Carleton Sheets - *Best-Selling Author
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Tag >> Housing Market
Posted by: Carleton Sheets in Value, Real Estate Market, mortgage broker, Lender, Housing Market, Home Valuation Code of Conduct, fair market value, Economy, borrower, appraiser, appraised value, appraisal on
Aug 24, 2009.
There has been much debate in the real estate community about how the Home Valuation Code of Conduct for appraisals that took effect May 1 is affecting the housing market. The role of appraisers in the subprime mortgage debacle has been closely analyzed ... especially the fact that some appraisers allegedly felt pressured to bump the price of homes upward by providing faulty valuations and to
Many investors turn to flipping properties for relatively quick profits during the real estate market's boom years. However, savvy investors realize that even as times change and markets fluctuate, there are always opportunities in every market to make money flipping properties. In the case of first-time homebuyers, purchasing a home can be a little overwhelming---especially since many of
Posted by: Carleton Sheets in rent, Recovery, Real Estate Market, Real Estate, Market Value, Housing Market, fair market value, Economy, Distressed, Creativity, condo, Comps, association on
Aug 11, 2009.
One of my staff members recently sent me an article about a group of condo owners in Chicago who are taking a stand on the eight or so neighboring condo units that are in various stages of foreclosure. Members of the condo association are knocking on doors in an attempt to pass a referendum that would allow the association to purchase the "distressed" units and then rent them out until the
Posted by: Carleton Sheets in Seller finance, Seller, Real Estate Market, Real Estate Investor, Real Estate, Property, Note, mortgage originator, Limit, HR 1728, How to Buy and Sell Real Estate, Housing Market, Gift, Assistance on
Aug 07, 2009.
As I've mentioned before, seller financing---a great win-win situation for both sellers and buyers---is making a comeback in the current real estate market. However, I've recently read about legislation that will restrict seller financing and possibly hurt consumers, investors, and small businesses. The bill in question is HR 1728, and its aim is to curb the predatory lending practices of the
Someone recently asked me my opinion on the so-called "shadow inventory" of foreclosures ... the bank-owned (REOs) foreclosures that aren't on the market yet. If you've read this Wall Street Journal article, you might come to the conclusion that it's a conspiracy by banks to "under-inflate" their inventory of REOs. Have banks been holding onto the properties because they don't want to
Posted by: Carleton Sheets in Seller, Sale on Real Estate, Reverse offer, Real Estate Market, Real Estate, Property, Motivated Seller, Market Value, Housing Market, Creative Financing Techniques, Buyer, Builder on
May 22, 2009.
Once again, I have to thank my staff who brought a selling technique to my attention that I haven't heard about in years. A technique that was commonly referred to as a "reverse offer" is in the news again. This is an aggressive technique used when sellers present buyers with an offer to purchase the sellers' property---instead of vice versa. And although it's more common for builders to
When I was reading Forbes magazine the other day, I found an article that compared renting to buying a home in this market. The article stressed that every market is different, and that your local real estate market may dictate if buying or renting is the smartest for your investment dollars. I've always been an advocate of responsible homeownership, and I also encourage investors to practice
Posted by: Carleton Sheets in Tax Credits, Short Sale, Recovery, Real Estate Market, Real Estate Investor, HUD, Housing Market, Foreclosure, Deed in lieu of foreclosure, Barack Obama on
May 14, 2009.
As an investor, I'm excited about the new initiatives and incentives from Washington that I've been reading about the past week or so ... - First, and most recently, the Obama administration will be announcing new measures to expand its housing program. These measures are expected to encourage lenders to accept a short sale (if offered) or a deed in lieu of foreclosure when presented, rather
Posted by: Carleton Sheets in Real Estate Market, Real Estate, Property, Mortgage applications, Incentive, Housing Market, Economy, Confidence, Buyers market, Barack Obama on
May 07, 2009.
I've been reading quite a few articles lately suggesting that some analysts are beginning to see a glimmer of light in the housing market. For instance, a recent article in USA TODAY reported that well-kept homes in good neighborhoods are receiving multiple offers---even in states with high foreclosure rates. Why? It's a buyer's market right now and, as buyers become less "timid," they are
For several months I've been reading disturbing articles about the rise in rental vacancies---all across the county. Now the Wall Street Journal is voicing the same concerns. Rental vacancies---both commercial and residential---are up because of the economy. And although landlords have lowered rents (in some cases as much as 20%!) and offered other concessions, renters are continuing to renege
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