I get this question a lot from clients, “Is now a good time to buy a home, or should I wait?” Well, now more than ever is a great time to buy a home. Whether you are purchasing a home on your own or getting into a lease option, I will show you how you can take advantage of a great market!
When you buy stocks what strategy would you use to get rich, buy high and sell low or buy low and sell high? The same applies for real estate. You see, when everyone was buying homes left and right 2 years ago…it created a sellers market, meaning sellers could get almost anything they asked for on their home, this is the worst time to buy a home.
However, when homes are sitting and sellers are motivated, then the market becomes a buyers market, meaning that buyers now have the control. The control for what…well to get a deal! I will give you a recent example of a lease option that we just completed. The client that we were helping purchased a home, using a lease option, at $260,000. However the home is worth $325,000 easily, maybe even more. You see the seller was also a builder and was extremely motivated to get rid of the property.
Now when our lease option tenant qualifies for financing 2 years from now and purchases the home, even at a 10% markup ($286,000) they will have over $39,000 in equity, even if the home doesn’t appreciate a penny! So you can see that this market works for home buyers and lease option tenants alike.
So if you’re sitting on the fence and thinking that this market is something to stay away from…its time to think twice! To see what kind of deals you have available in your area, send us an email or give us a call and we would be more than happy to help you out.
Friday, July 25, 2008
Thursday, July 17, 2008
The 4 Top Questions About Credit Repair (Part 2)
How long can it take to remove items?
Well, each client’s individual credit report is different so each timeline will be different as well.
Lexington Law says:
Statistically, our participating clients have seen an average of 8.7 deletions (or 25.7% of their presenting negatives) from their combined credit reports by month 3, and 28.6 deletions (or 84.7% of their presenting negatives) by month 12.
Can you imagine what 28 deletions would look like for your credit score? That’s a HUGE difference! It’s definitely the difference between getting into a house or not and even more, how many of your other bills could you renegotiate a lower interest rate on if you had a higher credit score, think about that.
Still with me…ok, one more.
Can you repair your own credit?
Yes, you can. But the bigger question is do you want to? You have the legal right to fight the credit agencies yourself. Think of it like this…you have the same right to represent yourself in court, but would you want to?
Most clients choose to have a credit repair company represent them simply because of the company’s knowledge and experience in dealing with the credit bureaus. Specifically, Lexington Law consists of paralegal attorneys that fight your credit for you. So just like having a lawyer represent you in court…you have a lawyer representing you in your fight with credit.
Lexington Law says:
Another factor to consider is the amount of time and follow-up required to coordinate disputes with all three credit reporting agencies and the creditors appearing on your credit report. Lexington Law has systematized the disputation of questionable credit through a trained staff of lawyers, paralegals and legal assistants, all using state of the art technology.
Ok, so hopefully that answered some questions that you may have about credit repair. I have tried to address the main questions that I get from my clients. I know that I can’t put them all down in this email, so if you have any specific questions, feel free to email them over to me. I will do my best to answer them right away.
Lexington Law Information:
https://www.lexingtonlaw.com/SecureSignUp/?tid=662.0.10608
Well, each client’s individual credit report is different so each timeline will be different as well.
Lexington Law says:
Statistically, our participating clients have seen an average of 8.7 deletions (or 25.7% of their presenting negatives) from their combined credit reports by month 3, and 28.6 deletions (or 84.7% of their presenting negatives) by month 12.
Can you imagine what 28 deletions would look like for your credit score? That’s a HUGE difference! It’s definitely the difference between getting into a house or not and even more, how many of your other bills could you renegotiate a lower interest rate on if you had a higher credit score, think about that.
Still with me…ok, one more.
Can you repair your own credit?
Yes, you can. But the bigger question is do you want to? You have the legal right to fight the credit agencies yourself. Think of it like this…you have the same right to represent yourself in court, but would you want to?
Most clients choose to have a credit repair company represent them simply because of the company’s knowledge and experience in dealing with the credit bureaus. Specifically, Lexington Law consists of paralegal attorneys that fight your credit for you. So just like having a lawyer represent you in court…you have a lawyer representing you in your fight with credit.
Lexington Law says:
Another factor to consider is the amount of time and follow-up required to coordinate disputes with all three credit reporting agencies and the creditors appearing on your credit report. Lexington Law has systematized the disputation of questionable credit through a trained staff of lawyers, paralegals and legal assistants, all using state of the art technology.
Ok, so hopefully that answered some questions that you may have about credit repair. I have tried to address the main questions that I get from my clients. I know that I can’t put them all down in this email, so if you have any specific questions, feel free to email them over to me. I will do my best to answer them right away.
Lexington Law Information:
https://www.lexingtonlaw.com/SecureSignUp/?tid=662.0.10608
Thursday, July 10, 2008
Stretching Your Limits!
Do you find it hard to get out of your comfort zone and stretch your limits? In case you don't know...I am not a big fan of heights. I have experienced different activities in the past that pushed my limits of heights (Hiking, Parasailing, Hot Air Balloon Ride)...but one recent activity last weekend topped them all. It was a great experience that tested my fear, endurance, and definitely pushed my limits.
On Vancouver Island, about one hour north of Victoria they have what is called Wild Play Parks. Their obstacle course is called “TreeGo”. It is an Aerial Adventure Tree to Tree Course which is an elevated obstacle course set in a beautiful Douglas Fir forest and securely suspended between the trees at 10 to 50 feet off the ground! Some of the elements of the park include zip lines, suspended bridges, scramble nets and swinging logs.
This activity is a definite “must do” and was a great experience because it pushed my limits and got me out of my comfort zone.
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