Check These Out

Posts Tagged ‘housing news’

Not long ago, real estate sales involved hammering a sign in the yard, placing newspaper ad’s and mailing post cards to neighbors.  Today, selling a home requires a huge amount of internet advertising and distribution…which means using great photographs, video’s and social media to boost your properties image and catch a buyer’s eye. 

If you are one of the thousands of  home sellers looking to capitalize on the real estate recovery and pocket maximum profit from your home sale, you have to embrace the internet.  Home buyers use Ipad, tablets, desktop computers and smart phones to shop online and compare hundreds of homes for sale.  Today’s buyers quickly scan through hundreds of listings on sites like Zillow and Realtor.com, looking for that one home that catches their eye. 

To maximize the sales price of your home, consider these 5 tech savvy tools and tips

  1. Use Professional Grade Photography.  A recent study revealed that professional property photo’s increase the perceived value of a home by 13 percent.  Considering that a 13% added value on a $250,000 home equals an increase in value of $32,500, it could well be worth your while to hire a pro.  Buyers are visually oriented, so selling your home has become a bit like a beauty pageant, of sorts.  To increase your sales price, provide the best possible pictures on the internet to grab the buyer’s attention and motivate them to schedule a home showing.
  2. Post a Video Tour on YouTube.  About 20% of buyers search online for home video’s.  Grab their attention by posting a video on InfoTube.net .  We will upload it to YouTube for you, or you can upload toYouTube.com by yourself.
  3. Include a Floor Plan of Your Home.   If possible, include an interactive floor plan that shows how rooms in your house relate to one another.  Interactive floor plans combine the floor plan with professional photo’s and create an exciting shopping experience for home shoppers.
  4. Get Rid of Clutter.  We have all heard this before, but it is amazing at the number of people who do not pay attention to this simple advice.  Buyers are not interested in buying furnishings; they are shopping for a home.  Your house will show much better if it is clean, organized and all personal items are removed.
  5. Advertise on the MLS.   The internet has made it possible for sellers to list property on the MLS and sell it By Owner.  The MLS is the national database of homes that are For Sale.  If your listing is not a part of the MLS, you are missing millions of home shoppers every month, who will never know your house is For Sale.  All MLS listings are distributed to every major search engine for real estate including Realtor.com, Zillow, Trulia, Google, Yahoo and many more.  These websites report buyer traffic in excess of 24 million home shoppers each month.  If you want to maximize your sales price and profit, you have to be on the MLS

Thank you for visiting InfoTube.net.  Please search our website for fantastic deals on thousands of homes for sale by owner, investor and builder.    For more great marketing tips and home improvement idea’s…then be sure to LIKE us on Facebook. 

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

  Home sellers and investors are a happy bunch this spring.  Homes are selling quickly and for very near their asking prices.  If your home is on the market and you haven’t had success…you should consider an MLS listing and here is why.

Washington Post writer and real estate expert, Iilyse Glink weigh about why the MLS is the key to home sales and why it works so well.

Studies indicate that most homes sell with the help of a real estate agent. The No. 1 tool to market those homes is probably the MLS. This listing service in most markets gives real estate agents the ability to see and review all listings in an area. If your home isn’t in the MLS, you’re missing the most effective tool to sell your home.

Twenty or so years ago, an FSBO seller would advertise his home in local newspapers and a lawn sign, with InfoTube or InfoBox, to market his home. Few if any of these FSBO sellers succeeded in selling their homes. More recently, the Internet has started to level the playing field, but many buyers still work with real estate agents to buy their home. Those agents rely on the MLS.

An FSBO service may offer various packages to sellers such as you. The more you want, the more you pay, with the top package giving you access to the MLS for six months. We guess you want to give your home the greatest exposure possible and that you wouldn’t want to exclude a major source of potential buyers.

As you decide whether you want an a FSBO package, you must understand what it will take to sell your home. If you overprice your home for sale, trying to sell it yourself isn’t likely to give you a good result.

You still will need to price your home right, make sure your home shows really well, both from the inside and the outside, take great photos for posting on Web sites, create a beautiful brochure for the home, and make sure the description of your home is succinct, emphasizes the good points of your home and accurately shows off its best qualities.

As the real estate market has improved in many areas, you likely have a better chance of selling your home today than you had a year or two ago. But home sellers can make the same mistakes in any market. Again, you need to decide whether you want to spend money upfront to sell the home yourself in a FSBO or try again with a real estate agent.

