For sale by owner FSBO real estate selling United States USA

Mortgaged to the Hilt / Adapting to a Changing Market

Ed Fitch of Fitch Properties notes "The financial markets do not function well with uncertainty and the FED responded to the foaming uncertainty and freefalling equity markets with a 1/2 point cut in the discount rate. The FED has gifted the market with a few days of stability to really assess how bad the situation is, or very possibly could have been." Fitch offers six tips for success.

Sacramento, California (PR-WEB) August 20, 2007

The last series of real estate release(s) dated May 25, 2006 - July 10, 2006 published through PR-WEB and found on http://www.realtydollars2u.comand http://www.listanyhome.comdiscussed the inevitability of a future mortgage market crisis ... that prediction has come true in recent weeks. Ed Fitch of Fitch Properties notes that "The financial markets do not function well with uncertainty and the FED responded to the foaming uncertainty and free-falling equity markets with a 1/2 point cut in the discount rate." The FED has gifted the market with a few days of stability to really assess how bad the situation is, or very possibly could have been. Continue to hear the terms capitulation, over-bought and over-sold, there will be mergers in the financial sector and interest rates are going to be intertwined with this market ... certain hedge funds will be scrutinized and we will all wonder how the mortgage industry got this close to the edge for some time to come.

If you are on the right track you will get a lot of resistance from others to your real estate investment strategy ... stay strong and stay the course!
The healthier approach now is, how can one take advantage of this real estate market as a result of this mortgage market idiocy, and to an extent, the financial crisis of 2007?

Ed Fitch Offers
Six Real Estate Tips:

1) If turnover plays a big part of your livelihood, or you have a pressing need to sell real property, you still have a 30-60 day window without significant price reduction to the current market ... this statement assumes the target property is priced correctly for its location. If you do not need to sell, and your property is in a superior location wait out this correction.

2) Most lending institutions stuck with significant home inventory will continue to be flexible as they see dumping as their only alternative to holding, and some simply cannot raise the capital reserves necessary to hold. So do your homework and figure out which lenders continue to be flexible in the real estate market right now and try to take advantage of that. Countrywide for example is one of the few behemoths that have chosen to be firm with their own home inventory with respect to contract negotiations and initial pricing.

3) Begin the process of real estate acquisition ... Northern California is a good place to start, Modesto, Sacramento and Stockton for example. Perform your property search or comparative market analysis using real time market data. Do not jump into this market, dip toes only. Holding power will be necessary and likely a 10% - 20% down payment. If you buy property at the market (which is totally unnecessary in my opinion) expect to carry a negative based on the current tone of the home rental market. Moreover, expect to wait two or even three years for a market correction ... place a two year negative into your calculations, three years if you anticipate no rental adjustment.

4) Your acquisition mantra should be location, location, location, keeping price in mind as you have time to be picky. Remember FLM "Funny Lender Money" will be harder to come by this time around. Look for refinance opportunities, but expect money to be a little tighter for even the most credit worthy individuals.

5) Expect the FED to cut the discount rate again before the end of the year; however home mortgage rates will continue to be under a certain degree of pressure until the real estate market sorts itself out.

6) Look for ways to save on your next house property purchase and sale ... utilize realtor services that offer commission discounts, flat fee services, significant Buyer incentives, significant on-line marketing reach and excellent property search tools.

Fitch suggests to remember the old adage 'buy low and sell high' and put it to good use. "If you are on the right track you will get a lot of resistance from others to your real estate investment strategy ... stay strong and stay the course!"

Edward S. Fitch is a published author and financial expert and has written articles for Northern California Real Estate Publications. Fitch is the owner/broker of Fitch Properties found online @ http://www.realtydollars2u.comproviding Flat Fee Real Estate Multiple Listing (MLS) and online marketing services to property buyers and sellers throughout the state of California. Fitch is also owner of http://www.listanyhome.comproviding real estate marketing services to home sellers inside the borders of the United States.

Property Owners Express Delight with New For Sale by Owner Platform

Innovative for sale by owner platform puts property owners in the drivers seat with global website exposure. Listanyhome.com provides unique equity saving options and advice to property owners who do not wish to pay the industry typical six percent listing fee.

Sacramento, CA (PRWeb) March 1, 2007 -- ListAnyHome.com proudly introduces a new and innovative platform for property sellers to advertise their real estate holdings in the United States. For sale by owner, FSBO, rental, commercial and timeshare properties can be advertised through the national site.

Three equity saving advertising packages boast global internet exposure and start at $19.99. Homeowners can publish as many as sixteen pictures and create a description of unlimited length. Moreover, a special html function button empowers advertisers to quickly publish a tasteful professional quality marketing piece to Ebay or Craigslist. Sellers can place their property in front of hundreds of thousands of active buyers by choosing an advertising package that has Realtor.com, BargainNetwork, Homegain, Yahoo Real Estate, Google, Propsmart, Oodle, and Trulia property placement options.

ListAnyHome.com is strategically placed and fully marketed on our sister site realtydollars2u.com. Our sister site is a highly successful California MLS Multiple Listing flat fee website ... it boasts high traffic and global exposure, and has continuous control of thousands of real estate specific keywords and phrases in all the major internet search engines. Thousands of visitors from around the world are attracted to our sister site through buyer friendly real estate specific keywords.

Wisdom shows us that home owners are getting squeezed by unconventional loans and are now finding that they cannot refinance in a falling market. Ed Fitch of ListAnyHome.com notes that "Sellers were sold a bag of goods by some mortgage lenders looking to make a fast buck and many sellers are now in trouble, and my fear is the situation will only get worse." Negative amortization type loans, adjustable loans, interest only loans, 100% financing, 125% financing, and now 50 year mortgages. It appears no thought at all went into the reality that the real estate market can correct! And correct it has ... with shrinking equity, real estate owners in most states are finding it difficult to replenish their pocketbooks and/or payoff debts through the use of equity lines that were the norm just a few months ago. Investors have turned away from stability and now "Flight to quality contiues to be a flight to US equities and to a lessor extent the financial markets, but not the real estate market." The fed is admirably controlling inflation and commodities prices by stabilizing interest rates right now ... but rates appear to be on the rise. The continued fear is that an ever growing number of property owners will simply have no choice but to walk away from their mortgage obligations, and eventually (soon) the ripple effect of this will be equivalent to the savings and loans scandal of the 90's!

For those property owners that need to sell now you might wish to consider the following: "We are seeing hundreds of price reductions daily, but that doesn't tell the true story". Home sellers continue to price themselves right out of the market to begin with, only having to drop their listing price three weeks into their listing. Fitch points out this one fatal seller error and he sees it all the time ... "Pricing your home too high at the onset will lead to a stagnant listing. Sellers feel if they price their home on the high side then they can accept a lower offer that will be palatable for them, and it does not work like that. Sellers will be continuously dropping their price far below where they would have sold in the first place had they priced correctly at the onset". "The bottom line is that if a home sits on the market forever it has a stigma attached to it ... regardless of how nice it is ... pricing correctly at the onset of the listing is the key." If you are upside down on you property right now, you should try to negotiate with your lending institution rather than letting your property go into foreclosure and possibly suffer severe tax consequenses depending on how you manage the foreclosure. If foreclsoure is your only option check the laws in your state specific to foreclosure and try to save your credit. Market your property effectively ... ListAnyHome.com offers realtor.com access and equity saving options to home Sellers and significant world-wide exposure.

Ed Fitch is a published author and financial expert and has written articles for Real Estate Publications. Fitch is the owner of ListAnyHome.com found online @ http://www.listanyhome.com