We met with a successful home builder in Richmond Va. last week to discuss the new normal for housing and what 2012 and beyond should bring. He raised an interesting point about the marketplace and the resulting movement. “As Americans, we feel under attack,” he said. “Collectively, all of us feel under attack and have for the last several years. Our bank account, our stock portfolios, our home values, our jobs, everything….is threatened at a level that we haven’t felt in 20+ years. It makes us uncomfortable and it makes us nervous.” He continued, “When people feel uneasy or uncertain, they tend to seek things that are solid and sure. We seek things that are authentic.”
What a great observation.
As a homebuilder, the period from 2000-2007 was based on building homes that were flashy and trendy with all of the bells and whistles that no one truly NEEDED, but everyone WANTED. Homes were sold with every imaginable upgrade on lots that were expensive and small. Quality was trumped by quantity and what was outside the walls mattered more than what was inside them.
2008 fundamentally changed the buying public.
Things that feel ‘authentic’ to us are usually things that are in our past and remind of times that were simpler and somehow better. Home designs that are based on simplicity and quality are back in vogue. The ‘Craftsman-Styled’ homes of the 1930-1940’s are re-emerging in popularity. Bungalows and ‘Four-Squares’ of the same era are also becoming increasingly popular as they also represent a very authentic period in America’s history.
These authentic plans with traditional elevations are also being built with a higher level of materials than what was deemed ‘acceptable’ during the bubble period ending in 2007. Vinyl is being pushed to the side and stronger exterior materials are being used. Larger windows, true wood flooring and better trim packages are also becoming the norm. The standard ‘builder-grade’ appliance package is another place where the public has demanded more. “Professional Series’ is the new standard.
Additionally, responsible building practices (EarthCraft/LEED) are quickly becoming both better understood and increasingly demanded by the buyers. For reasons that are economic (lower utility bills and increased builder education) or socially responsible (low VOC paints and responsibly harvested woods), the buyers (and the appraisers) are recognizing that a small investment in GREEN practices pays off in a justifiable time frame. As GREEN building moves from ‘expense’ to ‘investment,’ it will become more and more prevalent.
Building sustainable homes with simple and timeless designs is a good thing and it is too bad we had to endure 2008-2010 to figure this out.
Rick Jarvis is the co-founder of One South Realty Group, which maintains a significant practice focused on Richmond VA New Homes. Click here if you’d like more information on the state of the market for Richmond New Homes.
Article Source: http://EzineArticles.com/?expert=Rick_Jarvis
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With the advent of the internet, everything you need to know is literally online. Just one click and all the information you need to know about a subject you are searching for is shown on your computer screen.
With this development and availability come better opportunities and faster results in finding what you need. One industry that has enjoyed the advantages of being online is the real estate industry.
With the number of websites devoted to real estate and the hundreds of real estate agents with personal websites or social networking pages, finding a home online is a breeze. All you have to do is check out these websites, key in your home requirements and a list of available properties are presented to you with just one click.
Of course, you can still look for properties in real life settings such as attending open houses or looking for referrals. However, because of the vast information people can share online, the internet can cut your searching time and cost in half. The internet can be useful narrowing down the properties you want to look at in person.
If you would like to work with a real estate agent, you can do your research on the best agents online. Check out the Realtor website and go through the list of possible brokers and agents that you can work with and set up and if possible, set up an interview with each. Most agent specialize in certain areas, so the internet can be especially useful if you are looking to live in a certain area and need a real estate agent that is knowledgeable in that area.
You can also look for houses yourself online with websites showing listings of available homes. With these websites, you can search for your ideal home by location, size, price, the number of rooms available and other important factors you want for your home. The internet is very helpful is doing searches for specific types of homes.
After short listing your possible future homes you found on the internet, try contacting the owners or their agents to schedule for an appointment via email or via phone. This will allow you to actually see and feel if the home you see on screen is the home for you.
Finding a house you want to live in is not as complicated as before. Thanks to the internet, you are just one click away from your dream home.
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When you want to sell something, you would naturally want to sell it fast. This is the reality in the real estate market. The longer a property, a house, for example, stays in the market, the faster the interest level on the property drops, and the harder it becomes to sell the property. Selling a house quickly is not just about setting up an appointment with your real estate agency, signing a listing agreement, and waiting for them to sell your house, but it is more than that.
For this reason, here are some simple and easy tips on how you can quickly sell your house.
If you are going to avail of the services of a real estate agency or company, you should know that the quality and the reputation of the company will play a very integral role in selling your house. There will be real estate agents who will offer to sell your house quickly, but then you will find out that their means to quickly sell it is to give it at a very low price. You, as the owner and the seller of the house, would naturally want to earn from the transaction, and if the real estate agency offers this as a strategy, then it is time that you look for another company or agent. You should always choose an agent who can give you a very good price for your house, one that is fair for you and for the buyer. It would also be to your advantage to choose an agent that you are most comfortable working with.
