Monthly Archives: May 2015

Stop Home Foreclosure – Simple Steps to Save Your House

Stop home foreclosure: You do not have to lose your home. If you are in danger of losing your property due to non-payment of mortgage, you need to start right now to stop home foreclosure. Taking the steps necessary to stop home foreclosure is not that hard. All you really need to stop home foreclosure is some know-how and the determination to keep your house. Since you likely are already determined to hold onto your house, keep reading for the insider tips and tricks to stop home foreclosure.

Step #1 to Stop Home Foreclosure: Assess

The number one mistake many homeowners make when facing foreclosure is denial. Many homeowners do not stop home foreclosure simply because they are too embarrassed or upset to look at foreclosure directly. They would prefer to ignore collection calls and letters rather than face the music. If you avoid this one issue, you can often stop home foreclosure quite simply.

As soon as you realize you may have problems paying your home loan for a month or two, contact your lender and work out a payment schedule or solution. Depending on your situation, the lender may give you more time to pay, may work out a payment schedule so you can stop home foreclosure, or may buy the home from you in exchange for forgiving the loan. The fact is, the lender only wants to get the money owed to them. Keeping the lines of communication open between you and the lender can help ensure that you stop home foreclosure, simply because the lender will be reassured that you are responsible about your financial problems. If you stop home foreclosure by working out a solution with your lender, you will get peace of mind as well as a still-decent credit rating.

You may also want to learn more about how to stop home foreclosure in order to feel more confident that you can save your home.

Step # 2 to stop home foreclosure: Alternate financing

Many home owners face foreclosure simply because they cannot afford their home loan. In some cases, this is because the home loan is too large for their income. In other cases, it is simply because an event – sudden illness or loss of job, for example – have left them unable to pay. Fortunately, if your home loan bills are simply too high, there are several things you can do to stop home foreclosure:

* Refinance with your lender. Your lender may be willing to refinance your current loan, giving you a longer term and smaller monthly payments so that you can afford your payments.

* Find a passive income. Renting part of your home or finding another way to make money in excess of your regular income can help you make your mortgage payments on time and stop home foreclosure.

* Liquidate assets. Selling your property or other assets can help you pay off your debts and arrears, stop home foreclosure, and get back on track financially.

* Find refinancing from other lenders. There are many lenders out there competing for your business. Some may be willing to offer you refinancing on your home loan. Even though you will pay more long-term by stretching out your home loan, you can stop home foreclosure by making your payments affordable again.

Step #3 to stop home foreclosure: Find alternate ways to stop home foreclosure

If you face a serious situation in which you will be unable to pay your mortgage in the long term, neither refinancing nor talking to a lender may help much. In such a situation, you may need to bring in third party investors to stop home foreclosure. By offering your home for sale in pre-foreclosure, you can often make some money, preserve your credit rating, keep your home equity, and stop home foreclosure as well. In some cases, you can even keep your home. If you cannot pay your mortgage, then letting go of the home as early as possible may be your best solution. You can always buy more affordable foreclosure homes later on to live in.

Cheap Homes For Sale In Great Towns

Good Homes Under $50,000?

My wife Ana and I found cheap homes for sale all over the country during a seven-week drive, and we even bought one along the way. It was in a pretty little town in the mountains of western Montana, and it cost us $17,500. We spent almost $2000 to fix it up the way we liked it, and lived there for several months before selling it for $28,000. You can see a photo of our little pink house on the homepage of our site www.HousesUnderFiftyThousand.com. This was not a fluke. There are still great towns where you can find cheap homes for sale.

Cheap Homes, Nice Towns: An Example

In Anaconda, Montana you can fly fish, go to a movie for three dollars in a beautiful old art-deco theatre (the 5th most beautiful theater in the country, according to the Smithsonian), drop some nickles in a slot machine (a dozen casinos), eat at a fine restaurant, stop by the bar for a dollar beer, and buy a house for sale under $30,000 – all within a four block area! There are good schools and churches, a library with fast internet service, and wildlife (including bears) a few hundred yards from downtown.

Why Are There Cheap Homes For Sale?

The reason there are so many cheap homes for sale in Butte and Anaconda, is that there aren’t many good jobs left. I personally found jobs in Anaconda easily-but not good ones. People left the area in the 80’s especially, after the mines and smelters closed. This exodus has left one-in-seven “housing units” in Anaconda vacant, according to the U.S. census. This has driven down the prices of homes dramatically. Since both towns still have all the basic ammenities, are cleaner now, and are slowly recovering, they are great places to retire to or to move to if you have an internet or other non-location-based business.

The economic situation is the primary reason that you can buy a cheap house in many parts of the country. These are towns that have seen troubled times, but are often recovering, and with good reasons. Anaconda, an example we know well, now has a ski resort,a Jack Nicholas golf course, and beautiful mountain scenery. The houses cost four times as much if you go an hour in any direction, and those higher prices are bound to reach Anaconda eventually.

Cheap Houses You Don’t Want To Buy

On the other hand, there are towns like the one in South Dakota where we stopped for lunch. The bulletin board had ads for cheap homes for sale, placed there by desperate home-sellers trying not to be the last to leave town. There was a photo of a beautiful old five-bedroom farmhouse for $11,000. We looked up the deserted street as we ate, and noticed that most of the buildings were boarded-up. This was a town that was clearly dying, and didn’t have anything to help revive it. Inexpensive homes are easy to find here, but I wouldn’t take one for free.

Cheap Homes For Sale In Paradise

Maybe paradise is too much to expect, but there are many wonderful towns, from Florida to Oregon, where there are cheap homes for sale. So what does a town need in addition to inexpensive houses in order to make our list? Well, the criteria are certainly subjective, but include at least the following:

1. Population between 4,000 and 80,000.

2. A good library.

3. A good grocery store.

4. A movie theatre.

5. Cheap houses: at least six for sale under $50,000.

6. The town “feels” good.

When we researched and built our website, we broke the towns up into two pages. One is for the towns with houses for sale for less than $50,000. The other is for the towns with really cheap homes for sale – under $30,000! Yes, they are still out there. Using a phone and the internet, searching for your affordable dream home is easier than ever. Good Luck!

Mobile Homes Abroad – Buying a Mobile Home Abroad

Have you ever thought of owning a property outside your country? If you have, one thing that you’re most probably worried about is if you could afford it or not. After all, the price of properties is seemingly reaching new heights year after year and this makes it very difficult for someone to achieve the dream of owning a home overseas.

Fortunately, such is not the case with buying a mobile home abroad. This type of home is very much recommended especially if what you want is a home that could serve both as a holiday home and as something where you could permanently dwell. Buying a caravan abroad is an even cheaper alternative to owning your own home somewhere else aside from where you are. Hence, it’s basically being able to get quality homes for less.

In the days of old, a mobile home used be classified as a caravan. These days, it’s seen as something more than that. Nowadays it is considered a residence. First time home buyers who cannot afford a traditional home overseas may opt to buy a caravan if what they want is a quality property that a fraction of the traditional bricks and mortar.

Aside from the fact that buying mobile homes abroad is usually cheaper, it has other advantages, especially as opposed to buying traditional counterparts like villas and apartments. Below are just a few of the advantages:

Advantages of Buying a Mobile Home

  • It can be as stylish as you want it to be. Just because it’s a mobile home does not mean that it can’t be as classy and as beautiful as any other bricks-and-mortar home. First of all, you can purchase a mobile home with one or two storeys. Then, you can have it custom-made complete with cathedral ceilings, fireplaces and immaculate kitchens.
  • Location won’t be a problem. As suggested by the word “mobile,” you can choose from the many different coastal and countryside locations wherein you can station your mobile home. You have the freedom to choose the area that could suit your requirements.
  • It is convenient and portable. You can move your home from one site to another. You can just move anytime without to much hassle.
  • You can earn extra money from it. Another good thing about a mobile home is that it is “rentable.” You can charge a certain fee for other people to use it when you’re not resident.
  • You can bring it home with you. If, in case you decide that you do not wish to live abroad anymore and you want to go back to your homeland, you can just take the mobile home with you.
  • It boasts a built-in temperature-controlled environment. Mobiles are of a higher calibre than traditional homes because there is very little chance that they will be exposed to dampness and moisture. Weather won’t affect the building process, nor will it damage them. This will save your pocket from spending for expensive repairs.
  • You can choose the features you like. There is an array of styles and designs to choose from as you decide on the look and model of your mobile home. In fact, you can get an entire set of appliances to be shipped along with your home if you wish.
  • The construction is definitely faster and less expensive. Let’s take the case of a traditional home. If you would ever think of changing or adding something to the design of that home, the budget allowance would be high since you may require an architect, new floor plans, and permits. On the other hand, construction of a caravan is three times faster and it won’t cost you that much.

