Posts Tagged ‘Real Estate News’
South Florida Condo’s Selling Like Hotcakes…Again
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!!!
Housing Market Rankings Just Released
Thank you for visiting Why6Percent.com….your home selling solution. We are happy to report that most cities in California are showing a lot of improvement in housing inventory, resulting in firmer pricing. Unfortunately, Las Vegas and most cities in Florida are still struggling. We hope the recovery continues and are encouraged that homebuilders are reporting increased buyer traffic in August!
Want a New Kitchen?
The DIY network is having a contest and the winner receives a kitchen remodel worth up to $30,000.
To enter, just send a picture of your kitchen. If it’s the one of the worst kitchens out there…you win!!! CLICK HERE to submit an ugly picture of your Kitchen!!!
Thank you for visiting Why6Percent.com. We are a home seller’s MLS and Realtor.com connection. We have helped thousands of owners sell their homes and save thousands in commissions and fee’s since 2004. We can help you, too!!!
Price Your Home to Sell Today
Without the Federal Tax Credit in play, today’s home buyer’s are finding little motivation to sign on the dotted line. Mortgage rates have remained low for a long time. Inventory is creeping back up, so buyer’s have little fear of price inflation. So, what can a seller do to increase a buyer’s urgency to buy?
The #1 way that seller’s can entice buyer’s and get their attention is an aggressive price reduction. As many as 24 percent of home sellers have slashed prices in the last month–that is a 9 percent increase from June levels. And, seller’s should forget about small, nickle and dime price drops. Instead, they should dramatically drop their price to reach a search level that will open them up to new buyers that are not aware of their listing. For example, if your list price is $220,000, a drop to $199,000 will attract a new audience that is searching up to the $200,000 price point.
Bottom Line: If you are sick of waiting and want to move now, price the house to attract multiple bidders and you might even get more than you’re asking for. And remember…if you are selling your home to buy a new one, you will likely break even because the person you are buying from is in the same gut wrenching position you are.
Thank you for visiting Why6Percent.com. Our flat fee MLS packages, List Until Sold Packages and marketing tools can help you sell your property and save thousands of dollars in fee’s and commissions. Visit our site today for details and assistance.
First Hand Real Estate Reports from the Gulf Coast
We have the latest tails from the frontlines of the gulf coast oil spill, as it relates to real estate. Read what agents, brokers, consultants and property owners are saying today. CLICK HERE!
Thank you for visiting Why6Percent.com. We have helped thousands of people market their homes with our flat fee MLS program or our List Until Sold option. We can help you, too!!
Gulf Oil Spill Impacts Coastal Real Estate Values – Part 1
This week we look to InfoTube.net blog, as it focuses on the impact that the gulf oil spill from a real estate perspective.
Today, we take a look at the events that have already affected thousands of gulf coast property owners. We will conclude our series with expert predictions about what will likely follow in years to come…
Thank you for visiting Why6Percent.com. We have helped thousands of property owners successfully market their properties…while saving thousands in commissions and fee’s. There are alternatives and we can help you, too!!
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.
Al and Tipper Gore Invest in Montecito, California Home
Source: LA Times:
In a move that critics may cite as his own inconvenient truth, former Vice President Al Gore and his wife, Tipper, have added a house in secluded Montecito to their real estate holdings.
The couple spent $8,875,000 on a gated ocean-view villa on 1 1/2 acres with a swimming pool, spa and fountains, according to real estate sources familiar with the deal. The Italian-style house has high ceilings with beams in the public rooms, a family room, a wine cellar, terraces, six fireplaces, five bedrooms and nine bathrooms in more than 6,500 square feet of living space.
Montecito has long been a haven for Southern California’s rich and famous, a spot where celebrity faces can blend into the crowd. Among the community’s notable residents have been talk show giant Oprah Winfrey, actors Michael Douglas and Christopher Lloyd, and golfer Fred Couples. The 93108 ZIP Code, which includes the coastal hamlet, was ranked as America’s seventh most expensive area last year by Forbes.
Word of the purchase was reported in late April in the Montecito Journal. Gore, 62, did not respond to The Times’ requests for comment.
Why6Percent.com home sellers have reported a huge upward trend in buyer traffic, contract pendings and closings over the past 6 weeks. We have helped hundreds of sellers market their homes and save thousands of dollars in commissions and fee’s. We can help You, too.
Top 10 Safe and Risky Housing Markets
According to the PMI Mortgage Insurance Company, which makes its money by insuring loans against default, has published its list of the 10 safest and riskiest housing markets. Seven of the 10 markets facing the highest risk of price declines in the next two years are in Florida. Six of ten markets which were determined to be of the least risk are in North Dakota and Iowa.
The PMI Risk Index takes considers factors such as unemployment, foreclosures, inventory levels and price volatility. The good news is that the risk further home-price declines decreased in 93 percent of the 384 markets tracked by PMI. The huge drop in risk was largly due to improvements in affordability and declining foreclosures.
10 riskiest housing markets
1. Naples-Marco Island, Fla.
2. Lake Havasu City-Kingman, Ariz.
3. Cape Coral-Fort Myers, Fla.
4. Lakeland-Winter Haven, Fla.
5. Palm Coast, Fla.
6. Miami-Miami Beach-Kendall, Fla.
7. Port St. Lucie, Fla.
8. Riverside-San Bernardino-Ontario, Calif.
9. Las Vegas-Paradise, Nev.
10. Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.
10 least risky markets
1. Grand Forks, N.D.-Minn.
2. Fargo N.D.-Minn.
3. Killeen-Temple-Fort Hood, Texas
4. Fayetteville, N.C.
5. Iowa City, Iowa
6. Ames, Iowa
7. Cedar Rapids, Iowa
8. Morgantown, W.V.
9. Texarkana, Texas-Ark.
10. Bismark, N.D.
Thank you for visiting Why6Percent.com. We have helped thousands of home sellers successfully advertise and sell their property. We can Help You, Too!! Call 1-800-381-9496 or visit our website for Details!