How much do you REALLY know about the FHA 203k Loan?
The FHA 203k loan is a gift to home buyers just looking for a break. The FHA 203k affords the home buyer the ability to purchase a distressed property at a REASONABLE price, add in the rehab expenses and sometimes even a few months’ mortgage payments. An FHA 203k loan can be used for structural, mechanical and even cosmetic fixes. The minimum amount of repair/ rehab is $5,000! How great is that? With the FHA 203k Streamline loan they allow for $5,000-$35,000 in non-structural repairs. These properties must be owner occupied within 30 days after closing. Whereas the FULL FHA 203k will allow for structural repairs and the owner typically has six months before they must occupy the property. The FHA 203k loan just keeps getting sexier the more you know and learn about it. Yes, I said “SEXY”. A few added perks to the FHA 203k if you were not already aware… The 203k loan does not cost the Seller any additional money than your traditional loans. 203k loans can be refinanced into a 203b or other traditional loan. Home Buyers can purchase with the FHA 203k on all types of properties… REO/ foreclosures, short sales, HUD Homes. ***On HUD Homes, the 203k is perfect for the “FHA Uninsurable” properties. FHA Uninsurable means the property is not FHA insurable in its current condition, but with the FHA 203k, the house becomes FHA insurable because the needed repairs are included in the loan. Want to learn more about FHA, FHA 203k and other loan products? Contact the experts. Bill Whitmore with Happy Mortgage at 443.618.4093/ Bill@Happy Mortgage.com or myself, Renee Keshishian, Associate Broker with Century 21, Don Gurney… 410.320.3427/ Renee@FindMeAGreatHome.com. One last blurb! Join us for our monthly Home Buyer Seminar this month on Wednesday, May 11, 6:30pm. Even better.. Join us for our HUD/ Foreclosure Bus Tour on June 4. Contact us for details.
Kicking with Ellie in memory of Chris Tucker, the 2011 Kick-A-Thon to Benefit UMMS (University of Maryland Medical System) and Juvenile Diabetes was a HUGE hit.
Ellie is a long time student of Maryland State Martial Arts who has been living with Juvenile Diabetes. Chris Tucker is one of my three brothers who was suddenly killed in 2008 as a car pulled out in front of his motorcycle on Edwin Raynor Blvd, in Pasadena, Md. John Tucker, the owner and lead instructor at Maryland State Martial Arts, felt the need to reach out to the Pasadena and surrounding communities to assist in the fight against Juvenile Diabetes while bringing attention to the hundreds of motorcycle riders who are senselessly killed and injured each year.
The 2011 Kick-A-Thon was the third year participants came from both the Pasadena and Severna Park locations of Maryland State Martial Arts to lend their kicks and hearts to help out in a great cause. More than 25 children participated in this year's Kick-A-Thon. With more than 25,000 combined kicks and raising more than $7500 to benefit the University of Maryland, Center for Diabetes and Endocrinology and the R Adams Cowley, Shock Trauma Center at University of Maryland, this year's Kick-A-Thon has turned out to be a great success.
For the last three, maybe five years, Ellie McIntire and I have been meeting up every few months or so for a casual lunch to catch up. In the last year or so, lunch has turned into a pedicure. All we are missing is alcohol and we would be set!
Once upon a time, when I first met Ellie, the world of real estate was an unpredictable roller coater ride that ALWAYS turned out with a closing within 30-90 days after putting a home on the market. Over the last few years, the market has changed drastically to an unpredictable mess. *Thank you Obamaica and other government actions, unreasonable underwriters and other idiots that have contributed to this current economy and real estate mess we are in.
Anyway. The title of my book blog is "Why Ellie inspires me". Caught your eye didn't I? If you aren't familiar with the infamous Ellicott City Agent, Ellie McIntire you don't know what you are missing. She is delightful, aggressive as well as giving and warm hearted. GIRL POWER!!! Nothing and NO ONE means more to her than her son Drew. Her foriegn accent helps to set her apart from others. ELLIE MCINTIRE has an attitude that clearly conveys to anyone who comes in contact with Ellie she is about doing the right thing, having fun but don't stand in her way. Ellie McIntire has managed to navigate her way through this circus of a real estate market we are currently in. She works with Purchasers and Sellers from Anne Arundel County, Howard, Baltimore, from one end of the universe to the other. Ellie McIntire is the mistress of her domain. Armed with intelligence and tons of common sense, she doesn't take no for an answer or ever get taken advantage of.
