CUSTOMIZED INVESTOR LISTS
AND/OR EMAIL UPDATES
ARE AVAILABLE UPON REQUEST AND WITHOUT COST OR OBLIGATION
HUD HOMES
HOME
FOR BUYERS
LENDER INFO
SEARCH MLS
FOR SELLERS
ALL ABOUT CHUCK
WORKING HOURS
LINKS
Join Email List
For Email Marketing you can trust
GETTING ON THE WEB MIGHT BE MUCH LESS EXPENSIVE THAN YOU THINK!
$6.99 Domain Name Specials at 1&1
1&1 Shared Hosting - 50% Off Special Offer!
FOR MEETING MY CONSTANT COMMUNICATION NEEDS I CHOSE |
| "GET REAL" WITH A GREAT WIRELESS DEAL! CALL TIFFANY 614-467-1085 |
Chuck Patterson
"The Buyer's Agent"
Saxton Real Estate
5311 W. Broad Street
Columbus, Ohio 43228
614-878-6431 (Office)
614-302-0874 (Cell)
email: realestate@chuckpatterson.com
THE MARKET IS PAINFULLY
SLOW FOR SELLERS!
The only cure for what ails us right now is time.
We need time to get the low-priced, bank-owned, and or otherwise foreclosed homes off the market.
Too many times I am asked about listing a house
only to find that it was purchased in 1995 for $125,000 and then there was an equity
line taken out on it (to pay for those granite counters)
in 1998 for $20,000.
There was a re-finance loan in 2002 for $155,000
to pay off the equity line and the first mortgage and
now the house across the street with everything
but the granite counters is vacant, bank-owned
and on the market for $98,900.
I hate to walk away from business, but in this case
I would have no choice.
The problem is that this case is far less
fictional than you might think!
Americans rode a wave for a few years.
Property values went up, up, up
until confidence in the ability of borrowers to
repay all those re-financed, overly leveraged
loans came into question.
Suddenly the value went down but the debt secured by the property stayed where it was.
That's where we are at this point.
Selling a home for what is owed on it is more
challenging than it has been in a long time.
Patience and the willingness to
negotiate while understanding that the big profit
you had dreamed about is not possible
in most cases are essential elements to the process
614-302-0874 (Cell)
email: realestate@chuckpatterson.com
THE MARKET IS PAINFULLY
SLOW FOR SELLERS!
The only cure for what ails us right now is time.
We need time to get the low-priced, bank-owned, and or otherwise foreclosed homes off the market.
Too many times I am asked about listing a house
only to find that it was purchased in 1995 for $125,000 and then there was an equity
line taken out on it (to pay for those granite counters)
in 1998 for $20,000.
There was a re-finance loan in 2002 for $155,000
to pay off the equity line and the first mortgage and
now the house across the street with everything
but the granite counters is vacant, bank-owned
and on the market for $98,900.
I hate to walk away from business, but in this case
I would have no choice.
The problem is that this case is far less
fictional than you might think!
Americans rode a wave for a few years.
Property values went up, up, up
until confidence in the ability of borrowers to
repay all those re-financed, overly leveraged
loans came into question.
Suddenly the value went down but the debt secured by the property stayed where it was.
That's where we are at this point.
Selling a home for what is owed on it is more
challenging than it has been in a long time.
Patience and the willingness to
negotiate while understanding that the big profit
you had dreamed about is not possible
in most cases are essential elements to the process
CLICK ON MY FAVORITE PLACES
HIGHLAND WEST
HILLTOP USA
WESTGATE
=========================
CENTRAL OHIO REAL ESTATE NEWS
THE $8000 TAX CREDIT EXTENDED
President
Obama signed a measure that includes an extension of the $8000 first homebuyer
tax credit that was set to expire at the end of November. In addition, the bill
creates a $6500 tax credit for homeowners who purchase a new residence.
GET DETAILS FROM CBR
=========================
IF YOU DON'T BUY A HOUSE NOW, YOU'RE STUPID OR BOKE
A Business Week article by Marc Roth=========================
OHFA offering Mortgage Credit Certificate program for first-time homebuyers
Homebuyers who qualify for the program receive a Mortgage Credit Certificate from OHFA, which can be used to reduce their household's tax burden every year for the life of their mortgage loan. With an MCC, a percentage of what you pay in mortgage interest (20, 25, or 30%) becomes a tax credit that you can deduct dollar-for-dollar from your income tax liability.
GET DETAILS
(March 23, 2009)
Several
factors which influence sales, including falling mortgage rates and
increased consumer activity point to a positive future, the Columbus
Board of REALTORS® said today.
Columbus Board of REALTORS®
AFFORDABLE "GREEN" HOMES
NOW IN COLUMBUS, OHIO
COLUMBUS IS #6
"BEST BANG FOR THE BUCK"
CITY ACCORDING TO FORBES
FORECLOSURE PREVENTION
COUNSELING PROVIDED BY COLUMBUS HOUSING PARTNERSHIP IS NOW AVAILABLE.
| COPYRIGHT 2008 © CHUCK PATTERSON dba CPWEB |