Best answer:

Answer by chatsplas@sbcglobal.net
Right now it’s a horrible career choice, but by the time you’re ready, who knows. You need to be disciplined, to save money rather than spending everything you have. You don’t get regular weekly paychecks, only when you sell a house. So you need a budget and need to stick to it. You need to track your expenses because you are an independent contractor, and your file as self-employed in income taxes.

What do you think? Answer below!

Best answer:

Answer by Holly R
Have a pre-approval (financing) letter in hand and submit it (or a cash offer). Also, you may offer to purchase it in “as is” condition. This will limit the inspection etc….the inspections in this area have gotten out of control and have really complicated sales lately. That may be one way to go.

Know better? Leave your own answer in the comments!

Baby boomers, baby boomers, baby boomers; we all hear this term over and over again. So who are the baby boomers? Baby boomers are people in the United States who were born between 1946 and 1964. Approximately 78.2 million people fall into this category.

As a group, baby boomers comprise the largest population cohort in the history of the United States. The size of the group gives it vast influence over American politics, popular cultural, and of course, real estate. To evaluate the influence of the baby boomers on the future of real estate, the National Association of Realtors (NAR) conducted a study in 2006. The findings of the research were published in report entitled Baby Boomers and Real Estate: Today and Tomorrow. Below are some highlights from the NAR study.

AGE DISTRBUTION

According to the NAR report, baby boomers now range in age from 42 to 60 years old. The typical baby boomer is 50 years old, and the oldest of the baby boomers turned 60 in 2006. About 46% of baby boomers are in their 40s, and about 25% are at least 55 years old.

HOUSEHOLD INCOME

As a group, baby boomers are in their peak earning years. In 2005, baby boomers had a household income of ,700, and about 25% them had a household income of at least 0,000 per year.

HOME OWNERSHIP

About 78% of baby boomers own a home, which is higher than the national ownership rate of 69%. About 96% of baby boomers believe that home ownership is a good financial investment.

FUTURE REAL ESTATE PURCHASES

About 10%, or 7.8 million of all baby boomers, said they were likely to purchase additional real estate in the next 12 months. Of these potential buyers, two-thirds were planning on buying a primary residence, 26% want to buy land, 19% want rental property, 15% want a vacation home or seasonal home, and 14% want a commercial property.

WHAT FEATURES ATTRACT BOOMERS

When baby boomers were asked about what features are most important to them, 38% wanted a lower cost of living, 38% wanted to be near family, 38% wanted easy access to quality health care, 37% wanted a better climate, and 36% wanted to be near a body of water.

PREFERRED COMMUNITY AMENITIES

When baby boomers were asked about the type of community amenities that interest them most, about 18% wanted to be near cultural offerings, 9% wanted to be closer to their family, 4% wanted to be on a golf course, and 3% wanted easy access to educational facilities.

WHERE DO BOOMERS WANT TO RETIRE

When baby boomers were asked about where they want to retire, 33% of them want to retire in a rural area, 30% in a small town, 25% in a suburban area, and only 12% in an urban community.

BOOMERS AND THEIR REAL ESTATE AGENTS

Baby boomers consistently use the services of a real estate agent. Approximately 60% of homebuyers and 79% of home sellers used a real estate agent in their last transaction.

SUMMARY

The baby boomers have had and will continue to have a significant impact on the real estate market. As the boomers near retirement, they continue to value real estate and will continue to invest in properties and land. Real estate agents would be well served to understand what baby boomers want in terms of their real estate investments, and design strategies that target the needs of this enormous population cohort. For more information, read the NAR report entitled, Baby Boomers and Real Estate: Today and Tomorrow

Despite a recent slowdown, the U.S. real estate market continues to be a popular investment destination for foreign investors. Attracted by a desirable return on investment, many foreign nations continue to invest heavily in the U.S. residential and commercial real estate markets. In fact, in 2005, foreign investment in U.S. real estate reached 1.83 trillion.

To evaluate the impact of foreign investment on the U.S. real estate market, the National Association of Realtors (NAR) produced a 2006 report entitled ‘Foreign Investment in U.S. Real Estate: Current Trends and Historical Perspective.’ The report provides insights into the trends in foreign real estate investment, its impact on the U.S. economy, and the major countries that participate in U.S. real estate investment. Below are some highlights from the NAR report.

According to the U.S. Department of Commerce, the top seven countries that had significant holdings in U.S. real estate as of 2005 were:

Germany – 13 %
Latin America – 13 %
Australia – 11 %
Japan -10 %
United Kingdom – 10 %
Canada – 6 %
Netherlands – 6 %

The U.S. economy is wide open to foreign investors. Both investors and Americans significantly benefit from all this foreign investment. The NAR study estimates that without foreign investments in the securities market, the long-term lending rates would be four percentage points higher than the current rate, which would adversely impact the U.S. real estate market.

Foreign direct investment into the U.S. not only creates more jobs but also contributes to the demand for U.S. real estate. In fact, foreign investment may be responsible for creating two million U.S. jobs by the end of 2006, which further bolsters the demand for U.S. real estate.

