home sales: Velocity of Money?
- 07/28/11 03:11 AM
There has been some talk on the Velocity of Money.... What is the velocity of money and how does it impact home loans rates? If you’ve been watching the economic news, you’ve probably noticed that market experts and traders have been keeping a close eye on the Commerce Department’s Personal Spending and Personal Income reports. Obviously, those reports provide insight into the health of our economy, but did you know they also influence home loan rates? That’s right, personal spending can actually influence the interest rates that are available when you purchase or refinance a home.Here's why. It has to do … (6 comments)
home sales: Grand Rapids, MI It is a Buyers Market
- 05/11/11 09:09 AM
Grand Rapids, MI Buyers Market Economics 101 I was reading an article today on ten ways to survive the housing market and I got to thinking, what is the best thing a home owner could do to survive this slow moving market. Suddenly it hit me as I was reading number three on the article, BUY! The United States housing market is like a gigantic Wal-Mart right now with 20-30% savings on everything from Mansions to Apartments. One of the most common sayings when at the grocery store is "No it's not on sale." Homes are on sale! With prices predicted … (0 comments)
During my daily ritual of reading a few industry articles I came across one that I just had to share. Why you best investment is a house; Commentary: Home-sales data highlight a buying opportunity on Market Watch. After completing the short read I am inspired for the day.
We all have continued to hear many consumers saying that they are holding off to buy as the "doom and gloom" in the market does not seem suitable for home purchase. They are sitting back waiting for everything … (1 comments)
Grand Rapids Homes For Sale Home Sale Price: Grand Rapids Recently Sold Homes What do you think? Are these stats comparable to what you are seeing in the Grand Rapids market?
Now is the time buyers. Invetory is still high and prices are low. It is time to take advantage of this hot market! … (0 comments)
Buying a home can be a complex process, but it doesn't have to be. With a little preparation, you can save a lot of time and hassle by having all of your documents ready when your mortgage professional needs them.To start with, the lender will need personal information to verify employment for you as well your co-borrower (if there is one). Information regarding all of your debts and assets will also be needed.In order to expedite the paperwork process, start gathering the following items: Two Most recent pay stubs. … (0 comments)
home sales: Put Your Listings in the Spot Light!
- 09/10/10 10:10 AM
MAKE YOUR LISTINGS OUT SHINE THE COMPETITION Now is the time to set yourself apart. The market is saturated with properties and your sellers must get their home recognized without costing both of you a ton of cash.
What is your unique selling point and marketing strategies? How do you plan to get their property noticed?....Same old same old, sign in the yard, open houses, MLS listing, fliers out front, fingers crossed..... You can do better, your smart, motivated and will not be turn down opportunity. We are currently providing free marketing tools to select agents that are looking … (0 comments)
Here are some great homes from sale in West Michigan, brought to you by our great referral network. These homes are in many cities including Byron Center, Belmont, Grand Haven, Muskegon, Montague, Grand Rapids, Wyoming, Hudsonville, Middleville, Shelby, Rockford, Allendale and Holland to name a few. Just click on the picture below to take a look at these homes.
We all know that purchasing a home is a complicated process that is much easier with the assistance of experts such as a Real Estate Agent, Mortgage Professional, Financial Planner, Attorney and Insurance Agent. I wanted to through out some great online resources that can also assist in making this a smooth process weather you are a first time home buyer or a seasoned home owner.
REMEMBER: The tax credits are expanded to members of the military, foreign service and those in the … (0 comments)
BUYER VS. SELLER: A HARSH REALITYI have read a few posts on Rain lately that ring to the harsh realities of the market we currently face. Buyers are looking for the best deal in the market and many are pressed for time trying to grab up the home buyer credit. The sellers are looking to get as much out of their home as possible and many times with understanding the market itself. As agents you try to put everything into perspective for both parties but in … (3 comments)
home sales: Home Buyer's Tax Credit
- 03/26/10 10:11 AM
THE HOME BUYER'S TAX CREDIT IS COMING TO AN END TAKE ACTION NOW! KNOW YOUR CREDIT SCORE BE INFORMED Here is what you need to know: Qualified 2009-2010 first time home buyers may receive up to 10% of the home's purchase price or a maximum of $8,000. This credit has also been extended to include current homeowners who purchase a new primary residence (this is also up to 10% of the purchase price or a maximum of $6,500). Current homeowners must prove they have lived in their home for the last five-consecutive years. This credit does not have to be paid … (4 comments)
47% of all home purchases where made by 1st timers leaving 53% for repeat buyers (a 7% increase for last year) Internet and yard signs are the best method used for buyers and sellers to find a home and choose their agent (don’t spend your $$$ on magazines and newspaper ads, they are only read by 27% of buyers) 66% of buyers and sellers where happy with their agent, BUT only 17% used the same agent (does this make you want to get your database set up and stay on top of these … (2 comments)
home sales: 2008 NAR Survey- Demographics
- 02/25/10 08:40 AM
This is GREAT information from the 2008 NAR SurveyI have been reviewing this information and will be posting the fact for you to consider when working with first time home buyers.Prices continue to fall and there are great Conventional, FHA and VA loan rates available making the perfect storm for first time home buyers. The National Association of Realtors Survey of Home Buyers and Sellers in 2008 has provided this great information: 41% of home purchases were made up of first time home buyers 75% of first time home buyers lived in an apartment or rented a home/condo before purchasing 19% … (3 comments)
home sales: SELL MORE HOMES
- 02/25/10 08:08 AM
Have you ever used a temporary buydown to sell a home?Using a buydown to assist borrowers in purchasing a new home is a great sales tactic. Funds are set a side to subsidize the payments of the mortgage in the first few years.What are the benefits to the seller? Home sells faster by offering an initial lower interest rate Home can be bought at full price since initial payments are lower Additional borrowers will qualify for the property More buyers may be interested in the property The ability to show borrowers how to say money on their mortgage payments What are … (0 comments)
home sales: Get More Listings
- 02/24/10 03:31 AM
STAND OUT IN YOUR MARKET The best way to stand out in your market is by using technology that others do not have! You use the MLS and even Active Rain, but what sets your property apart? All the listings are set up the same with the same layout and colors, limited pictures and expensive virtual tours; where is the WOW factor? What if, at no cost to you, everyone of your listings could have a professional property website that included: 1 click Craig's List Postings Automatic Feeds to Google, Zillow, Trulia and MANY MORE Unlimited pictures and documents 4-One click … (0 comments)
home sales: Seller Reverse Contracts
- 02/23/10 07:07 AM
Have you ever done a Seller Reverse Contract?I can't say that I have heard or know too much about Seller Reverse Contract Strategies so I wanted to share this story that I came across:A couple had went through a home three times and were not yet willing to make an offer. To possibly move along the buyers the agent and seller "wrote" and presented an offer to the buyer with the conditions and sales price they were will to take and the negotiation process was under way. In the end the buyers bought the property.I did some research and did find … (2 comments)
home sales: Top Agents At Work
- 02/22/10 06:50 AM
What Are You Doing To Compete With Top Agents? Now is the time to set yourself apart. The market is saturated with properties and your sellers must get their home recognized without costing both of you a ton of cash.
What is your unique selling point and marketing strategies? How do you plan to get their property noticed?....Same old same old, sign in the yard, open houses, MLS listing, fliers out front, fingers crossed..... You can do better, your smart, motivated and will not be turn down opportunity. We are currently providing free marketing tools to select agents that … (0 comments)
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There has been some talk on the Velocity of Money....
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