BAP site syndication http://www.montrosepropertyguide.com Wed, 10 Mar 2010 21:42:46 +0100 FeedCreator 1.7.2 http://www.montrosepropertyguide.com/images/M_images/ http://www.montrosepropertyguide.com BAP site syndication http://www.montrosepropertyguide.com/montrose-housing-statistics-2007-2008-4.html Montrose Housing Statistics Statistics for Montrose City and surrounding county (Not including Olathe and the West End) *Provided by Montrose Association of Realtors* This information is deemed reliable but not guaranteed This information will help understand the Montrose Colorado Real Estate Market Main Content - Market Statistics Tue, 12 May 2009 22:17:21 +0100 http://www.montrosepropertyguide.com/montrose-housing-statistics-2007-2008-4.html http://www.montrosepropertyguide.com/real-estate-investing-in-montrose-colorado-real-estate.html Real Estate Investing in Montrose, Colorado Appraisals and inspections, marketing, renters, rehabs... it can all add up to a huge headache. But real estate investing is still exciting and lucrative. What to do? Consider investing in real estate-based financial instruments instead. REITs (Real Estate Investment Trust) One of the oldest modern forms is a REIT — Real Estate Investment Trust. REITs are mutual funds that invest in real estate, actual property as well as mortgage portfolios. Like other securities opportunities, they sell on the major exchanges and are professionally managed, receive special tax considerations, and often have higher yields and greater liquidity than straight property investment. There are Equity REITS which invest in and own properties. Revenues come primarily from rents. Mortgage REITs deal in investment and ownership of mortgages rather than property with revenue coming mainly from interest on the loans. Hybrid REITs do both. Keep in mind, however, that REITs are closed-end — mutual funds that have a specific number of shares for sale and once sold can't be redeemed through the fund. They have to be bought and sold to other investors as you would corporate stock, through a broker. REITs are required to pay out at least 90% of their taxable profits as dividends to shareholders, so they can be relatively high yield. In terms of total return — dividends plus price appreciation — they're similar to small-cap stocks, with on average two-thirds of the return coming from dividends. They're therefore sensitive to interest rate changes. As interest rates increase REIT prices tend to decline. MBS (Mortgage-Backed Securities) MBS are a type of bond in which the paper is backed by a pool of mortgage loans. In the U.S. lenders make about $2.8 trillion in such loans annually with about 80% being covered by mortgage-backed securities. Investors in mortgage securities earn a coupon rate of interest, like other kinds of bonds. But in contrast to other bonds, they receive repayments of the principle in increments over the life of the security, as the underlying mortgage loans are paid off, rather than on one large payment at maturity. One of the advantages, one which lends the security some stability, is the statistical effect of pooling loans. No single or small number of loans that pre-pay or default wipes out the investor's entire investment. But pre-payment of mortgages does occur for a certain percentage and that introduces some risk. The investor isn't aware of or interested in which loans pre-pay, but the fact that some do causes them to be sensitive to interest rate changes, one of the major influences in pre-pay rate. If borrowers took mortgages at 8% and rates drop to 5% a certain number are going to re-finance, causing the original to pay off early. So, if interest rates are likely to fall, it's best to avoid pre-payable MBS. Closed MBS are, in that scenario, a better alternative. There are specialized instruments like CMOs — collateralized mortgage obligations — and REMICs — Real Estate Mortgage Investment Conduits with similar behavior and risks. ETFs — Fixed Income Exchange-Traded Funds, too, sometimes are supported by underlying mortgage-backed securities and trade on the major stock exchanges. They're designed to track the performance of specific bond indexes, which track performance of an underlying bond market, such as MBS. SELF-DIRECTED IRAs You can even set up an individual IRA (Individual Retirement Account) that allows you to add assets in the form of raw land, single-family homes, apartments and other commercial buildings, rather than straight cash inputs. This allows you to take advantage of your knowledge of real estate, while avoiding some of the downside of actual property management. Whichever instrument you choose, and there are many others, be sure to do your homework and get the advice of a financial professional before investing large amounts. The sharks can always smell fresh blood in the water. There is a lot of free information available to you about buying, selling or investing in Montrose, Colorado real estate. For complete information about the Montrose, Colorado real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Montrose, Colorado real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 970-209-4446 or email me at Steve@MontrosePropertyGuide.com (mailto:Steve@MontrosePropertyGuide.com). For more information about Montrose Colorado Real Estate (http://www.montrosepropertyguide.com) please visit –www.montrosepropertyguide.com Main Content - Investor Reports Tue, 12 May 2009 13:27:36 +0100 http://www.montrosepropertyguide.com/real-estate-investing-in-montrose-colorado-real-estate.html http://www.montrosepropertyguide.com/what-really-matters-in-a-home-inspection.html What Really Matters In A Home Inspection? Okay so you have found the “right” home and successfully negotiated a contract with the seller. The loan application has been completed, the appraisal ordered, you have received and reviewed the “Sellers Disclosure Report” and your Real Estate Agent is taking care of all the details necessary to close. The next thing you need to do is order a HOME INSPECTION. You should do your homework and get recommendations from your Real Estate Agent and based on those recommendations and the references the Home Inspectors provide, choose an inspector and order the inspection. After the inspection you will receive a written inspection report. You might find the entire process a little stressful. A home inspection is supposed to give you peace of mind, but often has the opposite effect. You will be asked to absorb a lot of information in a short time. This often includes a written report, checklist, photographs, environmental reports and the inspector comments during the inspection. (Yes, you can and should, if possible, be there and ask questions.) All this combined with the seller's disclosure and what you notice yourself makes the experience even more overwhelming. What should you do? Relax. Most of your inspection will cover maintenance recommendations, life expectancies and minor imperfections. These are nice to know about; however, the issues that really matter will fall into four categories: Major defects. An example of this would be a structural failure. Things that lead to major defects. A small roof flashing leak, for example. Things that may hinder your ability to finance, legally occupy, or insure the home. Safety hazards, such as an exposed, live buss bar at the electric panel. Anything in these categories should be addressed. Often a serious problem can be corrected inexpensively to protect both life and property (especially in categories 2 and 4). Most sellers are honest and are often surprised to learn of defects uncovered during an inspection. Realize that sellers are under no obligation to repair everything mentioned in the report. No home is perfect. Keep things in perspective. Do not kill your deal over things that do not matter. It is inappropriate to demand that a seller address deferred maintenance, conditions already listed on the seller's disclosure or nit-picky items. Don’t forget! Your Real Estate Agent is your most important resource. Consult with him during this process as he has done this many times before and can provide a perspective based on experience. Need information about Montrose Colorado Real Estate (http://www.montrosepropertyguide.com) –visit www.MontrosePropertyGuide.com Questions: Please email me at steve@MontrosePropertyGuide.com or call me Steve Conklin at 970-209-4446 Blog - Buyer Info Tue, 21 Apr 2009 19:12:59 +0100 http://www.montrosepropertyguide.com/what-really-matters-in-a-home-inspection.html http://www.montrosepropertyguide.com/short-sales-10.html So You're Looking for Montrose, Colorado Short Sales You will likely come across dozens of Montrose, Colorado properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.” Blog - Investor Info Wed, 30 Jul 2008 15:45:15 +0100 http://www.montrosepropertyguide.com/short-sales-10.html http://www.montrosepropertyguide.com/pre-screened-deals-8.html Get Access to the Absolute Best Buys in Montrose, Colorado When you are buying a home, having current and accurate knowledge of homes are listed for is important. Our best buy service enables you to get priority access to the hottest new listings so you can beat out other buyers and negotiate to get the most home for the least amount of money. Here is how it works. Every week we research all new Listings from every real estate company, all For Sale By Owners, Foreclosures, Builder closeouts and Bank Owned Properties and find the 3 absolute best buys for the dollar in the areas mentioned above in 3 different price ranges. We thouroughly review each and every one of these homes and print out a hotlist which we provide as a public service, free of charge, and without obligation. If you are considering buying a home within the next 90 days in one of these areas your should definitely register to receive your free list of the www.MontrosePropertyGuide.com Best Buys in your specific price range and desired location. The Best Buys hotlist service will help you identify the three-best-buys on the market right now that match YOUR requirements. Remember, this is a FREE service that will save you time and the hassle of running around looking for properties like these. Simply fill out the form below and click on the Submit button. Blog - Investor Info Wed, 30 Jul 2008 12:40:10 +0100 http://www.montrosepropertyguide.com/pre-screened-deals-8.html