Finally, good news from the front. Real Estate sales are up! Yes, that IS what we are seeing. Traffic has drastically improved. Investors, first time buyers, folks looking to up size are out looking at the inventory. Prices have not show any increase ..... YET.
As with any product or service, as demand increases, so does the price. So, if we continue to see sales increase and start to see inventory decline, price increases will be close behind.
Right now, almost all sales are foreclosure properties. High portion of listings are still bank owner properties. This will keep sale prices low until the inventory pool changes. Once many of the foreclosure listings sell, prices will begin to rise.
What does that mean for you?
Nothing yet. One month is not a trend. If sales continue, buyers need to get serious and pick a property they can make a home. Remember, the fist time buyer incentive of $8,000 is only good until December. Investors need to start locking in those great deals. Sellers still need to hang on as long as they can.
Is this the time for you to buy or sell? Let us explain your options. Our consultants will help you make the right descision for your goals.
Call RSP International Realty today for your private consultation.
954-472-6251
Chris Pardo
Wednesday, March 25, 2009
Friday, February 27, 2009
Why buy in 2009?
Thanks to the recently passed Economic Recovery Act - another great reason to buy a home in 2009 has been created. Of course, low interest rates and outrageouge bargains on bank owned properties are two of the top reasons to buy in 2009. But the First Time Buyers Tax Credit will seal the deal for many buyers.
Who qualifies:
Buyers who have not owned their primary residence in the 3 years prior to the purchase.
Buyers wih maximun adjusted income of $150,000/couple or $75,000/individual.
Buyers who buy between 1/1/2009 and 12/31/2009
What you get:
A tax credit of up to $8000 or 10% of property value.
Payback?:
Nope- you do not have to pay this one back as long as you own the property for at least 3 years.
Are you convinced that now is the right time to buy that dream home? Give us a call and we can discuss the best plan for you and your dreams.
For more information on the First Time Buyer's Tax Credit, please consult your CPA.
Who qualifies:
Buyers who have not owned their primary residence in the 3 years prior to the purchase.
Buyers wih maximun adjusted income of $150,000/couple or $75,000/individual.
Buyers who buy between 1/1/2009 and 12/31/2009
What you get:
A tax credit of up to $8000 or 10% of property value.
Payback?:
Nope- you do not have to pay this one back as long as you own the property for at least 3 years.
Are you convinced that now is the right time to buy that dream home? Give us a call and we can discuss the best plan for you and your dreams.
For more information on the First Time Buyer's Tax Credit, please consult your CPA.
Rosendal-Smith_Pardo International Realty, LLC
954-632-5514
Tuesday, February 10, 2009
Loan Modifications
So you, like many others in today's reality, are having a hard time making those monthly payments. Not sure where to turn?
Step one- Call you mortgage company!!!!! Explain your situation and discuss what opportunities you have. You may be pleasantly surprised that your lender may have a solution for you.
Unfortunately, we have spoken with too many folks who just walked away from their properties. Several even took the time to mail the keys. Many of these folks never bothered to call their lender to see what, if anything , can be done. The few that did, did so once and accepted the response from an incompetent clerk.
Step 2- Demand to speak with "LOSS MITIGATION" No one else has the power to do anything other than try to convince you to pay your mortgage. The loss mitigation dept can reduce your rate, streatch your loan out for 40 years, even in rare cases reduce your principal - all through loan modification.
Bottom line is- don't go down with out a fight. Call, discuss, work it out. In a few years, once the market turns around- you will be so glad you stuck it out.
Andy if you have any questions or wish to discuss the sale or purchase of a property, please call RSP International Realty. Our team of consultants are ready to assist you in making the right descisions in a tough market.
Call 954-632-5514 for more information.
Step one- Call you mortgage company!!!!! Explain your situation and discuss what opportunities you have. You may be pleasantly surprised that your lender may have a solution for you.
Unfortunately, we have spoken with too many folks who just walked away from their properties. Several even took the time to mail the keys. Many of these folks never bothered to call their lender to see what, if anything , can be done. The few that did, did so once and accepted the response from an incompetent clerk.
