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Posts Tagged ‘housing market’

outdoor built in seating   This years #1 favorite home improvement is an Outdoor Living Room.   Homeowners, feeling more confident in the value of their homes, are remodeling and making improvements like we haven’t seen in years.   This year, creating an outdoor living space, is the hands down favorite project for DIYers and professionals, alike.

outdoor living arbor

Must Have/Wish List Features for Outdoor Living:

  •  Arbor. Arbor. Arbor. 
  • Built in seating with cushions
  • Firepit or fireplace
  • Grilling or Kitchen area
  • Drapes for shade and ambiance
  • Dining area
  • Water Feature
  • TV or Projection screen

outdoor living drapes

Consider adding some outdoor life to your dull backyard or builder slab patio.  You not only create more space, economically, you create a whole new spot to relax and entertain.

Thank you for visiting InfoTube.net.  We have been helping homeowners market their houses for nearly 25 years and we can help you, too.  All our products are proudly Made in the USA,

10 Tips for Finding Your Perfect Home

Wednesday, July 10, 2013 posted by Tommi Crow

10 Tips for Finding the Perfect Home

Buying a home can be stressful and exciting all at the same time. It’s quite the adventure! We recently purchased our second home and I found a few tips very helpful while searching for the perfect home for my family.

1. Figure out what your ‘perfect home’ looks like. Write down on a piece of paper all of the things you must have in your new home, things that would be nice to have and things that don’t really matter.

2. Purchase a home that stays in budget. Make sure to get pre-approved for a loan before going out to look at houses. It will make the buying process much easier and you will know which houses to look at.

3. Bigger isn’t always better. While we all dream of having a huge mansion, it’s good to think about what will be best for your family. Figure out how many rooms you need to fit your family comfortably and look in that range.

4. Think about remodeling. Many homes you will look at may not be in the best condition, but think about the potential of the house. Would painting and new wood floors turn it into your dream house? How about a kitchen or bathroom remodel? There are many easy fix-ups such as adding new light fixtures and painting that can turn your house into the perfect home.

5. Location is important. Check the surrounding area of the home. Drive around the 2 mile radius to see what is around your home. Make sure it is in an area you feel comfortable with. Find out what school district you’ll be in. Even if you don’t have kids, you may want to think about the school district you live in for resale. You may also want to take the commute to your work and see how long it will take you.

6. Do your research. Research property values in the area. Stalk your neighborhood and find out what it’s like at all times of the day. Is it a family friendly neighborhood? You could even knock on the neighbors’ doors before buying.

7. Do a home inspection. The home inspector will look at everything in a home and give you a non-biased opinion. They will also tell you the true value of the home you are looking at. It’s better to spend a couple hundred dollars doing a home inspection than finding out the house had several problems.

8. Picture your family living in the house. When you walk into the home, can you picture your family living there? Does it have a good feeling? Picture your family living in each room and see you how feel.

9. Leave room to grow. Make sure your ‘perfect home’ has extra storage and gives you room to grow.

10. Don’t put your expectations to high. Realize that most houses aren’t perfect to begin with. Even if you are building your dream home, there are always things that could have been different. Be flexible. Once you move in and add your own style it will soon become your dream home.

InfoTube.net has thousands of Homes for Sale.  Please search our site for listings seen no where else on the web.  Thank you for reading our Blog and if you Love Real Estate…LIKE InfoTube for Real Estate on Facebook.  We post really cool things every day.

Housing Outlook for the Next 6 Months

Tuesday, June 25, 2013 posted by Tommi Crow

The real estate market was overheated during the first 6 months of 2013.  Low home inventory, record low interest rates and the lack of new construction were to blame for the unsustainable, rapid price increases and multiple bidding wars for properties. 