We think that listing your home on the MLS is a good step toward getting your home sold. Unless you find a buyer that is searching for a home on the many sites out there that carry listings, you might miss out of that one buyer truly looking for a home like yours.

InfoTube.net offers low cost MLS and Realtor.com listing packages that will get your home noticed by millions of homebuyers, who wouldn’t otherwise know your home is for sale.  Call 800-858-6000 for more information or visit our website.

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.

Real Estate Benefits on the Budget Cutting Block

Thursday, November 15, 2012 posted by Tommi Crow

    Some of us may not have considered that real estate benefits are on the political chopping block in Washington…but, they most definitely are.   Ramsey Su, writer at Seeking Alpha, outlines the mostly likely cuts that will effect most homeowners and real estate investors in the future.

Mr. Su asks…Is the perfect storm approaching? 

First, there are no more stimulus plans on the table that he knows of.  Everything ahead are takeaways.  While he has heard these mentioned, he  no idea what is real and what is just talk.  We should find out more as the fiscal cliff cage fight moves into the later rounds, but we wanted to give our readers a “heads up” about what may lie ahead for real estate investment.

1. QE3. QE1 and QE2, one way or another, dropped mortgage rates from the 6% range to the sub 4% range. That is hell of a lot of stimulus but the results have been minuscule. QE3 has been in effect for close to two months now and so far mortgage rates may have dropped 10-20 basis points with no noticeable change. The Fed is exhausted. There is nothing they can do to pump up a real estate bubble.

2.Capital Gains. This is one scary storm for real estate. If the upcoming tax reforms include changes to capital gains so that Warren Buffett can pay more taxes than his secretary, it may be very detrimental to the real estate market. With less than two months left, it is probably too late to try to sell before year end, which would be locking in the favorable capital gains treatment of old.

3. $500,000 Homeowners Capital Gains Exemption.   How many homeowners would have a $500,000 gain, when that is way above the average, medium or median price of a home in the U.S.?  Could this trigger a massive sell-off in the higher end of the property market to capture this exemption while it is still in effect?

4. Mortgage Deductions. No comments needed if this is changed.

5. Tax Deferred 1031 Exchanges. This is one of the best tax breaks, available to real estate and not stock market investments.  By being able to trade up and deferring taxes on the profit, real estate investors have far more capital to build upon.

6. Mortgage Debt Relief Act. This act exempts debt that has been forgiven from being treated as income.  This freebie is due to expire by year end.  Even though the odds are it will be extended again, it should be a wake up call for those with negative equity that this gift may not be available indefinitely.  It is also a gift the significance of which many do not appreciate.  For example, let us say you are a doctor in Las Vegas, with a $200k deficiency in your mortgage and a $200k income.  Without the exemption, a short sale would push you into the over $250k bracket immediately.  You would become the target for higher taxes.

7. Loop Holes.  There are lots of references to closing loop holes.  Pertaining to real estate, I do not know what they may be.  Are they looking at depreciation schedules?  Other deductibles?

In conclusion, we believe tax accountants and tax attorneys are going to be very busy strategizing the most advantageous moves for their clients.  There may be many different outcomes, but Wu is wondering, will there be any tax related reasons to buy?  So it is likely that all the pressure will be on the sell side, the only question is how big it will be.

Thank you for visiting InfoTube.net.  Post property on our Free Real Estate Listing site.  Search for great deals in complete privacy.  List your property on the MLS and Realtor.com.  Purchase our #1 selling marketing tools for real estate, The InfoTube and The InfoBox.

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.

The Perforated House by Kavellaris Urban Design

This once vacant site is nestled at the eastern bookend between a row of single fronted Victorian terraces and a double fronted Edwardian weatherboard house.   The strategy was to critique and respond to ongoing research into the Terrace typology.   The built form is essentially an urban infill within a 5.5×14.4m envelope.  The perforated house is our response to establish an alternative language to the accepted notion of our cultural attitude towards critical questions of identity and heritage.

Kavellaris wanted the house to be more than just a facade.   More than just a message or a graphic stuck to a building.  The building was not an urban canvas paying tribute to Venturi’s “decorated shed”, instead the external facade could be experienced internally and is also a multi functional device that constantly transforms the built form from solid to void, from private to public, from opaque to translucent.

By day the building is heavy and reflective and by night inverting into a soft translucent permeable light box. The operable wall or the absence of the facade enabled us to remove the idea that houses are static.

