Real Estate & Finance News http://money.cnn.com/2018/08/08/pf/fixed-or-adjustable-rate-mortgage/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/VxMaQddWSgc/index.html Should I get a fixed- or adjustable-rate mortgage? Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/VxMaQddWSgc" height="1" width="1" alt=""/> Wed, 08 Aug 2018 10:19:25 -0400 http://money.cnn.com/2018/08/08/pf/fixed-or-adjustable-rate-mortgage/index.html?section=money_realestate 2018-08-08 10:19 -04:00 2018-08-08 07:19 -07:00 http://money.cnn.com/2018/08/07/investing/zillow-buying-mortgage-lender/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/QGL-j9JpiVU/index.html Zillow buys a mortgage lender and the stock tanks Real estate information site Zillow is no longer content to just be the place you go to in order to see what your house is worth. The company just bought a mortgage bank. But Wall Street is nervous about the move into home loans.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/QGL-j9JpiVU" height="1" width="1" alt=""/> Tue, 07 Aug 2018 12:55:43 -0400 http://money.cnn.com/2018/08/07/investing/zillow-buying-mortgage-lender/index.html?section=money_realestate 2018-08-07 12:55 -04:00 2018-08-07 09:55 -07:00 http://rismedia.com/?p=146172 http://rismedia.com/2018/07/19/jumbo-mortgage-do-you-need-one/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Bankrate GSEs Jumbo Lender Jumbo Mortgage Nonconforming Loan real estate news Real Estate News and Information Real Estate Trends What Is a Jumbo Mortgage and When Do You Need One? <p>(TNS)—Home prices have shot up in some areas of the U.S., to the point where buyers need jumbo loans to finance them. In mortgage-speak, jumbo refers to loans that exceed the limits set by the government-sponsored enterprises (GSEs) that buy most home loans and package them for investors. Jumbo mortgages, or jumbo loans, are those [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/19/jumbo-mortgage-do-you-need-one/">What Is a Jumbo Mortgage and When Do You Need One?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 19 Jul 2018 19:55:25 Z http://rismedia.com/2018/07/19/jumbo-mortgage-do-you-need-one/#respond Susanne Dwyer <p>(TNS)—Home prices have shot up in some areas of the U.S., to the point where buyers need jumbo loans to finance them. In mortgage-speak, jumbo refers to loans that exceed the limits set by the government-sponsored enterprises (GSEs) that buy most home loans and package them for investors.</p> <p>Jumbo mortgages, or jumbo loans, are those that exceed the dollar amount loan-servicing limits put in place by GSEs Freddie Mac and Fannie Mae. This makes them non-conforming loans.</p> <p>As of 2018, these limits are $453,100 in all states except for Alaska, Guam, Hawaii and the U.S. Virgin Islands, where the limit is $679,650. The conforming limit is higher in counties with higher home prices, so be sure to check your area&#8217;s loan limits.</p> <p>The maximum loan amount varies by lender. Borrowers can get fixed- or adjustable-rate jumbo mortgages with various term options. The mortgages can be used for primary homes, as well as for investment properties and vacation homes.</p> <p><strong>How to Qualify for a Jumbo Mortgage</strong><br /> Jumbo lenders usually have stricter underwriting guidelines. The main reason for this is that they&#8217;re not backed by Fannie or Freddie, so they&#8217;re riskier loans. On the flip side, lenders have more to gain since the dollar value is higher and they can offer additional services to these wealthier customers.</p> <p>The three common hurdles borrowers must clear to get jumbo loan approval are larger income, higher credit scores and greater reserves, says Robert Cohan, president of Carlyle Financial in San Francisco.</p> <p>&#8220;To consider a jumbo loan the FICO scores have to be higher. The average is around 740, although I have seen some as low as 660,&#8221; Cohan says.</p> <p>Borrowers whose scores fall beneath the normal requirements usually have to offset it with a low debt-to-income ratio.</p> <p>&#8220;If you&#8217;re high-leveraged and you have a low credit score, it&#8217;s going to be hard to get a jumbo loan,&#8221; Cohan says.</p> <p>Borrowers should be prepared to show enough reserves, or assets, to cover between six and 12 months&#8217; worth of mortgage payments. The down payment on jumbo loans is, on average, between 10 and 20 percent.</p> <p>&#8220;Anything lower than a 10 percent down payment and you&#8217;re probably going to pay for it in higher rates,&#8221; Cohan says.</p> <p><strong>What Are the Benefits of a Jumbo Mortgage?</strong><br /> The main benefit for borrowers is that a jumbo mortgage allows them to go outside of Fannie and Freddie limitations. You can still get a competitive interest rate and finance the home of your choice without being restricted by the dollar limit on conforming mortgages.</p> <p>The rates on jumbo mortgages fluctuate and may be higher or lower than the conforming mortgage rate. Recently, a 30-year jumbo rate was 4.62 percent, eight basis points lower than a conventional 30-year fixed rate of 4.71 percent.</p> <p>Jumbo loans are a convenient way to finance property. Instead of getting two conforming loans to finance a home, the jumbo option eliminates that need. Some borrowers prefer to finance more of the home&#8217;s cost rather than tying up cash, making the jumbo mortgages a helpful financial tool.</p> <p><em>©2018 </em><a href="http://www.bankrate.com" target="_blank"><em>Bankrate.com</em></a><br /> <em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/19/jumbo-mortgage-do-you-need-one/">What Is a Jumbo Mortgage and When Do You Need One?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/07/19/jumbo-mortgage-do-you-need-one/feed/ 0 2018-07-19 19:55 +00:00 2018-07-19 12:55 -07:00 http://rismedia.com/?p=146140 http://rismedia.com/2018/07/18/partnering-ira-funds-alternative-way-fund-your-real-estate-investment/ Advice Buying/Selling For Your Clients How-To Latest News Trending Entrust Group Real Estate Investment Real Estate IRA real estate news Real Estate News and Information Real Estate Trends Self-Directed IRAs Partnering IRA Funds: An Alternative Way to Fund Your Real Estate Investment <p>Did you know you can partner with other funding sources to increase your investment potential? Self-directed IRAs are the only retirement arrangements that allow individual investors the freedom to pursue alternative investments, such as real estate. Investing in real estate with a self-directed IRA offers many benefits to those who are looking for creative ways [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/18/partnering-ira-funds-alternative-way-fund-your-real-estate-investment/">Partnering IRA Funds: An Alternative Way to Fund Your Real Estate Investment</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 18 Jul 2018 19:48:11 Z http://rismedia.com/2018/07/18/partnering-ira-funds-alternative-way-fund-your-real-estate-investment/#respond Susanne Dwyer <p>Did you know you can partner with other funding sources to increase your investment potential? Self-directed IRAs are the only retirement arrangements that allow individual investors the freedom to pursue alternative investments, such as real estate. Investing in real estate with a self-directed IRA offers many benefits to those who are looking for creative ways to save for the future. Investors have complete control over their investment choices. Unlike other IRAs, you&#8217;re not limited to stock, bonds or mutual funds. Self-directed IRAs provide the opportunity to save money for the future on a tax-deferred or tax-free basis. In addition, an IRA is considered a separate entity that can conduct business with others. This is a common strategy used in real estate investments. The process is fairly simple, but be sure to adhere to IRA regulations to avoid engaging in any prohibited transactions.</p> <p><strong>How do I partner with others to purchase real estate using a self-directed IRA?<br /> </strong></p> <ol> <li>Identify the partner you would like to invest with.</li> <li>Perform your due diligence and confirm that the investment fits your strategy.</li> <li>Combine your self-directed IRA fund with other funds to purchase the property.</li> <li>Your IRA will own a percentage of the property and must be stated on the title when the transaction is recorded.</li> <li>All income and expenses (on a proportionate basis) from the property flow in and out of your IRA and not your personal finances.</li> <li>If the property is sold, your IRA receives the portion of the proceeds proportionate to the percentage of ownership.</li> </ol> <p>A self-directed IRA can partner with anyone at the time of initial purchase, but after the transaction is complete, the IRA cannot conduct any business with a disqualified person. Doing this could lead to significant tax penalties.</p> <p>The following people are considered disqualified persons:</p> <ul> <li>You</li> <li>Your spouse</li> <li>Your lineal ascendants and descendants, and their spouses</li> <li>Any person providing plan-related services (custodians, advisors, fiduciaries, administrators)</li> <li>Any entity (business, corporation, partnership) of which you own at least 50 percent, whether directly or indirectly</li> </ul> <p><strong>What are the ways in which I can take advantage of the partnering strategy to help me save for retirement?