homes for sale: Flipping An Investment Property? An Inspection Can Make or Break Your Deal
- 01/25/10 06:20 AM
Be prepared for what a home inspection might reveal when selling your home Since the start of the $ 8,000 tax credit and its extension to the end of April 201o, the flipping market has quite popular in the Philadelphia area. Some realtors and other investors that I've talked to over the past few weeks, have expressed that first time home buyers that are qualified for the tax credit, are finding it difficult to find desirable properties. It's that home price range between $ 80,000 and $ 200,000 where buyers are seeking homes that they would like to move into … (0 comments)
homes for sale: Foreclosures To Decrease Next Year?
- 11/03/09 01:52 AM
Forecast Expects Foreclosures to Decrease in Coming YearForeclosures are expected to subside in the coming year. The latest data released by UFA L.L.C., a firm located in Ann Arbor Michigan that researches mortgage activity, states that foreclosures are expected to decrease in the next year. After four years on the rise there is no doubt that it will be nice to see foreclosures start to subside.Improvements in the foreclosure arena are seen linked to tighter lending practices, home prices stabilizing, and an improving economy. The one element working against foreclosures is the increasing unemployment which will leave some without the ability … (2 comments)
homes for sale: Anatomy of a Short Sale - Philadelphia Market (or anywhere)
- 10/13/09 01:37 AM
A short sale is the selling of property to avoid foreclosure, the catch being that the property is being sold for less than the amount owed on it. What makes a short sale tricky is that the sale price is not up to the seller, the lender has to agree to the purchase price. The home owner isn't walking away with any money at closing in the case of a short sale so he doesn't care if the home sells for a dollar, the bank's involvement is to reduce their loss as much as possible and the buyer just wants a … (0 comments)
Let me take you through one of our recent properties that we've wholesaled to an investor, and maybe you get a perspective on how you can recoup all of your money invested in a deal and have positive cash flow every month. And plus there's a little added twist to this story in the end. This was a home in "HOT South Philly". It was a typical Philly row home. The ARV (After Repair Value) for this property, was at $ 110,000. Recently banks have been pushing down their appraisal numbers, so we try to stay conservative. We … (0 comments)
homes for sale: Investors Keep Buying Real Estate - Are You Missing Out?
- 04/15/09 02:13 AM
Why does this happen? In the stock market - most people buy high and sell low and they lose money. Common sense would tell you to buy high and sell low = make money. Well, shouldn't that same principal apply in buying real estate investments? For the smart Philadelphia and nationwide property investor, it has. According to an April 6, 2009 article on Direct Investor News, "Homes that were purchased for investment were counted among strongest segments of real estate in the year 2008″. We've seen the number of Philadelphia real estate investments we've wholesaled increase last year. People see a … (0 comments)
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