Real Estate

If you are ostensibly bankrupt, does a $10,000 credit sound like good news? You bet. Unless of course you are the state government that is exhibiting all signs of bankrupt status and you are giving away another home buyer's credit to homeowners in the state. The CA governor has signed another home buyer's credit bill which doesn't make a whole lot of sense for CA from a financial standpoint.

Foreclosure is something that no one ever wants to deal with. They do not want it on their permanent record list and they don't want the embarrassment that comes with losing their house. A foreclosure can stay on your record list for as long as seven years. It will also make it next to impossible to get another mortgage in the future.

Determining the value of your property can be a tricky business. Value is of course, in the eye of the beholder. However, the value of your property can vary depending on who you talk to. Two common ways that property values are determined is through an assessment and an appraisal.

Selling your property shouldn't be too hard, right? Still there are sellers that put in a lot of effort in selling their properties but still wake up every morning to see the For Sale board firmly planted on your lawn?

The first step to marketing your home is having it staged and professionally photographed. Once it has been professionally photographed you are ready to plan your marketing and start to pull together all of the different marketing materials. There are many different tools that I will use to market a property. Depending on the home and the target market I will pick and choose the right combination of tools.

Rejection can cause a homebuyer to experience heartache and disappointment. A seller is not forced to shoot down a homebuyer's offer for the buyer to feel completely horrible. All the seller needs to say is one word "No," and the offer is null and void.

The daily newspaper here in Wichita yesterday brazenly reported that the recession may be soon over sighting the most recent news about housing starts and and housing in general. Many economists and analysts believe the recovery rests on the shoulders of the housing industry.

Besides the great prices you can find in the real estate market today, there are a number of reasons to purchase a home before the end of 2009. One of these reasons is the federal housing tax credit that was recently passed in the stimulus package earlier this year.

New home sales unexpectedly fell last month as existing home sales were on the rise for the second straight month, although still slightly below expectations.

There was more good news on the home buying front last month. The National Association of Realtors, or NAR for short, reported that pending home sales were up from February by 3.2 percent.