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It’s almost here, folks. Fourth of July weekend in Asheboro, North Carolina. My family and I plan on staying in town and enjoying all there is to offer locally. What will you and your family do this weekend? If you’re staying around home, too, or visiting us here in the Asheboro, NC area, here are a few things you might want to check out: What: Great American Splash
When: Friday, July 2nd, 12 pm – 6 pm Where: North Asheboro Swimming Pool WEBSITE
What: Summer Concert Series: The Vision Band When: Friday, July 2nd, 7 pm Where: Rotary Pavillion in Bicentennial Park (0 comments)
What is Foreclosure? - 06/21/10 11:39 AM
This is how RealtyTrac.com defines foreclosure: Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end one of four ways: The borrower/owner reinstates the loan by paying off the default amount during a grace period determined by state law. This grace period is also known as pre-foreclosure. (3 comments)
Here are the last 3 of the 10 Real Estate Investing Tactics. To review the previous 7, see the links below.
8. BUY WITH FHA FINANCING The FHA, created in 1934 to heal the housing market during the Great Depression, doesn’t lend money to homebuyers, but insures lenders against default on loans that meet FHA criteria. FHA loans are popular with many buyers because it is basically the only loan product in the current market that still requires a relatively low down payment — less than 5 percent. The FHA also has a loan program called 203(k), (0 comments)
Bistro 42 - Asheboro, NC - 06/18/10 06:10 PM
I've been feeling a healthy kick coming on. Today I decided to forgo any deep-fried, bad-for-me foods. I decided to eat a salad. Now, where in Asheboro can you get a fresh, delicious salad, made to order? Bistro 42. It's conveniently located in a quaint little spot at the Shoppes on 42. So, before I came to my senses and changed my mind, I picked up the phone and called 336-625-3663. I think I spoke to the chef and owner himself, Luke Armitage. I said "I want a salad. A good salad. Now." (or something close to that). He said "Ok! What do you (0 comments)
The Asheboro/Randolph MLS for the month of May had 644 active listings. The average list price was $165,393. That's up slightly from the April average of $161,458. There were 41 homes sold in May, down quite a bit from the 54 in April. The average sales price was $127,053, up from the average sales price in April of$112,387. The price range where most of the properties were sold were between $80,000 -$159,900. This data is from the Triad MLS and based on the Asheboro Association.
6. BUY A VACATION HOME A well-purchased vacation home gives you an inexpensive place to land periodically throughout the year for some rest and relaxation, but it also can generate substantial rental revenue when you’re not using it. In hot vacation spots, demand is high for affordable alternatives to hotels and motels — especially from vacationers planning to stay a week or more. Filling the property with renters during just a few months of the year can often produce more than enough revenue to cover your annual property expenses.
7. BUY WITH CASH Cash buyers are king (2 comments)
3. BUY AT PUBLIC FORECLOSURE AUCTION Buying at the public foreclosure auction is not for the inexperienced buyer or investor because it often requires significant amounts of cash and does not typically allow for a full inspection of a property prior to bidding. However, lenders are becoming more willing to discount opening bids at public foreclosure auctions, giving knowledgeable and careful investors an opportunity to buy far below market without the red tape of short sales or the bureaucracy of bank-owned sales. 4. BUY LOW AND RENT With prices at 2003-or-lower levels, bargain-seeking buyers might want to consider buying (0 comments)
Investing in real estate, like any other investment, should be approached cautiously and prudently. Wherever they invest, buyers should budget for monthly mortgage and principal payments, taxes, insurance, maintenance and unexpected repairs. According to several real estate experts, 2010 will be a good time to buy a foreclosure property as a home, an investment property or a vacation rental. Here are 10 investing tactics that can help you build wealth and financial stability in the years ahead. (The content of this message is from RealtyTrac Agent Advocate; Volume 6 Issue 6.) 1. BUY SHORT SALES 2010 will be remembered (3 comments)
I'll Bet you Thought You Knew Everything.... - 06/03/10 09:50 PM
So, you live in Asheboro, and you think you know pretty much all there is to know about the area, right?? Well, I was born here, and I grew up here, but the longer I live here, the more I realize that there’s a whole bunch of stuff I DON’T know about my hometown of Asheboro. I am participating in the Leadership Randolph program this year through the Asheboro/Randolph Chamber of Commerce. I knew it would be interesting, but I had NO IDEA how cool our information sessions and field trips would be. Today, our theme was History and Government. I (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.