Real Estate Listings

Archive for July, 2011

New Homes In Victorville

Last week the Federal government stepped in and introduced new measures which should assist buyers and sellers of Victorville California homes and the California housing market in general. A lack of prospective buyers caused by a severe credit squeeze that began last August has combined with a general lack of consumer confidence to reduce the number of house sales and lower the median price of the sales that are taking place.

The credit squeeze of the past few months has made it far more difficult for potential buyers to satisfy the criteria required to obtain new mortgages. But there is it seems some light at the end of the tunnel. Last Wednesday President Bush signed off an economic stimulus package that will increase the limits for Freddie Mac Fannie Mae and FHAbacked mortgages. This is expected to have a positive impact on the Victorville California homes sales market.

This new easier availability of FHAbacked mortgages will significantly assist firsttime buyers who had previously been pushed out of the mortgage market by the turmoil of the sub prime lending problems of the last few months. The lack of available mortgages for those with little money for down payment had stalled the lower end of the housing ladder which had a ripple effect right through the Victorville California homes market.

This new availability of larger mortgages should greatly assist in turning around the California housing slump. If youre searching for Victorville California homes the current market presents some excellent opportunities. The recent slump in sales now means theres a huge selection of houses available for purchase. Whereas previously the area was very definitely a sellers market its now turned 180 into a buyers market. With such a large choice of homes available a buyer can afford to shop around for a real bargain.

Lower interest rates will also help boost the ailing market and the new incentives announced by the President will last for just one year. Therefore its expected many people who have been sitting on the fence waiting to see what happens with the Victorville California homes market will now see that theres been a clear change of circumstances that will benefit them. This in turn should provide the muchneeded stimulation to restart the local housing market.

Many developers are offering large incentive packages on new and resale homes. Buyers now have an excellent choice of properties to sift through. In addition over the past few months many bigtime home builders have slashed prices by around 25 there are approximately 5400 brand new homes sitting vacant in San Bernardino and Riverside alone providing a rare opportunity for home buyers to snap up one of the many Victorville California homes bargains now available.

About the writer:  Find Victorville new homes Northern California new homes and Southern California new homes by visiting New Homes Section.

Miamis Manhattan Of The South Offers Luxurious Living Close To The Action

Miamis Brickell neighborhood offers you a little flavor of Manhattan right in South Florida. It is located just south of downtown Miami and considered to be the financial center of the Miami Dade area. Many international banks and financial institutions are located there but the area has become increasingly popular with professionals who are looking for luxurious living in high rise residential buildings. If you are a financial professional and would like to live near where you work Brickell may just be the neighborhood for you. Brickell is very popular with legal and accounting professionals because of its close proximity to state and federal courthouses.

In addition to being a neighborhood that you will find to be quite satisfying professionally Bricklell has a lot of offer in the real estate realm as well. Depending on your preference you may find the various high rise condominiums and residential apartments with an emphasis on luxury to your liking. If you really want to work hard and play hard and have achieved some degree of success Lower Brickell is home to Millionaires Row with finely appointed homes that are exquisite and elegant. There are waterfront properties which are now in high demand and there are plenty of high end restaurants and designer shops moving into the neighborhood on a daily basis making Brickell a very cosmopolitan neighborhood.

The Brickell neighborhood is close to the booming city of Miami with all of the nightlife and excitement that you can enjoy. There are plenty of luxury condominium and high rise developments that rival those of any other part of the city and offer a wide range of choices for you in terms of luxury living. The condos of Brickell especially those that are located on Brickell Key and along Brickell Avenue offer you a lifestyle of luxury and elegant living arrangements with excellent views of Biscayne Bay and the amazing skyline of Miami that you will love. The neighborhood boasts of real estate gems like Axis Brickell Four Seasons Nordica Avenue and Solaris amongst others. You are sure to find a luxurious high rise apartment or condominium that will match your lifestyle and suit your needs for comfort and luxury.

For many professionals they are happy and pleased to call Brickell home. This thriving financial district is also home to some of South Floridas most luxurious living options available. If you want to be near the center of the action for work and for play Brickell offers you the chance to accomplish both when you invest in real estate in this bustling neighborhood.

About the writer:  Sunny Realty of South Florida features technologically advanced and Internet savvy realtors. They specialize in Sunny Isles real estate Miami Beach luxury real estate and luxury condominiums. SunnyIslesMiamiRealEstate.com provides instant access to the best in Miami Beach condos.

Miami Real Estate – Buying HUD Homes

HUD homes are FHA insured mortgage loans that go into foreclosure. HUD sells these foreclosures in a weekly auction using HUD registered real estate agents. HUD offers huge incentives to sell all HUD homes in their inventory. There is now a program for owner occupants that the down payment is only 100 dollars with some restrictions as per HUD guidelines. There are many other programs available for homeowners and investors. Police officers teachers and firefighters get the property at 50 discount in specific Miami real estate areas.

Steps for buying a HUD homes in Miami Florida

Step 1. Finding a real estate agent You must use a HUD registered Miami real estate agent in order to buy a HUD home. HUD uses its own contracts and many different forms addendums and disclosures that the Miami real estate agent must be familiar with.

Step 2. Finding a house HUD offers a weekly list of available homes for sale. All HUD homes are sold in asis condition with no warranties. The Miami real estate agent will show the property provide tax roll info and comparables of recent sales. No open houses are permitted.

Step 3. Placing a bid You must be prequalified and place an earnest money deposit before you can bid on a HUD home. The Miami real estate agent will work with you in preparing all pertinent paperwork in order to help you make your offer. All offers are presented online and are awarded to the highest bidder. HUD will pay up to 3 for closing costs if it is stated in the sales contract. Owner occupants only can bid in the original offer period and then it is opened for investors.

Step 4. Winning the bid The Miami real estate agent will inform you whether or not you are the winning bidder next the day. If you are the only bidder you win automatically assuming your net to HUD is within the acceptable percentage. HUD will not publish their guidelines for the minimum price offers they will accept. All completed contracts and forms must be sent within 42 hours of acceptance. Time is of the essence.

Step 5. Obtaining financing The buyer has 45 days to close. Buyer can pay cash for the property or obtain financing thru an FHA or conventional loan. FHA has many incentives to qualified buyers. HUD will cancel the contract after the 45 days are up and you have not closed for whatever reason. An extension to the contract may be granted but it costs 375.00 per 15 days for sale price over 50000. Usually only one extension is allowed.

Step 6. Closing The buyer may choose the bank or mortgage company and title company of their choice. You cannot make any repairs to the property before closing. The title company will notify HUD and buyer of the closing date with at least three days notice. Buyer must bring a cashier’s check to the closing as no personal checks are allowed.

Buying a HUD home in the Miami real estate market is a complicated and detailed process. Be sure the agent knows all the procedures and rules of the HUD homes process as any mistakes made in the contract forms and or deadline missed will cause your bid to be cancelled and given to the next bidder. The inventory of HUD homes has decreased dramatically in recent years since buyers were not getting FHA loans and were opting for conventional products instead. Recently the FHA loans inventory has picked up and the amount of HUD homes available for sale has been increasing. HUD homes are an excellent opportunity for buyers interested in Miami real estate to buy a home at a discounted price.

About the writer:  Matthieu Cany is Director of Sextant French Property