Flat Fee MLS Blog » foreclosures

College Students Swap Dorm Life for Suburban Mansions

tommi — Mon, 19 Dec 2011 17:37:38 +0000

When the real estate bubble burst in 2007, I predicted that we would likely see large, single family, suburban mansions carved up and repurposed into multi-family housing. Well, time and a prolonged recession have proven the idea viable.

The USA went through the same type of evolution, in reverse, with intercity housing. Vacant, large urban, single family mansions where carved up into apartments, efficiencies and co-ops, after the mass exodus to the suburbs in the 1950’s. Now, its the McMansions, gated communities and long commutes that are out of vogue.

Families are returning back to life in the inner city. They are buying multi-family homes and converting them back into single family residences. The concept of highest and best use…has come full circle.

Check out this short video to see the latest change in student housing in decades. A bad housing market has created some luxury digs for college co-eds out in the ‘burbs”.

College students renting suburban McMansions

Thank you for visiting Why 6 Percent. We offer flat fee MLS and Realtor.com packages to builders, homeowners and anyone who needs to keep more money from their property sell. We have helped thousands of homeowners sell their homes. We can help you, too.

Banks Bulldoze Houses To Cut Taxes and Fee’s

tommi — Tue, 02 Aug 2011 18:40:11 +0000

Getting rid of repossesed homes is the biggest headache for US lenders. 1,679,125 homes ( 1 in every 77) are in some stage of foreclosure as of June. Lenders feel that no one will buy many of these homes and they”re trying to cut their losses. Bulldozing the problem away means the banks won’t owe property taxes to our floundering cities and it won’t have to pay for repairs, maintenance and upkeep on the property. In addition, there are some perks for giving away a house. The banks get a bunch of tax write-offs and best case… they may even get a pat on the back and some nice PR, too.

The idea of Bulldozing houses is nothing new. Although the banks are not blowing up homes for alturistic reasons…I think we can all agree that removing home inventory is good for all of us. In 2010, Warren Buffet advised that ”blow up a lot of houses” was a viable option and similar to ‘cash for clunkers’ auto program. I always thought bulldozing abandoned homes and returning the land to a raw state was a smarter solution than handing out money in the form of a homebuyer tax credit. The tax credit cost billions of dollars, put money into the hands of a few people blessed with good timing and did little to reduce inventory.

Bankers, why not take the “TNT” strategy one step further. Donate unwanted houses to local non-profits vs blowing them up? Make a call to Habitat for Humanity, for example? I can’t understand why Habitat is still building new homes, when we can’t get rid of the ones that are causing problems in our neighborhoods. Habitat needs to change their business model with the times and so do our lenders. Families, who are in dire need now, wait up to 6+ months for a new home to be built and the cost of building from scratch far exceeds the costs of rehabbing properties, in most cases.

Just my two cents….

Thank you for visiting Why6Percent.com. We offer a low, flat fee MLS program for owners, builders and for people who need to hold onto as much of their money as possible. If you aren’t familiar with advertising your home on the MLS or Realtor.com, please visit our website and review the FAQ. Our marketing packages reach millions of home buyers each day.

InfoTube.net is FREE home selling website. Visit our site for free legal forms, home searches, home listings, marketing tools, advise and support! We are a 100% Made in the USA company.

What the Real Estate Market looks like in 2012

tommi — Tue, 19 Jul 2011 18:08:35 +0000

Would you like to see what the housing market has in store for 2012? If so, take a moment to watch this video.

Housing Market 2012

Remember that in spite of the doom and gloom…10,000 sets of keys are handed to new homeowners every single day!!

Thank you for visiting Why6Percent.com…we offer FREE marketing website for owners, builders and agents. In addition, our MLS and Realtor.com packages can give you all the exposure of a full service listing…without the cost.

Remember that… Who you buy From is as important as What you Buy! Look for Made in the USA products and support US workers!!

7 Tips to Sell Your Home this Weekend

tommi — Thu, 21 Apr 2011 19:59:47 +0000

In today’s’ super-competitive housing market, it is essential that homebuyers picture themselves living inside the home you are trying to sell.

