Homes of Mother Earth

Selling your house, like anything, is for people to take the thought that you have  planted,  about  your house. That seed you put in their head, is to make sure they remember your house, the implanted notion,  being something that they felt and liked about your house even the price.

 In today's  market your house must be one step above the rest, buyers have to walk into your house and feel the wow factor "I get all this and more for the same price down the road" and buyers have to walk away, still thinking about what they are walking away from.  You might be thinking this sounds expensive, consider the holding cost for your house for just one or two months longer, how much will this cost you. Theatrically speaking  use the one month's holding cost to add extra quality into the property, deliver the wow factor and sell faster.

Photos are a must, consider a professional photographer this can give you the edge needed, there are so many agents out there who try to skimp on cost delivering cheap photos for all to see.  Don't forget this is a cost that you are paying for, don't feel bad to tell your agent " remember if you have to ask, then you maybe with the wrong agent". Just go online take a look at some listings and view the photos of a property and see for yourself.

"Are sellers in foreclosure"  this can also be important factor to be considered, has the property maintenance been kept up. Buying a foreclosure can be cheaper, you have to weight up the pros and cones.

Curb Appeal, can cost  you lose a lot of potential buyers, just because they do not like the outside as they drove up, one look and they're gone.  Once gone they will not return, you have to capture them in the very first few seconds.

Asking Price, do your due diligence compare similar local houses price. If you decide to work with a real estate agent,  best to contact three, have them come in and do their own analysis, don't be tricked in to thinking,  taking the highest listing price.  Remember your agent works for you, they are trained to sell houses, a lot of agents once they get your listing, think I'll put it on the MLS and let someone else sell the house. Like everything else there are great, fair and bad agents out there. Price your house compatibly, sell slightly below market for quick sale.

If all fails, which can happen in this market, you could always consider renting or lease Option on  your house. Lease Option is a great way to sell your house while the potential buyer take care of the maintenance. A well constructed contract can save you a lot of pain and cost.

Sep 03, 2010 | Add Comment

According to a report from a Global Internet news network, a penthouse located in Hyde park London sold for $220 million. This 6 bedroom  two  story sitting on top of opulent complex also comes with bullet proof glass and a panic room. designed by Rogers Sink Harbor + Partners offers 86 apartments with a starting price of $31 million, they have four towers.

Aug 25, 2010 | Add Comment

Analyzing a residential real-estate deal, in today’s market is made more difficult with so many foreclosures, and with buyers finding it much harder to qualify. The market is changing continually keeping on top will keep you safer while giving you the edge to make a deal work for you. It is all too easy to work on a deal, and then have it blow up in your face, costing you hard earned time and money. 

Buyer in this market if they are prepared to wait can pick up a short sale for a great deal with the vast amount of defaulting loans.

A Woman main things for a great house, must have a very nice functional Kitchen then comes the bathroom, again must be in tip top condition, again functional. The man unless he is the main cook don’t care, he want to see his nice workshop/ garage, where they can spend his quite time playing.

As an investor you should be looking at retail price minus 30% discount minus any repair cost, this is somewhere, is your starting offer price I also allow a further 10k discount to allow for any unforeseen problems. This should always be back up with your own due diligence of comps of the area and more importantly will the property sell fast, holding times can easily eat up any of your profits.

What should you be looking for when looking at a property? Don’t go and buy the best house in the street, you need to find small and ugly one; this is where the best money is made.  Check to see if the windows in the street have bars covering the windows, how are the houses on either side, are car parked anywhere. 

Many parents with children will want a good school in their area, however not to close to the school.  Accessibility in and out of the driveway, how busy is the street along with access to the high way are all key feature and there are many more factor to be considered.

 You should find yourself a good real estate agent, one who you can trust, and not one, that just once to sell you a house. You have a lot of money and invested time  in this property, don’t buy a property because you like it if you intend to resale, this can easily confuse your logic for investing.

Aug 18, 2010 | Add Comment

We work for a company called Radiance homeS we has been buying and sell houses and continue to do so, with one big difference the home owner comes first, which is why we can hold our heads up high.
Is the market about to turn yet again, with the whisper that the banks are starting to loosen up with the REO’s, is this the turning point that lenders are feeling the need to release to the public more REO’s.
Have you asked yourself the question, why would lenders hold onto properties that are left standing and  empty, with high risk of vandalism.  Could it be the lender are worried that it would further hurt them to release more REO’s,(real estate owed) by reducing values in the residential market even further.  The releasing of more REO’s might trigger more homeowner to consider quitting their homes, if they see their homes are devaluating even deeper. The discharge of Lots of REO’s flooding the market would have a detrimental effect of adding to the already high number of homes with even higher loans to value.
 Now with even less negative equity in their home, would force even more home owners to make their decision, if they should just give up on their homes and simply walk away. With more and more distressed homes coming on the market, it would be no surprise the market just might take a turn and start to drive home prices down even further.
 Lots of hard working Americans, who have worked hard to develop their portfolio for retirement, now face the onslaught of having to continue to work after their retirement, while the fat cows get fatter.
I for one feel very sorry for the people who have been taken and once again it is left to the tax payers repay and clean up the mess that was put into play by many greedy people, history repeating itself. 
The already fat cows can now enjoy the blood flowing in the streets from picking up cheap properties. In return, they get to rent them back to the people of America they let down, now having to work beyond their retirement from no fault of theirs other than trusting in their country. 
I am sure it will not interfere with the fat cows, while they sit back and enjoy the fruits of their miss fortunes. 
This is just my thoughts. 

