BUYER INCENTIVES – To spark buyers’ interest, sellers should consider practical incentives that focus on home price and monthly mortgage payments, instead of offering material perks such as fancy televisions.
This is good advise for sellers to consider when listing their Naples FL real estate property. I have said for months that sellers need to aggressively price their homes.
HOMEOWNERS INSURANCE – Florida officials are considering borrowing as much as $5 billion to make sure the state’s Hurricane Catastrophe Fund will have enough to pay claims in the event of a large hurricane.
In my humble opinion, with the state facing revenue short-falls – where is the money to fund $5 billion dollars for the Catastrophe Fund going to come from?
FIRST TIME HOME BUYERS – To scrape together money for a downpayment and qualify for a loan, a rising number of first-time homebuyers are resorting to extremes, such as raiding retirement accounts, taking second jobs or moving back in with Mom and Dad.
It seems that this is a flash back to previous times. However, second jobs will not help a borrower qualify for a loan from the income to housing or debt ratios because for a loan the employment must be for two years and show that it will continue. Are these first time home buyers setting themselves up?
SUBPRIME MORTGAGES – Continued jitters about the subprime mortgage market boosted U.S. Treasury bond prices on Monday, as worried investors again turned to the safe haven of government bonds.
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