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We finally have an avalanche of positive news regarding on the real estate and housing market for 2012.   

  1. Foreclosure activity in 2011 is down more than 50% lower in several states, including New Jersey, Maryland and Florida.  Realty Trac
  2. The much feared “shadow inventory” of foreclosures declined dramatically in 2011.  In December 2012, 2.2 million properties were in some stage of foreclosure.  In September 2011, that number dropped to 1.5 million units…or a whopping 32% in nine months.  Realtytrac
  3. Realtors in some hard hit area’s, such as Michigan and southern California, are reporting a shortage of housing inventory and a return to bidding wars in tight markets.  
  4. Wall Street thinks the worst is over.  Stocks of the nation’s five largest, publicly traded, home builders are at 52 week highs signaling an upswing in home construction in 2012.  In addition, the home builders have been snapping up deals on land and abandoned subdivisions in anticipation of increased buyer demand.  CNBC
  5. Realtors and home builders are getting a boost from rising rents, as Americans realize that owning a home is often less expensive than renting one.   And, while future rent increases have no ceiling on how high they can go, ownership locks in housing expenses and equity is created as the loan balance decreases each month.
  6. Legal issues, property maintenance and other issues complicating the foreclosure process will push banks and lenders to approve more short sales in 2012, further reducing housing inventory.
  7. Interest rates will remain at historical lows in 2012, which allows more people to qualify for a home and cheap money buys more house for the same monthly payment. 
  8. Foreclosure activity was down more than 30 percent in 2011.   Fewer than 2 million properties foreclosure notices were filed in 2011, down from 2.9 million property filings in 2010.  Realty Trac

InfoTube believes that this news spells OPPORTUNITY for home buyers, home builders, investors and real estate agents.  Home prices and affordability are excellent, yet buyers and investors can still find good bargains.   Today’s smart home buyers will feel like geniuses in ten years when the see what inflation has done to home prices. 

If you have a home to sell, we can help.  Visit InfoTube.net to place a FREE home listing about your property or to buy an InfoTube or InfoBox to advertise your property to drive by customers.  Or, supersize your marketing efforts with an MLS listing.  The MLS and Realtor.com reaches millions home buyers each day that otherwise would not know your home is for sale!!!

If you have been following our blog, then you know that The Hillman Group went to China and made a copy of our patented, US made InfoBox that is sold at retailers such as Lowes, Home Depot and Menards. 

Hillman planned, and spent a great deal of time and money to steal the InfoBox, replace it on the store shelves with it’s “Yellow”-lidded Chinese copycat.  The goal is to put another US company out of business and toss its workers to the wind. 

Well, we have another plan!  FIGHT BACK!!!

We are placing a BOUNTY and REWARD on the Yellow Chinese Hillman Box.  If you can find and purchase one of these boxes, please do immediately

  • Mail the china box to 1854A Hendersonville Rd #221 – Asheville, NC 28803, along with your receipt.
  • We will send you TWO (2) FREE, Original, 100% Made in the USA INFOBOXES with the Bright, Red Lids    
  • OR, TWO (2) FREE INFOTUBES, The Originals, Made in the USA  with the Bright, Red Caps to your Door at NO CHARGE!!!!  
  • Sign the InfoTube Care2 Petition to Save American Jobs, Companies and Products by CLICKING HERE
  • We are looking forward to returning ALL the Chinese boxes to the store ourselves!!!

Your voice and support matter to American workers, American home owners and America!!!  Thank you in advance for helping us fight!!!

Tommi Crow, owner of Infotube and InfoBox

7 Secrets to Selling Your Home Now

Thursday, April 21, 2011 posted by Tommi Crow

In today’s’ super-competitive housing market, it is essential that homebuyers picture themselves living inside the home you are trying to sell.    

