Terrific Gifts for Real Estate Agents

Real Estate agents often give their clients nice gifts when they get to the closing table, and many people think the agent’s ‘gift’ is their commission, but real estate agents work their tails to the bone, and a little something extra would be nice. On the other hand, you may have a spouse who is a real estate agent. Maybe your daughter has just passed her real estate exams and signed on with a broker.

I have been a real estate agent in Washington (the state) for a few years now and here I will suggest gifts that I like for myself, and that your real estate agent will probably appreciate for your thoughtfulness and support of them in a very tough, stereotyped profession.

 

A Great Cell Phone with camera – Real estate agents use their cell phones every day, often ALL day, and need to have a quality cell phone, with a great plan. Believe me, as a real estate agent I use lots of minutes, sometimes 3000+ minutes, so check to see what overage minutes cost. Another consideration is network reliability in the area your real estate agent works. I have used the camera on my cell phone to quickly let clients know about homes that are just on the market, giving them a head start to purchasing their dream home, and believe me, they appreciate it! You can get a great general overview of cell phone providers and plans in your locale by entering your zip code at Lower My Bills, http://www.lowermybills.com. You can select ‘compare’ and have a side-by-side look at all available providers in the area.

 

Personal Protection Devices – Sitting in an Open House or meeting unknown ‘clients’ for walk-throughs can be scary, even for seasoned real estate agents. Most real estate brokers tell their new agents about personal safety, but many include horror stories. The two best personal protection devices, in my experience, are common sense and preparation, but, of course, you can’t wrap those in gift wrap. The next best personal protection devices are cell phone belt clip (your cell phone is of no use in an emergency, when you leave it in your purse or briefcase); a LOUD personal alarm (if nothing else, makes the bad guys’ ears hurt like heck!) and a belt-clip with a can of pepper spray, available at Defense Express, online at http://www.defensexpress.com.

 

Thomas Guide (map book) for their locale – For locating that new listing and being right on time for your appointments, almost nothing beats a Thomas Guide. Easy to understand formatting and indexing make this an invaluable tool for active real estate agents! Often available in bookstores and stationery stores, even from out of state, you can get a real estate a local issue at http://www.thomas.com.

 

GPS Unit – Most geocachers get into the sport to use techie tools, namely a GPS (Global Positioning System) receiver. I love my mid-price range GPS from Garmin, http://garmin.com. My Garmin eTrex Vista GPS has a larger screen (great for my old eyes), a very detailed basemap that really helps in my orientation to new locations, a terrific compass, and even an altimeter to tell me how far up I have climbed. It was very reasonably priced at around $275, and the sturdy case makes it a really great GPS!

 

Fun and Funny!

 

Talking Realtor Doll – Just for fun, this talking real estate doll sounds just like a Real Estate Agent eager to close on a “really big” sale. Press this doll’s belly and you hear the standard phrases of the trade…. “Do I have a house for you?”, “location, location, location!”, “The seller is motivated” and “Just needs a little TLC”. It is silly, funny and a great conversation starter for the real estate agent’s desk. 7″ high and so ugly it is cute, the real estate talking doll comes in male and female versions and is under $20 at Lawyer Jokes and Gifts, online at http://www.lawyer-jokes.us/lawyer-gifts.

 

Choose one or choose them all, and give the real estate agent in your life a great holiday gift, that they can use in their successful professional life for years to come!

Short Sales – Questions and Answers

Short sales are on the rise across California. Many people are becoming affected by it either directly or indirectly. To help give you a better understanding of short sales I have interviewed Chris Plumb who holds a California Real Estate Brokers License.

Tell me a little bit about yourself?

“For the past sixteen years I’ve served as a Mortgage Underwriter, Mortgage Loan Processing Manager, Residential Property Manager, Realtor, and Real Estate Broker. I’ve dedicated many hours to educating myself as a knowledgeable real estate professional. In today’s difficult real estate crisis it’s vital to have the knowledge to properly service homeowners and future homeowners. In 2009 I received the CDPE designation (Certified Distressed Property Expert). A CDPE is trained to help homeowners who have a mortgage in distress. In 2002 I received my B.S. degree in Business Management from the University of Phoenix. Because of the education I’ve received, I’m equipped to help clients with their immediate, short-term, and long-term real estate needs. High levels of customer service are important to me, and I strive to ensure that each individual benefits from my experience.”