<br /> </strong></p> <ol> <li><strong>Partner With Another Investor<br /> </strong>Investors are on the lookout for new opportunities, and networking with like-minded individuals can be a great way to find an investment partner. Partnering with a fellow investor offers the potential to learn from each other, as well as disperse risk between two people.<strong><br /> </strong></li> </ol> <ol start="2"> <li><strong>Partner With a Relative<br /> </strong>While you are not allowed to buy from/sell to relatives, as they are considered disqualified persons for these purposes, you do have the option of partnering with them to purchase a new investment. This can be a great way to save for retirement together with a loved one.</li> </ol> <ol start="3"> <li><strong>Partner With Yourself<br /> </strong>It is possible to partner your self-directed IRA funds with your personal savings for the purchase of a new asset, such as a real estate property.</li> </ol> <ol start="4"> <li><strong>Partner With Another Self-Directed IRA<br /> </strong>Partner your account funds with the funds in another IRA to maximize your purchasing power. Find another motivated retirement investor to explore your possibilities.</li> </ol> <ol start="5"> <li><strong>Partner With a Group<br /> </strong>Sometimes partnering with one account, one investor or only yourself will not provide enough funding for the investment you are interested in. In this case, you can partner with a group! Partnering can be a great tool for retirement investing, but it is important that you understand how to utilize this strategy for success.</li> </ol> <p><strong>It&#8217;s Easy to Get Started</strong><br /> All you have to do to get started is open an account and fund it. There are three ways to fund your self-directed IRA: transfer or rollover an existing retirement account, such as an employer&#8217;s 401(k), into a self-directed IRA; or make regular, annual contributions to your account. Once your account has cash in it, you can start investing immediately! As you read in this article, you can partner with other investors until you have enough cash to invest in real estate on your own. Download our free report about partnering your self-directed IRA with real estate <a href="https://www.theentrustgroup.com/reports/partnering-evaluation-lp?utm_campaign=Partnering%20Report&amp;utm_source=RISMedia&amp;utm_medium=July-2018-Biz-Dev-Tip" target="_blank">here</a> to learn more.</p> <p><em>Disclaimer: Before you invest in this business sector using your IRA, it is best to consult with your investment, legal and tax advisor. Entrust does not endorse or recommend any of these investments. Proper due diligence by you, the IRA holder, is recommended before entering into any transaction.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/18/partnering-ira-funds-alternative-way-fund-your-real-estate-investment/">Partnering IRA Funds: An Alternative Way to Fund Your Real Estate Investment</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/07/18/partnering-ira-funds-alternative-way-fund-your-real-estate-investment/feed/ 0 2018-07-18 19:48 +00:00 2018-07-18 12:48 -07:00 http://rismedia.com/?p=146136 http://rismedia.com/2018/07/18/closer-look-online-home-value-estimates/ Advice Buying/Selling For Your Clients Latest News AVMs Center for REALTOR® Development Home Valuation Home Value Estimates NAR real estate news Real Estate News and Information Real Estate Trends Realtors Property Resource® RPR® Valuation Models A Closer Look at Online Home Value Estimates <p>The following information is provided by the Center for REALTOR® Development (CRD). Consumers who are seriously in the home-buying and -selling market should be mindful of a variety of competing home price estimators. Solely relying on just one price estimate is likely to skew the views of what a particular property will actually transact for. [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/18/closer-look-online-home-value-estimates/">A Closer Look at Online Home Value Estimates</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 18 Jul 2018 19:44:15 Z http://rismedia.com/2018/07/18/closer-look-online-home-value-estimates/#respond Susanne Dwyer <p><em>The following information is provided by the </em><a href="http://learninglibrary.com/RIS/A/HOME" target="_blank"><em>Center for REALTOR® Development (CRD)</em></a><em>.</em></p> <p>Consumers who are seriously in the home-buying and -selling market should be mindful of a variety of competing home price estimators. Solely relying on just one price estimate is likely to skew the views of what a particular property will actually transact for. When it comes to online home value estimates, however, the No. 1 caveat for consumers is that these estimates are not a substitute for formal appraisals, comparative market analyses and the in-depth expertise of real estate professionals. Nonetheless, it is important to know the different sources of automated valuation models (or AVMs) and home value estimates available online, so that you can help clients and potential clients understand these estimates in their proper context.</p> <p>How are online home value estimates created? The prevalence of technology offers more access to a broad spectrum of information on the internet. In real estate, access to property details and values is easier due partly to low-cost immense computing power. AVMs generate a price for a property based on computer algorithms and calculations that take different sets of property data and look for patterns and relationships between property value and the input data. There are websites that will have a home value estimate available by just searching an address, while others may provide an estimate only upon request.</p> <p>The most popular sources of home value estimates online are those that use AVMs. These estimates have varying levels of accuracies. The main sources of AVM estimates are:<strong><br /> </strong></p> <p><strong>Realtors Property Resource® (RPR®)</strong> – RPR® has two home value estimates: their AVM estimate and the Realtors Valuation Model® (RVM®) estimate. The difference between the two is that RVM uses the same data as the AVM plus Multiple Listing Service (MLS) data. Both AVM and RVM show the accuracy level of the estimate by giving estimate ranges and confidence scores. This resource is available for REALTORS® only and allows a significant amount of expert customization, making it a useful tool for members, especially when working with well-researched clients.<strong><br /> </strong></p> <p><strong>realtor.com®</strong> – Realtor.com uses tax assessment records, recent sale prices of comparable properties and other factors to estimate home values. This estimate is free and publicly available.</p> <p><strong>Redfin</strong> – Redfin is a web-based real estate brokerage that gives the Redfin estimate for the property, which is based on market, neighborhood and home-specific data, including MLS data on recently sold homes. Redfin cites that their estimates for properties currently on the market are more accurate than estimates for off-market properties. This estimate is free and publicly available.</p> <p><strong>HouseCanary</strong> – HouseCanary has two main services: valuations and forecasting. Their estimates use property-level data from public records and the MLS. Their accuracy will vary across markets depending on the availability of data. This estimate is available with subscription to their services.</p> <p><strong>Homes.com</strong> – Homes.com&#8217;s estimate mainly uses public records. They test and benchmark the accuracy of their estimates. This estimate is free and publicly available.</p> <p><strong>Zillow</strong><strong> and Trulia</strong> – Zillow has the Zestimate, which is their home value estimate for properties and is computed using public and user-submitted data. Their estimates have different accuracy levels depending on the data of the property and location. This estimate is free and publicly available. The estimate from Trulia is likely to be very similar to Zillow&#8217;s Zestimate, since it is part of the same Zillow Group.</p> <p><strong>Eppraisal.com</strong> – Eppraisal.com uses property records, home sales data and local market data for their estimates. Their accuracy depends on the accuracy and completeness of public data. This estimate is free and publicly available.</p> <p>There are also websites that provide home value estimates by request only, or estimates using user inputs, such as HomeValues.com, SmartAlto.com, ValuemyHouse.com <span style="text-decoration: line-through;">and</span> ZipRealty.com, among others. Some banking and financial institutions, such as Chase Bank, Bank of America, the Federal Housing Finance Agency, Fifth Third Bank and PennyMac, also provide estimates to accompany their other financial services.</p> <p>Some real estate agents and brokerages also share their estimators through their websites. Again, it is important to know that these estimates have varying levels of accuracies. These sites may or may not use AVMs, but can be another source of property and home value data that anyone can access. Additionally, there are also data companies, such as ATTOM Data Solutions and CoreLogic, that market proprietary AVMs.