Buy a Home NY before interest rates increase

We’ve discussed what an incredible week it has been, and for so many reasons. We have talked about the ramifications of the August 2011 stock market ‘correction.’ We have bandied about the idea that maybe, when it comes to long-term investing, real estate is the true path to riches and wealth (it has always been that, for me)…But now, folks, it is time to get down to brass tacks and explain to you in better detail why it is, right now, the best time to buy a home ny.

When the S&P caused mass upheaval by lowering the credit rating of the United States government, there was immediate and palpable concern that could be felt coming from every sector. The concern (well, no, the reality) is that the amended credit rating will lead to rising interest rates for anyone who happens to be borrowing money – and for any reason.

Interest rates will rise for those using credit cards, and interest rates will also rise –perhaps a bit more drastically – for those borrowing money on a mortgage. Currently the average monthly 30-year fixed mortgage interest rate has been holding steadily below 5%. But, when the rates increase (and they will as a result of the lowered US credit rating) –even if they increase only one point –it will mean a sharp rise in the average monthly mortgage payment.

What I am saying, folks, is that in the messy aftermath of the 2011 stock market plunge, one thing is crystal clear: If you have any intent to Buy a Home NY in the next ten years, then RIGHT NOW is the time to move, while the interest rates are still at historic lows.

Smart investors who buy now will have the luxury of keeping their fixed mortgage rate while everyone else looking to buy, down the road, will be dealing with interest rates that are, due to the events of this week, substantially higher.

As someone who has been involved in over 12,000 real estate transactions, I can say without a doubt that right now is the time to move. If you have wanted to buy a home ny, but have been on the fence; then the events of this past week should be the ultimate and motivating factor that gets you off the fence and into the market.

Why?

Because when it comes to your mortgage, there is a fairly stiff difference between a fixed rate of under 5% and a fixed rate of more than 6%. The difference could be several hundred dollars, which, these days, is no small amount. With so many home owners struggling to make mortgage payments and who have little hope of selling to recoup (not to mention the failed economy and the sprawling unemployment), the fact is that the amount you pay toward your mortgage is one of the (if not the most) important factors regarding your financial status. Straight up.

So, remember, take it from a real estate guru who, over the years, has helped more than 11,700 families. Learn from the events taking place around us. If you foresee yourself buying a home in NY anytime over the next ten or twelve years, then do yourself a favor and go out and start looking – buy a home ny right now, before interest rates creep up!

Buy a Home NY before interest rates increase

We’ve discussed what an incredible week it has been, and for so many reasons. We have talked about the ramifications of the August 2011 stock market ‘correction.’ We have bandied about the idea that maybe, when it comes to long-term investing, real estate is the true path to riches and wealth (it has always been that, for me)…But now, folks, it is time to get down to brass tacks and explain to you in better detail why it is, right now, the best time to buy a home ny.

When the S&P caused mass upheaval by lowering the credit rating of the United States government, there was immediate and palpable concern that could be felt coming from every sector. The concern (well, no, the reality) is that the amended credit rating will lead to rising interest rates for anyone who happens to be borrowing money – and for any reason.

Interest rates will rise for those using credit cards, and interest rates will also rise –perhaps a bit more drastically – for those borrowing money on a mortgage. Currently the average monthly 30-year fixed mortgage interest rate has been holding steadily below 5%. But, when the rates increase (and they will as a result of the lowered US credit rating) –even if they increase only one point –it will mean a sharp rise in the average monthly mortgage payment.

What I am saying, folks, is that in the messy aftermath of the 2011 stock market plunge, one thing is crystal clear: If you have any intent to Buy a Home NY in the next ten years, then RIGHT NOW is the time to move, while the interest rates are still at historic lows.

Smart investors who buy now will have the luxury of keeping their fixed mortgage rate while everyone else looking to buy, down the road, will be dealing with interest rates that are, due to the events of this week, substantially higher.

As someone who has been involved in over 12,000 real estate transactions, I can say without a doubt that right now is the time to move. If you have wanted to buy a home ny, but have been on the fence; then the events of this past week should be the ultimate and motivating factor that gets you off the fence and into the market.

Why?