 

What is a short sale?

“A short sale is when a lender is willing to allow a homeowner to sell their home for less than what they own on their mortgage.”

 

Why is there currently a rise on short sales in California?

“Short Sales in California are on the rise because of unemployment and adjustable rate mortgages. Until companies have the ability to employ new people, we will continue to see more short sales in California. But what is more alarming is the amount of adjustable rate mortgages that are due to adjust. During the real estate boom investors thought it would be a great idea to loan money to people for less than interest only payments. These loans were called pick-a-payment or option ARM’s loans. Basically a homeowner could pay less than interest only on their mortgage.

 

If a homeowner is paying less than interest only, the amount that would have been paid with an interest only payment then has to be placed on top of the loan balance. In most cases a lender will only allow this type of payment to be made for 5 years and then the payment skyrockets. Well…the rockets are going to burst in 2010 like fireworks on the 4th of July. Wells Fargo who bought Wachovia who bought World Savings currently has over 4,000 loans alone in the Sacramento region that is currently in trouble. It is projected that 14,000 loans in the Sacramento region with Wells Fargo alone will need a loan modification or short sale. As the Team Leader of Connect Realty Fair Oaks, I have prepared my team to assist homeowners who are in distress and we are aligning ourselves with Wells Fargo to assist these homeowners and other homeowners.”

 

Other than losing their home are there any other personal drawbacks?

“If a short sale is not property negotiated by a Real Estate Profession, a homeowner may be stuck with the difference between the amount due and what the amount the home sells for. In many cases a Real Estate Professional can negotiate with the lender that the lender waives their right to collect on the difference. It must be clearly stated on the short sale approval letter from the short sale lender that they waive their rights to the difference. If it does not state this on the approval letter, the lender has the right to collect on the difference.”

 

“In most cases the homeowner will be sent a 1099 for the difference. A homeowner needs to consult with a CPA or Tax Attorney to see if there will be tax implications.”

 

Can one person’s short sale negatively impact the surrounding community?

“A person’s short sale can have a negative impact on the community if the short sale lender sales the home for less than current market value. In most cases the short sale lender will not allow a short sale to be sold for less than 5% of the current market value.”

 

What can people do to avoid a short sale?

“A homeowner can avoid a short sale if their lender is willing to modify their mortgage by reducing their interest rate. Lowering the homeowner’s interest rate will reduce their mortgage payment. If the payment is manageable, the homeowner may be able to afford the new mortgage payment.”

 

Can anyone benefit from a short sale?

“Only a person in financial distress can benefit from a short sale. A loss of job, a divorce, and a loss of income qualify for a financial distress. If a homeowner is merely upside down on their home and can afford their mortgage payments, they don’t usually qualify for a short sale. Always consult with a Real Estate Professional who is trained to handle short sales to see if you can benefit from a short sale.”

 

Any advice for anyone who is facing a short sale or investing in one?

“My advice to someone who is facing mortgage distress is to consult with a Real Estate Professional that has earned a designation to assist distressed homeowners. I highly recommend working with a Real Estate Profession that holds the designation of CDPE (Certified Distressed Property Expert).”

 

For more information about short sales visit The Plumb Team website.

Will the Real Estate Market Get Better When a New President is Elected?

It is no secret that the real estate market in the United States has been on a decline. They are no clear signs that this will be changing in the near future. I’m sure that there are many Americans that would like to forget the past eight years that George W. has been in office. Everyone is hopeful that a new president being elected will help the economy and also help the real estate market in a positive way. Regardless, nothing is guaranteed. With what we know of the two front running presidential candidates, we can assume what effects they may have on the real estate market.

