Using a Reverse Mortgage to Purchase a Home
Posted by Michael Branson in Buying Houses
A Reverse Mortgage is a national program which typically is offered to homeowners 62 years and older but some private programs have recently been opened to borrowers down to 59 1/2 years old which allows the homeowner access to their equity in the form of cash, monthly income to the homeowner, or a combination of both with the homeowner never making another loan payment for life. The money the homeowner receives is usually tax-free and does not affect Social Security benefits or Medicare (check with your financial adviser for your circumstances). There are very minimal credit requirements and no income requirements to qualify, borrowers can even be in foreclosure and still obtain a reverse mortgage.
Did you know that if you are a senior borrower, aged 62 and over you can use a reverse mortgage to purchase a home as well as just to refinance your existing home? Read the rest of this entry »
Six Ways to Find Motivated Sellers!
Posted by Charles W. Moore in Buying Houses
When you begin to seek out investment properties, you need to be aware of your potentials and not waste money when properties are overpriced or being sold by an individual who is not highly motivated to sell their property. Instead, you need to find what is referred to as a motivated buyer, who will agree to your terms rather than making demands of his or her own for the sale of the property. With six forms of aggressive advertisement, you can be relatively assured that you will have motivated sellers seeking you out in no time. Read the rest of this entry »
Real Estate Investment Tips For 2008
Posted by Kris Koonar in Property Investment
If you have come across recent real estate market predictions and are contemplating whether you should venture in to it, then think again. You must know that the real estate market keeps on fluctuating constantly and there is no time of the year when you cannot find great properties for investing your money. There are few useful tips that you can follow for increasing your chances of success in the real estate market. Read the rest of this entry »
The FSBO Guide to Selling Your Home In 2008
Posted by Kris Koonar in Selling your home
If you are planning to sell your house as a FSBO, it is essential to keep safety in mind when you think about the prospect potential buyers for your house. In the last few years, there has been a problematic climb in assault cases on realtors in the real estate industry. Due to this reason, people need to be careful when selling their house on their own. If you want to protect yourself and your family from becoming a victim to this problem, you can take into consideration the following protective measures: Read the rest of this entry »
A Good Real Estate Bargain Need Not Be All That Hard To Find
Posted by Kris Koonar in Buying Houses
There are many ways to sell or buy a property, but by using common sense and some of the pointers mentioned below, you can end up with a real good real estate bargain. Remember that good bargains are very hard to come by in real estate. Read the rest of this entry »
Overseas Real Estate Investment Hot Spots for 2008
Posted by Kris Koonar in Property Investment
With oil prices almost touching $100 a barrel, the Iranian leadership still belligerent, the US still in the Iraqi quagmire, the sub-prime rates influencing the world largest economy the investment opportunities are fast shrinking. Even the Federal Reserve Board believes the economy is looking at a long period of slow growth. Sub prime mortgages and collateralized debt market is chaotic. Most sectors are in the negative territory, except the multinationals in the technology sectors that seem to fare better. Investors are sure to experience painful hits to their earnings. Investing in real estate overseas is a good idea in these circumstances as some of the emerging markets are changing fast and offering a more than good returns on your investment. Read the rest of this entry »