7 Secrets to Selling Your Home Now

  • For starters, take down the Wallpaper – Trust me when I say, “Buyers just do not like wallpaper.”   If you doubt how personal wallpaper is…just walk into any wallpaper store and stare at the thousands of available patterns.  Chances of your tastes matching are at least a thousand to one.  Don’t risk it!  Pull that paper down!
  • The Clutter HAS to Go!  Living in a house is alot different than Selling a house.  It is easy to get blind to your own clutter.  Ask a friend, neighbor or neutral party to be honest with you.  Then, pack away every single thing you don’t use.  And, clear the kitchen counters completely.
  • Smelly Homes Will NOT Sell.  Agents have an old saying, “If I can smell it, I can’t sell it.”  Pet smells, musty odor’s, etc will kill a sale everytime.
  • White is not a Color.  But, paint is your friend.  Every room should have a fresh coat of paint in a warm, neutral color.
  • A Spot of Color.  Everyone loves flowers.  Place pots with colorful annual flowers by the front door or plant seasonal color in the beds to make your home inviting and memorable.
  • Househunting Begins on the Internet.  If your property is not exposed on the internet, your chances of a buyer finding you are very small.  Tip the odds in your favor by advertising your home on the MLS and all the major search engines for real estate.  InfoTube also offers FREE property listings on its website.   Also, make sure your listing includes at least 10 good photo’s of the interior and exterior of your home.  If possible, also include a video tour of the house and neighborhood.
  • Forget About Comp’s and Sold Properties.  Study your competition, which means homes currently For Sale.  If your home is priced too high when compared to your competition, it is going to sit for a long, long time.

Homeowners should please keep in mind that Buyers have a lot of choices.  The homeowner who can make their house stand out among the vast inventory of “For Sale” signs will the one who wins the selling game.

Thank you for visiting InfoTube.net homes for sale and rent website.  For up to the minute real estate news and tips follow InfoTube for Real Estate on Facebook.

If you have a condo, ranch, one level bungalow or a home with the master on the main level that you need to sell, this may be your lucky year.  The baby boomers (those 77 million people that were born between 1945 and 1964) are back in the housing market in a big way..and they often pay cash.

The aging boomers have finally worked up the courage to sell the family house, depreciated as it is, and roll the home equity into their last ever home purchase.   Ironically, the catalyst for this trend has nothing to do with real estate.   The motivation is age, quality of life and the stock market.  The stock market is back, bringing with it the net worth of the boomer generation, who controls 80 percent of the financial assets in the United States. 

If you own a one level, low maintenance home…you are already sitting in tall cotton…but you can do some simple things to sweeten the pot even more…if you know what to emphasize and what needs to be done.

Capitalize on the needs of the 65+ year olds, who are looking for place that they can grow old in.  They are naturally drawn to homes that are easy and safe to live in, even if managing stairs and home maintenance is hard to do.

  • Replace door knobs with levered handles.
  • Replace knob-type plumbing fixtures and cabinet pulls with levers or open handles.
  • Today’s house only needs one bathtub.  Offer at least one,  barrier free shower on the main floor, even if means taking out a bathtub.
  • Put a laundry room on the main floor, even if you have to eliminate a closet or half-bath to do so.
  • Consider making entryway staircases longer and more gentle.  Create an option to add a wheelchair ramp to one side, if needed.
  • Consider adding grab bars in glass enclosures or  if your bathroom has wide open space.
  • Replace carpeting with tile, hardwoods or laminate flooring for easier maintenance, durability and a smoother surface.
  • Provide ample indoor lighting and don’t forget the outdoor security lights.
  • Provide outdoor handrails on stairs, inclines or wherever necessary

Marketing Insight:  Most home improvements, suggested above, offer easy living appeal for all ages.  Just because your house is senior friendly doesn’t lessen the appeal to everyone else, but always be tactful.  Design two InfoSheets for Buyers.  Offer one in a standard format and create another that highlights senior-ready amenities.  

