The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://LambrightTeam.com/redir.asp?page=gold_newsletter.asp&t=sicNews
Each month, we publish a series of articles of interest to
homeowners -- money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you. Please feel
free to pass these articles on to your family and friends.
-----------------------------------------------------------------
If another person has forwarded this issue to you, and
you would like to subscribe yourself, go to the following link:
http://stayincontact.com/sub.asp?Param=aWGbYbJY8l8ClCj9a
-----------------------------------------------------------------
This month's features...
FEATURE REPORT:
- Can Your Kitchen Pass the Food Safety Test?
ALSO THIS MONTH:
- Why It Is So Important That Your Home Is Correctly Priced and Marketed Properly
- Protecting Your Home from Fire and Carbon Monoxide
-----------------------------------------------------------------
*** THERE'S MORE ON THE WEB... LambrightTeam.com ***
Owe more than your home is worth? Sell it and get the debt forgiven!!!
http://upside-down-homes.com
FREE email list of foreclosure, HUD, repossessions and short sales:
http://purchase-hud-homes.com
Hire My Entire Team For LESS Than the Price of One Agent:
http://LambrightTeam.com/redir.asp?page=team.asp&t=sicNews
FREE Quick Over-the-Net Evaluation of your homes value:
http://LambrightTeam.com/redir.asp?page=homeeval.asp&t=sicNews
Find Out What the Home Down the Street Sold For:
http://LambrightTeam.com/redir.asp?page=gold_findout.asp&t=sicNews
How To Beat Out Other Buyers to Hot New Listings:
http://LambrightTeam.com/redir.asp?page=vip_buyer.asp&t=sicNews
Ask One of Our Experts Your Real Estate Question:
http://LambrightTeam.com/redir.asp?page=gold_askexpert.asp&t=sicNews
Find Out How Much You Can Afford In Your Next Home:
http://LambrightTeam.com/redir.asp?page=silver_mortgagecalc.asp&t=sicNews
Sunday, March 29, 2009
Sunday, March 15, 2009
Bank Short Sale without major credit damage
Recent changes to lender guidelines are allowing people to short sale their home without going late on their mortgage.
This allows the homeowner to sell their home and avoid major damage to their credit.
We have great success negotiating mortgage debt forgiveness for our clients. That means the lender forgives all the "negative equity" in the home and the seller can move on with their lives and purchase another home.
If you want to learn how to take advantage of this program or to see if it applies to your particular situation, drop us an email.
This allows the homeowner to sell their home and avoid major damage to their credit.
We have great success negotiating mortgage debt forgiveness for our clients. That means the lender forgives all the "negative equity" in the home and the seller can move on with their lives and purchase another home.
If you want to learn how to take advantage of this program or to see if it applies to your particular situation, drop us an email.
Saturday, February 28, 2009
Lambright Team monthly newsletter
Hello again........long time no speak!
Drop us a line and let us know what is going on in your life!! :-)
We wanted to send out our email newsletter to you.
http://LambrightTeam.com/redir.asp?page=gold_newsletter.asp&t=sicNews
I also wanted to welcome a new member to our team.....Dan Hamilton.
Dan has several years experience in real estate and is a welcome addition to our team. :-)
The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://LambrightTeam.com/redir.asp?page=gold_newsletter.asp&t=sicNews
Each month, we publish a series of articles of interest to
homeowners -- money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you. Please feel
free to pass these articles on to your family and friends.
-----------------------------------------------------------------
If another person has forwarded this issue to you, and
you would like to subscribe yourself, go to the following link:
http://stayincontact.com/sub.asp?Param=aWGbYbJY8l8ClCj9a
-----------------------------------------------------------------
This month's features...
