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10 Common Buying Mistakes

November 17th, 2009 @ FSBO

Based on 25 years of experience in the house for the construction of 30,000 people, Weekly offers these 10 biggest mistakes in home buying:
1. Do not do your homework. Knowledge is power. Quantity information is available on the Internet. There is no reason to enter the market unprepared.
2. Trying to make a wise investment. People need to buy based on what fits their family. Do not try to guess what will happen in the market.
3. Choosing a poor location. Even in a field, place matters. Even on the busy road? There is a shopping mall window again?
4. Overlooking a worse word for an attractive exterior. You can have wonderful curb appeal, but who do not live on the lawn. No matter how attractive the exterior, you need a livable home.
5. Overlooking how the house for your family. How you really live? Do you really need a formal dining room and living room? Do you want to be happier with a kitchen and a large room and it is to be used as an office? The house only needs a suitable family – yours.
6. Not having the home properly inspected in a resale. It is not the time for surprises. Get checked by a qualified, respected professional.
7. Do not attempt to check the reputation of the manufacturer on a new home. Talk to three or four people living in the house of the manufacturer and see what they have to say. If a manufacturer has all the houses in a neighborhood, talk with residents and get their input. (also a good way to see what your neighbors would like.)
8. Do not get what you want, because you impatient. This is a big decision. You need time. Impatience decisions can lead to errors.
9. In anticipation of a better market and interest rates. Warren Buffett says the rear-view mirror is always better to the windshield.
10. Not buying at all. If you can afford a house and do not buy that you will lose the benefit of tax deductions, building home equity and appreciation in value.

   

Do Haunted Houses Realy Exist?

October 30th, 2009 @ FSBO

Do haunted homes really exist? Could it be that spirits who have long since past have decided to continue to dwell where they felt most comfortable? If they do haunt a residence, will other strange activity occur such as odd smells or even sounds? I am going to list two haunted homes here and you can be the judge.

The first on my list of haunted homes is that of the Lilian Place which is located in Florida, Daytona Beach to be exact. This house was created in the late 1880’s. In all of Daytona Beach, the Lilian Place is actually one of the oldest you will find around. It is currently a quaint bed and breakfast but note here that looks can be rather deceiving. Apparently this haunted home was constructed on top of a burial ground that was used by the Indians which of course is prime territory for strange occurrences. All sorts of interesting paranormal activity has taken at this Victorian style home which includes lights turning off as well as on and a ghost that was simply dubbed Lucille. She has been seen by many visitors who have decided to vacation here. Lucille seems to not have caused a problem, just going about her business at Lilian Place I suppose!

The second selection on my list of haunted homes is located in Long Island, New York. It is called Raynham Hall and is open to the public. It once housed British soldiers during the Revolutionary War. One in particular, which is that of a Major refuses to leave. For some odd reason, employees of Raynham Hall have noticed the scent of cinnamon with no explanation. Orbs have been seen in pictures that have been taken here and EVPs have disclosed sounds such as screams that cannot be heard with the naked ear. Then of course there is the ghost that has been dubbed the “Brown Lady”. Her apparition was actually caught on film here when pictures were snapped during the early 1930’s.

   

The Home-Staging Cheat Sheet

September 30th, 2009 @ FSBO

Faced with a massive glut of unsold homes, many would-be sellers are struggling to make their properties stand out in today’s downtrodden real estate market. But while the economic head winds are beyond property owners’ control, author Barb Schwarz says they can dramatically improve their chances of making a sale by devoting attention to an often-overlooked corner of real estate marketing: home-staging.

Schwarz, the CEO of StagedHomes Inc, was a pioneer in home staging back in the early 1970s and has used the techniques to sell properties ever since. “The goal of home staging is for the buyer to mentally move in,” Schwarz says. “If they cannot mentally feel and see themselves living here, you’ve lost them.” Schwarz offers six simple tips to help home sellers better position themselves in a sluggish market.

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Mortgage Defaults: Many Are Intentional

September 21st, 2009 @ FSBO

Up to 26% of U.S. homeowners who stop paying their mortgage may be doing so intentionally, not because they can’t make the payments but because they don’t want to put money into a house that’s worth less than what they owe. That finding, from a paper by economists at the University of Chicago, Northwestern University and the European University Institute, raises some doubt about the approach the Obama Administration has taken toward stabilizing the housing market. The current approach focuses on whether or not homeowners can afford their monthly payments, and largely ignores the fact that some 20% of homeowners owe more than their house is worth — a situation known as negative equity, or being "underwater," which, according to the paper’s findings, may itself trigger default.

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Fizber.com – “Where the Power of Innovation is Fully Unleashed”

September 3rd, 2009 @ PR

Fizber.com – real estate classified web portal that enjoys its reputation of a forward-looking online resource, has introduced new system architecture. The database server is now realized with the virtual cluster solution in order to speed up query processing and enable unlimited database expanding opportunities.