Permanent and temporary immigration of foreign-born workers into the U.S. further bolsters the demand for real estate. According to the Joint Center for Housing Studies at Harvard University, 1.2 million net immigrants are expected to arrive in the United States annually. This immigration pattern is expected to offset the decrease in housing demand by post baby-boomer generations.

In summary, the impact of foreign investment and immigration into the U.S. will continue to play a major role in the U.S. real estate market.

Deer velvet antler, as the name indicates, is a product obtained from velvety antlers of various species of deer like red deer, elks, etc. Antlers are boney horn-like projections that grow every year from pedicles present on the head of the animal. Deer velvet has been used traditionally for thousands of years in oriental countries like China for its unique healing qualities and its great effects on the human body. It is known to be among the most potent animal-based cures in the Chinese branch of traditional medicine.

New Zealand, with its pristine natural environment, is one of the primary producers of deer antler velvet in the world.  There stags are specially raised on farms where a favourable climate and good feeding provide optimal conditions for growth. During spring, the antler velvet begins to grow on the animal and grows rapidly each day. It is removed from the animal through careful procedures, which are performed by vets or trained farmers, using anesthesia. The velvet is removed while still in its pre-calcified form. It is then dried or frozen and, powdered before being marketed in various forms for consumption. As heating leads to destruction or decrease in the nutritional value of the product, modern nonheat methods like freeze-drying are gaining popularity because of their ability to preserve the bio-active components.

Deer velvet has many known uses, many of which have also been proven scientifically. It enhances the function of our immune system, supports the body’s natural regulation of hemoglobin in anemic patients, maintains women’s health, has anti-ageing properties and increases life-span. It is especially beneficial in relief of joint pains and improves joint flexibility. It is also known to be an aphrodisiac and have strong wound healing characteristics. It has the power to heal persistent wounds by supporting the growth of blood vessels. It helps reinstate normal body functions and gives mental and physical strength to the body.

Athletes also use deer velvet extract as a nutritional supplement to improve strength and performance. It helps them in fine joint mobility, to retain muscle power, improve aerobic capacity and to endure climatic extremes. There have been recorded instances of athletes and sportsmen benefiting from velvet antler. If consumed during weight training and body-building, deer velvet acts as a substitute natural supplement. It has been found that the antler velvet contains high levels of some exceptional components, like collagen, calcium, phosphorus, magnesium, protein lipids, amino & fatty acids, polysaccharides, and many more minerals.

The west has realized the unique powers of this 2000-year old natural dietary supplement as a remedy for a number of problems related to the human body. It is being more widely used than ever before because of the trying lifestyle demands of the present times. Also, more and more people are getting away from harsh allopathic remedies and veering toward alternative branches of holistic cures, backed by scientific research.

Deer velvet antler is made easily available to consumers in the shape of various medicinal products. You can find it in the form of tablets, capsules, powders, teas, extracts, or even slices. It can well be referred to as the secret of good health and staying young.

Government tax foreclosure for sale homes draw the attention of many investors, these properties are often beautiful homes and very affordable. The reason why they are so affordable is that the Government has so many of them on their inventories, they are also responsible for paying taxes on these properties and in order to escape from this, they allow them to go on sale at prices whereby they will be purchased.

For anyone wanting to settle down in a new home, or purchase a vacation home, it is possible to purchase foreclosure sale homes. In fact in the US presently we are seeing more foreclosure properties being purchased than any other kind of real estate purchase. Investing money in Government tax foreclosures for sale is a way to make good returns on investment or find the dream home you have always wanted.

Using the services of a reliable listing company is one way of finding just the right foreclosure for sale home. These services have access to many resources that we as lay people do not have. It is also convenient as all you have to do is provide your budget and criteria to the listing service and they will short list the homes available on your behalf. This saves trips to the county courthouse and wading through thousands upon thousands of properties to find the right one. Government tax foreclosures for sale may also be found in real estate magazines and newspapers. This also applies to bank and other lender foreclosure sales.

Government tax foreclosure for sale homes have been taken back from the homeowner by the Government due to their failure to pay taxes. It is a sad fact of life, but we are all required to pay our due taxes to the Government. I say sad because no-one enjoys paying tax, but the consequences involved if we don’t are pretty horrendous. Just looking at how many Government tax foreclosures for sale homes are on the market is indicative of this. I can’t recall who said this but one famous quote says “there are only two certainties in this life, death and paying taxes”. This is very true!

Any foreclosures for sale should be inspected by a prospective investor, this is not easily done in the pre-foreclosure phase, but I wouldn’t advise anyone without experience to purchase during pre-foreclosure. This is a complex process, compounded by one difficulty after another. With properties that have already been foreclosed, generally all debts, liens and bonds over the property have been met and the property is ready to go.

