Investors Classifieds Latest News
Michael Jake shows how a wholesale house flip happens. A walk through of a typical REO, Bank Owned House, Estate House, tired rental property, and how the deal was Found, How it was Funded, and how the profit was made and how much!
I’ve been waiting a long time for this day. The day that I have positioned Investors Classifieds to be #1 and now I can teach you too. Investors Classifieds has been around since 2004 and has been a dream project of mine. The concept behind Investors Classifieds is to help people buy and sell wholesale […]
Like any tool it’s only as good if you use it. Personaly I have not sold any wholesale houses from it but, I have heard of a couple people that have. It does drive traffic to Investors Classifieds and my wholesale properties which means people are looking. Remember it only takes one buyer to buy. […]
Selling your private property is something private as well. It requires courage and confidence. Here are some steps that will help you to sell your home:
1. Look at your home condition. This is the first step that will make you easier to get a buyer. Buyer or consumers always need a first impression. The physics of your home, inside or outside, is very important to make them contact you for the price. So, make sure you have a property that is clean, neat, and well-cared. Who want to buy a home with filthy condition? Repair the leakages and re-paint the walls will make your home even nicer and attractive. If you can’t afford to fix it consider what’s called wholesaling. Wholesaling is much quicker than conventional methods but you will not get full price or street value. If you go-to Google or a search engine and type in “wholesale properties” you should be able to find some sites and people that can help you. InvestorsClassifieds.com is one of many site that offers a free posting service to help sell your home fast.
2. Price your home. How much do you want to worth your home? Of course it depends on your home physics and external supports. External supports mean the neighborhood and public access. The more accessible and nicer neighborhood will definitely in demand and can be considered plus points for your home. Also in pricing your home, it is important to look at the market. How does the market say? Market can be a good step point to set your home price. As an additional tip, always open for negotiation! People like to bargain.
Why are people sitting on the sidelines? It always amazing when everyone is doing something then people think it must be a good thing. What is the old saying “common sense isn’t so common”! Real Estate has been around for a long time and always been resilient to market conditions. But times have changed. With […]
CHICAGO (MarketWatch) — Helping Main Street as well as Wall Street has been an objective of President-elect Barack Obama throughout both the campaign and into the transition period. Some argue that home-buying incentives built into a new economic stimulus package — if done right — could help not only the housing industry and the overall economy, but also would-be home buyers who are facing a crisis in confidence as well as credit.
Waiver of Requirements of 24 CFR 203.37a (b)(2)
Pursuant to §7(q) of the Department of Housing and Urban Development Act (42 USC 3535(q) and 24 CFR 5.110, I hereby waive §203.37a(b)(2) of the regulations. That regulation prohibits a mortgage from being insured by FHA if the sale of the property that will be the security for the mortgage is within 90 days of acquisition by the seller. This waiver is limited to a sale within the 90-day period if the property is acquired through foreclosure, and is effective for a period of one year. In support of the waiver, I make the following Findings and Determinations.
By Nick Carey
HINSDALE, Illinois (Reuters) – Less than a year ago, few people in this affluent Chicago suburb expected the subprime U.S. housing crisis would hit close to home.
“We thought Hinsdale was virtually immune and we wouldn’t see any foreclosures, but we have,” said Dave Hanna, managing partner of Chicago-based Prudential Preferred CRE and president of the Chicago Association of Realtors. “Nowhere is immune.”
With a pretty red-brick downtown lined with stores, good schools and a railway line to nearby Chicago, Hinsdale has been popular among wealthy doctors, lawyers and executives.
It has also seen a 37 percent jump in foreclosure filings this year, according to research firm RealtyTrac, and local data shows the average home sale price has fallen to $1.07 million from $1.15 million in September 2007.
The consequences of years of devil-may-care mortgage lending during the U.S. housing boom were first felt among America’s poorer home owners. But if that is where it started, it did not stop there.
“People think this is just a lower-income problem,” said Mabel Guzmann, a Century 21 realtor in Chicago. “It’s not.”
Guzmann was recently called in to try to sell a $1.2 million home in foreclosure, but found it riddled with mold.
“There are few buyers for properties like that,” she said.
Along with their less moneyed fellow citizens during the housing boom, many wealthy Americans leveraged their home equity to buy anything from a car to stocks.
“High income does not necessarily mean smart or responsible,” said Michael Lefevre, head of the National Association of Mortgage Professionals (NAMP), a trade group.
He argues for financial literacy classes at U.S. high schools.
Now the market is awash with excess properties, depressing prices so much that many Americans owe more than their homes are worth. A sinking U.S. economy and huge job losses — more than 10 million out of work by December — have not helped.
Observers forecast it will take the overall market a long time to recover. In the meantime, it could be difficult to sell expensive homes: buyers may find getting a mortgage tough.
“I think it’s going to get worse,” Lefevre said. “2009 is going to be ugly.”
When it comes to doing business with a hard money lender there is a lot that you need to be aware of. After all, dealing with one of these lending companies is not the same as a more traditional bank or lender. For this reason, it is quite important that you consider what hard money […]