Home Buying

Real Estate Blogs: Buying

Key West Real Estate Market Report Issued By Local REALTOR® Sean Farrer

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KEY WEST, Fla. - Key West, Florida real estate agent Sean Farrer issued a real estate market report for the area based on recent sold statistics and trends he has observed in the market.

Farrer says that sales in 2012 are already starting off well.

"With our peak season already here, last month saw a total of 48 Key West real estate properties sold. Those were comprised of 25 single family homes, 22 condos, and a commercial property."



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2012 Orlando Real Estate Market To Be Active Says Orlando Florida Real Estate Firm

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Orlando, FL - While global financial markets continue to express uncertainty, one Florida real estate firm says the 2012 Orlando market is almost certain to be an active one.

Jonathan de Jesus of Dominium Realty Group specializes in Orlando real estate, and says that market in the upcoming year is bound to be busy for local agents.

"We are likely to see a steady flow of bank owned homes and Orlando foreclosures come on the market, and although that could continue to pressure prices for sellers, it will continue to present buying opportunities for buyers."

He says that Orlando short sales are likely to continue to be a popular way for sellers to get their home sold when they owe more than their house is worth. These will also provide good opportunities for buyers to get pre-foreclosure homes before they go offline to linger in bankers' files for months during the foreclosure process.



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Idaho Real Estate Agent Don Wixom Says Meridian Real Estate Maintains Low Vacancy Rates

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MERIDIAN, Ida. - Don Wixom, broker/owner of RE/MAX Advantage in Nampa, Idaho, says that Meridian market continues to maintain the lowest vacancy rates for pre-existing homes in the Treasure Valley. He says this is a testament to Meridian's strength as a place to buy, and is due to a number of factors affecting the Idaho real estate market.

Wixom says that some of the more popular subdivisions in many price ranges are in Meridian, making Meridian more attractive to a wider set of buyers.

"Meridian subdivisions tend to be newer than those in other parts of the Treasure Valley. Schools are great, and amenities like shopping and freeway access are great as well."

He says that the benefits Meridian has going for it mean buyers will pay a little more to live there, but property values have also been much more stable in Meridian than elsewhere.

"Meridian real estate offers a level of safety for home buyers that other areas don't always have, simply because it's more in demand."



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Key West Real Estate Agent Sean Farrer Launches New Property Search Website

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Key West, FL - Key West REALTOR® Sean Farrer of Coldwell Banker/Schmitt Real Estate Co. is launching a brand new property search website that is designed to help buyers find the kinds of properties they are looking for 30% faster than other sites.

It does this by providing quick links directly to various Key West real estate types, such as single family homes, waterfront property, condos, foreclosures, short sales, and more.

Farrer, who specializes in Old Town Key West, Key West, Key Haven and Stock Island, and the Lower Keys, says that the new site, located at http://key-west-real-estate.net, has an advanced but easy to use search engine to fine tune property searches in great detail.

"We're allowing buyers to search fields that used to only be accessible to agents through the MLS. Our philosophy is to provide our clients with as much information as possible to help them find the perfect property."

He says he has a wide variety of clients ranging from British and Australian buyers to seasonal residents from colder climates who are excited about the new tools available to search for Key West homes.

"One of the best time-saving tools on the site is the property alert system to notify buyers when listings come on the market that match their criteria."

He says that if you're searching for Key West condos and a new listing hits the MLS, you'll be notified by email so you'll have a better chance at getting to properties before others even know they are on the market.

"We're encouraging potential Key West home buyers to sign up for a free account so they can test drive the site and get notified of new listings."

About Sean Farrer

Sean Farrer is a Key West real estate agent specializing in Old Town Key West, Key West, Key Haven and Stock Island, and the Lower Keys, including Big Coppitt Key, Bay Point, Sugarloaf Key, Cudjoe Key, Ramrod Key, Summerland Key, Little Torch Key, and Big Pine Key. He is with Coldwell Banker/Schmitt Real Estate Co.

Sean Farrer, REALTOR®
Coldwell Banker/Schmitt Real Estate Co.
1201 #101 White St
Key West, FL 33040
http://key-west-real-estate.net/
keysrealestate@bellsouth.net
305-924-0700

More Information:

http://www.facebook.com/profile.php?id=576525947
http://twitter.com/KeyWestRealty1
http://www.linkedin.com/pub/sean-farrer-p-a/15/a19/a31



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REALTOR® Offers Tips For Buyers To Close Fast on Bank Owned Portland Real Estate

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Portland, OR - Portland REALTOR® David Somerville has published a list of Tips For Buyers To Close Fast on Bank Owned Portland Real Estate. He says that while many agents don't take the time to educate their clients, following a few simple guidelines leads to a much more satisfying buying experience.

In a market that sees a lot of Portland real estate transactions needlessly falling out of escrow, Somerville says that it is possible to not only close on time, but early, if a few simple steps are taken in advance.

"Number one on the list of ways to ensure a fast closing is to make an all cash offer. Of course, not everyone can do that, so I've put together some tips that many buyers will be able to take advantage of to expedite their closing."

