Real Estate Information

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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ANALYSIS-Real estate funds set to lift India's fund industry
Reuters India, India - 4 hours ago
By Nishant Kumar MUMBAI, May 16 (Reuters) - India's booming fund industry is about to get even hotter with the launch soon of real estate mutual funds, ...
PE funds shy away from real estate sector Hindu Business Line
REIT Funds Are the Hot Properties Now Wall Street Journal
What do REMFs offer stakeholders? Hindu Business Line
all 7 news articles


HSH Nordbank appoints new real estate global heads
Reuters - 37 minutes ago
UL], one of Europe's most active property lenders, said on Friday it had appointed two new joint global heads to lead its fast-growing real-estate business ...


China Daily

China's real estate index down 0.65 point in April
Xinhua, China - 2 hours ago
BEIJING, May 16 (Xinhua) -- China's national real estate climate index was 104.07 in April, a decline of 0.65 point from March, the National Bureau of ...
China April property climate index up 1.42 pts yr-on-yr at 104.07 ... Forbes
Property prices rise 10% China Daily
all 9 news articles


Telefonica O2 sells part of real estate portfolio for CZK 4 billion
Telecom Paper (subscription), Netherlands - 35 minutes ago
Czech mobile operator Telefonica O2 has signed a master agreement with Bohemia Real Estate Investments for the sale of a part of its real estate portfolio. ...


Real estate agent bound and robbed
Toronto Star,  Canada - 1 hour ago
Police are looking for three men after a real estate agent was bound and robbed in the city's northeast end yesterday. Officers were called to a home at 35 ...
Real estate agent bound, robbed in east end Toronto Star
all 2 news articles


Windsor Star

Smooth landing for local real estate
The Gazette (Montreal), Canada - 1 hour ago
The Montreal real-estate market is coming in for a smooth landing this year and next with a moderate slowdown in both resale and new construction activity, ...
Record year forecast for Metro real estate Times and Transcript
Moderate increase in MLS sale prices forecasted for Calgary region Calgary Herald
Housing starts to slow in 2008 Canada NewsWire (press release)
Calgary Herald - Calgary Herald
all 86 news articles


Real estate blog: Local foreclosure and more
Newsday, NY - 3 hours ago
LOCAL FORECLOSURE. This bank-owned ranch in Westbury, built in 1958, is on the market for $236900; taxes are $7311. There are three bedrooms and one bath. ...


Commercial real estate transactions
Dallas Morning News, TX - 5 hours ago
Larry Eubanks of David Little Real Estate negotiated the lease with Lynn Canatella and Ashley Hickman of Boxer Property. Review Med, a Dallas-based medical ...


Telefonica O2 Czech Republic sells some real estate for 4 bln ...
Forbes, NY - 16 hours ago
LONDON (Thomson Financial) - Telefonica O2 Czech Republic AS said it signed a master agreement with Bohemia Real Estate Investments sro for the sale of part ...
CORRECTED - Czech Telefonica 02 sells buildings for CZK4 bln Reuters
all 9 news articles


Canadians flock to Hawaii real estate
International Herald Tribune, France - 17 hours ago
Now, Canada's strong oil economy and robust real estate appreciation has increased its citizens's discretionary income. And, while Canadians still view ...

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