REO properties

Paradise, Chico, Oroville Home Bargains, Zero Downpayment Homes OAC

PARADISE, CHICO, OROVILLE HOME BARGAINS, ZERO DOWNPAYMENT HOMES OAC
Are you a BUYER looking for a BRAND NEW HOME. Would you like the LOOK, FEEL and upto date ENERGY EFFICIENCY of a new home. Look no further. USDA Rural Home loans combined with today’s unique market make what seemed impossible now possible. This program allows for ZERO DOWN PAYMENT.

Existing Homes and property for the construction of your BRAND NEW HOME are available. NOT Manufactured Homes here, NO, NO. These are Site Built Homes.

United State Department Of Agriculture USDA home loans guarantees up to 102% Paradise,Chico Oroville Homes For Sale.

Buyer’s in the market for a new home, with limited funds available for down payment, would do well to consider the USDA Rural Home Loan program. Zero down payment is possible with this loan program. These loans are designed for low to moderate income families. For example in the California North State the income range for a family of 4 is $46,650 to $73,600. FICO scores of 620 are generally required. USDA Rural Home Loan guaranteed loans have fixed interest rates with a 30 year term. The loans are designed for new construction, rehabilitation or existing homes.

The loans are provided based on eligibility areas. These areas generally have populations between 10,000-25,000 or open country. Therefore those areas surrounding Paradise,Chico and Oroville in Butte County provide numerous areas of eligibility. Paradise,Chico, Oroville Homes For Sale.

This is not a commitment lend. This information is provided as a service by your Realtor. A commitment to lend would be determined by completed application, OAC,buyer/ property eligibility and program status. Paradise,Chico, Oroville Homes For Sale

REO properties

Successful Selling In A Buyer’s Market of Cottonwood Homes For Sale Part 4 of 8

This is the 4thin an 8 part series on Successful Selling in a Buyer’s Market Cottonwood homes for sale

STEP 4 – Process the Information: As we process the information from our Market Evaluation we will assist you in the next step in Selling your home. We will consider your property and ownership position relative to 1 of the following 4 categories:

1. MARKET PRICE RANGE IS ACCEPTABLE:Result = You and your home are in a position to sell and you are ready. If this is the case then we can complete the next 4 steps in pursuing your Cottonwood home for sale

2 MARKET PRICE RANGE IS UNACCEPTABLE:Result = The market range is below what you would like to sell your home for. You don’t need to sell and are happy in your present location. No problem sit back and relax. Life is good. Due to the historic increases in values many homeowners began to view their home as being primarily an investment. My humble opinion is your home is primarily a place to live. Generally homes make great investments, but no matter what families have to live somewhere.

3. MARKET PRICE RANGE & NEGATIVE EQUITY:Result = The likely sale price range is below what you owe on your home. If you don’t need or want to sell your home sit back and relax. Life is good. But if you need or want to sell you may want to consider a Short Sale. There are numerous issues to look at when considering Short Selling a home. We have a short list of questions to initially determine the prospects of Short Selling your home. Approximately 30% of all homes in a negative equity position are not candidates for Short Sale. But that being said 70% of the homes are. So with a clear plan and Lender cooperation a sale is still possible. Note: In Short Sales the Lender pays all Realtor Commissions.

4. FORECLOSURE: You have determined your home and your ownership position are not candidates for Short Sale. This is a challenge many have faced in the nation. It’s not the end of the world. It’s an event and an experience that will pass. This is still a time to conduct financial planning going forward. We recommend that you don’t go it alone. Take advantage of family, financial planning and church support available to assist you through this challenging time. Use this experience as an opportunity to learn and grow. As challenging as this is anticipate better days ahead.

We have not addressed the possibility of a Mortgage Modifications. The reason being the topic of this series is Successful Selling in a Buyer’s Market. Next time we will look at: Pricing It Right

We are not suggesting that the information provided, by your Realtor, is any substitute for the advice of your legal or tax adviser. This information is provided as an example of the types of evaluations that are helpful, to Buyers and Sellers, when considering real estate transactions. Cottonwood homes for sale

REO properties

REO Fixer-Upper Bargains, Cottonwood CA Homes For Sale , FHA 203k

The Bargains: Are you in the market for a home and seeking some real bargains. We would like to draw you attention to some often overlooked bargains in the real estate market in Cottonwood homes for sale There are really two categories of REO homes for sale. Those that are ready to move in and fixer- uppers. These fixer-uppers are additionally undervalued due to the inventory of ready to move in homes for sale. We have developed a team to assist you in taking advantage of these real estate bargains. Many times fixer-upper properties are overlooked due to the challenges created in assessing the costs of the repairs as well as funding the purchase and rehabilitation in a cost effective and timely fashion. We are able to provide you with these services in the following areas: Cottonwood, Redding, Anderson, Red Bluff, Chico and Oroville

The Benefits: Homes in this category can reap immediate rewards due to the increased value of the home once the work is completed. Final cost savings averaging approximately 10% under those of ready to move in homes can often be expected. Another added benefit is the enjoyment the rehabilitation improvements bring to your new Cottonwood home for sale. Due to the rehabilitation these homes require they do not generally attract the bidding activity of other low priced ready to move in homes.

The Loan: FHA 203K Rehab/Purchase loan. This loan is available with Loan To Value limits has high as 110%. The Rehabilitation portion of the loan can be as high as $35,000.