However, while there may be advantages, there are also disadvantages of buying a mobile.

  • For one, if you own the land on which you plan to place your manufactured home on a foundation, it will be treated like a site-built home. Therefore, you can take advantage of all the tax benefits and appreciation. However, if you were to place it on a mobile home park where you simply rent the lot, you will not get all the tax benefits meant for real estates and the value of your home depreciates as time passes.
  • Secondly and based on recent statistics, more than a third of mobile home buyers report plumbing and electrical problems. Obviously, these are also the same problems encountered by traditional home owners. Hence, one can safely say that these so-called disadvantages are common ones.

Given all these options, buying a home abroad may be quite a challenge. However, it’s a challenge that can be fulfilling, especially if you choose the best mobile that could address your needs. You can start choosing your mobile home by browsing through our listings here or by visiting our website for details on mobiles for sale abroad. While brand new mobiles are the better option, don’t think that you can’t jazz up a second hand or pre used mobiles. Just add a dash of your creativity and taste and you’re all set to driving into the sunset with your unique home abroad.

Advantages of Modular Homes for the Builder-Developer: Part 2

In Part 1 of this article, we discussed the great advantages of modular home building in terms of time, costs, and efficiency savings for both the builder-developer and the home buyer. Part 2 of this article will discuss other advantages of modular homes.

There are many advantages to the modular home building market that will benefit both the home buyer and the builder-developer. We’ve already discussed how the builder-developer can save money by avoiding weather-related days and by buying materials in bulk. And, by having all of the laborers supervised together, the builder-developer can control the quality and consistency in the homes.

These advantages transfer to the home owners by allowing the builder-developer to offer homes built with quality for a lower cost at a more frequent rate. A builder-developer can build out his property with quality built homes in a shorter period of time. And the buyer can have peace of mind in knowing that his home has been built with the same quality materials as a traditionally built home.

The buyer can also rest in knowing that his modular home is viewed by his financial institution in the same way as a traditionally built home, meeting the same construction code regulations and zoning laws. This allows many home buyers to qualify for home loans that fit within their budgets and offer competitive interest rates.

Since modular homes are inspected frequently during the total construction process, and quality-control is highly regulated, the home buyer can rest assured that his home with offer lower maintenance costs and energy efficiency, which will keep down his day-to-day expenses.

These advantages make the modular home appealing to home buyers who are looking for a quality home that won’t break their budgets. Therefore, a builder-developer can build out his property knowing that he will have many qualified buyers competing to buy his homes.

Another advantage for the builder-developer is the ability to offer customization to his home buyers. Modular homes can be built from specific plans from the builder as well as custom plans that the buyer can provide. And by using the latest in computer technology, any plan can be changed further to the customer’s satisfaction.

Modular home plans cover all types of homes in all sizes, from vacation and starter homes to immaculate executive homes and even multi-family homes. Many builder-developers are also using the modular building process for professional office building development. The possibilities are limitless.

With all these advantages for the builder-developer, it’s easy to see why so many are moving to the modular home building market. Don’t you want to be a part of the fastest-growing home building process in the country?

Super Affordable Prefab Homes Are The Way To Go

Prefab homes have been available for years. They are affordable options for people who want a home but can not afford the down payment or financing associated with a traditional style home. It used to be that prefab homes were of lower quality and you could tell what was custom built and what was merely a prefab home. However, nowadays, there are many styles of home to choose from and prefab homes can look as attractive as any traditional style home. Most prefab home builders have several varieties of home from which to choose and they styles range from traditional to rustic to modern. Whatever your personal home style, there will be prefab homes that are available to suit your needs.

