Home Investors of America

Housing: Mortgage Rates Fall to Lowest Levels in Years - CNBC

2011-08-04T10:03:00.000-07:00

Housing: Mortgage Rates Fall to Lowest Levels in Years - CNBC:

"Mortgage Rates Fall to Lowest Levels in Years

The average rate on a 15-year fixed mortgage has fallen to its lowest level in decades.

Freddie Mac said the rate for the popular refinancing option dropped to 3.54 percent from 3.66 percent the previous week.
That's the lowest average rate since the mortgage buyer began tracking it in 1991.
The average rate on the 30-year fixed loan fell to a yearly low of 4.39 percent from 4.55 percent the previous week.
Mortgage rates tend to track the yield on the 10-year Treasury note.
A weakening U.S. economy has led many investors to shift money from stocks to bonds, which are seen as safer bets. That has pushed the yield on Treasurys to a yearly low.
Low mortgage rates have done little to revive the moribund housing market.

Advantages and Disadvantages of selling Your House To a Real Estate Investor. | Real Estate News & Information

2011-08-03T12:46:00.000-07:00

Advantages and Disadvantages of selling Your House To a Real Estate Investor. Real Estate News & Information: "Real Estate Investors:
When you contact a Real Estate Investor, you are dealing directly with someone who wants to buy your house – not list it for sale. If you are looking for a very quick sale, or if your house is not in prime condition, this is often your best alternative. Once you call an investor, they will ask you about your house, the repairs that are needed, your current situation, and why you are selling your home. They’ll use that information to create an offer that works both for you and for them. Generally, they will close (buy your house) as quickly as you need, or stretch out the closing date if you need additional time.
The biggest advantage is that you are dealing directly with a buyer, so once you come to an agreement, your house is as good as sold. All you need to do is start packing. You don’t need to worry about if and when the house is going to sell. You won’t have a bunch of strangers walking through your house at unpredictable times. And you’ll have no repairs to make since an investor will buy your house in its current condition.
They have all of the necessary forms and will handle everything for you. You just need to show up to closing and collect your money.
If you decide to work with a real estate investor, you’ll want to find one who is concerned with your situation and is looking for a way to structure the sale so you both get what you want. Unfortunately, not every investor is created equal. A good investor has numerous techniques for buying your house, and can create flexible programs that meet your needs."

2011-06-14T19:51:00.000-07:00

Here are some thoughts on Short Sales!

Short Sale Pros

Avoid Foreclosure – This is probably the biggest plus to a short sale – you can avoid foreclosure and everything that comes with it. There are still things that will follow you.

Credit Score – While there still may be an effect on your credit score, a short sale generally has less of a negative effect on your credit rating.

Short Sale Cons

Credit Damage – There is still going to be some damage to your credit, even with a short sale.
Possible Tax Consequences – If your short sale is approved, there may be consequences when it comes to your taxes.

As you can see, there are quite a few pros and cons to the short sale. Because it may be confusing for you (unless you happen to be a real estate wiz), it’s nice to know you can get FREE INFORMATION about short sale pros and cons. Or leave a question here and we’ll try to help. Thanks and good luck!

Update

2010-03-21T20:21:00.001-07:00

Exciting new Short Sale information coming soon! Stay tuned in for details!
Sent from my Verizon Wireless BlackBerry

Posted via email from

Making It Happen

2009-04-15T20:18:00.000-07:00

Sometimes things don't happen, you have to make them happen. In this case, the real estate transaction.

Do not get discouraged if a deal does not go the way it should in the beginning. The real estate business is a people business. Sometimes you will find out the the Purchaser or their agent is not able to convey or understand how to convey things the right way in order to keep the lines of communication open to make the transaction work.

Periodically, you have to step in and take the bull by the horns. In this case, the bull meaning the Purchaser. It is necessary for the Seller to perhaps directly speak with the Purchaser or vice versa and have a meeting of the minds. I want this, you want that. Let's find the happy medium and make this a win-win situation for both and close this deal. This of course does not make the agents happy, but it's your property and your deal and if the Purchaser wants it, sometimes it's best for those who have not only a monetary stake, but a emotional stake in the deal to make it work. After all, they still get paid, don't they? So they should understand.