A Roaring 20's Gala to benefit Academy Prep Center of Tampa and you are invited!
In the heart of Ybor City, Academy Prep Center of Tampa changes young peoples lives by providing an education that is more than just a traditional school. Each student receives four year of tuition-free, college preparatory education in the 5th through 8th grades. Students attend up to 11 hours a day, 6 days a week, 11 months each year. The schools provides a demanding academic curriculum and a multitude of enrichment activities along with emotional support and social guidance. Students benefit from an additional eight years of graduate support that guides them continually through their high school and college years.
Keller Williams has committed to sponsor two students each year. Funds generated from the Roaring 20's Gala will contribute toward the significant tuition required to allow deserving students to attend Academy Prep. Tickets are on sale for the event scheduled April 19, 2007.
If you would like to attend or to offer a donation, please contact Amy Kennedy at 813-713-2053.
Christine
P.S. Life's great at the Delgado Home Team!
If your house has a lot of competition in the market you need to measure up. Think of it as show biz. If you need help getting your home ready to sell don't hesitate to call.
Christine and Walter
Before you think about professional staging your home do yourself a favor and start with the basics.
Have fun, make a game of it and remember the payoff will come a lot sooner if you start with the basics.
I thought this was a fantastic article on foreclosures published by Inmann news. This a perfect buying opportunity for all our "real" investors. About two in every 1,000 homeowners faced foreclosure in the first three months of this year, according to a report released Monday by Foreclosures.com, a company that offers foreclosure information and resources. A total of 253,803 preforeclosures and notices of pending foreclosure auctions were filed in the first quarter, a 22.5 percent increase compared with 207,128 filings in fourth-quarter 2006, the company reported. Statistics don't include "tens of thousands" of properties that were actually lost to foreclosure in the first quarter, according to the report. The quarterly data is based on Foreclosures.com coverage of 1,349 U.S. counties -- there are 3,141 total counties and county equivalents in the country. A slowing real estate market and the collapse of the subprime lending market have contributed to growth in foreclosure filings, and several other data providers have also noted this trend. RealtyTrac, another foreclosure information provider, reported that monthly foreclosure filings, including default notices, auction sale notices and bank repossessions, totaled 130,786 in February, which was down 4 percent compared to January but up 12 percent compared to February 2006. The Mortgage Bankers Association trade group reported in March that the seasonally adjusted delinquency rate for residential properties with one to four units was 4.95 percent in the fourth quarter, which was up 28 basis points from the third quarter and up 25 basis points compared to fourth-quarter 2005. Foreclosures.com reported that auction filings alone were up about 50 percent in the first quarter compared to fourth-quarter 2006 and rose about 117 percent compared with the 47,521 auction filings that the company reported in first-quarter 2006. Preforeclosure filings rose about 103 percent in the first quarter compared to first-quarter 2006, to 168,837. "The numbers cast a dark cloud over the American Dream of home ownership," said Alexis McGee, president of Foreclosures.com, in a statement. "Unfortunately for those overextended homeowners it's a cloud that isn't likely to lift any time soon either, especially in light of the recent troubles in the subprime lending market." Total March foreclosure filings in all three categories -- preforeclosures, auctions, REOs -- increased in March compared to February -- up 39 percent for preforeclosure properties, 52 percent for auction filings and 50 percent for REOs. California has led the nation in preforeclosure filings, with 49,016 so far this year -- up 139 percent since last year. Auction filings in California were up 277 percent so far this year compared to the same period in 2006. Texas had the most REO properties with 14,101 so far this year, up from 11,226 during the same period last year, according to the report. And on a per-capita basis, Ohio led the nation in REO filings with 2.5 per 1,000 households year-to-date, and Tennessee was second with 2.2 REOs per 1,000 households. Colorado led the nation in the rate of preforeclosure filings year-to-date, with 5.9 filings per 1,000 households. Florida was second with 5.8 foreclosures per 1,000 households.
I thought this was a fantastic article on foreclosures published by Inmann news. This a perfect buying opportunity for all our "real" investors.
About two in every 1,000 homeowners faced foreclosure in the first three months of this year, according to a report released Monday by Foreclosures.com, a company that offers foreclosure information and resources.
A total of 253,803 preforeclosures and notices of pending foreclosure auctions were filed in the first quarter, a 22.5 percent increase compared with 207,128 filings in fourth-quarter 2006, the company reported.
Statistics don't include "tens of thousands" of properties that were actually lost to foreclosure in the first quarter, according to the report. The quarterly data is based on Foreclosures.com coverage of 1,349 U.S. counties -- there are 3,141 total counties and county equivalents in the country.
A slowing real estate market and the collapse of the subprime lending market have contributed to growth in foreclosure filings, and several other data providers have also noted this trend.