5 Reasons we do not feel the hyper-inflated housing market will, or should, continue. 

  1. Rising Interest Rates – Interest have risen sharply in the past few weeks and the trend continues up.  Current rates will slow the number of homebuyers and speculators that are coming into the market during the next 6 months.
  2. Marginal buyers have been priced out of the market due to bidding wars, rapid price increases and higher borrowing costs.
  3. Wall Street and large investment groups are curtailing their buying.  One-third of all homes purchased this year were Cash sales.  This translates to heavy investor buying, which will slow down going forward in 2013.
  4. Shocking run up in home prices are not sustainable.  In May, home prices were up 12.1% on average.  This brings home price levels to a 5 year high.  Pricing is now at a point that many of the short term gains have been realized, and the market will fall back to more normal levels.
  5. Realtors and builders report that inquiries and calls from new customers is down 11%, so far for June. 

Summary:  We feel that the housing market was under valued at the start of 2013, but a frenzied market chewed through much of the low hanging fruit.  With rising interest rates, and increasing inventory levels, we see a move to more sustainable and healthy growth moving forward.   It is still an excellent time to buy or sell.   Inventory levels will increase, but they will remain on the low side throughout the year.  Interest Rates are still at historic lows and price increases, although impressive, leave the average home price far below levels seen in 2006 and 2007.    

Thank you for visiting InfoTube.net

6 Reasons 2013 is a Home Sellers Market

Wednesday, January 23, 2013 posted by Tommi Crow

Prices for existing homes rose another 7.7% in the month of December.  For our customers who have been patiently waiting for the market to favor sellers, instead of buyers…the tables have finally turned. 

Why is the housing inventory so low in 2013?

The Wall Street Journal writes a good article on this, pointing to six reasons:

1. Many homeowners are underwater, and thus can’t sell.
2. Homeowners with equity in their home don’t have enough of it to “trade up” to buy a bigger and more expensive  home.
3. Everyone wants to buy at the bottom, but few want to sell when they feel their home will be worth more next year.
4. Investors – from mom and pop and corporate investors have come out and become landlords, taking property that normally would be on the market into the rental realm.
5. With the foreclosure fiasco, banks have been slower at foreclosing homes.
6. There’s been a lot less construction of new homes by home builders.

What does this mean for home sellers?

1.   Advertising your property on the MLS and Realtor.com has never been more crucial to reach qualified home buyers.  Realtors and homebuyers are searching for new listings, daily, because there is nothing on the market that fits their needs.  If your home does not appear in these real estate search engines, chances are that no one will ever know your home is for sale and you will miss your window of opportunity.

2.   Holding an Open House on the weekend is a great way to get people who see your listing online  into your home for an actual showing.

3.  Place a FREE listing on InfoTube.net.  InfoTube is visited by thousands of people daily who are looking for “by owner” property.

4.  The homes that are flying off the market are the properties in the best condition, location and they are priced right, ready to sell.  Homebuyers will not look at a house that is overpriced, hoping to negotiate back and forth.  They are buying homes that are reasonable to purchase and are ready to move into.

5.  Keep your InfoTubes and InfoBoxes full of flyers.  We receive calls from buyers everyday who want more information, but the container is empty.  Be sure to keep a back stock of brochures on hand in time of high traffic.

Home sellers should act quickly to take advantage of the present market conditions because they will not last.   Home inventory levels will increase as home builders react and start more new homes.  Banks will quickly work there way through millions of foreclosures that are still sitting in limbo.    And, home buyers are snapping up houses right now to lock in low interest rates and low home prices.   If you want to sell your home for the most money, in the least amount of time, you should act aggressively.  Time is of the essence.

Thank you for visiting InfoTube.net.   Post a free property listing on our website.  Search for thousands of homes for sale seen no where else.  Buy an InfoTube or InfoBox to market your property..nothing beats providing a brochure about your home, instantly to a prospective buyer.   Put your property information in front of millions of internet home shoppers and real estate agents with our low cost MLS and Realtor.com listing packages.   Whatever you need to sell your home….we have you covered since 1988.

2013 Marks Rebound in Housing Market

Monday, January 14, 2013 posted by Tommi Crow

    InfoTube is bullish on housing in 2013 and here are a few reasons why.

