Thursday, April 14, 2011

Mobile Home Owner will hold Paper with $5000 down. (No Interest)

(Total building area 1,344 sq. ft – Living area 768 sq. ft)

Venice, FL Reduced Price $32,000 (Double Wide)

2 Bedroom, 1 full & 1 half Bath (1973)
Priced for a quick sale with immediate occupancy. All appliances and furnishings included. Washer and dryer in enclosed lanai area. Owner will hold Paper with $5000 down & $210/month (No Interest). Will accept $30,000 cash!! http://www.123rent4now.com

$40k 3/2 Riverview, FL Block Home.

Riverview 3 Bedroom 2 bath block home, Approx 1200sqft, built in 1980, The Price is $40k

Looking For Private Financing

Tampa/St. Petersburg Duplex! 2/1 - Sale Price 22k

Tampa/St. Petersburg

Check Out This Tampa Duplex! 2 bedroom 1 bath each side, Approx 1800sqft total, Needs Work, The Price is $22k

Find Bank Owned Deals Here

Wednesday, April 13, 2011

Is housing inventory on the rise.

Housing inventory rises for spring selling season: Altos

by CHRISTINE RICCIARDI

Monday, April 11th, 2011, 5:05 pm

Housing inventory around the country is on the rise, as sellers look to capitalize on the spring home buying season.
Home sale inventory was up 2.97% in March and up 6.83% over the three months ended in March, according to the Altos Research 10-City Composite Index.
The index is a statistical compilation of property prices highly correlated with the S&P/Case-Shiller Index. The 10-city index is based on single-family homes in Boston, Chicago, New York, Los Angeles, San Diego, San Francisco, Miami, Las Vegas, Washing D.C., and Denver; however, Altos also reports figures from other cities around the country.
Sale inventory in Boston increased the most during the month, up nearly 16% to 14,297 properties, followed by New York (up 8.24%), Philadelphia (up 7.68%) and San Francisco (up 6.71%).
Prices, on the other hand, are trending downward, Altos said. The national average sale price fell 0.29% in March 2011 compared to one year prior, down to $432,307. Over the three months ended in March, prices fell 2.3%.
Prices decreased the most in Atlanta, down 1.13% to $182,276, followed by Las Vegas (down 1.03%), San Diego (down 1.03%) and Detroit (down 0.79%). Realcomp reported Monday morning that sales in Detroit dropped 9.6% in March.
Write to Christine Ricciardi.

3/2 Sarasota FL 34234 - $41K

Sarasota FL 34234 - $41K

(picture below)

3br / 2 ba single family home, 1600 sq. ft.on a nice street. Needs about $13K in repairs. ARV= $84,000.

Would also make great rental and could rent for $1,000/mo.

Find Bank/Hud Homes Here

3/2/2 Sarasota, FL House ForSale 84k Steal at this price!

3br / 2 ba / 2 car garage single family BLOCK home. 1,613 sq. ft. Barrel tile roof on a lake. Really a steal at this price! Needs about $15K in repairs.ARV= $150,000+.

This property last sold for $340,000!!

Need Owner Financing?

29k 2/2 Block Home. In Sarasot, FL

(Sarasota) 2 bedroom 2 bath block home, Approx 1500sqft, built in 1966, The Price is $29k

Find homes under 30K Here

Nice Florida, 2/1 & 2/1 with carports

Bradenton 2/1 & 2/1 with carports, Approx 1700sqft total, great rental! The Price is $44k

Find Bank Owned Homes Here

3/2 Bradenton 21k

Bradenton 3 bedroom 2 bath home, Approx 1400sqft, NeedsTLC, The Price is $21k

Are You Looking For Owner Financing?

Tuesday, April 12, 2011

Home For Sale, North Lauderdale, 65k GREAT SHAPE

$65,900 CASH

3 bedroom, 1 1/2 bathroom, CBS
Central A/C, Super Clean
Kitchen, flooring, & bathrooms in
GREAT SHAPE
Move - In - Ready.

Photos:

Concrete Block Duplex, Bradenton, FL

Bradenton, 34205 (located in the neighborhood just west of Home Depot)

$45,000
Concrete Block Duplex
DRIVE BY ONLY, CALL FOR ACCESS
2/2 and 1/1 units, 1300 sq feet under roof, 2236 total under roof.   Nice back porch, carport and dual driveways for parking. Lawn needs mowing and landscaping needs a trim and cleaning.
Units in good to very good condition. A few little items could be fixed by a new owner.   Many windows have been recently replaced.
2010 tax assessed value was $73,562 and the property was purchased in 2005 for $200,000. A/C done in 2005, re-roof in 2004, both with permits.
1/1 is currently rented at $400 per month to a tenant that definitely wants to stay and may be willing to pay a little more.   Lease is month-to-month.
2/2 is at $600 per month, also month-to-month.

Miami, 3/1 appliance included stove, refrigerator

$54,900 CASH

3 bedroom, 1 bath. CBS house.
Has a Newer roof. Clean inside. Newer kitchen.
Great rental as is. Tile floors, 850 sq ft., family room, front driveway, fenced throughout, central AC, appliance included stove, refrigerator.

Photos:

"Forget stocks. Real Estate Rocks-Fortune Magazine

The Return of Real Estate – Fortune Magazine

April 11th, 2011 by Marco Santarelli

This week’s issue of Fortune Magazine proclaims the “return of real estate”. I didn’t think I would see an article like this from a mainstream publication so soon – especially from one of the most trusted financial magazines. Could this mark the beginning of more good news to come?
“Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing,” writes Shawn Tully.
The article covers five trends as justification for improvement in the real estate market:

The steady decline in prices which has been going on nationally since 2005 has finally hit a level where it costs less to own a house than to rent in many cities.
The supply of renters has increased sharply in the recent past, which has already begun to cause rapid increases in rental rates.
Home builders have held back on building new homes for several years, creating the conditions for a shortage of new homes when demand goes up just a little bit.
Investors, responding to the big demand for rental units, are rapidly buying down the overhang of foreclosed homes which has dogged the market.
Finally, the U.S. economy seems to be on the path to improvement, although we still struggle with high unemployment and weaker-than-normal consumer spending.

Although I agree with the general points in Tully’s article, I have a few reservations:

First, mortgage credit is still tough and only the best borrowers are getting loans these days. Investors and new home owners could help accelerate the absorption of excess housing inventory if lenders would loosen their qualification criteria slightly.
We must remember that all real estate is “local”. Whatever is happening in San Diego, CA may be the complete opposite of another market such as Detroit, MI. There is a danger in analyzing real estate at the national level since there is no such thing as a “national” real estate market.
Optimism aside, I believe there are still markets around the country that will see continued price declines of an additional 5% to 15% over the course of 2011. Real estate investors should keep an eye on those markets for future buying opportunities while investing in the stable and appreciating markets of today.

Clearly, we need to get back to a situation where market fundamentals drive a housing recovery, and Fortune claims that day is close at hand. However, until we see a significant improvement in employment (and income) in the private sector, there will be only marginal improvement in housing. It’s all about jobs and economic stability.
You can read the entire article here.