The problem is that most sellers will try to hide their motivation and will not give you a good price when they first talk to you on the phone.
via biggerpockets.
Jul 09
Jul 03
Although lower prices encourage true bargain hunters to look for deals, they can also scare off homebuyers. And, between the two, anxiety is winning
via msnbc.com.
Jun 20
Hindsight being what it is, then, why should it have surprised anyone that the housing market — and its rapidly inflating bubble — ultimately faltered? Given that prices so rapidly outpaced income, shouldn’t it have been obvious the center wouldn’t hold?
Apparently not.
“Everybody got caught up in the excitement,” said Paul Semanek, president of the Greater Capital Association of Realtors, a trade group.
via Times Union.
May 15
Title insurance is more needed than ever due to todays housing marketi. With the amount of shady foreclosures, robo-signing and corner cutting in the banking industry, and flat out fraud by the people in charge of holding your mortgage note, its just smart to plan for the unexpected. There is only one thing that can protect your home purchase from all of these ridiculous outcomes, and thats a title insurance policy.
May 12
Mortgage rates are near record lows and will probably rise in coming years. Home prices may not be done falling, but they probably don’t have much further to go in most places either. Rents, on the other hand, seem set to increase, thanks to low vacancy rates.
“Renters beware,” warned a newsletter that I recently received from a real estate agents’ group.
via NYTimes.com.
Apr 27
With falling home prices and higher inventories, most of the public views real estate as a “buyer’s market,” in which buyers hold more of the control and sellers will more eagerly accept lower offers just to sell.
Not so fast, say buyers and sellers. More buyers are finding the sellers in the driver’s seat
Apr 19
A bill introduced in the U.S. House of Representatives would waive early distribution penalties on certain qualified retirement plans if the funds are used to buy a house that has been in foreclosure for a year or more.
via HousingWire.
Apr 06
The saying, cash is king is on my A-List of most used and abused phrases in real estate investing. Knowledge is king, and will trump the use of cash pretty much every time out, given time
via biggerpockets.
