Great News For Short Sales

Tax implications for the borrower was very significant that a short sale would not be in the borrower’s best interest. Before a short sale was contemplated in 2007, I strongly recommended that the borrower seek the advice of a professional tax advisor.

Generally speaking, any relief of indebtedness was supposed to be included in the sellers gross income for the tax year.
The great news is that as of January 4th, 2008 Congress and the President pass into law that a short sale will not be liability for the seller period. Read It Here
There are some exceptions to this rule , please contact me if you have any questions.
www.ReallyNiceHomes.com

Is it time?

Is It Time?

In a highly unusual move on Tuesday the Federal Reserve slashed the fed funds rate to 3.5 percent, from 4.25 percent, hoping to calm the markets and to stimulate the slowing economy to avoid the recession looming in the horizon. That the Federal Reserve did so a week before its scheduled meeting gives you a hint what they really think about our economy.

When rates are that low, the opportunity to buy a home becomes a reality for some people. In a previous post I brought to you attention the “Perfect Storm” In a nut shell, I bring the facts to the front, from politics, to the Federal Reserve and the huge amount of home inventory out there at cut rate prices.
Tuesday’s move has made it even an easier decision for some people. If you are in the fence right now, consider these facts from the trenches.

• 
  You may have available a 5.250% Fixed Rate. . lowest in years.


• 
  Converting your existing home to an investment property and borrowing money as owner occupied for your new home. .may keep you away from becoming a seller.


• 
  Simply put. It’s a ”Buyer’s Market” out there! . .Meaning that that $800,000 home you saw a couple years ago. . SOLD to you in the $600’s!


• 
  If you been thinking to cut on your traffic commute but moving closer to your job but, thought that you couldn’t afford it. . think again.

Industry leaders warn if you're waiting for the fed to drop the rate even lower, don't get too greedy. Do you really believe that the market will go down even further?

Are you waiting for the real estate market to bottom up?

HELLO!! If you are waiting for the bottom of the market to buy. . when you even realize it. . the market is already on it’s way UP!
One more little nugget:
If you plans are to remain in your current home for 2 years or more and CAN refinance it a fixed rate. . DO IT NOW!
I can tell you that there's no guarantee it'll stay where it's at. When I see possible fixed rates in the lows 5% range . . .I would be locking it up!

The New Wave In Real Estate

The New Wave Of Real Estate

Traditionally when you are selling a home. You will need to sign a 6 to 8 month listing agreement with a friend of a friend’s Realtor with 20 years of experience. You are counting in this experience to show. . and after 4 months have passed and an incessantly pressure to drop your price so the “Experience Realtor” can get his/ her commission before the listing expires, you realize that you’ve made a mistake.

Face it, you have had your home on the market for 4 months and your real estate agent with 20 years experience has done nothing but use your home as a way to find new buyers to represent, and whines incessantly about how expensive the ads in the newspaper are.

You ask yourself. .why, why, why?

It is amazing to me that the same person that hires a Realtor just because of his “experience” will not think twice and start looking for new home in the Internet in case their house sells.

Hello?. .

Internet!

Have you considered maybe that the same person that will be buying your home will do exactly the same?

Start in the internet to search for a new home.

I’m sorry but you and your “experienced” Real Estate Agent are so mired in the toxic phrase “We have always done it this way” and really believe that marketing to sell a home comes in 4 steps

Step #1 Sign the listing

Step #2 Put it in the MLS

Step #3 Put an ad in the local newspaper

Step #4 Do an Open House

And it’s SOLD!!

Yet, you know that when you were looking for your next home, that you never once looked in a newspaper, you looked at the web. You never thought about an open house . . you simply found the home that you were looking for online.

Ask your “Experience Realtor” about his internet marketing. Chances are that he may not even have an email address!

Or. .

Their definition of web presence is to have a template by their broker that gets updated “magically” when they have a new listing.

If you are working with an ol’timer with 20 years of experience and he has never used Postlets.com or did a simple HTML for an ad.. . run and stay away from them.

The new wave of Real Estate is here.

