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5 things a buyer should know before making an offer

5 things a buyer should know before making an offer

One of the hardest and most important decisions buyers face is how much to offer for their next home. Here is a short list of steps to take to make a smart offer – one that gets you a great value, but is also likely to be successful at getting the property.

10 Frequently Asked Short Sale Questions

10 Frequently Asked Short Sale Questions

Here are 10 frequently asked short sale questions that are very helpful especially if you are just getting started or considering short sales as a means to acquiring pre-foreclosures. 1. What happens to the seller’s credit rating when they allow an investor to short sell their property? What typically happens is the loan will show up as “paid”...

Smart people are buying real estate

Smart people are buying real estate

Smart people are buying real estate. This cohort is led by John Paulson, the hedge-fund manager who made $20 billion betting against the housing bubble. Last fall he said in a speech: “If you don’t own a home buy one. If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.” Why...

The Sea of Foreclosures

The Sea of Foreclosures

With the mortgage crisis in full swing, homes are going into foreclosure left and right all across the country. In 2005 there were 850,000 foreclosures, with the number of foreclosures increasing every quarter.  A statistic found on realtytrac’s website states that in 12/2010 Florida alone had 25,461 foreclosures. All these foreclosed properties offer you...

Put Your Money in the Real Estate Market

Put Your Money in the Real Estate Market

Yes, now is the time to buy.  The stock market isn’t worth fooling with right now, savings accounts aren’t paying much at all, and who has the room to stock pile gold?  What is the one of the major things we all need to stay alive?  A roof over our heads.  Our area is full of people who need to rent.  Our military members who may only be here...

Decline in home values rivals Great Depression

Decline in home values rivals Great Depression

This was the headline in Inman News today. They went on to say that home values fell nationwide for the 17th straight quarter in 3Q 2010. We have experienced much of the same in the past four years along the Emerald Coast, too. However, that news is not entirely bad news unless you are a Seller. We know the market got way overheated and a lot of people bought at...