InfoTube.net believes that 2011 will be a better year for home sellers, if they know how to reach and appeal to today’s buyer.  Visit our website for tips, insights and a FREE home listing!  What do you have to lose?  Did we mention we also offer a low, flat fee MLS listing package for home owners???

Winter Home Sales Tips

Tuesday, January 25, 2011 posted by Tommi Crow

   Seller’s often wonder if they should take their home off the market during winter.   My answer is usually “NO”.   Seller’s expend a lot of money and effort to get a home ready for sale and it does no good if the property isn’t on the market.   And, while there are fewer buyer’s during winter, there are also fewer homes for sale.  

But, if you’re still debating…consider the following:

  • Winter, spring, summer or fall…if you’re priced above the rest of the market, your home will help sell the well priced listings, but not yours.
  • There is less competition from competing homes during winter and less inventory benefits sellers’.
  • Buyer’s who are househunting during winter are serious and truly motivated.
  • Interest rates trend lower during winter months, when loan demand is low.
  • Gardens and landscape don’t look as appealing in winter.   If your home won’t exactly win “yard of the month” during summer…a snowy winter may actually level the playing field for you.
  • Don’t believe that if you pull your home off the market during winter, you can bring it back in the spring as a new listing.   No one is fooled by this trick.  Your listing will still appear as canceled and relisted in the MLS.
  • If it’s not on the market, the right buyer may come and go.

Thank you for visiting InfoTube.net FREE homes for sale and rent listing website.  Visit our site for free tips, questions and answers, marketing products and more.  We’ve been helping home sellers through market ups and downs since 1989 and we can help you, too!!!

Where will the Next Real Estate Boom Occur?

Wednesday, October 27, 2010 posted by Tommi Crow

  Where will the next real estate boom  happen?  According to research conducted by Patrick Doherty, of the New America foundation, it will likely be right in your home town.

The Great Recession has highlighted a fundamental change in what consumers do want: homes in central cities and closer-in suburbs where one can walk to stores and mass transit. Such “walkable urban” real estate has experienced less than half the average decline in price from the housing peak. Ten years ago, the highest property values per square foot in the Washington, D.C., metro area were in car-dependent suburbs like Great Falls, Virginia. Today, walkable city neighborhoods like Dupont Circle command the highest per-square-foot prices, followed by dense suburban neighborhoods near subway stops in places like Bethesda, Maryland, and Arlington, Virginia. Similarly, in Denver, property values in the high-end car-dependent suburb of Highland Ranch are now lower than those in the redeveloped LoDo neighborhood near downtown. These trend lines have been evident in many cities for a number of years; at some point during the last decade, the lines crossed. The last time the lines crossed was in the 1960s—and they were heading the opposite direction.

There are some obvious reasons for the growing demand for walkable neighborhoods: ever-worsening traffic congestion, memories of the 2008 spike in gasoline prices, and the fact that many cities have become more attractive places to live thanks to falling crime rates and the replacement of heavy industries with cleaner, higher-end service and professional economies.

But the biggest factor, one that will quickly pick up speed in the next few years, is demographic. The baby boomers and their children, the millennial generation, are looking for places to live and work that reflect their current desires and life needs. Boomers are downsizing as their children leave home while the millennials, or generation Y, are setting out on their careers with far different housing needs and preferences. Both of these huge demographic groups want something that the U.S. housing market is not currently providing: small one- to three-bedroom homes in walkable, transit-oriented, economically dynamic, and job-rich neighborhoods.

Thank you for visiting InfoTube.net for real estate.  We have provided marketing and sales assistance for owner, builders and real estate agents since 1988.  We can certainly help you with your sale, too.  Visit our site for details and Free Offers!!

    While Wall Street wrings its hands and pulls its hair over the banking problems and foreclosure moratorium, home seller’s and home builder’s have a BIG reason to celebrate.  Their competition dropped the ball!!!

