Carleton Sheets - *Best-Selling Author
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Tag >> Real Estate 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
Posted by: Carleton Sheets in Tenant, right to rent, Renter, Real Estate Market, Real Estate, Market Value, landlord, Foreclosure, fair market value, borrower on
Aug 14, 2009.
In an effort to deal with the growing number of foreclosures on the market, yet another program has been proposed. The Right to Rent Plan would actually allow distressed homeowners to stay in their homes after the foreclosure sale ... by paying a fair-market monthly rent to the "landlord" (the lender who foreclosed on the former homeowner). (Don't get this program confused with an earlier one
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
I've been reading articles about homeowners who rent out their homes in certain circumstances. And, apparently, there are several motives ... some homeowners who purchase another home or have a job-related-move and haven't been able to sell their original home make the decision to turn it into a rental. And sometimes those who can't afford to pay their mortgage and don't want to declare
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 Vacant, Vacancy, unemployment, Trend, Tenant, Renter, rent, Real Estate Market, commercial real estate, commercial property, apartment on
Jul 13, 2009.
A recent report on CNNMoney.com about apartment vacancies reaching historic levels reminded me of one of my blogs I wrote last October, Where Are All the Renters?, and another one, Bringing Families Closer Together, that I posted in February of this year. The CNN article talks about how the rising unemployment rate has hurt apartment rentals. One demographic hit hard---the 18-25 year olds
Posted by: Carleton Sheets in Value, Tenant, Residential, Refinance, Real Estate Market, Real Estate Investor, Real Estate, Market Value, commercial real estate, Commercial Lending, Commercial on
May 26, 2009.
I'm sure you've been reading more and more about how the commercial real estate market is following in the footsteps of the residential real estate market. And perhaps you've been wondering how these markets are different. Well, let me explain. First of all, both markets suffer as bad mortgages, the credit crunch, and plummeting values affect homeowners and residential and commercial
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
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