The use of operable walls, doors, curtains and glass walls enables the occupants to change the experience and environment. This architectural manipulation of space blurred the boundaries between inside and outside, the public and private realm. The manipulated spaces overlapped and borrowed the amenity and context of it’s surrounding environment.

The plan inverts the traditional terrace program with the active living zones on the first floor opening onto a north facing terrace thereby generating a primary northerly orientation to a south facing block.  The perforated house incorporates passive sustainable interventions by orientating north glass bifolds doors and louvers for cross ventilation as the primary means of cooling.  In addition, solar hot water and 5 star rated sanitary ware fixtures were incorporated. The north facing terrace redefines the “family” backyard, reinforced by the childlike mural reminiscing on a past era and making commentary on the changing demography of the family unit and ultimately the inner city house typology.   The mural also hides a not so attractive view of the back of the neighbors house.

InfoTube Loves this house…and the way it transforms to fit the life of the owners.  We need to see a lot more of this type of architecture in the USA.   If you aren’t a Friend of InfoTubes Facebook page, you are missing a lot smart, fun and cutting edge stuff.  Click the button at the top right of the page and never be out of the loop again.

                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.

                           The recession/depression and housing crash have certainly altered the old American Dream…at least for the foreseeable future.   The ongoing foreclosure crisis will drive another 3 million families to rent single family homes before 2015.

These millions of people are not typical renters, either.  They are older.  They have furniture, appliances, kids and pets.  They are not interested in apartment living.  They are looking to move back into single family homes, after foreclosure.   This new growth in single family rentals is the fastest growing part of the rental market and the pace is unprecedented.

A Nation of Renters Appears to be the Plan?

Private Equity groups smell the blood in the water.  They are buying up billons of dollars in distressed property, which they will in turn rent back to American families.  Colony Capital, for example, has purchased over 1ooo single family homes since December of this year and plans to invest at LEAST $1.5 BILLION more this year. 

In the next 5-10 years, investment firms will gobble up hundreds of billions of dollars of single family homes, at basement prices.  They will Raise rents every chance they get over the next 3-5 years.  Then, they will dump these properties for a profit and move on something else.

How does a Renting Society change the American neighborhood? 

The combination of transient families and declining home values will take a huge toll on American neighborhoods.    A rentership society is much less likely to spend money on plants, a fresh coat of paint, new carpet or a fenced yard—as they would if they owned the home they live in.   

Renters also mean shifts in student populations and present more challenges for our school systems.  Many schools in the Phoenix area report that 50% of their students will be new this year, a far higher percentage than normal.   Everything slows down when a new student enters a classroom and parents are less likely to be involved, when they are not sure they will be there for long.

Is American homeownership still the American Dream?

Thankfully, the answer is YES.  83% of people who lost their homes to foreclosure or distress sales say they want to own their own home again.  Most say they will buy something smaller than they had.  Many promise they will never again tie up so much of their income for a home.  Many who are forced to rent feel displaced.  They feel that they are living in someone else’s house.   They are fearful of entering retirement without having a home that is paid for…which only owning and paying off a mortgage will accomplish.    So, yes, neigborhoods are changing…new homeowners aren’t families, but are investment firms…but appears for all the right reasons… the American dream is alive… at least for now. 

Thank you for visiting InfoTube.net.  We have been helping homeowners, builders and investors market their properties since 1988.  We can help you, too.  Please visit our website for details.

CUMMING, Ga. (AP) — The government wants you to install solar panels at your house, and will even give you a tax break to do it. But your neighbors? Maybe not.

It’s a lesson Angel and David Dobs discovered when their homeowners association north of Atlanta denied their request to install solar panels on their roof. Neighborhood officials said the panels would look out of place and might lower home values in a community that regulates details as fine as the coloring of roof tiles, the planting of trees and the storage of trash cans.

“It’s like living under communism — someone gets to dictate every possible thing you do,” David Dobs said.

Homeowners associations around the country have banned or severely restricted the installation of solar panels, and the solar industry has pushed back to halt the practice. A recent attempt in Georgia to expand the right to go solar had support from environmentalists and some Republican lawmakers concerned about private property rights but it succumbed to opposition from developers and real estate agents.

Roughly two dozen states now forbid or limit homeowners associations or local governments from banning solar panels, according to a database run by North Carolina State University. Similar disputes have prompted lawsuits in Nebraska and California.