The moratorium on foreclosures effectively removes ONE THIRD of all the homes For Sale from the market!!   33 Percent of the competition is GONE!!!   For how long, we don’t know…but, we do know that this is a RARE opportunity and all property seller’s should take full advantage of it.

What can home seller’s and builder”s do to take advantage of the Bank Error?

  • Realize that Time is of the Essense!  The banks will work hard and fast to get their inventory back on the market.  And, when they do, they will no doubt offer special incentives that individual seller’s can not compete against.  The clock is ticking…….
  • Price Right and Show Well!   If your home is priced right against its remaining competition, and it is staged, depersonalized and shows well, Your House Will Sell.
  • Marketing to the Masses is Key!    The MLS sells over 90% of all the homes in the United States.   If your home is not on the MLS, your chances of selling are less than 10%.   If money is tight, know that you don’t have to pay 6% for an MLS listing.  You can purchase an MLS listing for your Home for only $399.

                                                                     

InfoTube.net believes that “a bank moratorium on foreclosure competition” is a very unique opportunity and the window is open for a short period of time, only.   We are here to help you . “The clock is ticking”.  Don’t let this unbelievable opportunity pass you by!! 

                                                                 

Student Housing Maybe a Good Real Estate Investment

Thursday, September 30, 2010 posted by Tommi Crow

By Jennifer Waters

MarketWatch

(MCT)

CHICAGO – The housing market is still in the tank and doesn’t seem likely to emerge anytime soon, but there are investment opportunities in one segment: student housing.

It’s not a risk-free proposition, and it’s far more management-intensive than conventional multifamily properties. But student housing has a long history of growth and stability and promises to repeat the pattern as college enrollment stays on its upward trajectory.

“Demand and supply conditions for housing are bad,” said David Stiff, chief economist with Fiserv, which publishes the Case-Shiller Home Price Index. “But in college towns, demand conditions are slightly better. There’s a stable source of new demand every year.”

There are at least three paths to investment in college towns: individually; in a partnership, or as a shareholder in one of two publicly traded real estate investment trusts, American Campus Communities Inc. and Education Realty Trust Inc.

An initial public offering is on deck for a third, Campus Crest Communities Inc., which expects to list on the New York Stock Exchange under the symbol “CCG.”

REITs focused on student housing have become investment magnets for large pension funds. Some bigger syndicates have partnerships with larger funds. Campus Advantage Inc., one of the nation’s largest private student-housing companies, is managing and helping to develop properties for the California Public Employees Retirement System.

“Comparable to other similar product-type investment opportunities, student housing is a really good investment,” said Michael Orsak, vice president at Campus Advantage, which manages and owns 50 properties across the U.S., mostly in the Southeast, Midwest and Texas. The industry measures its size based on beds. For Campus Advantage, that translates into 30,000 beds.

“These investments return pretty stable cash-on-cash yields going in and should continue to hold up in the long term vs. other similar product types that might have larger peaks and troughs in occupancy and rental-rate growth,” he said.

Orsak said most institutions can expect a cash-on-cash yield in the first year at 8 percent to 9 percent. “I don’t know where a pension fund can find that today in the stock market or bonds,” he said.

Though markets differ by campus – large public universities have steady enrollment; smaller schools are growing exponentially – the national statistics on enrollment are strong.

In 2010, a record 19.1 million students were enrolled in two-year and four-year colleges and universities, a 25 percent jump since 2000, according to the National Center for Education Statistics. That underscores a consistent uptick in enrollment that is expected to continue – albeit at a slower pace – until at least 2018, as the last of the baby boomers’ children reach college age.

Coupled with the recession, which has prompted many to go back to school for second and advanced degrees, enrollment in post-secondary schools has rarely been so robust.

Moreover, today’s students aren’t living in the kind of housing their parents once inhabited. Many are leaving a home where they had their own bedroom and bathroom, a separate family or media room and amenities either at home or nearby. They expect the same when they leave campus – and parents appear willing to pay for it.