</p> <p>As technologies advance and more data becomes available, the number of sites that provide home value estimates may grow. With the knowledge of where to find home value estimates online, it is important to note that these home value estimates are not interchangeable with formal appraisals and comparative market analyses, and they cannot be used as a basis for a loan. Most of these sites, if not all, reiterate the importance of consulting the expertise of real estate professionals to receive an in-depth and in-person analysis of the property and the local market.</p> <p><em>This article was adapted from a post on NAR&#8217;s </em><a href="http://economistsoutlook.blogs.realtor.org/" target="_blank"><em>Economists&#8217; Outlook</em></a><em> blog on July 3, 2018.</em></p> <p><a href="mailto:kbelita@realtors.org"><em>Karen Belita</em></a><em>, data scientist, focuses her research on discovering insights using large publicly available datasets. Belita has a Bachelor&#8217;s degree in Finance from George Mason University and a Certificate in Data Science from Georgetown University.<br /> </em></p> <p><em>For more education about comps, valuation and pricing strategy, check out this month&#8217;s featured online certification course at the Center for REALTOR® Development, </em><a href="http://learninglibrary.com/RIS/A/Product/Details/?id=129" target="_blank"><em>Pricing Strategies: Mastering the CMA</em></a><em>, which is the educational requirement for </em><a href="http://learninglibrary.com/RIS/A/Category/?id=190" target="_blank"><em>NAR&#8217;s Pricing Strategy Advisor (PSA) certification</em></a><em>, and is on sale this entire month of July at 25% off its regular price.<br /> </em></p> <p><em>In addition, </em><a href="https://www.youtube.com/watch?v=_Q-Lkkxmrs8&amp;list=PL0nvvA8L8W2cC9MAi7Ni-yRo4bYCTdM3Z" target="_blank"><em>Episode 001: Pricing Strategies in the Market</em></a><em>, of the Center for REALTOR® Development&#8217;s monthly podcast, discusses pricing and valuation and is available for free on most podcast channels. </em><em>To listen or subscribe, visit </em><a href="http://www.crdpodcast.com" target="_blank"><em>www.crdpodcast.com</em></a><em>.<br /> </em></p> <p><em>For more information, please visit RISMedia&#8217;s </em><a href="http://learninglibrary.com/RIS/A/HOME" target="_blank"><em>online learning portal</em></a><em> from NAR&#8217;s Center for REALTOR® Development (CRD) and the Learning Library. Here, real estate professionals can sign up for online professional development courses, industry designations, certifications, CE credits, Code of Ethics programs and more. NAR&#8217;s CRD also offers monthly specials and important education updates. New users will need to register for an account.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/18/closer-look-online-home-value-estimates/">A Closer Look at Online Home Value Estimates</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/07/18/closer-look-online-home-value-estimates/feed/ 0 2018-07-18 19:44 +00:00 2018-07-18 12:44 -07:00 http://money.cnn.com/2018/07/17/real_estate/real-estate-in-europe/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/FVtRpTfK8eE/index.html Looking for a home in Berlin or Budapest? Prepare to pay more Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/FVtRpTfK8eE" height="1" width="1" alt=""/> Tue, 17 Jul 2018 07:28:00 -0400 http://money.cnn.com/2018/07/17/real_estate/real-estate-in-europe/index.html?section=money_realestate 2018-07-17 07:28 -04:00 2018-07-17 04:28 -07:00 http://rismedia.com/?p=145640 http://rismedia.com/2018/07/08/buyers-challenged-student-debt-consider-down-payment-programs/ Advice Buying/Selling Consumer For Your Clients House Canary Latest News News Down Payment Assistance Programs First-Time Homebuyer Programs NAR real estate news Real Estate News and Information Real Estate Trends Student Debt Student Debt Refinance Buyers: Challenged by Student Debt? Consider Down Payment Programs <p>Student loan debt is one of the biggest factors impacting millennials&#8217; ability to purchase a home. According to the National Association of REALTORS® (NAR), 80 percent of millennials do not own a home, and, of that, 83 percent say student loan debt is impacting their ability to buy. Millennials expect to be delayed from home-buying [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/08/buyers-challenged-student-debt-consider-down-payment-programs/">Buyers: Challenged by Student Debt? Consider Down Payment Programs</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sun, 08 Jul 2018 17:02:18 Z http://rismedia.com/2018/07/08/buyers-challenged-student-debt-consider-down-payment-programs/#respond Susanne Dwyer <p>Student loan debt is one of the biggest factors impacting millennials&#8217; ability to purchase a home. According to the National Association of REALTORS® (NAR), <a href="http://rismedia.com/2017/09/19/college-debt-is-postponing-homeownership-how-long/">80 percent</a> of millennials do not own a home, and, of that, 83 percent say student loan debt is impacting their ability to buy. Millennials expect to be delayed from home-buying for a median of seven years, the NAR research shows.</p> <p>There are alternatives, however, that millennials may not know about. In fact, according to a 2016 ATTOM Data Solutions survey, few buyers and real estate agents know about the close to 2,500—mostly local—down payment assistance programs. Across the 513 counties surveyed in the ATTOM Data Solutions report, buyers that used these programs saved, on average, $17,766 over the life of their loan.</p> <p>From offerings that benefit first-time homebuyers to options for refinancing costly student loan interest rates, it&#8217;s important that today&#8217;s homebuyer is aware of all the viable options for purchasing a home.</p> <p><strong>What&#8217;s Out There?</strong><br /> For consumers who are having trouble saving for a large enough down payment, there are plenty of options that offer grants or down payment assistance. The National Homebuyers Fund (NHF), for example, has multi-state <a href="http://www.nhfloan.org/programs/dpa.shtml" target="_blank">Down Payment Assistance (DPA) programs</a> that offer closing assistance or down payment grants for up to 5 percent of the loan amount.</p> <p>The U.S. Department of Agriculture (USDA) also has low- and no-down payment options via its <a href="https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program" target="_blank">Single Family Housing Guaranteed Loan Program</a>, which assists lenders in offering low- and moderate-income households with purchasing opportunities in rural areas, for which closing costs and other related expenses can be rolled into the loan.</p> <p>Additionally, there are more localized options available on a state-by-state basis. Here are a few examples:</p> <ul> <li><strong>Baltimore, Md./Washington, D.C.</strong> – The <a href="http://www.mmp.maryland.gov/pages/default.aspx" target="_blank">Maryland Mortgage Program</a> offers a discounted mortgage rate and up to $5,000 in down payment assistance when consumers purchase in a sustainable community.</li> <li><strong>Ohio </strong>– <a href="https://myohiohome.org/grantsforgrads.aspx" target="_blank">Grants for Grads</a> offers reduced-rate mortgages for first-time homebuyers who&#8217;ve earned their associate, bachelor, master or doctorate degrees within the last four years.</li> <li><strong>Rhode Island </strong>– The <a href="http://www.firstdownri.org/" target="_blank">First Down Program</a> allows first-time homebuyers to purchase a one- to four-family home or condominium with down payment assistance of $7,500, forgivable after five years of owning the home as a primary residence.</li> </ul> <p>More and more companies are introducing homebuyer assistance programs to tackle the student loan debt challenge that many of today&#8217;s buyers are facing, as well; however, buyers and agents should first consult a financial expert before participating in or recommending these programs. For example, the student loan cash-out refinance that multiple lenders offer, which allows homebuyers to use their equity to pay off high-interest student loans, may not make as much financial sense with the introduction of the new tax bill. as home equity financing is no longer tax-deductible.</p> <p>With other incentive programs, such as the <a href="http://investors.lennar.com/press-releases/2017/09-26-2017-140430277" target="_blank">Eagle Home Mortgage&#8217;s Student Loan Debt Mortgage Program</a>, homeowners can pay off outstanding student loan debt (up to $13,000 for this specific program) by redirecting 3 percent of their purchase price to student debt payoff when buying a new home from the home builder. Buyers should carefully assess whether these programs are financially worthwhile.</p> <p>These are just a sampling of the available down payment assistance and grant programs that can help consumers with high student loan debt achieve their homeownership dream. It&#8217;s imperative that real estate agents research these offerings in order to assist consumers who believe homeownership is still out of reach.