A US-wide popular real estate classified web portal that provides its users with quality real estate property search and sales opportunities has implemented new system architecture. Now the information storage if fulfilled with a highly performing virtual cluster technology. The solution has several important advantages, namely:

• Unprecedented query processing speed

• Limitless opportunities of the information database expanding

The solution enables the system to withstand extremely heavy loads. Currently we process over 150-200 thousand queries to server every day. Here we count only queries to the main project functionality, excluding static content, such as photos, styles, scripts at javascript, etc. The load that can be withstood by the server approximates to over 700-900 thousand queries daily without introducing any architectural enhancements, though the architecture optimization possibility is embedded into the system.

According to the chief Fizber.com developer Alexander Yarosh: “It is rooted in our development philosophy to introduce the latest technology innovations and enhance the project functioning. We believe that the switch of our database storage to virtual cluster technology will contribute to better Fizber.com functioning, thus providing our users with better service. Fizber is that very project where the power of innovation if fully unleashed”.

It is important to state that Fizber developers did their best to never appear at the technology sidelines. New enhancements, additions, and improvements are being constantly introduced within the project flow. It is obvious that virtual cluster technology is not the end of the system improvement process.

About Fizber.com
Fizber.com is a state-of-the-art real estate classified web 2.0 website, providing its users with vast opportunities for real estate property buying, selling, and advertising in the U.S. Fizber.com boasts of full U.S. coverage that quickly connects buyers and sellers from all parts of the country. Fizber.com is by all rights considered the best real estate property search engine, trusted business partner and high quality services provider. Prospective homebuyers can browse the property database, available at www.fizber.com, at no charge.

   

Still Crashing, Or is It a Good Time to Buy a House?

August 25th, 2009 @ FSBO, buy a house

Conventional wisdom says that buying is preferable to renting. Instead of throwing money away on a home, you can invest in your future and have the sense of fulfillment that comes from owning a home. Turns out, conventional wisdom is wrong. Today, many long-term renters are in a much stronger financial position than many recent homebuyers, and the last thing these homeowners are feeling is contentment. But the combination of firesale prices on homes, the drop in mortgage rates, and government assistance in the form of the first time home buyer tax credit, may have you reconsidering the idea of buying your own home. Is now a good time? Read the rest of this entry »

   

Real Estate By State

July 17th, 2009 @ Foreclosure, buy a house

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Dealing With Interested Buyers of FSBO

June 17th, 2009 @ FSBO

  For homeowners, here are some simple guidelines that can guarantee a successful FSBO sale.

1. Invite interested buyers to visit your property again. Prepare the FSBO property for the next visit of interested buyers. Make sure every single corner of the house is clean and presentable. Set a comfortable atmosphere in your home. This next visit is make-or-break in a For Sale By Owner – it will determine whether the interested buyers will go on with the purchase or find another property.

2. Greet the interested buyers cordially the moment they arrive in your FSBO home. Offer them drinks. Allow them to go around the house once again without getting in their way. However, escort them as they tour the house so you could answer any questions they might have. Be patient in answering particularly when they have numerous questions. Remember that asking many questions is a good sign as it means that they are interested in the buying the FSBO property. Be honest when you answer their questions.

3. When the buyers show interest and ask you about the next step, be prepared with your answer. This is the time for the buyers to make their offer and formally put it in writing. It is important that you have copies of necessary contract forms which you will give interested buyers. Otherwise, simply knowing where to get the contract forms would be enough. Watch out for subtle signs. If the buyers say that they would want to discuss the sale, it might mean that they want to negotiate about certain terms. Only when there is formal writing that the transaction becomes official.

4. When the buyers want to negotiate the price of your FSBO home, do it in formal writing. Avoid any verbal negotiations. If they ask you the lowest price you are willing to counter-offer, before you declare any amount, ask for their entire offer first and request proof that they are qualified for the mortgage.

Simple Tips on Dealing with FSBO Buyers:

  • Be friendly. Treat your potential buyers well.
  • Be professional. If your buyers have negative comments regarding the FSBO property, think of them as something that you have to improve and work on instead of taking the comments personally. They could turn out to be helpful later on.
  • When there are discussions with interested buyers, keep them calm. Avoid confrontations. An FSBO sale is supposed to work for both the seller and the buyer.
   

Top 5 Real Estate Predictions for 2009

June 17th, 2009 @ Foreclosure, buy a house, rent a house

1. Little or No Appreciation as Market Bottoms

In parts of the country hardest hit by 2007 – 2008 foreclosures such as California, Michigan and Florida, prices will continue to soften. In scattered markets, the bottom will already have been reached by April but media won’t report it until late summer, after a trend has been established.

There will be no more dramatic price drops such as those 30% to 50% declines we saw between 2006 and 2008. But the market will not stabilize in 2009. Furthermore, consumer confidence will continue to fall, and more people will find themselves out of work.

On the bright side, employed home buyers with good credit will find 2009 is an excellent time to buy.

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$22 Million for a Village

June 17th, 2009 @ FUN

An entire village, complete with two blacksmiths, a shop and a cricket club, has been put up for sale for a cool £22.5 million.

Nestling in the rolling countryside of the North Wessex Downs, Linkenholt is the archetypal English village. Now, for a cool £22.5 million, it could all be yours, as the entire village – including every house in it – goes up for sale.

The historic village of 22 houses and cottages is part of a 2,000 acre estate which will go on the market later this month.

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