Today, many individuals are seeking to tap into the money-making opportunities being provided by the real estate business. Investing in real estate is great way to rake in huge profits, no matter what the current economic condition is. And one of the best methods to invest in real estate is by rehabbing a house.In the real estate business, the term rehabbing mainly applies to the purchase, renovation, and sale of an old property for profit. Most...more
If you've even remotely considered purchasing a Los Angeles home and receiving the $8,000 Home-Buyer Tax Credit, you may want to start looking for a home immediately. The Los Angeles real estate market inventory of homes has been dropping steadily, down 57% since last year (according to Los Angeles MLS data). What this means is there is more home buying competition out there and a higher rate of real estate home bidding going on, due to a...more
The real estate recovery continues to roll along with a big 7.4 percent jump in home resales last month, according to the National Association of Realtors.The current sales pace is 44 percent higher than it was the year before, including detached single family homes, townhouses, condos and cooperatives.Equally important: Sales are up in every region of the country. They rose by 6.6 percent last month in the Northeast, 8.4 percent in the Midwest, 5 percent in the South, and nearly 11 percent in the West.And for the second month in a row, sales totals were higher in all price classes. For most of the year, by contrast, only lower and moderate priced houses saw sales gains, while higher cost properties languished on the market. Now they're moving too.Unsold inventories of houses also are down this year -- 16 percent below where they were the year before.Lawrence Yun, chief economist for the National Association of Realtors, said a last-minute rush by buyers hoping to close on properties before the scheduled November 30 deadline for the $8,000 first time buyer credit added a lot of sales to the impressive November total.Congress extended the November 30th closing deadline for the...more
We tend to get over excited on new things. We want to drive a new sedan for a whole day immediately after we bought it; use a personal computer for hours after we get out of the box; always look at the time in a new wristwatch. The same thing happens when we are rehabbing a home for the first time.When too much excitement sets in, we tend to think...more
With the increasing competition in the Philippine real estate market during the recent years, getting your real estate sold at the best possible price during the shortest possible time can prove to be quite a challenging task. This task can be made possible with the help of Umbrella real estate. As a real estate website that has been known to...more
Quick cash often becomes a necessity but selling the house is getting to be more difficult as equity is vanishing and banks are restricting lending. It is causing worry to all.During the boom years millions borrowed against their properties to repair and make additions or alterations to the house some essential and others fancy. Many borrowed to clear credit card dues, purchase flat television sets, new cars or to see the children through their education. Banks bent forward with advertisements goading the people to live richly in short encouraging them to take loans at the slightest pretext.But those days are over the house cannot be milked easily. Property prices have fallen and equity has vanished with the worth of the house becoming less than the loan amount. One fourth of the borrowers are not eligible for home equity loans because of having gone underwater. Those who do have some equity are finding that the banks have become strict and are reluctant to advance mortgage loans. Credit card limits too are being drastically reduced.This sudden and sharp pulling back is harming the economy, the budgets of families and the account books of the banks. There are clear signs that...more
What is the MLS and How Can It Help Laguna Beach Home Buyers?The Multiple Listing Service (MLS) is often the first resource for buyers and realtors looking for Laguna Beach homes. It provides the most comprehensive listing of homes for sale,...more
To fix and flip properties, you will need a considerable amount of money to get started. Because you have to ensure that the house can easily attract the attention of a prospective buyer, you will need to shell out cash for the repairs and...more
Every individual in this planet wants to have their what they called "own home". If you are about to build a new home of yours, the chances you're focused on how do you want the overall look of the house, what features you need and the safety...more
So you've found your dream home in Laguna Beach, and you're all ready to call the seller and make your offer. But as many buyers often find, there's more to home prices than just the price tag - and often, how good a deal you get depends on how well...more
If you are in the real estate business, you may feel as though things are currently beyond your control. Do you worry about the state of the industry and what might be going on? Are you nervous about your ability to stay on top of things? Now more...more
Author: Daniel Mc GreyRehabbing houses is among the hottest trends in real estate today. In fact, many individuals have given up their regular jobs so they can focus on rehabbing houses alone. Given this, many people are wondering if this trend is...more