<em><br /> </em></p> <p><em><img class="alignleft size-full wp-image-138413" src="http://rismedia.com/wp-content/uploads/2018/01/Dominguez_Liz_60x60_4c.jpg" alt="Dominguez_Liz_60x60_4c" width="60" height="60" />Liz Dominguez is RISMedia&#8217;s associate content editor. Email her your real estate news ideas at </em><a href="mailto:ldominguez@rismedia.com"><em>ldominguez@rismedia.com</em></a><em>. For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/08/buyers-challenged-student-debt-consider-down-payment-programs/">Buyers: Challenged by Student Debt? Consider Down Payment Programs</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/07/08/buyers-challenged-student-debt-consider-down-payment-programs/feed/ 0 2018-07-08 17:02 +00:00 2018-07-08 10:02 -07:00 http://rismedia.com/?p=145426 http://rismedia.com/2018/07/04/tips-help-you-find-starter-home/ Advice Buying/Selling Home Spun Wisdom Latest News First-Time Homebuyer Home-Buying Homebuyer Housing Market Mortgage Preapproval Real Estate News Real Estate News and Information Real Estate Trends Starter Home 5 Tips to Help You Find a Starter Home <p>(TNS)—First-time homebuyers might well wonder: Where are all the starter houses? They&#8217;re right to ask, because starter homes are becoming increasingly scarce in many housing markets. Housing inventory is low and home prices are soaring. What&#8217;s a first-time buyer to do? Here are five tips for finding a starter home: Be realistic about today&#8217;s market. [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/04/tips-help-you-find-starter-home/">5 Tips to Help You Find a Starter Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 04 Jul 2018 20:01:21 Z http://rismedia.com/2018/07/04/tips-help-you-find-starter-home/#respond Susanne Dwyer <p>(TNS)—First-time homebuyers might well wonder: Where are all the starter houses? They&#8217;re right to ask, because starter homes are becoming increasingly scarce in many housing markets. Housing inventory is low and home prices are soaring.</p> <p>What&#8217;s a first-time buyer to do?</p> <p>Here are five tips for finding a starter home:</p> <p><strong>Be realistic about today&#8217;s market. </strong>Sellers clearly have an advantage in the current market. Inventory is low, which keeps pushing home prices to record levels, according to the National Association of REALTORS® (NAR). Buyer competition is fierce, as homes in the lower price ranges fly off the market.</p> <p>Unfortunately, that leaves many first-time buyers––especially those with tight budgets––on the sidelines. If you&#8217;re searching for your first home, be realistic about what you can afford and what amenities come with that budget. (Hint: You may have to forgo top-of-the-line appliances and shiny quartz countertops.)</p> <p>A starter home isn&#8217;t necessarily your forever home. Be prepared to make some compromises to get your foot in the homeownership door.</p> <p><strong>Adjust your wish list.</strong> Buyers shopping for their first home need to be open-minded about the location, size and condition of the home they want to buy, says Tim Deihl, associate broker with Gibson Sotheby&#8217;s International Realty in Boston.</p> <p>For many buyers, a classic starter home, which traditionally doesn&#8217;t have many amenities, is more achievable.</p> <p>&#8220;If your first home is the place you&#8217;re going to have your family, maybe build an addition and stay there forever; that&#8217;s one set of criteria. If your starter home will be a financial launch pad into a larger, better home, that&#8217;s a different approach,&#8221; Deihl says.</p> <p>Another strategy: Look for an older home in a well-established neighborhood. Resales typically cost less than brand-new homes, says Bradley Hunter, chief economist for HomeAdvisor.com, a home improvement matching service based in Golden, Colo.</p> <p>Older homes typically need more maintenance and repairs, which offset some of the savings; however, Hunter says, buyers who choose a used home might be able to do repairs and renovations over time, pacing themselves to make the cost manageable.</p> <p><strong>Hire the right real estate agent. </strong>When you&#8217;re up against stiff competition, working with an experienced real estate agent who knows the local market is key.</p> <p>Look for an agent who specializes in the neighborhoods you&#8217;re interested in. Savvy agents should be able to answer your questions about neighborhood amenities, local schools and nearby home values.</p> <p>A good agent shines when it comes to negotiating the deal and writing a strong offer letter backed with solid data. Your agent can suggest certain strategies to win in a competitive market, such as limiting contingencies or writing a personal letter.</p> <p>Ask friends and relatives to recommend agents they have used and were happy with. Also, interview two or three different agents. Find out how they prefer to communicate with clients and how often you&#8217;ll get updates. Finally, research the agents you&#8217;re considering online to see what past clients have said about their work.</p> <p><strong>Rethink location. </strong>If you&#8217;re thinking about starting a family in the future, don&#8217;t focus too much on your home&#8217;s location, size and school district just yet, Deihl says. Resetting those parameters can make it easier to buy a first home.</p> <p>&#8220;Buyers may be in a position where schools won&#8217;t impact them for six or seven years,&#8221; Deihl says. &#8220;That&#8217;s a good opportunity to buy in the city, make some money and roll that into a community where they want to be longer-term with the kids.&#8221;</p> <p>Buyers who sacrifice location for affordability can find themselves in a neighborhood far from major job centers with a long daily commute and expensive transportation costs. Sometimes that trade-off makes sense, but not always, says Cathy Coneway, a broker for Stanberry &amp; Associates REALTORS® in Austin, Texas.</p> <p>&#8220;You have to look at how much you make and how much you can afford to spend for gas,&#8221; Coneway says. &#8220;You might actually be better off buying a house that&#8217;s closer to town so you have more cash flow for property taxes, insurance and living expenses.&#8221;</p> <p><strong>Make a strong offer. </strong>When a well-priced starter house comes on the market, the quest to buy it can be &#8220;super competitive,&#8221; Deihl says.</p> <p>One way to strengthen an offer is to present a loan preapproval that includes everything but a title search, appraisal and hazard insurance, says Jay Dacey, a mortgage broker at Metropolitan Financial Mortgage Co. in Minneapolis.</p> <p>A strategic phone call might help, too.</p> <p>&#8220;We call the listing agent and say, &#8216;Mr. and Mrs. Jones submitted an offer on your property. Not only are they preapproved, but they&#8217;ve gone through the underwriting approval process with our bank,'&#8221; Dacey says. &#8220;That makes the offer stronger.&#8221;</p> <p>Other ways to entice sellers: Offer above asking price (if you can afford to), keep repair requests to a minimum, make a larger down payment or give them more time to move after closing.</p> <p><em>© 2018 </em><a href="http://www.bankrate.com" target="_blank"><em>Bankrate.com</em></a><br /> <em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/07/04/tips-help-you-find-starter-home/">5 Tips to Help You Find a Starter Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/07/04/tips-help-you-find-starter-home/feed/ 0 2018-07-04 20:01 +00:00 2018-07-04 13:01 -07:00 http://rismedia.com/?p=145252 http://rismedia.com/2018/06/28/tips-buying-foreclosed-home/ Advice Buying/Selling For Your Clients Home Spun Wisdom How-To Latest News Bankrate Buying Foreclosure Foreclosed Home Foreclosure Home-Buying real estate news Real Estate News and Information Real Estate Trends REO 5 Tips for Buying a Foreclosed Home <p>(TNS)—Buying a foreclosed home is not like the typical home purchase. In many cases, only one real estate agent is involved. The seller wants a preapproval letter from a lender before accepting an offer. There is little, if any, room for negotiation. The home is sold as-is, and it&#8217;s up to the buyer to pay [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/06/28/tips-buying-foreclosed-home/">5 Tips for Buying a Foreclosed Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 28 Jun 2018 20:01:29 Z http://rismedia.com/2018/06/28/tips-buying-foreclosed-home/#respond Susanne Dwyer <p>(TNS)—Buying a foreclosed home is not like the typical home purchase.</p> <p>In many cases, only one real estate agent is involved.</p> <p>The seller wants a preapproval letter from a lender before accepting an offer.</p> <p>There is little, if any, room for negotiation.</p> <p>The home is sold as-is, and it&#8217;s up to the buyer to pay for repairs.</p> <p>On the upside, most bank-owned homes are vacant, which can speed up the process of moving in.</p> <p>&#8220;Buying a foreclosure is definitely a bit of a grind. It&#8217;s not easy,&#8221; says Robert Jensen, broker and president of the Rob Jensen Co. in Las Vegas. &#8220;You&#8217;re getting fantastic pricing, but sometimes it takes going through a lot of houses and writing a lot of offers to get the home you want.