Lori Biven

If you are looking for some great rental properties right now because you aren't quite ready to buy, please consider William E Wood & Associates http://williamewood.com/loribiven . We are a great company for both buying, selling, and renting. IF you see any properties for sale, rent, or have a property to sell or rent, please do not hesitate to give me call. Lori at 7575958895

Hey out there , here are some great reasons why it is better to have home ownership versus renting and is 5 reasons. Take a look , it is from the New York Times 8/27/2010

5 Reasons Homeownership Trumps Renting
The seemingly endless run of bad housing news is discouraging some potential home buyers from considering a purchase. But the truth is that the advantages of homeownership have very little to do with investment gains. The best things about owning a home have a lot more to do with personal comfort and satisfaction.

Here are five of them:

· Be your own landlord. The bank can only kick you out if you don't pay; a landlord can be much less dependable - deciding to sell the property or choosing to live there themselves.
· Paying the principal is forced savings. Yes, it's possible that home prices will fall further. It is also possible that your 401(k) will lose value. But over the long haul, both are likely to enjoy modest gains in value.
· Fixed-rate mortgages never rise - and eventually you pay them off. With mortgage rates at record lows, people who buy now are locking in real bargains.
· Good schools. Family-sized rentals are harder to come by in areas with excellent public schools.
· Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned - not rented.

Source: The New York Times, Ron Lieber (08/27/2010)

If you are out there searching for a house in the Peninsula area and thought it cost for you to have representation, it usually doesn't. The seller of the house pays both sides of the commission, most of the time, except with For Sale By Owners, or FSBOs. I can help you with questions you have about getting prequalified, the home buying process, and help you locate what you are looking for.

According to the National Association of Realtors, the percentage of median household income needed to pay the mortgage of the median priced home is lower than it has been in 30 years. What does this mean for realtors and what does this mean for folks searching for a home. Well I see it as meaning that those people who have not actually lost their jobs and still have an income will be able to use less of their bring home pay to pay the mortgage. This is good news. It is nice to get some good news, if we also still remember that people must have an income to have a smaller percentage of it for mortgage. There is a lot at stake in this economy and many ways to stay positive. Just thought that we could use some good news. Any questions??? blog me. Lori