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
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 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
Overwhelmed with the sheer volume of foreclosures and mortgage modifications, a number of lending institutions are unloading their portfolios of toxic mortgages and the notes are starting to trickle to investors.
Notes can be a good way to secure long-term wealth, since you are the "bank", collecting the monthly mortgage payments plus interest. Prices for purchasing these mortgage notes,
Posted by: Carleton Sheets in Value, Securities, Real Estate, Property, mortgage, Market Value, Mark to Market, Comps, Comparables, Comparable value, Asset on
Mar 19, 2009.
Have you read or heard about mark-to-market accounting in the news lately? Mark-to-market accounting is an accounting theory of pricing assets based on their fair market value that larger banks use in reporting their shareholder equity. So how does this tie into the real estate market?
When you are analyzing a property to purchase, you need to get a sense of its current value. You do this by
What is a good deal in today's market? Well, my decision on whether to purchase an investment property depends on a few things:
- The fair market value in the area.
- How much work the property needs.
- What my plans are for the property (rent or resell).
If you are planning to use the property as your personal residence ... using a general rule of thumb ... you can probably pay up
I have a suggestion for your list of New Year's resolutions. If, like so many of us, one of your resolutions is to be more health-conscious by exercising, think seriously about exercising your creativity, too!
In all of my real estate programs, I emphasize the importance of finding different ways to accomplish a goal. Many times, the goal I'm talking about is acquiring property using
If you're considering purchasing a home or investment property and are trying to time the market to get the best deal ... don't!
Picture this scenario: Even at the bottom of the Grand Canyon, you'll find small hills and valleys, but they're still at the bottom of the canyon. Using the same analogy, although home prices may fluctuate a bit up and down, overall, they're still at or very close to
To say that 2008 has been a year of ups and downs would be putting it mildly! And now, with 2009 right around the corner, I'm going to take time to look back at 2008 and evaluate my real estate business---and I encourage you to do the same. What were some of the good decisions you made? Some of the not-so-good ones? How and where would you like to grow your business in 2009 ... and how can you
