Freddie Mac and Fannie Mae have relaxed their short sale requirements to offer more protection for service members and their families. Under the terms of the new guidelines, military homeowners who have orders to move do not have to be delinquent on their mortgage in order to qualify for a short sale.
If you’re like me, you often sit around and contemplate, “What exactly should I do with my money?” If you’re really like me, your answer is usually to hit up the Taco Bell drive through. But for those times when you have more than a burrito’s worth of money to figure out, you probably want to invest it. There are many options available, but real estate may be a good option for you. “Why?” you ask. Well, as Mark Twain famously put it, “Buy land, they aren’t making any more.”
According to the NAR Community Preference Survey of 2013, most Americans prefer houses with easy walks to schools, stores and restaurants over houses with large yards, but where you have to drive to go to schools, stores and restaurants (55% to 40%). An even larger majority prefers houses with smaller yards but a shorter commute to work over houses with larger yards but a longer commute to work (57% to 36%).
For some of us, the end of 2013 just signals the beginning of 2014. However, the end of this year is different. FHA loan amounts are set to expire, meaning beginning in 2014, loan limits will readjust to Fannie Mae and Freddie Mac conforming limits. Read ahead to find out what this could mean for you.
This quarter’s Turnaround Towns Report from Realtor.com® shows significant improvements in housing markets across the country, with Detroit ranking in at #1 for improvements for the third quarter in 2013.
There are many questions to ask yourself before you become a landlord. But whether you have a rental property because you moved and the time wasn’t right to sell your previous home, because you bought an investment property in order to rent it out, or some other twist in your life’s journey has led you there, one important question to consider is: What will the return on my investment (ROI) be?
One of the most effective tools you have to selling your home is quite possibly the most overlooked – photography. No matter how beautiful or wonderfully priced your home is, it’s unlikely to sell as fast as you’d like if the pictures are less than stellar. Here are some quick and easy tips for photographing your home to make sure it sells.
Selling your home? Open houses are a time-honored way to get prospective buyers in your door – along with nosy neighbors, a six-kid family and a guy looking for your watch, your cash, your iPad or whatever else he can swipe upstairs while the realtor is the basement with the neighbor and three of the free-ranging children. In the age of the internet, with virtual tours putting a market’s living and dining rooms on a smart buyer’s handheld device, is an open house a worthwhile strategy?
Rumors are circulating through the news that an agreement to end the government shutdown and a possible debt ceiling rise, ending the current stalemate crisis that is affecting millions of Americans. I hope the rumors are true, but I’m not holding my breath.
Are you thinking about selling your home? Looking at everything that needs to get done, such as repairs, painting, cleaning, finding the right real estate agent, etc.; you may think that the listing pictures are the least of your worries. Well, it turns out that they’re a huge part of getting your home sold.