Monday, March 30, 2009

Reat Estate Auctions Good or Bad

After seeing several real estate auctions I have to say I don't like them.
If you have ever heard an auctioneer all you hear is x amount of dollars do I hear more.
If anyone out there can understand a word they are saying you are amazing. It is a lot of noise to me.
Buying a home through an auction you don't really know what your buying. You don't know the condition of the property you may want to buy. You don't get a chance to see the condition of the property before hand. Buyer beware. The only people that do well in an auction is the company running the auction.

There are so many homes at below market value that you can inspect
before hand, and get at a great price, why would you not take the time to go out and see and inspect all the homes you maybe interested in.
All the listings I do today is "Sold As Is Right To Inspect." This means you have the right to have this property inspected buy a licensed inspection company and if the inspection has major problems, you can get out of the deal. Or you an negotiate any cost that maybe involved.

My recommendation is to get a realtor to show you property.
Good house hunting. Delray Beach Real Estate
If I can help give me a call 561-445-4712
http://www.delraybeachprimeproperties.com/

Joe



Monday, March 23, 2009

News Flash********Homes Sales Up********

February existing home sales where up 5.1% .

According to National Realtors Association February existing home sales rose
5.1% .

50% of sales where from first time home buyers. They are taking
advantage of the $8,000, first time home buyer tax credit.

50% of home sales where from forclosure and short sales.

I know through every day conversation with people, I tell them I am in real estate
and the negative comes out of there month. The real estate market is so bad.
I will not buy into that negative thinking. I know better. They only know the
garbage they hear on the news. All those experts.

There are a ton of people out there in all parts of this great country we live in,
who are buying new homes, today, right now. I applaud these Americans for
taking that step into a better future for themselves and there families,
and buying there new homes and for some I am sure it could be their dream home.

Once again as I have been saying now is a great time to buy real estate.
Now is the time to buy Delray Beach Real Estate. It is a buyers market.

Great buys can be preforclosure and short sale homes.
If I can help anyone in the purchase of a new home, feel free to call me
or e-mail me anytime
http://www.delraybeachprimeproperties.com

Monday, March 16, 2009

Build Your Feature

If you are buying a new home at this point and time in your life, you can look at it
this way.
You are investing in your future. Home prices are low right now, mortgage rates
are low and as said before, its a buyers market and now is the best time to buy a new
home. Home prices and values will go up.
More than 80% of future home owners search the web first, even before they contact
a real estate agent.
Something I would recommend. Take your time and search the area you want to live
in. Look at homes in your price range. Number of bedrooms/ bathrooms you want. Check
out the neighborhood, schools. What is important to you. Ocean views, golf, boating,
life style.

Once you find what your are looking for and find a Real Estate Agent you are comfortable
with tell them what you have found and would like to see.
Limit yourself to a few homes, seeing 50 homes will only make you confused and the
process will take longer than it should. And it will take make it harder to make a dession.

I have recommended to some of my clients if they need a mortgage to use a bank.
Even though I am down on some of the banks, I feel they are the safest bet. Use a small
bank rather than a large bank who is having problems.

Stay away from adjustable rate, or option arm loans. The best loan is a fixed rate
mortgage. Negotiate with the lender, you may save yourself excessive closing cost.
Keep in mind you will probibly need 20% down and very good credit.
It is best get pre approved, get a letter from your bank.

Once you find the home of your dreams and close or in some parts of the country they
call it pass papers. Plan on making 1 extra payment a year on your mortgage.
So instead of paying 12 payments a year you are making 13 payments.

Example; First when making that extra payment, on the memo line put PRINCIPLE ONLY.
this way the bank will not think its just an extra payment. What is the reason for making this
extra payment you ask? On a 30 year mortgage you will save $$$ thousand of dollars over the
life of the loan and it will actually shorten the life of the loan by 6 to 8 years.

Remember this, Your home will raise in value but your mortgage rate will not.

So if your coming to South Florida or if you currently live in Florida and are looking for a new home, give me a call it will be my pleasure to help you find your dream home.

http://www.delraybeachprimeproperties.com
Delray Beach Real Estate
See you soon

Joe

Sunday, March 15, 2009

Added thought

I don't want to minimize the fact Americans have lost there homes and jobs, and the fact
people can't find good work.
But know this fact, we are the United States of America. in spite of what the media and
some politicians say,
we are and will always be the strongest nation in the world. What is going on right
now in our country and make no mistake about this, we will survive and be better than ever.
We are the United States of America.

http://www.delraybeachprimeproperties.com/
Delray Beach Florida Real Estate Boca Raton and Highland Beach Real Estate

Delray Beach Real Estate

If you listen to all the bad news this beautiful country of ours is having, I am sure most
people are going crazy. Markets are down, unemployment is at 8%, and the real estate
market in so bad you will never own a home again.

I am here to tell you don't buy into all that junk. I could use other words but I will be nice.
I am here to tell you the real estate market in alive and well in Delray Beach and in other parts of the USA as well.
Many people are buying. Why you ask. I am going to tell you.
Home prices are down, way down. And this week mortgage rates where at a 5.2%
Now is the best time to buy a first or second home. Home prices have not been this
low in years. This is a real buyers market.

I know many people have lost there homes for different reasons. And here is where I get
into politics. Yes there where many investors that jumped on the real estate band wagon,
brought about by mortgage companies, banks and developers who bought up acres and acres of land, build towers of condos, and single family homes like there was no tomorrow. Raking in big profits while they kept raising prices with each new development. Then the bubble busted.
Something that the media kept hammering.
Home owners where talked into getting adjustable rate mortgages. Mortgages rates went up and homeowners now found out what an adjustable rate mortgage means. It gos up.
Honest people got screwed. I have heard people say even some congressmen, they should have read the loan papers. Trust me nobody dose. For the first time in many peoples lives they could buy a home. Why would you not want the American dream for themselves.
If they did read the loan papers, most people would not understand what they are reading.
And I personally feel these people, some of which have lost there homes
would still be in there homes if the rates did not go up. I don't believe for a minute when someone buys a new home there intention is not to pay there mortgage, as I heard a congressman recently say.

The bottom line is don't buy into the constant negative of the media.
It's a great time top buy your new dream home. The price is right.
So if you have any questions about Delray Beach Real Estate, Highland Beach, Boca Raton real estate
check out my website. http://www.delraybeachrealestate.com/
Delray Baech, Boca Raton and Highland Beach Rael Estats
And give me a call.

Until next time, have a great day