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Hud closing update

Many of you heard that there was a window of opportunity for us  yesterday  for us to be able to ship for closings for HUD transactions.  As of  5pm yesterday HUD will  no longer accept any more sets of figures for this week and due to the VA holiday.   This mandate will stay in place because these closings are still with MCB and the switch to the three new asset managers still has not taken place and this is for a temporary time only.
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HOUSE FLIPPING: A BEGINNER'S GUIDE FOR SUCCESS

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Flipping a house means buying a home with the intention of fixing it up and selling it within six months for a profit. Americans flipped 26,947 single-family homes in Q3 2014, accounting for 4 percent of all home sales in that period, according to real estate data firm Realtytrac. The average gross return for investors was $75,990 per home, up 2 percent from Q2. Flipping houses can be profitable, particularly when home values are rising and interest rates remain at historically low levels. The Federal Housing Administration stopped enforcing anti-flipping regulations—which prohibited insuring any home for less than 90 days—in 2010. If you're looking to get into the home flipping business, follow these four guidelines for the best chance of success. Build a Bankroll Everything in life requires money, and house flipping is no exception. You could take out loans to buy properties, but then you are just creating debt in the hopes of making money. A smart house flipper who w...
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5 Mistakes First-Time Home Buyers Make

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First-timers can be eager to jump into home ownership. But real estate experts say they see them committing the same mistakes, time and time again. Here are some of the most common ones, as identified by experts in a recent CNBC article: Read Article 1. They’re unprepared to compete against all-cash offers. 2. They place a car ahead of the home. 3. They place too much emphasis on online loan information. 4. They bank too much on online home values. 5. They forgo the home inspection. 
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Centennial - Piney Creek January to March 2008 single family home sales report

7 residential closings up 700% over the same period in 2007. Absorption Rate is ok at 9.0 months. Its not possible to determine any kind of trend since the first three months of 2007 only saw one sale. but it is very encouraging that the sales are off the roof during the same period in 08. Also checkout the average sales price. Jan - March 2007 Jan - March 2008 % Change # of sales closed 1 7 700% # of sales Closed - YTD 1 7 700% Avg Days on Market 229 136 -59% # of Active Listings - 21 - Absorption Rate (months) - 9.0 - Average $ per SqFt 105 148 141% Average Price (Sold) 406,800 622,314 153% Click here for active homes for sale in Piney Creek Absorption Rate Definition Disclaimer - the information and commentary provided in this Blog are opinions of Homes And People and should be used for informational purposes only. All sales data is from the MLS and the information is deemed reliable but not guaranteed.
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