We have just made it thru the first quarter of 2013 and we are seeing solid evidence that our local real estate market is well on its way to being the best year for the housing market in over 7 years. While challenges still remain, like getting lenders to make loans a little easier to obtain, we are seeing good numbers in the housing sector here in Lee County. …continue
Here are the simple facts for a “sell and move up” in size home strategy…..ACT NOW!
Prices have been rising on homes now for 14 consecutive month’s. If your selling one home to move up and into a larger one, it does you no good to wait for prices to climb higher……..the price of the move-up new home will increase in value faster, than the price on the home your’re leaving behind. The time for this type of buyer to take action is now! …continue
The long standing FHA [Federal Housing Authority] rule forbidding “Flipping” within the first 90 days of home ownership has just been waived!
FHA has waived that requirement in an effort to stimulate sales of homes in a sluggish and persistently weak recovering housing market here in the U.S. By waiving this rule till 2014, FHA hopes to encourage investors to buy…rehab…and resell distressed properties. …continue
How about the concept of “First Time” buyers……… skipping the starter home market altogether, and buying a larger “Forever” home, since it now takes longer to build equity in a home.
If you’re a first time buyer, no children, in your 20′s, have good income, it just makes sense to skip the 1200 – 1300 square foot home and go on up into the larger homes, with more to offer, and keep the home longer. With record low-interest rates, homes still at bargain prices, 40 year mortgages being available……..why not buy a “Forever” home and grow into it.
The traditional thinking has always been for young couples to buy a small starter home……build equity over a few years, and as the family grew, sell and use that equity as your down payment on a larger home. That “start -out-slow” approach is no longer the approach in this “new normal” market. …continue
There is a way to slow or even stop the lenders foreclosure on the loan on your home. But before I show you the method, I want you to have a good idea of the steps in the foreclosure process.
A foreclosure case is a judicial proceeding that allows the lender to get legal title [deed] and possession of your property. Once obtained, the lender will re-sell to try and recoup as much of its money as possible. Unlike some states, Florida requires all foreclosures to go thru the courts and adhere to set guidelines. As of May 2012 the turn around time from the first missed mortgage payment to the bank is taking 24-30 month’s. …continue