&#8221;</p> <p><strong>Find a real estate broker and a lender.</strong><br /> The first two steps for buying a foreclosure should be taken at the same time. While you&#8217;re looking for a real estate broker who works directly with banks that own foreclosed homes, get a preapproval letter from a lender.</p> <p>Elaine Zimmerman, a real estate investor and author, recommends that shoppers first visit any site with a database of foreclosed homes. You also could look at a local real estate website that lets you filter the results to see only foreclosures.</p> <p>You might find the acronym REO, which means &#8220;real estate owned.&#8221; This signifies that the property has been foreclosed on and the lender now owns it and is selling it.</p> <p><strong>Get a broker on your side.</strong><br /> The goal of combing through foreclosure listings is not to find a house; it&#8217;s to find an agent. Banks usually hire real estate brokers to handle their REO properties. In many cases, the buyer works directly with the bank&#8217;s broker instead of using a buyer&#8217;s agent. That way, the commission doesn&#8217;t have to be split between two brokers.</p> <p>&#8220;A lot of these REALTORS® have a long-term relationship with these banks, and they know of listings that haven&#8217;t even come on the list yet,&#8221; Zimmerman says. &#8220;Call them about the listings that you&#8217;re interested in, but also ask them about listings that may be coming up, because sometimes it may take a day or two or even a week before a listing actually comes onto the database.&#8221;</p> <p><strong>Get a preapproval letter.</strong><br /> Unless you plan to pay cash, you&#8217;ll need a recent preapproval letter from a lender. The letter will detail how much money you can borrow, based on the lender&#8217;s assessment of your credit score and income.</p> <p>&#8220;The problem is, buyers want to find the house first, and then they think they&#8217;ll work out the financing,&#8221; Jensen says. &#8220;But the problem is, the really good deals on these bank-owned, they go quick—and the buyer doesn&#8217;t necessarily have time to try to work out the financing afterward. They need to work that out first.&#8221;</p> <p>Zimmerman says some first-time buyers make the mistake of assuming that the bank selling the home will also finance the mortgage as part of the deal. &#8220;Don&#8217;t expect to get financing from the bank that foreclosed on it,&#8221; she says. &#8220;That&#8217;s a totally separate transaction, and they view it that way. The people in the (bank&#8217;s) REO department are not loan officers. They are getting rid of bad assets.&#8221;</p> <p><strong>Look at comps before making an offer.</strong><br /> There&#8217;s no rule of thumb on what the bank&#8217;s bottom line is on price. Just as with any other real estate purchase, you have to look at the recent sales prices of comparable properties, or &#8220;comps.&#8221;</p> <p>&#8220;You really have to look at the comps in today&#8217;s current market conditions and write a competitive offer based on that,&#8221; says Jensen. &#8220;Sometimes the bank prices the homes really low, and the home will have multiple offers over list price within hours.</p> <p>&#8220;Sometimes it&#8217;s priced too high, and you can come in lower. A lot of times, buyers will come to me and say, &#8216;We want to write offers for half price.&#8217; It just doesn&#8217;t work that way.&#8221;</p> <p><strong>Bid the higher price if homes are selling quickly.</strong><br /> Keep in mind that foreclosed houses generally are sold as-is. That means that you shouldn&#8217;t expect to get a discount to compensate for repairs.</p> <p>Jensen says: &#8220;Let&#8217;s say the house is listed for $200,000, all the comps are $200,000, and so the client comes in and says, &#8216;Hey, look, I want to buy this house but I&#8217;ve got to do paint, carpet and fix some mold damage, so I want to take $15,000 off the price.&#8217; You know what? All the other ones were in the same condition, and they sold for $200,000.&#8221;</p> <p>Jensen further advises finding out how quickly comparable houses are selling. With foreclosures, a 3,500-square-foot house with a pool in a gated community might sell within days or hours, but more modest homes might sit on the market for weeks, or vice versa, depending on market conditions.</p> <p>If the foreclosed homes you&#8217;re looking at are selling swiftly, &#8220;the best advice on a bank-owned property is to come in at your highest and best, unless the property has been sitting on the market forever with no activity,&#8221; Jensen says.</p> <p>&#8220;If you&#8217;re going to be upset because you would have gone $5,000 more but you lost the property, just bid the higher price in the first place.&#8221;</p> <p><strong>Find tradespeople who can assess and repair damage.</strong><br /> Because repairs are almost inevitable with foreclosed houses, Jensen and Zimmerman recommend getting to know tradespeople who can assess and repair damage from pests, mold and leaks. Zimmerman says you should assume that the air conditioning needs to be fixed, and possibly the heating system, too.</p> <p>It all sounds daunting—but at least you don&#8217;t have to wait for the owner to move out of the house.</p> <p><em>©2018 </em><a href="http://www.bankrate.com" target="_blank"><em>Bankrate.com</em></a><br /> <em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/06/28/tips-buying-foreclosed-home/">5 Tips for Buying a Foreclosed Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/06/28/tips-buying-foreclosed-home/feed/ 0 2018-06-28 20:01 +00:00 2018-06-28 13:01 -07:00 http://money.cnn.com/2018/06/26/investing/lennar-housing-market-home-building/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/5zXWt3PRoaU/index.html Housing market remains strong, despite mortgage rate worries Homebuilder Lennar reported sales and profits that topped forecasts and indicated there is still healthy demand for new homes despite rising mortgage rates.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/5zXWt3PRoaU" height="1" width="1" alt=""/> Tue, 26 Jun 2018 10:56:13 -0400 http://money.cnn.com/2018/06/26/investing/lennar-housing-market-home-building/index.html?section=money_realestate 2018-06-26 10:56 -04:00 2018-06-26 07:56 -07:00 http://money.cnn.com/2018/06/20/real_estate/new-york-city-rents/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/sMoOHPhFMUg/index.html Is Manhattan's rental market finally cooling off? Rent prices in Manhattan are slowing down and landlords are offering concessions as inventory on the island grows.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/sMoOHPhFMUg" height="1" width="1" alt=""/> Wed, 20 Jun 2018 11:52:42 -0400 http://money.cnn.com/2018/06/20/real_estate/new-york-city-rents/index.html?section=money_realestate 2018-06-20 11:52 -04:00 2018-06-20 08:52 -07:00 http://money.cnn.com/2018/06/13/real_estate/west-coast-housing-markets/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/IZ6qb6b6fv0/index.html Why West Coast home prices are surging The hottest markets are in the West, and it's creating an affordability issue.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/IZ6qb6b6fv0" height="1" width="1" alt=""/> Wed, 13 Jun 2018 12:06:10 -0400 http://money.cnn.com/2018/06/13/real_estate/west-coast-housing-markets/index.html?section=money_realestate 2018-06-13 12:06 -04:00 2018-06-13 09:06 -07:00 http://rismedia.com/?p=144638 http://rismedia.com/2018/06/11/ask-expert-what-do-buyers-sellers-need-be-aware-this-summer/ Advice Buying/Selling For Your Clients House Canary Latest News Home Inspection Home Maintenance Home Repair Home-Buying Home-Selling Homebuyers and Sellers Pillar To Post Home Inspectors real estate news Ask the Expert: What Do Buyers and Sellers Need to Be Aware of This Summer? <p>Today&#8217;s Ask the Expert column features Dan Steward, president of Pillar To Post Home Inspectors. Q: As summer approaches, what do buyers and sellers need to be aware of? A: With the summer season right around the corner, here are a few critical components that can&#8217;t be overlooked by buyers and sellers alike. Insulation is [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/06/11/ask-expert-what-do-buyers-sellers-need-be-aware-this-summer/">Ask the Expert: What Do Buyers and Sellers Need to Be Aware of This Summer?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Mon, 11 Jun 2018 20:20:28 Z http://rismedia.com/2018/06/11/ask-expert-what-do-buyers-sellers-need-be-aware-this-summer/#respond Susanne Dwyer <p><em><img class="alignleft size-full wp-image-141586" src="http://rismedia.com/wp-content/uploads/2018/03/Steward_Dan_132px.jpg" alt="Steward_Dan_132px" width="132" height="157" />Today&#8217;s Ask the Expert column features Dan Steward, president of </em><a href="http://www.pillartopost.com" target="_blank"><em>Pillar To Post Home Inspectors</em></a><em>.</em></p> <p><strong>Q: As summer approaches, what do buyers and sellers need to be aware of?<br /> </strong></p> <p><strong>A:</strong> With the summer season right around the corner, here are a few critical components that can&#8217;t be overlooked by buyers and sellers alike.