We tend to get over excited on new things. We want to drive a new sedan for a whole day immediately after we bought it; use a personal computer for hours after we get out of the box; always look at the time in a new wristwatch. The same thing happens when we are rehabbing a home for the first time.When too much excitement sets in, we tend to think in haste and lose focus. That is why it is important that we try concentrate, have a plan, and...more
What is the MLS and How Can It Help Laguna Beach Home Buyers?The Multiple Listing Service (MLS) is often the first resource for buyers and realtors looking for Laguna Beach homes. It provides the most comprehensive listing of homes for sale, regardless of property type, price, or neighborhood. All homes listed by Laguna Beach agents are automatically added to the MLS, unless they are specifically kept off the list, and often include a description...more
Know Your Options When Selling Your Home FAST!I am writing this today because most people simply do not know their options when it comes to selling their property. Typically sellers fall into two categories:The List and Wait SellersSellers who really dont want to sell and they put their home on the market to see if they will get a better price then what they paid for the home originally. If the property does not sell, they really dont care. These sellers just want to see if anything is going to happen with their home. These people typically deal with a Realtor, conventional buyers and may spend months maybe even over a year trying to sell their home.The OMG I Have to Sell SellersThese Sellers are typically people behind in payments or they are in a position where they need to sell their house for whatever reason. Maybe its divorce, death in the family, relocation or even when the home owner is upside down in their home but for whatever reason, this group of sellers just wants to make their problem go away with very little money out of their pocket. I am going to focus on the latter set of sellers for this article. When you are facing selling your home quickly, you need to...more
While this is definitely going to be the year of the foreclosed home market I still believe you can make some pretty darn good money finding and buying homes in pre-foreclosure. So what is the difference between a foreclosed home and a pre-foreclosure? Basically a foreclosed home has already gone through the legal process of foreclosure and the...more
A good foreclosed homes list is a powerful tool for the smart investor or homebuyer. A good listing service helps a buyer quickly and easily find the best bargains in real estate and offers the buyer everything he or she needs to close deals quickly and profitably. Of course, not all listings are created equal. Some foreclosed homes list services...more
The Making Home Affordable program is aimed to help save eligible homeowners from a deed in lieu of foreclosure. The guidelines of this program require lender to make a temporary reduction of payments for borrowers that are eligible for modification and are deemed to be in actual foreclosure or risk of imminent default.The Qualifying Rules- They mortgage loan itself has not been previously modified under the HMP.- If delinquency or default is reasonably foreseeable regarding the mortgage loan. Loans that are currently in foreclosure are eligible as well.- Mortgage loan must be secured by a one- to four-unity property, one of which must be the borrowers principal residence: 1. Mortgage loans secured by condominium units and cooperative share mortgages are also eligible for the HMP; 2. Secured loans by manufactured housing units are eligible for the HMP as well.- The property that is securing the mortgage loan must not be vacant or condemned.- The borrower must document financial hardship and represent how they, the borrower, do not have sufficient liquid assets to make the monthly mortgage payments. They must do this by completing a Home Affordable Modification Program Hardship...more
Picture yourself in this scenario: Youve heard from a friend that if you fix and flip houses today, you can easily build a fortune. So, you decide to watch the reality TV show he recommended. Now you think it really is easy. You decide to try...more
To fix and flip properties, you will need a considerable amount of money to get started. Because you have to ensure that the house can easily attract the attention of a prospective buyer, you will need to shell out cash for the repairs and...more
Every individual in this planet wants to have their what they called "own home". If you are about to build a new home of yours, the chances you're focused on how do you want the overall look of the house, what features you need and the safety...more
So you've found your dream home in Laguna Beach, and you're all ready to call the seller and make your offer. But as many buyers often find, there's more to home prices than just the price tag - and often, how good a deal you get depends on how well...more
If you are in the real estate business, you may feel as though things are currently beyond your control. Do you worry about the state of the industry and what might be going on? Are you nervous about your ability to stay on top of things? Now more...more
Author: Clifford Mc Fayden @ Lansing ReosWhoever said that you need to wait for years before you can earn the fruits of your investments in real estate probably has yet to hear of rehabbing houses. This business can earn you tens of thousands of...more