FEATURE REPORT:
- Tips on Energy Efficient Windows
ALSO THIS MONTH:
- Homebuyers: How To Save Thousands of Dollars When You Buy
- Automatic and Programmable Thermostats
-----------------------------------------------------------------
*** THERE'S MORE ON THE WEB... LambrightTeam.com ***
Find out how to sell your home when you owe more than it is worth without paying a realtor commission or damaging your credit:
http://upside-down-homes.com
Get foreclosures, short sales, and HUD homes emailed daily:
http://hud-home-search.com
Hire My Entire Team For LESS Than the Price of One Agent:
http://LambrightTeam.com/redir.asp?page=team.asp&t=sicNews
FREE Quick Over-the-Net Evaluation:
http://LambrightTeam.com/redir.asp?page=homeeval.asp&t=sicNews
Find Out What the Home Down the Street Sold For:
http://LambrightTeam.com/redir.asp?page=gold_findout.asp&t=sicNews
How To Beat Out Other Buyers to Hot New Listings:
http://LambrightTeam.com/redir.asp?page=vip_buyer.asp&t=sicNews
Ask One of Our Experts Your Real Estate Question:
http://LambrightTeam.com/redir.asp?page=gold_askexpert.asp&t=sicNews
Find Out How Much You Can Afford In Your Next Home:
http://LambrightTeam.com/redir.asp?page=silver_mortgagecalc.asp&t=sicNews
What is a SHORT SALE exactly and how can it help me?
http://upside-down-homes.com
Drop us a line and let us know what is going on in your life!! :-)
We wanted to send out our email newsletter to you.
http://LambrightTeam.com/redir.asp?page=gold_newsletter.asp&t=sicNews
I also wanted to welcome a new member to our team.....Dan Hamilton.
Dan has several years experience in real estate and is a welcome addition to our team. :-)
The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://LambrightTeam.com/redir.asp?page=gold_newsletter.asp&t=sicNews
Each month, we publish a series of articles of interest to
homeowners -- money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you. Please feel
free to pass these articles on to your family and friends.
-----------------------------------------------------------------
If another person has forwarded this issue to you, and
you would like to subscribe yourself, go to the following link:
http://stayincontact.com/sub.asp?Param=aWGbYbJY8l8ClCj9a
-----------------------------------------------------------------
This month's features...
FEATURE REPORT:
- Tips on Energy Efficient Windows
ALSO THIS MONTH:
- Homebuyers: How To Save Thousands of Dollars When You Buy
- Automatic and Programmable Thermostats
-----------------------------------------------------------------
*** THERE'S MORE ON THE WEB... LambrightTeam.com ***
Find out how to sell your home when you owe more than it is worth without paying a realtor commission or damaging your credit:
http://upside-down-homes.com
Get foreclosures, short sales, and HUD homes emailed daily:
http://hud-home-search.com
Hire My Entire Team For LESS Than the Price of One Agent:
http://LambrightTeam.com/redir.asp?page=team.asp&t=sicNews
FREE Quick Over-the-Net Evaluation:
http://LambrightTeam.com/redir.asp?page=homeeval.asp&t=sicNews
Find Out What the Home Down the Street Sold For:
http://LambrightTeam.com/redir.asp?page=gold_findout.asp&t=sicNews
How To Beat Out Other Buyers to Hot New Listings:
http://LambrightTeam.com/redir.asp?page=vip_buyer.asp&t=sicNews
Ask One of Our Experts Your Real Estate Question:
http://LambrightTeam.com/redir.asp?page=gold_askexpert.asp&t=sicNews
Find Out How Much You Can Afford In Your Next Home:
http://LambrightTeam.com/redir.asp?page=silver_mortgagecalc.asp&t=sicNews
What is a SHORT SALE exactly and how can it help me?
http://upside-down-homes.com
Wednesday, February 4, 2009
How to Save Housing in the USA without spending any taxpayer $$$
I promise that you will never get
a BLOG from me about politics.............
This blog will start to sound a little like politics,
but it is not! It is about saving our homes, neighborhoods
and our country. And you can help.......
Please read this and decide for yourself.
You see, there is a bill in Congress right now -- HR600.
It is very important to YOU and ME and YOUR KIDS and
YOUR NEIGHBORS.
HR600 is the bill that will decide whether or not Down
Payment Assistance (DPA) should be allowed again.
(It was killed in October 2008 by Congress and HUD).
