Tips to Sell Your Home in The Fall of 2014

Tips to Make Your Home Stand Out in the Fall

Tips to Sell Your Home in The Fall of 2014

Tips to Sell Your Home in The Fall of 2014

Fall is a great time of year to sell your home. While springtime may be the most popular season to put a house up on the market, there is no reason to wait if you want to sell when autumn rolls around. People are ready to buy homes any time of year – especially if you know how to prepare the property to sell. There will likely be fewer homes on the market during this time of year, meaning a well-positioned home can sell fast if you draw in the right buyer. Most people have an aversion to moving when the weather is stormy and cold, so the fall is your last chance to accommodate buyers before the winter season rolls in. For many people the fall season is one of their favorite times of the year due to the crisp air and the colorful changes of the leaves on the trees. For these reasons, autumn is a time of year not to disregard when deciding whether to sell. Keep reading to see how you can sell your home in the fall with these great tips!

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Jumbo Mortgages -Banks Sweeten Terms to Woo Borrowers

Instead of selling Jumbo Mortgages on the secondary market, large lenders are keeping them on their books and reaping the profits. That may lead to better terms for borrowers


Jumbo Mortgages -Banks Sweeten Terms to Woo Borrowers

Jumbo Mortgages -Banks Sweeten Terms to Woo Borrowers

The secondary market for jumbo mortgages—in which banks bundle and sell their mortgages as consolidated debt to investors—is doing worse than a year ago. But that may be good for borrowers, at least for now.

Only 2.3% of all jumbo mortgages originated in the first half of 2014 have been securitized, according to Inside Mortgage Finance, an industry newsletter. That’s a drop in the bucket compared with the peak of 49.3% in 2005.

Now, instead of selling mortgages on the secondary market, large lenders are keeping them on their books and reaping the profits themselves. What’s more, lenders that don’t want to hold on to their mortgages are finding national and regional banks are eager to buy them, says Mathew Carson, a broker with First Capital Group in San Francisco.

In essence, one secondary market was replaced by another, says Guy Cecala, CEO and publisher of Inside Mortgage Finance. “The case could be made that borrowers are better off without a mortgage-backed securities program than they were before,” he says.

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Underwater Luxury Homes Rise Above the Tide

The 10 markets with the highest rate of underwater luxury homes have seen those rates fall

Underwater Luxury Homes Rise Above the Tide

Underwater Luxury Homes Rise Above the Tide

The tide is receding for luxury homeowners underwater on their mortgages.

In this year’s second quarter, 2.8% of mortgaged homes valued at $1 million or more were underwater, meaning the outstanding mortgage debt exceeds the current value of the property. That is down from 4.2% in the same period last year. Overall, 17% of homes at all price points are underwater, according to real-estate data site Zillow.Z -0.57%

Baltimore had the highest rate of underwater luxury homes at 5.8%, followed by Phoenix; Riverside, Calif.; Chicago; Atlanta; Orlando, Fla.; Tampa, Fla.; Detroit; St. Louis and Philadelphia.

Across these 10 markets, home values are down an average 24.6% from their respective peaks, said Stan Humphries, chief economist for Zillow. “What’s driving the large share of million-dollar homes with negative equity is how far home values have fallen,” he added.

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Churches do they help or hurt home values?

Churches; One study says that houses within a certain distance of place of worship sell for 4.8 percent more than others.



Call it the halo effect for real estate.

A study of the housing market in Hamburg, Germany, found that condos located between 100 to 200 meters, or 109 to 219 yards, away from a place of worship listed for an average 4.8 percent more than other homes. The effect was similar across all religious buildings studied, including churches, mosques and temples.

“It’s something we find for other amenities, as well,” said Wolfgang Maennig, a professor at the University of Hamburg Department of Economics and Social Sciences and co-author of the report. He likens the price bump to perks such as proximity to public.

But live too close to the religious building — within 100 meters — and the premium is erased, they found. Sounds associated with houses of worship are only part of the problem. The effect of bell ringing, for example, wasn’t statistically significant, he said.

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Housing recovery appears to be back on track

Housing recovery appears to be back on track


Housing recovery appears to be back on track

Housing recovery appears to be back on track

A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.

Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales. But Americans are stepping up purchases as more homes have been put up for sale. And low mortgage rates and moderating price gains have made homes more affordable.

“The momentum is in the right direction,” said Andrew Labelle, an economist at TD Bank who noted that the past four months have marked the fastest four-month sales gain since 2011. “Sustained jobs gains, as well as the fall in mortgage rates since the beginning of the year, appear to have unleashed at least some pent-up demand.”

Sales of existing homes rose 2.4 percent in July to a seasonally adjusted annual rate of 5.15 million, the National Association of Realtors said Thursday. That was the highest annual rate since September of last year.

The increase follows other encouraging signs that the housing market is improving. The pace of home construction starts surged 15.7 percent in July to a seasonally adjusted annual rate of 1.1 million homes, the government said this week. Applications for building permits, a gauge of future activity, also strengthened last month.

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Loans for Military Members and Veterans to purchase homes

Active military and veterans can get jumbo home loans guaranteed by the VA. Interest rates are competitive, down payment requirements are much lower, and private mortgage insurance is waived.

Home LoLoans for Military Members and Veterans to purchase homesans for Military Members and Veterans

In his 30-year career with the Air Force, Chief Master Sgt. Jim Roy and his wife, Paula, lived in 12 different homes. When Mr. Roy retired last year, the couple settled down in a home of their own—with a little help from the VA.

Charmed by the friendly people and mild winters, the Roys decided on the Charleston, S.C., area. They found a four-bedroom, 3½-bath house for themselves and their 14-year-old twin boys, Caleb and Colby. “My wife and I saved for 31 years, and this is the house we wanted to be in,” Mr. Roy, 50 years old, says.

The house, built in 2008, had a purchase price of $575,000, which normally would require a jumbo mortgage and a 20% down payment because it exceeded the area’s $417,000 limit for conventional loans. (That limit can reach $625,500 in some high-price areas.) However, as a veteran, Mr. Roy qualified for a mortgage guaranteed by the Department of Veterans Affairs.

VA home loans are available through banks and other private lenders. As with other mortgages, interest rates of VA-guaranteed loans can be either fixed or adjustable, depending on the lender. Down payments are low, if required at all. Private mortgage insurance requirements are waived as well. The loans can be used only on primary residences and not on secondary or vacation homes.

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