30 Tenant Questions - 06/30/11 08:09 AM
30 Tenant Questions
 
 
 
Since the housing meltdown, nearly 3 million new households have become renters. At least 3 million more are expected by 2015. If you’re new to the rental market, you’re not alone. Rentals are on the rise! So, if you’re planning to rent, just as with buying, you need to do some homework. Here are some things to consider before you sign a contract.
 
 
Questions to ask your landlord:
How much is the application fee? What documents do you require when I submit my application? Will you run a credit check? Will you … (4 comments)

What is an REO and Where can You Find Them? - 06/22/11 05:25 PM
What is an REO and Where can You Find Them?
If a foreclosed property does not sell at public auction, the lender, usually a bank, takes title and it becomes Real Estate Owned (REO) by the lender. Since the lender does not want a non-performing asset on its books, it will clear the title (get rid of liens against it), maybe do some cosmetic repairs to the property, and put it back on the market at a discount to get it sold.
The reason you hear about so many REO’s right now is that most of the properties up for … (4 comments)

The House of Tomorrow - 06/20/11 12:53 PM
The House of Tomorrow I read an interesting article about another housing dilemma; what do buyers want from builders? One thing for sure, building the same boxes over and over is no longer working.
Here’s the thing.. Baby boomers are down sizing. We want one level, open space, fewer bedrooms. We’re giving up some of the bells and whistles in order to compensate for retirement incomes and fuel costs.
The next generations, X and Y apparently, want more urban life than we baby boomers had. They are not interested in the typical box house and they definitely don’t want to live … (1 comments)

Home For Rent 2534 White Fence Way, High Point North Carolina - 06/16/11 01:26 PM
Home For Rent  2534 White Fence Way, High Point North Carolina
View Larger Map … (1 comments)

Should You Hire a Real Estate Agent? - 06/15/11 09:33 AM
Should You Hire a Real Estate Agent?
It is not required that you use a real estate agent when selling or purchasing a home.  You can sell as for-sale-by-owner and you can buy on your own from anyone.  If you decide to take this route, you will use a real estate attorney or title company to handle the paperwork and the closing so you will still have much assistance and guidance once you have found a willing and able buyer or seller and reached a purchase agreement.So, what does a real estate agent do for you?Suggest Neighborhoods.  Ideally, your agent will … (0 comments)

Real Estate Investors Rock - 06/10/11 10:13 AM
 
Real Estate Investors Rock Too often, as investors, we get a bad rap. Many would have the public believe that those who invest in real estate are “scam artists”.
The truth is, what we do is vital to the economy and to literally hundreds of thousands of homeowners across the country. As a group, our goal is to buy properties from sellers who need help with their situation and to “sell” to people who wouldn’t otherwise be able to buy or live in a home as nice as what we provide. We work for the public good because (1) we … (6 comments)

Greensboro, NC Statistics - 06/06/11 10:39 AM
 
Greensboro, NC Statistics
Greensboro, NC is my home and I love it.  It’s located in Guilford County, a beautiful, friendly, family oriented environment and I think everyone should live here!
Statistics from the US Census bureau, for Guilford County and for North Carolina:
Population, 2009 estimate                             480,362                                 9,380,884 Housing units, 2009                                      216,162                                 4,258,625 Median household income, 2008                    $47,836                                    $46,574
At the end of April, our inventory of homes on the market was 8,705. At the current sales pace, it will take 14 months to sell off the existing inventory. The number of existing homes offered … (1 comments)

Costs to Sell Your Home - 06/04/11 03:10 PM
 
Costs to Sell Your Home
 
 
 
 
Some people actually believe they will be “getting” what they sell their house for and are shocked at closing by the number on their side of the HUD-1 (ask any closing attorney). Warning!  There are tremendous costs to sell.
What costs will you incur when you sell?
 
 
 
 
To begin with, you will not get your asking price. In this economy, a 5% discount is conservative, 10% may even be conservative (unfortunately). So, if you list your home for $200,000 an offer of $180,000 should not be … (2 comments)

Pricing Your House to Sell - 06/04/11 03:05 PM
Pricing Your House to Sell
The big economic crunch started around the Fall of 2008. Since that time, many of our jobs have been downsized, outsized or re-sized. Whateve you  to call it, a lot of higher paying jobs have just vanished into thin air. Besides these external pressures, we deal with other issues like divorce, disability or bad health situations and elder care.
On the happier side, it is true that all news is not bad. Some people actually are earning more money as they achieve well deserved promotions and, whatever the reason, people still need or want to sell … (0 comments)