7 Home Selling Tips from the Lips of Top Selling Agents

For starters, take down the Wallpaper – Trust me when I say, “Buyers just do not like wallpaper.” If you doubt how personal wallpaper is…just walk into any wallpaper store and stare at the thousands of available patterns. Chances of your tastes matching are at least a thousand to one. Don’t risk it! Pull that paper down!
The Clutter HAS to Go! Living in a house is alot different than Selling a house. It is easy to get blind to your own clutter. Ask a friend, neighbor or neutral party to be honest with you. Then, pack away every single thing you don’t use. And, clear the kitchen counters completely.
Smelly Homes Will NOT Sell. Agents have an old saying, “If I can smell it, I can’t sell it.” Pet smells, musty odor’s, etc will kill a sale everytime.
White is not a Color. But, paint is your friend. Every room should have a fresh coat of paint in a warm, neutral color.
A Spot of Color. Everyone loves flowers. Place pots with colorful annual flowers by the front door or plant seasonal color in the beds to make your home inviting and memorable.
Househunting Begins on the Internet. If your property is not exposed on the internet, your chances of a buyer finding you are very small. Tip the odds in your favor by advertising your home on the MLS and all the major search engines for real estate. InfoTube also offers FREE property listings on its website. Also, make sure your listing includes at least 10 good photo’s of the interior and exterior of your home. If possible, also include a video tour of the house and neighborhood.
Forget About Comp’s and Sold Properties. Study your competition, which means homes currently For Sale. If your home is priced too high when compared to your competition, it is going to sit for a long, long time.

Homeowners should please keep in mind that Buyers have a lot of choices. The homeowner who can make their house stand out among the vast inventory of “For Sale” signs will the one who wins the selling game.

Thank you for visiting Why6Percent.com,, your do-it-yourself home selling source. We can bring buyer’s to your door. Check out our website to see how we’ve helped thousands of home sellers.

Latest Existing Home Sales Chart for Your Area

tommi — Wed, 23 Feb 2011 21:38:40 +0000

Sales of existing homes increased 2.7 percent in January 2011. Prices were down slightly because distressed properties made up 37 percent of all sales. It’s good news that we are working through some of the excess inventory.

Check out the chart below to see how your town or area fared.

Single-family existing-home sales and prices

Metropolitan statistical area	Median price Jan. 2010	Median price Jan. 2011	Annual change in price	Annual change in sales
Atlanta	105,100	106,900	1.7%	-6.3%
Baltimore	230,000	218,300	-5.1%	27.0%
Boston	343,700	334,400	-2.7%	7.2%
Cincinnati	113,900	110,500	-3.0%	5.9%
Dallas-Fort Worth	131,600	141,500	7.5%	-7.7%
Houston	144,600	139,000	-3.9%	10.1%
Indianapolis	103,500	110,700	7.0%	-3.1%
Kansas City	122,200	117,500	-3.8%	1.3%
Miami-Ft. Lauderdale	203,000	165,800	-18.3%	32.9%
Minneapolis-St. Paul	157,000	140,000	-10.8%	10.4%
New Orleans	152,900	143,200	-6.3%	23.2%
New York-Northern New Jersey-Long Island	384,600	381,200	-0.9%	-5.0%
Philadelphia	207,700	208,500	0.4%	-2.4%
Phoenix	137,900	126,900	-8.0%	12.3%
Portland	240,000	215,400	-10.3%	2.8%
San Antonio	n/a	n/a	n/a	n/a
San Diego	366,800	370,100	0.9%	-1.1%
St. Louis	100,000	105,300	5.3%	3.1%
Washington, DC	285,600	292,600	2.5%	-5.5%
U.S.	163,800	159,400	-2.7%	3.3%

Source: National Association of Realtors

Thank you for visiting Why6Percent.com. We offer flat fee MLS listings, Realtor.com listings, and Free Classified Home Listings. Spring is around the corner and we will help you get noticed!

