Real Estate Market trends are expected to stay positive and likely to boost business dollar volume by as much as 15 percent this 2015. Now, New homes have now waiting lists.
Buying and selling real estate is a complex matter. At first it might seem that by checking local picture books or online sites you could quickly find the right home at the right price….right???
But a basic rule in real estate is that all properties are unique. No two properties – even two identical models on the same street – are precisely and exactly alike. Homes differ and so do contract terms, financing options, inspection requirements and closing costs. Also, no two transactions are alike.
Because market conditions can change and the strategies that apply in one negotiation may be inappropriate in another, this information should not be set in stone. During your time in the marketplace your realtor will keep you updated, and alert you to each step in the transaction process.
A successful financial life is all about maximizing the positive decisions and minimizing the negative ones, especially in real estate investments. The good news is that all negative decisions may be avoided.
Sandy Flores Broker/Realtor (714)963-7462
Real Estate is historically and currently, the greatest investment! We have the knowledge and experience to guide a “newbie” or a seasoned client through the process of creating wealth in Real Estate.
If you or someone you know would like to know more about real estate investments let us know. Call me @ (714)963-7462
In addition to the # 1 rule in Real Estate “Location, Location, Location” there are some other suggestions you can benefit from, to get top dollar for your home!
The strategy varies by neighborhood and market conditions, but staging a house to appeal to the maximum number of buyers can make difference in how fast the home sells.
If you have a limited budget, here are some tips that can make your house to sell for a top dollar:
Add color to you landscape by either replacing flower beds or potted flowers, along with fresh sod.
Replacing light fixtures and plumbing fixtures will give your home a modern touch for a minimal investment.
Consider removing popcorn ceilings; however you need to be careful because popcorn ceilings of pre-1979 homes are likely to contain asbestos, and you need someone licensed to remove it.
Remove window treatments, unless they are current and high-end. That cuts the risk of turning off would-be buyers who don’t share your taste, and uncovered windows that will let more light into the rooms.
If you’re using your dining or a bedroom as an office for example, turn it back to their original use.
Replace dirty or worn carpet, you’re better off removing the carpet if there are hardwood floors underneath.
Uncluttered your house by packing away items that you will not use on an every day basis is a must. You want the new family to envision themselves living in the home.
A deep cleaning before you put your home on the market is a must, so everything shines.
Repaint all rooms in neutral colors. A fresh coat of paint also makes the house look newer and more modern.
With a few simple, low-cost tweaks, you can significantly enhance your house’s curb appeal. Focus on low cost improvements. Since every dollar counts, devote your time in renovations that’ll bring you a return.
Fannie Mae is set to raise the benchmark interest rate for its Standard Modification program. Fannie Mae will raise its required interest rate for standard modifications from 4.375% to 4.5%. The rate was lowered from 4.5% to 4.375% on Sept. 15, but will now rise again in one week. Fannie Mae announced the change on Tuesday in an email sent to its servicers.
When the program began in Jan. 2012, Fannie’s benchmark interest rate was 4.625%. Fannie lowered the interest rate to 4.25% in Sept. 2012, before dropping it to 4% on Dec. 1, 2012.
“Fannie Mae Standard Modification interest rate is not determined on a preset schedule,” Fannie said in the note to its servicers. “The interest rate is subject to periodic adjustments based on an evaluation of prevailing market conditions.”
Fannie also noted that any loan modification requests that were approved at the previous rate are not eligible to be resubmitted for approval under the new modification rule