Because when it comes to your mortgage, there is a fairly stiff difference between a fixed rate of under 5% and a fixed rate of more than 6%. The difference could be several hundred dollars, which, these days, is no small amount. With so many home owners struggling to make mortgage payments and who have little hope of selling to recoup (not to mention the failed economy and the sprawling unemployment), the fact is that the amount you pay toward your mortgage is one of the (if not the most) important factors regarding your financial status. Straight up.

So, remember, take it from a real estate guru who, over the years, has helped more than 11,700 families. Learn from the events taking place around us. If you foresee yourself buying a home in NY anytime over the next ten or twelve years, then do yourself a favor and go out and start looking – buy a home ny right now, before interest rates creep up!

We can learn a lot just by Googling the words foreclosed homes ny

If you are reading this, then you are sitting in front of your computer, and you are also likely experiencing some financial hardship. The first thing you need to do is pretty simple. Just relax. Everything is going to be alright. You make things worse with worry…I have the ability to help you, no matter what your particular hardship happens to be, but you need to let me help you. Firstly, I would like you to take a minute, and type the words “foreclosed homes ny” into the Google search bar.

You will notice that when you type in “foreclosed homes ny” there are 1,740,000 results that appear in just over a fraction of a second.

There are a few things we can learn from this simple Google search of “foreclosed homes ny.” The first thing to understand is that, if you are indeed a home owner who happens to be struggling financially, you are not alone. Nearly two million returned results for the term “foreclosed homes ny” just goes to prove that there are a tremendous amount of people out there – right now, today – who are in the same position as you.

Even if you are struggling to make your mortgage payments; even if you have little hope of recouping your losses by selling your house – it is important to not get down in the dumps, because that limits your ability to assess a situation with a clear head and take corrective action. Rule No. 1 is, therefore, to Cut Yourself Some Slack.

The second thing we can learn from a simple Google search of the term “foreclosed homes ny” has to do with the crucial need for speed. A noteworthy fact about our Google search for “foreclosed homes ny” is the fact that our 1,740,000 results were displayed within a time period of 0.14 seconds – which is truly unbelievable.

If you are a home owner experiencing financial difficulties, it is important to learn something from our “foreclosed homes ny” Google search. It is that, right now, in the current socio-economic climate, there is a need for speed. Google understands that. Service providers understand that. The whole world understands that. Tasks must be accomplished quickly, without hesitation, because hesitation is the seed of defeat!

Therefore, if you are a home owner who cannot make payments, and who is perhaps struggling mightily to sell a house fast in Suffolk County, then you need to understand the need for speed, as well. Rule No. 2 that we can learn from our Google search of “foreclosed homes ny” is, therefore: Speed is Good.

Your 30-year mortgage essentially calls for 30-years-worth of job security. Does anyone really have that anymore? Can anyone really feel secure in their mortgage?

The point is that things are not going to get better anytime soon. Those who are able to cut their losses a bit are those who are ready and willing to act fast. If you are struggling to make your mortgage payments and you have little if any hope of being able to sell a house in Long Island, then your best bet is truly to move decisively and with speed.

Call me to help you go through your options (and, despite what you think, you do have options). I can help you get value out of your home and start over with a clean slate. Once you have been able to downsize your expenses, you can always come back into the market down the road. And when you do, you’ll be coming back into a market in which you know (better than anyone else) exactly what kind of real value you can get…

The term “Foreclosed homes ny” does not have to be the name a sad song that causes heartbreak to home owners struggling to sell a home in New York…You can learn from everything around you, if you are paying attention….

No certificate, no problem. Go for the buy

Certificates of occupancy are documents that show you that the house is livable, has had recent renovations, and is ready to be purchased or sold. Sometimes, sellers do not have these documents or they don’t have them on hand. Should you buy a home, anyway?

Yes, go for it.

Just because they do not have the document, does not necessarily mean you should not buy a home ny. This is also advantageous if you are a seller. Sell your house fast if you feel the burden of debt on your shoulders.

Soft market. Soft criteria.

In today’s soft market, people will strive much more to sell a house. Some local governments require you to obtain a certificate of occupancy before they sell or buy a home ny. Some people do not meet the requirements to obtain a certificate of occupancy in order to sell a house, especially to sell a house fast. Most attorneys will tell you to make sure the seller has a certificate; however, if you play your cards right, you can buy a home ny without being nervous about whether you fell into a money pit house. Sometimes, all a certificate of occupancy shows is that the house has been checked by the local government, which sometimes has very strict policies. If the house does have significant problems, make a counter-offer to get the lowest possible price—preferably with cash even if you don’t have a lot of it on hand.

