We hear it every day on the National news, "the housing market is in terrible trouble and it might not rebound for years." Here in Mid-Missouri, things are still looking great.
Yes, the inventory is up some from a year ago, but we are still seeing homes being sold at a steady pace. Calls are still coming in for showings and why not, interest rates are very low, and money is still fairly easy to come by for most borrowers.
Also, now is a good time to buy, because some folks here in the Midwest are actually listening to the forecasters of gloom and selling their properties at a huge discount. For the savvy investor or home owner, this is a great time to buy.
Added together, low prices and great rates, what a profitable time to be in the housing market!
As an investor, the sub prime market situation has opened up a market for rentals, lease to buy homes and owner financing as exit strategies for these bargain homes.
So let those who may, listen to the doom and gloom of the housing market. As for the rest of us, let's take advantage of the situation and help those who need to rid themselves of a burdensome property and make it a win-win situation for all involved.
Monday, September 24, 2007
Tuesday, July 24, 2007
WHAT'S A SHORT SALE?
With foreclosures at an all time high, is there anything a home owner can do to try and save there credit? One solution is called a short sale.
Short sales are getting much attention lately as a tool to help to ease the pressure that the homeowner is facing. Basically, the definition of a short sale is to work with the lender to discount the note in order for quick sale of the home.
Most folks who get to the foreclosure point, are usually mortgaged to the max or over mortgaged. Lenders have been very lenient in the past few years and allowed owners to borrow more than they should.
Situations change and sometimes the home owner just can't keep up with the payments. This is where an experienced investor or Realtor with the knowledge of short sales can lend a hand.
They work with the home owner to "build a case" and a package to send to the lender, showing them why it would be in their best interest to work with the owner now and receive a fair portion of what is owed rather than spend a lot of time and money in the foreclosure process.
It becomes a win, win, win situation for all involved and the home owner can get on with their lives. Not all lenders will discount their notes because they typically are located out of town and don't know the local market. Others just have tunnel vision and haven't figured out that it would be best to take what they can get now rather to get even less in the future.
With the state of the housing market and the current lending situation, short sales are only going to increase and will continue to be one of the best solutions for the pre-foreclosure market.
Short sales are getting much attention lately as a tool to help to ease the pressure that the homeowner is facing. Basically, the definition of a short sale is to work with the lender to discount the note in order for quick sale of the home.
Most folks who get to the foreclosure point, are usually mortgaged to the max or over mortgaged. Lenders have been very lenient in the past few years and allowed owners to borrow more than they should.
Situations change and sometimes the home owner just can't keep up with the payments. This is where an experienced investor or Realtor with the knowledge of short sales can lend a hand.
They work with the home owner to "build a case" and a package to send to the lender, showing them why it would be in their best interest to work with the owner now and receive a fair portion of what is owed rather than spend a lot of time and money in the foreclosure process.
It becomes a win, win, win situation for all involved and the home owner can get on with their lives. Not all lenders will discount their notes because they typically are located out of town and don't know the local market. Others just have tunnel vision and haven't figured out that it would be best to take what they can get now rather to get even less in the future.
With the state of the housing market and the current lending situation, short sales are only going to increase and will continue to be one of the best solutions for the pre-foreclosure market.
Wednesday, July 4, 2007
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Jefferson City Lease To Buy Homes
Tired of buying a house for your Landlord?
A local real estate investment company has a solution to your home purchase dilemma. JCLEASE2BUY is in the business of turning tenants into home owners.
If you have a credit score that can be repaired during the lease period, a small amount of cash to put down as an option fee (which comes off the price of the home), and a steady source of income, you could qualify.
We now have some nice homes in nice neighborhoods in several areas and price ranges. You will be building equity through the rental credit program each month, which will come off of the price of the home when you get your mortgage.
This is an easy way to own your home that will eventually be all yours. In the mean time, you have the ability to make improvements while you are living in the home, in order to create more equity. Then the home will be worth more when you get ready to purchase it.
To learn more contact JCLease2Buy or visit the website.
573-659-7777
Jon email
Chris email
Website
A local real estate investment company has a solution to your home purchase dilemma. JCLEASE2BUY is in the business of turning tenants into home owners.
If you have a credit score that can be repaired during the lease period, a small amount of cash to put down as an option fee (which comes off the price of the home), and a steady source of income, you could qualify.
We now have some nice homes in nice neighborhoods in several areas and price ranges. You will be building equity through the rental credit program each month, which will come off of the price of the home when you get your mortgage.
This is an easy way to own your home that will eventually be all yours. In the mean time, you have the ability to make improvements while you are living in the home, in order to create more equity. Then the home will be worth more when you get ready to purchase it.
To learn more contact JCLease2Buy or visit the website.
573-659-7777
Jon email
Chris email
Website
Tuesday, July 3, 2007
Home Rehabs
Have you ever watched those weekend reality shows about buying a fixer upper and turning it into GOLD? They sure make it look easy don't they? But in reality, it takes some knowledge, skills and a lot of patience to go from ugly house to dream home.
One of the topics of this forum is real estate investing and we will be concentrating on several different aspects of that in future posts. Feel free to comment and add your knowledge and tips to the posts as we push ahead.
One of the topics of this forum is real estate investing and we will be concentrating on several different aspects of that in future posts. Feel free to comment and add your knowledge and tips to the posts as we push ahead.
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