November 8, 2014
There are many reasons why you may be in a situation where you need to sell your home quickly. Life has challenges such as divorce, needing to relocated because you received a new job in a different area, inheriting a home from a family member, becoming ill and needing to sell. Rather than listing your home with a realtor, fixing up your home for sale, hosting open-houses, and waiting for the right buyer for your house, you can get a free offer for your house from a local real estate investor. Sell Your House Fast by contacting a local investor. They will come to your home, review the condition of your home, and provide you a free, no-obligation home selling offer.
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Posted by Shaun G.
January 16, 2010
Over the past year commercial real estate has been following the steady declines seen in residential real estate. This can be seen by looking no further than the fact that prices are down nearly 40% from 2007 and office vacancies have increased by 5% in 2009 alone. However, residential real estate has slowly began turning around, this has caused many investors and analysts to wonder if commercial real estate will stabilize in 2010.
Changing Times, Changing World:
According to a survey conducted by Grub and Ellis, commercial real estate is expected to decline by another 10% to 20%. At which point, the markets will go into the stage of flat lining, this is where prices will not decrease or increase rapidly. This is contrary to what some have been prognosticating for commercial real estate, with it often being called the next shoe to drop. However, according to the Grubb and Ellis survey, when you look at the actual values of the commercial real estate mortgage portfolio at various banks, it is clear that their values are significantly higher in spite of seeing sharp price declines last year.
Vacancies:
Nationwide Grubb and Ellis expect vacancies to decline even more, with the total amount reaching 18.5% to 19.0%. This is the highest number on record since the firm began conducting the survey in 1986. When you look at the different sectors of commercial real estate it is clear that the decline will be felt in all areas. This can be seen with industrial sector expected to post vacancy rates of 11.4%, while retail is expected to continue to remain weak. These different rising vacancies have meant that many landlords are unable to make their mortgage payments, leading to a rise in foreclosures of commercial real estate. A good example of this would be the Hancock Tower of Boston which is facing foreclosure because of rising vacancies.
What This Means for Boston Real Estate?
When you look at what the different figures mean for Boston, it is clear that the city’s commercial real estate market will face a mixed recovery of starts and stops. A good example of this can be seen with the predictions for Boston commercial property vacancies, as offices are expected to see a 14.2% increase and 16.2% in industrial.
What all of this shows, is that 2010 Boston commercial real estate will face downward pressure as rising vacancies fuel foreclosures. However, towards the end of year is when a recovery is expected in these markets as commercial real estate works through similar challenges as residential. 
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Posted by Shaun G.
December 20, 2009
The housing crush has had a range of side effects across the nation. However, with more and more new home developments struggling to fill the new properties, a new phenomenon has appeared. There are fewer and fewer new suburban developments showing up on the fringes of communities.
Expansion that was so rampant in the real estate boom has suddenly disappeared or stalled midproject, leaving empty houses gaping at passerbys.Some of these communities are filled with homes that are in foreclosure which makes it harder to sell a home next door. Home owners have vacant lots next to them and they need to stop foreclosure themselves.
What are the pros and cons to the recent disappearance of these suburban communities? Besides the obvious financial troubles with the construction companies associated with these areas, there is an impact for the local homeowners as well.
With fewer inhabitants and stalled increases in the homeowners to these commuter communities, morning commutes into the city are less than what might have been if these suburban areas had filled. Enticed by lower prices and more house available through these suburban communities, more and more homeowners looked to purchase these properties during the real estate boom years. However, as the real estate market has stopped, these homes are not being filled, making the commute to the city a little easier.
Areas like Prince William County have shown the impact of this suburban community disappearance. With a deflated real estate market and increasing gas prices, the foreclosures have pushed median home prices down 32 percent in just the last year alone. Fewer individuals are on the interstate and more are crushed into crowded buses headed to Washington D.C. This area of the county has seen the impact of tightened credit restrictions and fewer buyers. The bubble has popped here and the impact was swift and sudden.
Zillow recently performed an analysis of markets to determine what has happened to the inner and outer suburbs in major cities nationwide. What they found was very interesting. Essentially, the prices for inner suburbs, those within a ten mile radius from the center of the city had changed little. However, as the radius grew larger and larger as far as fifty miles from the center of the city, the prices dropped drastically.
Of course, if the city was close enough to another major metropolitan area such as the case with Washington D.C. and Baltimore, for example the prices would begin to rise again as proximity to the neighboring town increased. Other cities proved the opposite reaction. Some areas like Atlanta, Dallas and Detroit that often have rough and tumble downtown areas still saw improved prices in the suburbs far away from the center of the city. Detroit has a weak economy in the center of town, making homes here less desirable than the benefits offered in the surrounding communities. Atlanta, on the other hand, has had a number of premium condos built that has offset the nearby home values.