No certificate, no problem. Go for the buy

Certificates of occupancy are documents that show you that the house is livable, has had recent renovations, and is ready to be purchased or sold. Sometimes, sellers do not have these documents or they don’t have them on hand. Should you buy a home, anyway?

Yes, go for it.

Just because they do not have the document, does not necessarily mean you should not buy a home ny. This is also advantageous if you are a seller. Sell your house fast if you feel the burden of debt on your shoulders.

Soft market. Soft criteria.

In today’s soft market, people will strive much more to sell a house. Some local governments require you to obtain a certificate of occupancy before they sell or buy a home ny. Some people do not meet the requirements to obtain a certificate of occupancy in order to sell a house, especially to sell a house fast. Most attorneys will tell you to make sure the seller has a certificate; however, if you play your cards right, you can buy a home ny without being nervous about whether you fell into a money pit house. Sometimes, all a certificate of occupancy shows is that the house has been checked by the local government, which sometimes has very strict policies. If the house does have significant problems, make a counter-offer to get the lowest possible price—preferably with cash even if you don’t have a lot of it on hand.

Earn Up to $500 for 5 minutes of your time?

Times are tough. Just Look around. Unemployment is inching toward double digits, and everyone these days is looking for a way to EARN some FAST CASH.

               Vacant Ugly House Contest

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What’s the catch you may be asking? No catch. Our company Max Returns wants to GIVE everyone a chance to win this money as a way of saying thank you for making us New York's #1 ugly House Buyer.

Here is all you need to do to win. Drive down any road where you live. Take a picture of as MANY ugly vacant houses you can find. Any area, and condition.

Then, enter to win the cash by going to Max returns REI contest page enter your info, upload the photo(s) , put the street address # city and state in the title bar when you upload the picture.

I shot a quick 2 minute video for you regarding the process. Go to our Facebook Page

for details. But Hurry this contest ends soon, so click here now to get started Vacant Ugly House Contest

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Real Estate Owned (REO) Properties and Instant Equity

Buying a home to live in is probably the biggest investment of a person. Everybody wants to get a bargain when buying a home. In the current real estate market when the value of real estate properties is declining, people find it difficult to Buy a House at discounted price. There are home buyers who ask me questions like if it is possible in the current real estate market to get a property with some equity in it. So, in this article, I would like to answer this question in detail and give you another useful Home buying tip.

There are few different ways if you want to Buy a Home with instant equity. The best way of course is to go for foreclosed properties and more appropriately REO or Real Estate Owned ones. REO properties are properties that are owned by a lender after they have gone through an unsuccessful sale at some foreclosure auction. The lender is usually a bank. These properties are held by banks and their prime importance is to sell them as soon as possible. So, there are always chances for the home buyers to get a discounted property when they go for these REO properties. They can buy these homes to live in or as real estate investment properties below market value. This is the tip for home buyers.

One of the other ways to get instant equity is to go for properties with short sale. Let me explain that with an example. If you have a client that is selling a house and he owes $200,000 whereas the house is worth $150,000, then there is a chance that bank lets you buy this house in $130,000 - $ 135000. In this way you will get an instant equity of $15000- $ 20,000. In most cases these short sales won’t need as much work as the REO’s, however the time it takes to close on a short sale is considerably longer than that of an REO.

The other thing to get an instant equity is to look for some Real Estate Owned properties as I have explained above. However, with the REO market you have to know that you are going to be putting a little sweat equity in. You might have to paint the place up. You might have to put some new floors in and update the kitchen.  But in those cases with REOs, you can almost guarantee that you are going to be getting yourself a good deal if you negotiate properly. 

However, before you bid on the deal you need to know whether the property you want to buy has any violations pending against it.

If you want to get free access to REO’s here in New York head over to http://www.maxreturnsrei.com/buy-sell-homes/ or gives us a Call at 1-800-793-5015 x 702 and one of our knowledgeable buying coaches will help answer your questions.

In my next article, I will come up with some more Home Buying Tips to guide you How to Buy a House.