Trying to sell a house? Try house staging to help sell it faster Christina Leavenworth Charissa Cowart Photojournalist: Kevin Sullivan Thursday, 20 Nov 2008, 9:13 PM CST - There's so many homes on the market and many of them simply aren't selling. What if there's a way your home could sell in half the time it takes others and you could get more money for it? Statistics show there's a way you can do that. It's called house staging. FOX10 News spoke with people who's homes were listed but never sold. "With so many homes on the market, what more can sellers do?" Sherri Nichols specializes in what's called house staging. Nichols told FOX10 News, "The homeowners need to realize staging is a vital part of selling in your home in a market like this." House staging means you stage your home wit...
Top 10 Most Promising Housing Markets Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity.These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says.Whatever the future holds for the housing market as a whole, Housing Predictor forecasts that these cities will continue to see steady, dependable growth.Top cities and the percentage sales prices have increased so far in 2008. Biloxi, Miss., 4.9 percent Salem, Ore., 4.7 percent Bismarck, N.D., 4.6 percent Spokane, Wash., 4.4 percent Yakima, Wash., 4.1 percent Austin, Texas, 4.0 percent Grand Junction, Colo., 4.0 percent Fargo, N.D., 4.0 percent Mobile,...
mortgage backed securities, you can look for substantially lower rates. This is the move that may really spur home sales. Here is the press release from the Fed... Press Release Release Date: November 25, 2008 For release at 8:15 a.m. EST The Federal Reserve announced on Tuesday that it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Banks--and mortgage-backed securities (MBS) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. Spreads of rates on GSE debt and on GSE-guaranteed mortgages have widened appreciably of late. This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support ...
By Tia Stanley, ...focused on people & the places they love!
(RE/MAX CAPITAL)
Top 10 Most Promising Housing Markets According to the housing forecast provided by Housing Predictor (11/15/08) for 250 markets, Mobile, Alabama has landed on the Top 10 Most Promising Housing Markets list, with a 3.9% increase in sales price for 2008. Going against the national trend, Mobile is expectd to continue with positive job and economic growth. Below is the entire list. Biloxi, Miss., 4.9 percent Salem, Ore., 4.7 percent Bismarck, N.D., 4.6 percent Spokane, Wash., 4.4 percent Yakima, Wash., 4.1 percent Austin, Texas, 4.0 percent Grand Junction, Colo., 4.0 percent Fargo, N.D., 4.0 percent Mobile, Ala., 3.9 percent Albuquerque, N.M., 3.5 percent
Meredith Whitney the most reliable of the banking analysts told the New York Post today that Citigroup is in big trouble and their CEO Vikram Pandit is wrong in thinking he can survive in its current form. "Pandit is wrong, Citi will not be able to stay in its current form," she said, adding that the banking giant must break itself up and sell off the pieces to raise capital and reduce its size....."Citigroup is in such a mess Stephen Hawking couldn't turn this company around," the money maven added. "It has lost the most money of all the banks, and has the greatest leverage."...."Citi is wrong if they say they are adequately capitalized. No bank is adequately capitalized today and Citi is no exception," she said...." This will get ugly quick and it looks like the government will get in...
Meredith Whitney the most reliable of the banking analysts told the New York Post today that Citigroup is in big trouble and their CEO Vikram Pandit is wrong in thinking he can survive in its current form. "Pandit is wrong, Citi will not be able to stay in its current form," she said, adding that the banking giant must break itself up and sell off the pieces to raise capital and reduce its size....."Citigroup is in such a mess Stephen Hawking couldn't turn this company around," the money maven added. "It has lost the most money of all the banks, and has the greatest leverage."...."Citi is wrong if they say they are adequately capitalized. No bank is adequately capitalized today and Citi is no exception," she said...." This will get ugly quick and it looks like the government will get in...
It will be difficult for the U.S. Government to allow another day of market turmoil for this financial behemoth. Paulson and Bernanke are, no doubt, trying to broker a private deal for them, but it wouldn't surprise me to see some sort of bridge loan or backstop similar to AIG or Fannie/Freddie. Look for this to occur before the Russian/Asian market open tonight, EST. This will be another interesting week...
It will be difficult for the U.S. Government to allow another day of market turmoil for this financial behemoth. Paulson and Bernanke are, no doubt, trying to broker a private deal for them, but it wouldn't surprise me to see some sort of bridge loan or backstop similar to AIG or Fannie/Freddie. Look for this to occur before the Russian/Asian market open tonight, EST. This will be another interesting week...
It will be difficult for the U.S. Government to allow another day of market turmoil for this financial behemoth. Paulson and Bernanke are, no doubt, trying to broker a private deal for them, but it wouldn't surprise me to see some sort of bridge loan or backstop similar to AIG or Fannie/Freddie. Look for this to occur before the Russian/Asian market open tonight, EST. This will be another interesting week...