Republican candidate John McCain would rather see this situation pan out on its own without the interference of the government. He proposes that if there is any government assistance with the real estate problem in America, that it should not be permanent. The only possible permanent changes will be to the financial regulatory system. If there be any financial assistance to the public, he proposes that it only go to those owning one residence, in order to save their own home, not those with second and third mortgages. McCain has been open to suggestions for solutions in the real estate area, but has not made the issue part of his campaign on the grounds that he does not want to make any promises that would not be able to hold in the act that he is elected president.

 

The other front runner is Democratic candidate Barack Obama. He has proposed a plan for housing reform, which includes a system that is supposed to help with the well-known foreclosure issues. It talks about the federal government helping people with financial problems by refinancing existing mortgage loans or even possibly buying out those mortgages. He proposes changes of the regulatory system to keep closer a closer eye on financial institutions. He would also like to see those citizen’s who do have mortgages to be able to get better tax breaks.

 

The real estate issues in America are obviously very important to the public. Both front running presidential candidates recognize this. Where the two differ is on the amount of governmental involvement. Throughout U.S. history, presidential candidates have always addressed the issues that concern the public in their campaigns, but have not necessarily delivered, once elected to office. So even though Obama has made it clear what he wants to do with the real estate problem, does not mean that it will come to pass in the act that he is elected president. Republican candidate McCain has not taken a clear stance as to what he will do if he is elected, regarding the real estate issues, which is somewhat alarming. Regardless of which candidate is elected president, there is really no sure way to know what will happen with the falling real estate market in the United States.

How to Choose the Right Online Real Estate School for You

So you want to attend Real Estate School and you’re considering taking the pre-licensure course online. Congratulations. You’re lot only pursuing a career that could be very lucrative for you, but you’re choosing a method of learning that is very independent- just like real estate careers. You can take a 40-hour pre-licensure course on site at various schools, but taking classes online is a sure way to make sure that you’re focused at the task at hand without classroom disruptions. It is convenient and you can go at your own pace. This is also a great option if you’re moving to a new state and want to study and prepare for the exam before you move. Here are some tips on choosing the right online real estate school for you.

  1. Look for accreditation. You want to make sure that your state will hour the licensing class through the online real estate schools you’re considering. You can check your state’s department of labor for a list of schools although the list may not be complete.

 

  1. Choose a program with continuing education. If you plan to practice real estate, you’ll have to take a course once a year to stay on top of the latest changes in the real estate industry. Also, you may want to move up in the industry, such as becoming a broker. If the online school also offers other courses in addition to the basic real estate agent pre-licensure course, you’ll already be familiar with the school and the way they operate.

 

  1. Choose an online real estate school with exam preparation help. You will not only want to study the materials for the test, but you may want some extra assistance in preparing for it. Check with your candidate programs if they offer additional study services such as mock tests and study CDs.

 

  1. Choose a program with real assistance. You’ll want to have a way to reach real people if you are having trouble understanding the materials. Make sure you can reach out to an instructor via email or phone so you can get real live help.

 

  1. Shop around for tuition. There are a number of options available depending on the state where you live so shop around to find the best price. Prices vary at around a couple hundred dollars for the course. Balance value with quality.

 

Now that you’ve got these tips you’re ready to search the Internet for online real estate courses.

How to Cope with Real Estate Buyer’s Remorse

Real estate buyer’s remorse is more common than you might think. Making a large investment can cause anyone to second guess themselves, especially if you are a fairly new investor. “The best way to handle real estate buyer’s remorse is to deal with it preemptively. Know that it will occur, not that it might occur, after the transaction is complete,” said Richard Buck, a retired Coldwell Banker real estate agent.

If you’ve invested in a piece of real estate that you are having second thoughts about, here are some important things to consider.

 

  1. Know it will happen – Making a large investment will cause almost anyone to second guess themselves. The feeling is common among real estate buyers and new home owners.

 

  1. Be prepared – Prepare yourself for feelings of doubt by making a list of the reasons why you bought the property.

 

  1. It’s a normal feeling – You may be tempted to entertain thoughts about your ability as an investor because of your remorse. “Know that what you are feeling is normal and it will pass,” Buck said.

