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foreclosures: Using the Internet to Appraise Your Bethlehem Home
- 08/21/09 12:29 AM
In the past you could simply have an appraisal done by comparing the price of homes that sold down the street. This is no longer the case due to the abundance of foreclosures, and houses remaining on the market for so long. Now homeowners and buyers are using real estate websites for appraisals. These websites allow users to the address and provides a price or range of prices that the home is currently worth.
Of course it is important to remember that these websites are only providing an estimate. The estimates given are not 100% accurate. The websites determine property values … (0 comments)
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foreclosures: How to Make a Lehigh Valley Buyer’s Market Work for You
- 06/04/09 02:15 PM
The home supply is flooded while the demand to buy remains low. This is the perfect time to purchase a home. Buyers now have great bargaining power. They can state their own terms and make them stick. It is definitely a buyer's market and buyers need to make the best of it. Since there are so many properties available, there is no longer the pressure to move on the first property. Buyers should take their time and look.
Great deals are to be had on foreclosed properties and new construction. There are a lot of foreclosed homes available for rock-bottom prices. … (0 comments)
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foreclosures: Carrots and Sticks Disclosed
- 02/20/09 04:58 AM
A few weeks ago on this blog, we talked about how a successful housing program would have to contain "carrots" and "sticks." Now that President Obama has presented his housing proposal, we see a variety of incentives and directives - the carrots and the sticks - laid out before us. His $275 plan, with 75 million coming from taxpayers and the balance in government commitments to back Fannie Mae and Freddie Mac, aims to help 9 million troubled homeowners, while absorbing some of the financial impact to both lenders and mortgage holders and promoting new homeownership.
Especially in comparison with the … (0 comments)
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foreclosures: Foreclosure Relief: New Carrots and Sticks Needed
- 01/21/09 04:50 AM
The housing crisis is at the heart of the current recession. Both the government and private lenders have tinkered with solutions but to little avail. Now Congress, working in conjunction with the new President is committed to finding a more aggressive solution to a problem rooted in the very system of how homes were financed.
Since the housing bubble burst, over 3 million homes have been lost to foreclosure while another 8 to 10 million more are headed that way over the next four years, according to Credit Suisse. (And that's after we've been working on the problem for a couple … (0 comments)
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In the past you could simply have an appraisal done by comparing the price of homes that sold down the street. This is no longer the case due to the abundance of foreclosures, and houses remaining on the market for so long. Now homeowners and buyers are using real estate websites for appraisals. These websites allow users to the address and provides a price or range of prices that the home is currently worth.
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