Home prices rose 7.5% last year, largest increase in six years.  Total number of  homes sold increased 6% last year, to 4.2 million, marking the first increase since 2005.  The same forces that helped propel prices last year will be in play this year, including improved housing demand fueled by good affordability, fewer foreclosed homes for sale and a low inventory of unsold homes.

Trends that will Boost Home Prices Again in 2013

  • The Fed feeds housing rebound in 2013.  Interest rates for mortgages are at historical lows, making monthly payments affordable than renting for millions of families. 
  • The rate of new foreclosures has fallen to normal, pre-bust levels. 
  • Banks have cleared a lot of bad debt off the books and rising home prices will loosen up their purse strings.  Expect loans to be easier to come by in 2013.
  • Stronger job growth will drive more housing demand as people living with friends and relatives move into their own homes.
  • Increasing rents and lack of desireable rental inventory will push many tenants out the door and into a home of their own.
  • Investors are snapping up distressed property, rehabbing and flipping it.  This means higher average home sales prices and fewer homes vacant or in disrepair.
  • Rising home prices will increase borrower equity in their homes.  This means that few people will be interested in walking away…or requesting a short sale.
  • The Fiscal Cliff settlement left housing tax benefits in tact.  Mortgage interest deduction, property taxes deductions, depreciation schedules and one time tax free home sales were left in tact, making real estate one of the few remaining tax havens for the average working American.
  • Rising home prices will allow more sellers to list their homes and sell near the asking price.
  • The supply of homes for sale fell to 4.8 months in November, the National Association of Realtors says.  That’s the lowest level in more than seven years.  Realtors consider a six-month supply to be a balanced market between buyers and sellers.
  • Market researcher, Corelogic, calculates that home prices will increase 6 percent in 2013.
  • According to a December survey of 105 real estate experts and economists by real estate company Zillow, home prices will rise 3.1% in 2013. 

All the evidence stacks up to make a good year for real estate in 2013, whether buying or selling.  If you have been waiting for the market to improve to sell your home, the time is now.  If you have always wanted to own a home of your own…the odds are stacked in your favor, too.  

Thank you for visiting InfoTube.net.  Place a Free Property listing, advertise your home on the MLS or Realtor.com, follow InfoTubes very popular Facebook page for up to the minute news and home improvement idea’s that you won’t see anywhere else.

Proof the Real Estate Market Has Turned Around

Wednesday, September 12, 2012 posted by Tommi Crow

The cover story for the September 10th weekly magazine Barron’s is on the recent surge in real estate and how the rise in property prices is no fluke.  We agree with the many experts and professionals that believe the recovery is real…and that is will continue in the foreseeable future. 

First take a look at the chart below.  You can see that housing starts (crucial to rebuilding our economy) bottomed in 2009 and have been trading in a healthy base pattern for 2 years.  In February of 2011, we finally started moving up off the bottom and the trend is continuing.

We all know that real estate can not thrive in an environment where lenders will not lend money.  Tracking real estate loans is a good indicator for the future direction of housing.  As you can see in the chart below, there has been a dramatic increase in lending, which has pushed the housing market higher over the past year.  We believe this trend will continue and will improve as lenders work there way past non-performing assets and bad loans liablities.

Finally, we show a chart of home prices since 1991.  The chart shows that home prices are certainly on a sustainable upward trend, since the 2006 crash.

 

In conclusion, we believe conclusive evidence shows that there is immediate long-term opportunities for homebuyers and investors in the housing market.  InfoTube is BULLISH on housing and the stocks of home builders, some REIT’s and home improvement giants like Home Depot and Lowes Hardware.

Thank you for visiting InfoTube.net.  We are Made in the USA manufacturers of the InfoTube and InfoBox real estate marketing tools.  If you have a home to sell…you need this product.  Exposure is everything in this market!!!  Show and Sell! 

Thanks to Barrons and Seeking Alpha for giving us facts and charts for this story.