 

  1. It happens to everyone – Seasoned investors as well as new investors will experience buyer’s remorse. Know you aren’t alone

 

  1. If you are a new investor, you may be feeling overwhelmed. – Your remorse may be a feeling of being overwhelmed rather than actual remorse over the investment itself.

 

  1. Acknowledge the problems that the property has – If it needs a paint job, get one. If the hinges are squeaky, replace them. Fix the things that you know need to be fixed.

 

  1. Review your research – There are reasons you bought this property. What led you to pick this property? Why did you think it was a good investment? Remembering your initial reasons for selecting a piece of real estate can help you rid yourself of real estate buyer’s remorse.

 

  1. Have confidence in your abilities – Even if your confidence is shaken at the moment, remember that you are a talented and knowledgeable professional. Consider your track record for successful investments. Know that this investment will soon be on that same list of successes.

 

  1. Talk to other investors – Other investors can help you deal with your buyer’s remorse in a constructive manner. They have been where you are and can help reassure you that your investment was a wise decision.

 

  1. Keep your eyes on your goals – Remember that you purchased this piece of real estate for a reason. Remember your reasons and follow though with your plan. Your feeling of remorse will pass once you fully get used to the idea.

 

“Investing in real estate is a wise decision in any market,” Buck adds. Follow through with your initial plans and you will soon find that your real estate buyer’s remorse will fade.

 

Ten Helpful Tips for Real Estate Investors

It’s a buyers market, to be sure. How do you make your property attractive? How do you get around pesky zoning problems and inspection issues? In short, what do you do if you’re a real estate investor looking to turn a profit? Listed below are ten ideas that should help you get on your way.

1 Go large

One house isn’t going to make you rich. Try buying a block of properties, either commercial or residential. The more you purchase, the more you can turn. Also, it becomes easier to collect properties from the government if you offer to buy in bluk.

2 Don’t go it alone

 

It never hurts to have other investors to help saddle the burdon. You’ll find pretty quickly that your costs are not what you thought they would be, and other people might have more time and experience (not to mention investment capital) to put towards your project.

 

3 Talk to the government

 

Local and state governments are often times sitting on blocks of homes that are foreclosed on or just vacant. Many times these are properties they will not only be willing to sell you for next to nothing, but they might even help you get the money for the properties. Their angle? If you fix them up and sell them, people who pay property taxes will live there, thereby helping to offset the cost of the homes.

 

4 Look to the community

 

Many community agencies, churches and centers will know of or be sitting on viable housing opportunities. Don’t pass these by! Many will already have information lined up on grants and housing contacts, all you need to do is show a serious interest and be willing to work to a common end of having a property that people want to live in when you’re done.

5 Realize you don’t know everything

 

You’re probably not an expert carpenter, plumber, electrician or other necessary repairman that can magically make your investment work. Realize pretty early on that you will need help, and that outside contractors will need to be called in. Remember, you can do it yourself and waste time, or you can do it right and turn that property.

 

6 Don’t dawdle

 

The longer you sit on a property, the longer it becomes a black hole for your cash. Don’t commit to purchasing properties if you’re only going to put Sunday afternoons into it; be ready to dive in and get to work. The sooner it’s ready, the sooner it can sell.

 

7 Don’t shoot for the moon

 

You will not make a million on your first sell, so don’t act like it. Remember, the name of the game is long-term accrual, not get rich quick. You and your investors might see a return of $10,000 profit on a sale if you’re extremely lucky. This is why bulk buying is key.

 

8 Collect them all

 

Don’t look for one property; look for a dozen that are in close proximity. Buying a neighborhood is easier than buying one because the combined low value of the homes will help to drive them collectively down. Therefore, if you buy multiple homes and fix them all up, this will collectively raise the property value of the neighborhood, making it more desirable to a higher-paying clientele.

 

9 Go to council meetings

 

Get to know the City Council, and don’t act like a jerk when they tell you no. Present your zoning case and make sure you’ve consulted a lawyer before potentially wasting everyone’s time. Most council’s will be open to rezoning within reason (don’t expect a residential to magically go to M1 just because you said please), but it still may take some persuasion. Be calm, and also don’t be afraid to broach the subject before you buy. Sometimes they will bend just to see the property increase in value.