Angel and David Dobs supported the Georgia legislation after their run-in with the homeowners association. David Dobs had viewed the project as his personal contribution to prevent global warming.

Leaders of the Vickery Lake Homeowners Association in Cumming say the dispute is about architecture and aesthetics, not the merits of solar power. Homeowners automatically accept the community rules when they purchase a home there.

“We’re not going to debate whether it’s a good idea to have green energy or not,” said Jim Pearson, the association’s president.

These debates are likely to keep flaring as more people install solar energy systems because the equipment is getting cheaper and governments subsidize the cost. Taxpayers can now deduct 30 percent of the cost of installing solar panels from their federal tax bill. Other states and local governments offer additional incentives.

The fight is not new. Some solar rights laws date back to the 1970s, while other states have added similar measures more recently.

California’s law, first enacted in 1978, prevents homeowners associations from forcing residents to make aesthetic changes to photovoltaic panels that raise the cost by more than $2,000 or decrease a system’s efficiency more than 20 percent.

Most disputes in California are worked out privately, but a few have reached the court system. Last year, a California appellate court upheld a decision forcing a couple to remove solar panels that were installed in their yard without the approval of their homeowners association. They were allowed to keep other panels on their roof.

“They don’t like the way they look,” said attorney Michael McQueen, who represented the couple and others in similar disputes. “And (homeowners associations) are all about looks. Is your lawn green? Are your hedges trimmed?”

Ricardo Cestero, an attorney for the homeowners association, said neighborhood leaders were concerned the ground-level panels were not set back far enough from the street, were inadequately protected from damage and might cause erosion.

Texas adopted a law last year preventing homeowners associations from totally blocking solar panels. The law makes clear that residents can install them on roofs or in fenced-in yards or patios, subject to some limits. 

In Georgia, the fight between the Dobses and their homeowners association started in 2010. David Dobs said the rules required that he and his wife seek permission to build solar panels.

He first proposed installing 30 panels on two areas parallel to the slope of his roof. People could have seen sections of the three-by-five-feet panels as they walked or drove along the street.

The homeowners association rejected that request and three others from Dobs.

Board member Jim Graham said that to win approval, the panels would probably need to be out of view, perhaps mounted in a backyard and obscured by a fence — though fences too are subject to association approval.

Graham said that if people don’t like the rules, they are free to buy elsewhere.

“They chose to come into this community,” he said.

Lawmakers in Georgia tried to resolve the problem with legislation giving homeowners associations the rest of the year to decide whether to ban solar panels. Any neighborhood that did not set a ban by next year would be unable to stop a homeowner from installing solar panels in the future.

There were limits. Homeowners associations could restrict the panels to roofs or fenced-in backyards and patios. They could require that panels be installed parallel to the slope of a roof and ban any backyard solar equipment that rose higher than the surrounding fence.

Even in states that give homeowners the right to install solar panels, homeowners associations still ban them.

Neighborhood leaders in a Salem, Ore., subdivision rejected Larry Lohrman’s request to install solar panels on his roof because their rules banned the equipment, Lohrman said. He successfully argued that a 1979 solar rights law made that ban illegal, and he and a neighbor helped the association draft guidelines governing the installation of solar panels.

His panels were installed and started producing power in 2010, though Lohrman said he nearly abandoned the effort in frustration during the year it took to write the new guidelines for his homeowners association.

“They’re just afraid that someone’s going to put up this big, honking ugly thing that reflects light and just looks ugly,” he said. 

Associated Press reporter Kate Brumback contributed to this report. Follow Ray Henry on Twitter at http://www.twitter.com/rhenryAP

InfoTube thinks some logical thought should prevail on this issue.   On one hand, we want to encourage US independence from fossil fuels that harm our environment and fund terrorism.  On the other hand, homeowner association rules are in place to protect the beauty, value and function of a neighborhood..  Restrictions against solar panels are common in most associations and those rules were in place when the homes were initially purchased. 

If you are one of the millions of Americans who would love to take advantage of record low home prices and record high levels of foreclosures, but your cash on hand is coming up  little short… consider using a portion of your IRA funds to buy a piece of rental property.

Millions of Americans have billions of dollars tied up in IRA’s that nay be paying little to no interest or gains to investors.  Maybe it’s time you considered diversifing from stocks or mutual funds… and add some tempting real estate bargains into the mix.