New Rules for Comparable Sales and Apprasial Info

Wednesday, August 29, 2012 posted by Tommi Crow

The real estate meltdown has changed many things about the way we think about real estate and property values.  

Recently, we watched 3 home sales close in the same neighborhood.  Typically, the price per square foot and price range for all 3 homes would be similar…given that the ranch style homes were of similar age, size and were located in the same small neighoborhood.    What we learned today was that the 3 homes sold in a range from $200,000-$400,000…or from $100-$200 a square foot.  

The vast difference in the prices tells us a story about why comps (or comparable sales data) is not the indicator of true value that is has been in the past.   Today, we have essentially 3 housing markets, thus 3 price ranges in every neighborhood. 

    First, we have the bank owned home that sold for $200,000.   This is the home that no one cares about.  The lawn is 2 foot tall…the air conditioner has been pilfered through for copper and spare parts, the appliances have been stolen and the home has been abandoned.     This property was purchased by a rehab company, who will put a lot of money into its restoration, then resell it for a profit, at an estimated $400,000.

   Second, is the home that sold for $300,000, but, far short of the loan balance owed against it.  This house was always lived in and had never been vandalized, but all maintenance had been deferred and no updating had taken place in years.  The seller knew they were losing the home and had no money available to properly maintain the residence.    This home was sold to a young couple who didn’t mind doing some cosmetic work in order to save money. 

The third home located right around the corner from the other two closed for $400,000.  This home was meticulously maintained.  The interior and exterior had been upgraded with high end finishes and colors.   The home was move in ready.     The only thing this move up buyer had to do was unpack their personal belongings and enjoy themselves. 

As these 3 properties illustrate, we have 3 different real estate markets developing across the USA.    Typically, homes in the same neighborhood were very similiar to one another, so sales data was easy to compare.  Today, there may be 3 distinct markets in every neighborhood, so beaware that price ranges can vary greatly.  

If you are attempting to value property today, you must look at the category your home is in…ranging from bank owned/abandoned to high end/move in condition to determine the average price per square foot in your neighborhood.   Eventually, all this upheavel will work itself out… and houses in a neighborhood will once again be more similiar than different…but until then, make sure that you compare apples to apples when buying or selling

Thank you for visiting InfoTube.net.  Visit our website to place a FREE home listing, view great deals on all types of property, place an MLS listing or feature your property on Realtor.com.

                If you think that the world will not end in your lifetime, then this condominium project is probably not for you.   But, it is definitely an interesting project, nonetheless.

A score of billionaires have recently caused a run on condo units at the Survival Condominiums project based in Kansas.  The facility is built deep underground in an old, 1960’s nuclear missile silo, and is said to be self-sustaining in the event of a nuclear attack. 

A few of the Doomsday ammenities include:

This project offers is much more than just a “Survival Condo Unit”.   This “Package” includes mandatory training, a five-year per person food supply, fully furnished and custom designed interior, special equipment for registered members, computer access to condo systems, and much more. Only a portion of the total fee is for the actual Survival Condo Unit. 

Each Full-Floor $2 Million Dollar Unit Includes these Key Features:

  • Approx. 1820 sq. ft. of Living Space (accommodates 6 to 10 people)
  • High-end floor and trim packages of your choosing.
  • 3 Bedrooms, 2 Bathrooms, Kitchen, Dining room, and Great Room.
  • LED Big Screen TV in every unit.
  • State-of-the-art Kitchen: Stainless steel kitchen appliances include refrigerator, dishwasher, dual-fuel (electric & propane) professional range, wall oven, professional ventilation hood, wine cooler or beverage center. Granite or custom concrete countertops.
  • State-of-the-art energy efficient washer and dryer in each unit.
  • Built in recessed full spectrum LED lighting.
  • Kohler bath fixtures and jetted Jacuzzi tub in each master bath.
  • Digital HVAC controls.
  • State-of-the-Art Home Automation System with structured wiring throughout including closed circuit security system camera viewing, public address/intercom system, digital weather station access, smoke and carbon monoxide detectors, satellite TV feeds, public and private Internet access.                             
  • Outdoor “simulated view” window in each unit. Window simulates “Life-Like” outdoor views complete with varying light levels that reflect time of day, creating a normal living experience as if you were above ground.
  • Biometric Key locks (you won’t need to worry about losing a key).
  • Elevator and Stairwell Accessibility to all Units.
  • The $1 million units offer the same ammenity with the half the square footage and serve 3-4 people.

