Comments for Buying Foreclosures Articles

Comment on Struggling Market? Now is the Time to Buy by Michael L

Michael L — Sun, 28 Feb 2010 10:33:59 +0000

Do some research on Video Professor. I think they’ve beaten you to the market. Although the market is by no way closed to new competition. I think 30+ is a bit young for a target market. I’m 49 and I am very quick with the computer. Most of the people I know are as well.

Of course if you deliver you courses via internet delivery, you run the risk of your target market (computer novices) not even being able to do a basic down load. Those people will also be wary of paying for something on-line.

You might want to start small. Give courses in a local senior center on e-mail, and picture software, so that they can communicate with their grand kids. I know I did that with my mother and mother in law, some years back.

Just a thought.
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Comment on Struggling Market? Now is the Time to Buy by Tim W

Tim W — Sun, 28 Feb 2010 05:31:02 +0000

I am starting a business making videos to help people gain the skills using windows in this struggling market.?
I would like honest input and serious advice for how to proceed with the plans for selling the lessons online and in a dvd format. my target market is from 30 and up to increase there marketable skills in this networked world and give them the basic tools to learn on there own. question how should I approach and address the issue if a person does not even know how to use windows and perform the basic functions I am proposing to teach them ? and how can I make it fun for them so it’s not a chore to do a little at a time in this " I want it now environment we live in ?" most people in the age group i am describing think they are too old to learn the skills or they do not understand the benifits that computer skills can offer in todays job market.

Comment on Why the Real Estate Market May Turn Around Next Year by goldenbrowngod

goldenbrowngod — Fri, 26 Feb 2010 08:10:59 +0000

I’d wait a bit

yes price are low but they are expect to get even lower in the future.

assuming the value of houses will go up to the value that they used to be may not be a smart move because a lot of homes where over valued in the first place.

now price may go back up a bit or they may just end up leveling out.

I think it will be a good thing if loans are a little harder to get. One of the reason for the real estate market crash is because banks where to lose with giving people loans they couldn’t pay.

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Comment on Why the Real Estate Market May Turn Around Next Year by Jewelh

Jewelh — Fri, 26 Feb 2010 08:08:59 +0000

I am a realtor, and it’s a good time, but it will be a better time soon as the interest rate is projected by some smart people to hit 5.5% - 5.75% on a 30 year fixed rate mortgage.

Whether it is a good time to buy in your area? No one can give a general statement that will cover the whole country. Things are generally pretty good to buy right now. A lot of homes and often desperate sellers , I have 3 of those, and one is my contractor father with a new house, and one is myself lol.

We got stuck because of financing and availability of sub contractors, and I sat and watched it coming for a year and couldn’t do a thing about it. Another is a long term client who I told to sell his house 2 years ago and wait for the coming dive in the market, but did he listen? Nooooo

Get with a good banker, ask them when the drop is coming, and watch the market. Get your home tied up when you can lock in a really low rate. That’s the best thing I can tell you.
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Comment on Why the Real Estate Market May Turn Around Next Year by CaesarLives

CaesarLives — Fri, 26 Feb 2010 08:06:59 +0000

It’s now a great time to buy in those areas that have been most dramatically affected by the housing downturn. The worst housing market in the country with the highest foreclosures, Stockton, Ca, is now a great place to buy a home. Houses that were selling for $300k 2 years ago are now selling for $100k. The land is worth that much. The replacement cost of the homes are nearly $200k, meaning if you bought a home for $100k and it caught on fire and burned to the ground, the insurance co. would pay you $200k to rebuild the house. If you choose not to rebuild, you could pocket the $200k and sell the lot for $100k, turning a $100k investment into $300k. After paying off the loan you’d still have $200k, doubling your investment virtually overnight.
Just illustrates how undervalued some markets are right now, and also points out that these homes are worth at least $200k.

In areas of the country less impacted by the housing slump, it may not be such a great time. When the Federal Reserve begins increasing interest rates (soon) demand will slow, causing a further slump in most of those ‘healthy’ markets.
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Real Estate Agent in California

Comment on Why the Real Estate Market May Turn Around Next Year by LeAnne

LeAnne — Fri, 26 Feb 2010 08:04:59 +0000

I think it’s a good, solid and tangible investment - and a hell of a lot better than a portfolio full of Enron, World Com, Fanny Mae, Freddy Mac, etc…etc….stocks.
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Comment on Why the Real Estate Market May Turn Around Next Year by rxing

rxing — Fri, 26 Feb 2010 08:02:59 +0000

buy buy buy
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Comment on Why the Real Estate Market May Turn Around Next Year by Bushwacked

Bushwacked — Fri, 26 Feb 2010 08:00:59 +0000

A good time, Buy low, sell high. It’s a common rule.
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Comment on Why the Real Estate Market May Turn Around Next Year by harry k

harry k — Fri, 26 Feb 2010 07:58:59 +0000

There are basically two reason for buying real estate.
1) A place to live
2) As an investment.

1) As a place to live, it doesn’t really matter "when" you are buying a house. You have to live somewhere and it will cost you, to rent or to live. People claim that their primary residence is an investment, but actually it isn’t. They claim it’s better than paying rent, however they never really look at the overall picture of owning. Somebody buys a house for $100K and sells it 30 years later for $200K and claims they made $100K. But they don’t count the $250K paid in interest, the $100k in property taxes, upkeep and many other fees over that 30 years.

2) As an investment, it doesn’t really matter when you buy but how you buy. If the property you own is throwing off positive cash flows, then you need to compare the rate of return you are getting from your initial investment to the cash coming from that investment compared with what you could be getting elsewhere from that same investment. It has nothing to do with the real estate market.
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Comment on Why the Real Estate Market May Turn Around Next Year by Chupate esa!

Chupate esa! — Fri, 26 Feb 2010 07:56:59 +0000

Depending on where you live you may very well be at the bottom of the market. That makes it great to buy. Home prices have dropped so much that it is the best time to buy now before prices start going up again. Interest are still low but not for long either. Buy now.
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