OUR NEWSLETTER
The Real Scoop on the Foreclosure Moratorium
Evaluating Investment Options: Home Ownership vs. The Stock Market
Owning is Cheaper Than Renting
Quote of the Month
Wacky Website of the Month
Home Improvement Tip of the Month
Testimonial Of The Month!
Another Happy Lease Purchase Buyer
Another Happy Buyer
Each month we have testimonials and pictures of more satisfied clients and Happy Buyers. We love helping people find that special home. We can often provide Owner Financing and thus NO BANKS NEEDED. We also have several Lease Purchase deals available right now!
Special Message Of The Month!
Check out our blog for more useful information at www.markneighbor.com and do not miss looking at our other website if you need a home or want to sell one at www.gadiscountproperties.com We are the “One Stop Shop” for all your housing needs. New deals and some come with A Free Big New Flat Screen HD TV at www.idealgeorgiahomes.com
Owning is Cheaper Than Renting
Reconsider the Rent vs. Buy Argument
The decision to buy a home versus renting is a highly personal one. Particularly during this recent recession, many people have chosen to rent until the market settles down or until the economy demonstrates a definite turnaround. What many people don’t realize is that the face of the housing market is changing in many communities.
In the nation’s top 50 housing markets, it has become cheaper to buy than to rent in at least 18 of these markets. If you’ve decided that renting is cheaper and you’ve been waiting to buy, you may want to re-run the numbers and re-consider your options.
Apartment Rents are Rising
For the past few years, apartment demand and rents have been rising in housing markets around the country. As people have faced unemployment, lost their homes and become embroiled in the economic crisis, more and more people have turned to renting as a temporary housing option.
There’s also been an increase in the number of young adults in the housing market, who typically prefer to rent over buying. This means that the demand for rentals has risen drastically in these markets, which translates to an increase in rental prices and difficulty finding good housing. In 18 of the top 50 housing markets, home ownership is becoming the better option.
Home Ownership is Becoming the Better Option
While rent prices have been rising in many of the nation’s top 50 housing markets, home prices have been falling. The rise in unemployment and the increasing number of homes going up for foreclosure has saturated the housing market with available properties. The increase in available homes translates to a decline in prices.
Potential homeowners also have the benefit of a huge inventory in many of these marketplaces. It’s a buyer’s market in many housing markets around the country, which is great for you. It may be time to re-evaluate your rent vs. buy decision.
Run the numbers. You may find that renting is costing you money not only in the long term, but also in short-term housing costs. If you’re ready to stop spending money on your rental and start investing it in your future, reach out to us! Fill out one of our Creative Homeowner Solution Requests, and our friendly and knowledgeable experts can help you find your new dream home – and save money every month!
Evaluating Investment Options: Home Ownership vs. The Stock Market
Home ownership is an investment that many people choose at some point during their lives. However, determining when to buy is the perpetual gamble that has some potential homeowners sitting on the fence for years, gauging the market and trying to find the best prices.
During this long-term gamble, potential homeowners may pursue other investment options, including investing in the stock market. Realistically, the stock market is a poor investment when home ownership options are on the table. Why should you buy a home now, instead of waiting and putting the money elsewhere?
Home Ownership is a Stable Investment
While the stock market may be an appealing way to make cash, home ownership is a more stable investment over the long term. Historically, home values have appreciated anywhere from three percent to eight percent annually, depending on the marketplace and overall economic growth. While times of recession may make home prices plateau or regress for a short period of time, home values always rise again and they average a positive investment over the long term.
The Stock Market is Volatile
While the stock market is theoretically capable of outpacing the housing market in investment potential, it’s realistically not going to happen. Some investments may grow at an astronomical rate, but by the time it’s apparent which investments are going to do well, it’s usually too late to get in at a good price.
Stock prices are also far more subject to economic whim than real estate prices. Stock prices can fall at astounding rates overnight, and take years to recover. Home values grow at a slower rate, but they trend upward over time. Realistically, you could hit pay dirt by investing in the stock market. However, you’re far more likely to break even or loose money on stock market investments – particularly when compared to home ownership. If you’re looking for a stable, long-term investment, home ownership is the way to go.Mark and Pam Neighbor
Helping people Buy and Sell Houses
The Real Scoop on the Foreclosure Moratorium
There’s a lot of buzz floating around right now about the foreclosure moratorium that many attorney generals are trying to push, and how that’s going to affect the housing market both short-term and long-term. Some of the info floating around is misinformation, and the rest is speculation. Realistically, the moratorium only affects some markets, and it shouldn’t be a problem if you’re thinking of buying or selling.
