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Now is a great time to buy a home

12-05-08
Tammy Vertrees
Tammy Vertrees: Real Estate Agent in Paradise, CA
  • view my blog
  • Office: (530) 413-8383
  • Secondary: (530) 877-6244
Now is a great time to buy a home

Your time has arrived to get the house you have dreamed about in the location of your choice. With the state of the current market, buyers can negotiate better prices and terms on homes that have been on the market for an extended period due to a number of reasons, most leading back to the economy. Sellers need to liquidate in order to make ends meet, prices are down, and interest rates low.

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Why you should buy Real Estate NOW!

11-07-08
Tammy Vertrees
Tammy Vertrees: Real Estate Agent in Paradise, CA
  • view my blog
  • Office: (530) 413-8383
  • Secondary: (530) 877-6244
Why you should buy Real Estate NOW!

Credit Unions To The Rescue by Broderick Perkins

Courtesy of Realtytimes

Been down to your friendly neighborhood credit union lately? You could find that elusive home loan you been unable to get anywhere else. Credit unions didn't need a bail out during the Great Depression, they didn't need federal intervention during the Savings & Loan debacle and they don't need government assistance now. In fact, right now, they are rolling out the red carpet for home loan borrowers.

For a professional, experienced agent that practices honesty & integrity, give me a call for a free consultation: 530-872-5428. I love helping my buyers & sellers with their Real Estate goals!



www.TammyVertrees.com

Learn from yesterday, live for today, hope for tomorrow.


Paradise, CA (95969) Weather Forecast
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Why you should buy Real Estate NOW!

10-17-08
Tammy Vertrees
Tammy Vertrees: Real Estate Agent in Paradise, CA
  • view my blog
  • Office: (530) 413-8383
  • Secondary: (530) 877-6244
Why you should buy Real Estate NOW!

Interest rates are down, making housing more affordable. With the national average rate for a 30-year conventional fixed-rate mortgage at around 6 percent, a buyer can save thousands over time. For example, a $200,000 loan amortized over 30 years at 5.9 percent interest will carry a monthly principal and interest payment of $1,186.27.

Let’s say you’re waiting for the price to drop, however, and you buy the property for $190,000. Sure, you’ve saved $10,000 initially, but in the meantime the interest rate climbs to 7 percent, and your monthly payment increases to $1,264.07. By missing out on the lower interest rate today, you pay an extra $28,008 over the 30-year life of the loan.

In case it bears repeating, now is the time to obtain a fixed-rate amortized loan. There is no reason to take on the risk of an adjustable rate mortgage when interest rates are at historical lows. Also keep in mind that lenders are going back to more traditional underwriting requirements in light of increased delinquencies. This means tougher restrictions on the amount of the down payment, proof of income, and credit scores will make obtaining a loan more difficult. Federal Housing Administration (FHA) loans, seller financing, and lease options are on the increase as alternative financing options to conventional loans.

With a little common sense and thorough homework, you’ll likely find that now is a great time to consider buying real estate. Markets are cyclical and the current combination of low prices, high inventory, low rates, motivated sellers, and increasing rental demand make it a buyer’s market for bargain shoppers.
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Catching the Perfect Wave: Timing the Market

10-17-08
Tammy Vertrees
Tammy Vertrees: Real Estate Agent in Paradise, CA
  • view my blog
  • Office: (530) 413-8383
  • Secondary: (530) 877-6244
Catching the Perfect Wave: Timing the Market

Savvy investors know that markets expand, peak, contract, and hit rock bottom. By understanding the four phases, as well as their signs and influences, an investor can time his entry in and out of a market. Ideally the time to buy is at the bottom, during the absorption phase, or early in the transition to a growth phase. And the time to sell is at the high point of growth, before saturation begins to have an effect.

It sounds simple in theory. Just buy low and sell high! However, timing your most profitable entry and exit points can be challenging in practice.

An investor must fight his natural tendency to follow the herd. When everyone else is in a euphoric buying mode, you might want to consider selling to lock in profits. Alternatively, when everything you read is negative and the vast majority of sellers seem to be slashing prices and unloading properties, it could be a good time to buy.

Rather than trying to time the crest or base of the wave, start targeting the signs that indicate a curve or movement to a new cycle is imminent.

For a professional, experienced agent that practices honesty & integrity, give me a call for a free consultation: 530-872-5428. I love helping my buyers & sellers with their Real Estate goals!



www.TammyVertrees.com

Learn from yesterday, live for today, hope for tomorrow.


Paradise, CA (95969) Weather Forecast
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For Sale by Owner vs. Using a Realtor

10-11-08
Tammy Vertrees
Tammy Vertrees: Real Estate Agent in Paradise, CA
  • view my blog
  • Office: (530) 413-8383
  • Secondary: (530) 877-6244
For Sale by Owner vs. Using a Realtor

Multiple Listing Service
Your listing contract should specify whether or not the house will be listed with the local MLS (multiple listing service). It is definitely in your interest to have the house listed. This is because your sales force is automatically multiplied by however many agents are members of the local MLS. If your house is not listed, then you only have one agent working for you instead of many.

This is where selling "by owner" generally fails.

Owners see that an agent puts a sign in the yard, prepares brochures, holds open houses, advertises in the paper and on the internet and they think this is how houses are sold. It is easy to understand why owners believe that, but it just isn't so.

Listing agents do those things for three main reasons. First, because the owners expect them to. Second, because it shows other sellers how much they do to market a home and it gets more listings. Third, because it brings in clients who want to buy "some" house - though it probably will not be yours.

Practically no one buys the house in the ad or a home they visit during an open house. Think about your own experiences when you bought the house you are now selling. How did you find it? Probably through your agent, who found it in the Multiple Listing Service.

The MLS is a huge network and practically every local agent is a member -- and those agents have clients looking to buy a home. That network is what sells your house.

For a professional, experienced agent that practices honesty & integrity, give me a call for a free consultation: 530-872-5428. I love helping my buyers & sellers with their Real Estate goals!
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