All Posts Tagged With: "discount"
Foreclosure Discount Gets Bigger & Bigger
Buy low and sell high is a traditional real estate investing strategy and with good reason: Unlike the stock market you can’t sell homes short and make a dime. Thus it makes considerable sense to buy property at the lowest possible price and that brings us to RealtyTrac’s foreclosure report for the second quarter: “The [...]
26Aug2011 | Peter G. Miller | 1 comment | Continued
Foreclosed Homes for Less Than $100,000
The latest quarterly figures are in and it’s not great news on the real estate front: According to RealtyTrac, distressed real estate accounts for 28 percent of all existing home sales in the first quarter. No less important, the typical foreclosure discount was 27 percent lower than homes not in foreclosure. Combine falling home prices [...]
27May2011 | Peter G. Miller | 1 comment | Continued
Foreclosure Discount — 26% Nationwide
A new report from RealtyTrac shows that foreclosure buyers who purchased in the second quarter typically received a 26 percent discount. Other discounts could be had with distressed properties and REOs — real estate owned by lenders. For distressed properties the typical pre-foreclosure discount was 12.97 percent while REO buyers were able to save 34.54 [...]
30Sep2010 | Peter G. Miller | 0 comments | Continued
How Can We Slash Mortgage Insurance Costs?
Private mortgage insurance companies are the private-sector equivalent of the VA and FHA. Such insurance allows individuals to borrow with little down — but only if they pay a premium for such coverage. How It Works Some important points about private mortgage insurance (MI) include: MI companies are state regulated, not federally regulated. State regulation [...]
26Apr2010 | Peter G. Miller | 0 comments | Continued
Who Pays Foreclosure Closing Costs?
To figure out who will pay foreclosure closing costs you first have to ask about the foreclosure discount in your area. In basic terms the foreclosure discount is the difference between the value of a home today and the value of a similar, but foreclosed or distressed, property. In many markets there has traditionally been [...]
12Feb2010 | Peter G. Miller | 0 comments | Continued
Sellers Drop Prices By $27.4 billion
Foreclosures are impacting the marketplace and even the homes of the rich are going for less these days. A new study by Trulia says that 23.6 percent of current homes on the market have had at least one price cut and that the reductions are valued at $27.4 billion. The company says “the average price-reduced [...]
8Jun2009 | Peter G. Miller | 0 comments | Continued
How To Buy 200 Foreclosures A Year
For many people it’s not the best time to be in real estate. Markets have slowed or declined in most local areas and financing is tougher to get than a year ago. Chicago’s Joseph Varan is also cutting back — this year he expects to buy no more than 200 homes. Varan is the president [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
10 Steps To Sell Your Home More Quickly In Stalled Markets
During the past year many markets have stalled if not declined. Still, if you’re an owner you want to maximize your profits whether the market is up, down or sideways. What to do? If you’re a seller there are 10 negotiating steps you can take to make sure your home has the best chance for [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Should You Expect Less Hiring A Real Estate Broker?
There’s little doubt that one of the hottest topics in the world of real estate regulation concerns the matter of minimum service requirements for brokers: Do they protect the public or are they simply a way to hold down competition from low-priced firms and new business models? During the past few years many states have [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
What To Do In A Falling Real Estate Market
The seller was at wit’s end, a not unreasonable location given that the asking price for her beloved abode had fallen by $100,000 and further reductions loomed ahead. The house in question is well-located and beautifully prepared, but the local marketplace has begun to ease. The vast and predictable price increases of the past few [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
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