 

10 Don’t be bossed around

 

If you are trying to turn a property that you have rented out and have a problem tenant, remember that the tenant is not a permanent fixture. A contract is a contract, and if they are resistant to any repairs or changes you make, remind them that you, not they, are the one that owns the property. Also, don’t be afraid to step up the ante. If they won’t play nice, let them know immediately where you stand with small claims court. Most people won’t take the time or money to push any issue past that basic threat.

 

For more information, try the following helpful sites:

 

www.biggerpockets.com

 

www.realtor.com

Title Seasoning: 10 Real Estate Investing Tips

If you are planning to buy homes and flip them for profit you will most certainly come up against title seasoning issues. Title seasoning is gaining in importance for real estate investors who wish to make a quick profit from real estate. It will be financial suicide to jump into the real estate investment business without having a thorough knowledge of title seasoning issues. The following are 10 important facts about title seasoning that every real estate investor must be aware of.

  1. During the recent real estate boom everyone seemed to have thrown caution to the wind and there were more scammers than genuine real estate investors operating in the real estate market. This has resulted in the unprecedented number of foreclosures. Gone are the days when you could take a small piece of paper, write a few words and some monetary value, hand it to the person behind the counter and walk away with huge amounts without having to show even your driver’s license.

 

  1. During the real estate boom it was possible for an unscrupulous investor to cheat a gullible home owner into agreeing to sell the home cheap and find a naive buyer to buy the home at a hefty premium. The buyer would be sent to an unscrupulous loan officer and appraiser who will validate the hefty premium price. The buyer would be sold a mortgage he could ill afford and the investor, loan officer and appraiser would make good money. Not surprisingly a year later the home would go into foreclosure. This became the norm during the real estate boom. Now the FHA and the lending institutions have become wiser and have brought in the title seasoning requirement.

 

  1. Mortgage insurance is provided throughout the United States by HUD, which is part of The Federal Housing Administration (FHA), on loans provided by FHA approved lenders. Alarmed by the spate of foreclosures in the recent past FHA and most of the lending institutions have enforced title seasoning requirements on real estate properties in whose mortgage they are involved.

 

  1. The FHA requires that a seller of a home must have been the owner of record of that home for more than 90 days. Even though there are some exceptions they do not apply to fixed-and-flipped homes.

 

  1. Further if you are selling a home to a retail buyer within a period of 12 months of purchasing it and the selling price is more than your purchase price then FHA may ask you to substantiate the increase in price through documentation like list of improvements made, receipts, before and after photos, etc. Additionally, if you are selling the property within 12 months for more than 100% of your purchase price the FHA may ask for a second appraisal.

 

  1. Other conventional lenders also have similar title seasoning rules. The title seasoning requirements however would mostly depend on the buyer’s debt service history and credit score. Therefore if you are selling within 180 days of purchasing a real estate property you should check with the buyer’s lender to find out about their stipulations regarding title seasoning. If you go ahead without checking it out you may end up with the house off the market for 30 days unnecessarily.

 

  1. Another scenario where you can land in deep trouble is when you take a hard money loan to buy a property, do a quick rehab and put it back on the market but find no takers. As they interest on a hard money loan is very high it would be better if you can avail a conventional refinancing of the home and pay off the hard money lender so that your interest burden can become manageable. However it will be very difficult to find a lender for the refinancing if you have held the title for less than six months because of most lenders’ title seasoning rules.

 

  1. It is not necessary that you have to deal with title seasoning issues in all cases where FHA is involved. Take the case where you are working on a foreclosure short sale involving a property having a FHA insured loan. As the FHA has insured the loan it must approve the short sale. Once the short sale is approved by the FHA you can buy the property with the FHA loan, flip it and sell it to a buyer who is not getting a new FHA loan. Here the title seasoning rule does not come into play.

