Real Estate

California Home Prices and Sales Are Down – San Bernardino Hit Hard By Foreclosures – Excess Inventory in Victorville Valley

California Home Prices and Sales Are Down – San Bernardino Hit Hard By Foreclosures – Excess Inventory in Victorville Valley

Stock Photo

(Best Syndication) California still dominates the foreclosure news, with a high rate and a large number of foreclosures. Home prices are on the decline in the Victor Valley while homes sales for existing single-family homes fell 60.2 percent from the same period a year ago. Housing prices dropped 11.1 percent compared to June 2006, according to one report.

RealtyTrac, which publishes the largest and most comprehensive national database of foreclosures, reports that Nevada, California, Colorado post top foreclosure rates with one in 175 households being in foreclosure in June. “California registered the nation’s second highest state foreclosure rate, one foreclosure filing for every 315 households,” according to their research.

Finding Private Investors

Finding Private Investors

Stock Photo

Need quick cash to close a short sale and take your pre foreclosure business to the next level?

One of the most critical elements of real estate Investing is where to find the money to fund your deals. Some of those choices are:

1. Banks
2. Credit cards
3. Lines of credit
4. Creative techniques with the seller
5. Partner(s)
6. Hard money lenders
7. Etc., etc., etc.

The burning desire to finally become the full-time real estate Investor had come to fruition. I quit my full-time job of 17 years in November of 2001. With this career change, I immediately needed to face the nagging problem of “Where do I find private investors to fund my real estate deals?”

Affordable Homes: Real Estate In Nation's 10 Most Cheap & Livable Metro Areas

Affordable Homes: Real Estate In Nation's 10 Most Cheap & Livable Metro Areas

Stock Photo

The 10 most livable and most affordable real estate metro areas in the United States have a number of other favorable characteristics in common, according to a new HouseHunt “Current Real Estate Market Conditions” survey conducted by HouseHunt, Inc., a consumer-oriented Internet firm that provides free information to thousands of homeowners, home buyers and home sellers across the nation. The survey shows median home prices range from $130,100 to $194,400 for existing homes for sale and also found:

• The majority of the 10 metro areas report balanced, good-to-active housing markets with sellers usually getting 95% or more of their asking prices. Inventories of unsold homes are mostly limited.

Creative Real Estate Financing Methods

Creative Real Estate Financing Methods

Stock Photo

This is the age of creative real estate financing. Maybe you remember when financing meant you saved up enough to put 20% down on a house, and then got a mortgage loan for the other 80%? You can still do that, but there are many more options now. Here are ten of them.

1. Second mortgage loans from sellers. Many banks will allow you to have as little as 5% into a home purchase, but will then only loan you 80%. The seller can take payments on a second mortgage from you for the other 15%.

2. Manufacturer loans. Manufactured-home companies are arranging financing with 5% or less down for their buyers. This can be as little as $2,500 down if you already have a lot to put the home on.

The ABC News Program 20/20 Explores Home Buying Options With Two Couples – No Money Down House Purchased With David Bach

The ABC News Program 20/20 Explores Home Buying Options With Two Couples – No Money Down House Purchased With David Bach

Stock Photo

(Best Syndication) Home ownership is a necessity and the first step in becoming wealthy, according to author and financial expert David Bach. Bach has appeared on Oprah Winfrey and the ABC News program 20/20. On Friday night he told the 20/20 audience "You can't get rich if you're a renter. The American dream of home ownership has really separated the rich from the poor in this country. The average renter in America today is worth less than $5,000. The average homeowner is worth over $172,000.”

Bach says that many people can afford a home but do not take the initiative to actually buy one. "There are nearly 10 million renters today that could actually afford to buy a home, to get a mortgage, but they don't know it," he said. "You don't need a big down payment. You don't have to have perfect credit." To prove his point he took two couples and started working on their home ownership.

Syndicate content
Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved