Posts tagged ‘Buying A Home’

Lowest US Home Values

Trying to find home value? Wonder what your house is worth? Obviously, there is an assumption that bad inner city areas across the country have the lowest property values. I’m going to assume that you’re looking for information on what regional areas or locations in the country have low property values.

So if you want to answer “Where are the lowest property values in the U.S.?” you will definitely need to do a little research on the internet. According to data from the Census Bureau, seven states in the South have low median home values. Here is a ranking of the five states with, traditionally, the lowest median house values:

  • West Virginia
  • North Dakota
  • Mississippi
  • Arkansas
  • Oklahoma

You can catch low property values on the news, but often news coverage has a national slant. If you’re looking for specific home values in your area and not across the entire U.S., real estate agents always have the best information on home values in your area. Connect with one of them to determine your house appraisal value and whether or not now is a good time to sell your house.

October 30, 2008 at 4:00 pm 1 comment

Comparable House Prices

It’s a challenge in today’s ever changing real estate market to quickly and easily find the information you need about the accurate price of your estate or property. Finding comparable house prices of homes in your town or city is the first step to discovering what your house is worth and what you can feasibly sell your own property for.

Internet based services make finding comparable house prices a cinch. Online house value calculators are simple to use and readily available. With most, you enter your zip code into our online calculator.

More research is really needed to find comparable house prices in your area, however. There are websites that provide this type of information, but professional real estate agents that do thorough research are probably the best source a person that needs home information has. With accurate listings of what other houses in your area are selling for, most real estate agents can give you comparable house prices quickly over the phone.

Want to know the greatest part of working with a real estate agent? It’s most cases, it’s free! Sick of paging though ad after ad of realtors in the newspaper or Homes and Land? There are websites that will play matchmaker with you and a real estate agent, putting you together with a housing market expert in your area.

Where else can you go, in your pajamas, and find all the real estate information you’ve been waiting for? The internet, of course!

Whether you’re browsing the home market or seriously considering purchasing a new home, use an online calculator to get an estimate of your house value, then connect with a real estate agent to find the real answer.

October 27, 2008 at 2:02 pm 3 comments

Manufactured Home Values

If you are looking to find the value of a home that is manufactured, there are several good places to start your research.

  • Search online
  • Look in your telephone book for the nearest retailer
  • Go to the actual retailers who build and sell these houses

The retailers will obviously have information on brand new house prices, but if you’re looking for an idea of cost for purchasing a home, this is obviously the place to go. If you are considering a manufactured home as an investment, know that mobile homes typically decrease in price rather than increase. If you do a lot of improvements to the house, any home will be higher in the future than the few years before the improvements.

Want another way to find a manufactured property value? Do a search on the internet and try to find a website that has mobile house listings. For accurate manufactured home values, you should probably connect with a local real estate agent.

October 24, 2008 at 2:30 pm 1 comment

Rent To Buy New Jersey Homes

In the market to purchase a new home in New Jersey? Have you considered a rent to buy?

If you have poor credit, it can help start to get your credit rating back up. With rent to buy homes, you are renting the property at first. While you are paying an extra $300.00 to $400.00 per month along with the rental price, the extra money is put into an escrow account. At the end of the year, there will be enough funds in this account for closing costs. Keep this in mind when you are trying to establish property value.

Considering a rent to buy home isn’t a bad thing to do. Consider:

  • You do not have to get approved for a mortgage
  • You can live in the house and apply money towards a mortgage closing
  • You can establish a track record of the monthly payments

The only problem with rent to buy homes… being able to come up with that extra $300.00 or $400.00 dollars a month! There are a lot of sellers of property that are willing to go with the rent to buy because they will know if you can afford to keep up with the payments.

Beware, though, that if you are not able to make the escrow payments, the owner you are renting-to-own from gets to keep all the money you put into the escrow account AND the money put towards the rent.

The main idea behind a rent to buy is an arrangement that allows the buyer some time on getting a mortgage, and also lets them get the house right away. If the house of your dreams is up for sale as a rent to buy, it is a great idea.

October 22, 2008 at 7:30 pm Leave a comment

Inflated House Values

With inflated house values, 2006 was a great time for homeowners to sell their property. They were able to get top dollars for their homes.

Today, we live in a different economy, and a different housing market. The biggest problem with inflated house values was for the people who were in the market to buy a home. Inflated house values made it very difficult for couples just starting out to try and purchase a new home. Wages were not rising as fast as the inflated house values.

Right around the peak of the bubble was the first time in recent memory that purchasing a foreclosure property or a fixer upper became an increasingly popular idea. At the time, there seemed to be no way to tell when those inflated house values would drop, or if they ever would.

For people thinking about selling their homes, the housing boom was great. People who wanted to sell could almost buy a home one day, and put it on sale the next.

If you want to see just how high these inflated house values really were, consider contacting a local real estate agent who’s been in the business since at least 2000. They likely have the best industry research at their fingertips to show you how much prices have changed in the wake of the “burst bubble” on the housing market.

October 21, 2008 at 4:46 pm Leave a comment

San Antonio Texas House Valuation Research

San Antonio is an interesting place when you consider the area’s housing market. Texas is an interesting state, meaning that the overall housing market there is not in as bad of shape as some other states of a similar size. Cities like San Antonio have even seen home values increase over the past few years.

As of 2007, median house prices in San Antonio appreciated around 13% over the previous year, according to HouseAlmanac.com.

City-Data.com has some great information on San Antonio, also. While the median house price in San Antonio is below the median home value across the state of Texas, the median gross rent for its residents is $698. Cost of living in San Antonio is also below the national average.

The population of San Antonio has been on the rise since 2000, but not in a disproportionate fashion, compared to large cities in states like California, Florida and Nevada. Steady population growth has kept the city’s home values from getting too caught up in the housing bubble.

San Antonio seems to be a good location to be buying a house, even in today’s market.

October 9, 2008 at 7:00 am Leave a comment

Used Mobile Home Value Discovery

Trying to find the value of a used mobile home? Consider contacting a local real estate agent that deals with the mobile home market in your area.
Some resources can provide information to individuals looking to sell their mobile home, but the majority come from real estate agents or mobile home dealers that have an inventory of used homes to sell. The value of mobile homes will change depending on:

  • Type of house
  • Size
  • Style of floor plan
  • Amount of interchangeable parts
  • Amount of distance required to travel (if you are moving it to a new location)

October 8, 2008 at 4:00 pm 2 comments


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