Month: February 2009

Buying or Selling, Now is a Good Time

Look back at 2006. When a house went up for sale, it usually sold before it could make the papers or magazines. Real estate investors’ flippers and speculators bought them up like there was no tomorrow. Not the case today. Back then and we say back then as if it were 1980, houses sold so quickly because the inventory was…

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Lighting a Flame in the Housing Market

On February 5, 2009, Freddie Mac reported that the average mortgage interest rate for current 30 year fixed-rate mortgages was 5.25% (5.29% in the southeast), up from 5.10% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.92%, up from 4.80% just last week. Only a year ago the 30 year rate was 5.67%. I bet…

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Home Loan Modifications

Home loan modifications are designed to save homeownership, but they’ve also created a new mortgage maze pitted with “buyer bewares.” Both government- counseling agencies and local community service agencies admit they have been swamped by the demand for loan modifications due to the real estate crisis. The demand stems from an increase of federal, state and local level foreclosure relief…

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Landscaping and Curb Appeal Sells

A lot has been written about landscaping yards for curb appeal because buyers of course see the outside first when they drive up to view a possible home to purchase.  It makes sense to make this area as attractive and buyer worthy as possible. Doing that requires a little thinking about what would really make a property that shining gem….

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The Bailout Will Help Real Estate Market

When the banks begin to loan again, the market will begin to swing back up When the Treasury Dept decided to add more to the bailout plan, the first step to right the ship was taken. There are pros and cons about all of the money and where it will go, but it is what is necessary to get the…

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Real Estate Agents Doing More to Sell Homes

In a market that is one of the worst in many years, real estate agents are doing exactly the opposite of the home buyer; they are spending more money on the homes they are trying to sell. From fixing up the homes to shooting high tech virtual walk through, real estate agents feel the need to impress the few buyers…

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