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Real Estate Information - Real-Estate Mortgages

Can I Sell My Private Mortgage Notes?


In this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing.

How to Prequalify a Buyer When You Sell Your Home By Owner


Before we get to the math there are a few terms you should understand.  The first is PITI which is nothing more than an abbreviation for "principal, interest, taxes and insurance.  This figure represents the MONTHLY cost of the mortgage payment of principal and interest plus the monthly cost of property taxes and homeowners insurance.  The second term is "RATIO".  The ratio is a number that most banks use as an indicator of how much of a buyers monthly GROSS income they could afford to spend on PITI.  Still with me?  Most banks use a ratio of 28% without considering any other debts (credit cards, car payments etc.).  This ratio is sometimes referred to as the "front end ratio".  When you take into consideration other monthly debt, a ratio of 36-40% is considered acceptable. This is referred to as the "back end ratio".  

Purchasing Property With No Money Down: My Personal Experience


Have you ever seen those infomercials about buying houses with ?No Money Down?? They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. You see this guy, standing on a street corner, talking to someone, and he says, ?I own that one,? pointing to a beautiful colonial. ?I also own that one next to it, and the one two doors down, and I?ll be closing on the one directly across the street from it, next week.? He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases he?s also paid no closing costs.

Budgeting Your Log Home: Where Do You Start?


The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. If you are shopping for a milled log package (as opposed to hand-crafted, which is a totally different category), the difference between one manufacturer's price and another is minimal when compared to the total cost of the structure. Here are some reasons why:

How to Get Financing after Filing Bankruptcy


If you're thinking about buying a home but have declared bankruptcy in the past, don't give up hope. There are still ways for you to be able to find a loan, even if your credit history is less than sterling.

Joint Ventures In Real Estate Development; So How Do They Work?


There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture.

How to Price Your Property?


A house properly priced is half sold. But there are plenty of ways to price it improperly.. * You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time.. On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale.). * You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you.. * You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay.. So how do you price your house?. By putting yourself in a buyer's shoes.. What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?. Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis. . And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?.

How to Make the Real Estate Market Work For You and Get The Most Money


How to make the Real Estate market work for you and get the most money.

Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...


Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced properties are available if you know how to buy them.

Real Estate: Reasons and Priorities for Purchasing Property


Real Estate: Reasons and Priorities for Purchasing Property.  It?s not just about Real Estate as an Investment.

A Powerful Suggested Technique for YOUR Home & Property Search


A Powerful Suggested Technique for YOUR Home & Property Search

Horses In My Back Yard


Horses In My Back Yard

How To Give Yourself A $20,000/Year Raise Without Asking Your Boss


Why without asking your boss?

How Do I Implement The Lease Purchase Plan?


Well, as we have discussed in previous newsletters first you have to set up goals for yourself, both long term and short term. Don?t forget these goals define how your business is run. They will determine what you do on a daily, weekly and monthly basis. The best way to do this is to picture yourself a year down the road. Close your eyes and get a mental picture of where you want to be, what you want to have, how you want to look, then open your eyes and write all that down on paper or speak into a voice recorder.

How I Became a Real Estate Investor


Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals.

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Media to blame for slump, say real estate agents
New Zealand Herald, New Zealand - 1 hour ago
Alistair Helm, the chief executive of realestate.co.nz, - the website owned by the major agents, says media stories have "an immediate and significant ...
Media can send real estate into nose dive Newstalk ZB
Be a (virtual) builder with computer game San Jose Mercury News
all 5 news articles


TV3 News

What is to blame for the downward trend in house prices?
New Zealand Herald, New Zealand - 44 minutes ago
Alistair Helm, the chief executive of realestate.co.nz, says the media is responsible for driving down house prices. Helm says he has found a correlation ...
Media blamed for slowing housing market TV3 News
all 3 news articles


RealEstate.com Announces New Features for Data Hungry House Hunters
FOXBusiness - May 5, 2008
Now, house hunters visiting RealEstate.com can get their fingers on neighborhood information for more than 22000 cities nationwide while searching homes for ...


RealEstate.com expands product offering
Bizjournals.com, NC - May 5, 2008
RealEstate.com has added features to its real estate listing Web portal, giving users access to neighborhood information for more than 22000 cities ...


RealEstate.com adds additional information to Web listings
Local Tech Wire, SC - May 7, 2008
CHARLOTTE, NC — RealEstate.com, which is part of Barry Diller’s IAC conglomerate, is adding more information to the nearly 2 million listings on its Web ...


Sales tax up, realestate down
Putnam County Courier, NY - May 8, 2008
Despite a downturn in the national economy sales tax receipts have broken an all-time record in Putnam County. The Putnam Legislature's Audit and ...


Good real estate lasts
Calgary Herald,  Canada - May 10, 2008
If you go to www.realestate talks.com, you can see some 46000 people arguing for more than 14 years about the ups and downs of Vancouver real estate. ...


RealEstate.com adds Google 'Street View' function in Nashville market
Bizjournals.com, NC - Apr 23, 2008
RealEstate.com has added a Google Maps Street View feature to its real estate listings portal in Nashville and 39 other metro areas. ...


Boomers' effect on housing
Marin Independent-Journal, CA - 21 hours ago
Mary Southall is a freelance writer and owner of commercial and residential real estate. E-mail your questions to her at realestate@neteze.com.


WAN stokes real estate fire
Sydney Morning Herald, Australia - May 2, 2008
Talks for the partnership with News Ltd began late last year, said Shaun Di Gregorio, the general manager of realestate.com.au, "certainly well before Mr ...
WAN property web launch The Australian
all 6 news articles

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