Top 5 Mistakes Buyers Make When Searching for a Home – Part 4

This is the fourth post in a series called Top 5 Mistakes Buyers Make When Searching for a Home. See Buyer Mistake #3 here. Buyer Home Search Mistake #4: Exclusively Searching Foreclosures Because You Assume They Are The Best Deals When the market first dropped foreclosures were most often the best deals because home owners […]

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HUD Home FAQs

What is HUD and what is a “HUD Home”? HUD is the US Department of Housing and Urban Development. A “HUD home” is a home owned by HUD. This happens when a homeowner with a HUD insured mortgage defaults on the payments, the lender forecloses on the home; HUD pays the lender what is owed […]

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Home Sales Last Month Indicate Recovering Market

Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. “A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium. But the overall direction should be a gradual rising trend in home sales with buyers responding to […]

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Percentage of Distressed Properties in West Oakland County

It seems there is a lessening supply of distressed properties in local markets, so when Loren Sanders of Carlsbad California asked me via twitter what the percentage of short sales were in my market, I thought it might be interesting to display the answer in graph form and post it here. I considered stats from: […]

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Handyman Specials Poised to Come Back in Vogue

I was showing houses this weekend to a buyer and he asked, “Is there a category where you can search fixer uppers?” It’s been a while since I’ve heard that term used. When buyers ask for foreclosures or to look at short sales, if they’re not investors, they’re typically looking for a great deal with […]

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