    The infrastructure also offers features and ammenities to shield owners from armageddon.  

  • The Missile Silo is capped by a type of monolithic dome known as a Torus. This dome is capable of withstanding winds in excess of 500 MPH, well beyond the winds of the most powerful F-5 Tornodos which produce winds up to 300 MPH.
  • The air supply for the entire facility is filtered by Nuclear, Biological, and Chemical (NBC) filters and the physical air intakes are protected by what are known as blast valves. Blast valves function to prevent an overpressure air wave created by a nearby explosion from entering the facility and killing those inside.
  • The facility has a military grade security system that includes visible spectrum cameras, infrared cameras, proximity sensors, microphones, trip sensors, passive detectors, as well as confidential defensive systems both automated and manually operated.
  • The facility has two floors of hydroponic gardens that will provide fresh produce as well as an aquaculture system designed to provide fish for food.
  • Additional amenities include a minor medical/surgery center, an indoor pool with waterfall, a workout room, a home theater, a classroom & library, pub & game room, bulk storage, walk-in freezer, elevator, security & communication control center, spare parts, machine shop, high-speed fiber optic network, both online and offline Internet and computer communications.
  • And, finally, there is a full-sized pool featuring a massive wall mural and curved ceiling to enhance the feeling of space and height.  
  • Of course, there will be plenty of guns and ammo, too.  

If you think that this project is just a dream of a crack pot…think, again.  The developer, Larry Hall, reported that every one of the $2 million full-floor units have been sold…and only a few of the $1 million, half floor units are still available.   Doomsday Prophets with an extra $1 million on hand may want to inquire today.  Evidentally, these units are selling like there is no tomorrow :)

Thank you for visiting InfoTube.net.  Visit our website to learn about all the marketing tools we offer to sell your home and save a ton of money.

Nearly 1 in 10 Homebuyers are Foreigners

Tuesday, June 12, 2012 posted by Tommi Crow

   The 6 year slide in U.S.  home prices and the dollar weakness against some currency are driving a property buying binge with Asians, Canadians, Europeans & Latin Americans eager to own a piece of America. 

Plowing money into real estate may sound like a risky venture to many Americans.  But to a growing number of foreigners, U.S.  housing has never seen a smarter investment. 

International buyers accounted for $82.5 billion, or 8.9%, of the $928 billion spent on residential real estate in the 12 month period ended in March, according to a survey released Monday by National Association of Realtors.   (Article by the Wall Street Journal)

How does this news impact your potential home sale and your marketing efforts?  

Simply, if you are not on the Multiple Listing Service (MLS) or Realtor.com, you miss out on 1 of every 10 homebuyers looking for property in your area.   International buyers primarily use these services to locate property and if you’re not listed there…they can’t find you.   

BONUS:   Foreign buyers also pay in CASH .  No Loan Qualifications.  No Apprasials.  No Delays and No Waiting.  CASH NOW!

The cost of listing your home on the MLS or Realtor. com is only a few hundred dollars for a 6 month listing.   The summer selling season is well underway.  Get your house on the MLS and Realtor.com today.  There is no other way to get your property in front of all the homebuyers in the marketplace….and Time is ticking!!!

Thank you for visiting InfoTube.net.  Homes are definitely moving this year.  Don’t miss the season or you may be sitting for a while.  Contact us for help with your MLS listing today.

Big Tax Breaks for Real Estate Investors

Monday, March 26, 2012 posted by Tommi Crow

  With reduced home prices and interest rates near historic lows, affordability levels in early 2012 reached their highest point in 42 years according to the National Association of Realtors.

