As we reported multiple times a few days ago, the US real estate market is down but not yet out. However, some companies see this event as an opportunity to do good things. For instance, the Los Angeles real estate firm, CB Richard Ellis just closed a $2.1 billion investment fund. The money will be used to buy properties nationwide.
Through this fund, the firm will be buying both properties that are only in need of minor repairs and those that need more improvements. The latter will fund real estate development.
CB Richard Ellis Investors is an independently operated affiliate of Los Angeles-based CB Richard Ellis Group Inc., the world’s largest real estate brokerage.
There’s been bad news brewing in the US real estate market. Instead moaning about it, one should rise above this problem and do something about it. So how does one sell despite the doom and gloom around us? According to Jennifer Allan, real estate broker, author and consultant, here are tips on making sure that what you sell won’t be sitting on the list forever:
Price is King. Properties must be priced more aggressively than their competition to even be shown, much result in an offer.
Condition is Queen. A home that evokes a negative or even a neutral first impression has little chance of selling.
Accessibility rounds out the top three. If a listing is hard to show, regardless of the reason, it will be passed over.
Tags: Ins and Outs · Market
As inventories shrink, home prices often go up as more buyers struggle to buy a limited number of listings. When the demand for housing deteriorate, it takes longer for homes to sell. Inventories tend to intensify as does the unsold inventory index. In this sort of environment, prices may gradually sink. Not long ago, the unsold inventory index has been at an all time low nationally. In spite of that, national trends don’t necessarily tell you much about the pace of your local real estate market. Home sales normally take 30 to 60 days to close. It doesn’t describe where the market is going, or even where it is today.
Tags: More Information
People who wants to take on the lucrative real estate sales career has help coming up. The University of Cincinnati Clermont College announced the four required state of the art courses recently developed in consultation with local real estate professionals and experts in the business community. This is an great example of the academe and the industry working hand in hand. The course will offer accelerated real estate pre-license classes and will prepare the students in fast tract format to take the Ohio Real Estate Sales Exam.
Students will also earn up to 12 college credit hours through the UC Clermont College at no extra charge.
The spring session of classes is scheduled for 9 a.m. to 5:30 p.m., Monday through Friday, April 7 through April 25, at UC Clermont College’s site at Park 50 TechneCenter.
Taken from Intermountain MLS on 3 March 2008, here is a snapshot of real estate activity in Eagle, Idhao (condominiums and townhomes are not included.)
# Available: 464
# Vacant: 214
Vacant Percent: 46.1%
Average Asking Price: $731,669
Median Asking Price: $595,000
[Read more →]
People have been wondering when the housing market would recover and February gave them the figures they were expecting, on the positive. That lasted a few weeks then the downward spiral continued on its cycle of price drops. Experts are saying that the market is beginning to stabilize a bit with prices not going down too much compared to when the housing market initially crashed. Prices have dropped a lot and they say it has bottomed out to the lowest levels that it can’t possibly go any lower. [Read more →]
Tags: Information · Market · News
Real estate is a real market. Professionals are needed, unlike 15-20 years ago, the market was open to almost everyone, you hair dresser, your neighbor, your super market checker, when even anybody or just anyone thought he or she thought could play a real estate agent. Now, experienced and real estate professionals are in demand. One could not just take the chance of letting another handle his or her investments. People are more smart these days. Sellers and buyers realize that they could get the benefits from seasoned professionals in dealing with their transactions.
Buyers realize that they need help in finding the right home, one that is in top condition but priced correctly. Soon, the market would weed out the part timers and those who get into real estate because they think it is the easy way.
Tags: Information · Market
One of the things you should consider when looking to buy real estate is to know what you want in your mind. Defining what you want you property to be will save you a lot of time searching and researching. Utilize the internet and look at pictures of possible properties you’re interested in looking at before you visit a real estate agent. When going on look-sees, take notes about each house and for those your really like, try to inspect the walls and plumbing and whatnot for any possible problems. When assessing a particular piece of property – one you’re already set to buy – have a home inspector, an electrician and a gas man go through it first so you can be sure that everything’s working like it should.
A report released last year said new HUD data show that the program was able to help 33,000 homeowners in preventing foreclosure in three months. They also foresaw the possibility to help more than 50,000 more by end of year.
Tis will help families to avoid foreclosure. A huge number of homeowners are refinancing their exotic subprime loans with HUD. According to HUD more than 33,000 borrowers have already refinanced their subprime home loans with FHASecure, a government-insured foreclosure avoidance initiative created in September. 20,000 are in the pipeline for approval which brings the total to more than 53,000.
September 24th, 2014 · No Comments
In reaction to the uprising surge of short-sale properties and foreclosures, it is expected to consider new regulations to describe better the standing of the assets. Some local and regional multiple inventory services have worked out explanations and admissions in relation to the status of properties and build up their own strategy associated to bank-owned foreclosure properties and short sales. Short sales are naturally defined as dealings in which the lender agrees to recognize less than the full total due on a mortgage as soon as the property is sold in order to avoid a pricey foreclosure course of action.