Sunday, February 24, 2008


Bonnie Fagoh
March 2006
Buyin' or Sellin'....Call Bonnie Helen! (Fagoh)(813) 390-7606
Copyright © 2006 Realty TimesAll Rights Reserved.
'Good Deal' Matter of Interpretation Everybody's looking for a good deal. Sellers want the highest price possible and buyers want to buy a house below asking price. They both want the same thing -- a good deal. Following years of a sellers market, many consumers are facing a more normalized market across the country. Particularly, in large metropolitan markets, the normalizing of the market has created a wait and see attitude on purchasing or selling real estate. For the wise investor/home buyer, the cautionary phrase of "wait to buy real estate" should give way to "buy real
Mortgage Rates U.S. averages as of February 23, 2006:30 yr. fixed: 6.26%15 yr. fixed: 5.89%1 yr. adj: 5.32%30 yr. jumbo: 6.98%-->
View current rates
estate then wait." One of the keys to savvy real estate investing -- whether for personal use or wealth building -- is timing. In a seller's market, every buyer who was serious about getting into a
Wondering What Your Home Is Worth?Let me show you.
Online Appraising:A Thing of Value to Whom? Looking online at the value of real estate and the process has been illuminating -- arguably not accurate or especially useful, just illuminating. If you want a satellite photo of a home, there's no shortage of locations that can provide such art, much of which is excellent. If you want a street map, that too is easily found online. But when it comes to figuring out the market value of a property -- the magic question of how much to pay or how much to accept -- a recent look at online valuations was wildly disappointing. For one property I checked the value is some $90,000 below the price paid last summer. Everyone seems to know the number of baths as well as the size of the property, but no computer seems able to fully value a home that backs up to a creek or has a hot tub on the deck. For this, apparently, you need human eyes. Then there is a Cape Cod home which sold last year for $485,000 and now, says the computer, is worth a mere $429,000. This would no doubt amaze
"Cash-out" Refinancings are Nearing an All-time Record American homeowners are on the verge of setting a new record in a key mortgage market measure: Cash-out refinancings. The latest quarterly study by mortgage market giant Freddie Mac found that four out of every five homeowners are pulling out extra money -- often tens of thousands of dollars -- when they refinance their existing loans. The 80 percent figure is the second highest rate on record, according to Freddie Mac chief economist Frank Nothaft, and is just one point below the record rate of 81 percent set in mid-2000. Equally significant, the rate of cash-outs soared by 24 percentage points in the past 12 months alone -- up from 56 percent in the comparable fourth quarter period of 2004 to fourth quarter 2005. Moreover, cash-out refis are booming in spite of a half percentage point increase in 30-year mortgage interest rates during the past year. Normally refinancings decline when rates go up, but they accounted for nearly half of all mortgage applications during the fourth quarter of 2005. Most people who did cash-outs last quarter actually increased the note rate on their loans, rather than decreasing them, which is the customary purpose of a refinance. What's going on here? Are
Decorating in Small Spaces Sometimes smaller is better, especially when it comes to space. Think cozy and quaint rather than throwing your hands up in the air and screaming: "Oh it's so cramped! I give up!" There's no need to be discouraged. In fact, decorating a small space can be a fun challenge that requires you to be more innovative than ever. Start out by acknowledging the many advantages inherent to small homes. Small rooms generally require fewer furnishings and accessories, so your decorating budget can get you a little further. Small rooms can also inspire you to do something we all need to do: get rid of clutter. Since storage space in small dwellings is likely limited, getting rid of unnecessary items is a must. However, people living in larger homes with plenty
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Bonnie Fagoh E-mail: bonniefagoh@century21beggins.comWeb: Cell: 813-390-7606
Century 21 Beggins Enterprises 813-390-7606 6542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
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