My point is??? So many others have tried to convince me the market sucks, there are no qualified buyers or sellers out there.... the world as we know it is coming to an end. Today, while sitting enjoying our pedicures, Ellie and I shared (more Ellie than me) what works and what isn't working in keeping her real estate business alive and thriving. Ellie McIntire is thriving in today's real estate market. When you speak to Ellie you know Ellie loves her job almost as much as she loves her son, Drew. From Internet marketing, blogging, pop-bys, staying in touch with her database, she inspires me every time I speak with her or share a pedicure with her. Ellie McIntire brings me back to reality. This is a GREAT friggin' real estate market. As I like to say, "everything is on sale". In this market, we need to stick with the basics while adding a twist of the modern conveniences. When God made Ellie McIntire, he must have broken the mold. She works smart, enjoys life and makes the best of every situation. Her accent perks me up too!
If you want to find out where the current real estate market really is, turn off your televisions and read Ellie Mcintire's blog. Ellie posts her thoughts and events regularly. She is a dose of reality that many people are not ready for. Ellie doesn't hold back but you always know she is being honest and upfront with you. From her personal life to her professional adventures, she is a true inspiration. Ellie McIntire has managed to prosper in the world of real estate, selling at record highs, year after year (even in the last few years). Ellie stays ahead of her competition, keeping in touch with her past clients, marketing herself like a mad woman and taking advantage of every out of the box idea that is thrown her way. Ellie McIntire rocks! I wanna be like her one day... without the accent.
Ellie McIntire... You are my hero!
This last weekend, I attended the Marketing Academy with Vena Jones Cox.
What a breathe of fresh air? Not only did Vena provide invaluable information, she was precise. Her experiences in the world of real estate investing proved to be the asset I needed to help me make the connection between marketing and how it affects my businesses.
Vena uses practical, common sense techniques that make sense when promoting her business. She proved to be straight forward and ethical in her teachings and business. She really connected with many of us at her Marketing Academy. Her Marketing Academy was one of the very few conferences I have attended over the years that I came away excited to apply what I just learned into my real estate investing business.
I found Vena Jones Cox to be delightful, far knowledgable than any other speaker or "pros" in the world of real estate marketing (or investing for that matter).
I can't say enough great things about Vena Jones Cox and her Marketing Academy. I am looking for the next opportunity I can attend another conference with her... hopefully strictly on real estate investment aquisitions and practices. (HINT)
Vena Jones Cox is awesome! I wanna be the blonde version of her when I grow up!
Read more about Vena Jones Cox, her articles on real estate investing.
Visit the Real Estate Goddess, Vena Jones Cox for all your education and real estate investment needs. Find Vena on Facebook. Heck! Just google Vena Jones Cox... she is everywhere with raving reviews!!!
My good friend and associate Lori Dubellout of Florida sent me a disturbing (but not surprising) email yesterday. I thought it was important to share it with as many people concerned about their real estate transactions and the bottom dollar. Did you know real estate transactions will be subject to a 3.8% sales tax? Ouch! This is just one of the new health care "reforms" ObamaCare snuck in without notice. No matter if you are middle or considered upper class (or "rich") you will experience the blow to your wallet. Put into effect to support ObamaCare, real estate transactions will be subject to a 3.8% sales tax.
Just think about it. On a $200,000 homes this would be equal to $7,600! This is in additonal to your normal settlement fees already being incurred.
Health Law's Heavy Impact is more than real estate transactions subject to a 3.8% sales tax. You will also find snip pits of hidden penalties, additional taxes or tax hikes, middle class or not.
Is this Hope & Change great or what? Does this stuff makes your November and 2012 votes more important?
Real Estate for Investors, Home Buyers and Home Sellers. As an Associate Broker for more than 12 years, I have a realm of experiences from the Md 1st time home buyer, investment properties and land
My experiences reflect my day to day activities in assisting Sellers dispose of their troubled or unwanted homes to working with experienced, cash investors and first time home buyers.
Sellers it doesn't matter why you want to sell your home. The important thing is that I can help you. I don't just list and sell homes, I buy them too! Sell your house to me as-is and get a cash offer within 48 hours.
Investors. I offer common sense solutions to increase your portfolio and opportunities. I'm anything but your Average real estate broker. I prospect outside the MLS. I won't send you a bunch of listing everyday that have no interest to you. I find what YOU are looking for.
First Time Home Buyers. From Anne Arundel County, Baltimore County and Howard County I assist you with the purchase of your first home, one step at a time, each step of the way. I am intimate with many of the buyer incentives, grants and programs available that most agents have no clue about. I look for the great deal you are wanting in your first home.
Sellers and Investors.... Experienced, willing to work smart saving you time and $$$
Auction Properties•Bank Owned Properties•Bankruptcy•Cross Collateralization•Divorce•Estate Sales•Foreclosure•For Sale by Owner•FSBO•Grants & Tax Credits for Owner Occupants as well as Investors•GUT and Rehabs•HUD Homes•Income Producers•Investment Properties•Land & New Construction(Raw or Developed)•Lease Options for Buyers and Sellers•Owner Finance(Buyers and Sellers)•Probate Properties•REI•REO•Shells• Short Sales•Subject To•Tax Sales• Tear Downs•Trustee Sales•Whole Sale Properties•Water and Fire Damaged•1031 Tax Exchange.
