home buying tips advice: Is now is the right time for you to buy ?
- 01/02/09 05:39 AM
5 Home Buying Rules to live by to help you decided whether now is the right time for you. Do you want to own a home. - there is no reason to buy just because everyone else says you should. Home ownership can be expensive, can tie up your money and can be filled with upkeep headaches. Do you love the home. - Make sure you will be happy in your home for a long time. There is no reason to work hard to pay a mortgage on a home you do not enjoy. Do not buy until you have at … (4 comments)
home buying tips advice: a case of the Glass Half-Full v. Half Empty.
- 12/29/08 10:53 AM
a case of the Glass Half-Full v. Half Empty. Here's why .... 1) It's a Buyer's market - 2) Lenders easing credit - 3) Lower interest rates - many many years, thus lower monthly payments for the same house 3-4 years ago. 4) Reduction in inventory - 5) Consumer confidence - Yes, if you are a seller, times are tough. However, be patient. Prices are starting to correct enough to stimulate buying. Lower prices, means more buying, more buying means less inventory (supply) . Less Supply, in simple economics, means more demand. Prices then go up. It's almost that simple … (0 comments)
home buying tips advice: 4 reasons to make a low-ball offer
- 12/20/08 03:18 AM
It is a Buyer's Market. Period. Most homes are sitting months on the market waiting for any offer; no less a low ball offer. There are good reasons to make a low-ball offer. That is what the buyer thinks the house is worth. That is the amount the buyer is qualified for a loan. May need to have that price so that the mortgage payment is equal to the rental income. May want to flip the house. Buy Low Sell High. Keep in mind, low ball offers are not likely to get accepted. You are looking for that one seller in … (3 comments)
home buying tips advice: Real Estate Finance 101
- 12/13/08 05:34 AM
"Finance 101 will often tell you that, "the best time to buy is when opportunities are created out of seller necessity. A couple I have worked with for some time, just bought a home straight out of a Builders Inventory (these days, builders have taken homes back from a buyer who could not qualify for a loan.) The original price on this home was more than $700K. they bought this brand large beautiful new home in a wonderful community of Peoria for $400K. Again, my home buying crystal ball is on the fritz. However, they have a very affordable 30-year fixed … (0 comments)
home buying tips advice: Why Rent when you can own?
- 12/05/08 07:20 AM
real estate prices do not always go up, you need to follow a better guideline in your decision making than answering the age-old question of "Why Rent when you can own? and "renting is throwing money away!" Here are the questions to ask yourself if home buying is right for you Do you need the flexibility of renting? or can you afford to stay in your home for at least 5 years or longer? Can you afford a 20% down payment? Can you afford a monthly payment on a 30-year fixed mortgage? ask your CPA ... Does the tax benefit of … (1 comments)
home buying tips advice: Stock Market indicates we may hit bottom
- 12/05/08 07:19 AM
The stock market leads us into a weekend with hope and optimism. After some dismal news on the emplyement front, Wall Street ralied from down more than 250to up more than 250. WOW!!! Add into the mix good news from the Treasury that it would buy $5Billion in bad debt from Fannie and Freddie and we have the makings of a good rally in stocks, real estate and more favorable mortgage rates into the end of 2008 leading to a positive start to 2009. Interest rates on fixed rate mortgages are now hovering at 5%. They are expected to head to … (1 comments)
home buying tips advice: buy your next home on-line make sure you follow these tips
- 11/10/08 04:34 AM
buy your next home on-line make sure you follow these tips. extended Close of escrow so that you have plenty of time to get the best available finance. You can always close early. Financing details must be in the contract so that if you do not get satisfactory finance you can cancel per finance contingency without breach -Terms of finance would include who pays for pay for loan costs (and appraisal) Choice of Escrow company. In Phoenix, the seller pays for Title Insurance and will often demand use of Title and escrow company of their choice. However, all items are negotiable … (0 comments)
5 Home Buying Rules to live by to help you decided whether now is the right time for you.;)
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