The Process: We have developed a uniquely comprehensive program to assist you with these property purchases and the challenges they represent. Our team consists of experienced Realtors and Licensed Contractors (lic. #360678) to provide all the services necessary to assist you with a smooth home purchase. We will assist you with the following:

• Prequalifying for the FHA 203k loan.
• Targeting homes that are within your budget and have what we refer to as “Good Bones”. We want to insure that the home you purchase will yield maximum benefits from the rehabilitation work. Our team of experts are able to assist you with a rapid 3 step evaluation process to determine the home’s rehabilitation potential.
• Once the potential of the home is confirmed. We work with you the buyer to develop a rehabilitation plan that fits the home’s needs as well as your vision for your home.
• Purchase of the property including coordination with the FHA lender.
• Contracting and timely completion of the rehabilitation phase for your new Cottonwood home for sale.

This is not a commitment to loan. Loans oac and are subject to HUD guideline, etc.

REO properties

Selling Your Home in a Buyer’s Market

Selling in a Buyer’s market is obviously different than selling in a Seller’s Market. Like airplanes people have attitudes and when the winds change both require attitude adjustments to stay on course. That’s what I what to talk about today. Some Sellers I talk to still have a Seller’s market attitude. That attitude says I don’t want to lose the money I thought I once had in my property so I’ll wait until the market turns around. Of course that attitude won’t fly in a Buyer’s market. While it’s true a Seller can wait until the market returns to the historic highs of two or three years ago, that could take some time.

Let’s take a look at some of the benefits of matching our property prices to sell in the present Buyer’s Market. Here are two important factors I don’t often hear considered by the reluctant Seller. Whether your selling a personal residence, or investment property, when you sell you will be postioned to purchase or 1031 exchange into this same Buyer’s Market. Now you have the wind working to your advantage. The Seller will still be owning real estate that should experience the increase in equity that was expected by waiting for market turn around. Secondly present interest rates are also at or near historic lows. As the markets recover there will be an increased demand for money putting upward pressure on interest rates.

Finally a wise person once said,” Every market presents opportunities, but the opportunities are different in every market.” We encourage our clients to adjust attitudes to take advantage of the remarkable current market opportunities.

REO properties

$8,000 Tax Credit Timeline — Buy Now!

If you’re going to take advantage of the Federal Tax Credit for 1st Time Home Buyers for 2009, it’s time to establish some deadlines for your purchase. Let’s consider some time lines.

• The tax credit expires December 1, 2009 for closing escrow on your new home.

• Assuming escrow will take 30 to 45 days working backwards that gives you target dates of October 16th to the 31th to have your Purchase Agreement accepted by the Seller and open escrow. That leaves you 44 days conservatively and 58 days if you’re a risk taker.

Understand if you are working with REO’s or short sales and their extended times for Purchase Offer acceptance you need to take that into consideration as well. So lets establish some perspective and pace ourselves for success. If you’ve already been looking for a home for a month or two then you realize how time flies. If you are serious about home ownership and you want to use $8,000 of your Uncle Sam’s money then mark your calender, grab your Realtor and get going.

One more bit of extra advice: if you are being outbid and are targeting the absolute lowest priced homes in your area consider targeting homes that aren’t attracting quite so much attention. Joseph Kennedy said,” Only a fool waits for top dollar.” As buyers we want to be wise and realize there are some great deals out there and make sure we aren’t waiting so long that we miss the current opportunities for home ownership.

REO properties

Redding, California — Prime for a Housing Recovery

We came across this great article in Forbes magazine, showing the huge potential and encouraging signs in the housing market. Redding ranked #8 nationally in the list.     Check out the Article Here…

E-mail us, so we can help you take advantage of this ripe market. Enjoy the good news!   =)

REO properties

Added value to Buyers of Foreclosures and REO properties

Dear 2009 Home Buyer:

Why Choose Chain Real Estate Investment & Mortgage As Your Agent To Handle Your Purchase Of REO/Foreclosure?

• As you may know banks are not required, nor do they have sufficient information, to provide you, the Buyer, with Disclosures on the condition of the property you are considering purchasing. The purchase of REO/Foreclosure properties can be both challenging and rewarding. How do you assess the condition, purchase the home and finance necessary repairs or upgrades to your new home? (You need qualified answers to these questions.) Chain Real Estate Investment & Mortgage / Chain Enterprises is uniquely qualified to assist you.
• Chain Real Estate has over 30 years of on-going construction experience, through our sister company, Chain Enterprises. While not a substitute for 3rd party inspections, we believe our experience provides you, our client, an extreme advantage. We believe this advantage is unique, saving you time and expense when evaluating any property purchase, but particularly when that property is an REO/Foreclosure property. We are able to provide you with cost and feasibility information to assist you in evaluating the repair, remodel and financing of your perspective new home.

We would appreciate the opportunity to work for you as your Buyer’s Agent. Please feel free to contact us to discuss your dreams of home ownership.

REO properties

Tips for Getting a Home Loan

We ran across this article about the current situation with lenders and the challenges of obtaining a home loan. The article gives a honest assesment of where the home lending situation is at, while giving great tips for meeting the tougher requirements. Let us know what you think, and please let us know how we can help you. We would love to see your goals realized.
Tips for Getting a Home Loan