Not only are homes at record affordability levels, real estate ownership also opens the door to a wide variety of tax benefits and additional savings.

“A recent poll shows that 75 percent of likely voters think real estate tax deductions are appropriate and reasonable,” said Steve DiUbaldo, president of Atlantic & Pacific Real Estate, a full-service real estate brokerage with offices in 22 states. “People understand the value of owning a home and the role played by tax benefits. Combine today’s affordability levels with tax advantages and now is a very good time to consider both residential and investment real estate.”

So what are the biggest real estate tax breaks? For most owners and investors the list of major tax write-offs looks like this:

1. Property Taxes. Real estate owners can write off the cost of state and local property taxes. For many borrowers this deduction can reduce taxable income by thousands of dollars.

2. Mortgage Interest. The IRS defines a home mortgage as “any loan that is secured by your main home or second home. It includes first and second mortgages, home equity loans, and refinanced mortgages.”

Mortgage interest can generally be written off, but not always. The limitation for mortgage interest on a primary and secondary residence is a total of $1,000,000 for acquisition indebtedness and $100,000 for home equity indebtedness. There are lower limits for individuals and those who are married but filing separately.

3. The Standard Deduction. “Everyone is entitled to a standard deduction,” said DiUbaldo. “However, write-offs for mortgage interest, property taxes, mortgage insurance premiums and other costs generally allow real estate owners to justify itemizing expenses and thus larger write-offs.”

4. Mortgage Insurance Premiums. Mortgage insurance allows purchasers to buy with less than 20 percent down. Qualified borrowers can get FHA financing with 3.5 percent down, conventional loans can require as little as 5 percent down and VA purchasers can borrow with zero down. Closing costs are extra.

“In general,” says the IRS, “if you itemize deductions, you may deduct premiums paid for mortgage insurance provided by the Department of Veterans Affairs (VA), the Federal Housing Administration (FHA), the Rural Housing Service (Rural Housing), or private mortgage insurers in connection with a mortgage for the purchase of your main home.”

5. Points. A “point” is a fee to the lender equal to 1 percent of the mortgage amount. Borrowers often have the option of paying points at closing rather than a higher interest rate over the life of the loan. Whether it’s better to pay points or accept a higher interest rate depends on such issues as the interest rate, the number of points and how long the property will likely be held.

In general, a point paid at closing for acquisition financing is fully deductible in the year paid. If a point is paid to refinance a home, the point is deductible over the term of the mortgage, typically 1/30th per year.

6. Investors can claim Depreciation. Depreciation allows investors to take an additional tax deduction because a real estate “improvement” is believed to wear out over time and will need to be replaced.

“Depreciation is an accounting concept,” said Atlantic & Pacific Real Estate’s president. “The investor is not actually spending the cash represented by the ‘cost’ of depreciation and one result is that it’s possible to have an investment property which produces a positive cash flow that is partially or wholly not taxable currently. In certain instances, subject to individual taxpayer limitations, it is even possible to show a loss for tax purposes.”

7. Sale Profits. When a prime residence has been occupied for two of the past five years it’s probable that much or all of the profit will be sheltered from capital gains. With a joint return up to $500,000 can be protected, $250,000 for an individual owner. Example: You bought a home in 1990 for $100,000 and sell it in 2012 for $300,000. There’s a $200,000 long-term profit, none of which is taxed.

If you’re an investor, sale profits are taxed as long-term capital gains if the property has been owned for at least a year. That means long-term capital gains in 2012 are generally taxed at 15 percent.

8. Tax-deferred exchanges: The National Association of Realtors says investors purchased 23 percent of all existing home in January. One reason for such interest is that it’s possible to have tax-deferred real estate exchanges with investment property.

“You can swap one investment house for another, but you can also trade a rental house for a commercial property or a property with four units,” said DiUbaldo. “An exchange can allow an owner to defer capital gains taxes for years if not decades, and swaps are one of the reasons investors come to our website ( www.apreus.com ).”

