SunLakes of AZ Blog

Using Open Source for work and play

November 2020

You're reading the: Real Estate column.

Joan’s Real Estate Corner… 1 Million Foreclosures Delayed Until 2012

by Joan Byrnes for Real Estate

Syndicated from Daily Real Estate News | July 14, 2011 |

An estimated 1 million foreclosure-related notices for defaults, auctions, and home repossessions that should be filed by lenders this year will be pushed back until next year, according to the latest report by RealtyTrac.

While the delays could give home owners more time to catch up on their payments and try to avoid foreclosure, housing experts warn this means the looming shadow inventory of distressed properties likely will continue to plague the real estate market even longer.
Read the rest of this entry »

No Comments
Add Your Thoughts

Joan’s Real Estate Corner… Moving Advice: Happy Pets

by Joan Byrnes for Real Estate

Transitioning to a new home and routine can be difficult for many pets. The stress and worry can cause out of character behavior, as well as lowered immune responses.

In order to ease your pets into a move, it’s important to consider what makes them feel safe, secure, and stable.

First, if you are moving out of the area, be sure that your pet is current on all of their vaccines and treatments. Refill any prescriptions and consider microchipping your pet, as moves are a common time that pets become lost.
Read the rest of this entry »

No Comments
Add Your Thoughts

Joan’s Real Estate Corner… Should I Accept This Offer?

by Joan Byrnes for Real Estate

Today’s market can be a difficult one for many sellers to navigate. And while your real estate agent can advise you, the ultimate decision of what offer to accept is entirely up to you.

This decision can come with quite a bit of pressure. Even in the most favorable of markets this can be a difficult time. How do you know when to accept an offer?

Here are some questions to consider. 
Read the rest of this entry »

No Comments
Add Your Thoughts

Keep Your Energy Bill Low While Selling Your Home

by Joan Byrnes for Real Estate

Joan’s Real Estate Corner…

Whether you are moving into a new home, getting ready to sell yours or a vacant home, keeping energy costs down is desirable to both buyers and sellers.  Even though there are many energy-efficient options these days, there are a growing number of energy-suckers.

You might be surprised to learn just how much that beautiful water feature costs to keep it running 24/7 year-round. Depending on where you live and the wattage needed, that fountain could cost an extra $30 per month.
Read the rest of this entry »

No Comments
Add Your Thoughts

Value in Homeownership

by Joan Byrnes for Real Estate

Joan’s Real Estate Corner…  Value in Homeownership

Is there value in owning a home? The recently released 2010 National Association of REALTORS® Profile of Home Buyers and Sellers bring us some promising results. Today homeowners are living in their homes longer, and after several years of price declines, are seeing rises in home equity gains.

It was only earlier this decade that so many buyers jumped on the investment bandwagon. They bought and sold within incredibly short time frames, and walked away with profits. But as the booms busted, many sellers found they had bought at the top of the market and as prices corrected, they lost more than just dollars. Foreclosure rates skyrocketed. Historically, however, homeownership is a long term investment, and one that brings many rewards.
Read the rest of this entry »

No Comments
Comments Off on Value in Homeownership

Joan’s Real Estate Corner…

by Joan Byrnes for Real Estate

Seniors Only: Surviving the Economic Crisis with a Reverse Mortgage

In the midst of the current credit crunch, we tend to overlook the financial needs of senior homeowners, especially those who own their homes free and clear or are pretty close to being debt free. However, these homeowners often experience their own credit crisis – having loads of equity locked up in their homes and not being able to get at it. President Obama’s plan is not designed to bail them out, and many don’t qualify for refinancing to cash out some or all of their equity.

Fortunately, homeowners 62 years and older can often bail themselves out of financial trouble with a reverse mortgage. With a reverse mortgage, the homeowners have no monthly mortgage payment. Instead, the “lender” makes payments to the homeowner out of the equity in the home. The payment plan can be in any of the following forms:
Read the rest of this entry »

No Comments
Comments Off on Joan’s Real Estate Corner…

Features

Columns

main navigation