By doing homework in advance, you’ll understand what you’re asked to sign when you close the sale of your home. Read
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Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®
When you buy a fixer-upper house, you can save a ton of money, or get yourself in a financial fix. Read
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Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®
Wondering if your home values high enough for you to sell? So is most of the United States. Will you make any money when you sell? Will you be able to find a home after you sell? We all need shelter…..
Check out this Data about the Housing Market and consult your REALTOR to see if you can market your home at a price to earn you a profit. If your agent is not willing to list your house to test this Real Estate Market we are in, contact us! We will list your house, test the market and provide feedback to you about the interest in your home. If you want to reduce the sales price we will work with you to analysis the data and sell your home. If you don’t get the price you are asking for – that’s ok, we are here to assist you in your home sale and are willing to work with you through the process.
Attached is the HOME PRICE INDEX (HPI) as of March 2013. Feel free to call, text or email us with your questions. We are in this business to provide service to consumers and help you with your needs. Home Price Index March 2013
Ramp up your curb appeal with cool landscaping projects you can easily pull off in a weekend. Read
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Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®
Building a new home lets you personalize your house for today’s needs and tomorrow’s dreams. Here’s how to plan your new home for future needs. Read
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Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®
If you think you owe more than your home is worth, how can you be sure?
Approximately 1.2 million homes were in some stage of foreclosure in the U.S., known as the
foreclosure inventory, as of February 2013 compared to 1.5 million in February 2012, a
decrease of 21 percent. The foreclosure inventory as of February 2013 represented 2.8 percent
of all homes with a mortgage compared to 3.5 percent in February 2012. This was the 16th
consecutive month with a year-over-year decline. Month over month, the foreclosure inventory
was down 1.8 percent from January 2013 to February 2013.
Click to the link below to read more!
Davis Team | Southern Classic Realtors | www.DavisRE.net
Call or Text 770-833-5965 for information on FREE Buyer Representation (FREE FOR HOME BUYERS!)
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Guaranteed Housing Loans
Eligibility: Applicants for loans may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories.
Approved lenders under the Single Family Housing Guaranteed Loan program include:
Any State housing agency; Lenders approved by: HUD for submission of applications for Federal Housing Mortgage Insurance or as an issuer of Ginnie Mae mortgage backed securities; the U.S. Veterans Administration as a qualified mortgagee; Fannie Mae for participation in family mortgage loans; Freddie Mac for participation in family mortgage loans; Any FCS (Farm Credit System) institution with direct lending authority; Any lender participating in other USDA Rural Development and/or Farm Service Agency guaranteed loan programs.
Terms: Loans are for 30 years. The promissory note interest rate is set by the lender. There is no required down payment. The lender must also determine repayment feasibility, using ratios of repayment (gross) income to PITI and to total family debt.
Standards: Under the Section 502 program, housing must be modest in size, design, and cost. Houses constructed, purchased, or rehabilitated must meet the voluntary national model building code adopted by the state and HCFP thermal and site standards. New Manufactured housing must be permanently installed and meet the HUD Manufactured Housing Construction and Safety Standards and HCFP thermal and site standards. Existing manufactured housing will not be guaranteed unless it is already financed with an HCFP direct or guaranteed loan or it is Real Estate Owned (REO) formerly secured by an HCFP direct or guaranteed loan.
Basic Instruction: 7 CFR Part 1980
For more information about this program, or to file an application, contact the local Rural Development office in your area.
Additional Information about the Guaranteed Loan Program
National Association of Realtors Lawrence Yun shares information about the pending sales, homes currently under contract, are increasing again. We need more inventory on the market – it is very possible that your home has enough value to sell as a resale in today’s market. Contact us today for a FREE Home Evaluation Report to see if you can sell!