It’s time to clean out those closets, get things ready for the “big sale” and all of Centerville is looking forward to making a bit more room in the closets! DIV P { MARGIN: 0pxThis year, the event is scheduled for Thursday, April 30, 2009 through Saturday, May 2, 2009 from 8:00 a.m. to 5:00 p.m. Watch for the signs and drive the neighborhoods – there is sure to be some good deals (afterall, one man’s trash is another’s treasure!)
Daily Real Estate News | March 6, 2009 |
Freddie Mac Launches Rental Initiative
Freddie Mac is launching a rental initiative, which will give former owners and tenants of foreclosed property the opportunity to lease their recently foreclosed properties month to month.The REO rental initiative will be managed by HomeSteps, Freddie Mac’s national real estate unit, and implemented through several national property management firms. Freddie Mac has about 8,500 properties in various stages of foreclosure.
Freddie Mac also will continue to suspend evictions through March 31 to ensure that former owners and occupants have an opportunity to explore new options available to them.
To qualify for a lease, the tenant or former owner must occupy the property and show they have adequate income to pay the monthly rental amount established by the property management company based on market rents for the area. Occupants must agree to allow HomeSteps to show the home to potential buyers during the lease period.
Here’s the thing – if you NEED a house – NOW is the time to BUY…if you financially can afford the loan, closing costs and associated maintenance – reasonably, there will NEVER be the opportunities you can find now. So you think that “I” am just saying that? No, because honestly, I leave the buying decision up to my clients. HOWEVER, there may be times – when in all good knowledge that I have – my recommendation is to WRITE THE OFFER NOW as oppossed to waiting…and so many times, that proves to have been the best deal for my clients.
I stumbled upon this article and wanted to share a portion for you to consider – if YOU or anyone you know, is thinking about BUYING:
Now, what is going to happen to home prices over the next few years?
I am not as formally schooled in such matters as our current leaders are. I’m just a guy who has seen this movie, too. It is my belief that a side effect to saving America’s economy will be a robust increase in inflation. I believe that Inflation will regain all the “value” we lost in housing over the past two years, and that it will regain it in five years or less. Simply put, to put the brakes on inflation, government must inhibit the recovery. The people in power aren’t going to do that. Inflation is a necessary evil compared to a full scale depression and an acceptable trade off for most of us. (And oil won’t stay at about $40 a barrel too long, either!)
So, tell your clients the truth: Interest rates will never be this low again in their lifetimes. Home prices won’t be this low again in their lifetimes. This is the perfect storm economically, but it also the perfect time to buy a home; provided that you buy it as a home and not a piggy bank. It’s just a nice side benefit that five years from now, the home you bought today will have appreciated so much that you’ll be thinking (just like I did in 1979): “What a smart investor I am!”
This just happens to be the perfect confluence of opportunity and necessity: we must fix the economy and we’re going to, whatever it takes. Inflation is an unavoidable side effect. Buy that house this year!
No pressure from me – but I will tell you – there is NO TIME LIKE THE PRESENT (to buy, which also means that if you have a property to SELL – this is the time to have it listed with a Realtor so that the buying public can have the access they need.) I am available to assist you with Buying or Selling in todays market!
To read FULL ARTICLE – CLICK HERE.
Exit Realty continues to grow and MORE Exit signs are coming to Ohio! This monthly newsletter is just one way we keep posted on the growth… CLICK HERE. (Oh yeah, and they included an article on my latest achievement!!) Take care – more good things to follow!
Not just in one particular area, but nationwide – EXIT REALTY is committed to bringing homes to those in need. CLICK HERE to read this article and learn more about our involvement with various types of community programs.
The following information was just released through our Dayton Area Board of Realtors – many times I am asked, “how are we doing” – locally, times shifted – but they weren’t nearly as bad as all the National spotlights. Read and see for yourself what the actual transactions in our area represent:
December’s numbers bring to a close a year of challenging home sales. As Harry Vearn, 2009 president of the Dayton Area Board of Realtors stated, “The decline in home sales fell in lock-step with the tougher economic climate, but the good news continues to be the affordability and inventory of homes, along with historically low interest rates for mortgages. If consumers are smart with their finances and are in the market to buy, it’s an unprecedented time to make the leap. Yes, the market is tough, but right now the factors I just listed make real estate a very attractive option.”
The year ended without any real surprises in the MLS numbers. As expected, price, volume, and sales were lower than in 2007. Down nearly 16% from 2007, sales for 2008 totaled 11,037, while the number of listings submitted to the MLS came to 26,620 (a change of –9% from last year). (more…)