Are you having trouble selling a house?

We have some ideas that can help you in today’s difficult market.

Join our special conference call on Facebook. The advantages of this call system:

* You can type your questions in so we can see them.
* You can mute yourself by clicking on a microphone icon.
* You can “raise your hand” to speak.
* You can even upload your pictures so we can see your house outside and inside.

How to participate:

1- Join Facebook
http://www.facebook.com

2- Join the Conference Call for Home Sellers. Click the link below to add the conferencing application and join the call.
http://apps.facebook.com/freeconference/conf/show/11113

3- Join the group: Jeanette Fisher's Home Seller's Helpline
Click on the Groups button on the left under applications.
Search for Jeanette Fisher’s Home Seller’s Helpline or try this link:
http://www.facebook.com/group.php?gid=9721931758&ref=mf
This is where you will upload your photgraphs.

I know all this seems complicated, but the conference call will be unlike all the other teleseminars we’ve done. This is a hands-on experience where you will get answers to YOUR home selling questions.

Joy in technology!

Jeanette

by Jeanette Fisher

It's an open secret. The American economy is in trouble, and President Bush acknowledged that fact by unveiling a $150 billion economic stimulus package recently. However, that package contains no provisions for raising the $417,000 conforming loan limit to allow Fannie Mae and Freddie Mac to begin purchasing so-called jumbo loans.

The main thrust of the president's plan is to try to stimulate economic growth through about $100 billion in relief tax cuts and incentives for individuals, families, and businesses. No specific mention was made about trying to revive the country’s sagging real markets or the intensely troubled mortgage lending industry. Disagreements within Congress have continued to hinder the progress of legislation that would allow Fannie Mae and Freddie Mac to be able to purchase larger loans, as well.

As far as trying to bolster the housing market, the Bush administration has concentrated its efforts on FHASecure, which a new FHA loan guarantee program that would allow some delinquent borrowers who have adjustable-rate mortgages to refinance using fixed-rate loans, and a voluntary program they can Hope Now, which encourages lenders to work with borrowers in creative ways to refinance or restructure their loans rather than moving forward with the foreclosure process. However, some critics of the plan contend that neither one of those programs will provide any real help to the nearly two million American homeowners who are facing foreclosure, especially in light of the fact that home prices are declining in many areas of the country.

The Mortgage Bankers Association recently estimated that some 384,000 loans are currently in some stage of foreclosure, although many of those loans don’t cover owner occupied real estate. There is some good news, though. The MBA also reported that some 54,000 loans were restructured during the third quarter of 2007 and another 183,000 were modified to establish repayment plans that would allow homeowners to stay in their houses.

The real estate crunch is far from over, however. The National Association of Realtors recently suggested that any stimulus package passed by Congress needs to include an increase in the conforming loan limit for Fannie Mae and Freddie Mac if the country’s housing market is to recover any time soon. According to the NAR, simply raising the conforming loan limit to $625,000 would reduce the supply of homes on the market within a couple months, would strengthen home prices by at least two percentage points, and could increase real estate activity by more than $40 billion. The NAR also stated that raising those conforming loan limits could reduce foreclosures by as many as 210,000 in a relatively short time.

It’s yet to be determined if the Bush package will be amended to reflect those suggestions. As of this moment, there is no such wording in the plan.

Copyright © 2007 Jeanette J. Fisher

Fix up the home you're living in with Seven Secrets to Glorious Home Design at http://residentialdesignguide.com

I thought you might be interested to hear about a beautiful, brand new Beach House at a wholesale price...80 or 85% of (recent) appraised value.
This is a great investment chance.
One home in Otter Crest, fabulous view, is even furnished and ready to be a Vacation Rental.

The other, in quiet Oceanside, has Ocean and Arch Cape views from every window.

Both have hardwood, slab granite, tile, gas fireplaces, 2450 and 2668 square feet.

One our Investors hit a snag and is liquidating. He'll need to decide something within the next week, so let me know right away.
Either of these are a great investment, either as a family getaway or as a vacation rental.

Typical appreciation on the coast is average 14% the last several years.

 
Did I mention the views?




Contact my friend Susan by email to susangrace at sunlink dot NET

Enjoy!

Jeanette

by Jeanette Fisher

What's different about flipping houses in today's market? While some market conditions remind seasoned investors of flipping HUD repos in the eighties, there are some investing principles that have changed. Because investors went crazy buying houses for no money down, banks have tightened up their lending practices. Sellers also are more careful about turning over their title without a secure down payment.

However, many real estate investors will make a fortune in 2008. That's because they will learn how to invest from professionals who made money "in the old days" -- before the recent skyrocketing frenzy. AND, these beginning investors won't let fear keep them from taking action. If you have courage and will take the time to learn your local real estate market, here are five problems and solutions for flipping houses in 2008.

1. Prices keep dropping in a declining market.

The problem of declining prices means that you must know your market. You must be able to buy low and sell higher. You must know how much repairs and holding costs will be for properties. Smart investors will track every penny, save money on repairs, and fix the houses in a way that tempts home buyers.

2. Loans are harder to secure.

Investors will find it extremely hard to find 100 percent loans. You will need ten to thirty percent down depending on your credit score. If you don't already own your own home, you still can get 100 percent financing for owner occupied, which is how many beginners get into the market. You must keep your credit in perfect condition.

3. Larger reserves needed to qualify.

Lenders require about three monthly payments as cash reserves in the bank. Lenders know about tricks like borrowing money and will look at how long the funds have been in your account. Keep your bank accounts solvent.

4. Houses take longer to sell.

With fewer qualified buyers and more houses on the market, it will take longer to sell most houses. The houses that are selling either offer deep discounts or features beyond ordinary. Interior design and home staging strategies will make a huge difference. Agents will show the houses that look great and typical buyers will pass on fixers.

5. Agents will bend over backwards to sell to you.

If you're a qualified buyer, real estate agents will work hard to find you what you want. On the other hand, you will need to watch out for desperate agents who might paint a positive picture or gloss over problems.

Learn about your real estate market, short sales, REOs, and desperate sellers who are willing to give up equity to move.

Learn how to make more money flipping houses using interior design psychology strategies to fix houses for your target buyers: http://www.doghousetodollhousefordollars.com

Office in Faux Flip; walls rubbed with powder to create aging. This quick solution and more decorative arts in Flip That House with FAUX.

Copyright © 2008 Jeanette Fisher