Thursday, August 31, 2006
Dealing with Short Sale Rejection
8/31/2006 12:29:10 AM (Eastern Daylight Time, UTC-04:00)


If a lender does reject your offer, all isn't lost. The first thing to do is to try to determine why your offer was rejected. There are many possible reasons, and if you want the sale to go through, you must job find out exactly what the lender wants in order to make the sale happen. Here are possible reasons.
  Disclaimer  |   | 


 Wednesday, August 30, 2006
Beginners: Where to Find Great Real Estate Deals
8/30/2006 12:55:45 AM (Eastern Daylight Time, UTC-04:00)


One of the first questions new real estate investors ask is where they can find great deals. It's only natural, since they've often been eagerly watching the various infomercials that crowd late-night television and they're eager to cash in on what seems to be the easy money available in real estate.
  Disclaimer  |   | 


 Tuesday, August 29, 2006
Question from reader: How do you buy foreclosures at auctions?
8/29/2006 11:03:27 AM (Eastern Daylight Time, UTC-04:00)


Question from reader: How do you buy foreclosures at auctions? Answer: Everything is changing in the new market. Foreclosures, on the rise in many parts of the country, may be a great way for you to pick up a bargain property. Here's how to do it.
  Disclaimer  |   | 


 Monday, August 28, 2006
To Win the House Race, Help Buyers Jump Hurdles
8/28/2006 12:07:02 PM (Eastern Daylight Time, UTC-04:00)


Selling a house is like a steeplechase race horse jumping over hurdles. Some race horses make the jumps look so easy; they run and jump in rhythm under the jockey's guidance. The home seller's job is to make home buyer's hurdles easy to jump. Home buyers make up their minds about a house on each step they take or every barrier they cross. As a home seller, you need to make sure your buyer crosses each barrier. Here are eight hurdles for you to win the house race.
  Disclaimer  |   | 


 Saturday, August 26, 2006
Updating Fixers: Create Space in Bathrooms without Tearing Down Walls
8/26/2006 7:43:38 PM (Eastern Daylight Time, UTC-04:00)


Bathrooms have been steadily increasing in size over the past thirty years, and today's average bathroom is twice as large as bathrooms of the 1970s. However, bathrooms can be difficult to expand in existing houses without knocking down walls. There are some ways you can create a more spacious look and feel, without bringing in the sledge hammers.
  Disclaimer  |   | 


 Wednesday, August 23, 2006
Downturn in Home Ownership Can be a Windfall to Savvy Investors
8/23/2006 11:34:13 AM (Eastern Daylight Time, UTC-04:00)


With the housing market beginning to cool and interest rates on the rise, this may be an excellent time for investors to buy rental properties. The combination of those two market factors, along with an increase in the number of folks looking for new housing, could spell big profits for savvy real estate investors.
  Disclaimer  |   | 


 Tuesday, August 22, 2006
FREE "Home Sellers" Teleseminar - August 23
8/22/2006 7:30:21 PM (Eastern Daylight Time, UTC-04:00)


Are You Serious About Wanting to Sell Your Homes for Top Dollar?
  Disclaimer  |   | 


 Saturday, August 19, 2006
Prepare Your Home for Sale in a Cool Market with Fire
8/19/2006 8:39:07 PM (Eastern Daylight Time, UTC-04:00)


Across the country homes are taking longer to sell. If you have a home for sale, you might consider making a few changes to attract buyers in the cooling real estate market. Not only is the market cooling, so will the weather. It may feel hot to you right now, but in a few weeks, the evenings will get chilly.
  Disclaimer  |   | 


 Friday, August 18, 2006
Sell Your Home Yourself in Six Steps
8/18/2006 12:39:17 AM (Eastern Daylight Time, UTC-04:00)


You CAN sell your home yourself. It just takes time, diligence, and attention to detail.
  Disclaimer  |   | 


 Thursday, August 17, 2006
How to Get Started Fixing and Flipping Houses
8/17/2006 2:13:29 PM (Eastern Daylight Time, UTC-04:00)


If you're looking to get started investing in real estate by fixing and flipping houses, you'll want to know what to type of property to buy. Many real estate investors make millions turning ugly houses into dollhouses. On the other hand, some inexperienced investors lose money buying houses that just don't turn a profit. Three tips to help you find the perfect fixer.
  Disclaimer  |   | 


 Tuesday, August 15, 2006
Real Estate Investors May Want to Change Strategies as Market Cools
8/15/2006 2:45:37 PM (Eastern Daylight Time, UTC-04:00)


By Jeanette Joy Fisher

Depending upon where you live, it may be time for you to rethink your investment strategy if you're a real estate investor, because many areas of the country appear to be on the verge of a price downturn. The indicators are there, beginning with the fact that it's taking significantly longer to market homes when compared to last year. When coupled with rising interest rates, it's likely that the recent real estate boom may be coming to an end.

One of the most startling statistics can be found in Los Angeles, where the median home currently sells for ten times the area's median income. That trend can't continue, regardless of interest rates or the kinds of creative financing options banks come up with.

LA's trend isn't unique, however, and home prices will probably continue to fall as 2006 progresses, and will decrease even more dramatically in 2007, especially if interest rates continue to rise. That trend will be more pronounced in areas of the country that have seen dramatic price increases in recent years. Some economists even predict double-digit declines in Miami and Las Vegas, two of America's hotspots during the recent real estate boom.

