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Real Estate Information

Can I Sell My Private Mortgage Notes?


In this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing.

How to Prequalify a Buyer When You Sell Your Home By Owner


Before we get to the math there are a few terms you should understand.  The first is PITI which is nothing more than an abbreviation for "principal, interest, taxes and insurance.  This figure represents the MONTHLY cost of the mortgage payment of principal and interest plus the monthly cost of property taxes and homeowners insurance.  The second term is "RATIO".  The ratio is a number that most banks use as an indicator of how much of a buyers monthly GROSS income they could afford to spend on PITI.  Still with me?  Most banks use a ratio of 28% without considering any other debts (credit cards, car payments etc.).  This ratio is sometimes referred to as the "front end ratio".  When you take into consideration other monthly debt, a ratio of 36-40% is considered acceptable. This is referred to as the "back end ratio".

Purchasing Property With No Money Down: My Personal Experience


Have you ever seen those infomercials about buying houses with ?No Money Down?? They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. You see this guy, standing on a street corner, talking to someone, and he says, ?I own that one,? pointing to a beautiful colonial. ?I also own that one next to it, and the one two doors down, and I?ll be closing on the one directly across the street from it, next week.? He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases he?s also paid no closing costs.

Budgeting Your Log Home: Where Do You Start?


The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. If you are shopping for a milled log package (as opposed to hand-crafted, which is a totally different category), the difference between one manufacturer's price and another is minimal when compared to the total cost of the structure. Here are some reasons why:

How to Get Financing after Filing Bankruptcy


If you're thinking about buying a home but have declared bankruptcy in the past, don't give up hope. There are still ways for you to be able to find a loan, even if your credit history is less than sterling.

Joint Ventures In Real Estate Development; So How Do They Work?


There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture.

How to Price Your Property?


A house properly priced is half sold. But there are plenty of ways to price it improperly.. * You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time.. On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale.). * You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you.. * You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay.. So how do you price your house?. By putting yourself in a buyer's shoes.. What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?. Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis. . And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?.

How to Make the Real Estate Market Work For You and Get The Most Money


How to make the Real Estate market work for you and get the most money.

Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...


Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced properties are available if you know how to buy them.

Real Estate: Reasons and Priorities for Purchasing Property


Real Estate: Reasons and Priorities for Purchasing Property.  It?s not just about Real Estate as an Investment.

A Powerful Suggested Technique for YOUR Home & Property Search


A Powerful Suggested Technique for YOUR Home & Property Search

Horses In My Back Yard


Horses In My Back Yard

How To Give Yourself A $20,000/Year Raise Without Asking Your Boss


Why without asking your boss?

How Do I Implement The Lease Purchase Plan?


Well, as we have discussed in previous newsletters first you have to set up goals for yourself, both long term and short term. Don?t forget these goals define how your business is run. They will determine what you do on a daily, weekly and monthly basis. The best way to do this is to picture yourself a year down the road. Close your eyes and get a mental picture of where you want to be, what you want to have, how you want to look, then open your eyes and write all that down on paper or speak into a voice recorder.

How I Became a Real Estate Investor


Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals.

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IBTimes Hong Kong

Mariner Real Estate acquires loan portfolio
BusinessWeek
Mariner Real Estate Management LLC said Friday that it worked with bank regulators to buy a portfolio of real estate loans worth about $760 million. ...
Leawood-based Mariner buys $760 million in real estate loans from FDICKansas City Star
Mariner Real Estate Management Acquires $760 Million FDIC Real Estate Loan ...Benzinga
FDIC sells another $760 million in REOHousing Wire
Emii.com -Bloomberg
all 24 news articles »


Jamie Dimon's real estate woes
Los Angeles Times (blog)
The bad real estate market has forced a series of reductions that have brought the listing price down by nearly half, to $6.95 million. ...

and more »


Real Estate News: Mortgage Rates Fall to 4.32%
Wall Street Journal (blog)
Mortgage Rates Hit New Low at 4.32%: Average mortgage rates hit another record low even as Treasurys sold off, according to Freddie Mac's ...

and more »


Investors Real Estate Trust Declares Regular Quarterly Common Share ...
MarketWatch (press release)
MINOT, ND, Sep 3, 2010 (GlobeNewswire via COMTEX) -- Investors Real Estate Trust (NASDAQ:IRET) (NASDAQ:IRETP) announced today that its Board of Trustees has ...

and more »


Town Hall

Mo. drops appeal of real estate ballot measure
The Associated Press
2 whether to amend the Missouri Constitution to prohibit real estate transfer taxes, which typically are charged like sales taxes based on the price of the ...
Mo. drops appeal of real estate ballot measureKOAM-TV
Mo. judge orders real estate tax on fall ballotBusinessWeek
Ballot measure on real-estate transfer tax cleared by judgeKansas City Star
Real Estate Journal Online (blog) -FOX2now.com
all 122 news articles »


RiverSource LaSalle International Real Estate Fund, Inc. Declares Third ...
MarketWatch (press release)
Investments in real estate securities may be subject to specific risks, such as the risks associated with general and local economic conditions, ...

and more »


Commercial real estate transactions
Dallas Morning News
John Barker of Marcus & Millichap Real Estate Investment Services negotiated the sale. SRK Properties purchased a 3540-square-foot retail building on 10672 ...
Rankin Commercial Properties says Commercial Real Estate Back to Black.dBusinessNews Triangle (press release)

all 4 news articles »


Why is Google Getting Involved in Real Estate?
Forbes (blog)
And what impact will it have on the real estate market at large? The answer to the first question, as TechCrunch points out, may just be that they can ...

and more »


Hypo Real Estate's Collapse on the Slopes
BusinessWeek
Snowmass Village, the Colorado ski town, got a lift in 2007 when Germany's Hypo Real Estate Holding agreed to arrange ...

and more »


Kansas City Star

Pending real estate sales inch up in July
Inman.com
By Inman News, Thursday, September 2, 2010. More homebuyers signed purchase contracts in July than the month before, according to a report by the National ...
Real Estate News: Pending Sales Rise in JulyWall Street Journal (blog)
Retail sales, number of home contracts increaseWashington Post
Broward Pending Home Sales Continue to RiseBenzinga
San Francisco Chronicle -DailyFinance
all 382 news articles »

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