buy: Thinking outside the box
- 05/17/11 11:22 AM
Thinking outside of the Box Many hundreds of years ago in a small Italian town, a merchant had the misfortune of owing a large sum of money to the moneylender. The moneylender, who was old and ugly, fancied the merchant's beautiful daughter so he proposed a bargain. He said he would forgo the merchant' debt if he could marry the merchant's daughter. Both the merchant and his daughter were horrified by the proposal. The cunning money lender suggested that they let providence decide the matter. The moneylender told them that he would put a black pebble and a white pebble into … (2 comments)
buy: Strong Rebound in Pending Home Sales
- 12/08/10 03:09 AM
Pending home sales jumped in October, showing a positive uptrend since bottoming in June, NAR says. The Pending Home Sales Index, a forward-looking indicator, rose 10.4 percent to 89.3 based on contracts signed in October from 80.9 in September. The index remains 20.5 percent below a surge to a cyclical peak of 112.4 in October 2009, which was the highest level since May 2006 when it hit 112.6.Last October, first-time buyers were motivated to make offers before the initial contract deadline for the tax credit last November. The data reflects contracts and not closings, which normally occur with a lag time … (1 comments)
buy: The Big Question: Should I rent or Buy?
- 06/22/10 09:38 AM
It all is relative to your situation. If you have a good job, decent credit and some money to put down, then YES. Homes are at a historic low and interest rates are still at Historic lows. So all you have to do is ask your self 3 questions: 1. Is it the right time for you and your family? 2. Is it the right house for you? 3. Can you afford it? #1. Rates are low and lending requirements are still easy (they will get harder soon, requiring more down and a higher FICO credit scores. Prices … (0 comments)
buy: The Perfect House
- 08/04/09 11:58 AM
My wife came home one day and said "Guess what, I found the perfect house" Of course I said "I didn't know we were looking". But being in Real Estate we are always looking at homes. We see bigger and better homes and get lots of ideas, so I said "OK, let's go look". The house was nice, our style, light bright with an open floor plan, she wanted it, so I said "Where do I sign?" She said" don't worry I already signed your name".
We bought this house and then my wife proceeded to spend more money … (0 comments)
buy: NOW is a GREAT time to buy
- 04/01/09 08:19 AM
According to Sources the average rate of appreciation of homes since 1980 has been 5-6% per year and from 2000 to 2006 it went up an average of 15% per year and so the prices are moving towards a stable and healthier market. Home prices have dropped 30% from the high which means we are within 5-10% of a healthy average annual increase, so now is the time to move and negotiate the last 5-10% off the price while the seller's are negotiable and know it is a buyers Market.
We now have about a 5 month supply of homes … (0 comments)
buy: Learn from the Rich and Famous "Warren Buffet's Words of Wisdom"
- 02/02/09 04:54 AM
"Be Fearful When Others Are Greedy. Be Greedy When Others Are Fearful" WARREN BUFFET Warren Buffet in his Wisdom is a majoriety stock holder in Prudential CA Realty Buffet's wisdom applies to real estate as much as it does to the stock market. Many buyers are sitting on the sidelines, waiting for that elusive bottom of the market-fearful that they will pay too much. THE TIME TO BUY IS NOW. It's a fgreat time for First Time Buyers to Make a Purchase, with prices at historic lows favorable interest rates, and a $7500 tax credit incentive available for a limited time. … (0 comments)
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