Still a good time to sell

With the holidays coming, it is still a good time to sell.  Interest rates are still low and buyers are still optimistic about the future of properties.  They are almost twice as optimistic of the market then 2 years ago.  Buyers are well informed using REALTOR servicessocial media and their mobile devices to locate their home of choice and other information that was not available in the past.  So if you’re thinking about selling the home but you want to improve the property, some improvements will have a better value then others.   So work with your budget and get the most bang for your money.

California prices are up!!

If you’re thinking about selling your property here in California, now might be a good time for you to do so.  Median home prices are up in most, if not all of the counties in California.  Locally,  San Mateo and Santa Clara counties have low inventory, but is increasing, so there would be more buyers for your home and you’ll get a higher price for now.  It’s been about approx. 7 years since the great recession and finally we see an improvement for our state.

If it’s the right time to sell, don’t forget to use a REALTOR.  You’ll be glad you did.  There are so many things involved in a sale, you need a REALTOR to help you get the best price for your home, with least amount of stress.  Believe me, if you don’t know what you’re doing, it will cost you in the end.  The fee is still tax deductible until the government takes it away.  Remember when commercial property mortgage payments and your interest paid to credit cards were tax deductible ?  Well not anymore.

 

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Fannie offers to pay closing cost

If you plan to purchase a home in the near future, you might want to speed up the process in order to have 3.5% of your closing cost paid by Fannie Mae.   That’s right, Fannie Mae is trying to decrease their inventory of REOs.  If you close on a HomePath property by June 30, 2011, you’ll be able to save 3.5% of the purchase price in closing cost.   So act now!!!! 

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Improve your credit scores

Thinking of taking the pludge and make one of the biggest purchase in your life?  Unless you have lots of cash, you’re probably going to finance the purchase.  A big part of procuring a loan at the lowest interest rate posible is to have a good credit score.  There are some things that you can do to improve your scores.

1/3 of americans can not qualify for a mortgage because of their credit scores.

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HAFA program

Have you had an experience working with a short sale?  If you did, you’ll agree that there is no guarantee that the home will be sold to you, no matter how long it takes to get an approval and how frustrating it is to not know if you are going to be able to buy the home.  Well, the HAFA program is designed to help with the frustrations homeowners, sellers, buyers, and agents experience when going through the short sale process.  This program should help speed up the process and help people but there is no guarantee.  Only time will tell.

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10 tips for your home remodel project

Are you thinking about updating or remodeling your home?  Well, it can be an overwhelming task especially when you’re thinking about doing it your self.  When the job becomes a major project, then you may want to hire a contractor to help you with your project.  Like every industry, there are good ones and bad.  You need to know what to ask when you interview them for the job; things like asking for referrals, or copy of their insurance coverage, or even if they clean up after themselves when they are done for the day.  Here are 10 tips to refer to when you are planning to make changes to your home. 

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6 reasons to shop around for the best interest rate available!

Everybody has gone shopping for one thing or another so this should apply to mortgage loans too.  By taking the time to shop around for the best rates available, you could be saving thousands of dollars during the life time of the loan.  So it pays to be aware of the cost associated in obtaining a loan.  Not to mention, you will be more confident about affording and purchasing that home that says “buy me”. 

After all, purchasing a property could be the most expensive thing you buy in your life time.  Why not take the plunge now?  With the lowest interest rates ever available and lots of homes to choose from, plus slow economic recovery of the market, this is the best time to do so.

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$3 Billion more to help homeowners

Our government has said they would spend another $3 billion to help homeowners keep their home if they lost their job or have a medical condition that reduces their ability to work. Eligible homeowners could receive a no-interest loan up to $50,000 for as long as 24 months and stay in the home.  This program is to prevent further home foreclosures, but will it help and make a difference? According to RealtyTrac, foreclosures have increased 8% to $1.65 million in the first 6 months of this year with the current programs, so will this help or are we digging a bigger hole in the money pit for the next generation to cover? I hope it does help and get us out of this mess. However, it’s going to take some time to see if the extra money spent will make a difference, but at least, the government is trying to help people keep their homes.

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What can you do to avoid forclosure?

Having a hard time keeping your payments up? If you’re like millions of people facing the thought of loosing their home, here are some options from Fannie Mae, that may help your situation. A little knowledge goes a long way.  You may be surprised to know that there is a way for you to keep your home.

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