Are the current economic conditions having you considering uprooting and moving?  If so, your not alone, Texas has seen an increase in relocation of people looking for work to support their families.  Houston, Texas and its surrounding area is a great place to live.  Texas has seen some reductions in home and retail sales but not like other states.  There has been a slight decline in sales and home prices but compared to other cities across the country our great town of Houston is doing well.  There are lots of places to visit such as the Space Center, The Aquarium both in downtown Houston, and Kemah. The Houston Zoo. There is also Moody Gardens in Galveston and many other spectacular eating places.

Houston is the workplace for many hospitals and medical research facilities along with the oil and gas industry and Space center facilities.

I take pride in the area I live in and will be glad to assist you with information regarding Houston, Spring, The Woodlands, Lake Conroe.  Please feel free to email or call.

Patti

Relocating and finding a new home can be a headache, if you don’t have someone to help you. Fellwock Real Estate Group is here to help you find that dream home, in just the right neighborhood, with just the right schools.

One of the scariest and most important things to many people, who are preparing to relocate, is deciding on a subdivision, you may ask yourself  “how do I keep from moving into a bad neighborhood?”, or,  “how do I get my kids into a good school?” among many other things, so use the tools, do some research, and contact one of our local agents for assistance.

Relocation to North Houston, Spring, Humble, Atascocita, or surrounding areas can be stress free, and the agents of Fellwock Real Estate Group, specialize in these areas, just give our specialists a call, we can answer your questions, and, help you find that perfect home!

Last February, President Barack Obama announced his $275 billion anti-foreclosure homes plan intended to help nearly 5 million owners of distressed properties.

The anti-foreclosure homes plan was welcomed with much hope by the housing industry and millions of distressed borrowers, but not by some troubled homeowners in Washington who regard the program as too late the hero.

As of December 8, 2008, there were 172 homeowners in King County, Washington who received foreclosure homes notices. These figures indicated that the flood of foreclosures is continuing its destruction across the country despite various campaigns to stop its assault on the lives of millions of Americans.

A typical distressed homeowner in Washington may receive a trustee sale notice even if he just had $4,868 overdue mortgage.

Washington State Department of Financial Institutions director Scott Jarvis said that once distressed homeowners received foreclosure homes notices, it is already late to help them pull back their properties away from foreclosures.

On a positive note, Washington still fares better than other states with the number of foreclosure homes lower than the national rate and way below the foreclosure rates of Arizona, California, Florida and Nevada.

However, even if the number of foreclosure homes in Washington is not that remarkable compared with other states, the figures are still unprecedented in the area. Data from the Mortgage Bankers Association showed that the number of distressed properties in Washington reached 1.19 percent from July to September 2008, twice the historic 0.61 percent foreclosure rate in the state.

On the other hand, foreclosures created a flood of low-priced houses in Puget Sound Area, Washington. The average mortgage loan is about $262,500 and two out of three mortgages are for houses $350,000 and below.

Back in King County, one in every five distressed borrowers owe back payments of not more than $10,000 and foreclosures affect 28 out of 39 cities in the county.

Some communities with the most number of repossessed homes are Maple Valley and Tukwila with 8 each, followed by Federal Way and Kent with 7 each.

Meanwhile, some homeowners in the state who remain current on their mortgages but are struggling to make payments are putting their hopes on Obama’s foreclosure prevention program which will provide $75 billion for loan modifications.

They hope that the program would rescue them from their current dire situation and help them remain in their properties.

In this down housing market, you can still make money by flipping residential properties. You just have to increase your know-how on good locations, available capital, mortgage lenders, home prices and the risks involved.

The number of Florida foreclosures has made the state among the best places for individuals looking for bargain real estate investments. Before the housing meltdown, Florida, California and Nevada were among the hottest housing markets. These times of the meltdown, they can still be the hottest markets depending on your skills.

According to California-based foreclosure tracking firm RealtyTrac, the 2007 foreclosure rates soared to higher levels in 2008, leaving hundreds of thousands properties foreclosed and made available for sale. Among these are Florida foreclosures ripe for the picking.

Angie Hicks, owner of consumer service research site Angieslist.com, said an informal survey of its list members in 2008 found that of the 29 percent who bought homes within the six-month period of the survey time frame, 95 percent said they made profits from their home purchases.

The first key to investment success during this downturn is to make your own research, according to Hicks. Research the neighborhood, know the prices, compare prices and research development projects in the area. Among Florida foreclosures, look for units in neighborhoods that have community development projects.