Step 2- Demand to speak with "LOSS MITIGATION" No one else has the power to do anything other than try to convince you to pay your mortgage. The loss mitigation dept can reduce your rate, streatch your loan out for 40 years, even in rare cases reduce your principal - all through loan modification.
Bottom line is- don't go down with out a fight. Call, discuss, work it out. In a few years, once the market turns around- you will be so glad you stuck it out.
Andy if you have any questions or wish to discuss the sale or purchase of a property, please call RSP International Realty. Our team of consultants are ready to assist you in making the right descisions in a tough market.
Call 954-632-5514 for more information.
Monday, January 12, 2009
Mortgage Loans to be Had
Yes, there are mortgage loans that are available to the everyday home buyers like you and me. In spite of what the media wants you to believe, all mortgage lending has not disappeared. FHA loans are plentiful, and you only need 3.5% down payment. Often the seller will cover most of your closing costs which means you will have very little out of pocket cash needed.
General Rules are:
Down Payment 3.5% of sales price
Seller maximum contribution to closing costs 6% of sales price
Credit scores as low as 540 qualify
2 years verifiable employment required.
US Citizen or US residency card required
Competitive fixed rates
So if you want to take advantage of these fantastic property prices - give us a call. Our lenders will make sure you you do not loose out on this opportunity to own your dream home. Call us today and let one of our consultants discuss your opportunities.
RSP International Realty
954--632-5514
General Rules are:
Down Payment 3.5% of sales price
Seller maximum contribution to closing costs 6% of sales price
Credit scores as low as 540 qualify
2 years verifiable employment required.
US Citizen or US residency card required
Competitive fixed rates
So if you want to take advantage of these fantastic property prices - give us a call. Our lenders will make sure you you do not loose out on this opportunity to own your dream home. Call us today and let one of our consultants discuss your opportunities.
RSP International Realty954--632-5514
Monday, January 5, 2009
New Home - Hot Deals
Developers have been hard slammed by the bursting real estate bubble as well. Many of the projects and new construction home started, permitted and financed prior to the the crash are now a burden on their books. Construction loans are coming due, interest rates are eating away at their profits and cities are pushing to finalize permits. All this leading to a great opportunity for home buyers. Many of these developers are offering fabulous incentives to move these properties off their books. From extensive upgrades to zero closing costs, developers are becoming quite creative in their offering. Some have been seen to offer a 2 year lease on a high end automobile.
What does this mean to you the buyer? It means you can get a fantastic brand new home, with extensive upgrades, at a fabulous low price. Why buy a foreclosure that can cost you thousands out of pocket for repairs when you can own a brand new home, ready to move in?
Yes, financing is available. FHA, conventional, foreign national loans, even investor financing is at very low rates.
Ready to take advantage of these great deals? Call us today and our team of real estate consultants can find you the perfect deal on a fabulous new home. Call today at 954-632-5514 or visit our website at http://rspirealty.com/
Wednesday, May 21, 2008
Opportunities Grow
Everyday we are seeing more and more opportunities coming available. Opportunities for home buyers. Opportunities for investors. And probably opportunities for you!
Yes, foreclosure filings are up. Yes, Lenders as ending up with too many properties. And although that may sound bad for the economy- right now. This is a great time for many to either buy that dream home or invest in income properties.
If you have been considering buying a home, up-sizing or down sizing - now may the time. Lenders are ready to deal with in inventory homes. Many need little or no work to move in. Prices can be fabulously low for the qualified buyer. Rates are low and are expected to begin rising as the market begins to improve.
If you have been considering buying income property to enhance your portfolio? With the lower prices and lower rates, your potential rental income may either cover your debt service or may even give you a profit. When the market picks up [and of course it will] , your equity will grow while your tenant pays your expenses.
Are you ready?? Step one- talk to a good loan officer. Let them take a look at what they can do for you with current loan programs. If you can qualify and have the cash down payment - then YES- you are ready.
