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Tuesday, September 30, 2008

8 Steps to Help Preserve Your Neighborhood From Foreclosed Homes

Are there foreclosures in your neighborhood? Sacramento, CA has certainly had its fair share of real estate foreclosures. Some neighborhoods worse off than others. The steps to be a pro-active neighbor are not just for Sacramento neighborhoods but can be applied all over the country.

Have homeowners moved out on your street? Are there vacant homes on your street? Have renters moved out and no one has moved in?

Have you seen the remnants of a Foreclosure in your neighborhood? Are you sick of seeing burned-up grass in neighborhoods?

I recently saw what could be a solution to help sell a house where the banks have decided to turn off the water and no one is taking care of the lawn.

 

Here are some solutions neighbors can do to help preserve their own neighborhoods:

  1. Form a Neighborhood Watch through your local Police Department
  2. Become familiar with your neighbors and know who is living in the houses on your street
  3. Be aware when neighbors move out (many times a house stays vacant for months before a bank is aware that the owner has even moved out.
  4. When a house is vacant, check for trash and put it out for pick-up. Remember, no one is there to do it and trash brings rats into your neighborhood
  5. Park one of your cars in the driveway and rotate them to keep pilfers at bay
  6. Pull weeds and mow the lawn...take turns in your neighborhood and keep up your street
  7. Report broken windows etc to your County officials
  8. Report any suspicious cars or people on the property

It's time that neighbors took back their neighborhood and become pro-active. Don't try to use the water or figure out a way to turn on what has been shut off at a vacant house. As this may cause major flooding inside a winterized house.  If water is needed, use your own water.

A proactive approach is always less stressful and will lend itself to being a "good neighbor," while helping yourself in the process.





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Monday, September 29, 2008

Home Buyers - DIY Home Inspection - You May Not Need a Hired Inspection

By doing your own Home Inspection you will know your new home better. You will better understand the working components of the home, by testing the appliances, following the instructions on running and testing the Furnace and Air Conditioner, Water Heater, etc. these instructions are included in Good DIY Inspection Reports.

When purchasing a DIY Home Inspection Checklist, make sure it is more than a simple fill in the blank checklist (without "how to" instruction.) Most reports on the market do not have instruction to guide you through a home inspection. A DIY Inspection Report should give you detailed instruction on how to perform an inspection on any of the many components one will find in a home.

You will find most hired Home Inspectors have many disclaimers built into their pre-inspection agreement and their report. If an issue is found with their inspection, they will want you to get a professional to look at it for their opinion, to eliminate the inspector's liability. If you were performing your own home inspection, and you found something it is suggested to talk to your Realtor and/or the homeowner. If their answers do not set quite right with you, you could call a professional to look at the problem, just as the hired inspector would do. Or elect not to make an offer on the house.

Things to remember when doing your own inspection:

•It is a visual inspection only. If there is a need to see behind something, the homeowner should be asked to make the area accessible for further inspection. Respect for the home owner's property (home and contents), should be top priority.

•After testing the furnace and/or air conditioning reset the thermostat to where it was.

•Electrical breakers should not be tripped. With the electronics and computers being used, tripped breakers may cause major problems.

•When testing GFCI receptacles make sure they are all reset after testing. Freezers in garages are commonly using a GFCI receptacle.

•Leave the home exactly as you found it.

The BAIR (Building Analysis Inspection Report) System has been designed by a home inspector who has completed 7000 home inspections. It is designed to be thorough yet an easy guide to follow. It includes a checklist for each section as well as a summary page for your evaluation of your home.

Review and Download at: http://www.bairsystem.com





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Saturday, September 20, 2008

Veterans Real Estate Goes Nationwide!

#1 Real Estate Portal for Veterans Online!

If you are Active Duty, honorably discharged or Retired from the U.S. Armed Forces, we have built an exclusive website just for You and Your Family.

If you are looking to buy or sell real estate and need a real estate professional, who in most cases is a Veteran him or her self, perhaps is even a retiree as well, and someone who understands your sacrafices, your hardships, and your lifestyle, then you have come to the right place!

Introducing www.VeteransRealEstate-Online.com --- the leading portal online which will give you access to properties throughout the country, as well as overseas.



RE AGENTS, LOAN OFFICERS & HOME INSPECTORS:
If you are a licensed real estate professional, a real estate agent, loan officer, or home inspector, and have experience working with US Military personnel and their families to buy or sell a home, then we encourage you to affiliate with this website so we can refer Miltary clients to you!

