Archive for the 'Investment Property' Category
How to get rid of PMI – Part Two
December 7th, 2008 categories: Investment Property, Market Trends, Mortgage Help, Real Estate News
Last time we learned that PMI, like PMS, doesn't last forever. Aside from home owners asking for it to be removed and aside from lenders terminating it when the principal balance of the loan reaches 78% of the original loan amount, there is another way to have it eradicated. For people living in areas where their home value has risen, the value could actually exceed the amount of principal owned on the mortgage. In this situation the lender is under no legal obligation to remove the Private Mortgage Insurance. Usually if the home owner has been prompt on their monthly payments and is not an exceptional risk, the lender will agree to remove the extra fees. The hardest thing for most home owners to know is just when does their home equity rise above this magical 20%? A certified, licensed Appraiser like Verdad Valuation can help. Owner and appraiser, Kelly Seaton, says that it is his job to know the market dynamics of this area. (more...)| Discussion: 3 Comments »
Pre-Sales Appraisal Services
November 5th, 2008 categories: Home Improvement & Design, Investment Property, Selling Real Estate
Bryan, TX -- Looking for a second opinion on your home's value? Enlist the services of an objective, third party Appraiser. You will receive an accurate description of your home's features and a detailed analysis of the most recent and similar "comparable sales". "Having a recent appraisal of your home can be very useful at the negotiating table," said Kelly Seaton, owner of Verdad Valuation Services. When interested parties see an appraisal, an inspection, a survey, or a map of the home, these serve as additional tools that cut down on the time it takes to close. Seaton says Verdad Valuation can complete a residential appraisal in as little as one day if necessary, where a narrative appraisal for a rural property could take one week. It all depends on how much sales data is available and how much time is necessary to adequately research the survey, title, and sales of comparable properties. In addition to answering questions like "how much is my house worth", Seaton suggests a few other things to consider prior to listing your home. Certain upgrades and (more...)| Discussion: 4 Comments »
Credit Crunch? Media Feeding Frenzy
September 30th, 2008 categories: Buying Real Estate, Commercial real estate, Investment Property, Land & Rural, Market Trends, Real Estate News, Selling Real Estate
BRYAN, TX -- You and I know the media are out to make a buck. And most people know that a majority of the news is presented in a cunning way to grab your attention to increase media viewership to sell more ads to make a buck. What viewers may not know is that the recent hype on the alphabet soup mortgage companies (WaMu, AIG, FNM, FRM, ...) is just that - hype. Sensationalism to get you excited to grab your attention to increase media viewership to sell more ads to make a buck. It's like the Dallas Cowboys training camp... (more...)| Discussion: 1 Comment »
The Rich are Different than you and I
September 8th, 2008 categories: Buying Real Estate, Investment Property, Kids, Family & Personal Stuff
They have more money! Aside from the obvious fact that they do have more money the rich can seem to have a different mindset. As a realtor for 14 years I have worked with all types of clients. The people who have to get gift funds to buy their first house to the people that can write a check for any type of property they desire. It has been said that the poor plan for the weekend and the rich plan for their grandchildren's futures. Real estate is a wise long term investment if you have the right mindset. Email me at cstex99@aol.com or call me at 575-4663 and I'll help you on your road to riches. Brenda| Discussion: Your Comments Please »
Bryan-College Station Tx Need Financing for a Rehab Home?
August 18th, 2008 categories: Home Improvement & Design, Investment Property
So you found a rehab deal in Bryan or College Station, Tx. And with the renovation costs and the after repair value, this property will turn into a nice profit. You probably can even set a price that will make for a quick sale when the rehab is at completion. There is just one thing holding you back – finding the money to purchase it! In recent times, it was fairly easy. You would pick up your phone and call your local lender. Sure, the terms were steep, but the financing cost (more...)| Discussion: 1 Comment »
Foreclosure Home for a $1.00?
August 13th, 2008 categories: Foreclosures, Investment Property, Market Trends, Real Estate News, Real Estate True Tales
From an article in the Detroit News, this house in Detroit, Michigan was recently listed for $1.00. That's right. One American greenback. It sold for full price! The buyer plans to pay cash. Between sales commission and $1,000 bonus, buyer's closing costs, back taxes and a past due water bill, the sale will cost the bank owner about $10,000. The empty, foreclosed home is now a shell of its former self. As a vacant home, (more...)| Discussion: 5 Comments »
