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Featured Blog Posts
New Program for Lease/ Buy back of homes in California announced
This was just sent out to me today announcing a program that will allow a short seller to lease back, or potentially "buy back" their own home when doing a short sale.This could be great news for sellers that have had a financial hardship, but could afford a lease on a home in the same … [Read More...]
3 reasons why buyers are back in force even after going through a short sale of foreclosure
We have been experiencing an incredibly strong local real estate market with brisk sales at a typically slow time of the year. Over 750 homes went pending out of around 3000 homes available in the month of September 2012. I can recall how slow it was 4 years ago (just before the election) and … [Read More...]
Details on the new Obamacare Tax as it Relates to Real Estate Sales in 2013
What Are The Parameters Of The New Real Estate Tax? First of all, it is a tax that will only be imposed on households with a combined income above $250,000 or individuals with an income above $200,000. Regardless of the transaction, this is the first stipulation that must be met and excludes about … [Read More...]
Home prices are rising as inventory and interest rates hit all time lows
The Media has finally caught up with what I and many other Real estate experts have noted. Prices are rising. Supply and Demand control prices of commodities, and homes for sale (real estate) is a commodity. Most people tend to think of a home for sale as a product (i.e. a computer, apple, … [Read More...]
New Principle Reduction Program for underwater homeowners launched
News from Nevada on a new principle reduction program backed by the treasury department may lead to wider scale principle reduction programs throughout the country. Fannie Mae and Freddie Mac have agreed to participate in a new principle reduction program aimed at helping underwater homeowners … [Read More...]
April 2012 home sales in Manatee County keep record pace
This season has been busy! With March 2012 sales numbers being the highest in 6 a years, April was a little slower but still very busy. While not quite the 916 units that went pending in March 2012, April saw 809 homes for sale go to pending status. Still very impressive when you consider … [Read More...]
Foreclosures in Florida show no sign of a decline
The Wall Street Journal reported today that the amount of seriously delinquent loans is still a major concern despite news of improvements in the real estate market. Demand for bank owned homes, short sales, and regular sales have never been higher that what we have seen in the past two months. … [Read More...]
BANK OF AMERICA OFFERS UP TO $30K FOR SHORT SALE
Everybody thinking about a short sale right now with a loan through Bank of America, times has come to do it and potentially walk away with up to $30k in cash. This will be a case by case decision and should be initiated by the end of 2012. If you read my previous posting about short sale, this … [Read More...]
Today 65 Players compete for the U.S Open Qualifier event at Waterlefe
This morning, 65 golfers will be trying to earn the 4 top spots that would let them rise to play in a regional tournament that could lead to play in the U.S Open. Waterlefe's golf course is going to be a bit of a challenge today with a much need rain last night putting water on the course. Local … [Read More...]
3 REASONS TO DO A SHORT SALE NOW
What is a short sale? Simply put, the lender of record agrees to accept less of what's due when the property sells. 1)It is an alternative to foreclosure. This is a much better alternative than foreclosure where your house is sold off at auction and you are forced to move out … [Read More...]
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