CALL ON CONGRESS TODAY -- (send your local,
state, and federal politicians an email--takes 4 minutes at most)
What is Down Payment Assistance you ask?? It is
where the SELLER can contribute $$ to the BUYER
of their home so that they can buy their first home.
IT DOES NOT COST ONE PENNY OF
TAXPAYER MONEY!! NONE. ZERO.
ZILCH. NADA. (did you catch that?) It does not
cost you or me anything!! :-)
Why is it so important? Check out these facts
quoted from this website: http://www.ameridream.org
Over the past 10 years charitable down payment
assistance funded in part by home sellers have:
* Helped over one million people become homeowners.
* Given over $4 billion in cash for down payment assistance.
* Spurred $11 billion of direct spending with $24 billion of net economic impact.
* Never used government money or taxpayer dollars.
You see, most first time homebuyers do NOT
have$$ tens of thousands of dollars $$ to buy
their first home (who does nowadays--right?)
This program allows the SELLER to contribute
the down payment to the BUYER.
Now, this program was abused in the past because
LENDERS did not uphold their end of the bargain
and started letting EVERYONE get a loan--even
if they had terrible credit. That does not help anyone
and is, in fact, a detriment to everyone. That practice
MUST STOP.
HR600 is not asking for FHA to decrease their
lending restrictions........but rather, it is asking
them to make the restrictions tougher!! But at
the same time, allow QUALIFIED BUYERS to
use the DPA program to buy a home.
Why should you care??????????????
Because our country will not recover until HOUSING
recovers.
Forget WALL ST. Think MAIN ST.
We have to help the common American from the
Grass Roots level and get the first time home
buyers into the market.
Like it or not, 70% of Americans wealth are tied
up in their personal residences. We have to STOP
the decline in home prices and stem the tide of
foreclosures.
EMAIL CONGRESS A SHORT EMAIL -- (type one
email and it will automatically go to all of your
Congressmen & women)
Until first time home buyers start buying again,
no one else can sell their home and move up to a
larger home. It is an ugly Domino Effect.
Think about it. If the low-priced homes cannot be
sold, how can the upper-end homes sell? We have
to get the low end inventory sold (first time
homebuyers)--so those sellers can move up the
chain and buy larger homes and so on and so on.
Make sense?
Foreclosures are caused (quite often) because
the SELLER cannot SELL--even if they want
to (unless it is by a Short Sale). We must stop
foreclosures--now.
Congress is set to vote on this on February 9th, 2009.
If you think this is important--you must act right
now (it will take about 4 minutes of your time). I did
it in less time.
Click the link below:
I CARE ABOUT MY HOUSE AND WANT TO STOP ITS DECLINE IN VALUE
-- (take 4 minutes to let congress know we don't want
to spend anymore taxpayer $$)
This program can be a BIG start to fixing
the HOUSING CRISIS and it DOESN'T COST
A PENNY!!
Have a great day!!
a BLOG from me about politics.............
This blog will start to sound a little like politics,
but it is not! It is about saving our homes, neighborhoods
and our country. And you can help.......
Please read this and decide for yourself.
You see, there is a bill in Congress right now -- HR600.
It is very important to YOU and ME and YOUR KIDS and
YOUR NEIGHBORS.
HR600 is the bill that will decide whether or not Down
Payment Assistance (DPA) should be allowed again.
(It was killed in October 2008 by Congress and HUD).
CALL ON CONGRESS TODAY -- (send your local,
state, and federal politicians an email--takes 4 minutes at most)
What is Down Payment Assistance you ask?? It is
where the SELLER can contribute $$ to the BUYER
of their home so that they can buy their first home.
IT DOES NOT COST ONE PENNY OF
TAXPAYER MONEY!! NONE. ZERO.
ZILCH. NADA. (did you catch that?) It does not
cost you or me anything!! :-)
Why is it so important? Check out these facts
quoted from this website: http://www.ameridream.org
Over the past 10 years charitable down payment
assistance funded in part by home sellers have:
* Helped over one million people become homeowners.
* Given over $4 billion in cash for down payment assistance.
* Spurred $11 billion of direct spending with $24 billion of net economic impact.
* Never used government money or taxpayer dollars.