GPS, GoogleMaps, Email Blast, Instant Communication and Response, Videos, personalized websites, PPC ads, CSS Feedback, Tablet Presentations.

This is just the tip of the iceberg.

To sell a home these days, you have to think like a buyer and hire a Realtor that has the tools in place. Nowadays, there is a surge in online companies that are developing the services and tools you will need to help you sell your home the FASTEST AND FOR THE MOST MONEY.

BEWARE of Realtors that want to LIST your house not SELL IT. . There is a difference after all.

A Realtor that wants to list your house will use it to get buyers

A Realtor that wants to sell your home, will market it until it sells.

The first Realtor maybe cheaper. . . . But even if he only charges you ONE DOLLAR

That’s ONE DOLLAR TOO MUCH!

Our website www.ReallyNiceHomes.com is designed completely from scratch and some months has welcomed up to 5000 new visitors.

We don’t just LIST our homes. .

WE SELL THEM!

And. .We are readily available by calling 240-426-5754

The Perfect Storm

The PERFECT STORM
Converting your home to investment Property
What a concept!
What a great opportunity to do just that in these market conditions.
If you are ready for a larger property and would like to take advantage of the low interest rates but HATE selling your home at its current value
The perfect storm has finally arrived. .
Purchase a new home as a Primary residence therefore qualifying you as owner-occupied housing. This will immediately reduce your acquiring expenses requiring for you to come up with LESS down payment and qualifying for Lower Interest rates
Keep your current home and converted into an investment property
If you have lived in a property for two years for the last five years. .you can escape Federal Taxes on up to $500,000 in profit. (Caveat: You are still being taxed on depreciation for the actual rental years. . check with your accountant)
Another HUGE BENEFIT, You can feel more at ease. You know the property very well; you have an idea of its future expenses. It's the easiest way to transition in becoming a Real Estate Investor
OPM.
How many times have you heard this term?
Other
People's
Money
THIS IS EXACTLY THAT
You are using your Bank's money to Make Money!
If you live in a $300,000 home and rent it
Then Buy
A $700,000 home
You have ONE MILLON DOLLARS OF Real Estate!!
And now for the last piece. .
If your favorite candidate becomes president next year and the CHANGE they are talking about actually works. .
You could have a 10% increase in real estate value from our current bottom market prices. . .
With a cool one million dollars holding in real estate. . you just made
$100,000!
Using other peoples money
VIVA LA DEMOCRACIA !!
Isn't that amazing?
We are one step ahead of the competition
At Herboso & Associates, we look out for your best interest. .
We open the possibilities and we fully keep you connected with real estate. .because we breathe it 24- 7 in my office.
A Brand new service that http://www.reallynicehomes.com/ will be utilizing in the new future.
Get informed instantly for a FREE LIST of
EXECUTIVE HOMES in Foreclosure or Pre-Foreclosure.
We can find you these distressed homes directly from the bank. Please email me if you would like a free subscription n to this service
At: Fernando@ReallyNiceHomes.com

A Tribute. .

To the ones that defend my rights to be what I want to be. . .

To the ones that defend my rights for opportunity

To the ones that valiantly fight to keep my family safe. .

Thank You Thank You Thank You

If you have family in the military.. . .also, I want to thank you for your sacrifice

MERRY CHRISTMAS from my family to yours. . .

SURPRISE. .

REVELATION
Historical Real Estate Prices
Average Median Price
All the way back from
1967 – to Present

Drag your mouse at “START”
Left click pressing . .
Take mouse to
To the TOP

In 2008 DO NOT COMPLAIN! REAL ESTATE ALWAYS GOES UP!

2007-$300,000

1997- $150,000

1987-$100,000

1977-$45,000

1967-$35,000

START

Buy Real Estate 30 CENTS ON THE DOLLAR !!

