The Types of Listings

September 1, 2010
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There are several types of listing your real estate property. The commonly used are the “open listing” and the “one-time show”. Find out what these two means.

Open Listing

The “open listing” is mostly used by people who are trying to sell their home by having the will to work with real estate agents. Mainly, it gives the real estate agent the right to bring buyers around to view your home. If their client buys your home, the agent earns a commission. There is nothing exclusive about an open listing and a home seller can give out such listings to every agent who comes around.

One-Time Show

A “one-time show” is similar to an…

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Filed Under: Real Estate, Real Estate Investment

Return of Foreign Buyers to the Big Apple Real Estate

September 1, 2010
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Signs are that a number of foreign buyers are migrating back into the New York real estate market, betting a decline in prices may be about to turn.

According to reports, the dollar’s recent rally, rather than putting off foreign buyers, is encouraging them to jump into the market before it rallies further and drives up prices. According to the DE Capital Mortgage specialist, Richard Martin, “People are thinking it might run away from them because there are these predictions the dollar will even go further.” “We are talking a lot about foreign borrowers lately.”

The luxury end may be starting to swirl in Manhattan, the 23-square-mile island that is the heart…

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Filed Under: Economy Crisis, Foreclosures, Real Estate, Real Estate Investment

Mortgage Rates Rose Following Bond Yields

September 1, 2010
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Freddie Mac made public the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent with an average 0.6 point for the week ending March 25, 2010, somewhat rose from last week when it averaged 4.96 percent.

The 15-year FRM this week averaged 4.34 percent with an average 0.6 point, somewhat rose from last week when it averaged 4.33 percent. A year ago at this time, the 15-year FRM averaged 4.58 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.14 percent this week, with an average 0.6 point, higher from last week when it averaged 4.09 percent.

The 1-year Treasury-indexed ARM averaged 4.20…

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Filed Under: Mortgages, Real Estate

Mortgage Fraud Committed by a Home Builder

August 10, 2010
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Jacksonville, Florida – Marshall Craig Scott was found guilty of committing mail fraud, wire fraud, and conspiracy to commit mail fraud. Scott faces a maximum penalty of 145 years in federal prison. The sentencing hearing is scheduled for June 24, 2010. Scott was indicted on October 29, 2009.

Scott was one of four conspirators who schemed to defraud a variety of lending institutions in connection with residential home mortgages. Scott was one of three owners of American Home Builders, Inc. (AHB), who participated in a scheme to trick lending institutions into lending money to fund the purchases of new homes built by AHB.

Evidence established that the “extra money” extended by the…

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Filed Under: Economy Crisis, Lenders, Mortgages, Real Estate Fraud

Features to Qualify as Green Home

August 10, 2010
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Nowadays, the word “green” becomes a catchphrase when it comes to modern and contemporary home building and concepts. There are different standards and qualifications that will make up an eco-friendly and green home that is the universal of what the word “green” is about.

Green homes are greatly preferred by modern day home owners not only because of its environmental-friendly ideas and structure but it is also a great way of qualifying for incentives and other compensations since almost all states are giving credits for homes and infrastructures.

Energy efficiency is the basic standard that must be manifested in the entire structure, foundation and concept of the house. This is shown in…

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Filed Under: Green Building, Real Estate

The Growing Multi-Generation Housing

August 10, 2010
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Unlike in some cultures, in America an attitude of independence has reigned and living in multi-generational households has just not been as popular.

Nowadays, times are changing and multi-generational households are a rapidly increasing trend which is changing what buyers are looking for in a house. “There are a lot of people doubling up,” says Barry Goggin, owner of Ronkonkoma.

According to a poll by Coldwell Banker, 37 percent of its 2,360 agents polled noted increases in buyers who want to purchase homes that can accommodate multi-generational families. “There are times when there are young families moving back into a home because they can’t afford their own home and the owners of…

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Filed Under: Real Estate

Benefits of Renting over Buying in London

August 3, 2010
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London is a melting pot of cultures and lifestyles making it one of the most diverse places in the UK. Home to many of the world’s leading companies and an endless array of things to do and places to visit, it is little wonder that it appeals to so many as the ideal place to live.

For those looking to move to London the most popular option is to rent a place to live instead of buying. Because of the high property prices it can be easier to find flats to rent in London over houses for sale in London. Due to the nature of the property market in London with a…

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Filed Under: Real Estate, Real Estate Investment, Rentals

Josh Groban’s Malibu Haven Up for Grabs for $6.1 Million

July 28, 2010
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The American singer-songwriter and actor, Josh Groban has listed his Malibu haven for $6.1 million.

Josh Groban’s Malibu home measures 3,294 square foot. The home is a four-bedroom Tuscan villa-style home. His home is located at Point Dume area of Malibu where it has private beach rights. Enter a double-gated entry and a long drive back to the 1.8-acre estate that includes a separate guest house, recording studio, a salt water pool with a waterfall, lighted tennis court, a poolside cooking area and many private patios. The main house features stone floors with inlaid tiles.

The family room has high beamed ceilings and opens into billiard room with bar and wine cellar.…

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Filed Under: Celebrity Real Estate, Real Estate

Remove Clutter from the Most Important Part of the House – The Kitchen

July 28, 2010
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In home staging you must know which part of the house you must pay attention first. The kitchen is a good place to start removing clutter.

You must first get everything off the counters. Even the toaster must be removed. Find a place where you can store everything in the cabinets and drawers. Clean them out. Put everything in a box and put the box inside the storage room.

Home buyers usually open all the cabinets and drawers, most especially in the kitchen. They want to be sure there is enough room for their stuff. If your kitchen cabinets, pantries and drawers look jammed full, it sends a negative message to the…

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Filed Under: Home Improvement, Real Estate
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