Campus Crest, which owns and manages 27 properties, or 13,580 beds, boasts of its amenities in its initial public offering prospectus. All of its properties – which, like Campus Advantage and ACC, are considered Class A – offer what Campus Crest calls “bed-bath parity,” or a private bathroom for each student.

The Campus Crest properties all have Internet access, a full kitchen with up-to-date appliances, washers and dryers inside each unit, ample parking and a broad array of other on-site amenities, such as “resort-style swimming pools, tanning booths, basketball and volleyball courts, game rooms, coffee bars and community clubhouses with regularly planned social activities.” Plus they’re all fully furnished.

“We strive to offer not just an apartment but an entire lifestyle and community experience designed to appeal to the modern-day college student,” according to the IPO documents.

Education Realty Trust takes a similar, resort-like approach to its owned and managed properties, which consist of more than 37,800 beds in 22 states, with a high concentration in Florida and Georgia.

All of these perks cost money, of course, and the monthly price on a student apartment is generally about 10 percent to 20 percent higher than a traditional apartment.

“The tenants are not constrained by real-life economics because, of course, they’re not footing the bill,” said Joung Park, an analyst who covers ACC for investment researcher Morningstar Inc.   Typically the parents are paying the lease, lessening the chance of default.

Thank you for visiting InfoTube.net today.  Click the link to view fabulous properties, post a Free listing, download Free legal forms and much more!   You can also “Friend”  Infotube.net for Real Estate on Facebook.  We post daily news, tips, insights and humor about all things real estate.  It’s a fun and easy exchange for real estate lovers.

How to Get Rid of an Ugly Swimming Pool

Monday, August 30, 2010 posted by Tommi Crow

Paul Bianchina
Inman News

Q: I found a house I would love to buy, but the problem is it has a pool. I would love to get rid of the pool and just plant trees in the back, but friends tell me the value of the house would fall.

I don’t care; I had a pool once and it took too much effort to take care of — and nobody used it. My husband says it is so easy — he would just put dirt in the huge hole. Is it that easy? –Zein G.

A: You certainly can fill in the pool, but it’s a little more involved than just filling it with dirt. First, you need to disconnect all of the plumbing and electrical wiring associated with the pool and its support equipment. This is something that should be done by licensed professionals — especially the electrical wiring.

From there, you would want to break off the upper portion of the pool itself — the tile, concrete, etc. — down a couple of feet. That will get any of the hard surface around the top and upper edge of the pool out of the way so that it doesn’t eventually begin to show above ground again. Now you can proceed with filling in the pool itself.

To prevent dangerous settling, filling in the pool needs to be done in a succession of layers, known as “lifts.” Dirt and rock would be placed in a layer on the bottom of the pool, then compacted. Another lift of dirt and rock would be added and compacted, etc. The final lift would be all topsoil, allowing for the placement of new landscaping.

You will definitely want to talk with an experienced, licensed excavator about the exact steps required for your particular situation, and also get a bid for the cost of the work — preferably before you make your final purchase decision. You’ll also need to check with your local city building department to determine what permits might be required.

As to the purchase and the value of the house, you stand to take a hit in three different areas. You’ll be buying the house based on its value with a pool, a value that will then typically decrease when the pool is removed.

And, you have the expense of the removal and the new landscaping. I would discuss this with a real estate professional who’s experienced with your area, and make sure this makes financial sense.

Finally, be aware that the removal and filling of the pool is something that will need to be disclosed to a future buyer when you go to sell the home, and could have a potential impact on a future sale.

Thank you for visiting InfoTube.net a FREE homes for sale website!!   Ask us a real estate question…we will answer!

How Much Does It Cost to Sell a Home?

Monday, June 14, 2010 posted by Tommi Crow

Whether or not you use a real estate agent, the process of selling a house will involve certain costs. 

