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Recently Published: Home Buyers: The Next Gen Up We are looking at the wave of 6 million new home buyers. Known as the Millennials, these are a recent college grads A new generation, more wired and more diverse than any before.And they are interested home buyers..who are they and how do we reach them...read more Green Real Estate Predictions for 2011 By Jim Simcoe In regards to green real estate, here are my predictions for 2011 (in no order): Green Value will replace Green Hype. 2010 was the last year we’ll see people largely add green elements to their projects just for the heck of it. Value is starting to trump hype...read more Banks to allow local groups to buy foreclosures The largest mortgage lenders in the country, including Bank of America Corp. and Wells Fargo have agreed to let the groups purchase the properties ahead of private investors. Neighborhood organizations will have up to 48 hours to evaluate bank owned property before professional investors get to view and bid for purchase....read more Fannie Mae: First Look Gives Home Buyers An Edge Fannie Mae markets its REO through its HomePath Properties. Under the new incentive program, owner occupants and public entities that buy a HomePath Property between now and December 31, can receive up to 3.5% of the purchase price in closing cost assistance...read more Real Estate Investing 6 Ways To Buy Property No Money Down By Dennis Henson Is it possible to buy property for no money down? Of course--there are many ways to totally finance the purchase of real estate. It just takes some imagination and some O.P.K. (Other Peoples Knowledge). Appraisals: Costing Us Equity? When serious damage is done to an asset class and there is a big re-think regarding its true worth, no one truly knows what its worth, past assumptions may no longer be relevant. So appraisers are shooting in the dark Who's Lending Now Signaling that big banks are healthier and no longer need extraordinary lending practices. Many of the large banks have surplus capital now and can self fund as necessary. Other big banks, responsible for 60% of all mortgage loans before the crises, cant be far behind. Green Home Trends: 2010 The key to mainstreaming green homes is to make sure that consumers understand the value of green upgrades, how cost-effective energy efficiency can be in the long run. Consumers want homes that are environmentally friendly and home values should reflect the increased savings. NAR Monthly Report: Sales Up In 2009 And Then Dip By early summer the overall market should benefit from more balanced inventory, and sales are on track to rise again in 2010. But, jobs are the key concern. without job creation we could see a dampening of the housing recovery Remodel: Is It An Investment Whatever you do don't overspend and don't be too unique. Most projects wont return your costs and certainly outside the norm remodels can take forever to sell. So where should you put your money...read more Fannie Launches the First look Program Fannies supply of foreclosed homes keeps growing. The First Look program is designed to help owner occupants buy homes. Its a new program aimed at toward stabilizing neighborhoods and building stronger communities in tough times.read more.. Renters Who Lose Homes to Foreclosures Foreclosed Homes: Most of the occupants are homeowners , who must scramble to find housing with very little notice. They're being joined by scores of renters who discover, often with no warning, that their rented house or apartment is now owned by a bank, which wants them out. Green Homes and Sales Trends According to a recent NAR survey, 90 percent of recent home buyers thought energy efficiency was a very important consideration when searching for a home, and the demand for green buildings and environmentally sensitive home features is growing. Read more about how you can green for a better sales profile The Art of Auspicious Interior Arrangement Feng Shui often gets a bad rap among conservatives, mostly in my opinion, for good reason. Feng Shui draws a lot of interest and can be used to help stage a home effectively A Functioning Market Niche More seniors are turning to reverse mortgages to supplement their retirement savings, which have been decimated by market losses. You can purchase a principal residence without a mortgage payment using a Federally Insured Purchase Reverse Mortgage. For those individuals with cash who want to move closer to family or buy into a senior housing community, its an option. Internet Home Pricing Models: Are They Good Yet The online Pricing Models like Zillow or Realtytrac are very popular and fun to use. But, you should understand the limitations...they arent that accurate yet and heres why Sort Sale: How Does it Work Short sales are new to most of us and if you happen to be in this situation you really need to get your ducks in a row before they foreclose on you. Time is really improtan and we hope this helps. Why Buy Investment Property or Do I Want to be a Landlord Multi family housing less risky and more affordable. Although its more work and requires good business management skills it can be rewarding, especially when single family homes look like a risky buy. Is Landlording is Right For You: What it Takes So you own your home and your thinking of an investment property. Now this is not just real estate but a small business needing attention and good management skills. Owning your home is one thing, landlording is quite another. FSBO What You Need to Know Lets face it, real estate agents get paid well for a sale and owners looking to sell will happily avoid the commission and pocket the difference if they can. And who could blame them? The commission on a $500,000 sale is $30,000. For that kind of money why not do it yourself, so here are some tips for the hardy FSBO's and to balance it a reality check by the National Association of Realtors.
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