</p> <ul> <li><strong>Insulation is often lacking in a home&#8217;s attic</strong>, leading to excessive heat loss or gain and high energy bills. Consult a professional to determine if more insulation should be added.</li> </ul> <ul> <li><strong>Soot builds up in chimneys quickly</strong>, which can lead to carbon monoxide poisoning, in addition to posing a fire hazard. A certified chimney sweep should be hired to routinely clean your chimney to prevent build-up.</li> </ul> <ul> <li><strong>Deterioration and rot can remove caulk and grout around a bathtub</strong>, which can cause leaks and lead to extensive damage to the surrounding walls. You can determine if there&#8217;s insufficient grout by checking between tiled enclosures for voids. Caulk integrity can be determined by gently pressing and checking for any sponginess, a sign of weakened integrity.</li> </ul> <ul> <li><strong>A loose toilet seat, while uncomfortable, may be a sign of a bigger issue.</strong> In fact, a seat that rocks could indicate that the seal at the base has failed, which can allow water to leak to the floor below, causing significant damage. If the seat feels loose, have the toilet inspected by a professional—and have the seal replaced if necessary.</li> </ul> <ul> <li><strong>The electrical outlets in our homes are sometimes incapable of handling the large number of gadgets we now throw at them.</strong> To prevent problems from overloaded outlets, consult a certified electrician to install additional outlets to handle the increased load.</li> </ul> <ul> <li><strong>Plants too close to a home&#8217;s siding can cause moisture damage and premature wear.</strong> Make sure to keep vegetation in control by keeping plants neat and trim.</li> </ul> <ul> <li><strong>Downspouts often release against walls, which can cause the foundation to deteriorate</strong>, causing water to enter the basement. Redirect these downspouts away from the structure.</li> </ul> <ul> <li><strong>Like chimneys, oven or range filters can become clogged, posing a major fire hazard.</strong> Check filters for built-up grease, and consult a professional to check the connections to determine if the model needs exterior exhaust.</li> </ul> <ul> <li><strong>Seals around kitchen and bathroom sink fixtures can become loose</strong>, leading to water damage in cabinets below. Visually examine seals and test them to see if they feel loose. If so, repair or replace them immediately.</li> </ul> <ul> <li><strong>Roofs don&#8217;t last forever.</strong> When purchasing a home, consult a professional home inspector to determine both the age and condition of the roof. Failure to do so may result in a significant amount of expensive damage to the home.</li> </ul> <p><em>For more information, please visit </em><a href="http://www.pillartopost.com" target="_blank"><em>www.pillartopost.com</em></a><em>.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/06/11/ask-expert-what-do-buyers-sellers-need-be-aware-this-summer/">Ask the Expert: What Do Buyers and Sellers Need to Be Aware of This Summer?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/06/11/ask-expert-what-do-buyers-sellers-need-be-aware-this-summer/feed/ 0 2018-06-11 20:20 +00:00 2018-06-11 13:20 -07:00 http://money.cnn.com/2018/06/05/real_estate/house-flipping/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/1hk2DucQEHo/index.html He made $400,000 flipping a house Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/1hk2DucQEHo" height="1" width="1" alt=""/> Tue, 05 Jun 2018 12:05:06 -0400 http://money.cnn.com/2018/06/05/real_estate/house-flipping/index.html?section=money_realestate 2018-06-05 12:05 -04:00 2018-06-05 09:05 -07:00 http://money.cnn.com/2018/06/05/real_estate/homeowner-costs/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/vYZxY7i5PZ0/index.html What to spend money on (and what to DIY) as a new homeowner Angie Hicks, co-founder of Angie's List, talks about how to keep your costs in check as a new homeowner.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/vYZxY7i5PZ0" height="1" width="1" alt=""/> Tue, 05 Jun 2018 10:47:35 -0400 http://money.cnn.com/2018/06/05/real_estate/homeowner-costs/index.html?section=money_realestate 2018-06-05 10:47 -04:00 2018-06-05 07:47 -07:00 http://rismedia.com/?p=143961 http://rismedia.com/2018/05/28/listing-this-summer-best-investments-make-outdoors/ Advice Buying/Selling Consumer For Your Clients Home Improvement Home Spun Wisdom House Canary Latest News News Curb Appeal Home-Selling Landscaping NAR Outdoor Improvements real estate news Listing This Summer? The Best Investments to Make Outdoors <p>Are you listing this summer? Get your outdoors in shape—it can pay off. According to National Association of REALTORS® (NAR) research, certain exterior improvements are likely to recoup at resale. Based on feedback from REALTORS®—who, through their experience, know what house hunters are ready to spend on—the best enhancements are lawn care, landscape maintenance and [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/05/28/listing-this-summer-best-investments-make-outdoors/">Listing This Summer? The Best Investments to Make Outdoors</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Mon, 28 May 2018 20:01:03 Z http://rismedia.com/2018/05/28/listing-this-summer-best-investments-make-outdoors/#respond Susanne Dwyer <p>Are you listing this summer? Get your outdoors in shape—it can pay off.</p> <p>According to National Association of REALTORS® (NAR) <a href="https://www.nar.realtor/research-and-statistics/research-reports/remodeling-impact-report-outdoor-features" target="_blank">research</a>, certain exterior improvements are likely to recoup at resale. Based on feedback from REALTORS®—who, through their experience, know what house hunters are ready to spend on—the best enhancements are lawn care, landscape maintenance and tree care, and installing an irrigation system. Landscape/lawn care pays for itself—generally 100 percent of the expense or more is recovered, according to the research—while irrigation has a promising ROI of 86 percent.</p> <p>For homeowners not selling yet, exterior improvements can be satisfying in and of themselves. Assigning a &#8220;Joy Score&#8221; from one to 10, with 10 anteing up the most enjoyment, both a fire feature and an irrigation system earned 10s, followed by a new wood deck or water feature (both 9.8s), &#8220;statement landscaping&#8221; (9.7) and an &#8220;overall landscape upgrade&#8221; (9.6), the research shows.</p> <p>&#8220;REALTORS® understand that a home&#8217;s first impression is its curb appeal, so when it comes time to sell, a well-manicured yard can be just as important as any indoor remodel,&#8221; says NAR President Elizabeth Mendenhall. &#8220;Even homeowners with no immediate plans to sell can gain more enjoyment and satisfaction from their home by taking on a project to revive their outdoor spaces.&#8221;</p> <p><em>MORE: </em><a href="http://blog.rismedia.com/2017/front-door-flooring-happy-home-upgrades/"><em>A Front Door, Flooring and Other &#8216;Happy&#8217; Home Upgrades</em></a></p> <p>Additionally, appearances matter beyond the residential space. Forty-three percent of REALTORS® have advised a commercial owner to improve the outside of the property, including lawn care, landscape management and an &#8220;overall landscape upgrade,&#8221; the research shows.</p> <p>&#8220;It is not just homeowners that need to think about curb appeal when it comes time to sell; a beautiful exterior is just as important for commercial property owners,&#8221; Mendenhall said. &#8220;In fact, 81 percent of REALTORS® said they believe curb appeal is important in attracting a buyer.&#8221;</p> <p>&#8220;This report validates that landscaping is an investment worth making, offering the immediate benefits of increased enjoyment of your property, as well as desirable long-term value that holds if or when it comes time to sell,&#8221; says Missy Henriksen, vice president, Public Affairs, at the National Association of Landscape Professionals (NALP), which collaborated with NAR on the report. &#8220;From lawn and tree care to installing a new fire or water feature or landscape lighting, there&#8217;s no shortage of opportunities to enhance your landscape and to reap the benefits these upgrades provide.&#8221;</p> <p><em>For more information, please visit </em><a href="http://www.nar.realtor" target="_blank"><em>www.nar.realtor</em></a><em>.