Not many homeowners are considering refinancing these days due to falling home values, but if you are one of the lucky ones, I'm sure you want to know your options. Mortgage rates are at record lows and some great tools have surfaced to help you decide if refinancing your home is an option. On bills.com, you can use their calculator to help, which will give you a "yes" or "no" answer. We all hate long forms and mid-way through we usually give up due to them asking so many questions. With this calculator, you just enter your current loans, goals for refinancing and your homes location, the New York Times reported.
The tool compares a user's current loan with refinancing options offered from lenders Bills.com works with that the user would qualify for, basing its answer on real-time feeds about these loans' rates and costs. The tool also shows users how much they would hypothetically save in payments and interest expenses by refinancing. [NYT]
Having this tool is great and I am a firm believer in knowing your options, especially in this economic time, but let's get down to the real issue here. Most homes don't have enough equity in them to refinance -worth less than the value of their mortgage. Due to the '05-'06 bubble, with the help of Fannie Mae and Freddie Mac, along with other federal subsidies, financed more than $1 trillion mortgages during that time. If you are one of the lucky homeowners that has the option to refinance, do your research.
Wednesday, September 15, 2010
Boynton Beach Home with the Biggest Price Drop of the Day!!!
Perry Avenue, in Boynton Beach, Florida is a three bedroom, three bath home and is the biggest price cut on Tuesday, September 14th, according to data from Condo Vultures Realty.
The $3 million Palm Beach County home was cut $900,000, or 23%. This 3,773 square-foot oceanfront home sits on 25,777 square foot lot. It came on the market in March and was listed for $3.9 million and today, it's listed at $2,999.00. Harvey Traub of Coldwell Banker Residential Real Estate has the listing.
What does this say about the Real Estate Market? The drastic price reduction since March is shocking. High end real estate has not been the untouchable, and this is a prime example.
The good news is - you can by a direct ocean front home at a drastically reduced price.
(Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.)
The $3 million Palm Beach County home was cut $900,000, or 23%. This 3,773 square-foot oceanfront home sits on 25,777 square foot lot. It came on the market in March and was listed for $3.9 million and today, it's listed at $2,999.00. Harvey Traub of Coldwell Banker Residential Real Estate has the listing.
What does this say about the Real Estate Market? The drastic price reduction since March is shocking. High end real estate has not been the untouchable, and this is a prime example.
The good news is - you can by a direct ocean front home at a drastically reduced price.
(Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.)
Wednesday, September 8, 2010
Welcome to my website and blog!
Hello everyone!
I want to welcome you to my new website and blog I've built to help me better connect with my friends, colleagues, clients, and followers. I'm looking forward to keeping my website updated and full of information news, articles, and resources that you can enjoy every week.
For my previous clients: I would like to say thank you for taking the time to visit my blog, and hope you've thoroughly enjoyed the professional services myself and my broker, Seawinds Realty, Inc., were able to provide to you, and I can't wait to serve you again!
For my prospective clients: I want to thank you for visiting my site as well! I'm here to serve you. I'm a real estate agent specializing in short sales and investment properties in West Palm Beach, Miami, Orlando, and every town and city in between. I'll work directly with you every step of the way whether your considering selling you home to avoid foreclosure, or are ready to make a purchase.
As always, if there is anything I can ever do for you or someone you know, please don't hesitate to email me at Tracie@Traciesellsflorida.com!
Thank again!
Tracie Whillock
I want to welcome you to my new website and blog I've built to help me better connect with my friends, colleagues, clients, and followers. I'm looking forward to keeping my website updated and full of information news, articles, and resources that you can enjoy every week.
For my previous clients: I would like to say thank you for taking the time to visit my blog, and hope you've thoroughly enjoyed the professional services myself and my broker, Seawinds Realty, Inc., were able to provide to you, and I can't wait to serve you again!
For my prospective clients: I want to thank you for visiting my site as well! I'm here to serve you. I'm a real estate agent specializing in short sales and investment properties in West Palm Beach, Miami, Orlando, and every town and city in between. I'll work directly with you every step of the way whether your considering selling you home to avoid foreclosure, or are ready to make a purchase.
As always, if there is anything I can ever do for you or someone you know, please don't hesitate to email me at Tracie@Traciesellsflorida.com!
Thank again!
Tracie Whillock
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