The tips include:

 

  1. Make an all cash offer
  2. Sell your current home before making an offer on another one
  3. Get preapproved with a mortgage broker, not just prequalified
  4. If possible, get your loan from the bank that is selling the property
  5. Tighten inspection timelines to 3 business days instead of the standard 10
  6. Have mortgage broker order appraisal 2 business days after offer acceptance
  7. Have certified funds to escrow prior to signing closing documents
  8. Don't make any last minute credit purchases

 

For more detailed information on these tips, go to http://bit.ly/ojjgqb. For Portland real estate listings including The Pearls and other Portland neighborhoods, go to http://www.maxwellsinclair.com.

For more information, please contact:

David Somerville
Prudential Northwest Properties
5 Centerpointe Dr. Suite 150
Lake Oswego, OR 97035
503-789-7633
http://www.maxwellsinclair.com



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Low Mortgage Interest Rates Leads To Buying Opportunities For Orlando Homes

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Orlando, FL - With interest rates at record lows not seen in a lifetime, real estate agent Jonathan de Jesus in Orlando is suggesting that the time may be ripe for buyers to take advantage of the interest rates being served up by the economy.

De Jesus says that the average interest rate for a 30 year mortgage on Orlando real estate recently dipped to 4.09%, with the average rate for 15 year mortgages getting as low as 3.3%.

"Record low interest rates likes these mean that money is extremely cheap to borrow right now, which is good news for home buyers. Whether you're looking in Orlando, or perhaps for deals on Lake Mary homes, the timing may be perfect to get a low cost loan."



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Continued Excess Supply of Orlando Real Estate Listings Provides Buyers With Low Prices

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Orlando, Fla. - According to Orlando REALTOR® Jonathan de Jesus, the high inventory of real estate listings in the Orlando area means buyers can count on continued bargains for the near future.

How long the bargain-basement prices on Orlando real estate will last is debatable, according to de Jesus, who says that it depends on factors like the overall health of the U.S. economy and future mortgage legislation changes.

"Everyone is looking for bargains, from the first time home buyer to the real estate investor, and the market is providing great opportunities for both. The excess inventory has not only served to lower the entry barrier for buyers, but given them more properties to choose from as well."



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Treasure Valley Realtor Says More Pastors Achieving Home Ownership Due to Lower Prices

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Meridian, ID – For pastors, lower prices for real estate have been truly a blessing, allowing some to buy a home for the first time, according to Idaho real estate agent John Espinosa.

Espinosa, who comes from a family deeply involved in Christian ministry, says that the economic downturn has hurt a lot of charitable organizations, to be sure. But he says that ministers who have a steady income, however sparse, can often afford to buy a home now, whereas before they couldn't.

"In the past, incomes were an issue, of course; everyone knows your average pastor doesn't make a lot of money. The biggest problem in the way of home ownership, however, was high real estate prices, and now that they've come down a bit, we're seeing more pastors able to afford to buy a home."



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Newport News Real Estate Agent Launches Site to Provide More Accurate York County Home Search

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Newport News, VA - Newport News REALTOR® Erin Melton launched a new local website that she says provides much more accurate York County VA real estate searches than the big national real estate websites. While several big real estate website brands get the most attention initially from prospective home buyers, Melton says they quickly find out that the information is less than timely.

"Over and over, clients come to me with a list of properties from one of the big name websites, and more often than not, the listing is stale. Someone else got to it first."

She says the best way to get fresh listings for York County homes, whether that's Newport News real estate or Yorktown VA waterfront homes, is to use a local website like http://tidehomes.com that gets its data directly from the MLS.



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How Soon Might Buyers Own A House Again After Doing A Short Sale?

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There used to be an era when nobody had heard of the term "short sale," not to mention experienced one firsthand. Currently, with the housing market softness dragging on for years, and the economy remaining sluggish, it's practically a household term.

Time has marched on, and thousands of families have sold their home by doing a short sale. Consequently, people often want to know how quickly they can buy again.

There is quite a lot of misinformation and misconceptions about the effects of selling your residence with a short sale, but the answer basically is very simple: You can acquire a residence again generally a couple of years after short selling your previous property. Scenarios vary, and there isn't a hard and fast rule, but it is possible to do it.

To help you have the best chance of buying a home again after two years have passed from your short sale, you need to follow some very simple tips to getting your credit back in shape.

First, make sure your credit history says the home finance loan on your residence was "Satisfied." Formally, it was, even if they took less than the amount borrowed, because they agreed to it. They could have rejected the sale and taken ownership of the home.

Second, ensure you make all payments before its due without exception. No matter which credit cards you might have, pay them conscientiously (then pay them off ASAP!).

Third, you should make sure your debt to credit limit ratio on any individual credit line, and on all credit lines combined, is beneath 50%. This suggests you are a good credit risk and do not take on too much debt.

Fourth, continue to keep at least three trade lines of credit. A trade line is a kind of credit, like a car payment vs. a credit card vs. a cell phone. Mobile phone accounts are viable trade lines, as are education loans, and any unsecured debt. You should demonstrate a balance between opening and managing credit accounts and paying them down so you don't get loaded down with debt.

And fifth, check your fico score a long time before you make an application for a house loan to find any errors and get them fixed. You do not need to use highly-priced "credit repair" services. Simply get your finances in order and keep them that way and your credit history will mirror your credit worthiness.

The author specializes in topics such as Orlando real estateMarco Island real estate, and other real estate topics. He publishes a free e-zine on real estate marketing tips to help small business clients succeed.



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