Try and buy is a concept in real estate that may help sellers to market their homes to potential new buyers who can spend an extended length of time (varies between a few hours to a few days) in a home prior to making an offer. This concepts allows potential new buyers to help determine what homeownership in that specific home could … Continue reading Would you “try and buy” before buying or selling a home?
2015 sales expected to pick up where 2014 left off By: Trey Garrison, Housingwire.com Auction.com projects that existing home sales for January will fall between seasonally adjusted annual rates 4.9-5.21 million annual sales, with a targeted number of 5.06 million. This suggests that January sales will be up from one year ago and essentially flat … Continue reading January existing home sales come in flat compared to December
Study Finds 38% of Homes Purchased in 2011 Bought with Cash Despite record low mortgage rates, 2011 has seen a surprisingly high level of cash home purchases, according to the real estate research firm Hanley Wood Market Intelligence. Jonathan Dienhart and Ken Lee, two analysts with the company, say between tight lending standards and a … Continue reading 38% of 2011 Homes Purchased were bought with Cash
November home sales in Illinois rose 14.2% from a year earlier — a sign that a recovery in the housing market is under way, the Illinois Association of Realtors said Wednesday. Still, home prices took a big hit, according to the report. According to IAR, Illinois home sales in November grew to 7,954 from 6,966 … Continue reading Illinois home sales rise 14.2% as buyers seek bargains
HUD has approved a program aimed at putting foreclosed homes back into the hands of owner-occupant buyers. In select states, from now into October of next year, buyers need a down payment of only $100 to purchase a HUD-owned REO home. The buyer must be an owner-occupant, utilizing financing insured by the Federal Housing Administration … Continue reading HUD offering REO properties for almost nothing down
HomeSteps, the real estate sales unit of Freddie Mac (OB:FMCC), today announced "Condo Cash", a special limited time offer that will provide eligible condominium buyers with up to $1,500 for standard condominium association dues. HomeSteps' Condo Cash is limited to buyers who submit offers between August 15 and November 15, 2011 and close escrows on … Continue reading HomeSteps® Offers Condo Buyers up to $1500 for Future Association Dues for Limited Time
Avoid these first time home Buyer mistakes: Looking for a property without knowing what you can afford Looking for a home without a mortgage pre-approval letter Not considering home resale value Trusting a verbal agreement Skipping the home inspection Falling in love with a property before the home inspection Forgetting to include in your monthly … Continue reading First Time Home Buyer Mistakes
Fannie Mae wants to help more buyers afford to purchase their new home. That's why we are offering up to 3.5% in closing cost assistance for HomePath properties beginning June 14 through October 31, 2011. Eligibility Details Initial offer must be submitted on/after June 14. Buyers must be owner occupants (i.e., the home will be their primary … Continue reading Fannie Mae Buyer Incentive: Up to 3.5% Buyer Assistance on HomePath Properties