Archive | Education RSS feed for this section
FHA Buyer’s 6 Month Seach Ends with Smiles
Being a first time home buyer in today’s market has it’s pros. You can take advantage of both FHA financing (only requires you to put 3.5% down) and the $8,000 first time home buyer tax credit.
However, if you have been looking then you know finding and securing a property can be extremely frustrating. Not only [...]
Not Buyer Beware. Buyer Prepare.
17. December 2009
If you are a buyer writing offers on short sales, be prepared. A short sale is not a foreclosure, but it is a “distressed sale” with a distressed seller. In order to start the short sale process, the seller must write a hardship letter to the bank explaining how their situation has changed since they [...]
Continue reading...What’s the deal with the “No FHA Offers for 90 days”?
17. December 2009
What’s the deal here…
Buyer: So I’m seeing a new home (detached and attached) which would qualify condition wise, complex approved for FHA sales and so on. Why is the listing agent saying no FHA offers for at least 90 days?
Check out the Housing and Urban Development site for all the details.
But basically it’s likely a [...]
Do all Bank Owned Properties Have Multiple Offers?
14. December 2009
No, some even good values slip past the initial MLS/Consumer radar.
Example: 711 Greyfield Court, Fallbrook 92028 – MLS 090066549
Bank Owned. Listed over 2 weeks ago below all other comps in area. Premium location at end of cul-de-sac, very clean interior, 16,000+ sq. ft. lot. Built in 2001. Almost 2,700 sq. ft. Gated community of Peppertree [...]
Become A Better Investor: Pipes
9. December 2009
A pipe leak in your investment property can really screw up your expected returns. And if it’s a foreclosure, there are no disclosures and no previous owner telling you about the property. A pin-hole leak while your tenant is not at home could cost you more than you might expect. Here’s some quick tips on how to minimize the chances of you going bankrupt your first time around the board. (Monopoly reference…we love the game)
Continue reading...
28. December 2009
1 Comment