An oversupply of new homes in the suburbs is affecting the existing home communities nearby. As fewer and fewer new home developments are being purchased, these properties are drastically reducing their prices to get the homes sold. Oftentimes, these price drops ultimately cause the entire neighborhood to lower prices because the competition is all around.
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Posted by Shaun G.
August 27, 2009
Okay, the real estate market has gone down and a quick rebound is not likely, or possible. Homeowners are finding viable options to continue to make money in the real estate market despite the recent changes.
By adapting to the environment, savvy real estate investors are still flipping home properties with a twist. They are purchasing lower cost single family houses in areas of great potential and updating them. However, rather than putting them on the market for sale right away, these flippers are becoming landlords, renting the property to keep building equity and pay the mortgages.
How long are these new landlords renting their flipped houses for? On average, the versatile businesses are renting as long as five years or as short as only two until they can find a home buyer. They are keeping the cash from the rented properties in the short term, but are banking on the idea that an improved real estate market in the future will help them get the profits they are aiming for years down the road. Of course, this type of stalled profitability attracts a limited number of former flippers, but it is an increasing option for real estate investors.
One of the keys to success with the flip and rent strategy is to avoiding subdivisions. Typically, the targeted houses are no more than $80,000 to $90,000 and will be victims of a crashing real estate market whose values were vastly higher even a year ago. These homes need upgrades and improvements that many future homeowners shy away from. By improving these houses and then renting them, these flipping real estate investors are actually playing a role in improving the market by rescuing and improving homes whose needed changes might have been outside the scope of many property owners. Neighborhoods might have suffered with these eyesores in the past, but they are now able to enjoy an improved property in their surroundings, thanks to the flippers.
Many of the houses that are chosen for these investment and rental properties are selected if they fit a particular set of requirements. For example, many of these homes are victim of the boom and bust cycle of the recent real estate market. Their overestimated home value has wrecked havoc on the market and neighborhood in general, so this financial investment can be a great choice for both the individual investor and neighborhood alike. Also, there are specific location, price and physical criteria that many investing business will choose before they will purchase the soon to be rental property.
To find many of the houses these real estate investors purchase they use companies who privide real estate leads. The real estate leads consist of contact information from how owners who want or need to sell their house. Many of the home owners who ask to be contacted by a real estate professional are motivated to sell their home quickly.
This smart investment plan can be a great way to improve neighborhoods and allow individual real estate investors to gain capital and long term equity in a stalled and shaky real estate market. Although typically known as risk takers, these particular flipping companies are making long term, calculated investments that should pay off in the future.
If you are a home owner and are in a financial situation and thinking how can I sell my house fast, a good place to receive an offer on your house is your local home buyer or investor. There are real estate investors in every major real estate market who purchase homes quickly from home owners who need to sell. Many of the homes are in foreclosure, the owners are transferring out of the area, or the owners just need to move quickly.
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Posted by Shaun G.
June 29, 2009
One way to determine if the state of our economy is improving is by monitoring foreclosure rates. Foreclosure rates across the country vary in different regions.
Foreclosures can signal a huge change in the real estate market. While they can be hot deals for buyers looking to purchase large properties at a fraction of their valued cost, the impact foreclosures have on the market overall can be a highly negative one. Foreclosed homes are typically in disrepair and a crumbling mess long before the bank steps in to take over. In addition, selling a home that is highly undervalued will undercut overall price comparisons in the neighborhood, which devalues numerous homes in its wake.
As the economy continues to decline, the number of foreclosed homes continues to grow. While some analysts will tell you that the foreclosed homes and sluggish real estate market are signs that the real estate bubble is simply righting itself after years of a bubble inflated industry, homeowners with nearby foreclosed homes in their neighborhood and the victims themselves will often feel at a loss on how to control the negative spin.
Overall, 1.9 million homes have recently gone into foreclosure across the county. The average sale on these foreclosed homes is roughly $172,000. Of course, this number reflects both large and small properties alike, as well as homes whose owners had been paying their mortgages on time for years before the economic downturn made paying their mortgage payments more difficult.
What are the biggest markets for foreclosures across the nation? Is your state one of the areas experiencing the highest rates of foreclosure? Consult this list of states that experience high foreclosures to see if your state is one of the most affected areas:
Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Michigan, Nevada, Ohio, Utah, Virginia
California tops the list at over 92,000 foreclosures. Meanwhile, Florida runs in second place with nearly 59,000 foreclosures. Nevada, Arizona and Michigan each have roughly 15,000 foreclosures, while Ohio, Illinois, Georgia and Texas has approximately 10,000 foreclosures. Virginia ends the list with just over 5,000 foreclosed homes.
