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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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Investors Real Estate Trust Announces 2008 Distribution Allocation
CNNMoney.com - 8 hours ago
Investors Real Estate Trust (NASDAQ: IRET) (NASDAQ: IRETP) today announced the final tax treatment (Form 1099) for calendar year 2008 distributions on its ...
Investors Real Estate Trust Announces 2008 Distribution Allocation International Business Times
all 10 news articles


CNNMoney.com

Confessions of a former real estate bull
CNNMoney.com - 11 hours ago
I never thought the whole national real estate market would burst. Q. The NAR's latest forecast calls for a slight increase in home prices next year. ...
Admissions of Spin at the NAR Examiner.com
all 5 news articles


Real Estate Council of Dallas names chairwoman 3:16 PM CT
Dallas Morning News, TX - 5 hours ago
By SHERYL JEAN / The Dallas Morning News Both Michele Wheeler and The Real Estate Council of Dallas reached a milestone this year: She is the group’s first ...


Report: Tough commercial real estate market will linger
Bizjournals.com, NC - 7 hours ago
Grubb & Ellis Co. on Monday released its 2009 global forecast that predicts a troublesome year for commercial real estate in the US, including Greater ...
DC Best Place for 2009 Commercial Real Estate Investment NBC Washington
Grubb & Ellis Predicts a Challenging 2009 for Commercial Real ... PR Newswire (press release)
Milwaukee area avoids sharply rising office vacancy rates Milwaukee Journal Sentinel
MSN Money - Austin American-Statesman
all 22 news articles


Pecoraro Cos. adds real estate division
Bizjournals.com, NC - 7 hours ago
The Pecoraro Cos. in Albany, NY, has added a residential and commercial real estate division to its suite of services. Adesso Realty is located within the ...


Crain's Chicago Business

Real estate mogul found fatally shot in suburban wildlife preserve
Chicago Sun-Times, United States - 4 hours ago
BY DAVID ROEDER droeder@suntimes.com Steven Good, a major figure in Chicago real estate, was found shot dead in a Kane County wildlife preserve, ...
Suburban real estate CEO found dead Chicago Daily Herald
Real-estate tycoon found dead in car The Courier News
CEO of Sheldon Good & Co. found dead Crain's Chicago Business
Chicago Breaking News - Tribune
all 6 news articles


Real Estate Wrap: LA firm establishes Pa. presence
Bizjournals.com, NC - 16 hours ago
Passco Real Estate Equities Inc., a Los Angeles firm, made its first buy in the Philadelphia area with the acquisition of two new flex buildings in Bucks ...
Real estate transactions Houston Chronicle
all 4 news articles


Two top Dallas real estate execs switch firms 9:56 AM CT
Dallas Morning News, TX - 10 hours ago
By STEVE BROWN / The Dallas Morning News David Nichols and Erin Mathews – who for the last few years have worked with Briggs-Freeman Real Estate – have ...
Mathews Nichols joins Allie Beth Allman Bizjournals.com
all 6 news articles


Real Estate Roundup: Fournier Group moves to Kaplan Building penthouse
Bizjournals.com, NC - 8 hours ago
It was acquired by Foundation Real Estate Development, which refitted the building and is selling individual floors as office condominiums. ...


New York Times

As Vacant Office Space Grows, So Does Lenders’ Crisis
New York Times, United States - 12 hours ago
The Urban Land Institute predicts 2009 will be the worst year for the commercial real estate market “since the wrenching 1991-1992 industry depression. ...
Commercial real estate industry lobbies for share of TARP SmartBrief
Real Experts Forecast 15 To 20 Percent Drop In Real Estate Values ... AHN
Global Economic Slowdown Taking Toll on Property Markets PR Newswire (press release)
SmartBrief
all 34 news articles

Real-Estate - Google News




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