Please note that some of the figures used in our examples will vary depending on the state or county a house is sold in, as well as the settlement company used and any other unique provisions that may be contained in a contract of sale. Additionally, the real estate broker commission is typically 6 percent of the sales price, but it is not a set amount.  It is a sales expense negotiated between individual sellers and brokers.   For the purposes of our example, a $250,000 sales price was used. 

Transfer taxes

As you might expect, most state and local governments make sure they profit when someone sells a house.  In most states, one-time transfer taxes will be due when a sale takes place.  It is customary for transfer taxes to be split 50/50 between the buyer and the seller, but there is no set requirement that they be divided in that manner.

Some states, like Alaska, Idaho, Indiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Oregon, Texas, Utah and Wyoming, have no transfer taxes at all. In other states, Colorado for instance, the transfer tax is nominal – the state charges only one tenth of 1 percent ($40 on a $400,000 house) in transfer taxes. The so called “Free State” of Maryland falls on the other end of the spectrum with some of the highest transfer taxes in the nation.

Commissions

As we stated earlier, real estate commissions are not a set amount. They are a point of negotiation between the seller and the broker. For illustration purposes here, we are using the industry standard of 6 percent, or $15,000 on a $250,000 sale.

Another seller expense you may run across in some area’s is a listing broker administrative brokerage commission.  It’s usually adds another $250-$500 expense on top of the 6 percent commission fee.  The seller will see it as a separate expense on their closing statement.  So, what is this fee for? By law, brokers must keep records of all their real estate transactions for a period of years. And they must produce those records if asked for them.  Although it’s a ridiculous added on fee, the listing broker administrative brokerage commission is an expense passed along by some brokers to help defray the cost of this requirement.

Settlement fees

The buyer is responsible for hiring the settlement or title company to perform closing, so the buyer will usually pay most of the fees associated with settlement. But, the seller does have some settlement expense.  If the seller has an outstanding loan on the property, the settlement company will take care of paying that loan off out of the sales proceeds. They’ll charge something for the service, plus the cost of overnight fees to quickly get the loan payoff to the mortgage holder. In our example here, we’ll use $250.   And, since interest in collected in arrears, the seller will be responsible for any interest charges that accrue after the last payment thru the day of closing.

The Bottom Line

If you sell your house for $250,000, you can probably expect to walk away with around $230,000 after taxes, real estate commissions and fees.  If no real estate commissions have to be paid out, the seller could expect to walk away with approximately $245,000.  The real number will depend on exactly what it says in the sales contract and where the property is located.

Thank you for visiting InfoTube.net homes for sale and rent website.  We have over 20,000 active home listings on our website.  Please take a moment to search for great deals, often seen no where else on the web.

Top 10 Cities Where Owning a Home is Cheaper than Renting.

CITY RATIO AVG SALES PRICE AVG RENT
Las Vegas, NV 11 $128,815 $983
Phoenix, AZ 10 $100,535 $883
El Paso, TX 10 $95,388 $770
Miami, FL 8 $189,566 $2019
Arlington, TX 8 $72,422 $789
Fresno, CA 8 $90,446 $870
Jacksonville, FL 9 $92,446 $870
Mesa, AZ 9 $71,377 $697
San Antonio, TX 8 $89,068 $884
Minneapolis, MN 8 $153,844 $1700

Are you considering a home purchase?  Are you currently renting?  Have you considered buying a rental property as an investment?  

The Rule of 15 is a quick an easy tool for determining if a property is cheaper to rent than to own….CLICK HERE  to find out how much to pay for a property based upon the annual rents.    

Thank you for visiting InfoTube.net homes for Sale and Rent FREE website!!  Place a FREE Property listing or Search our Site for Great Deals in Complete Privacy!!

What Fickle Homebuyers Want…Today!

Thursday, May 27, 2010 posted by Tommi Crow

Homebuyers are a very fickle bunch.  Home features and ammenities that were once “expected” have now become yesterday’s news.   So, what is it that makes today’s homebuyer salivate???   Some of the answers may surprise you, as buyers return to their roots…

Click Here to See the List of What is In…and What is Out!