You see, most first time homebuyers do NOT
have$$ tens of thousands of dollars $$ to buy
their first home (who does nowadays--right?)
This program allows the SELLER to contribute
the down payment to the BUYER.
Now, this program was abused in the past because
LENDERS did not uphold their end of the bargain
and started letting EVERYONE get a loan--even
if they had terrible credit. That does not help anyone
and is, in fact, a detriment to everyone. That practice
MUST STOP.
HR600 is not asking for FHA to decrease their
lending restrictions........but rather, it is asking
them to make the restrictions tougher!! But at
the same time, allow QUALIFIED BUYERS to
use the DPA program to buy a home.
Why should you care??????????????
Because our country will not recover until HOUSING
recovers.
Forget WALL ST. Think MAIN ST.
We have to help the common American from the
Grass Roots level and get the first time home
buyers into the market.
Like it or not, 70% of Americans wealth are tied
up in their personal residences. We have to STOP
the decline in home prices and stem the tide of
foreclosures.
EMAIL CONGRESS A SHORT EMAIL -- (type one
email and it will automatically go to all of your
Congressmen & women)
Until first time home buyers start buying again,
no one else can sell their home and move up to a
larger home. It is an ugly Domino Effect.
Think about it. If the low-priced homes cannot be
sold, how can the upper-end homes sell? We have
to get the low end inventory sold (first time
homebuyers)--so those sellers can move up the
chain and buy larger homes and so on and so on.
Make sense?
Foreclosures are caused (quite often) because
the SELLER cannot SELL--even if they want
to (unless it is by a Short Sale). We must stop
foreclosures--now.
Congress is set to vote on this on February 9th, 2009.
If you think this is important--you must act right
now (it will take about 4 minutes of your time). I did
it in less time.
Click the link below:
I CARE ABOUT MY HOUSE AND WANT TO STOP ITS DECLINE IN VALUE
-- (take 4 minutes to let congress know we don't want
to spend anymore taxpayer $$)
This program can be a BIG start to fixing
the HOUSING CRISIS and it DOESN'T COST
A PENNY!!
Have a great day!!
Monday, January 26, 2009
The Lambright Team Monthly Newsletter
Here is the link to our monthly newsletter
The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://LambrightTeam.com/redir.asp?page=gold_newsletter.asp&t=sicNews
Each month, we publish a series of articles of interest to
homeowners -- money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you. Please feel
free to pass these articles on to your family and friends.
-----------------------------------------------------------------
If another person has forwarded this issue to you, and
you would like to subscribe yourself, go to the following link:
http://stayincontact.com/sub.asp?Param=aWGbYbJY8l8ClCj9a
-----------------------------------------------------------------
This month's features...
FEATURE REPORT:
- Should You Have the Air Ducts in Your Home Cleaned?
ALSO THIS MONTH:
- 13 Extra Costs to be Aware of Before Buying a Home
- Things You Need to Know About Automobile Tire Care and Safety
-----------------------------------------------------------------
*** THERE'S MORE ON THE WEB... LambrightTeam.com ***
Sell Your Home No Matter How Much You Owe The Bank--via a Short Sale:
http://upside-down-homes.com
Purchase Foreclosures, Repossessions, Bank Owned, Short Sales, and HUD Homes:
http://purchase-hud-homes.com
Hire My Entire Team For LESS Than the Price of One Agent:
http://LambrightTeam.com/redir.asp?page=team.asp&t=sicNews
FREE Quick Over-the-Net Evaluation:
http://LambrightTeam.com/redir.asp?page=homeeval.asp&t=sicNews
Find Out What the Home Down the Street Sold For:
http://LambrightTeam.com/redir.asp?page=gold_findout.asp&t=sicNews
How To Beat Out Other Buyers to Hot New Listings:
http://LambrightTeam.com/redir.asp?page=vip_buyer.asp&t=sicNews
Ask One of Our Experts Your Real Estate Question:
http://LambrightTeam.com/redir.asp?page=gold_askexpert.asp&t=sicNews
Find Out How Much You Can Afford In Your Next Home:
http://LambrightTeam.com/redir.asp?page=silver_mortgagecalc.asp&t=sicNews
The latest version of our HomeMarketWatch Insider newsletter
is now available on our website at:
http://LambrightTeam.com/redir.asp?page=gold_newsletter.asp&t=sicNews
Each month, we publish a series of articles of interest to
homeowners -- money-saving tips, household safety checklists,
home improvement advice, real estate insider secrets, etc.