For more information, available properties, good lenders or a market value/ investment analysis, give us a call.
954-632-5514
We can help!
Yes, foreclosure filings are up. Yes, Lenders as ending up with too many properties. And although that may sound bad for the economy- right now. This is a great time for many to either buy that dream home or invest in income properties.
If you have been considering buying a home, up-sizing or down sizing - now may the time. Lenders are ready to deal with in inventory homes. Many need little or no work to move in. Prices can be fabulously low for the qualified buyer. Rates are low and are expected to begin rising as the market begins to improve.
If you have been considering buying income property to enhance your portfolio? With the lower prices and lower rates, your potential rental income may either cover your debt service or may even give you a profit. When the market picks up [and of course it will] , your equity will grow while your tenant pays your expenses.
Are you ready?? Step one- talk to a good loan officer. Let them take a look at what they can do for you with current loan programs. If you can qualify and have the cash down payment - then YES- you are ready.
For more information, available properties, good lenders or a market value/ investment analysis, give us a call.
954-632-5514
We can help!
Monday, March 17, 2008
Foreclosures
You here about them in the news. You see them down the road. Everyone is talking about foreclosures. Are they really a buyers bargain?
The honest answer- maybe! Much depends on the stage of default the property is in. Pre-Foreclosure (owner is behind in payments) and Short Sales (owner owes more than the property can sell for) are often not resulting in a super great deal for the Buyer. In Pre-Foreclosures, the lender or lenders are usually not very eager to negotiate. They tend to prefer to work something out with the Owner. Short Sales are even more difficult. Basically you are asking to lender to give up money owed to them.
Foreclosures or REO(Real Estate Owned) properties are owned by the lender. These are where you may find your best deals. Once the Lender owns the property in their inventory, they become quite anxious to unload it quickly. With the right preparation and terms, often a really great price can be negotiated.
Foreclosures often need some work. Some will need everything from a new roof to walls - others will just need fresh paint and carpet. The Lender will NOT make any repairs - so be prepared to do the work yourself at your own expense. But, often with a little elbow grease, a few dollars spent at the local Home Depot and tenacity you can find a great deal in the Foreclosure Market.
Finding good Foreclosures may be difficult. That's where a good real estate consultant can help. Your RE Consultant will sift through all the listings, match them up with your remodeling abilities and know how to prepare offers and negotiate with banks. Your RE Consultant is invaluable when purchasing a Foreclosure.
For more information or a free consultation on how we can help you buy a Foreclosure or any other property call RSP Int'l Realty at 954-632-5514 or visit us on the web at http://RSPIRealty.com
The honest answer- maybe! Much depends on the stage of default the property is in. Pre-Foreclosure (owner is behind in payments) and Short Sales (owner owes more than the property can sell for) are often not resulting in a super great deal for the Buyer. In Pre-Foreclosures, the lender or lenders are usually not very eager to negotiate. They tend to prefer to work something out with the Owner. Short Sales are even more difficult. Basically you are asking to lender to give up money owed to them.
Foreclosures or REO(Real Estate Owned) properties are owned by the lender. These are where you may find your best deals. Once the Lender owns the property in their inventory, they become quite anxious to unload it quickly. With the right preparation and terms, often a really great price can be negotiated.
Foreclosures often need some work. Some will need everything from a new roof to walls - others will just need fresh paint and carpet. The Lender will NOT make any repairs - so be prepared to do the work yourself at your own expense. But, often with a little elbow grease, a few dollars spent at the local Home Depot and tenacity you can find a great deal in the Foreclosure Market.
Finding good Foreclosures may be difficult. That's where a good real estate consultant can help. Your RE Consultant will sift through all the listings, match them up with your remodeling abilities and know how to prepare offers and negotiate with banks. Your RE Consultant is invaluable when purchasing a Foreclosure.
For more information or a free consultation on how we can help you buy a Foreclosure or any other property call RSP Int'l Realty at 954-632-5514 or visit us on the web at http://RSPIRealty.com
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