Modular Homes – A Housing Option?

Modular HomeWith soaring real estate prices, many Americans are looking to alternative home options. Modular homes are one of the popular affordable housing options.

Modular homes represent almost 8% of all new U.S. home sales, with nearly 43,000 of them built in 2004 alone. In the Northeast today, 10% of the houses constructed are modular. It is primarily the states of North Carolina, Michigan and New York that make up the most popular locations for modular construction.

Modular homes are manufactured in several sections at a factory. The factory environment allows protection against harsh weather and vandalism during construction. The quickness of the process also significantly decreases building costs. Even though these homes are factory built, it is possible to have these homes customized. Read the rest of this entry

Pet Odors Are A Definite Turn-off For Many Buyers

This article will help you hopefully eliminate the pet odors that are evident to potential buyers and maybe not to you. People who own pets and keep them indoors don’t even notice that their house has a distinctive odor that may be sensitive to many would be buyers. As soon as I walk into a house I can immediately tell there is a pet living here.

While the house may be well staged, updated and otherwise look great – that must go. If you are unsure if your home has an odor, ask your Realtor to give you an honest answer or ask someone who doesn’t have pets to sniff out the air.

Here are some tips to help you get rid of the odors and give you house the best first impression possible. By: G. M. Filisko

California Markets Get A Lift from Million Dollar Home Sales

2010 Saw An Increase in Million Dollar Home Sales

While overall home sales in California declined in 2010, one bright spot emerged: Sales in homes costing more than $1 million increased last year for the first time since 2005, reports DataQuick Information Systems.

The company reported that 22,529 homes sold for $1 million or more in 2010 in California, up 21 percent from 2009. In fact, sales of $1 million or more homes are at their highest levels since 2008, when 24,436 homes sold for $1 million-plus. Million-dollar home sales peaked in 2005 at 54,773, but have steadily declined every year through 2009.

“Prestige home buyers respond to a different set of motivations than the rest of us,” says DataQuick President John Walsh. Read the rest of this entry

Is Anyone Paying All Cash to Buy Homes in This Economy?

Cash buyers for real estate is on the rise, and it is because many of these buyers believe now is the time to buy and get a deal before the market starts to rise again.

Nationally, 28% of sales were all-cash transactions last year, according to the National Association of Realtors. The rate was 14% in October 2008, when the trade group began tracking the measure.

The jump in real-estate purchases made with cash is another sign of the revival of animal spirits in the U.S. economy.The percentage of buyers in Phoenix paying cash hit 42% in 2010, and 50% of transactions closed in Miami were for all cash.

One investor is purchasing three properties for all cash, and these are not the lower end priced properties. All three were over one million dollars. Apparently he believes the market has bottomed.

In many instances people making cash offers to buy a home, will get a better discount due to the fact loan qualifications is not an issue. As a Realtor, I also like working with buyers who make cash offers, as these properties will close faster, again because there are no lenders involved.

While the media constantly bombards us with how depressed the housing market and economy is, there is encouragement that there are many people who are doing quite well and have money to invest in real estate.

How Much Should I Offer On This House?

Offer for a HomeThis question comes up quite frequently when buyer’s are contemplating making an offer on a house. They want me to give them the optimum, ideal price to buy their dream home. When in actuality that is a decision they must make.

Now how do you determine the best price. Here are a couple of items to take into consideration:

1.      What are the similar homes selling for in the area.  If most of the homes offer very little variance on the price, at t Read the rest of this entry

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