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I will attempt to explain the government’s $700 billion bailout of Wall Street from a real estate point of view.

Let’s consider a hypothetical example: Suppose you own a home mortgage-backed bond that consists of 100 subprime home mortgages. 76 of them are paying on time and 24 are behind in payments.

Your bond obviously does not have the best reputation and you receive an... Read More

Water leaks can rank among the least favorite homeowner repairs, but are absolutely not to be ignored, especially to maintain the home value first, second environmental health and of course third appearance.

The most common sources of water damage are a broken or leaking pipe inside the wall or underneath the concrete slab of your house. Second most common is a clog in the... Read More

Proper disclosures about your house are very important, whatever type of market it is.

It is illegal for you and your real estate agent not to divulge facts about the house that will affect property value, desireability or salabilityand most smart buyers will walk away if they suspect facts are being hidden.

If you sell your home and lie by omission and get caught you can... Read More

In real estate market news what do you do if you inherit property?

"A lot of people have enough to do just to maintain their own property and now all of a sudden they have another piece of property they have to deal with -- that's a little difficult, says Carl Izzo, Managing Director at Fiduciary Real Estate Advisors in Boston.

1. The first step is get legal advice. The... Read More

Here is another important home selling tip for any real estate market. This one is especially for those planning on home selling in the spring- lawn care. To prepare for spring, the lawn care need to be done in the fall. Good landscaping can help the home value 5-10% and greatly add to curb appeal.

Here are some tips:

1. Areate the soil. Make sure to rate to get rid of leaves... Read More

www.SellMyHouse.com continued its aggressive expansion strategy today with the announcement of its strategic partnership with 1-800-Sell-Now.

www.SellMyHouse.com is a national information and service center designed to provide home buyers and sellers resources and options under ‘must sell’ scenarios. SellMyHouse.com has a national investor and Realtor network providing services... Read More

With the housing market in turmoil, homeowners are seeking lower cost selling solutions that offer maximum marketing exposure to their property. Everyday Americans need to supplement their full-time jobs with part-time income. SellMyHouse.com is excited to announce our NEW FSBO Advertising Program designed to give our Affiliates an opportunity to earn extra income. The best part is... Read More

What is the difference between a mortgage pre-qualification letter and a mortgage pre-approval letter in the real estate market? They appear to be very similar on the surface.

A pre-qualification involves the person potentially buying a home contacting a mortgage lender/mortgage representative, usually on the phone, who ask the buyer to provide some information. This... Read More

Down payments are trickier than you think in buying a home in today’s real estate market. The lender needs to know how the funds were obtained and that you have total control over them for at least several months. They cannot be borrowed because that is considered to be a debt that has to be repaid. The money can be a gift but only up to a percentage allowed by the loan... Read More

Very few “zero down” loan programs exist in today’s real estate market, meaning a down payment will be needed in buying a home. Your down payment becomes instant equity at closing and can be borrowed against with a home equity loan or line of credit. Other advantages of a down payment in buying a home include: borrowing less money, increased lender choices when shopping... Read More

Where do lenders get credit scores? Mortgage lenders do not just use credit scores from Equifax, Experian, TransUnion and Fair Isaac’s myfico.com to judge credit worthiness.

Consumer Reports recently found that lenders also use NextGen FICO scores, FICO Expansion Scores and Industry Option FICO scores, which also take car loans into consideration as well as custom formulas.... Read More

It’s a tough market for home selling. Yet, real estate agents say, there are people out there ready to buy a home and it is possible to sell a property if the right steps are taken.

The Best Offer is Often the First Offer: Agents have found that if you get an offer in this market, you’d better try to make the best of it and live with it if you can, because there isn’t always... Read More

If you are buying a home or home selling, understanding some basics about electricity can be of assistance to you.

In the past a 50 to 60 amp electrical service was all that older houses needed. Today a minimum of 100 amps is needed and depending on the size of the home and the number of electrical appliances installed 200 amps might be advisable. Generally if the home is... Read More