Even slight increases in the 30 year mortgage interest rate may affect how home buyers perceive the market. Worse still, with budget belts so tight, even a few points can mean the difference between affordability and impossibility. Have we seen the last of super low interest rates? Some experts believe banks simply have to increase rates to survive.
Deciding the “Where” of Buying a Home
January 14, 2011 by
Buying a home involves many crucial decisions, not the least of which is the “where” of your new home’s characteristics. Choosing the area and neighborhood you buy a home in may be the most critical decision any home buyer can make. RealtyBizNews suggests some variables to consider when considering where your next home will be.
Home Prices Down 30 Percent Nationwide
January 12, 2011 by
S.&P./Case-Shiller index suggests massive opportunities for those investors capable of taking advantage of the “buyer’s market” in place this year. With home prices poised to hit bottom, some experts suggest now is the time to invest. Still, the industry will encourage caution. For some though, all time low price is a powerful incentive.
Why Is a Tip Top Credit Score Important?
January 11, 2011 by
It is no secret that today’s economy is as challenging as at any time for the potential home buyer. Forget what sellers are going through now, if your credit is even a bit tarnished you may stand little or no chance of buying a home. And this is the way it may be for the foreseeable future. Here are some tips about credit you may not know.
Where the Best Foreclosures Roam
January 11, 2011 by
It is no secret that investors can gain windfalls by buying some foreclosed properties. A recent study shows clear advantages to buying forclosures in some cities too. Where price is the determining factor, clearly some places are better than others. But depressed markets have their down side too. Forbes’ list of cities most likely to drop prices again this year reveals at least cost advantages if the investor does his or her homework.
Lease Options to the Rescue
January 10, 2011 by
When sellers give up hope of ever getting their money out of a property, getting them to list a property can be almost impossible. The same is true for marginal buyers who cannot pass stringent credit or down payment stipulations. A lease option agreement is one possible way for the two ends to meet. Putting buyer and seller into a lease option is another task a qualified Realtor can excel at.
The 10 Best Cities to Buy a Home
January 8, 2011 by
CNN Money just compiled the list of top small cities to relocate to. If living as close to Utopia as possible is in your plans or dreams, then these 10 towns may be right up your alley. Sometimes location is everything, and for the home buyer looking for the perfect place to raise a family, this list is a good place to start.