Aside from looking for a reliable real estate agent to help you sell your house quickly, you should also exert some extra effort into making your house look presentable and more attractive to potential buyers. This means clearing and cleaning the exterior and interior of the house. You should landscape the exterior to make it more appealing, and likewise, you should also update the rooms inside the house to make them more attractive to your buyers. This includes repainting the walls if needed, installing a new carpet if the old one has become threadbare and worn, putting in new locks, making sure that there are no leans and clogs to your drains and pipes, and a whole lot more.
To sell your house quickly, you also need to do you part and not just wait for the real estate company to sell it for you. You have to make your property appealing and attractive as well as livable and habitable, so that the potential buyers can immediately imagine themselves living in your house, making it easy for them to make a decision and purchase your house.
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If you want to be a better investor go to my website at Recycled Homes there is a much better and easier way.
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Erik Vasquez
Phone: 805-692-2006
Email: erik.vasquez@cph-inc.com
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Erik Vasquez
Phone: 805-692-2006
Email: erik.vasquez@cph-inc.com
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If you are hoping to purchase a house on the cheap by buying a foreclosed property here in the Santa Barbara area, you are not alone? It is a natural instinct to want to look into this as an option as the market has slowed and the constant bombardment of negative media news regarding real estate continues.
There are some good deals out there here locally, but the process can be complicated and risky and you need to be educated on what you are getting into.
Here are a 2 Quick Points you need to know firsthand with regards to foreclosures here in the Santa Barbara area.
1) There simply are not as many here locally in Santa Barbara as perceived, based on the national news. Also, Santa Barbara often gets bundled into statistics that include Lompoc and Santa Maria (Santa Barbara County) where there are much more foreclosures to be had.
2) Most of the foreclosures here in Santa Barbara tend to be in the condo market roughly in the $250,000 to $700,000 price point, or in track homes around the $500,000 to $800,000 price point. Additionally, most of the foreclosures here locally are in Goleta and Carpinteria as of now. There certainly are others, they are just fewer and farther between.
Stages of Foreclosures: There are three different stages of foreclosure for real estate, each of these presenting different opportunities for you to buy.
1) Pre-foreclosure
When a borrower has unfortunately fallen behind on their monthly mortgage payments, the home will go into pre-foreclosure. Active buyers can find pre-foreclosures by spending lots of time diving into the delinquency notices that lenders file with the county courthouse here in Santa Barbara when a borrower has missed their payments.
Now with potential prospects in hand, you can go drive-by these homes on your own. If you see a home that you potentially would like to pursue, you could contact the owner directly to see if they want to sell.
NOTE: You will read articles here and there that this is a good way to make a profit of sometimes 30% from such places as foreclosure.com etc. Simple fact is…from what I have learned, this reality will be difficult with the current “owners” being in a very emotional state and often angry. Most likely these people will be trying to hold onto their homes and would look harshly at anyone they consider might be “sniffing around”. Granted there will be some who want relief from bad mortgages, but it can be a fine line and a way to put yourself in some stressful and potentially scary situations.
Many of these homeowners in this situation will also opt to try a short sale which at a minimum buys them time…often many months. More and more banks are seeming reluctant to many short sales with some stats showing only 15-20% of short sales ever closing.
2) Sheriffs’ sales
After a home reaches default, one option is to try and auction the home off on the county courthouse steps here in town. These homes can offer some real bargains, but the process takes a serious affinity to risk.
If you are bidding on a property, you can not inspect the property beforehand and therefore there is no telling how much work it needs. You also do not know what kind of liens there are against the home, if any, due to unpaid taxes, a contractor’s lien etc. All of this makes it very difficult to establish value. Lastly, you as the buyer need to have ready cash, sometimes 10%-20% down on the spot, and be able to come up with the rest in a matter of days.
For me, I would rather simply wait until a bank owned property is officially listed and work with a seasoned Realtor who knows the value of homes. Additionally, you will be able to inspect the property which is as important as anything.
3) Post-foreclosure
Once a lender finally takes back a house, the property will go on the market as quickly as possible and be listed as an REO (real estate owned) or Bank Owned property at a very good market value or below market value. These homes then in effect become ordinary sales, listed with a broker. Here in Santa Barbara, homes that are in foreclosure that are perceived as bargains are often getting multiple bids. If a home has been on the market for longer than a week, you as a buyer can offer a much lower price and negotiate. Generally the lender has a lowest dollar amount they will accept. If you are willing to meet this price, the home is yours. If not, then the home will stay on the market to hopefully attract other buyers.
Article Source: http://EzineArticles.com/?expert=Kevin_Schmidtchen
Erik Vasquez
Phone: 805-692-2006
Email: erik.vasquez@cph-inc.com
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Erik Vasquez
Phone: 805-692-2006
Email: erik.vasquez@cph-inc.com
Duration : 0:0:45
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Technorati Tags: 93458, Ca., Capital, Erik, Estate, for, homes, Maria, Pacific, Real, sale, Santa, studios, Vasquez, VHT
Erik Vasquez
Phone: 805-692-2006
Email: erik.vasquez@cph-inc.com
Duration : 0:0:51
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Technorati Tags: 93458, Ca., Capital, Erik, Estate, for, homes, Maria, Pacific, Real, sale, Santa, studios, Vasquez, VHT
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