Renovation Asset Services Launches “Ready4Remodel.com” Website; Purchase “Fixer Homes With Fixer Loans”

5 01 2013

R4R Wood logoRenovation Asset Services, a Tustin, CA company just launched Ready4Remodel.com where home buyers go to buy Fixer Homes with Fixer Loans.  These are older or distressed properties that are prepared to be sold to owner-occupant buyers at a discounted price that comes with a government renovation loan.  This is the first national program of it’s kind designed to revitalize communities and create responsible, sustainable homeownership opportunities for home buyers.  There are millions of distressed properties across the country that need updating and this allows new or existing home owners to customize the home the way they want without it costing them money out of their pocket to do the improvements.  This program is available for purchase or refinance.

What is a Fixer Home with a Fixer Loan video

Ready4Remodel takes the fear out of buying an older or distressed home.  These homes are pre-inspected, so potential home buyers know what repairs are needed before they make an offer and they know what their monthly payment will be if they include the remodeling cost into their 30 year mortgage.  These homes are “Virtually Staged” to help home buyers visualize what the home could look like fixed up like these properties in Los Angeles, California or Oroville, CA.

All work is completed after the transaction closes by the contractor of the buyers choice and all repair costs are financed on top of the purchase price and amortized over 30 years.

Ready4Remodel has teams of R4R Certified Real Estate Agents, Loan Officers and Contractors in over 30 states and is expecting to have teams in all 50 states by the end of the second quarter 2013.  Agents, Lenders are Contractors who are interested in revitalizing their communities are welcome to join the Ready4Remodel family.

Hedge Funds, Asset Management Companies and Outsourcing Firms looking to attract owner-occupant buyers on distressed properties and market to larger buyer pools, are encouraged to use this platform to sell their homes.

For more information visit http://www.Ready4Remodel.com or call 800-385-3503.

http://markets.cbsnews.com/cbsnews/news/read/23131064/





“Ready4Remodel.com” Launches New Interactive Website To “Buy Fixer Homes With Fixer Loans”

3 12 2012
A Ready4Remodel home is a pre-inspected fixer upper waiting for your custom touch. Better yet, you can purchase it with a renovation loan that combines the cost of the home and renovation/remodeling expenses into one convenient first mortgage loan. Take advantage of our expertise to help you find and renovate the home of your dreams within a budget that makes sense.

A Ready4Remodel home is a pre-inspected fixer upper waiting for your custom touch. Better yet, you can purchase it with a renovation loan that combines the cost of the home and renovation/remodeling expenses into one convenient first mortgage loan. Take advantage of our expertise to help you find and renovate the home of your dreams within a budget that makes sense.





FHA 203k Renovation Loans: What Types Of Home Improvements Can Be Made?

29 08 2012

CALL 800-385-3503 FOR INFORMATION





FHA 203k Renovation Loans – What Types Of Properties Can Be Financed?

24 08 2012





FHA 203k Renovation Mortgages Allow Homebuyers To Purchase Or Refinance And Rehabilitate The Property With One Loan

20 08 2012





California Housing Market: Percentage Of Homeowners Who Can Afford To Purchase A Home Falls To 51% In Second Quarter Of 2012; Rising Home Prices Cited

17 08 2012

Higher home prices reduce California housing affordability in second quarter 2012. Higher home prices offset record-low interest rates and lowered housing affordability in California in the second quarter of 2012.

  • The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California fell to 51 percent in the second quarter of 2012, down from 56 percent in first-quarter 2012, but matched the 51 percent recorded in second quarter 2011, according to C.A.R.’s Traditional Housing Affordability Index (HAI).
  • C.A.R.’s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The Index is considered the most fundamental measure of housing well-being for home buyers in the state.
  • Home buyers needed to earn a minimum annual income of $62,390 to qualify for the purchase of a $316,230 statewide median-priced, existing single-family home in the second quarter of 2012. The monthly payment, including taxes and insurance on a 30-year fixed-rate loan, would be $1,560, assuming a 20 percent down payment and an effective composite interest rate of 3.92 percent. The effective composite interest rate in first-quarter 2012 was 4.16 percent and 4.85 percent in the second quarter of 2011.
  • The San Francisco Bay Area experienced the largest quarterly declines in housing affordability, resulting from double-digit price increases with little movement in theinterest rate. However, when compared with the previous year, changes to the affordability index were minimal, thanks to a near-one percent drop in the effective composite interest rate.
  • At an index of 78 percent, San Bernardino County was the most affordable county of the state. At the other end, San Mateo County edged out San Francisco County (24 percent) to be the least affordable, with only 23 percent of households able to purchase the county’s median-priced home.

For more:  http://www.car.org/media/pdf/consumer/Beyond_the_Headlines__81612.pdf





U.S. Home Sales Fell 0.8% In June To Annual Rate Of 4.77 Million Homes As First-Time Homebuyers Fall To 31% Of Total And Purchase Cancellations Rise To Record 16% As Appraisals Come In Low

20 07 2011
  • Home sales fell 0.8% in June to a seasonally adjusted annual rate of 4.77 million homes
  • Economists say that 6 million homes per year represent a healthy housing market
  • The sales pace is behind last year’s 4.91 million homes sold — the weakest sales in 13 years
  • Sales have fallen in four of the past five years
  • A record number of homebuyers who signed contracts canceled deals last month, approximately 16%
  • First-time buyers fell to a very low 31% of purchase transactions (they represent 50% in a health market)
  • Declining home prices have kept many people from selling their houses and taking new jobs in growing areas
  •  They have also made people feel less wealthy and that has reduced the consumer spending that drives about 70 percent of economic activity
  • Bigger down payments, tougher lending rules, high debt and a shortage of desirable starter homes are keeping many would-be buyers away
  • Even some with good credit and enough money for a down payment are holding off because they are worried home prices will keep falling

For more:  http://finance.yahoo.com/news/Home-sales-fell-in-June-fewer-apf-154260181.html?x=0&sec=topStories&pos=1&asset=&ccode=