realtor: Mortgage Rates Hit An All Time Low: Again - 08/06/10 11:55 PM
In what has become an almost weekly occurrence mortgage rates hit new all time lows. The 30 year rate fell from 4.56 to 4.54 this week. Rates have either reached new lows or matched old lows for 5 consecutive weeks.
The 15 year also reached an all time low dropping from 4.03 to 4.00. It will be interesting to see if the 15 year fixed will fall below 4.0 in the next few weeks. The 5 year arm dropped from 3.79 to 3.76 just .01 points above the all time low. The 1 year arm dropped from 3.70 to … (4 comments)
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realtor: How to Become a Famous Real Estate Agent - 07/18/10 01:48 AM
So, you have taken the classes and you have now become a real estate agent. Or, you already are a real estate agent. Now that you are, or already are, a real estate agent, how do you become a famous real estate agent?
Before getting into the specifics of becoming famous, you need to sit back, kick up your feet and decide on your niche. Your niche will be the springboard from which you launch your campaign to become famous. Is the luxury market your thing, or maybe being a buyer's agent is more your cup-of-tea. You need to decide … (6 comments)
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realtor: Recipe for a Successful Real Estate Investment - 07/06/10 01:53 AM
There are a few wants that home buyers perceive as needs when shopping around for a home. As you're shopping for your next home, you may not have any idea how long you will live there as you may need to sell at some point. With that in mind, consider some practical features potential home buyers look for when buying their next home. That way yours will be positioned for quick sale if or when you decide to put it on the market in the future.
Basic Functions
When you bought your first home, things like central air, a … (1 comments)
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realtor: 10 Things to Know Before Enlisting the Help of a Real Estate Agent - 04/12/10 01:53 AM
Real estate agents are great sources of information and assistance in the housing industry. Their purpose is to serve the real estate market with integrity. Under contract they have fiduciary responsibilities to their clients. Before enlisting the assistance of a real estate agent, there are 10 things to keep in mind.
1. Before a real estate agent can successfully sell your home, you need to have it in tip top shape. All colors inside and outside of the home should be in neutral colors, including wallpaper, painted walls, and the exterior. If you are a smoker or own a pet, … (4 comments)
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realtor: How to Become a Successful Real Estate Agent - 02/24/10 01:33 AM
What does it take to become a successful real estate agent and maintain that status?
With all the real estate agents in the troubled market right now, it's not surprising that new agents often don't last and brokers are finding it difficult to keep them. Although brokerages can assist new and existing agents in developing and honing their selling skills, there is one common trait to which all successful real estate agents attribute their success - the need to close the sale, and in record time.
It's amazing how many people think that being a real estate agent … (5 comments)
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realtor: Luxury Homes of the Rich and Famous - 01/08/10 01:14 AM
Who isn't interested in the luxury homes of the rich and famous? They have such a flair for the fantastic. No doubt, you'll discover innovations that you never would have thought to build into your own home. From Hollywood actors to people in politics, you'll find the famous do their due diligence in decorating.
John Travolta and Kelly Preston primarily live in Ocala, Florida, which is host to his famous airport terminal. An avid aviator, the actor extended the existing airport strip so that he can drive right up to the home after landing. Can you say, "Honey, I'm home" … (2 comments)
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realtor: Preparing to Buy a Home - 11/16/09 01:06 AM
Are you preparing to buy a home for the first time? Or have you closed on a number of homes in the past and are preparing to buy your next home? Regardless, you'll want to keep in mind the steps necessary to successfully navigate the preparations for buying that next home.
Initially, you'll want to determine your income, debts and savings and decide what you can afford. Instead of doing all the calculations and attempting to make the determinations yourself, you may want to decide on a reputable lender and have them do it for you through a prequalification. If … (4 comments)
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realtor: Control Home Building Costs - Here Are Some Tips & Tricks - 10/16/09 03:57 AM
Home building costs can often be a challenge to control when you've got so many variables in the building or remodeling project. You can avoid overages or, at least, keep them at a minimum if you are armed with some valuable advice.
When planning your build, pad your budget with a 15 percent Contingency Fund. This fund will enable you to pay for overages you have no control over, like unknowns behind walls and ceilings and problems found once excavation commences.
You may not be able to avoid all of them, but you can certainly keep overages under … (4 comments)
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realtor: World's Richest Real Estate Moguls - 10/07/09 01:37 AM
No matter what profession you are in, you will be impacted by real estate in some form or another. Whether you own, rent or sub-let, your life is impacted by real estate and the professionals or individuals that sell, manage or own it.
With that in mind, it would make sense that you just might be interested in people who have made it big in real estate. There are a select few in the entire world who have made their tremendous mark on the real estate landscape. Although, there were many struggles along the way, they arrived at that coveted … (4 comments)
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realtor: Investing in Rental Property - 09/30/09 01:04 AM
Foreclosure City has created the perfect storm in many major cities in the U.S. - the perfect storm for investors to find great real estate deals, that is.
Large inventories, low interest rates and homeowners hungry to sell all make certain cities ideal for picking an affordable home or two. Before you break a leg rushing out to buy that bargain real estate, however, you'll want to keep in mind the most important factors in a successful real estate deal.
Location, condition, price and financing are all consideration you'll want to keep in mind in order to successfully find … (1 comments)
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realtor: Mortgage Rates Remain at Summer Lows - 09/30/09 12:52 AM
Mortgage rates remained steady this week. The 30 year again was at 5.04 which is a low for the summer. The other mortgage products remained relatively stable this week except for the 1 year arm which fell from 4.58 to 4.52. Below are rates for the last few weeks. As we can see overall for the last month rates have been steadily falling. But overall the movement has been very small with 30 year rates only dropping 1/10 of a point in the last month.