 

  1. The above does not mean that you cannot use some creative financing to overcome traditional lending institutional guidelines regarding title seasoning issues. If you find yourself stuck then you can use the strategy of creating a seller financed note for structuring a deal. You can sell this note at the closing to a note investor for financing the deal. If you want to know more about note funding then look for note funding investor forums in Google or Yahoo and learn about it there. You can also visit www.notefunding.com and look under the title Creative Strategy to Buy/Sell Property.

 

  1. Another way a real estate investor can overcome title seasoning is through land trust. In essence land trust involves a bunch of papers but it is highly effective. Land trust involves three important things – land, beneficiary and trustee. The advantage of this is that conveying real estate property into a land trust will not break the chain of title. For example if a property has been owned for 5 years by the previous owner and after that you have owned the property for 3 months then title seasoning will show 5 years 3 month when the new lender requests a title binder from the closing attorney. Even though the fact of the conveyance of the property to the land trust will show it will not break the chain of title.

 

Real Estate in Ephrata, Pennsylvania: Best Times to Buy or Sell

Estate

If you are looking to buy or sell a home in Ephrata, PA, there are a few guidelines to consider which will help you to determine the best time to make your purchase or sale.

For the seller, there are some times of the year that are much more suitable for selling than others. I consider the spring and summer to be the best times to sell a home in the area. Ephrata, PA is stunning during these seasons. Wildlife and natural beauty abound. Amish roadside vendors offer a safe and family-friendly atmosphere. The natural beauty of the surrounding landscape will help to add curb appeal to your home. This is also a good time for open houses which are wonderful to attract buyers to your property.

The winter months are not the best times for a seller who is looking to find buyers for their property. Ephrata can be very cold during the winter which can intimidate some buyers. Snow and ice can also play a role in the sale of your home. These weather conditions can make it difficult for some buyers to see the real value of your home and can also make it difficult to schedule visits to the property.

For the buyer, there are also times that are more suitable than others. As I stated above, the spring and summer are wonderful times to purchase a home in Ephrata because you are able to see the true beauty of the property and its surroundings. The summer can also be a more suitable time to buy for families. It is a much easier transition for children if they are able to begin school in a new school year compared to changing mid-term. While there are benefits for purchasing a home during this time, there are also some downfalls. The buyer’s market is more competitive in the warmer seasons. There are generally more people who are looking to purchase homes during this time which could possibly lead to bidding wars.

For a buyer, I believe the best time to purchase, while keeping finances in mind, is during the winter. Sellers who put their homes on the market during the winter are normally more eager to sell. This fact combined with the slower market during the winter enable the buyer to get a better deal. Another tip is for buyers to become very friendly with their local real estate agent. A real estate agent can allow a buyer to see a property before it is even listed. This is a wonderful advantage for those who are looking to find their perfect house.

Whether you are a buyer or a seller, there are some times of the year that are better to make your sale or purchase. For both the seller and the buyer, it is important to become close to your real estate agent. The agent is the key to getting the best price for your home in both cases.

California Real Estate Investing Tips for New Investors

California

California real estate investing can be tricky for investors inexperienced in buying properties for profit. California has taken a hard hit in foreclosures since the subprime lending crisis. According to DQ News, nearly 80,000 foreclosures occurred within the third quarter of 2008 and continued to rise through the first quarter of 2010.

California real estate investing could turn out to be the next gold rush for investors who purchase foreclosure properties. DataQuick states, “At formal foreclosure auctions last quarter, an estimated 24.6 percent of foreclosed properties went to investors. That’s up from an estimated 17.6 percent a year ago.”

 

Some California markets have witnesses housing prices drop as much as 30-percent; making real estate more affordable in the Golden State. However, home prices are beginning to rise in inland areas and property sales rose by nearly 10-percent in Los Angeles, San Diego, San Bernardino, and Orange counties. Investors who desire to purchase investment property should develop strategies now as real estate prices are expected to escalate throughout the year.

 

In order to turn a profit with California real estate investments, investors must take time to learn about the market as well as real estate laws. This is particularly important for investors who plan to use properties as rentals.