Prefab homes are constructed mostly in a factory and then assembled on the site where the home is supposed to go. This helps speed up the construction process by a lot. There are various types of prefab home available and some are more appealing than others. Fr example mobile homes are generally considered a type of prefab home. However, even though the quality of a mobile home is good, they are not up to the quality of other types of homes. There are also often restrictions on this type of home in certain communities. Because of home owner associations, there may be restrictions on the type of home that can be built so be sure to check with the area in which you are building before committing to anything.

Modular homes are often not as restricted as mobile homes and there is a lot more flexibility to these. They can be customized or made from an existing design then put together on the site for the home. Panelized homes are those that are whole walls that are shipped to the job site to be assembled. Once there, insulation is added. Many of these types of home are also not allowed in neighborhoods so check on restrictions. Log cabins are fast becoming a popular choice in prefab homes. It lends a rustic feel and is perfect for a small piece of privately owned land for a vacation getaway.

Mobile Home Community Parks

Mobile home community parks are areas where several mobile homes are put up together. The people residing in the homes may be the owners of the homes themselves, or they may be tenants living in the homes on rent. There are about 1,500 to 2,000 mobile home parks in the USA.

In the earlier days, mobile home parks were referred to as trailer parks. The constructions of the homes were often shoddy and of low quality. These parks did not conform to hygienic standards. All these factors led to trailer parks being considered substandard and indicative of a low societal status. However, perspectives have changed in modern times. Mobile homes are today better structured and organized. They have to adhere to guidelines laid down by the Housing and Urban Development Code. Some mobile home parks today sport doublewide homes which are built of almost the same materials and are as beautifully crafted as on-site homes.

The basic purpose of mobile home parks is often to rent them out. Owners offer their homes to people for rent, even sometimes sourcing their livelihoods through them. In rural areas, the tenants have rights over the entire home as well as the pads surrounding them. However, in more desirable areas, tenants can have rights only over the space within the home, and not the home itself. The home remains the possession and the liability of the owner. This explains the higher standards of modern mobile home parks.

Mobile home community parks are considered to be housing solutions in times of disaster. During natural calamities such as floods, hurricanes and earthquakes, the people rendered homeless are often put up in mobile home parks run by governments. Other than that, mobile home parks provide residences to victims of war and refugees. Such mobile home parks are totally maintained by governments and are temporary settlements. People living in them do not have to pay any rent, or perhaps have to pay just a nominal amount for their upkeep.

Today, doublewide homes are becoming much popular in mobile home parks. Mobile home parks look more sophisticated and are better managed than their earlier versions. Singlewide homes are still popular in certain places, but overall their number is slowly dwindling out.

At Home In Your Overseas Home

Homeownership, in any form, is a big step for most people. In fact, it’s often one of the biggest financial decisions of our lives. Despite that, sometimes a homeowner in one country will want to buy a second home in another country, whether for a vacation home or future retirement. Usually they make this decision after realizing they visit the same country every chance they get, but sometimes it’s because they have relatives or friends nearby too.

Anyone considering buying a second home overseas will of course want to make sure they’re comfortable with the cultural and language differences they’re bound to encounter. If you’re used to visiting the area regularly, you will no doubt already be familiar with some of these. To be sure, you may want to rent a home in that area first, maybe even for a few years in a row, before purchasing your own home.

When you’re certain you want to buy, be sure to enlist the help of real estate and legal professionals in your chosen country. This is a good idea of course even in your home country!

When shopping, you will want to be as thorough as you would when shopping for your main home. Inspections, neighborhood comparisons, and location considerations are just as important. You may want to talk with other homeowners in the area to ask about home construction quality, security issues, etc.

You will need to make suitable financing arrangements too, and consider current interest and exchange rates where needed. Don’t forget possible tax implications in your home country as well.

Finally, be sure to think about arrangements for someone to look after your second home when you’re away. It will need to be checked and maintained regularly, just as your main home.

