Nationwide Home Mortgage Loan Company

National home sales rose 2.9% in February giving hope to the nationwide slump in house sales. Savvy home buyers are beginning to realize that one man’s misfortune can be another man’s fortune. Foreclosed homes are the main force driving this welcome birth in new home sales. Some markets like Las Vegas are reporting that foreclosed homes make up as much as 40% of reported sales in the real estate market. (more…)

Lets Face it, real estate agents earn huge commissions, this raises the question “why should I hire a Realtor instead of FSBO “? The truth is , their help is not legally required, although most homebuyers want an agent or realtor to help them. So the question is, why hire a buyers agent for real estate? Are your interests being well represented? What should you look for in a home — or a neighborhood? What about condos and co-ops? (more…)

1. “Your open house is really a party for me.”

Hire a real estate broker to sell your home and one of the first things he’ll likely suggest is hosting an open house, so potential buyers can casually check out your property on a weekend afternoon. While open houses are promoted as a great way of finding a buyer, a National Association of Realtors study found that their success rate is a mere 2%.

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Et Tu, Brute? Why has FHA chosen to eliminate first time home buyer programs during the largest stagnation of home sells on record? Few people realize that the sole purpose of the Federal Housing Authority (FHA), when it was initially created in 1934, is to insure lenders and to promote home sales. Before FHA, first time home buyers would have to live with Mom and Dad until they saved up a 20% down payment on their first home.

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One of the first things you must do when you’re beginning a new home search is to choose the area where you want to live. Choosing between a smaller home in a more affluent area, a bigger home in a more working-class neighborhood, or building new is not always an easy decision. If you’re in this situation, start by examining your priorities and asking yourself the following questions…

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