Foreclosed homes aren’t limited to a specific economic bracket, either. Every neighborhood has become vulnerable, including high end homes in desirable neighborhoods. Many analysts blame adjustable rate mortgages or no doc loans as a major cause of the increased foreclosures. Since these no doc loans don’t require verification of the borrowers’ income, they pose a much higher risk than other traditional forms of home loans.
The top five states California, Florida, Nevada, Arizona and Michigan constitute the greatest percentage of the nations foreclosures in June. As the market restructures and the economy continues to adjust to financial changes, expect the rate of foreclosed homes to decease slowly over time.
After all, foreclosed homes put pressure on financial institutions to stop lending to anyone with a potentially risky financial profile. For this reason, even secure homeowners cannot sell their homes as new buyers are unable to obtain the funds they need to purchase new property on the market.
If you need are in a situation where you are thinking how can I sell my house fast, I suggest contacting a local home buying expert in your area. Local home buying experts exist in every major city in the United States. Many times these home buyers can purchase homes quickly so you can move on with your life.
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Posted by Shaun G.
December 27, 2008
As 2008 is coming to a close many american home owners are asking a few real estate questions. When will real estate recover to prerecesion times? When will I be able to sell my house for a profit and is 2009 the year home values will start to increase?
Since the peak in real estate prices and home sales in summer of 2005 many home owners have been loosing equity in their home. It seems each month is another indicator that real estate prices are not increasing and foreclosures continue to increase. But with each month that goes by, we are one step closer to hitting the bottom of the real estate market.
Many factors point to the bottom of the real estate market, on a national level hitting bottom in 2009. There are a few major developments that bring light to a dark alley when thinking about the over all real estate market in 2009.
One of the largest indicators that home values will start to increase this next year is the inventory of homes on the market. Last month new construction for homes was at 730,000 its lowest point since 1975. In almost all the major metro areas across the nation home inventories are starting to decrease which will increase home prices. See your local area inventories at housing tracker.
Recent decrease in foreclosure fillings due to the government help will also play a large role in real estate prices hitting bottom this next year. which the new president Obama stepping into office at the end of January a new light and vision for real estate and america will start to take place. President Obama has shown interest in solving the housing market issues because he is aware that housing is vital to the Unites States economy.
So if you have a home that you are living in and are waiting for real estate to recover, cross your fingers that 2009 will bring a new year and recovering home prices. I am optimistic that we are near a bottom of the market and things will stabilize in the summer or second quarter of this next year.
Always remember that real estate is a local market and each area of the nation is different. Some parts of the nation are actually seeing increases in home prices this year. Just another reminder that you need to seek professional advice when buying or selling real estate. You need to get accurate new data, especially in a changing market like we have today.
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Posted by Shaun G.
December 18, 2008
This week marks a new low for mortgage rates. Mortgage rates are at a 37 year low. Rates have not been this low since 1971. The federal government decreased interest rates for the seventh consecutive week. This is an all out attempt to bring home buyers into the market and take some inventory off the shelf.
The thought is lower interest rates will bring home buyers out from the bushes and the side lines. It will also help the many home owners who have home equity lines of credit on their homes. HELC interest rates usually move up or down with the prime interest rates.
This week housing permit data also came out, with good news and bad. The results state November as the lowest housing permit month in history since 1975. The good news from this data is less homes being built mean some of the existing homes sitting vacant on the market will be purchased. The bad news is if home building permits are going down, it suggests local economies are struggling and decreasing as well.
It takes many trades and people to build homes. Plumbers, electricians, framers, engineers, designers, project managers, and the list goes on. With less homes being built these people have no where to work and that is not good or the economy.
So with all the bad news about the real estate market many questions come to mind. When will the real estate market find a bottom? When will we stop seeing more foreclosures across the nation? When will many of americans largest investments start seeing positive returns rather than declines in the double digits?
There is no one or two pieces of data that can lead you to the answer of when the real estate market is going to turn around. There are however a few economic factors that you can track locally to determine where your local market sits. Here are a few economic factors I suggest you track on a monthly basis. Rate of new house building permits, rate of existing homes sales, rate of foreclosures, and interest rates.
If you track these items on a monthly basis you should have a pretty good idea of when the real estate market will hit bottom, or when it does. When building permits increase, and existing homes sales increase it is a sign that better times are ahead.
For now if you are in a home that seems impossible to sell I suggest contacting a local home buyer or we buy houses representative in your area. They exist in every major city in the nation. They are not real estate agents but investors who are professional home buyers. You can talk with them at no cost and they can give you great advice about your best home selling options.
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Posted by Shaun G.