Why Prefab Homes Are More Popular Than Ever

Prefab houses should not be classified as mobile homes. This is a common myth. As more people learn the truth about modern prefab homes, they are becoming more popular. These beautiful and customizable homes are affordable, environmentally friendly, and very easy to build.

Prefabricated houses are homes that are built predominantly off site. A homeowner chooses a floor plan and the panels are then assembled. Once assembled, they are shipped to the building site. The construction crew will then assemble the panels and build the home. Since there is less to build on site, the home is built significantly faster than a standard construction home.

A lot of people like the fact that they can get a home built faster. When there is a particular plot of land that is desired, it can be time consuming to wait for an architect to design the home, hire the construction crew and build the home from the ground up. With prefab homes, things are different. The homes can be chosen from a wide array of models in a catalog. Then the pieces are shipped to the site, leaving assembly as the only thing really left to be done.

The less construction is done on the site, the less labor is typically required which reduces costs. Depending on the model, the materials, and the location of the home, it is possible for homeowners to save about 20% off of a new construction home. In today’s economy, many people are watching their budget so this is a great option for those who want a custom built home that is more affordable than a site built home.

Home buyers are beginning to learn more and more about prefabricated homes. Standard home builders can be limited in their offerings. They build within a specific community and offer three or four models to choose from. There are often no options to make changes to the sizes of the rooms, the total square footage or anything else.

Many people don’t want a “cookie cutter” home. Modern prefab homes can be easily customized. Since the premise of this style of home is the assembly of panels, the panels can be adjusted based on the desires of the homeowner. If someone wants a larger kitchen, a larger garage or even a different sized living room, it’s possible to get this.

Homeowners are able to work with a building specialist at the prefabricated home company. Once a basic floor plan is established, adjustments can be made. Then the floor plan will be sent to the production team that will begin creating the different panels. Those will then be shipped and assembled on site.

Modern prefab houses are hardly what anyone would consider a mobile houses. While in the very basic sense they can become a mobile home, they are not the same. They are stronger, more customizable, and more attractive. Stone, stucco and brick can be added to the outside of any prefabricated home. This adds a custom look that creates something unique for the homeowner.

Everyone wants to be able to obtain their dream home. The problem is that traditionally constructed homes are often very limited in their offerings. Even if you find a site constructed home that has everything you want, they are often expensive and without customization options. With the prefabricated homes on the market today, it’s no surprise they are becoming more and more popular. Today’s homeowner demands more, and prefab homes deliver.

How To Get Top Dollar For Your Home – Fast

1. Time is money when selling your home

After you’ve made the decision to sell your home, the longer it remains unsold on the market, the more it costs you. Many home sellers feel it’s very important to receive close to their full asking price. But they overlook the additional months of carrying costs, such as mortgage interest, property taxes and maintenance. I’ve seen homes remain unsold on the market for years! Obviously, those home sellers are not highly motivated to sell. If they’ve already moved to their new home, maintaining a vacant, overpriced house can be very expensive, usually costing $1,000 or more each month the home remains unsold.

2. Get your home into near-model home condition

Most home buyers today want to purchase a home which is in basically good condition and does not need major fix-up work. This is called a “red ribbon deal” home because it’s like a gift wrapped with red ribbon.

There are few buyers for fixer-upper houses–and they want bargain prices to compensate for the necessary work. The goal of home sellers who want to sell fast for top dollar must be to get the home into near-model home condition. However, spending major money is not required. Most homes just need basic, inexpensive work to get the residence into very good condition where all the buyer must do is turn the key in the door and move in.

3. The reason most homes don’t sell–they are overpriced!

Many home sellers want to set their asking prices above what their realty agent recommends. These sellers often hope an out-of-town buyer will overpay for their home. That rarely happens! There are several reasons, such as buyer’s agents who look out for their buyers, competitive listings which are realistically priced close to market value, and lender’s appraisals which reflect market value. Buyers quickly become experts on home values after they’ve inspected a dozen or more similar homes in the vicinity. They rarely overpay. Most homes have a “range of values.” Many factors influence this range of values–such as local economic conditions, the home’s location, supply of similar homes in the same price range listed for sale, number of buyers currently in the marketplace, the physical condition of the home, the skill of your realty agent to properly market the home to as many prospective buyers as possible, the financing available, quality of the local school district (the best schools create home buyer demand), and the desirability of your home compared to other nearby homes now available for sale.

