Today, more than ever, it is critical to encourage your buyers to research their options for financing. As the credit markets have continued to tighten, many lenders have eliminated or suspended programs that may well still be available elsewhere. Some examples of this are condominium and second home financing with 10% down, no-income documentation loans for self-employed buyers, 95% loans on primary owner-occupied properties, even in so called “declining markets” and construction to permanent loans to name a few. This clearly illustrates the need for those in a position to direct buyers toward reliable lenders to expand their resources.
Generally, when a homeowner assigns value to a kitchen or bath remodel project, they consider how it affects their return on investment.
But one aspect that may not be top of mind is what effect the remodel can have on the homeowner’s own lifestyle – now. Remember, as the homeowner it’s important to place value on your personal experience your home, your joy of living.
John saved about $4,000 from his soldier pay during World War II. A year after finding a job and saving some more money, he was able to buy a duplex in 1948 for $15,000 with a $10,000 mortgage. There was never much cash flow from the duplex because John used the money to fix it up. After five years, he sold the duplex for $22,000. John had $13,000 left after paying off the mortgage, which had reduced to $9,000 with the help of amortization and some extra money John occasionally added to his monthly payment.
After living in Sarasota for over twenty years I have to admit that I’ve never ventured east to Arcadia. I had heard wonderful stories about the uniqueness of the small town and even knew someone who purchased a bed and breakfast there a few years ago. But being wrapped up in the day-to-day business of life I never took the time to explore. Just the other day I overheard two ladies discussing the wonderful antique shops in Arcadia and it sparked my interest. Not one to pass up the opportunity to shop and always in need of something new I decided the trip was a must.
Speaking of romance is what we are cooking today. The romantic dinner for two in your own home. In my lifetime I had a few of those intoxicating evenings. Nothing is more satisfying than performing (cooking) a meal in front of your loved one or just a friend. It is relatively simple, so get out of the frozen isle and stop calling in the take-out. No Dejourno can match the real you. (I will make sure of that). So let’s begin:
Sarasota is in a prime position to attract potential Canadian home
buyers. A quick, inexpensive flight from Buffalo and they’re on the way
to experiencing Sarasota. The allure of Florida sunshine, a struggling
housing market and the Canadian dream of owning a piece of paradise are
truly affordable realities in our present economic state.
Together, we shape their learning! From the moment a child enters the world, his emotional, social and cognitive developments starts. The first years are the foundation for a child’s future success because that’s when the brain is being built. In fact a young child’s brain is two times as active as an adult’s.
Featuring Helen Sosso. While the national and international financial markets continue to navigate stormy seas, the local real estate market may soon be viewed as a safe port – a haven for those seeking to move to and invest in a tremendous community and real estate market.
Tenderloin Tips with Shitaki Porcini Peppercorn Demiglaze. There is a saying, “If you’re afraid of heat get out of the kitchen”, that was several hundred years ago. When the kitchen was a large room in the lowest floor of the house, where a large wood burning oven delivered 150 degree heat, with no a/c, no air exchange, and no fans.
“As Is” With Right to Inspect – Or Is It Really? Many REALTORS® are familiar with the phrase “as is,” but may be confused with the contractual provisions in the FAR-9 Contract regarding “as is” sales.
Every year the Southeast Building Conference comes to Orlando and showcases some of the newest trends in the construction and design industries. Although this year’s show was a little smaller than in years past, the collection of new and exciting materials made the trip worthwhile.
Over the last 2 years, loans insured by the Federal Housing Administration (FHA) have increased by over 265%! The year-to-date period ending June 30, 2008, when compared to the same period ending June 30, 2006, showed an average increase in FHA insured purchase money mortgages from 149 to 398 units in Sarasota and Manatee Counties. With the tightening, if not elimination, of the Alt-A market, the time has come to embrace these excellent loan programs.
Unpredictable. Slow. Bleak. Grim. Gloomy. All words that have been used to describe the economic outlook for the balance of 2008, and depending upon who you talk to, the scenario for 2009 as well. There’s no denying the economic slowdown has made a significant impact upon your business. The most important thing is to keep your wits about you. A bend in the road is not the end of the road… unless you fail to make the turn.
What’s a TIC? TIC stands for tenant-in-common. Tenant-in-common is a way for multiple owners to own real estate. Each tenant-in-common owns an undivided interest in the real estate that all the tenants-in-common own together. If two people own and no percentages are shown in the deed, they are presumed to be 50/50 owners. 50/50 or other percentages can be specifically stated in the deed by which the tenants-in-common take title. This form of ownership of real estate is nothing new, in fact it is ancient.
As most of us do automatically, we spend little time questioning our policy contents and more time worrying about our premiums. Hopefully I can assist you with some coverage tips that may alleviate some questions you might have and save you some money in the process.
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Saturday, December 20, 2008
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