Lending improving, mortgage rates low, affordability is high!
Wednesday, November 30, 2011
Tuesday, November 29, 2011
Boone County Indiana is really moving!
If you are moving to Indiana, Boone county is the place to live. Affordable real estate, great schools and nice people.
Here's a little something from Forbes Magazine if you are looking for a great garage.
I know a couple of homes locally that might suit you!
Call me.
6985675
Wednesday, November 23, 2011
Happy Thanksgiving!
Well, another year, another gobble gobble as in investors are gobbling up great real estate deals because they know that the rental market will be very strong next year and on to 2014. It's as if we are traveling back in time to an earlier year where people rented more than owned.
The European markets are drowning in debt and we are thankful that the USA is not quite in that bad shape.
We are thankful that the Latin American markets are doing well. And we will be eternally thankful to them if they don't forget that we are friends except of course for Mexico who cares not for its people, and who sees the United States as a rich uncle who owes them everything. And thanks to the drug cartels--nine fighting it out in the border town of Reynosa alone, the border states real estate is booming, but the culture is suffering and the cultural clash is reaching the boiling point.
What does all this have to do with the State of Real Estate? Well, it's Thanksgiving and we are thankful that we can take a break, enjoy our family and pray together that the good ol' USA will survive
Wednesday, November 9, 2011
Veteran's Day coming up!
If you are a veteran, Thank you!
If you are a veteran or spouse of a veteran, I hope you will find this information useful. There's money out there for veterans, so please use this valuable service.
Tuesday, November 8, 2011
Exterior Finishes/Veneers
Here's a very interesting article from REALTOR.org on the pros and cons of various exterior finishes.
Thursday, November 3, 2011
Co-habitating or Same-sex couples can own a home!
A couple of referenced couples have approached me to ask if they can own a home if they are not married.
The answer is yes, indeed. I'm using information provided from a documents titled Forms of Co-Ownership from my friends at Chicago Title. And of course, you should consult an attorney, or CPA to determine the legal and tax consequences of how title is vested. Here in Indiana married couples assume property as man and wife in a Tenancy by the Entirities. The husband and wife own as "one entity". Title is not separable, each has individual interest in the whole and the creation of an estate is presumed (unless otherwise stated). They have equal rights of possession and a conveyance must be signed by both. The survivor becomes the sole owner.
Joint Tenancy situation. The ownership, persons can/may be husband and wife interests must be equal and title interest is in the whole. The granting clause in the deed must specify joint tenants with rights of survivorship. Each has equal right of possession. The purchaser becomes a tenant in common with the other co-owner in the property. Sale of the interest by each party.
When couples are not married, they may take ownership of a property as Tenancy in Common. Any number of people, ownership is divided into equal interest, each has a separate legal title to his undivided interest, equal rights of possession. The co-owners interest may be conveyed separately without the consent of co-owners. The purchaser becomes a tenant in common with other co-owners, and on co-owner's death, the interest passes to his/her estate.
Wednesday, November 2, 2011
How's this for Real Estate Nirvana?
Harry Smith with NBC news reported that there are so many jobs in North Dakota presently, that anyone who can drive a truck or drive a nail into a wall can make from $40K to $80K per year.
Not only that, there is no housing for the expected population shift. Builders and construction crews are working feverishly to keep up with the demand.
Ah, to be a realtor in North Dakota today, "Go west young men and women, go west!"
What a wonderful silver lining in today's economy.
If you go, hey, send me a referral, please!
317-698-5675
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