Browsing: Business and Economy

Investor Financing & Creative REI

Federal Home Loan Mortgage Corporation (Freddi...

In today’s challenging real estate market where 30 offers on homes out here in Victorville, CA is the norm, (and I’m sure the same applies all over the United States) we need every little bit of information to help our offers stand out from the crowd.

I have made countless offers on REO properties including Freddie Mac deals, and these tips reflect my experience in dealing with them. These are the things that Freddie Mac always counters with and always wants flat out.

When making an offer to purchase a Freddie Mac or Home Steps owned property you should try and follow these guidelines to help your offer stand out from the crowd and help you save a day or two in negotiations with them.

The Top 20 Tips for Making offers on Freddie Mac, Home steps or FHLMC Properties

Market Trends, News & Commentary

Real Estate
Image by Thomas Hawk via Flickr

After you read this post you will realize the “new” is really the “old” but, in the end, who cares. At least according to me.

We’ve all seen headlines that read: Existing home sales dip in August or words to that effect. Truth is, those headlines aren’t news anymore. They used to be but used to be has become the norm or maybe I should say the numb.

To add more numb to this post, we all have read articles telling us real estate practitioners and investors are expressing frustration with what they consider slow action from banks. That is, banks aren’t releasing inventory fast to satisfy the demand.

My question boils down to what do they really expect from institutions that have moved, on a historical basis, extremely slow. It is merely business as usual.

On the other hand, given a red-hot market has poked its head out of the ground we should expect business not to be usual. We should demand those institutions with a home inventory to get off their duffs and start moving the product. A home is no different than any other retail product, other than the sales price. When demand flares up, release the inventory and satisfy the demand.

Market Trends, News & Commentary

Small Single-family homeIs it finally here? The light at the end of the you know what?
(tunnel, for those who are bad at guessing)

The government (yes, OUR government) is reporting that sales of new, single-family homes went up some 11 percent in June from the previous month while, at the same time, the actual number of new homes still on the market was at the lowest number since the winter of 1998!

One expert (and we all know how accurate experts have been of late!) is even quoted by Reuters as saying that the figures support the thinking that the “housing market has bottomed and that the economy has stabilized and will grow in the third quarter.”