Is the Media too Negative on Real Estate?

tommi — Mon, 06 Dec 2010 19:21:41 +0000

The Boston Globe reports that “From rising foreclosure rates to dismal post-tax credit reports, media headlines continue to be centered around the negativity in today’s market. Real estate leaders, however, know that this is only one part of the story – that there are plenty of positive stories to share as well.”

To read the article about the media and real estate CLICK HERE.

Thank you for visiting Why6Percent.com. We can place your property listing on the MLS and Realtor.com..saving you thousands of dollars! Visit our site to learn more.

The Next Real Estate Boom

tommi — Wed, 27 Oct 2010 18:02:24 +0000

Where will the next real estate boom happen? According to research conducted by Patrick Doherty, of the New America foundation, it will likely be right in your home town.

Click here to See how Your Home Will Fare in the Next Boom

Thank you for visting Why6Percent.com We have a complete solution for home sales. Visit the website and learn what we can do for you.

Foreclosure Moratorium Erases Competition for Home Seller’s and Builder’s

tommi — Fri, 15 Oct 2010 16:40:59 +0000

While Wall Street wrings its hands and pulls its hair over the banking problems and foreclosure moratorium, home seller’s and home builder’s have a BIG reason to celebrate. Their competition dropped the ball!!!

The moratorium on foreclosures effectively removes ONE THIRD of all the homes For Sale from the market!! 33 Percent of the competition is GONE!!! For how long, we don’t know…but, we do know that this is a RARE opportunity and all property seller’s should take full advantage of it.

What can home seller’s and builder”s do to take advantage of the Bank Error?

Realize that Time is of the Essense! The banks will work hard and fast to get their inventory back on the market. And, when they do, they will no doubt offer special incentives that individual seller’s can not compete against. The clock is ticking…….
Price Right and Show Well! If your home is priced right against its remaining competition, and it is staged, depersonalized and shows well, Your House Will Sell.
Marketing to the Masses is Key! The MLS sells over 90% of all the homes in the United States. If your home is not on the MLS, your chances of selling are less than 10%. If money is tight, know that you don’t have to pay 6% for an MLS listing. You can purchase an MLS listing for your Home for only $399.

Why6Percent.com believes that “a bank moratorium on foreclosure competition” is a very unique opportunity and the window is open for a short period of time, only. We are here to help you . “The clock is ticking”. Don’t let this unbelievable opportunity pass you by!!

Up to a Million Homeowners Win in Foreclosure Lottery

tommi — Mon, 04 Oct 2010 18:39:26 +0000

An estimated one million U.S. homeowners, behind in their mortgage payments, are breathing easier today after three of the country’s largest banks agreed to immediately stop new foreclosure actions until they could review sloppily-read foreclosure filing by their own staffs.

The lenders are Bank of America, JP Morgan Chase and GMAC Mortgage Co. owned by Ally Financial Inc. They are temporarily halting foreclosure actions in 23 states.

They are Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont and Wisconsin.

For the homeowners, the action by the banks gives them a little more time to catch up on their delinquent mortgage payments.

For the residential real estate market, the action means fewer houses will be dumped in the for-sale arena, giving falling prices a chance to stabilize.

For the real estate market as a whole, the banks’ actions give the industry another black eye at a time when it is struggling to regain the public’s confidence.
(This article posted by Alex Finklestein

Thank you for visiting Why6Percent.com. We are always available to assist you with your home sale. Visit our website for an overview of available options.

South Florida Condo’s Selling Like Hotcakes…Again

tommi — Wed, 01 Sep 2010 17:51:08 +0000

The recently signed Distressed Condominium Relief Act of Florida has Wall Street and bulk investors diving into the Florida condo market.

Florida implented the act on July 1st and the result has been overwhelmingly successful, so far. Wall Street firms are lining up to compete for Florida Condo’s.

CLICK HERE TO READ THE REST OF THE ARTICLE

Why6Percent.com is thrilled for Florida homeowners, builders and developers. If you are selling a home or condo, please check out our affordable Realtor.com and local MLS listing packages. You will be glad you did!!!