4. Be flexible–don’t get greedy

If you’re just testing the market and will sell your home only if you get your inflated asking price, then you’re not a serious motivated seller. However, if you are motivated to sell, the best attitude is to be flexible, don’t get greedy and don’t insist on receiving the last dollar of profit. Instead, consider all purchase offers which are presented. No matter how low and insulting the purchase offer might be, make a counteroffer! After several days or even weeks of counteroffer negotiation back and forth, home sales often result. But sellers who are inflexible and don’t make counteroffers have only themselves to blame when their home doesn’t sell because they are inflexible and greedy.

5. Get out of the house!

Finally, if you listed your home for sale with a professional realty agent, let that person (or a buyer’s agent) do their job. Whenever you know an agent is bringing a prospective buyer to inspect your home, even on short notice, get out of the house! There’s a very good reason you don’t want to meet the prospective buyer.

Experienced realty agents will tell you that until a buyer criticizes a residence, he or she is not a serious buyer. If the seller is hovering nearby, the prospect usually will not criticize your home. Instead, he or she will look at it and leave without making a commitment to that possible future residence. Also, the buyer’s agent won’t comment about the pros and cons of the house if the seller is within hearing range. Even if you just walk around the block 10 times while a buyer inspects your home, get out! Also, get your pets out–there is nothing worse than an offensive pet (or pet smell) to chill prospective home buyers from quickly buying your home for top dollar.

Sell Your Home Fast – Get the Buyer’s Perspective

postAre you interested in selling your home quickly? Have you tried or are currently attempting to sell a house without much success (be it unable to find a buyer or perhaps not reaching the target price range you were hoping to hit.)?

If you are having these kinds of problems, there are many reasons as to why you might not be having much success with your sale, but don’t despair as these obstacles can be overcome. To sell your home fast, you simply need to see things from the buyer’s point of view. The more you understand the wants and needs of home buyers, the better your marketing strategy will be.

The Smart Home Seller

A Smart Home Seller knows that, “first impressions are lasting impressions.” To market your home successfully doesn’t mean that the home must be overhauled with renovations or improvements, it simply means that the home must be prepared for selling. Such conservative improvements can range from simple repairs to a fresh paint job or simply a good cleaning.

When presenting a home to a buyer, the first glimpse the buyer has of the house (referred to as “curb appeal”) often times triggers the attitude they have toward purchasing the home. Think of it like when meeting a person for the first time; you know it’s the first 30 seconds that counts the most. Because of this first impression axiom, you want the outside of your house to be in optimal selling condition. Bringing a home into selling condition doesn’t mean a great deal of money has to be spent; it’s simply making the face of the home presentable. Cleaning the front lawn, removing any Christmas lights and trimming grass are just a few inexpensive things that can be done to give your home a face-lift. (Extra Information: Planting flowers and such at the front of your home can successfully give your house a touch of color along with a very clean appearance. This is very inexpensive and can do wonders for a first impression. )

Creating the “Right Look”

There are many ways to prepare your home for sale, and most of them are extremely cost efficient and inexpensive. When selling your home, you need to remember that you wish to make the buyer feel as though they are looking at a home they can see themselves in. This means that the home must adopt a clean and neutral atmosphere.

Attaining a neutral atmosphere is simply making your house an open canvas, so to speak. The home needs to be relieved of any statements or personalization that might be present. Such statements can be things such as deer head displays or bear skin rugs; while these may appeal to the seller, it could be offensive or a turn-off to the buyer. When dealing with depersonalization, it’s good to remove anything that may establish the home as “Someone else’s house.” Such personalizing objects are things such as pictures, wall posters or trophies. By creating a Neutral atmosphere, you will have cleaned your home in such a way that potential buyers will feel comfortable and free to picture themselves living in that house.

When dealing with the question of how to sell your home fast, it’s best to keep in mind that there are many tips and tricks to the home selling market. The best method to achieving success in selling your home is to learn what the home buyer is looking for, then preparing your home for sale accordingly.