December 13, 2008
In November 2008 the foreclosure rate dropped 7 percent. Could this be the beginning of the bottom for foreclosures? Anytime you look at statistics or analyze data you get different answers depending on how much data you look at. In this instance only looking at one month, the month of November would lead you to believe that foreclosures are starting to slow. Look at 3 to 4 months of data and you will find a different answer.
One possibility of the slow down in November is the foreclosure moratorium that Fanni Mae and Freddie Mac have put on repossessions of homes and foreclosures. In an effort to keep more home owners in their homes and slow the foreclosure rate these two, now government owned companies have stopped foreclousre repossessions for a 90 day period.
over 78,000 home owners lost their homes in the month of November. This is an enormous number of people, now out on the street. This is down almost 8 percent from the month of October with over 84,000 home owners loosing their home to foreclosure.
Since the housing market took a steep dive from its peak in August of 2007 over 1 million home owners have lost their house to foreclosure. You can make a claim that many of these people over purchased and that is the reason they are loosing their homes now. The fact is not all of these people can be sub prime mortgage holders and over purchased.
Only the months ahead will let us know if the foreclosures are starting to slow. My opinion is the foreclosure rate will hold steady at an alarming rate until the government can do more to keep people in their homes. When our new american president Barrack Obama takes seat in January lets home real estate is one of the issues he tackles to get our economy back on the right track.
In the mean time if you own real estate and need to sell your home, I suggest you find a local home buyer in your area. There are still people who are buying new homes, growing their family and starting their life. Everyone wants to own their own home, if not for a long term investment then for comfort.
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Posted by Shaun G.
November 12, 2008
Lets face it, life is not always easy and is not always perfect. Many good people in cities like, Allen, Frisco, McKinney, Plano, Richardson, Wylie and other parts of Collin County get into financial situations which cause them to get behind on their mortgage payments. One day things were going great so you purchased a new house. A few months later you lost your job and now you can not make your mortgage payments. Now you need to sell your house in Collin County.
Situations like this happen to many people each and every day. When a life changing event like loosing your job, or going through a divorce happen, usually your house becomes a large financial burden. In fact, with the real estate market slow and buyers having trouble getting financing, your house can become a stressful, financial nightmare.
The government has been trying to stop the real estate meltdown for 2 years now with no success. Foreclosures in Collin County and other areas of the nation keep climbing at record levels and more and more homes owners are falling into financial distress because of their home.
In September 2008 there are approximately 5,000 homes for sale in Collin County. Collin County is made up of the larger populated cities like, Allen, Frisco, McKinney, Plano, Richardson, and Wylie. Out of the 5,000 homes for sale, approximately 400 homes sold in September. At this rate of selling many people are going to have a hard time getting an offer on their home. This is why we suggest contacting a local real estate home buyer in your area. These professionals help home owners solve their real estate problems.
Local home buyers exist in every major real estate market. They have many options to help solve your financial distress. One of the best options they provide is the ability to buy your house fast so you can move on with your life. Local home buyers are honest real estate professionals who earn a living from helping people who need to sell their house quick. They are professional and highly respected people.
There are many reasons you may need to sell your house in Collin County, to stop foreclosure, finalize a divorce, loss of your job, can not make your mortgage payments, health issues, family issues, and the list goes on. If you need to sell your house to save your equity, I recommend getting a free offer from your local Texas home buyer. The service is free and you have no obligation to accept their offer.
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Posted by Shaun G.
October 2, 2008
The real estate market has not just slowed down, it is almost standing still. Each and every month there are more houses on the market for sale and les homes are sold. So how do you sell a house fast in the very slow real estate market? You have to find and receive an offer from the right home buyer for your house.
When it comes to selling your home you have very few options, especially if you need a quick sale. You can try to sell your house by yourself with a for sale with owner company. You can list your home with a real estate agent who will put your home on the multiple listing service and hope for a buyer. Or you can sell your home to a real estate investor who buys homes fast from motivated home sellers.
There are many reasons home owners need to sell their house quickly, hare are just a few.
Going through a divorce
Need to stop foreclosure fast
Inherited a property
Your house needs fixed up
You are being transferred by your job
You do not have enough equity to pay realtor commissions
You mortgage is going to adjust and you will not be able to afford the payment
Recent loss of job
The real estate market is very slow across the nation. The home that you used to love can quickly become a huge life anchor limiting you from happiness. This is why I recommend receiving a free, confidential, no obligation offer for your house from a local home buyer. They exist in every major metro market in the nation and they buy houses fast.
Not all real estate investors are out to take advantage of home owners. Many are hard working individuals who make a living from solving complicated real estate situations.
So in order to sell a house in this current economy I suggest using the sometime less obvious way to sell your house, your local home buyer. You will not have to pay any money and you can move from your house quickly.
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Posted by Shaun G.