The Real Scoop for Buyers
If you’re thinking of buying a home, you should know that foreclosures are only a small percentage of total homes on the real estate market. Many people believe that buying a foreclosure is the only way to get a great deal on a home. That’s simply not true. Creative investors offer a variety of purchase options and potential deals, ranging from homes that are priced below the market to houses with creative payment options.
Don’t let the doom and gloom that people are spouting about the moratorium stop you from looking for your dream home. There’s a huge selection of inventory available in the housing market – particularly for individuals who work with a creative investor who has access to a secret stash of unadvertised inventory. Wonder where the best deals are? Little-known secret: they aren’t all in the foreclosure market. Savvy investors know about homes at great deals, and can then pass on the deals to you.
The Foreclosure Moratorium Explained for Sellers
If you’re a seller, the foreclosure moratorium is a mixed blessing. On the one hand, if you’ve been struggling under the burden of payments that are too high and falling more and more behind, the foreclosure moratorium might give you a bit of breathing room. Unfortunately, the moratorium is only temporary, and analysts are predicting that it may have an even more negative impact on the housing market in the long term.
When the moratorium ends, the market will be flooded with homes that owners have kept only by virtue of this temporary band-aid. Homeowners will have to find new, creative ways to sell their homes, and may find themselves in foreclosure or stuck with homes they simply can’t move because there’s too much inventory on the market.
If you’re a seller, the foreclosure moratorium is a temporary stop-gap, at best. Your long-term plan to get yourself out from under the burden of housing payments that are too high shouldn’t change. Those housing payments will continue to be there, and if you wait to sell while the moratorium grants you temporary relief, you may find yourself in a more difficult position with the moratorium ends.
Don’t Let the Moratorium End Your Housing Dreams
This moratorium on foreclosures has a lot of short-term and long-term consequences for potential homebuyers. However, it doesn’t have to end your housing dream. The moratorium is only affecting some housing markets right now; many housing markets are entirely unaffected. Even in the affected housing markets, foreclosures are only a percentage of homes on the market. Other homes are available, and non-traditional financing options may be available for foreclosed homes.
Don’t wait to buy or sell. The moratorium spells uncertain times ahead for the housing market. Don’t let it kill your dreams of home ownership. Fill out one of our Creative Homeowner Solution Requests, and let us help you make your home ownership goals a reality – even in the face of this foreclosure moratorium. The longer you wait the more financial repercussions you’ll have to face as a result of the moratorium.
Quote of the Month
“Destiny is no matter of chance. It is a matter of choice: It is not a thing to be waited for, it is a thing to be achieved.” ~ William Jennings Bryan
Wacky Website of the Month
Edible Crafts
http://ediblecrafts.craftgossip.com/
Looking for a cheap, fun project? Interested in the place where the whimsical meets the sublime? Edible Crafts is a blog that features all kinds of crazy edible craft projects or products. Check out things like piggy macaroons, pumpkin pop tarts or Death Star cakes. Whether you’ve got kids, or just want to humor the kid inside, Edible Crafts has tons of creative ideas for your next party or even just for a fun family project!
Home Improvement Tip of the Month
Surplus and Overstock can Provide a Cheap Makeover
With the rise of the Internet, people have new ways to find great deals on everything from books to clothes and electronic devices. What many homeowners don’t realize is that the deals extend to home improvement projects. Websites that specialize in surplus or overstock items don’t just have bedspreads and televisions. Many of them also carry everything you need for your home improvement projects – at a fraction of the price.
Overstock.com alone has a home improvement category with nearly 7,000 items that you can buy for your home at a fraction of the price. They have everything from sinks and faucets to baths, doors and windows and home improvement hardware. It’s not just small soft goods available from places like this.
You can also find surplus product liquidators for things like kitchen tile, carpet, wallpaper, paint and everything you need for your home improvement projects. Surplus liquidators usually charge a fraction of the price you’d pay for these products in a store. A quick search for keywords like “surplus home improvement” yields tons of companies and websites that specialize in selling home improvement materials at surplus prices.
Thought you couldn’t afford a home improvement project? Think again. Surplus makes even the most expensive projects affordable.
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Fri, Oct 15, 2010
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