Deciding to Buy A Home
Buying a home can be difficult decision to make in today’s market. The fragile state of the economy can have one constantly looking over their shoulder at the boss, wondering if there is another wave of layoffs coming. (…)
Buying a home can be difficult decision to make in today’s market. The fragile state of the economy can have one constantly looking over their shoulder at the boss, wondering if there is another wave of layoffs coming. (…)
In today’s real estate market, Orlando home values, not unlike home values in other parts of the country, have plunged like an anvil. (…)
A significant percentage of the population went into shock back in 2008 as they watched the 24 hour news programs announce the evaporation of their home values while utilizing a myriad of charts and graphs to drive home the devastating news. In my circle of friends, more than I care to admit got waylaid by the turn in the economy. And, as it has been discussed ad nauseam, there are many people that should have known better. However, not everyone facing foreclosure is in that situation because they spent all their home equity traveling the globe, or they needed their McMansion to keep-up-with-the-Jones’. There are many hard working people that managed their household finances responsibly yet are on the precipice of losing their home to foreclosure. (…)
With the influx of REO properties into the market, this is a good time to again consider flipping those properties as an investment strategy. However, what is different today is that it’s not simply a buy and sell scenario where a raising market will insure a profit. (…)
As a real estate professional I have to remind myself on a regular basis that, over time and with experience, the basics of mortgage finance become intuitive to us. Most of us can rattle off, almost without thinking, the monthly payments of any principal amount. But our clients do not have the same bank of experience and many people are not comfortable with numbers. (…)
Buying your first home is one life’s biggest events. The simple magnitude of the dollars involved and the length of the mortgage commitment can be daunting. (…)
Marketing a commercial real estate property is vital as it is a niche segment and completely different than conventional residential property. (…)
As liquidity slowly seeps back into the economy and some qualified buyers, perhaps encouraged by the first time homebuyer tax credit, tentatively stick their toes into the proverbial home buying waters, bank owned properties have become the jewel de jour. Nightmarish stories of endless waits for banks to approve short sales have put a dingy taint on the short sale property. (…)
The dust has not yet settled on the near total implosion of our economy in general and the real estate market in particular, yet there are indications that some investors, perhaps those from foreign countries where the exchange rate is favorable, or those that saw the fiscal Armageddon on the horizon and liquidated their holdings, have decided that, yes, this is the true bottom and they are starting to step back into the market place. (…)
Purchasing a home or investing in real estate can be an emotional experience, particularly for those that are engaging the process for the first time. (…)