Here are the basic rules:

  • The funds used to buy the property must be held in a self directed IRA.  You can not use 401K funds or Roth IRA’s to buy real estate, but you can roll over those funds into an IRA before you buy.
  •  The property you buy must be an investment property.   You can not buy a second home or primary residence with IRA funds without paying a penalty.
  • You must pay cash for the investment property.  You can not borrow or take out a mortgage against your IRA investments.  
  • Monthly rental income must be placed back into the IRA account.
  • When the property is Sold…the sale proceeds must be deposited back into the IRA.
  • No taxes are due on rental income or capital gains held in the IRA, until the money is withdrawn at retirement age, so earnings grow tax free.
  • The IRA can pay all expenses associated managing and maintaining the property.
  • You can use a property manager or manage it yourself.

Real Estate IRA

Here is a simple example of how the investment could grow and fund your retirement.

  • You buy a $100,000 rental property with IRA funds.
  • You collect $10,000 a year in rent that is paid directly back into the IRA. 
  • After 10 years, the entire $100,000 you invested in the home has been paid back into the IRA.  Bonus, you still own the property and you can sell it anytime you chose and put the proceeds into your account, too.
  • You pay NO TAXES on income or capital gains until you withdraw money from the IRA.

Tax deferred gains

Buying a foreclosure with IRA money can be a great way to diversify your retirement portfolio and take advantage of historically cheap real estate prices and highly motivated sellers.  As with any tax related investment…ALWAYS consult your tax expert before investing.

Thank you for visiting InfoTube.net.  The spring home selling season is underway and it looks to be the best one in several years.  If you are in the market for home, this is a great time to be shopping.   Check out some of the great deals on our site…or place your property listing on our site for FREE.

If you are selling a home, we can set you up with an MLS listing and you can still sell the property yourself.  Click Here to learn more.

    

President Obama just announced a plan to help US families.  And, miraculously, he doesn’t need the approval of Congress to help us.

  • Obama promised relief to homeowners who are trapped in high rate loans by banks.  If a homeowner is current on their current high interest loan payment, they can not be turned down for a lower interest rate loan that reduces their monthly payment.
  • Obama will cut closing costs for loan refinancing on FHA loans to make refinancing affordable.  The average borrower will save at least $1000 a year in fee’s and charges, in addition to saving about half of the closing costs on the new loan.
  • Obama waives appraisal value as a criteria for refinancing a high rate loan.  In other words, your bank can no longer use an appraisal against you…no matter how much you owe on your current loan.
  • Obama promises to compensate all US Servicemen and Veterans who were foreclosed upon during their tour of duty.  All Veterans who attempted to refinance their home to avoid foreclosure, and were turned away by their lender…are entitled to full compensation for all penalites, fee’s and losses.

We applaude this action and feel that it is long overdue.  This is exactly the type of change that Americans, and the housing market, need to avoid further personal and financial losses.  There is no legimate reason for a bank, who received taxpayer handouts, to turn down a borrower who wants to benefit from low Fed bank rates.   If a borrower is able to afford a $1500 house payments at a 10% interest rate, then why would a lender turn them down for a loan payment of a $1000 per month at 4.5%?    The only answer is a unfortunately a common one…GREED.    Banks are closing ranks to protect their 10% rate of return from dropping to 4.5%, even though the Fed’s (ie: taxpayers) are giving them the money for nothing.

Thank you for visiting InfoTube.net.  If you have been turned down for refinancing…reapply today.  

Home Buyers Move Back to Basics

Thursday, February 23, 2012 posted by Tommi Crow

                                                    Home Sellers take note:

When it comes down to chosing a home, buyers are going back to the basics.  Today’s buyers consider new or updated kitchens and bathrooms, and a flexible, open floor plan as the most important features they are looking for in a home.

A recent survey of hundreds of real estate agents reveal what features appeal to the broadest cross sections of buyers in the marketplace.

  • 33% of those surveyed said that a new or updated kitchen is the most important feature they are looking for.
  • 14% of purchasers said that an open floorplan is a must have. 
  • 12% are looking for homes with new or updated bathrooms.
  • Only 1% of buyers feel that entertainment rooms or finished basements are important home features.

Thank you for visiting InfoTube.net.  When you advertise, photograph and show your home, don’t forget to emphasize the “hot buttons” area’s that buyers are telling you they are looking for.

    

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….

 Thank you for visiting InfoTube.net FREE home selling website.  Visit our site for free legal forms, home searches, home listings, marketing tools, advise and support!   We are a 100% Made in the USA company.