Barry Noble's Blog

Home Truths - if you have an adjustable Rate loan on the home you purchased in the past two to four years - but are still paying the teaser lower rate - it's about to change. Get into a fixed rate before it is too late.

Home Truths: If you bought a residential investment property in the past 6 months and have been fixing it up to resell in the next couple of months - think twice. It would be better to rent it out for 12 to 24 months - and wait for the next Market stabilization and rise.

Home Truths: If you believe that the British have an ideal health plan that helps everyone - think again. They have hospitals ripe with MRSA infections from filthy habits and unwashed hands, they ignore older people and have little or no services available to any over 65 unless they can pay high private fees.  Before you go into hospital here - ask about the hospital's MRSA history and plans to counter the spread of MRSA in US hospitals.

Home Truths: If you bought into a mid priced residential tract within the past 8 months, anticipate the later or final phases may either not be built or will be built out and sold at notably less than you paid for the same model. Don't pancic when your value is less than your mortgage owed. Hang in there, wait out the (normal) down cycle - and be prepared to sell it no earlier than 2 to 3 years from now - at the value you purchased it or slightly higher. It's called the normal Real Estate Market Cycle.  It has just been made more difficult and more severe by sub-prime lending debacles.  

Contact me for Real Estate Appraiser advice and Broker consulting. Common sense, truth and good advice.

Barry Noble

barry@PalmSpringsFinest.com