Sell Now!: The End of the Housing Bubble

November 30, 2010

Sell Now!Home prices are seriously overvalued in many regions of the United States. The question is no longer if, but rather how far, home prices will fall and over what time frame this bubble will deflate. Home values have been escalating in real terms since 1981, the year nominal interest rates last peaked. And the greatest price increases in percentage terms have been in the wealthiest and most exclusive cities in the world.

Sell Now! analyses the evidence and offers clear explanations of these perplexing issues. Overly aggressive mortgage lenders have fueled this overheated market by extending too much credit to home buyers and by offering ever-more exotic forms of mortgages. Many home buyers have been caught in a never-ending race to achieve status, often overpaying for homes in the “right” neighborhoods. And people’s pursuit of easy profits has pushed prices to unsustainable levels.

Finally, there is a reasoned analysis that not only explains how home prices got this high, but why they are sure to fall and by what amount. Sell Now! debunks many theories that purport to show that home prices are either reasonable or are sustainable at their
current high levels.

How bad can it get? Unlike previous home-price declines, this cycle has the potential to be not only national, but international in scope. The national economy, so dependent on the housing, mortgage, real estate, banking, and construction industries for growth, is at risk and the entire banking system might come under fire.

You owe it to yourself to become better informed about the possible impact on you, your family and your most important asset—your home.

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Deed restrictions protect the value of your home

November 29, 2010

Last week I was visiting with a client when I noticed the neighbor had a beautiful collection of toilets adorning his or her driveway. These porcelain thrones appear to be in great condition and are very colorful. But why are they sitting out in the front yard like this? Had this been a deed restricted community these commodes would have been a violation and unacceptable, but because this is not a deed restricted subdivision the neighbors can only look on in frustration.

deed restrictions protect the value of your home

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Sell Your Home Fast in a Buyer’s Market: Secrets from an Expert Green Feng Shui Staging Designer

November 15, 2010

Sell Your Home FastIn 9 easy steps, Sell Your Home Fast in a Buyer’s Market: Secrets from an Expert Green Feng Shui Staging Designer reveals how to create a home that buyers desire and want to buy. The steps include what it takes to make the reader’s home look and feel great–tips that will sell the home. The book also provides information on selling the home for the best price. It is the first in its subject to address the hot new sought-after green home improvements and features to sell the buyer’s home fast.

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The risks of renting your house instead of selling

November 12, 2010

No, this not a reenactment. This is the real deal. I took these photos earlier today of a client’s duplex. His tenant abandoned the unit late at night about a week ago.

The scary thing is there is sufficient evidence to support the idea that this tenant was actually living in the property in this condition. Clearly, the water and power had been turned off for a long time at this address. Millions of maggots are pouring out of the refrigerator and flies are swarming. Everywhere you look there is food rotting on counters, in cabinets and all over the floor.

tenant trashes home

tenant trashes home

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Buying a Home: The Missing Manual

November 4, 2010

Buying a HomeHome ownership is a cornerstone of the American dream, but it’s a complex process that, without the right guidance, can seem like a nightmare. This Missing Manual takes you through the process of buying a home, from start to finish. Along the way, you’ll use the book’s expert advice and fill-in forms to identify the house you want, figure out what kind of neighborhood you want to live in, determine what a target home is really worth, make an offer, and close the deal. Throughout the process, this book helps you:

* Realistically determine how much house you can afford
* Assemble a real estate team that’s looking after your interests and not the seller’s
* Understand the different ways to finance your house, and which is best for you
* Create an attractive offer with the best chance of acceptance
* Learn what lenders look for so you can get your mortgage approved
* Inspect your new home to uncover potential problems
* Prepare all the right paperwork for a smooth closing

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Received a letter from an attorney saying you don’t really own your home?

November 3, 2010

If you’ve recently purchased a foreclosed home in Florida and have received a letter in the mail from an attorney telling you that you don’t really own the home due to errors made by the bank or law firm that handled the foreclosure RELAX. This is a ploy by an unethical attorney to get you to pay them money to not kick you out of your home. I’ll explain….

It has come to my attention that certain lawyers are sending out these letters “on behalf” of their clients, the previous owners, but more than likely the previous owner is not even aware that the letter has been mailed to you.

Here is an example of one such letter:

Dear So and So:

Kindly accept this correspondence on behalf of my client, Bob Smith. I know that you closed on a property located in Pasco County, Florida and you believe you own the property.

While it is true there is a big problem currently with thousands of foreclosed properties that problem doesn’t suddenly render your purchase of the property null and void. The government has not yet resolved the issue. More than likely the issue will be resolved without anyone being kicked out of the home they purchased. Worst case scenario the title company that issued the title insurance will have a claim against them by the previous owner. But there is no reason to believe anyone will get booted out of their newly purchased home.

However, due to errors made by the law firm that attempted to foreclose on the property immediately prior to your attempted purchase of the property, the Final Judgment of Foreclosure is Void Ab Initio and my client is still the true, correct and legal owner of the property.

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