Inspection of Government foreclosures for sale allows the investor to correctly formulate an offer to purchase. Items such as the repairs required, any outstanding debts etcetera have to be deducted from the asking price. This can mean some considerable savings for the investor who is handy with DIY, or resources to discounted home repairs. These items allow the investor to negotiate the asking price and land a safe investment deal.

Best answer:

Answer by spot
Every state has different requirements. You really should check with the Department of Real Estate in your state. I know a real estate attorney in CA who just went and took broker’s exam without going to classes. I suppose other states have similar exemptions.

What do you think? Answer below!

Short sales homes can be a saving grace for borrowers facing foreclosure. The process involves selling the property short of what is owed on the mortgage note. When borrowers become delinquent with their payments and do not possess the financial means to become current, some lenders will grant short sale approval to prevent the property from falling into foreclosure.

Short sales homes are sold below the appraised value and proceeds are used to satisfy the debt. Obtaining short sale approval requires borrowers to undergo a financial audit through their mortgage lender and locate a qualified buyer to purchase the property.

Borrowers must work with an assigned loss mitigator. This individual is generally employed by the bank to develop a plan to either cure mortgage arrearages and help borrowers become current with payments, or short sell the property within a specific timeframe.

Not all mortgage lenders offer short sales, nor do all homeowners or properties qualify for approval. Those who do offer the option of short selling handle the process according to their established protocol.

Unfortunately, there is no one-size-fits-all strategy for negotiating with lenders to obtain short sale approval. However, borrowers who have accrued equity in their property or those who own valuable assets which could be used to repay the note cannot apply for mortgage short sales. The only way to know if properties qualify for short sale approval is to contact their lender.

Short sales are usually handled through the bank’s loss mitigation department. When borrowers become delinquent on their mortgage loan their account is turned over to a loss mitigator. This person acts as a mediator between the borrower and lender. Mitigators do not make final decisions, but can offer guidance and advice throughout the process.

The first step of the short sale process involves submitting a packet of financial documents. Similar to an IRS audit, loss mitigators carefully review borrowers’ financial status to determine if they are financially insolvent or possess assets which could be used to repay the loan.

Borrowers are usually required to submit payroll documentation, previous years’ tax returns, list of income and expenses, property tax and homeowners’ insurance premiums, credit card and banking statements, and various other documents.

Many mortgage lenders require borrowers to have a buyer in place before discussing the option of short selling property. If so, a copy of the sales contract must be provided to the lender. Other banks allow borrowers time to list their property through a realtor and grant two to three months to locate a buyer. The borrower must then submit a copy of the listing agreement to the bank. If a buyer cannot be located by the deadline, lenders commence with foreclosure proceedings.

If you are facing foreclosure and need to sell your house quickly to satisfy a short sale agreement, consider seeking out private real estate investors. Many investors are attracted to distressed properties because they are sold below market value and make good investment properties; particularly for investors who engage in house flipping.

Many investors buy homes with cash in order to expedite the deal and increase their power of negotiation. Locating an investor who purchases properties with cash can improve borrowers’ chance of obtaining short sale approval.

Borrowers should take time to become educated about the process of short selling their home and weigh the pros of cons of this decision. As they say, knowledge is power. The more you know, the better your chances of obtaining a successful outcome.

There are some myths about real estate agents, many of which are not so flattering. But when it comes down to it, real estate agents are not too out there, and there is a logical explanation to each misconception. Let’s straighten out a couple myths and facts.

Myth #1: They have big hair.

Fact: Though occasionally real estate agents do have big hair, most are regular people who get up in the morning just like you do, and go to work just like you do. Many real estate agents, in fact, are going bald due to stress related hair loss. Same with the fancy dagger-shaped manicures; in actuality, many real estate agents have bitten their nails down to nubs.

Myth #2: Real Estate Agents drive luxury cars while talking on their cell phones.

Fact: Itâ??s true that real estate agents are often trying to do too many things at once, but they like to be careful about it. And though real estate agents would like to make a good impression on you, more often than not they drive Hondas and Toyotas and hope that their hard work will sell you, not their Lexus.

Myth #3: Real Estate Agents know your area.

Fact: Just like normal people, real estate agents canâ??t know everything. Though they do spend a lot of time driving around town, they canâ??t be in all places at once, and they themselves probably have preferences for one neighborhood versus another. Make it clear to your realtor what kind of area you want to live in, and they can help you look within that section of town.

Myth #4: Real Estate Agents live outside of time.

Fact: Real estate agents have lives too, and those lives happen to take place in the same physical realm as yours does. While it might seem like they spend a strangely disproportionate chunk of time speaking with you, they are actually trying to be as time-conscious as possible, so that you can move more quickly into your home and they can move more quickly to helping their next client.

Myth #5: Real Estate Agents just want your money.

Fact: What real estate agents actually want is an easy life. They want to help you find a home you love, and they want to make their (often small) bit of commission off of it (and thatâ??s off the sale, not out of your pocket). They do not want your soul or your firstborn, just some patience, consideration, and a positive home-buying experience for all.

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