<br /> </em></p> <p><em><img class="alignleft size-full wp-image-138277" src="http://rismedia.com/wp-content/uploads/2018/01/DeVita_Suzanne_60x60.jpg" alt="DeVita_Suzanne_60x60" width="60" height="60" />Suzanne De Vita is RISMedia&#8217;s online news editor. Email her your real estate news ideas at </em><a href="mailto:sdevita@rismedia.com"><em>sdevita@rismedia.com</em></a><em>. For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/05/28/listing-this-summer-best-investments-make-outdoors/">Listing This Summer? The Best Investments to Make Outdoors</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/05/28/listing-this-summer-best-investments-make-outdoors/feed/ 0 2018-05-28 20:01 +00:00 2018-05-28 13:01 -07:00 http://money.cnn.com/2018/05/24/pf/how-to-lower-home-mortgage/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/RjLdgvL4fck/index.html How to save $9,000 on your mortgage Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/RjLdgvL4fck" height="1" width="1" alt=""/> Fri, 25 May 2018 12:59:13 -0400 http://money.cnn.com/2018/05/24/pf/how-to-lower-home-mortgage/index.html?section=money_realestate 2018-05-25 12:59 -04:00 2018-05-25 09:59 -07:00 http://money.cnn.com/2018/05/16/pf/buying-a-home-seattle/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/kNqk8lSmj_s/index.html It's tough to be a homebuyer in Seattle Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/kNqk8lSmj_s" height="1" width="1" alt=""/> Wed, 16 May 2018 13:20:25 -0400 http://money.cnn.com/2018/05/16/pf/buying-a-home-seattle/index.html?section=money_realestate 2018-05-16 13:20 -04:00 2018-05-16 10:20 -07:00 http://money.cnn.com/2018/05/15/investing/home-depot-housing-market-earnings/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/8rzs11gCwMM/index.html Home Depot's sluggish sales may be warning sign for housing Home Deport reported sales growth that missed Wall Street's forecasts. The company specifically cited a 'slow start' to spring as a problem. Bad weather did hurt sales. But rising mortgage rates might be a bigger problem going forward.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/8rzs11gCwMM" height="1" width="1" alt=""/> Tue, 15 May 2018 11:01:43 -0400 http://money.cnn.com/2018/05/15/investing/home-depot-housing-market-earnings/index.html?section=money_realestate 2018-05-15 11:01 -04:00 2018-05-15 08:01 -07:00 http://rismedia.com/?p=143424 http://rismedia.com/2018/05/14/common-home-buying-mistakes-people-make-every-age/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News ARM Bankrate First-Time Homebuyer Home-Buying Home-Buying Mistakes Homebuyer Ilyce Glink real estate news Vacation Home Common Home-Buying Mistakes People Make at Every Age <p>(TNS)—No matter the age or life stage, everyone makes mistakes when it comes to home-buying. Whether it&#8217;s picking the wrong location or buying more house than you can afford, the mistakes are often universal, says Ilyce Glink, author of &#8220;100 Questions Every First-Time Home Buyer Should Ask.&#8221; &#8220;When you&#8217;re in your 20s, your life isn&#8217;t [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/05/14/common-home-buying-mistakes-people-make-every-age/">Common Home-Buying Mistakes People Make at Every Age</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Mon, 14 May 2018 19:51:13 Z http://rismedia.com/2018/05/14/common-home-buying-mistakes-people-make-every-age/#respond Susanne Dwyer <p>(TNS)—No matter the age or life stage, everyone makes mistakes when it comes to home-buying.</p> <p>Whether it&#8217;s picking the wrong location or buying more house than you can afford, the mistakes are often universal, says Ilyce Glink, author of &#8220;100 Questions Every First-Time Home Buyer Should Ask.&#8221;</p> <p>&#8220;When you&#8217;re in your 20s, your life isn&#8217;t the same as when you&#8217;re retired, and yet you&#8217;re both going to make timing mistakes,&#8221; Glink says. &#8220;You may make location mistakes. You may not think about what you need for every stage of your life, so you buy the wrong size home or make a bad money decision.&#8221;</p> <p>Even so, certain age groups are more susceptible to particular missteps than others. Here are common mistakes homeowners make at each age, and a few ways to avoid them.</p> <p><strong>20s: Getting the Wrong Type of Mortgage</strong><br /> People in their 20s are just starting their careers and usually have less money saved than older homebuyers. For these folks, paying less for a mortgage is not just a priority, but a necessity.</p> <p>This can be a bad thing if buyers get into an adjustable-rate mortgage (ARM) thinking they will earn more money down the road, says Michael Corbett, host of Extra&#8217;s &#8220;Mansions and Millionaires&#8221; and author of &#8220;Find It, Fix It, Flip It.&#8221;</p> <p>&#8220;Younger buyers might get an adjustable-rate mortgage because the rate is really low; it&#8217;s like a teaser rate, and they think, &#8216;I&#8217;m going to get it because I&#8217;m improving in my job situation or I&#8217;ll pay off my student loan&#8217;—but if that doesn&#8217;t happen then, when interest rates go up in five to seven years, they&#8217;re going to see their mortgage rates double or even triple,&#8221; Corbett says.</p> <p>If the rates on ARMs increase dramatically, there&#8217;s a chance the borrower will no longer be able to afford their mortgage payment, which could put the house in jeopardy. Before leaping into an ARM with just a dream of a house and a hope for a bigger paycheck, consider other cost-saving alternatives.</p> <p>Along with popular programs like FHA loans and VA loans, there are other lesser-known initiatives geared to homebuyers on a fixed income. The HUD-sponsored Good Neighbor Next Door program, for example, offers home-buying assistance for law enforcement officers, firefighters, emergency medical technicians and pre-kindergarten through 12th grade teachers.</p> <p>Along with federal money, there are also state-sponsored grants for first-time homebuyers, which you can typically find on your state&#8217;s website.</p> <p><strong>30s: Not Thinking About the Future</strong><br /> Homebuyers in their 30s blunder by not considering a future family when they&#8217;re standing in the middle of downtown condo with gorgeous views and access to a rooftop pool. While snagging the ultimate bachelor or bachelorette pad might seem alluring, it can also cost you money down the road, Corbett says.</p> <p>&#8220;What happens is they end up having to sell—maybe not at an appropriate time—the bachelor pad and get into another house,&#8221; says Corbett. &#8220;Now they&#8217;re doing it under duress instead of planning ahead the first time, so there&#8217;s a lot of money lost there.&#8221;</p> <p>If you plan on having a family, it&#8217;s important to consider that when you&#8217;re home shopping, even if you&#8217;re currently single. Glink says to ask yourself these questions before buying a home:</p> <ul> <li>Who do I imagine living with in the future?</li> <li>Where do I imagine living?</li> <li>How do I imagine living?</li> </ul> <p>Those answers should be an integral part of what you look for in a home. For example, if you think you might want kids or even a dog, you&#8217;ll probably want to choose a home with a backyard versus one near a great nightlife.</p> <p><strong>40s-50s: Overestimating Your Budget</strong><br /> In your 40s and 50s, you tend to have more money, which can lead to overestimating your budget and buying a house you can&#8217;t afford. One way to avoid this is to figure out your lifestyle comfort level, Glink says.</p> <p>&#8220;Just because you can afford a $500,000 home doesn&#8217;t mean you should buy one,&#8221; says Glink. &#8220;If you&#8217;re married and both you and your spouse are working, figure out whether or not you can afford the mortgage payment if one of you gets laid off.&#8221;</p> <p>Figuring out your budget is a critical step for buyers of all ages. Even experienced homebuyers can make the mistake of spending at their limit, which can mean making sacrifices that they weren&#8217;t prepared to make. Use Bankrate&#8217;s home affordability calculator to determine how much you should spend.</p> <p>The takeaway for buyers in their 40s and 50s is to leave room in the budget for things they aren&#8217;t willing to give up—for example, private school for the kids.</p> <p><strong>60s and up: Falling in Love With That Vacation Home</strong><br /> Many homeowners in their 60s are retired or getting ready to retire. Among the many decisions retirees make is where to live. While some choose to stay where they are, many plan on moving to warmer climates, or even another country.</p> <p>A costly mistake retirees make, Glink says, is going on vacation, falling in love with the place and moving immediately. Relocating and buying a home is an expensive process, so retirees should be sure they familiarize themselves with a new place before buying.</p> <p>&#8220;Too many retirees make the mistake of going on vacation, and they think, &#8216;Oh my god, this is great,&#8217; and they go home immediately and they sell their house,&#8221; says Glink. &#8220;They get there and they hate it. They didn&#8217;t spend enough time there.&#8221;</p> <p>Before buying a new house in your vacation paradise, be sure to visit the area in every climate. For example, Florida is great in the winter, but many people might not be comfortable in the humid summer months. The same goes for Northern areas—what&#8217;s blissful in one season can be awful in another.