CLICK HERE TO REGISTER
 




Looking for simple solutions to your real-life financial challenges? Check out WalletPop for the latest news and information, tips and calculators.

Exclusively for....U. S. Military Veteransand their Families

 

The American Dream is just as real today as it has been in the past!

Matter of fact, interest rates continue to bob up and down like a yo-yo but we've seen it drop from the mid 6's down to 5.25% last week. But if you going to buy, you need to tell your lender to keep an eye on the rate and to call when it surges one way or the other.

If you are interested in Buying a Property and would like BUYERS AGENT representation and FREE services, please go to www.PreviewPropertiesInc.com and click on the Home Search icon. This will enable you to conduct a home search throughtout the state and alternately if you wish to home search Nationwide, we can help you with that as well. All you need to do is complete the short form provided and I will set out to assist you any way we can.

If you are a homeowner and wish to Sell Your Home, go to our National website at www.VeteransMLS.com where you may list your home for sale or for rent FREE of charge.

If you wish to use our popular services to sell your home, pay a visit to our website at www.Homesale-Guarantee.com ---


For most part of the country, we have a Buyers Market --- but get the facts please. Listening to the nightly FOX or CNN news will deceive you. There breaking news stories about the market may not apply to your area. Use national news as an indicator, but always check with local professionals before making any decisions that will cost you or save you money!




Looking for simple solutions to your real-life financial challenges? Check out WalletPop for the latest news and information, tips and calculators.

Saturday, September 13, 2008

PRO-528 Multi-Channel Handheld Scanner is a Great Unit - $86 on EBay.

Product Review
 
PRO-528 is a Great Unit - Bought new for $86 on EBay (reg. $149.00).
By Beryl from Everett WA on 9/13/2008

Pros:
Attractive Design, Great reception, Great coverage, Functional, Good sound quality, Lightweight

Cons:
Difficult To Install, Find manual necessary, Not user friendly

Best Uses:
Entertainment

Car & Truck:
Casual Driver

Bottom Line:
Yes, I would recommend this to a friend

I find myself needing the manual to make simple changes. That is because installing frequencies, for example, the steps to take, are not so obvious.

To bad these units don't have a help button that has audio which says PGM 1 for setting frequency range in a bank, press PGM 2 for selecting a specific frequency, etc. --- in other words the help screen gives you programming options in audio and allows you to make a step, then guides you through to the next step until you re finished. Audio help technology is easy to provide these days ---- if not on the unit itself, perhaps on a online help screen (for example: www.radioshack.com/pro528-help.php)...... get the idea....?

BERYL GOSNEY
Senior Systems Analyst
 



Thursday, September 11, 2008

Two New Websites for U.S. Military Veterans and Real Estate Professionals

Please pass the word about (2) new websites designed exclusively for Real Estate Agents, Loan Officers, and Home inspectors and U.S. Military Veterans and their families:
 
1.  http://www.veteransmls.com

- this site is absolutely FREE to both U.S. Military Veterans and their families, as well as being FREE for use by Real Estate agents who work with veterans to buy and sell real estate.  The site has been online only a few weeks and is populating by word of mouth, so it will take a few months to get the word out.  The good news is, it has been attracting veterans worldwide slready, and from the reports we have, a couple dozen homes have sold due, to the exposure here on this site. 

RE Professionals can list up to 100 homes a year FREE on www.VeteransMLS.com - The site also provides FREE advertising to Veterans who are selling their own homes as a FSBO as well.  
 
2.  http://www.veteransrealestate-online.com

- this site is currently under construction and has an entirely new professional appearance than what you see there now.  We expect to launch this site in late September or early October 2008 --- we are finishing up the various functions of the site now.  It will be awesome -- just like the price. 

(http://www.veteransrealestate-online.com/comparisons.php)
 
- for the first 1,000 real estate professionals who join us, we have a special introductory offer for as little as $5 per year (reg $29 yr), whereas real estate professionals can be members of this exclusive veterans web site, which unites Veterans (on active duty, honorably discharged, or retired) and their families with Real Estate Professionals (Agents, loan officers, and home inspectors). 

For $5 per year, RE Professionals can be listed in our directory for up to 2 cities for the $5 price.  If you want to be listed in up to 10 cities, the total cost is only $9.  You will have a complete profile page that will surpass anything you have seen on Internet and it is provided FREE.  Veterans will be able to contact you directly to represent them and to home search.  The functions and the features on the site are more than you'd ever expect.   
 
Please pass the word --- help us help our Veterans! 
 
www.VeteransMLS.com (totally FREE)



Wednesday, September 10, 2008

Students not covered by many home insurance policies

Students living away from home are likely not to be covered by their family's home insurance policies, new research has revealed.