Whether you are currently in the market for a new home, or not,
we hope that this information is of value to you. Please feel
free to pass these articles on to your family and friends.
-----------------------------------------------------------------
If another person has forwarded this issue to you, and
you would like to subscribe yourself, go to the following link:
http://stayincontact.com/sub.asp?Param=aWGbYbJY8l8ClCj9a
-----------------------------------------------------------------
This month's features...
FEATURE REPORT:
- Should You Have the Air Ducts in Your Home Cleaned?
ALSO THIS MONTH:
- 13 Extra Costs to be Aware of Before Buying a Home
- Things You Need to Know About Automobile Tire Care and Safety
-----------------------------------------------------------------
*** THERE'S MORE ON THE WEB... LambrightTeam.com ***
Sell Your Home No Matter How Much You Owe The Bank--via a Short Sale:
http://upside-down-homes.com
Purchase Foreclosures, Repossessions, Bank Owned, Short Sales, and HUD Homes:
http://purchase-hud-homes.com
Hire My Entire Team For LESS Than the Price of One Agent:
http://LambrightTeam.com/redir.asp?page=team.asp&t=sicNews
FREE Quick Over-the-Net Evaluation:
http://LambrightTeam.com/redir.asp?page=homeeval.asp&t=sicNews
Find Out What the Home Down the Street Sold For:
http://LambrightTeam.com/redir.asp?page=gold_findout.asp&t=sicNews
How To Beat Out Other Buyers to Hot New Listings:
http://LambrightTeam.com/redir.asp?page=vip_buyer.asp&t=sicNews
Ask One of Our Experts Your Real Estate Question:
http://LambrightTeam.com/redir.asp?page=gold_askexpert.asp&t=sicNews
Find Out How Much You Can Afford In Your Next Home:
http://LambrightTeam.com/redir.asp?page=silver_mortgagecalc.asp&t=sicNews
Sunday, December 28, 2008
IT DOESN'T MATTER How Much You Owe on Your Home........We Can Sell it!!
I Know, I know...........
1. You owe more on your home than what it is worth.
2. You don't have tens of thousands of dollars to bring to the closing table.
3. You have good credit and are not behind on your payments.
4. Homes are not selling where you live.
5. There is a real estate and mortgage crisis going on in this country.
6. You would love to take advantage of the HUGE buying opportunities in this market.
Relax people! Banks are now allowing people to sell their home for less than what is owed on them. We are selling homes for people who are upside down by over $100,000 and the banks are letting them do it!! They have a program to do this without destroying your hard-earned good credit.
"Why"??
Because the banks are getting HUGE handouts from the government. They want to take ALL of their losses now while the government is giving these handouts out like Halloween Candy. Their strategy is to flush all the negative equity out of the market TODAY!!
The process is called a "SHORT PAYOFF".
NEVER HEARD OF IT??
Don't feel bad, most people haven't....
If you would like to know how this is done or to see if you qualify, shoot us an email or a phone call (614-804-2100).
We are doing these transactions in all 50 states.
These programs will NOT last forever..........
When the bailout money is gone, these programs will probably go bye-bye.....
If you are ever going to do it, now is the time!!
For a copy of our book we co-authored, Should I Short Sale My Home?, send me an email and I will email it to you.
1. You owe more on your home than what it is worth.
2. You don't have tens of thousands of dollars to bring to the closing table.
3. You have good credit and are not behind on your payments.
4. Homes are not selling where you live.
5. There is a real estate and mortgage crisis going on in this country.
6. You would love to take advantage of the HUGE buying opportunities in this market.
Relax people! Banks are now allowing people to sell their home for less than what is owed on them. We are selling homes for people who are upside down by over $100,000 and the banks are letting them do it!! They have a program to do this without destroying your hard-earned good credit.
