| Interest Rates |
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After some volatility caused by the bond
market, interest rates have settled down. Taken in
historical perspective, rates in the high 5's to low 6's for a
30 yr. conv. aren't shocking. But lenders
are much more conscious of credit scores...lower
scores mean higher rates.
Here's a little inside info. Some cash rich
local banks have unadvertised mortgage money at
great rates. It's something worth asking about.
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Get A Free Home
Warranty!
Sellers, and Buyers, when you are my exclusive
client, at completion of a successful act of
sale, get a free, one year home warranty.
Homes with a warranty sell faster, and buyers have peace of
mind. |
|
| Offer Expires:
June 1,
2008 |
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Buyers are out there looking! But some sellers are
still having a difficult time adjusting to the reality of
a nation-wide down turn in real estate
activity. After all, a home represents the single
greatest asset most people will ever own, and it's emotionally
tough to come to terms with the need to sell in a difficult
market.
All is not gloom. If you are selling, and then
buying up market in New Orleans, you couldn't have picked
a better time, and first time buyers are able to buy a much
better home.
Be smart, interview several agents before buying or
selling. You will be much more comfortable when you
see eye to eye, and share a vision of realistic goals and
objectives.
I am at your service, and devoted to excellence in real
estate transactions.
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| Investing In Commercial
Property? |
|
If you're thinking about a small strip mall, better
have solid tenants. Finding good commercial tenants in a
tough economy could be difficult.
You might be better off with a residential multi.
BTW, qualifying your multi for Section 8 can be a
bureaucratic pain, but once the process is completed it's
guaranteed money. Young mothers with kids are more
likely to stay longer.
Do you know how much it costs to have a commercial
property appraised? In short, a lot. For example,
a recent transaction for a 10-plex that was rented on the
2nd floor, and gutted on the 1st cost around
$2,500. |
| The
Hottest Ticket In Town! |
| A three
bedroom, two bath home, in good condition; in a good
neighborhood, with no history of flooding for $300,000 is
virtually impossible to find. It's easier to find a good two
bedroom, one or two bath home, in the 240-260 range, with
potential for expansion, and build out.
But if 300K is your budget, properties in Broadmoor
continue to provide a great bang for the buck.
Recent showings to buying clients opened their eyes
to super values found there. $300K buys a very nice
home, and the neighborhood direction is excellent. Don't
forget to get a current mold
remediation certificate.
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