Temporary waiver of 90-day ‘anti-flipping’ rule extended through 2014
#97667597 / gettyimages.com Good news for single-family home investors, rehabbers and buyers seeking to use low down payment FHA financing: The temporary waiver of FHA’s 90-day “anti-flipping” rule was extended through 2014. The waiver, which facilitates purchases of homes from sellers who have held title to their properties for less than 90 days, continues a […]
What’s the perfect price when selling your home? Nobody knows. List too low and watch your investment slip away. List too high and drive potential buyers away.
Strategies for Setting a Price for Your Home By ALINA DIZIK Aug. 21, 2014 12:10 p.m. ET BLINDED BY LOVE Sellers often overestimate the value of their homes for emotional reasons. Sol Linero To get top dollar for his Portland, Ore., home, Alex Hickman played lowball. He set his asking price below that of comparable […]
How Long To Recover From A Short Sale – NYTimes.com
#181074386 / gettyimages.com Borrowers who owe more than their homes are worth can sometimes get out from under by negotiating a short sale with their lender. But short-sellers are branded as higher-risk borrowers, so new loans won’t come quickly or easily. A short sale is when a lender agrees to accept less than is owed […]
The Great Delay: Student Debt and Homeownership | Eye On Housing
The Great Delay: Student Loan Debt and Homeownership BY JOSH MILLER on SEPTEMBER 10, 2014 • (1) A record number of millennials, individuals aged 18 to 34 years, are delaying household formation. This Great Delay, instead of the forbearance of impending doom, may actually be a sign of prudent economic decision making from a generation […]
Consider These Tips If You Are New To Renting Out Property
DO YOUR HOMEWORK. Stay on top of laws pertaining to deposits, military clauses and evictions because they can change from year to year. Also, talk with your insurance representatives about rental property insurance and flood insurance. SET ASIDE AN EMERGENCY MAINTENANCE FUND. Roofs leak, plumbing breaks and refrigerators die. Make sure you can promptly cover […]
How To Properly Serve A Twenty (20) Day Notice To Terminate Tenancy (Washington)
#503422633 / gettyimages.com 20 DAYS’ WRITTEN NOTICE TO TERMINATE LEASE Washington State law (RCW 59.18.200(1)(a)) requires that residential landlords give month-to-month tenants at least 20 days’ written notice before terminating the rental agreement. The landlord must give written notice of the termination of the tenancy at least 20 days before the end of the rental […]
Why More Renters Aren’t Buying (Hint: Weak Incomes, Savings) – Real Time Economics – WSJ
A new survey says that younger workers and other renters aren’t turning away from homeownership because they lack the desire to own homes. Instead, they’re staying on the sidelines because they lack the capacity to purchase. The analysis from the New York Federal Reserve Bank comes via their survey of consumer expectations in February. It […]
Talk To Your Real Estate Broker About The Value Of Your House Before Solely Relying Upon Zillow
Looking for Money For Your Business? Checkout Peer-To-Peer Lending
An intriguing model. I know of at least two of my clients who have been able to borrow (and repay) the repair funds they needed to complete a flipped project. They used standard private money for acquisition costs and then Lending Club for the repair costs (as many private lenders will not lend repair […]