While looking over the travel section of a local newspaper I was drawn to a headline “A stranger is sleeping on my nephews lawn”. Curious and eager to learn more I read the entire article. Renting out a room in your home or renting out your lawn as a camp site to a weary traveler …
Category Archives: Buying
The Rise of a Rentership Society
May 11, 2012 – 1:54 pm
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By SueT
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Posted in Buying, Investment Strategy, Rental Income, Trends
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Comments (0)
Using a Lease Option for Purchase
Basically with a lease purchase the buyer pays the seller option money for the right to purchase the property at a later date. The option money may be substantial and the amount is negotiable. The buyer and seller agree to a pre determined purchase price and monthly rental amount. A portion of the rent is …
April 12, 2012 – 9:00 am
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By SueT
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Posted in Buying, Investment Strategy, Top Questions
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Comments (0)
FHA Financing Issues
FHA just announced a new premium structure, and will be increasing its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount. Upfront premiums (UFMIP) will also increase by 0.75 percent. These premium changes will impact new loans insured by FHA beginning in April …
March 2, 2012 – 7:54 am
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By vern
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Posted in Buying, Investment Strategy, Lending, Top Questions
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Comments (0)
Real Estate Quiz
Do you think you have been keeping up with what’s been going on in real estate? How well do you know the Auburn area real estate market? The statistics that I used for the Auburn area real estate quiz are from November 2010 and November 2011. Here goes! Test your knowledge: 1. There were fewer …
December 29, 2011 – 7:39 am
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By SueT
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Posted in Buying, Investment Strategy, Selling, Trends
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Comments (1)
Handling of Deposits in a Short Sale
Everything is negotiable. Some agents want the deposit placed in an escrow account immediately. They believe that if the buyer is willing to do this, he is probably willing to hang in there for the long hall. If the buyer wants to walk before the short sale is approved, he must go through a cancellation …
When Can an Agent Sign a Counter Offer?
If the agent has a power of attorney to sign for the buyer the signature would have “attorney in fact” added to it. If that is not the case she/he probably doesn’t have power of attorney to sign on behalf of the buyer. If that, is in fact, the case, it is not a valid …
Bernanke Says No Change Now?
Bernanke’s saying that the Fed has no immediate plans to take action may give a window when investors will feel more confident. It may be a small window considering the volatility of the market and the continuing uncertainties. With so many real estate bargains available, it seems like a time for investors to step up …
Selling to a Relative via Short Sale
Unfortunately, what you see as a helping hand the lenders see as fraud. Lenders prohibit any one who is related to a borrower of a home that’s being sold in a short sale from buying it. That includes relatives and business associates. Realtors won’t get paid for a successful short sale if they are related …
August 25, 2011 – 12:04 pm
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By SueT
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Posted in Buying, Rental Income, Selling, Short Sale, Top Questions
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Comments (1)
Purchase with Unpermitted Improvements
Unpermitted rooms and structures are not uncommon. Homeowners don’t like having their property taxes go up. They know that every time they pull a permit the Tax Assessor’s office is notified and their property tax is increased. Some homeowners think that permits aren’t necessary as long as they are not adding to the footprint of …
History of the Southern California Building Boom
Those of my readers who were ever in the real estate industry or those of you who wonder how Southern California became the subdivision capital of the world, can enjoy a look back into the industries history in a recently published novel “Boom Builder” Boom Builder was written by Gold Country Medias former “Placer Pundit” …