Emma Allen, chief executive officer of Emma Allen Enterprises, says it is better to concentrate on an area that you know very well. She says she looks for bargains in communities where she herself would like to reside. Areas currently being rehabilitated with urban renewal projects are great opportunities. Allen’s advice fits investors looking for bargains in Florida foreclosures.

The second piece of advice is to check your available capital. Factor in renovation costs and carrying costs while you are looking for buyers. Remember also that you must pay the monthly amortizations while the mortgage is in your name. Make projections in case you can not sell the house within two or three months. If you are flipping Florida foreclosures, you may find great bargains, but factor in the average number of months a house is sold in the area.

Another advice is from veteran California flipper Nicole Sassaman. She says you need to have a cash reserve in the bank equal to 25 percent of the home price and about 18 months of house payments.

Home flipper Scott Patterson says you try to make low offers on targeted properties. He cites one example where he bought a $100,000-priced home for $80,000 and then sold it for $160,000 after some renovations. For Florida-based flippers, lots of low-priced homes can be found among Florida foreclosures.

Related Information:

• Foreclosure News
• Tax Foreclosure Properties
• Tax Foreclosures
• Cheap Houses for Sale
• Foreclosure Listings
• Foreclosure Homes

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Choosing the right Realtor is key to your real estate transactions; here are eight tips for choosing the right Realtor. Following these tips can improve your chances of getting a better Realtor and a better deal on your real estate transactions.

Start with doing some research on the realtor’s in the areas you are looking to purchase or sale a home. Taking the time to do this research will save you money and hassle in the long run.

The right Realtor can keep you in the flow of the real estate market changes and legalities. If you have the right Realtor, you have the knowledge of experience to help you make these decisions.

1. Interview at least three realtor’s. This will give you some options to choose from. The easiest way to find realtor’s in your area is to look in three different ways; on the Internet, in the neighborhood, look for the for sale signs, ask friends and family.

2. During the interview with the Realtor, you need to ask several questions to get to the personality of the Realtor. Here are some sample questions you can ask:

a. How many listings do they have for you to view, and where do they get their listings. If you are selling your home, what kind of advertising will they be doing for your home?

b. What experience does the Realtor have? Can you check references of some of the resent real estate transactions?

c. Will your Realtor be dedicated to you? How quickly will they return your calls, and how much time do they have to handle your real estate transaction.

d. Who will be at the closing? Will it be the Realtor you are talking to, or will they have someone in their place.

3. After the interviews are complete, you will need to sit down and review all of the information. Take the time to think about all the people you interviewed and consider all of the facts. This is where comfort, experience and knowledge will come into play.

4. Look for the Realtor that is a little more aggressive, but not so aggressive that they will miss the subtle requests from both the buyer and seller.

5. Check for licenses, training and recognitions from the leading real estate departments in your area. These licenses provide some protection in the professionalism where the real estate Realtor is concerned.

6. Review the terms, conditions and fees that the Realtor will be asking for in the contract they will ask you to sign. Find out what the going costs are for a Realtor in your area. These fees may be negotiable. There are many considerations involved with this. The price of the home you are looking for. The amount of assistance you will need from the realtor. In addition to what you want to pay.

7. Watch to find out what the negotiation skills the Realtor has. This will make all the difference when they are negotiating the price of the real estate purchase.

8. What kind of personality does the Realtor have? Are they charming, have charisma, a positive outlook and a professional appearance.With all this in mind, you are now ready to pick out the right Realtor for you. Selling or buying a home is the biggest purchase, or sale, that you will likely ever make. Therefore, you will want to have the most support possible to make the right decision.

This article was written by Tina Abraham, she is one of the leading Wilmington, NC real estate agents. Tina specializes in helping people sell their house or buy the home of their dreams in the internationally famous Wilmington, NC market. Visit Tina for Wilmington, North Carolina real estate or call (910) 790-7484 today!

I am a Real Estate Agent and an Investor in the Spring, Woodlands, and Conroe area.  If you would like to start investing in Real Estate I can help you and teach you.  There are many houses out there today that are a bargain.  It is a buyers market with foreclosures and short sales.  I rent out my own properties and can help you with rentals also.  If you are in the market to rent a house I can help you find one.  Our company has many listings and even if it is not our listing I can help you with any house.  I am here to help you..Give me a Call!!