RealtyTrac, another foreclosure information provider, reported that monthly foreclosure filings, including default notices, auction sale notices and bank repossessions, totaled 130,786 in February, which was down 4 percent compared to January but up 12 percent compared to February 2006.
The Mortgage Bankers Association trade group reported in March that the seasonally adjusted delinquency rate for residential properties with one to four units was 4.95 percent in the fourth quarter, which was up 28 basis points from the third quarter and up 25 basis points compared to fourth-quarter 2005.
Foreclosures.com reported that auction filings alone were up about 50 percent in the first quarter compared to fourth-quarter 2006 and rose about 117 percent compared with the 47,521 auction filings that the company reported in first-quarter 2006.
Preforeclosure filings rose about 103 percent in the first quarter compared to first-quarter 2006, to 168,837.
"The numbers cast a dark cloud over the American Dream of home ownership," said Alexis McGee, president of Foreclosures.com, in a statement. "Unfortunately for those overextended homeowners it's a cloud that isn't likely to lift any time soon either, especially in light of the recent troubles in the subprime lending market."
Total March foreclosure filings in all three categories -- preforeclosures, auctions, REOs -- increased in March compared to February -- up 39 percent for preforeclosure properties, 52 percent for auction filings and 50 percent for REOs.
California has led the nation in preforeclosure filings, with 49,016 so far this year -- up 139 percent since last year. Auction filings in California were up 277 percent so far this year compared to the same period in 2006.
Texas had the most REO properties with 14,101 so far this year, up from 11,226 during the same period last year, according to the report. And on a per-capita basis, Ohio led the nation in REO filings with 2.5 per 1,000 households year-to-date, and Tennessee was second with 2.2 REOs per 1,000 households.
Colorado led the nation in the rate of preforeclosure filings year-to-date, with 5.9 filings per 1,000 households. Florida was second with 5.8 foreclosures per 1,000 households.
I am shocked at how many people are out house shopping this week. We anticipated the the weekend would be slow because of Spring break and the Easter Holiday...but to our delight we were wrong. Buyers are out shopping and more importantly they're out buying. It is interesting that the offers are also coming in more reasonably. Five to ten thousand off the asking price is a great way to start negotiations. Lets hope that this trend continues until the bulk of our sales inventory is depleted.
Happy Hunting!
Featured Home of the Week!
By:Christine Delgado, Keller Williams Tampa Properties
Ever stumble on a home that is UNBELIEVABLE deal?? Look no further, this home is it.
Welcome home to this 3 bedroom, Carrollwood Home with a gorgeous in ground pool for just $197,880. Call Walter Delgado (813)920-7575 for info.
Buying a home is a adventure. It's exciting, time consuming, at times frustrating, but ultimately fulfilling -- that is, if you end up with the right home in the right neighborhood for the right price.
Home buying is best approached with a game plan in mind, and with the understanding that home buying is a process that takes time. It's hard to predict how much time it will take to buy a home because there are many variables that are beyond your control.
However, there are elements of the process that you can control. The most important is to assemble your home-buying team. At a minimum, you need a mortgage broker or a loan officer and the best real estate agent you can find. Working with good, professional and conscientious people will improve the quality of your home-buying process.
HERE'S A TIP: One way to find good real estate professionals is to seek recommendations from friends and colleagues who've bought a home recently in an area where you want to live. Another way to look for agents to dominate a market and check out their references. Some buyers interview more than one person for the job. This enables you to compare rates and fees. However, keep in mind that rapport, particularly with your real estate agent, is essential to a satisfying transaction.
When you find a real estate agent you can trust ask them for trustworthy Mortgage professionals who will give you good service, find out how much you can afford to pay for a home. Then get pre-approved for the mortgage you will need to close the deal. In order to be pre-approved, your credit needs to be checked and your financial qualifications verified.
One benefit of getting approved before you're in contract to buy a home is that you know you have a loan commitment when you need it. Also, if you're buying in an area or price range where multiple offers are still prevalent, you'll have a hard time competing unless you're pre-approved.
The next step to purchasing a home is the Buyers Consultation. You should have a list of the features you want and need in the home before you start your search. But, the list will be provisional until you research the inventory in the areas where you'd like to live. A great agent will provide you with a Buyers Workbook outlining the purchasing process. Even consumers who purchase many home find this process enlightning.
For example, you may find in your perfect neighborhood of neo-traditional homes, but most of the houses have one-car garages and you'd been hoping for a two-car garage. So, you either modify your wish list or change neighborhoods to one that has similar homes with larger garages.
There are always compromises to be made when buying a home. The perfect home doesn't exist -- not at any price. It takes some time to learn what the inventory in an area has to offer so that you can decide how you'll be willing to compromise.
The final step of the process is negotiating a home purchase with the seller of the home you want to buy. Agent negotiations can go quickly or they may be carried out over days or weeks, depending on the situation.
IN CLOSING: Be patient and keep your goal in mind. Your home is just a contract away!
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