UCAS has revealed that a study by Sainsbury's home insurance showed 25% of home insurance policies do not cover students while they are away from home, leaving thousands of university students with unprotected possessions.

Sainsbury's home insurance manager, Neil Laird, advised families to check their insurance policy carefully: "Before splashing out on insurance, students should check their parents' household contents insurance policy to see if it provides cover whilst they're studying away from the family home."

He added that insurance is essential for students as they are prime targets for theft. With their flats or houses left unoccupied for long periods of time during the day, they are more likely to be victims of crime. "The average student will have possessions that would cost thousands of pounds to replace if they were burgled," he remarked.




Thursday, September 04, 2008

Should I sell or should I rent?

With large inventories of homes for sale, buyers seemingly have the upper hand.  Though there has been some good news lately in many markets throughout the country, such as rise in existing home sales, it has been balanced by record declines in median sales values, some areas ore than others.

This mixed news can make it tough for homeowners when they have to make a choice between selling a home and renting it out. There are quite a few questions you can ask yourself when making this choice.

The most basic question is: Will my income exceed my expenses?

This question can be much more complicated than it first appears, due to the following questions it raises in turn:

  • Do you have time and are you able and willing to manage a rental property, or should you hire a rental management company?
  • Are you aware of the tax implications that renting your home can have for you?
  • Can you ensure your rental property will have 100% occupancy?
  • What are expected repair and maintenance costs? Most experts believe you should set aside anywhere from 20 to 30 percent of the rent in reserve for such items.

If you have done the research and uncovered all the pitfalls, there are many advantages to being a landlord. You could potentially make a profit on your rental home while building equity at the expense of the renter. Waiting for prices to start to swing upwards in this market may be the single best source of equity gain you can have over the next several years.

Whatever you decide, make sure you take full advantage of resources and get feedback from multiple rental management companies and real estate agents. They will know best about either side (rental and sales) of the real estate market and help you make an informed and advantageous decision. As always — take full advantage of the internet and sites like eppraisal.com to help track local market conditions.

And BERYL SEZ:  Be cautious now more than ever about waiting to long to buy, while you wait for prices to dip $5-10,000, the interest rates could go up a point (1%) overnight, and then you'll find yourself having to make higher payments on a home that you hope will cost you less!  (psssst - this scenario has already happened to clients who refused to heed my warning)





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Market Values Continue Improvement

Good news is rare in today's real estate market, but for the third consecutive month, key figures from eppraisal.com show the number of markets experiencing an increase in single-family home median sales values is on the rise.

Of the 188 market areas tracked nationwide, 121 report an increase in home values during the three months ending in July 1, while just 61 markets — or 32.4 percent — recorded a decline.

This is the third Eppraisal Market Report to show more value increases than decreases since August 2007.

The Midwest continues to be the heart of recovery, with Ohio, Michigan, Pennsylvania, and Illinois commanding the majority of the double-digit value increases. Flint, Mich., shows the biggest improvement with a 41.2 percent increase to $60,000, while Lima, Ohio, continues its strong resurgence with another 38.5 percent increase to $90,000 from $86,500. And Niles-Benton Harbor, Mich., (23.2 percent) and Battle Creek, Mich., (22.8 percent) maintain their impressive recoveries; both markets' values increased more than 20 percent in the last two Eppraisal Market Reports, as well.

Danville, Ill., (23.4 percent) and Erie, Pa., (16.7 percent) were the top performing markets in their respective states.

Seemingly immune to even the slightest recovery, California has only three markets where values have improved, and the increases are slight: Chico (3.2 percent), Hanford-Corcoran (2.4 percent), and San Francisco-San Mateo (.7 percent). More than 89 percent of the Golden State's markets show a drop, including the still-plunging Modesto (-11 percent) and Merced (-15.8 percent).

The report, which is based on completed sales of single-family residences, shows median home values in the three months ending July along with the percent change from the three months ending in April.

How does your area rank?
See the complete Eppraisal National Market Analysis report.





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FHA Mortgage Activity --- Becoming the King of Loan!

29.1% of all mortgage applications in July, 2008 were for government-insured loans.
The government-insured share of mortgage applications has tripled since July 2007.
Conventional to FHA refinance applications have increased 317% since July, 2007.
Conventional to FHA refinance endorsements have increased 260.8% since July, 2007.
Applications for government-insured loans have increased 133.9% since July, 2007.
Applications for conventional loans have decreased 50.2% since July, 2007. 




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