"Why"??
Because the banks are getting HUGE handouts from the government. They want to take ALL of their losses now while the government is giving these handouts out like Halloween Candy. Their strategy is to flush all the negative equity out of the market TODAY!!
The process is called a "SHORT PAYOFF".
NEVER HEARD OF IT??
Don't feel bad, most people haven't....
If you would like to know how this is done or to see if you qualify, shoot us an email or a phone call (614-804-2100).
We are doing these transactions in all 50 states.
These programs will NOT last forever..........
When the bailout money is gone, these programs will probably go bye-bye.....
If you are ever going to do it, now is the time!!
For a copy of our book we co-authored, Should I Short Sale My Home?, send me an email and I will email it to you.
Friday, November 21, 2008
Has Central Ohio Hit ROCK BOTTOM???
Has Central Ohio hit ROCK BOTTOM???
Many Industry experts (including us) feel that it has...........
Read on.
FRONT PAGE NEWS OF THE COLUMBUS DISPATCH!
The headline reads: "THAT SINKING FEELING OUCH!"
Sounds terrible and depressing, right?
However, if you read the article carefully (on page 4) you will see
that the data points to the fact that OUR local real estate market
is nearing the bottom.
How do we know that?
1. Affordability Index--Our homes are undervalued here. Our median price is in the $140's while the rest of the midwest is in the $160's.
2. Cost of resale home vs new home--"A recent National Bureau of Economic Research study found that home-sales prices were below comparable housing construction costs............including Columbus. It means the Columbus market is probably undervalued."---Walter Maloney spokesman for the National Association of Realtors
3. The number of homes on the market is declining--The number of listings was down 15% in September and NEW listings are off by 13.6% (this helps balance the market out)
4. The decrease in value is slowing in our market--NEVER pay attention to national numbers. We started our decline about 2 years ahead of CA, FL, NV, and other parts of the country. We should recover before they do as well. Central Ohio ONLY FELL 5% FROM THE SAME QUARTER AS 2007.
5. The number of incentive programs by the government is increasing for BUYERS--The government is voting to bring back Down Payment Assistance and they created a huge $7500 tax CREDIT for buyers who use FHA (contact us for more details on this incredible incentive).
6. Many people have been waiting for the BOTTOM OF THE MARKET.--Rarely are people able to time the stock market or the real estate market. However, people will try to do it. Most of them are going to get caught on the way UP next year. I can't tell you how many people have told me they are going to wait until prices hit bottom and THEN buy a home. It is happening in 2009 according to the data.
7. Some markets are already increasing in the US and have "bottomed out".--Two states on either side of us (Illinois and New York) have had greater than 8% increases in pricing this quarter compared with 2007.
8. Mortgage Rates are dropping like crazy.--The bond market is going crazy and driving down 30 year fixed rates.
IF YOU (OR ANYONE YOU KNOW) HAS EVER THOUGHT OF BUYING A HOME, DO NOT MISS OUT ON THE MOST INCREDIBLE BUYING OPPORTUNITY THEY MAY EVER SEE!!! (yes, I am yelling with my bold face type because I do not want anyone to miss it) :-)
If you are SELLING (as a move-up buyer) and buying in a higher price point, YOU CAN MAKE (SAVE) THOUSANDS OF DOLLARS BY SELLING NOW AND BUYING NOW. If this does not make sense or seem irrational, contact us for an explanation. Move-up buyers have the BEST opportunity in a buyers market. They PAY MORE in a sellers market and it actually works AGAINST them. Weird huh??
If you MUST sell (and owe more than your home is worth), we have programs to help get your home sold and NOT have to bring any money to the closing table. If you don't know what a SHORT PAYOFF is or a SHORT SALE (they are not the same thing) contact us immediately. These special programs are running out of time. The government is only running Short Sale Forgiveness through 2009!! Don't miss out on it.
