Flat Fee MLS Blog

Why 6 Percent, would like to thank all Veterans for their service and the daily protection they provide to all Americans.  

In honor of Veteran’s Day, we would like to pass along some information about housing assistance programs and financial aid that are available to our Vet’s.  These programs serve over 400,000 homeless veteran’s in the U.S.

Housing vouchers are available to Veteran’s through the Veterans Affairs Supportive Housing Program and HUD.   The program provides subsidies for housing, rent and utilities, making it a lifeline for thousand’s of servicemen and their families. 

Another website for veteran’s needing assistance is the Department of Veterans Affairs.  The programs offered here range the gambit from per diem assistance, health care, VA supported housing, to distribution of excess property such as hats, coats. shoes, sleeping bags and other necessity items.

Why 6 Percent would like to salute all the men and women who have served us so proudly through the years.   Thank you for all you have done.

What are the Average Number of Days a Home is on the Market in Your Town or City?   Just released numbers for October 2008 are below. 
CITY                   DOM

OAKLAND, CA 113
NEW ORLEANS, LA 157
DALLAS, TX 165
CINCINNATI, OH 192
CHARLOTTE, NC 70
HOLLYWOOD, CA 80
PHILADELPHIA, PA 76
LOS ANGELES, CA 84
PHOENIX, AZ 155
HOUSTON, TX 83
CHICAGO, IL 162
SAN DIEGO, CA 65
SAN JOSE, CA 92
DETROIT, MI 175
JACKSONVILLE, FL 197
MEMPHIS, TN 110
BALTIMORE, MD 115
BOSTON, MA 64
SEATTLE, WA 76
WASHINGTON DC 74
LAS VEGAS, NV 97
PORTLAND, ME 64
LOUISVILLE, KY 85
ATLANTA, GA 127
ALBUQUERQUE, NM 32  72
FRESNO, CA 111
NORFOLK/VA BEACH, VA 35
ASHEVILLE, NC 142
BELLEVUE, WA 123
VENTURA, CA 20
LAKE KEOWEE, SC 186
PORTLAND, ME 72
PANAMA CITY, FL 206
PHILADELPHIA, PA 102
LOUISA CO., VA 124
BULLHEAD CITY, AZ 126
WOODLANDS, TX 80
ASHLAND, MA 109
AUSTIN, TX 68
TWIN CITIES, MN 104
DES MOINES, IA 99
ST LOUIS, MO 102
NEW YORK CITY, NY 198
LOWER EAST SIDE 175
UPPER WEST SIDE 146
UPPER EAST SIDE 175
WEST VILLAGE 250

Are you patient or unrealistic?  If your home has been on the market for a lot longer than the average, is it your price, location, or market program?

Home Seller Tip:  Boost buyer traffic to your home for sale listing by 8 million shoppers a month with an MLS listing.   

Freebie of the Day:  Increase your odds of finding that buyer for FREE with a home for sale listing on InfoTube.net.   What’s the risk?  You have to lose but time and money?

A customer writes, “is now the right time to refinance my home loan?”  

Watch the Short One Minute Video  to find the Answer.

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                                                                                           According to expert Barry Ritholtz, author of the forthcoming book, “Bailout Nation,” today’s news shouldn’t directly impact anyone who has a mortgage and is paying it on time. But if you are unable to pay your mortgage or are looking to refinance your mortgage, the most recent developments in the credit crisis could have repercussions.

If you are facing foreclosure banks are likely to be much more open to discussing a way to avert foreclosure than they were even a few months ago-because banks are already dealing with a glut of foreclosed homes.

People who are looking to refinance or access a new loan may find that stricter lending requirements make it more difficult or maybe impossible, even though mortgage rates are very low.

Experts do expect more banks to fail as the current credit crisis continues to pay out, although they think most banks will stay solvent. And as the saying goes, time will tell.

In the event of a disaster, it pays to take a few simple steps to ensure that your money is safe. When you are marketing your home on the MLS or FSBO, this is good info for buyers and sellers.

Here are a couple of tips for you:

1. Make sure that your money is with an institution that is FDIC-insured-this means that the government will back your account if the bank fails.

2. FDIC will cover you up to $100, 000. per individual account, or $200,000. per joint account. So make sure that your accounts at each of your banks fall below that limit.

3. If you have large cash holdings, it makes sense to stash your cash in several banks.

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