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Friday, November 29, 2013

Delray Beach Foreclosure Deal of the Week



This house is centrally located 3 bedroom and 2 bathroom house located in central Delray Beach. Brand new all wood kitchen cabinets with granite counter tops. Brand new master bed room wood flooring. Renovated bath rooms. Family room can be easily enclosed to be 4th bed room. Open floor plan. Great lighting through out the house.

Fior more info click the link below:

http://dmetlika.areaprofloridarealty.com/listing/mlsid/332/propertyid/F1264411/

Thursday, November 28, 2013

New Home Buyer Tip: Pre Qualification Vs. Pre Approval

Have you been pre-approved for a mortgage? When this question is posed to a prospective home buyer they usually give an honest yes or no answer. But in many cases they do not know that pre-qualified and pre-approved have two similar but different meanings.

Pre-qualification is only a loan agent's opinion that you will be able to obtain financing. No verifications are made, so no formal approval has been issued.

Pre-Approval means your loan application has been taken through a rigorous procedure. Pre-Approval saves you the time of looking at houses you cannot afford.

Pre-Approved buyers are ahead in the home buying process. If you make an offer on a home and then apply for a loan, instead of the other way around, you are the mercy of the lender who now knows that you don't have time to shop around.

A Pre-Approval letter from a lender will also give you an edge when multiple offers have been made on a home. Pre-Approved buyers generally close escrow more quickly since most of the paperwork has already been taken care of.

I work with a great group of Mortgage Brokers who are extremely knowledgeable about different mortgage programs that include First Time Home Buyer Programs and Downpayment Assistance. Let me know if you would like them to contact you!





Saturday, August 3, 2013

Furnish Your Home For Less

Furnish Your Home For Less

Starting out with a "blank slate" can be both a blessing and a curse. The blessing comes if you have enough money to furnish your home with whatever you want from wherever you choose. Furnishing a home on a shoestring, though, takes creativity, an eye for a good value, and possibly some elbow grease.

While some discount stores, such as Ikea, sell inexpensive new furnishings, careful shoppers can find better quality for less money with used furnishings. Here are a few ideas for getting what you need at dramatically discounted prices.

Saturday, June 8, 2013

Foreclosures are cheap, but pitfalls may await buyers

ST. LOUIS – June 7, 2013 – Back in 2011, Christina and Brian Jenkins decided to take up a sideline as landlords. Since then, they’ve acquired three rental houses in the St. Louis area. Two of them were foreclosures.

They have advice for those who want to pick up a foreclosed house on the cheap, and it comes from a fairy tale.

“You have to go through a lot of frogs before you find a prince,” Christina Jenkins said.

The frogs may have ripped-out plumbing, or a crumbling roof or an air conditioner that disappeared. The princes sit in nice neighborhoods and need some paint, carpeting and other minor fixes.

The princes and frogs have one thing in common. They’re usually cheap compared with houses of similar size in the neighborhood. That’s what attracts landlords as well as would-be homeowners.

Saturday, May 11, 2013

How Does Your South Florida Community Stack Up?

Check out the Market Insider for any South Florida zipcode and find out all kinds of valuable information including:

Median Income
Education
Crime
Weather
Local School Information
Proximity to grocery stores, restaurants, places of worship, and more.

Just click the link below:

Market Insider

Many Homeowners Are Confused About The Mortgage Process

SEATTLE – May 10, 2013 – Most homeowners, especially first-timers, borrow a large amount of money to buy a home. But how much do they know about the process? A survey conducted by Ipsos Ipsos for Zillow attempted to find out.

According to the Zillow Mortgage Marketplace survey of first-time homebuyers, they answered one-third (32.5 percent) of the questions about basic mortgage information incorrectly.

Wednesday, February 20, 2013

Tuesday, February 5, 2013

Banks are Loosening Up

Money’s not easy, but it’s less tight
WASHINGTON – Feb. 5, 2013 – Banks are slightly loosening standards for many kinds of loans, and cutting into their own profit margins to try to make more loans, especially to businesses and real estate developers, the Federal Reserve says.

The central bank’s quarterly survey of bank lending officers said most banks haven’t made it materially easier to get business loans and commercial real estate loans in the last three months. But more than half of banks said they are accepting interest rates closer to what they pay for deposits, or other sources of money they lend out, according to the survey released Monday.

The report is one of the Fed’s primary ways to assess how credit is making its way into the economy, powering both business investment and consumer spending.

Monday, February 4, 2013

Why is Housing Inventory Falling?

