Wednesday, December 23, 2015
Tuesday, November 24, 2015
Wednesday, October 28, 2015
Tuesday, September 29, 2015
Thinking About Buying A House? Use This Advice
Buying real estate is something you don't want to take lightly. When you make your purchase you feel comfortable about it, you want to make sure you have as much information about real estate so. This article is here so you can learn some tips that can help you with buying real estate.
If you are looking at buying a home and fixing it up to make some quick cash, you should first invest in some literature on the process and different books about how you can increase the value of your home. This will help you make the most out of your investment.
Do not hesitate to ask a real estate agent or another real estate investor if you are unsure whether or not a property value is fair or not. Never make a purchase without obtaining the fair market value that a property is worth. This will keep you from overspending on a home.
A great tip to use when buying real estate is to thoroughly vet your real estate agent. You can not just trust anyone to do a good job for you. Make sure that you check out this person's references, previous properties he or she has sold, and even speaking with those in charge to see how this individual performs overall.
Take your time to search and evaluate, do not just jump on the first thing you see. Many new home buyers make the mistake of buying the first thing they see and end up in a world of regret. You need to do careful research, and make sure that it is the property for you.
To help you get buy real estate effectively, make sure you are aware of the closing costs before you purchase your property. Sometimes, closing costs can be extremely expensive and will add a considerable portion to the cost of your property. Receiving an estimate on closing costs from your real estate agent will help make you better informed on this issue.
This is what is meant by the phrase, buy low sell high. In just about any market conditions, you will be able to re-sell for closer to the full market value, and this approach is much less risky than buying at market value and waiting for the market to go up.
When buying a home try to buy one that has enough space if your thinking about making additions in the future. You may only need one bedroom now, but you might want to buy a home with more so that you will have room for guests and/or new additions to the family.
Make sure you digested all of the information you have just learned about buying real estate. The only way this information is going to be of use to you, is if you apply the information you just learned. If you need to, come back and visit this article from time to time, to make sure that you remember the key points it presents, about buying real estate.
You want to make sure you have as much information about real estate so when you make your purchase you feel comfortable about it. If you are unsure whether or not a property value is fair or not, do not hesitate to ask a real estate agent or another real estate investor. A great tip to use when buying real estate is to thoroughly vet your real estate agent. To help you get buy real estate effectively, make sure you are aware of the closing costs before you purchase your property. Make sure you digested all of the information you have just learned about buying real estate.
Thursday, August 27, 2015
Open up Seattle’s single-family zoning to those who aren’t rich
This is a great article that explains the Housing Affordability and Livability Advisory (HALA) Committee
The recommendations reflect a range of housing types that actually already pepper our single-family neighborhoods.
IN 1993, when I was 28 and my second child had just been born, I rented a two-bedroom house in the Central District near where I grew up. I paid $800 a month.
That’s how my Seattle housing story begins, and it’s typical of my generation. In that house, I started the venture I still run, which now employs 14 people. In time, I was able to buy a house in Ballard that has somehow appreciated to a shocking $700,000.
The housing stories of young people nowadays are radically different. My friend Travana, who grew up in the CD a generation after me, cuts hair downtown and commutes by bus from a row house in Everett. That’s the closest family-sized place she, her husband and their baby girl can afford. She hopes to start a business as a clothing designer soon, if she can get ahead of her bills. My friend Meaghan, a new mom, may move to Renton to find an affordable two-bedroom place. Her husband is starting a new career and Seattle’s rents are crushing their finances. Travana and Meaghan are among the lucky ones — they have jobs and supportive families. Thousands of members of our community sleep under bridges or in cars each night, pushed there in part by our city’s white-hot real-estate market.
Housing affordability has become the defining challenge of Seattle’s growth. For the past 10 months, I’ve served on the Housing Affordability and Livability Advisory (HALA) Committee. Mayor Ed Murray asked us for a plan to turn Seattle back into an affordable city.
First, the purpose of changing single-family zoning is to welcome families who aren’t rich. It’s to enable the Travanas and Meaghans to live in these neighborhoods, too, renting and perhaps buying someday, and contributing their talents to our city along the way. The point of affordable housing is not the housing; it’s the people who will live in it.Of all the recommendations in HALA’s 65-point plan, the most controversial part concerns the city’s single-family neighborhoods. It deserves explanation.
Second, HALA had no choice but to recommend changes to single-family zoning. Affordability demands the reforms. Almost two-thirds of Seattle’s zoned land is currently reserved for detached houses. Seattle cannot accommodate the tens of thousands of people who are moving to our community without many of them landing in the single-family zones. Already, growth has made these neighborhoods exclusive to the point of exclusion — intensifying scarcity means only people with money or people from families with money can buy there now. Even small houses in popular neighborhoods start above a half-million dollars. Seattle is well down the path to Silicon Valley’s $1 million entry price for homeownership.