</p> <p><em>©2018 </em><a href="http://www.bankrate.com" target="_blank"><em>Bankrate.com</em></a><br /> <em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/05/14/common-home-buying-mistakes-people-make-every-age/">Common Home-Buying Mistakes People Make at Every Age</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/05/14/common-home-buying-mistakes-people-make-every-age/feed/ 0 2018-05-14 19:51 +00:00 2018-05-14 12:51 -07:00 http://rismedia.com/?p=143287 http://rismedia.com/2018/05/10/how-on-demand-consumer-has-changed-real-estate-industry/ Advice Buying/Selling House Canary Innovation Latest News Technology Home-Buying Home-Selling OfferPad Real Estate Industry real estate news Real Estate Technology How the On-Demand Consumer Has Changed the Real Estate Industry <p>Over the last decade, homebuyers have become more tech-savvy, beginning with a simple shift of traditional in-store shopping and REALTOR® office visits to Cyber Monday shopping and searching for house listings online. As the real estate industry continues to grow, consumers have come to adopt, and expect, a self-sufficient, on-demand technology experience, where they have [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/05/10/how-on-demand-consumer-has-changed-real-estate-industry/">How the On-Demand Consumer Has Changed the Real Estate Industry</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 10 May 2018 20:48:59 Z http://rismedia.com/2018/05/10/how-on-demand-consumer-has-changed-real-estate-industry/#respond Susanne Dwyer <p>Over the last decade, homebuyers have become more tech-savvy, beginning with a simple shift of traditional in-store shopping and REALTOR® office visits to Cyber Monday shopping and searching for house listings online. As the real estate industry continues to grow, consumers have come to adopt, and expect, a self-sufficient, on-demand technology experience, where they have control over the process.<strong><br /> </strong></p> <p><strong>For the Buyer</strong><br /> Having absolute transparency to <a href="https://buy.offerpad.com" target="_blank">browsing house listings</a> online has done numerous things for the real estate consumer, including increasing their overall knowledge and convenience, and making it a much more simpler process to buy a home. Consumers can educate themselves on real estate trends and changes in the industry. Rather than waiting on a third party, or real estate agent, to send them a list of houses, the consumer has the freedom to browse online from the comfort of their home.</p> <p>Outside of the online experience, companies such as <a href="https://www.offerpad.com" target="_blank">OfferPad</a> allow buyers to browse their homes on their own and during their own timeframe. If interested in touring a home, the customer can simply send a text message and instantly gain access to the home. There is no need for an agent to be on-site, and the pressure is removed from the buyer. If the customer is interested in making a purchase offer, they are free to directly work with OfferPad.</p> <p><strong>For the Seller</strong><br /> Very similar to a buyer, a homeowner selling their home has more transparency into the market, as well. They have a better insight to what the buyer may be looking for, and possibly an inkling of what they think their home may be worth. Those who have sold a house before through the traditional process know that it can be a long and stressful event. Everything from determining what renovations need to be done to the home, keeping it clutter-free for when strangers want to tour it, worrying about how long the home may be on the market, and expenses that come along with each day, then hoping the right buyer doesn&#8217;t fall through…the process can be time-consuming.</p> <p>Recent real estate industry changes have <a href="https://blog.offerpad.com/10-technologies-changed-lives-10-years/" target="_blank">welcomed technology</a> and alternate ways to buy and sell a house. Emerging companies like OfferPad offer a new way for people to move freely. Those who are looking for a more seamless way to sell their home that offers certainty, and removes much of the pain points, are selecting companies to directly buy their home.</p> <p>With nearly every industry making great strides to support the on-demand consumer, real estate will need to evolve, and continue bringing innovative ideas and solutions to the homebuyer and seller. For those interested in using OfferPad as a different, hassle-free way to move freely, visit <a href="http://www.offerpad.com" target="_blank">offerpad.com</a>, and type in your address and property information. The company will contact you within 24 hours to provide an offer.</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2018/05/10/how-on-demand-consumer-has-changed-real-estate-industry/">How the On-Demand Consumer Has Changed the Real Estate Industry</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2018/05/10/how-on-demand-consumer-has-changed-real-estate-industry/feed/ 0 2018-05-10 20:48 +00:00 2018-05-10 13:48 -07:00 http://money.cnn.com/2018/04/26/real_estate/ready-to-buy-a-home/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/XLfbfgcrcNM/index.html Are you ready to buy a home? Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/XLfbfgcrcNM" height="1" width="1" alt=""/> Thu, 26 Apr 2018 10:34:05 -0400 http://money.cnn.com/2018/04/26/real_estate/ready-to-buy-a-home/index.html?section=money_realestate 2018-04-26 10:34 -04:00 2018-04-26 07:34 -07:00 http://money.cnn.com/2018/04/25/real_estate/home-buyers-mortgage-rates/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/BpsAvhsU-jw/index.html Even rising mortgage rates won't stop homebuyers Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/BpsAvhsU-jw" height="1" width="1" alt=""/> Wed, 25 Apr 2018 13:05:24 -0400 http://money.cnn.com/2018/04/25/real_estate/home-buyers-mortgage-rates/index.html?section=money_realestate 2018-04-25 13:05 -04:00 2018-04-25 10:05 -07:00 http://money.cnn.com/2018/04/24/real_estate/home-prices-rise-case-shiller/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/fRfmN5HX35U/index.html Home prices are on an epic run Real estate prices posted an annual gain of 6.3% in February, and have been rising continuously for the past 70 months.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/fRfmN5HX35U" height="1" width="1" alt=""/> Tue, 24 Apr 2018 12:37:11 -0400 http://money.cnn.com/2018/04/24/real_estate/home-prices-rise-case-shiller/index.html?section=money_realestate 2018-04-24 12:37 -04:00 2018-04-24 09:37 -07:00 http://money.cnn.com/2018/04/22/news/economy/hurricane-foreclosures-houston/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Og0994PFv1o/index.html How these hurricane-ravaged states have avoided a housing disaster -- so far An expected deluge of hurricane-related foreclosures has so far been avoided, thanks in part to new provisions by federal agencies and regulations imposed after the financial crisis.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Og0994PFv1o" height="1" width="1" alt=""/> Sun, 22 Apr 2018 10:09:39 -0400 http://money.cnn.com/2018/04/22/news/economy/hurricane-foreclosures-houston/index.html?section=money_realestate 2018-04-22 10:09 -04:00 2018-04-22 07:09 -07:00 http://money.cnn.com/2018/04/19/real_estate/afford-your-first-home/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/1aVZSstduDI/index.html 5 ways to afford your first home Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/1aVZSstduDI" height="1" width="1" alt=""/> Thu, 19 Apr 2018 09:43:36 -0400 http://money.cnn.com/2018/04/19/real_estate/afford-your-first-home/index.html?section=money_realestate 2018-04-19 09:43 -04:00 2018-04-19 06:43 -07:00 http://money.cnn.com/2018/04/17/news/economy/kileen-texas-homeownership/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/AfuVxm5ol4Y/index.html This Texas military town has nearly closed the black and white homeownership gap Killeen, Texas is a relative oasis of racial parity when it comes to homeownership. The reason: Fort Hood.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/AfuVxm5ol4Y" height="1" width="1" alt=""/> Tue, 17 Apr 2018 09:27:46 -0400 http://money.cnn.com/2018/04/17/news/economy/kileen-texas-homeownership/index.html?section=money_realestate 2018-04-17 09:27 -04:00 2018-04-17 06:27 -07:00 http://money.cnn.com/2018/04/12/news/economy/london-house-prices-coma/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/UPcR9gH5dQI/index.html London's property market is in a coma London experienced years of booming property prices. But the market has now ground to a halt.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/UPcR9gH5dQI" height="1" width="1" alt=""/> Thu, 12 Apr 2018 08:12:03 -0400 http://money.cnn.com/2018/04/12/news/economy/london-house-prices-coma/index.html?section=money_realestate 2018-04-12 08:12 -04:00 2018-04-12 05:12 -07:00 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/tmQBiEFyXNk/ What will your monthly mortgage payment be? In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/tmQBiEFyXNk" height="1" width="1" alt=""/> Mon, 02 Feb 2015 10:53:13 -0500 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate 2015-02-02 10:53 -05:00 2015-02-02 08:53 -07:00 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/wK06F6O88wk/ Was my home a good investment? Calculate the return on your home and how it compares to returns on stocks, bonds and overall home prices.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/wK06F6O88wk" height="1" width="1" alt=""/> Tue, 05 Nov 2013 11:10:09 -0500 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate 2013-11-05 11:10 -05:00 2013-11-05 09:10 -07:00