If you’re thinking about buying a home for personal use or as an investment but you can’t afford the required down payment, there’s a jewel of an opportunity that most people aren’t even aware of. Let’s say you want to purchase a home for $150,000, but your lender is requiring 20% down or $30,000. You’ve […]
Buyer Considerations: Turn $20,000 Into Over $400,000
When compared to other investments, why is real estate one of the best investments a person can make? It’s tangible, it offers immediate returns if rented, you have local knowledge of the market, and best of all it can be leveraged with a mortgage. Let’s walk through the steps and see what the upside potential […]
Buyer Considerations: Invest Like The Private Equity
The greatest challenge facing small investors and Americans planning for retirement is figuring out how to get a good return from a safe investment. It’s interesting to note that the current housing recovery is not being driven by an increase in demand from buyers looking for a place to live. This time, the housing recovery […]
Buyer Considerations: Invest Like the Private Equity
I Really Can Afford This House
In today’s market, many perspective buyers make the common mistake of putting a cap on the amount of money they want to spend for a house without realizing how poorly they’re prioritizing what’s important in life. Let’s look at an example of how this can happen: A couple decides their going to buy a […]
Buyer Considerations: Put the Ball Back in the Buyer’s Court
How often have you come across a perspective buyer requesting the impossible? This can be a million dollar bay front property for a fraction of the price or a buyer with a large dog demanding the perfect condominium. Working with difficult buyers that have unrealistic expectations is always frustrating. It can be even more frustration […]
Buyer Considerations: From Perfection to Desperation
The front page of the Wall Street Journal today included an article on the Federal Reserve’s recent policy designed to stimulate economic growth. The first line of the story should be of great interest to anyone buying a home: “The bond market’s month-long plunge has pushed long-term interest rates on mortgages and U.S. Treasuries to […]
Buyer Considerations: This Time It’s For Real
Seven or eight years ago, the real estate market was on fire. Buyers and investors were purchasing real estate with reckless abandon, despite the fact there was no logical way to justify double-digit appreciation. Despite the fact that inventory levels were rising, buyers moved forward thinking they would add to their financial nest egg. Investors […]
Buyer Closes – Mortgage Interest Rate Savings Chart (Joe’s Top Buyer Choices)
Buyer Considerations: Buying a Home for Half Price
Consumers in the United States have been conditioned to look for sales before they buy. Every Company knows when they promote a special price or “Deal”, it creates urgency and prompts consumers who may be thinking about buying to take action. The “Sale” doesn’t even have to make sense. This weekend, take a look at […]