Posts Tagged ‘Buy a home’
Is it Cheaper to Buy or Rent in Your Town?
Is it Cheaper to Rent or Buy in Your Town or City? Take a look at a couple of fun and easy tools that make calculating the cost of ownership vs the cost of renting a snap.
The Rule of 15: Here is how the Rule of 15 works for real estate investors:
- Determine the rental rates for the area you are interested in. Rental rates can be found at Zillow, Trulia or a new fun website Rentometer.
- Calculate how much you would pay in rent for one year. (Example: $1000/month x 12 = $12,000/yr)
- Multiple the annual rent by 15. (In our example, $12,000/year x 15 = $180,000.
- Look up and compare the asking prices of comparable properties in the same area.
- If the sales prices in the area are higher than the annual rent times 15, the location is still over priced for the market and prices will continue to fall. In other words, keep renting and banking cash.
- If the sales prices of homes in the area are lower than your annual rent times 15, the market has probably gone through most of the bust cycle and if may be safe to step in and buy.
Rentometer.com is a very handy tool for anyone looking for a new place to rent or investors searching for the best place to buy a piece of rental property.
The website is simple and easy to use. Simply, type in a zipcode, add the number of bedrooms you are interested in, and, with one click, Rentometer comes to life with a map display and property links for all the rental options and rates in your selected area.
This site is a great example of why map mashups are so popular. It is one of the most useful rental sites on the web I’ve seen and it is a lot of fun to use.
Thank you for visiting Why6Percent.com. We are here to assist you in getting your property exposed to the largest number of qualified buyers. Visit the site or call 1-800-381-9496 to see what’s available in your area.
Home Sellers – Up Your Odds
April has been a very strong month for home sales across all area’s and price ranges. Congratulations to dozens of our MLS and Realtor.com customers , who have received strong offers on their houses this month. Great job and good luck to each of you, as you move on to your new lives.
In order to help other customers, we looked into why some sellers were successful and some were not. We found that successful home sellers had 2 things in common. Thankfully, we were thrilled to find that the common denominator was not being the cheapest priced home in the neighborhood. This year, the homes that sold for near or at the asking price were properties that were in excellant condition and staged to sell. Every single one of them!!!
“Up the Odds” of selling your home by accepting two truths about this market… and then take action.
- First Truth: The market for homes that are in poor condition or need repairs is DEAD. The huge demand is for the homes that are immaculate and ”move in” ready.
- Second Truth: The homes that were sold this spring Showed Well. Many had lingered on the market for months on end. The owners recently neutralized, depersonalized, cleaned, decluttered and staged them. Not surprisingly, every single one of these homes Sold. There is no need for debating this issue…depersonalizing and decluttering sells homes.
Why6Percent.com recommends that home seller’s chant “this is no longer my home” at least 3 times a day. Neutralize, clean, declutter and pack up. Look at the property through the eye’s of the buyer. It’s the only way to Tip the Odds in Your Favor…We Promise!
Neighbor’s Eyesore Home Stops a Sale
The appearance of nearby and neighboring homes absolutely affects a homeowners’ abililty to sell their property. Even if your home is the gem and pride of the neighborhood, buyers will be turned off if you live next door to an eyesore.
Problems with neglected, abandoned property and homes that have fallen into disrepair has escalated since the economic meltdown.
Why 6 recommends that sellers take action by placing a friendly call to the homeowner, explain they are trying to sell their home and ask them clean up their property. Or, if it’s appropriate, a seller can offer to clean up unsightly messes themselves. If a phone call fails to resolve the concern, contact local code enforcement officials or homeowners associations to find out if there is a code violation. If so, file a compliant.
A shabby run down home devalues every home near it. It’s your neighborhood. Step Up!!
Thank you for visiting Why6Percent.com. Place a Property listing on your local MLS, Realtor.com and all major real estate sites for $399…why pay 6 percent????
10 Towns for Real Estate Steals and Deals
It’s our job at Why6Percent.com to have our finger on the pulse of real estate from coast-to-coast. Recently, we have been telling you to get ready for a big home selling season this spring.
Why? Interest rates are rising. Job losses have slowed to a trickle. Factory and Industrial output is up for the first time in years. And, we feel that the Fed is holding back information, for now, on the job creation that is happening as we speak.
So, where are the best real estate deals in the country?? We have identified 10 cities that are offering up Trump-type deals of a lifetime. CLICK HERE to see where the action will start first.
If you haven’t placed your property listing on the MLS, Realtor.com, Zillow, Google, MSN, Military.com and all the other major real estate websites…you are missing buyers. Go to the Why6Percent.com website and sign up NOW!!Don’t wait a minute longer. Tax Credits, Rising Rates and Gutted Home Prices are creating a stir among buyers early this spring. You snooze…you lose… And, we certainly don’t want that.
Share Your Property Information and Idea’s
InfoTube.net announced some recent updates to it’s website that make it easier for homeowners to share information and property details on the internet.
Share Your Property Information with One Click
InfoTube.net has provided a direct “Share” link on every home listing. The “Share” link automatically feeds your property listing to all major sharing websites such as Facebook, Twitter, MySpace, etc. If you use social networking or RSS feed websites, simply select where you want your property listing posted and click. It’s that easy. (The Share Link can be located under the “Email Seller” link on every home listing.)
Sellers and Buyers Communicate, Learn and Get Advise
InfoTube.net for Real Estate has an Offical Facebook and Twitter page where you can post pictures, questions, idea’s or funny real estate stuff you want to share. Become a Fan and Contributor Today.
Thank you for visiting Why6Percent.com!! If you haven’t placed a FREE property listing on InfoTube.net, please do so Today. Without InfoTube.net you miss buyers, exposure and the free assistance that is available to you. InfoTube.net, combined with the MLS, provides a one-two punch for a knock out home sale!!!
Fannie Mae offers Cash Rebate to Buyers
Close on a home listed on Homepath.com before May 1st and Fannie Mae will give pay up to 3.5 percent for your closing costs or new appliances!!