It will be difficult for the U.S. Government to allow another day of market turmoil for this financial behemoth. Paulson and Bernanke are, no doubt, trying to broker a private deal for them, but it wouldn't surprise me to see some sort of bridge loan or backstop similar to AIG or Fannie/Freddie. Look for this to occur before the Russian/Asian market open tonight, EST. This will be another interesting week...
(A Prime Properties Group / Executive Investments)
www.CliftonHenderson.com Its exciting time, Yes thing are bad in the economy, But.... Its like the saying" If you have lemons, make lemonade". I have seen more people in this business pull together in the last few months, to try to "Make It Happen" Mortgage companies, Title companies and Realtor sharing their expertise to assist each other. After all almost all Real Estate transaction takes a Realtor with a Mortgage co that all ends up at the Title co. With foreclosures and distress properties on the rise with no sign of slowing down, I have seen the investor community really pull together. With the start of www.PortCityReia.coma investment type club in Mobile Alabama open to all interested in the Real Estate Investment field. The investment process usually greatly improves the quality...
Why join a REIA? I could create a long drawn out blog post why joining a REIA is a good idea that you probably would not read.........instead I will let someone else tell you http://tinyurl.com/5s2rc9 Enjoy, Lawrence Roberts - Port City Real Estate Investors Assoc.
This is a blog post from my buddy Ned Carey in Baltimore, MD @ www.baltimorerealestateinvestingblog.com about how you make money in real estate. Enjoy! How do I Make Money in Real Estate? I recommend if you are serious about real estate you should go to your local Real Estate Investor Association (REIA). It is a great place to network and meet successful investors. You only have to go to a handful of meetings however, before you are pulled in six different directions, because each month the speaker has a great new way to make money in real estate. There are a thousand ways to make money in real estate! Not really, but it can sure seem that way sometime. It can be confusing, especially if you are brand new to hear all the different methods and techniques. It is hard to focus when you are...
First-time home buyers -the government enacted a benefit to help you make your first home purchase? The incentive gives first time home buyers a federal income tax credit up to $7,500. Part of the "Housing and Economic Recovery Act of 2008″, creates a temporary, federal tax credit to provide incentive for first-time home buyers to purchase a home. Rob Dietz, economist for the National Association of Home Builders (NAHB) points out, the effects of the credit may extend far beyond the first-time home buyer; as first-time home buyers purchase homes, many home sellers will be able to move up and invest their sales profits into new homes as well. Since the money must eventually be paid back, the tax credit essentially acts as a no-interest loan that reduces your tax liability for the year...
No one likes to hear about people losing their homes, but industry analysts predict that real estate markets across the country will see home foreclosures through 2008 and into 2009. When banks foreclose, the properties will go back on the market, and buyers ready to purchase new homes will be able to find some good deals out there. Mortgage and Renovation Costs Bundled into One Loan Package So what happens if you find a home in the perfect location that meets your family's basic needs but requires major improvements or repairs? The answer for that fixer-upper may lie in a renovation mortgage - a lender program that allows home buyers to finance the mortgage and fix-up or construction costs together in the same loan. How do renovation mortgages work? There are several options avail...
Yes its true to say they are desperate to kick start the economy. With the 700 billion dollar bail out passed and in the works. Now the Fed Chairman kicking around with Bush and wanting to see another stimulus package of hand out checks to citizens. The talk of buying up Corporate paper to loosen up and release the credit market for Banks. All this seems to be going for naught right now. Tweaking here and there trying to see what will work. With the only positive effect being the slow down in the economy having a positive effect for the consumer in the lowering of the price of oil that has cascaded down to lowering of gas prices at the pump. Lower gas prices will in no means boost the sluggish economy. With retailers gearing up early for the holiday season with lower prices and sales t...
It had been a few days without a day new Fed funding facility ... From the Fed: Federal Reserve announces the creation of the Money Market Investor Funding Facility (MMIFF) The Federal Reserve Board on Tuesday announced the creation of the Money Market Investor Funding Facility (MMIFF), which will support a private-sector initiative designed to provide liquidity to U.S. money market investors. From the Fed... Press Release Release Date: October 21, 2008 For release at 9:00 a.m. EDT The Federal Reserve Board on Tuesday announced the creation of the Money Market Investor Funding Facility (MMIFF), which will support a private-sector initiative designed to provide liquidity to U.S. money market investors. Under the MMIFF, authorized by the Board under Section 13(3) of the Federal Reserv...
With the country being entrenched in a economic down turn. Volatile stock market and credit bound up. The Real Estate market in Mobile has held its own. Granted there was a bit of a slow down in the market but it was not impacted like the rest of the country. The city of Mobile has plenty of amenities with new industry moving in and innovative leadership that has forward thinking vision of placing Mobile in the position to be a world class city. Planning controlled growth and expansion with deliberate control on how a what the city and surrounding areas in the County will progress. This steady growth in the Real Estate market in the area is visible with property values holding steady a bit lower but still up. You can buy much more house for your money in the City of Mobile than anywher...