What’s behind falling housing inventories?
NEW YORK – Jan. 29, 2013 – Home prices are increasing across the country as the number of homes for-sale continues to fall. But at a time when buyer demand is picking up, why is inventory still so low?

Inventories fell to 1.82 million at the end of last year, a 21.6 percent drop from one year earlier, the National Association of Realtors® reports.

The Wall Street Journal recently highlighted several reasons behind the dropping inventories, including:

Sellers hesitant to sell: About 22 percent of homeowners with a mortgage remain underwater, owing more than their home is currently worth. These homeowners don’t tend to sell unless a life-changing event occurs because they don’t want to take a loss on the sale. CoreLogic data finds constrained inventories in areas with the highest number of underwater borrowers.

Not enough equity to trade up: Homeowners often rely on equity from their current home to make a downpayment on the next home. With fewer homeowners seeing equity, they may not have enough money to move into a pricier home – a constraint on the would-be “trade up” buyer.

Investors continue to snatch up properties: Investors still snap up properties, but they’ve changed their strategy, which also constrains inventories. Now they’re holding onto properties and turning them into rentals instead of rehabbing and flipping them for profit. The result: fewer homes on the market.

Banks slowing down foreclosures: Banks have new rules to meet with the foreclosure process, and it’s causing them to move at a slower pace. Banks also are showing a preference for short sales and loan modifications, which curbs the number of foreclosed homes on the market.

Builders doing less building: Housing starts were at record lows from 2009 through 2011, so there’s less inventory added to the market. A rebound in the new-home market has only recently started to occur.

Sunday, February 3, 2013

Florida’s Lake Okeechobee is a hot spot for trophy bass

click the link below

Lake Okeechobee is a hot spot for trophy bass

Lake Okeechobee Rim Canal Property For Sale



Read more here: http://www.kansascity.com/2013/02/02/4044533/floridas-lake-okeechobee-is-a.html#storylink=cpy

Friday, February 1, 2013

South Florida: Top 20 Places to Buy Foreclosures

Topping a list of 20 metropolitan areas is Palm Bay-Melbourne-Titusville, the Irvine, Calif.-based real estate data firm said.

RealtyTrac looked at four criteria in tallying the “best places”: the supply of foreclosure inventory; foreclosure sales as a percentage of all transactions; the average percentage discount on foreclosures; and the annual percentage change in foreclosure activity in 2012 compared with 2011.

Also among the top 20 metro areas for buying foreclosures are Lakeland (No. 5), Tampa (No. 6), Jacksonville (No.7), Orlando (No. 9) and Miami (No. 12), according to RealtyTrac report.

The No. 12 ranking for the metropolitan area of Miami, Fort Lauderdale and Pompano Beach was based on the area having a 29-month supply of foreclosures, with foreclosures accounting for 28.7 percent of all sales during 2012. The average price discount on a foreclosed home in the Miami-Fort Lauderdale-Pompano Beach area was 31 percent in 2012, when foreclosure activity rose 36 percent from a year earlier, RealtyTrac said.

Thursday, January 24, 2013

Florida's Housing Market is Improving

Closing strong
ORLANDO, Fla. – December 20, 2012 -- Florida’s housing market has improved in 2012 compared to 2011, and keeps pushing forward. The year is closing out strong with sales and prices continuing their positive trends. With one month left to go, let’s look at the progress in November as well as year-to-date.
Florida’s pending sales were significantly higher in November. Single-family homes had 45.8% more pending sales in November 2012 than November 2011. Townhouse-condo pending sales were up 30%. Closed sales show a similar trend – increased pending sales push some closed sales through even with hurdles in the market. Both single-family and townhouse-condos closed sales increased from last year. The more exciting news – looking at the difference in the year-to-date numbers – is a 13,703 improvement in single-family closed sales and an 880 increase in townhouse-condos for the year as a whole.
Florida Closed Sales

Saturday, January 19, 2013

To Sell Your Home You Must Prepare Your Home

Buyers: Don’t just list a home – prepare it first
ORLANDO, Fla. – Jan. 16, 2013 – To sell a home or get top dollar, sellers must look at their property through the eyes of a potential buyer. Consider the following five tips:

1. Get rid of clutter and Aunt Mary’s photo.

“Selling your house is about taking your personality out of it and having people going through it envisioning their own life and personality,” says Candice Olson, host of “Candice Tells All” on Canadian television station “W Network.”

It’s hard for buyers to imagine themselves in a home decorated wall-to-wall with photographs of people they do not know, and knick-knacks that hold no special meaning. In preparing a home for sale, all the things that personalize a home to the family within should be stored for the next home – including all the pictures and magnets on the refrigerator.