Central Anne Arundel County Home Buyers...
Are you a Maryland First Time Home Buyer? Do you plan to PCS to Fort Meade? BRAC? DISA? For all your home buying needs and questions, let Renee Keshishian be your one stop resource. Specializing in FHA, FHA 203k and VA loan products, Renee Keshishian understands the guidelines and restrictions of the various FHA and VA home loans. No matter if you are looking for a HUD home, foreclosure, bank owned property or short sale, Renee Keshishian recognizes the benefits of distressed properties for the home buyer in today’s real estate market.
Are You Following Me?
From: Steve [mailto:]
Sent: Tuesday, May 15, 2007 10:09 PM
To: 'Todd & Melissa'
Cc: 'Renee'
Subject: Introduction
Todd & Melissa, This email is to introduce you to Renee Keshishian, that outstanding agent I was telling you about. I highly recommend her services, and believe she'll guide you through the process of selling your home.
She's very high energy, tech savvy, and creative, not to mention surrounded with the best network of industry professionals around. Her stagers are THE BEST!!!
Anyway, I look forward to hearing about your progress, and the prospect of becoming neighbors!
Steve York, Pasadena, Md.
"Thank you for all of your help and time (and the daily phone calls). Nate and I are so happy to finally have our own place. Without your guidance we may have made some very bad decisions along the way. You saved us!" - Erica and Nate Mantooth, Brooklyn Park, Md
"Renee was awesome! She did whatever she could to help us become first time home owners. She was very knowledgeable about everything. She was available no matter when we needed her. I will recommend her to family and friends. Many thanks."
"Renee was excellent. She was very straight forward and keeps up with the market trends. My house was sold while others in my neighborhood sat on the market with little action. She even managed to bring me multiple offers! Her fliers, advertising, print and web marketing were excellent" - Jim Miller, Pasadena, Md.
"We really couldn't have done it without you! Renee, you are great at what you do and we really appreciate you watching our backs. We hope to continue the friendship and look forward to sharing good times together. Thank you again for your help with both houses. First class all the way." - John Kipfer, Germantown, Md.
"It was great having you as our Realtor. Jim and I want to thank you so much for being so great with us. You made our experience in buying a home a wonderful one. You did everything for us. All we did was get our paperwork together. You kept us informed with everything. You made us feel at ease. This is what we thank you for. We have a beautiful home in an area that is great. The neighbors are fantastic. We are so grateful we met you. I will recommend you to everyone that is looking to buy or sell their home. Thank you so much!" - Jim and Bertha Welch, Taneytown, Md.
"When signing the contract there is a page explaining who the agent represents. This is an under statement. Renee did an outstanding job in making sure all transactions went smoothly in selling my home and buying a new one. She was able to sell my home for more than I thought I could get. She helped me purchase my new home for a great deal." - Mike Pfaeffle, Pasadena, Md.
When a client was asked "Was there anything Renee could have done to help make your real estate experience better?" He replied, "Exceeds is an understatement! When Lorna and I were ready to buy our house, I went looking for Renee. She is and always has been a real go-getter. Class act and won't stop working until you get the house you want. We will always utilize and refer Renee. Excellent." - John and Lorna, Poolesville, Md.
"We feel very lucky to have selected Renee as our broker. We had only sold one home in the last 35 years and knew very little about the process. She was very patient and reassuring with us through the process. She was very well organized and thorough with the paperwork. She kept us very well informed during the sale and settlement on the house. When there were some issues that arose near settlement time, Renee kept us calm and resolved them quickly and efficiently. We really appreciated that she was always just a phone call away. Thanks to her hard work and dedication, this was a very positive experience for us." - Gary and Suzanne, Montgomery Village, Md.
"Renee has been exceptional in helping me to achieve the goal of home ownership. As a first time homebuyer this task can be very overwhelming. However, at all times Renee was constantly working on my behalf day or night, helping me to achieve this goal. She proved to be invaluable with her knowledge and proved a great resource for me for which I am very grateful." - Wendy Darmanie, Montgomery Village, Md.
(In a letter sent to Renee's manager/ owner.) "With great appreciation I wish to commend your agent, Ms. Renee Keshishian. My husband and I could not have been more impressed with Ms. Keshishian. It was fortunate for us, that we found Ms. Keshishian, as she was found to be very dedicated and committed to the wants and needs of her customers. Moving and making the purchase of a home can be a very stressful and difficult time in life. However, dealing with Ms. Keshishian made that mission as pleasurable as possible. We found her to be very detailed, diligent and always going beyond her duties. We would not hesitate to make referrals to Ms. Keshishian to our friends, family and coworkers." - Sue V., Frederick, Md.
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