Many new home builders are going the extra mile to make it easier for buyers to get into a new home. Some are paying closing costs of up to $5,000. Some use help from government programs. In January, sales of new homes were up 28.9 percent from a year earlier. Many buyers entering the market are finding fewer and fewer acceptable resale’s available in some areas. And those that are on the market at attractive prices are often snapped up by cash paying investors. For these buyers, new homes with closing cost assistance can … (18 comments)
bargains: Builders Are Showing Faith in the Housing Market
- 03/31/10 09:27 AM
Sales of newly constructed homes and contracts to build them are way off from the peak year of 2005. But cash-rich builders are betting on a turn in the market for new homes. They are buying land again. In some cases, builders are competing with each other for the best locations. As with other companies on the stock market, large builders have seen the price of their shares almost double in the last year. The number of lots owned or controlled by a dozen of the biggest builders rose in the second half of 2009, according to a recent … (11 comments)
bargains: An Offer They Can’t Refuse
- 05/22/09 08:33 AM
In real estate investment, one person's misfortune is another's opportunity. Indeed, with so many foreclosed properties on the market, buyers are poised to take advantage of a literally once-in-a-lifetime chance at investment or ownership. Every opportunity presents some challenges, however, and you'll need more than luck to effectively buy a distressed property. These transactions are more complex than traditional sales, and you are strongly advised to seek the advice and representation of a real estate professional well versed in this new marketplace. While a bank-owned home may look like a great deal, don't assume that any offer will be accepted. Most banks list … (19 comments)
bargains: An Ounce of Prevention
- 04/24/09 10:58 PM
If you're planning to go bargain hunting, you are likely to come face to face with a special challenge: the long-vacant home. Many of these properties have been foreclosed, and now rest in the hands of the bank. The owners are long gone. While the greatest percentage of these "distressed properties" are still in fair to good condition, how can you be sure of possible defects in the home when the previous owners are not available to disclose such facts? Since the bank-owners and their real estate agent may not know all the details about the previous owners, you would be well-served by … (1 comments)
bargains: House hunters scoop up the bargains
- 02/17/09 11:17 PM
Drawn by the real estate opportunity of a lifetime, thousands of small investors are stepping back into the market, say the experts quoted Fortune. They're not the only ones drawn by bargain prices on everything from single-family homes, to duplexes and apartment houses. In December, there was a 6 percent increase in the sale of existing homes. (In January, new home construction figures were rising as well.) Here's how to get the best deals: * Work with your real estate agent. The agent will be familiar with available properties and circumstances of the sellers. It's important to know how long properties been on … (3 comments)
New Home Sales at a Bargain
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