If you have ever thought of INVESTING, NOW IS THE TIME!! We have single family homes that cashflow around $100-$150 per month on a 15 year mortgage and have a property management company to do all the UGLY work. You will need about $10,000 to invest to purchase the property. The biggest complaint we hear is "I don't want to be a LANDLORD". Well, neither do we. We have a property managment company that: renovates the home, does the dirty work, rents the home, collects rents, does the lawn care, takes all maintenance calls, screens the clients, (everything) and makes it so you never even have to see the property..........EVER. Call or email for details.
So, keep you head up!!
It is most likely that the WORST IS BEHIND US here in Central Ohio.
Thank Goodness!!! :-)
Many Industry experts (including us) feel that it has...........
Read on.
FRONT PAGE NEWS OF THE COLUMBUS DISPATCH!
The headline reads: "THAT SINKING FEELING OUCH!"
Sounds terrible and depressing, right?
However, if you read the article carefully (on page 4) you will see
that the data points to the fact that OUR local real estate market
is nearing the bottom.
How do we know that?
1. Affordability Index--Our homes are undervalued here. Our median price is in the $140's while the rest of the midwest is in the $160's.
2. Cost of resale home vs new home--"A recent National Bureau of Economic Research study found that home-sales prices were below comparable housing construction costs............including Columbus. It means the Columbus market is probably undervalued."---Walter Maloney spokesman for the National Association of Realtors
3. The number of homes on the market is declining--The number of listings was down 15% in September and NEW listings are off by 13.6% (this helps balance the market out)
4. The decrease in value is slowing in our market--NEVER pay attention to national numbers. We started our decline about 2 years ahead of CA, FL, NV, and other parts of the country. We should recover before they do as well. Central Ohio ONLY FELL 5% FROM THE SAME QUARTER AS 2007.
5. The number of incentive programs by the government is increasing for BUYERS--The government is voting to bring back Down Payment Assistance and they created a huge $7500 tax CREDIT for buyers who use FHA (contact us for more details on this incredible incentive).
6. Many people have been waiting for the BOTTOM OF THE MARKET.--Rarely are people able to time the stock market or the real estate market. However, people will try to do it. Most of them are going to get caught on the way UP next year. I can't tell you how many people have told me they are going to wait until prices hit bottom and THEN buy a home. It is happening in 2009 according to the data.
7. Some markets are already increasing in the US and have "bottomed out".--Two states on either side of us (Illinois and New York) have had greater than 8% increases in pricing this quarter compared with 2007.
8. Mortgage Rates are dropping like crazy.--The bond market is going crazy and driving down 30 year fixed rates.
IF YOU (OR ANYONE YOU KNOW) HAS EVER THOUGHT OF BUYING A HOME, DO NOT MISS OUT ON THE MOST INCREDIBLE BUYING OPPORTUNITY THEY MAY EVER SEE!!! (yes, I am yelling with my bold face type because I do not want anyone to miss it) :-)
If you are SELLING (as a move-up buyer) and buying in a higher price point, YOU CAN MAKE (SAVE) THOUSANDS OF DOLLARS BY SELLING NOW AND BUYING NOW. If this does not make sense or seem irrational, contact us for an explanation. Move-up buyers have the BEST opportunity in a buyers market. They PAY MORE in a sellers market and it actually works AGAINST them. Weird huh??
If you MUST sell (and owe more than your home is worth), we have programs to help get your home sold and NOT have to bring any money to the closing table. If you don't know what a SHORT PAYOFF is or a SHORT SALE (they are not the same thing) contact us immediately. These special programs are running out of time. The government is only running Short Sale Forgiveness through 2009!! Don't miss out on it.
If you have ever thought of INVESTING, NOW IS THE TIME!! We have single family homes that cashflow around $100-$150 per month on a 15 year mortgage and have a property management company to do all the UGLY work. You will need about $10,000 to invest to purchase the property. The biggest complaint we hear is "I don't want to be a LANDLORD". Well, neither do we. We have a property managment company that: renovates the home, does the dirty work, rents the home, collects rents, does the lawn care, takes all maintenance calls, screens the clients, (everything) and makes it so you never even have to see the property..........EVER. Call or email for details.
So, keep you head up!!
It is most likely that the WORST IS BEHIND US here in Central Ohio.
Thank Goodness!!! :-)
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