Real Estate Selling

Helpful Information for the Real Estate Seller.

Real Estate Selling

Entries from January 2009

Understanding Short Sale Real Estate Investing

Jan. 31st, 2009

You might be rightly afraid to deal in real estate in the present scenario since you would not know whether the price of the property that you have just purchased might fall even further before you have a chance to flip it. In this case you should consider short sale real estate investing. Essentially, a [...]

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Home Improvements Loans Are a Bad Idea

Jan. 31st, 2009

Most homeowners do not save money for major improvements and required maintenance, and these homeowners often take out home equity lines of credit as a method of mortgage equity withdrawal to fund home improvement projects. The logic here is that renovations improve the property so an increase in property value offsets the additional debt. This [...]

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Mortgage Equity Withdrawal is a Cultural Pathology

Jan. 31st, 2009

Mortgage Equity Withdrawal or MEW is the process of obtaining cash through refinancing residential real estate using the accumulated equity as collateral for the loan. This is a cultural pathology because it is not sustainable. Many people became addicted to using their houses as an ATM machine, and when prices fell, these people lost their [...]

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I Want to Sell My House Fast But It’s a Down Market

Jan. 31st, 2009

There are all sorts of reasons that people pick up the phone, dial a realtor, and say, “I want to sell my house fast.” It doesn’t matter if you’re getting married and buying a house with your spouse or one step away from foreclosure, when it comes to selling our homes we want to move [...]

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How To Train For Success as a Real Estate Agent Like a World Class Athlete

Jan. 30th, 2009

World class athletes are something to be admired and revered. Think of the Olympic Games and how people sit enthralled, watching their fellow human beings commit extraordinary feats of athleticism. The truth is, most anyone could become such a competitor, but it takes extreme focus, commitment, dedication and a refusal to quit. The same attributes [...]

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They Aren’t Making Any More Land… Not!

Jan. 29th, 2009

All market pricing is a function of supply and demand. One of the reasons many house price bubbles get started is due to a temporary shortage of housing units. This is a particular problem in California because the entitlement process is slow and cumbersome. Supply shortages can become acute, and prices can rise very quickly. [...]

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Inflation and Home Equity – What Is the Relationship?

Jan. 29th, 2009

House prices historically have outpaced inflation by 0.7% nationally. In a normal market, this is the only appreciation homeowners obtain. This appreciation is caused by wage inflation translating into higher housing payments and the ability of borrowers to obtain larger loan amounts to bid up prices. In some areas where wage growth has outpaced the [...]

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The New Realities of Real Estate

Jan. 28th, 2009

In recent times many people have been treating real estate, including their personal residence like a business. Many homeowners and house investors had visions of becoming rich from their real estate. It also seems everyone thought they were an expert. Many real estate investors were looking like gambling addicts who thought they could make up [...]

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Downpayments Are Back! What Happened to 100% Financing?

Jan. 28th, 2009

Downpayments are required again thanks to the credit crunch. Many people thought 100% financing would be made available forever. They were mistaken. One-hundred percent financing will never return because it exposes lenders to too much risk. Most people do not think of downpayments as a way of managing risk, but lenders do. Downpayments reduce risk [...]

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The Day The Phones Stopped Ringing…

Jan. 28th, 2009

In recent years London and Monaco have both held the title of the most expensive property in the world, with Monaco recently outstripping London’s most exclusive areas to top the list of the world’s most expensive real estate. And as well as having the most expensive property in the world, Monaco can claim to have [...]

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