The Year of the Foreclosure-2008

TThe year of 2008 is starting to look like the "The Year of Foreclosure" in the sense that the mortgage companies who have gotten property back are getting extremely aggressive in pricing their homes. In some cases, taking an assessed value of around $210,000 single family residence and listing it at the $150,000 range, thereby, devastating the market values of all the homes in the same neighborhood. A mortgage broker recently told me that 80 percent of the loans he did in ...

Things to Consider When Looking to Buy

So you've got your mortgage loan approval and are ready to look for a home. Here's a couple of ideas to keep in mind when looking for the right home for you. If you love gardening, you'll enjoy finding a home with a large yard, maybe something with ornamental shrubs or even a vegetable garden. Existing gardens or not, a green thumb can make any yard beautiful. However, if you've got no time for working in the garden, you'll prefer a low-maintenance, small yard. In fact, a town home with a ...

The Right Time to Buy your First Home

There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...