BUY REAL ESTATE 30 CENTS ON THE DOLLAR

My Take in Bulk REO ( Real Estate Owned) purchases from BANKS

There has always been institutional buyers of Bulk REO Portfolio's in the past. They negotiate with banks directly and receive substantial discounts when they purchase REO packages sometimes paying as little as 50 cents on the dollar. The reason for this is because they have the capital and resources to purchase Bulk REO Packages of $10 million dollars ands sometimes more per transaction. Banks holding these foreclosures in their possession want a quick solution and they favor these institutions over single lonely investors like you and me for obvious reasons. The sub-prime crisis has created a bonanza of opportunities and companies. They specializing, quickly I may add in pooling money from Mom & Pop investors like you and me to buy a huge chunk of foreclosures in one single step. A caveat is that as an investor, you basically do not have ownership of one or two properties but. . The group of investors own ALL the properties and share in the profit or losses of each acquisition. There is no hands on involvement form you as a real estate investor and essentially it is just like buying stocks in a mutual fund that uses 100% of the money to buy a bundle of REO's and pay the fees.

Buyer beware, I noticed lately a huge increase in companies coming up with crazy unsubstantiated claims that they can purchase properties as low as 30 cents on the dollar. After they take your money and 6 months later, you may find out that your money was not buying REO's but purchased a nice Villa in Costa Rica for the scam artists.

I recently decided that I should get in the action and went after information to do just this; to purchase bank foreclosures from a bank. I found out that the capital needed was upwards of the ten million range. I can always put my money with a company that specializes on this . . but I lose control. I can see the potential for enormous profit, but for now, I will stick out and rely heavily in my real estate experience.

As a Realtor that loves to put together a purchase for my investor clients There is no better satisfaction than a high five to my client four months later . . .after leaving the closing table with a big fat check and the knowledge that I just got another client for life!

If you are looking for a investment property, a rehabber, a short sale of just want to find a bargain home for you and your family, in Maryland, DC or Virginia there is only one numebr you should call, 240-426-5754 and talk to Fernando.
Our Website: http://www.herboso.com

FIVE REASONS Why Should You Buy A Home For Investment Right Now. .

1. 
   Buying a home can mean building significant equity value through the years. Yes, it’s been a rough 2007 for most of us. . but the “ Law Of Gravity” for Real Estate has always been upwards.
2. 
   You should think carefully about how much you can afford to spend and consider that guidelines from banks are now very tight. .and consider that today, INTEREST RATES are at it's LOWEST since 2004!
3. 
   Working with your lender is a good way to determine how much house you can afford to buy to keep focus. . Most lenders would welcome an exclusive meeting with yourself to advice you in countless options as far as money is concerned. Take advantage, use their experience. I promise you they aren’t busy right now and they will even do research for you.
4. 
   Inventory is at historic levels. . . . If you can convert your current home to an investment property and buy your dream home today. . .you will be in an enviable position to upgrade your castle at rock bottom prices. In addition your mortgage payments will be low because of the current interest rates.
5. 
   Schools, taxes, services, crime rates, transportation, and zoning are important considerations when selecting a neighborhood. By choosing us to represent you in buying your next home, we will consult with you to help you find just the right property for you.

How Far We Would Go To Sell Your Home. .

It's insane that you want to tackle selling your home on your own theses days. You need a FULL army of marketing professionals to get yourself noticed. . some times it feels that there is only one buyer for every 20 houses in the market today.
How can we stick out and attract these buyers. .
Here's a hint. . A LOCAL COMPANY FOR MD, DC and VA Check our Hummer advertising all our listings at www.ReallyNiceHomes.com

Thanks !

As many of us prepare for America's annual Thanksgiving Day feast, Americans have much to be thankful and grateful for. I for one am thankful that I live in a country where freedom and opportunity prevails. . .some of you where lucky enough to be born here. . I was lucky to have the foresight to come here and become an American nearly 30 years ago !
Receive my family's warm thoughts and wishes to hope this Thanksgiving will be especially bountiful.

I would also like to request for you to remember those people that are currently at harm's way defending and preserving our safety. We all should be tankful for their sacrifices and think of them when you are feasting the traditional dinner.

Please click here and send them a e-postcard and I can assure you they will be grateful for that simplest of action. . .(it only takes a minute!)

HAPPY THANKSGIVING!!