Home Buying Guides

How To – Creative Home Selling Options For Auctioning Your Home

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    With home sales both new and used falling to an all time low many people are looking for anything that may attract a buyer.  Although short sales where the price of the home is less then the mortgage that is held on it have to be approved by your lender even people or developers that own their property outright are finding it difficult to price their home in the current market.

    This week a developer …

    As The Value Of Your Home Falls Property Taxes Are On The Rise

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      No matter where you live the combination of a crushed home market in addition to a failing economy has meant fewer people are buying homes both new and pre-owned.

      When this happens the value of your home is also likely to suffer but did you also notice that your taxes are going up disproportionally to the actual value of your home?

      A new national study shows that as prices for homes have fallen since 2007 and …

      Smaller Homes See Faster Turn Around For Sellers

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        According to the National Association of Home Builders, the average size of a new single family house was 1,500 square feet in 1970. However the average home built in the past 5 years was sized at more than 2,400 square feet.

        Roughly 35 percent of single-family houses built in 2010 in the U.S. had four or more bedrooms, an increase from the previous year after a four year decline. The share of homes built with …

        High Value Areas See Fewer Foreclosures And More Building In April 2011

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          Although much of the US is still lagging behind a few areas that attract customers with deep pockets are beginning to turn around a bit. In the resort area of Pikes Peak in Colorado new home permits were up about 7% in April from March of this year. This is a 50% increase over 2009 numbers.

          Foreclosure filings were also down by about 21%  from the same time last year. This indicates that at least …

          Mortgage Rate Increases Expected Fed Raises Rates Before January 2012

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            Minneapolis Federal Reserve President Narayana Kocherlakota said if his underlying inflation predictions hold true, it’s certainly possible that the central bank will have to raise the funds rate by more than a half percentage point by the end of this year.

            Since most lenders base their loan rates on the Fed Rate this means that borrowers can expect to see increases of at least .5% but most likely more as lenders tend to cover their …

            Fixed Rate Mortgages Nearing 5% Is It Time To Buy?

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              Fixed Rate Mortgages are starting to creep up a bit and this may have people thinking about purchasing a new home. Unfortunately for every person in a home that also means selling. Although in all areas of the US the market has not come to a complete halt low interest rates and wariness of banks mean it can be difficult to qualify for a new loan.

              Fannie Mae says the 30-year fixed mortgage rose to …

              March 2011 Housing Report 1 In 8 U.S. Homes Are Vacant & Some States Higher

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                A new housing report for March, 2011 was just released showing that there is a very large number of homes in the US that are vacant. Although there is normally a good number of homes somewhere around 7 to 10 percent that can be vacant for a short period of time and others that remain vacant for extended periods due to blighted neighborhood conditions this new report shows that the largest percentage of homes …

                Without Fannie & Freddie Home Loans May Be At Shorter Terms

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                  Many industry watchers are expecting the dissolving of  Fannie May and Freddie Mac home loan services that are backed loosely by an affiliation with the Federal Government. They are considered Quasi Federal Programs that work independently but also have Government protection.

                  This connection to the Government is basically how loans were provided to persons that could not normally qualify for standard loans.  As we all know this lead to so many defaults by people who …

                  2010 Third Quarter Home Sales Down 30% Foreclosures Account For 25%

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                    In an extremely weak market home sales for the third quarter of 2010 plunged over 30% on average and much higher in the south and southwestern states.

                    In all, 188,748 U.S. homes in some stage of foreclosure were sold in the July-September period, accounting for a quarter of all U.S. residential property sales.

                    This is after the Obama Administration reached out to many large banks and required a stop of new foreclosures. After that …

                    Home Warranty Insurance Is It Worth The Money?

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                      Today it seems every company you deal with wants to sell you some type of insurance for your car, computer, electronics and home.

                      When you purchased your home or when it was built new the builder most likely provided a free workmanship guaranty that also covered replacement of defective materials for the first couple years.  Some items such as foundations or framing may be covered for up to 10 years and many of the individual …