However, those sorts of declines aren't expected to be countrywide. Some areas of the country may actually see real estate values continue to grow, but at more modest rates, including most of the Midwest, parts of Texas, and even some larger cities like Atlanta.

As an investor, you'll need to be aware of the trend in your area and invest accordingly. For example, if you're a builder, the combination of higher home prices, higher interest rates, and higher gas prices will make it harder to sell high-end homes that are built some distance away from major cities.

Homes are also getting smaller, after increasing in size for the past thirty years (peaking at 2,430 square feet) and the things people want to see in their homes are changing. For example, luxury kitchens and deluxe bathrooms have gained in popularity while the demand for formal dining rooms has decreased.

If you're an investor who depends on flipping houses, your profit margins may be shrinking and your flipping time may be increasing. Therefore, you may want to begin thinking in terms of income and not capital gains. Although being a landlord isn't for everyone, if real estate values continue to decline and on-market times continue to increase, you may want to think about renting your homes as you wait for the market to improve.
 
You may also want to look at properties closer to downtown areas, since many renters are attracted by easy proximity to their jobs and to the amenities offered by cities. Rental units near office complexes or near several main highways can be especially attractive investments in a market that is showing signs of slowing down. If you're really not cut out to be a landlord, you can always turn the details over to a property management company, assuming you make enough on the rental to cover their 5-10 percent fee.

Regardless of your previous real estate investment strategy, you may want to begin rethinking your options as the real estate boom begins to slow down in most areas of the country.

Join our real estate teleseminars.



Free Real Estate Investing Information

Copyright © 2006 Jeanette J. Fisher

  Disclaimer  |   | 


 Thursday, August 10, 2006
Ranch Homes Come Full Circle
8/10/2006 12:30:36 PM (Eastern Daylight Time, UTC-04:00)


Over the years, the ranch style home has become almost reviled for its lack of character. Critics have said it's just a single-story box, with no uncomplicated angles, a low roof, and a picture window facing the street. Since ranches were built in such abundance in the mid-twentieth century and were often thrown up as quickly as possible without regard for decoration or individuality, they came to represent the worst of American architecture in many people's minds. However, the humble ranch does have its boosters...
  Disclaimer  |   | 


 Wednesday, August 09, 2006
Home Prices Set to Slow or Decline over the Next Year
8/9/2006 8:00:13 PM (Eastern Daylight Time, UTC-04:00)


As America's economy begins to cool, a number of economists have begun to predict only modest gains in the prices of single-family homes during the next year. The consensus is that home prices will rise between 3 and 4%, which is a respectable increase, but well below the 10% nationwide average over the past five years. However, many successful investors make a lot of money in cities labeled "the bottom ten." No matter what happens in the home market, smart investors know how to make money in real estate.
  Disclaimer  |   | 


 Tuesday, August 08, 2006
Is the Real Estate Boom Over?
8/8/2006 11:35:12 AM (Eastern Daylight Time, UTC-04:00)


It may not actually be the beginning of the end of America's real estate boom, but one of the first indications of a slowdown in the housing market is when homes begin to take longer to sell. Although the National Association of Realtors doesn't keep track of the nation's overall home marketing times, but there has been a dramatic rise in the number of homes on the market in the past six months. With the supply of available houses rising, buyers have more homes to choose from, and according to the laws of supply and demand, that means prices in many areas of the country may begin to come down. Let's look at some areas of the country to examine trends.
  Disclaimer  |   | 


 Monday, August 07, 2006
REO Guide for Beginners
8/7/2006 10:43:49 PM (Eastern Daylight Time, UTC-04:00)


Although interests remain relatively low, the number of home foreclosures across the country is on the rise up, which means that investors in REOs are beginning to have more opportunities to make money.
  Disclaimer  |   | 


 Friday, August 04, 2006
What's Missing on Most Home Buyer's Checklists?
8/4/2006 11:50:36 AM (Eastern Daylight Time, UTC-04:00)


In a search for "Home Buyer's Checklist," I found articles, spread sheets, and tips with differing advice. It seems that the real estate websites want you to choose a home and blindly put your money in escrow. These home buying tips should include more information for home buyers to make a solid home purchase.
  Disclaimer  |   | 


 Thursday, August 03, 2006
Breakthrough Marketing Tips for Selling Houses
8/3/2006 12:42:53 AM (Eastern Daylight Time, UTC-04:00)


Home sellers who learn about marketing psychology and home staging can take advantage of unconventional selling strategies. If you're selling a home or investment house, you might need some extra help to generate a speedy, top-dollar sale. Here are three cutting edge home selling concepts to help you.
  Disclaimer  |   | 


 Tuesday, August 01, 2006
Beginner's Real Estate Investing Strategies for Flipping Houses
8/1/2006 8:09:16 PM (Eastern Daylight Time, UTC-04:00)


If you're like most beginning real estate investors, you've taken seminars, read books, watched infomercials and DVDs, and have spent considerable amounts of money to learn about the ins and outs of the field. If you're still struggling with how to get started, here are some of successful investors favorite ways to make money in real estate.
  Disclaimer  |   |