Third, HALA’s recommendations for bigger buildings in single-family areas are limited and fiddle around the edges, literally. HALA recommends an upzone to just 6 percent of the single-family zones. This 6 percent sits inside or adjacent to the city’s designated growth hubs, urban villages, or alongside arterial strips already lined with big buildings.
Fourth, HALA recommends more flexibility, but not bigger buildings, on the other 94 percent of the city’s single-family zones. These areas would stay under existing rules for building sizes: same height limits, same restrictions on total square footage, same setbacks. What would change is that city codes would allow more options in dividing up the allowable square footage. We recommend more in-law apartments, backyard cottages, cottage clusters, miniature duplexes and triplexes, courtyard housing, row houses, town houses, and stacked flats. We also recommended allowing separate ownership of these dwellings so that more people can afford to buy homes.
These suggestions reflect the range of housing types that actually already pepper our single-family neighborhoods, left over from before current restrictions. My friends Chris and Mary live in Wallingford on a neighborhood greenway. The three-story home they have restored themselves is surrounded by gardens and a chicken coop. It’s divided into three flats and they live on the top floor. My friends Valerie and Brian live in a classic old Capitol Hill house with a downstairs in-law apartment, which they rent to a single mom. Two doors up from my friends Pete and Christine, in a single-family zone in Ballard, is a triplex — two up, one down — built decades ago. My friend Rick lives near Green Lake and can point to the converted corner stores with apartments up top that are sprinkled through his neighborhood.
HALA means to say, in short: more like that! Neighborhoods would feel the same — the same tree cover and lawns, porches and rain gardens, chicken coops and tiny lending libraries — but with more people like Travana and Meaghan and their husbands and children. More people like my own children, now in their 20s, who I hope could live in their hometown someday and possibly own homes. And more people like 28-year-old me.
Alan Durning is executive director of the Seattle-based policy research center Sightline Institute and author of “Unlocking Home: Three Keys to Affordable Communities.” He lives in a single-family zone in Ballard.
Thursday, July 2, 2015
Happy 4th of July From Homes and Equity Real Estate
Happy 4th of July From Homes and Equity Real Estate !!
Friday, June 19, 2015
What are Bank Foreclosures and Why are they Important?
These days, one of the easiest ways to save money on real estate is to buy bank owned foreclosures. Bank home foreclosures are a unique form of repo homes for sale in cities across the country including New York, Los Angeles, Miami and more. They are available to the public through auctions as a result of the previous owner's inability to keep up with payments on a mortgage loan. In order to collect the money owed, lending banks will repossess and sell the property and use the sale proceeds as a means of settling the debt.
The interesting aspect of bank foreclosures for sale to potential buyers is that repossessed properties like bank foreclosed homes often sell for much less in this scenario than they ever would on the open market. Since lenders only need to collect a portion of a loan to settle most debt, buying real estate bank foreclosures often means buying property for savings that can range up to 50 % off market value. So whether you're searching for land in Seattle or an apartment in Chicago, you can find it for a great price!
Save Money Buying Repossessed Homes
No matter what you are looking for, you can find it through the property repossessions market for an incredible bargain. There are all sorts of different distressed properties out there; the bank foreclosure process is not unique to any particular type of home! Once you start exploring the market for bank owned properties, you'll find that there are apartments, condos, houses and even commercial seized properties and foreclosed land available. And best of all, any of these kinds of property can be purchased for discounted prices at sales in San Diego, Dallas, Seattle, Indianapolis and beyond!
Just as the repo homes market is not limited to one type of property, neither is it limited only to bank repos! There are many different lenders and mortgage institutions out there that sell foreclosed properties, and it's important to know about all of them in case you decide to take an alternate route to buying bank homes for sale.
Fannie Mae and Freddie Mac are also two incredible sources for finding cheap houses, as they are responsible for thousands of mortgages provided in every state. There really are a lot of options available when it comes to buying homes repossessed by lenders, and some of the best advice a buyer can receive is to explore them all before deciding on the best for your needs.
Investing in Foreclosed Properties
When you choose to invest in bank foreclosures homes or any other kind of REO property, it always helps to have some guidance and assistance, and that's exactly what BankForeclosuresSale.com aims to provide. We'll teach you the ins and outs of buying bank repossessed homes and more for the best deals possible, so you can maximize the value of your investment.
Finding Foreclosure Listings
BankForeclosuresSale.com is one of the most effective services for finding the best bank repo homes in cities like Seattle, San Francisco, Baltimore, and anywhere else where property is in demand. Whether you're looking for places designed for single families or multi families, our database of over 500,000 listings nationwide is the place to find what you need. You can also specially target your search to view property lists for the kinds of sales you want, like those for bank foreclosures for sale or anything else under the sun. We can help make your search for a discount on a property investment painless and truly effective.
Once you find properties you are interested in it is the perfect time to contact a real estate agent at Homes and Equity Real Estate to help you research more information about the property and eventually inspect and handle the paperwork in the purchase of the property or properties you would like to purchase.
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