The Bottom Line: Whether purchasing as an owner-occupant or as an investor, tax rules can powerfully impact the value of your real estate. For the latest information, details and deductions be sure to check with a local tax professional.

As always, we urge you to consult with your own independent Certified Public Accountant as to the appropriateness of any tax deductions for your specific circumstances.   Article by Market Watch.

Thank you for visiting InfoTube.net.  Visit our website for FREE home marketing tools, proven sales aids and MLS and Realtor.com listings

    

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!!!

Banks Bulldoze Foreclosed Homes

Tuesday, August 2, 2011 posted by Tommi Crow

Bank of America has come up with a new tool to deal with its glut of abandoned and foreclosed homes…. a Bulldozer.

Bank of America, the nations largest mortage servicer, plans to “donate” 100 blighted homes in Cleveland, OH and contribute cash toward their demolition.  The bank has a similar plan for 100 homes in Detriot, 150 in Chicago, with 9 more cities to follow.  Wells Fargo, Citigroup, JPMorgan Chase and Fannie Mae are also considering their own bulldozing programs.

  Getting rid of repossesed homes is the biggest headache for US lenders.  1,679,125 homes ( 1 in every 77) are in some stage of foreclosure as of June.    Lenders feel that no one will buy many of these homes and they”re trying to cut their losses.  Bulldozing the problem away means the banks won’t owe property taxes to our floundering cities and it won’t have to pay for repairs, maintenance and upkeep on the property.  In addition, there are some perks for giving away a house.  The banks get a bunch of tax write-offs and best case… they may even get a pat on the back and some nice PR, too. 

The idea of Bulldozing houses is nothing new.  Although the banks are not blowing up homes for alturistic reasons…I think we can all agree that removing home inventory is good for all of us.  In 2010, Warren Buffet advised that “blow up a lot of houses” was a viable option and similar to ‘cash for clunkers’ auto program.  I always thought bulldozing abandoned homes and returning the land to a raw state was a smarter solution than handing out money in the form of a homebuyer tax credit.   The tax credit cost billions of dollars, put money into the hands of a few people blessed with good timing and did little to reduce inventory.

Bankers, why not take the “TNT” strategy one step further.   Donate unwanted houses to local non-profits vs blowing them up?  Make a call to Habitat for Humanity, for example?   I can’t understand why Habitat is still building new homes, when we can’t get rid of the ones that are causing problems in our neighborhoods.   Habitat needs to change their business model with the times and so do our lenders.  Families, who are in dire need now, wait up to 6+ months for a new home to be built and the cost of building from scratch far exceeds the costs of rehabbing properties, in most cases.       

Just my two cents….

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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.

Where Did the First Time Buyers Go?

Thursday, March 31, 2011 posted by Tommi Crow

The lack of first-time buyers is hurting the housing market and their absense is hampering the recovery.

In normal markets, first time buyers make up 40%-45% of all home purchasers.  Since January of 2011, purchases made by first time buyers averages only 32%

Why is this important for existing home sales? 

First time buyers are crucial to the market because they buy starter homes so those owners can step up to a more expensive property.   Despite low mortgage rates and deeply discounted prices, they are remaining on the sidelines…at least for now.

What may be keeping first time buyers out of the housing market?

Some experts point to a hangover from the  Expired Tax Credit of 2009 and 201o, which may have lured buyers into a home sooner than later.   Some point to tighter lending standards and increased down payment requirements.  The best loan terms now kick in with a down payment of 20% or more, which may be very difficult for a first time homeowner.

The Silver Lining — The National Association of Realtors reported that a record 33% of all existing home sales in Febuary were to Cash Buyers.  In some parts of the country, cash buyers accounted for more than half of all the existing homes sold.

Thank you for visting InfoTube.NET a FREE homes for sale and rent website.  Visit our site to view listings or to purchase one of our Made in America InfoTubes or InfoBoxes to help you market your home on the street.

We can also arrange for your property to be shown on your local MLS and/or Realtor.com and all major real estate websites.  CLICK HERE for details.

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???