Thank you for visiting InfoTube.net homes for sale and rent website.  Take a look at over 20,000 Seller to Buyer properties on the market now!  No dead links, no pop ups and no registration required!!!

Purchasing a For Sale by Owner property has a number of unique benefits that all buyers should be aware of.    Too often, buyers don’t consider fsbo listings because they are working with a real estate agent.  They are unaware that most builders and owners are willing to work with buyer’s agents and many advertise their homes on the local MLS.  If you are in the market for a home and you are not considering “by owner” listings…you could be missing out on some great deals.   Here are a few of the Advantages of buying a For Sale by Owner home.

Save Thousands on Commissions and Fee’s

When purchasing a home listed by a traditional listing broker, a 6 percent commission is factored into the seller’s asking price.  Buyers often think they aren’t paying the listing commission…but in fact…the agents $6000 cut is included in every $100,000 of the asking price.   When a homeowner or builder sells their own property, they pay no commission or a much smaller 3 percent to the buyers agent.  This substantial savings can be passed onto the buyer, who can now afford more home or get the same home for less money.

Easy Appointments to View

If you want to look a home listed with a full service broker, you have to schedule all appointments through the listing broker.  The listing broker then has to contact the owner and the buyer agent to schedule a time to look inside the home.  This process can often be inconvenient or sometimes aggravating depending on the time lapse in getting everyone on board.   When dealing directly with the seller, there is no need to go through other people to schedule a tour.  The seller will look at his schedule and immediately give you the date and time, making the entire buying process much simplier.

Negotiating the Offer

When purchasing directly from the property owner, negotiating the offer can be much easier, too.  Typically, the buyers agent first presents the offer to the listing agent…then, the listing agent makes an appointment to relay the offer to the seller.   If the seller makes a counteroffer, the whole procedure is reversed back through both agents making the whole process take a lot longer than it should.   When making an offer directly with the seller, the middle men are eliminated, which increases the odds of putting together a deal that works for both parties….and does so in record time.

InfoTube.net has over 20,000 properties listed directly by owner or by builder.  We encourage buyers to seriously consider these properties, whether you are working with an agent or not.  Working directly with the owner has many distinct advantages and benefits….no drawbacks. 

UP the Odds of Selling Your Home this Spring

Tuesday, April 27, 2010 posted by Tommi Crow

   

Every single home seller can Up the Odds of Selling their home this season.  And, best of all…we aren’t recommending  lowering your price….

To learn how successful seller’s got the job done this spring…CLICK HERE….for details with Before and After Photo’s.

Thank you for visiting InfoTube.net.   Homes that have languished on the market in the past are now Under Contract!!!  If you need help selling your home, we are here to help you!  Call 1-800-858-6000 or visit our site today.

Fannie Mae Entices Borrowers’ to Move Out

Monday, April 19, 2010 posted by Tommi Crow

Fannie Mae is dangling a new carrot under the noses of deliquent borrowers…if they agree to turn over their deed in lue of foreclosure…they will be eligible for a new mortgage in two (2) years versus the four (4) year present waiting period.

In addition, borrowers who lost their home due to “extenuating circumstances” beyond their control will be able to qualify for financing with as little as 10 percent down after only 2 years.  Circumstances such as job loss, illness or divorce are considered “beyond ones control”.

Bankruptcy and foreclosure damage millions of borrowers’ credit scores, leaving most unqualified for another mortgage for years.  Fannie Mae requires that borrowers resestablish credit for a five (5) year period in the case of foreclosure.  The minimum wait for borrowers who filed for bankruptcy protection is currently 2-4 years depending on whether the borrower filed under Chapter 7  (4 years) or Chapter 13 (2-4 years) depending on circumstances.

Thank you for visiting InfoTube.net Homes for Sale and Lease Website.  Place a Free property listing or search our database for thousands of great deals on real estate.