Jun 23, 2010 | One Comment

According to the Mortgage Insurance Companies of America." Homeowners became current with private mortgage insurance, outnumbered those for the third month compared to those who defaulted, for three months in a row in April. Also according to Freddie Mac chief economist Frank Nothaft, credit conditions may be improving.

Jun 04, 2010 | Add Comment

 Now with the summer still here I would think the sales are still going to happen people still need houses no matter what. The other big question, how much will the offer price be affect by the recent market change. With many residential buyers still looking to purchase, with the resent loss of the tax credit, how will it affect the current market prices and the continuation of the house sales. Now with the tax incentive still in people’s minds, do you think this will make the buyers offering price,  $8000 below what they would of considered offering in the recent market, this will be interesting to see.

May 11, 2010 | Add Comment

I work for a company called RadianceHomeS from time to time I get to write a blog and adding links is not for me, so I got my son to help and show me how  to add post and link for blogs. Being of a older generation this can be very debilitating, instantly I go into tunnel vision can't think clearly I feel the stress mounting up in my head. Just five minutes into working on the computer, I find myself having to take a walk or even a coffee break, some deep breathing; finally I feel the pressure in my head starting to drop. I my self am a hands on person with what I feel excellent skill with being able to look at some thing and find a way to get it to work, except sitting in front of a computer. The funny thing is, I work with distressed home owner for what ever reason sadly is losing their home. When I talk to distressed home owner I sometimes relate to my stress of posting blogs and links, to how they must be feeling at this time with losing their home and trying to understand what I am trying to tell them.

Life I feel would be very boring and most certainly life as we enjoy it as we do today, would not have happened has we all been built the same.  Everyone has some sort of special talent, if they use it or not is their choice to make.

Apr 15, 2010 | Add Comment

In the Land of Enchantment there are many things to love, from the cultures to the nature throughout the Southwest. Through any season, in any area, it seems there is always something to do, from skiing in Taos during the winter, to exploring the Carlsbad Caverns during the summer. So why not live here?

One thing that I have noticed since I moved down here to Albuquerque, New Mexico is the real estate market. As a metropolitan area, Albuquerque is not being affected near as much as most other metropolitan areas throughout the United States. One of the reasons for this is because the unemployment rate in New Mexico, although affected, has not risen near as high as some of the other states’ unemployment rates. Working with a few realty companies in this area I have seen some of the action taking place in the market. I have noticed that right now the homes having the most trouble getting sold are the ones priced at $350,000 or higher, and some of these higher-priced homes that have never even been owned have been sitting on the market for several years now. However, the homes priced in the low $200s have been doing pretty good and the ones priced under $200 have been doing even better. This goes to show that the market in Albuquerque is picking up and hopefully will result in some of the higher-priced homes receiving more potential buyers. As far as commercial real estate in New Mexico goes, it is looking very grim for contractors this year. With little to no demand for new construction, it is expected that it will be a few years before any new commercial buildings grace Albuquerque’s skyline.

 

Apr 15, 2010 | Add Comment

With real estate prices hitting an all time low all over the country, what better time to buy a home but now! Its time to re-think your objectives. According to Housing Predictor, Albuquerque is among the top 10 markets forcasted to have a steady, dependable growth and with a strong potential for its outlook to rise.

Feb 26, 2010 | Add Comment

Home Sales In Albuquerque finished on a 2 year high. Pending sales have not been as high in the previous 2 years. In August 2009 sales were up 36% on August 2008 figures. ( according to GAAR )Pending sales were 986 for Aug 2009. The chairman Don Padilla says " The market is definitely a buyer's market and it looks like we've hit bottom pricing wise." ( source Abq Journal ). The median home sale price in Aug 09 was $186,000. July 2009 there were only 4 homes priced over $1 million that sold. Closed sales for August were down 135 compared to July's 735. Approximately 30% of homes sold so far this year house been sold to first time home buyers, probably making the most of the $8000 tax credit that is on offer until 30th November 09. No news yet on the possible extension, but when we find out you will know. We shall post an update on the $8000 tax credit whatever the outcome is, whether it is being extended or not. The average home, that is for sale is taking about 80 days to find a buyer.

Oct 05, 2009 | Add Comment

Momentum is growing in Washington to extend the $8000 first time home buyers credit which expires 11/30/2009. It has been calculated an additional 400,000 homes have been bought using the $8000 tax credit. The first time home buyers tax credit has been part of the federal effort to kick start the devastated real estate market. According to the IRS around 1.4 million people have claimed the $8000 tax credit so far. Some analysts believe the tax credit has created little stimulus for new sales but given Americans whom would have bought a home a windfall, saving them $8000. Because the key committees are focused on the health care legislation, look like we are in for an anxious wait to see if the First Time Home Buyers tax credit is extended or not.

Sep 28, 2009 | Add Comment