Sep 24, 2009
30-yr 5.04 15-yr 4.46 5-yr ARM 4.51 1-yr ARM 4.52
… (0 comments)
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realtor: Foreclosures of Rich and Famous People - 09/22/09 03:05 AM
Although the rich and famous are rich and famous, it doesn't mean that they are impervious to the popping of the real estate bubble. Many have succumbed to real estate woes as of late.
Ed McMahon had tabloids a talking when his real estate troubles became front page news last year. The now deceased celebrity attributed his dollar difficulties to alimony paid out to ex-wives and the economic downturn.
Aretha Franklin set the record straight about her exclusive Detroit suburban home. It went into foreclosure due to non-payment of property tax. She could have lost her $400,000 home to … (2 comments)
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realtor: How to Avoid Mortgage Fraud - 09/22/09 02:56 AM
News articles throughout the U.S. headline stories about indictments for mortgage fraud. Although you may think you could never be scammed, you should think again.
Above-average, intelligent, middle-class professionals have been duped as well as the average Joe. Almost no one is beyond the long arm of a mortgage scammer's reach. You can, however, become better educated in the antics of fraudsters in order to thwart the most common scams used.
Today, the most common mortgage scams played out in the media are perpetrated against those who are in danger of losing their homes to foreclosure and homeowners who … (1 comments)
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realtor: Mortgage Rates Stay Even - 08/10/09 11:23 PM
The saying "No news is good news" might be applicable with the recent trend with mortgage rates. For the last 2 or 3 weeks for the most part rates have stayed pretty much unchanged. The reason why this could be considered good news is that the economy and stock market seem to be improving. There was a lot of discussion that an improving economy would lead to inflation and in turn higher interest rates. While I still think we are eventually headed to higher interest rates it's nice that at least that is not happening now. This week the 30 year … (1 comments)
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realtor: After Falling Mortgage Rates Hold Steady - 06/27/09 02:00 AM
After falling from 5.59 to 5.38 the previous week it looks like mortgage rates for the most part held steady this week. Of the four major mortgage products two fell and two rose. But for all four the movement was minimal. Thirty year mortgage rates rose from 5.38 to 5.42 and the 5 year arm rose from 4.97 to 4.99. The 15 year rate dropped slightly from 4.89 to 4.87 and the 1 year arm fell from 4.95 to 4.93. Below are rates for the last few weeks.
Jun 25, 2009
30-yr 5.42 15-yr 4.87 5-yr ARM 4.99 1-yr … (2 comments)
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realtor: Mortgage Rates Skyrocket - 06/12/09 03:48 AM
Last week mortgage rates moved up rapidly, moving up from 4.91 to 5.29. This week mortgage rates again jumped up .3 points going from 5.29 to 5.59. On May 21st rates were sitting at 4.82 which was a 40 year low. Now just a few weeks later rates are at 5.59. This is the highest we have seen rates since November 26, 2008. Unlike last week this week all the other major mortgage products went up as well. The 15 year rate jumped from 4.79 to 5.06. The 5 year arm moved from 4.85 to 5.17 and the 1 year arm … (3 comments)
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realtor: Mortgage Rates Spike Up Rapidly - 06/04/09 11:56 PM
Mortgage Rates spiked up this week. The 30 year rate jumped from 4.91 to 5.29. This is the highest we have seen mortgage rates all year. Last week mortgage rates moved from 4.82 to 4.91 last week. What is interesting is that in two weeks mortgage rates have moved from near all time lows (the all time low was 4.78) to the highest point of the year. The 15 year rate moved up from 4.53 to 4.79. We did not see as much movement in the arms. The 5 year arm rose from 4.82 to 4.85 and the 1 year arm … (2 comments)
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realtor: Home Remodeling: Lavish Bathrooms - 06/04/09 11:50 PM
Nowadays people are spending upwards of $10,000 on a total bathroom remodel. Homeowners are opting for more spacious and ornate bathrooms complete with natural stone floors and multiple showerheads. But, if your budget can't quite handle the expense of a jetted tub or marble shower, there are plenty of options that provide heightened style without a heightened credit card bill.
The best place to start is with paint. Adding a splash of color can do wonders for your bathroom. Start by changing the color of your walls to a light and airy hue. The best options are blues, light … (0 comments)
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realtor: Mortgage Rates Start to Rise - 05/21/09 01:02 AM
Mortgage rates rose slightly this week. The lowest rates we have seen in the last 50 years came just 2 weeks ago when 30 year mortgage rates hit 4.78. Since then rates have risen slightly to 4.86. Although off of record lows mortgage rates are still very low by historical standards. The 15 year rate held mostly steady sitting at 4.52 but .04 points above its all time lows.
While the 15 and 30 year dropped both the 5 and 1 year arm fell this week. The 5 year arm fell from 4.90 to 4.82. The 1 year arm dropped … (0 comments)
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realtor: Easy Home Improvement ideas to Add Value to your Home - 05/14/09 04:00 AM
With spring and summer just around the corner, home owners may want to spruce up their home. Whether you want to add value to your home to sell it or just to update your home for your own pleasure, here are a few low cost ideas that anyone can do.
Custom details can add dollars and character to your home. If you want to do a face life on a room, instead of crown molding, try using wainscoting instead. It is less expensive to use and comes in a variety of styles and you can easily install it yourself!
… (3 comments)
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