Are You A New Real Estate Investor?

Are you considering a investing in real estate? If yes, then here are are few things to consider?

1. When you purchase your new investment property, do you have the money or an investment loan to make the necessary changes to rent or flip?

2. Do you know and/or understand the neighborhood you are buying in?

3. Have you done your research? Is there a rental market?

4. What are your long term goals for investing? Ie; Flip, rent, how many homes per year…

5. What are the demographics?

6. Is the home in a flood plain?

7. Does the city require an inspection? If so, if the city repairs are required will you have the money for a possible escrow account.

8. Is the city considered to be stable or depressed?

If you are not sure of most of these questions, do some research before you begin shopping for the investment property.

Are You A New Real Estate Investor?

Are you considering a investing in real estate? If yes, then here are are few things to consider?

1. When you purchase your new investment property, do you have the money or an investment loan to make the necessary changes to rent or flip?

2. Do you know and/or understand the neighborhood you are buying in?

3. Have you done your research? Is there a rental market?

4. What are your long term goals of investing?

5. What are the demographics?

6. Is the home in a flood plain?

7. Does the city require an inspection? If so, if city repairs are required will you have the money for escrow if the city requires it.

8. Is the city considered to be stable or depressed?

If you are not sure of most of these questions, do some research before you begin shopping for the investment property.

Mega Millions Realtor, Call Carrie if You’re the Winner

We are all dreaming of winning the mega millions lotto. If you win call me. I’d love to help you find your dream. If I win I’ll post a new blog. I know I’ll help the youth and adults seeking to learn new technology or a new skill. Stay tuned for a full update…….or call me 630.405.8985.

If you’re not the winner, you an still own a home.

Until tomorrow. May the odds be ever in your favor………….

Morning Radar – Median Home Prices in DuPage County Illinois

DuPage county single family home prices fell 6.0% in February 2012 when compared to February 2011.  In February 2011 the Median  home price was $238,900. The 2012 Median price was $224,613.  Attached homes fell 5.9%.  Last year February median prices were $114,250 and February 2012 was $107,480.

It is still a great time to own a home.  What are you waiting for? What goes down will go up.  Prices will one day go up and you’ll wish you’d purchased a home. Call me today!  Let’s begin the process of buying a home.  www.carriebey.com

http://bit.ly/HltfBd Median Home Prices February 2010, 2011, 2012

Warren Buffett Says He’d Buy, “a couple hundred thousand”

Maybe it’s time to reconsider buying a home.  Now is a great time to own.  Believe it or not.  This is the right time to invest in a 1st home, 2nd home, upgrade from the home you are in or start investing in real estate. 

Warren Buffett Says, He’d Buy “a couple hundred thousand” if it were practical to do so. As stated in a recent article from CNBC an interview on CNBC’s Squawk Box.  Check out the article and get on the road to home ownership today.

Really, you have no excuse.  If you can’t buy plan to own in a few years.  We have resources to help you acheive your dream of home ownership.

http://www.cnbc.com/id/46538421

Have a question about Real Estate? Ask me on Facebook or Twitter

That’s right!  I am answering your Real Estate questions every Thursday on facebook or twitter from 6:30pm – 7:30pm.  Follow me on facebook and twitter today to get the most recent real estate news.

Click now to follow me.  Facebook and Twitter

Home prices as low as they were in 2007 in the Chicagoland area

Check out this great article on the home price changes.  As of April 2011, you can pretty much purchase a home near the same prices as in the year 2007.    If you are on the fence, get off and get on your way to homeownership.  Not sure where to being?  Contact me today for help in purchasing a home or investing in real estate.  carrie.bey@bairdwarner.com or click http://bit.ly/CarrieLewisBeyrealtor

 

http://www.chicagorealestatedaily.com/article/20110628/CRED0701/110629858/chicago-home-price-index-lowest-since-march-2001

Are you afraid to buy a home? Don’t Be!!!!!

“We can remain afraid to buy and let all of the great deals out there pass us by as the investors snag them all and rent them back to us until we’re ready to buy. Or, we can go and buy ourselves and take advantage of the instant equity that we can gain.”  Nathan Hosier

This market may appear to be an  intimidating time to purchase a home.  However, whether you believe it or not, now is the best time to own.  Home prices are as low as the home prices in 2004 and even 2000.  You can essentially purchase a home at the 2004 prices and get a better interest rate than you could during that year and years close to it!  Steve Harney and his team explain it well.  Click on the link to read more…..

http://bit.ly/l9hG9b

Understanding Real Estate Representation

Are you considering purchasing or selling a home?  Have you ever considered real estate agent representation?  If you have, maybe you should?  Real estate agents are trained to assist you in your home sale or home purchase.  We are here to help you find a home then assist you with your purchase through closing.  For more information and to read more click http://bit.ly/cE3LIR

Don’t wait! A Shortsale may be the best option.

If you need to sell, SELL.  Don’t wait for the market to come back.  While you wait your home could depreciate more.  In addition, you may lose your right to forgiveness of the debt.  This special tax relief actually applies to anyone who has forgiven mortgage debt during the tax years 2007 through 2012.   But starting in 2013, this tax break goes away.  Whatch the Suze Orman video.

http://www.youtube.com/watch?v=oAktf9sAP_0

Shortsales are here to stay.  If you must sell consider the shortsale.

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