 

California has some of the most stringent landlord tenant laws in the country. Investors should visit the California Department of Real Estate website before buying investment properties. First time investors would be wise to work with a real estate attorney to ensure they are in compliance. Otherwise, they could be subjected to exorbitant fines.

 

The U.S. Census Bureau reports nearly 500,000 people move to California each year. This presents profitable opportunities for real estate investors who understand the needs of new residents. Many people who relocate need suitable housing with easy access to interstate systems and located within desirable school districts.

 

Investors who take time to review real estate trends and comparable sales reports can better determine housing market trends. Investors should locate the best school districts and focus on providing affordable housing to families with school-aged children. Networking with other real estate investors can shed light on what types of homes tenants and home buyers want.

 

Another niche investors should consider is offering houses for sale using creative financing options. Many people think of creative financing as illegal, but nothing could be further from the truth.

 

In today’s economy, obtaining a home mortgage loan has become difficult for buyers with less than perfect credit. Many California residents want to purchase homes but are unable to qualify for financing. Investors can solve this problem by offering properties as lease-to-own or providing seller carry back financing.

 

With lease-to-own homes, buyers provide a down payment and a portion of rent monies are contributed toward purchasing the home. This type of financing typically extends for two or three years to give tenants time to rebuild credit. When the contract expires buyers obtain financing through a conventional lender.

 

With seller carry back mortgages, investors act as the lender and carry all or a portion of financing. Buyers provide a down payment and submit monthly installments to the seller. Most investors carry back a portion of financing and borrowers obtain a home loan for the balance. Seller carry back contracts usually last between two to five years. Once the contract expires, buyers refinance mortgages into a conventional home loan.

 

Investors who buy homes in the state of California have many opportunities to obtain a good return on investments. However, they must engage in due diligence when buying distressed properties or offering creative financing.

 

It is best to develop of network of real estate professionals including attorneys, realtors, mortgage brokers and private investors. Join California real estate clubs to locate potential business associates and expand investment opportunities.

 

Sources:

 

DQ News (DataQuick) – www.DQNews.com

DQ News – California Foreclosure Statistics – www.dqnews.com/Articles/2010/News/California/CA-Foreclosures/RRFor100420.aspx

California Department of Real Estate – www.dre.ca.gov

U.S. Census Bureau – www.census.gov

Tree Top Drive, St. Charles, Missouri, Real Estate Slide Show

Estate

Tree Top Drive is a drive through community of homes with a main road and several courts located off the main road. The subdivision is completely surrounded by residential communities on all sides and is a passageway between Country Club Road and Muegge.

The location is the greatest aspect of the community with immediate access to Interstate 70 and easy access to Highway 94 or 364 (the Page Extension). Shopping on Zumbehl road or Cave Springs is just minutes away. On a nice summer day, you could even walk to shopping. There is a plaza just around the corner that includes a grocery store, fast food, and a craft store among many other types of retailers, hair salons, and such. Because everything is in close proximity, you will often see walkers, bike riders, and pedestrians within the community. Bogey Hills Golf Course is just around the corner as well.

 

Tree Top Drive has sidewalks and streetlights and does not allow parking on the main road, which adds to resident security. Because the community creates a shortcut between two major roads, it does receive quite a bit of non-resident traffic, which can be a huge deterrent for individuals with small children. The multiple courts located off the main road would be a better option for those with children, but still not ideal.

 

Homes for sale in this community are typically below average price. Most of the homes are ranch style homes with basements. Bauer Realty has had listings in this community. You can contact them directly at 636-447-3300 for information about current pricing and homes available.

 

If you live on Tree Top Drive you will need to contact the Francis Howell School District to determine if your subdivision is located within their school district. Boundaries for school districts can change so you will want to determine which district you are in before purchasing a home if schools are important to you. Their main website page can be accessed at fhsdschools.org.

 

Before moving into any subdivision, you will also want to be aware of any potential dangers that may exist including any registered sex offenders. You can determine if this subdivision is at risk by visiting the Missouri State Highway Patrol Registry on line at the following link: SEX OFFENDER REGISTRY

 

SEE SLIDE SHOW of SUBDIVISION