1/28/2011

Orange County Sparks a Recovery?

It's spring and I feel the turn. It will be 79 degrees here today. I can see a Goldrush of people in the NorthEast who might be tired of shoveling snow moving here. How can we attract them? Jobs?

1/27/2011

Freddie MAC Guest Speaker

2011 REALTOR SUMMIT






KEYNOTE SPEAKER



Dr. Frank Nothaft



Chief Economist for Freddie MAC





Dr. Nothaft will address national and local economic conditions and the real estate environment







DATE: February 7th 2011

The Doubletree Hotel

8:00 AM - 12 PM Breakfast will be served





RSVP: caroline.barbeau@cox.net

1/23/2011

Rent or Buy?

Is it time to buy or rent?


Timing is everything.

The choice should be a business decision not an emotional one. If the bank tells you your ratios are too high, take it as a blessing that this is not a sound selection at this time.

Pros:

Buying a house is a tax deduction (assuming you need a deduction).

Owning a house gives you the freedom to stay as long as you like and do what you want.

Cons:

If you are thinking employment promotion or moves upward- you will be stuck with location.

Often you can rent cheaper, but with a limited palette and expect increases.

Solutions:

Buy less than you think you can afford which allows breathing room.

Put as little down payment as you might and let the insurers’ bear the worry.

Shop very carefully for a deal.

Take your time. Do not fall in love with a house it is just a thing.

Enlist expert representation and investigate everything.

Everything in the universe falls apart- have a budget for those older items in the house.