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Could there be another Homebuyer Tax Credit on the way?

Posted : September 2, 2010 7:55 PM | Posted By: Bill Barnett
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Houston event has been moved to October 22 & 23!!! The FREE 2 Day Houston Event will take place on Friday, October 22^nd through Saturday the 23^rd. We will cover “The 5 Master Keys to Success,” in today’s real estate market. For more information and to sign up just go to http://www.BillBarnettNOW.com

Also don’t forget to add us on Facebook at:

http://www.facebook.com/home.php?#!/pages/Bill-Barnett-NOW/142816069086615?ref=ts

This is the newest way you can get connected to Bill Barnett NOW! To become a fan visit the Facebook and click “like”. This is all you have to do to get some great real estate information over your favorite social media site!

Could there be another Homebuyer Tax Credit on the way? While Washington wouldn’t commit just yet to another tax credit, HUB Secretary Shaun Donovan would not rule out the possibility. This means great things for buyers in the market! The last tax credit was very popular with homebuyers and, according to the chief economist for the National Association of Realtors Lawrence Yun, kept home values stable for the past 18 months.

These are all reasons why you need to be listening to Bill Barnett NOW- The New Order of Wealth each and every week Sunday morning 8-9 a.m. on WBAP. http://www.WBAP.com and select “Listen Live.” And also on Saturday 6-7pm and Sunday 7-8am on Radio Mojo KPRC 950AM http://www.950KPRC.com and click on “Listen Live”. We will keep you in the loop on what’s happening with this new tax credit and so much more so you always make the best decisions when buying, selling, or investing in the real estate market!

Some of the other great stuff we’ve got for you this week includes info about underwater homes holding steady but likely to increase, and a tax loophole those underwater owners might be able to take advantage of. I’ll also have some info about refis booming on low mortgage rates. I’ll be telling you about July existing-home sales falling as expected. I’ll let you know why delinquencies being down and foreclosures being up doesn’t always mean bad things since those numbers aren’t always reflective of what’s going on right now in the market. And I’ll be telling you about how the real estate inventory overflow could threaten housing recovery.

All this great information and more can be heard this week on Bill Barnett NOW! - The New Order of Wealth Sunday morning 8-9 a.m. on WBAP. http://www.WBAP.com and select “Listen Live.” And also on Saturday 6-7pm and Sunday 7-8am on Radio Mojo KPRC 950AM http://www.950KPRC.com and click on “Listen Live”.

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Real estate auctions becoming more mainstream!

Posted : August 26, 2010 8:22 PM | Posted By: Bill Barnett
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This weekend on the radio with Bill Barnett NOW!

WOW…we are just two weeks away from our FREE Houston event!!! The FREE 2 Day Houston Event will take place on Friday, September 10 through Saturday the 11^th. We will cover “The 5 Master Keys to Success,” in today’s real estate market. For more information and to sign up just go to http://www.BillBarnettNOW.com

Also don’t forget to add us on Facebook at:

http://www.facebook.com/home.php?#!/pages/Bill-Barnett-NOW/142816069086615?ref=ts

Real estate auctions could be your ticket to a great deal! When most people consider real estate auctions they think the only houses up for sale are foreclosures, however this is not the case in today’s market. These types of auctions are actually becoming more mainstream and homeowners are using them as a quick and clean way to sell their property. This translates into a quick and easy buy for you!

This week on the show I’ll be walking you through the 5 tips you’ve got to know when buying at real estate auctions. I’ll also be helping those who want to sell their homes at an auction with the 5 facts about selling via auction! To join us for these tips and the rest of the show go to http://www.WBAP.com and select “Listen Live” or http://www.KPRC.com and click on the “Listen Live” button.

Each week here on Bill Barnett NOW- The New Order of Wealth we bring you information that helps keep you ahead of the game in the real estate market. This week is no exception and to start us off I’m going to tell you my opinion about how plunging home sales may not be as bad as they sound. I’ll also tell you about why seller financing could be a great opportunity to take advantage of. I’ll have some great information about the Texas Safe Act. And I’ve got the list of the 5 most (and least) affordable housing markets in the U.S. and while some are expected there are also some shockers on this list!

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You can still take advantage of homebuyer-assistance programs!

Posted : August 20, 2010 11:36 AM | Posted By: Bill Barnett
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This week we’re announcing our new Facebook fan page! This is the newest way you can get connected to Bill Barnett NOW! To become a fan visit Facebook and search “Bill Barnett NOW” once you’re on our page click “like”. This is all you have to do to get some great real estate information over your favorite social media site!

Also check out our FREE 2 Day Houston Event on Friday, September 10 through Saturday the 11^th. We will cover “The 5 Master Keys to Success,” in today’s real estate market. For more information and to sign up just go to http://www.BillBarnettNOW.com

If I missed the federal homebuyer tax credit have I missed out on these buying and selling aides altogether? While most would assume yes, the answer is in fact no! This week on Bill Barnett NOW I’m bringing you a website that helps homebuyers find other assistance programs that aren’t as highly publicized as the previously mentioned federal program. http://www.TxHomePrograms.org is a website that has a searchable database of homebuyer-assistance programs. These are programs that even your local realtor may not have heard of!

This is yet another reason why each and every week you need to be tuning into Bill Barnett NOW- The New Order of Wealth. I bring you this kind of great information so that you always make the most informed decisions when buying, selling, or investing in the real estate market. Make sure you catch the show Sunday 8-9 a.m. on WBAP http://www.WBAP.com and select “Listen Live.” And also on Saturday evening’s from 6-7pm and Sunday mornings from 7-8am on Radio Mojo, KPRC 950AM in Houston! To listen just go to http://www.KPRC.com and click on the “Listen Live” button.

Homebuyer-assistance programs aren’t the only thing we’ve got for you on the show this week! We’ve also got some great information about real estate prices being up nationally; as well as the government’s modest outlook on the market’s recovery. I’ll be telling you why you should purchase a home in a declining market, how sellers can increase their property value, and I’ll have some information about the real estate tax or what some are calling the Medicare tax.

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How Texas escaped the real estate bubble

Posted : July 30, 2010 2:06 PM | Posted By: Bill Barnett
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This week on the show I’ll give you more reasons to invest in Texas and why Texas has been able to avoid the bulk of pain associated with the real estate bubble. To join us for this story and more go to http://www.WBAP.com and select “Listen Live” to hear the rest of the story.

How Texas escaped the real estate bubble… Most of the U.S. is still hurting badly from the recent real estate bubble; however there is some hope down south in the Lone Star State. While others such as Florida, Nevada, and Michigan are still trying to recover, many people are wondering how Texas managed to avoid the real estate bubble in the first place. One of the key reasons is that Texas has one of the best employment rates in the nation. This means that more people are keeping their jobs and are still able to spend money in the real estate market.

I always say on the show that one of the best ways to find a strong real estate market is to find a strong job market. So, what does this mean to you? It means you should be listening to Bill Barnett NOW- The New Order of Wealth each and every week because this is the kind of information that will help you make smart decisions when buying, selling, or investing in real estate. Listening to the show can help you avoid investing your money in markets that could crash.

This week on the show I’ve also got some information about new home sales rebounding 24%. I’ll tell you why California is becoming ‘hot’ among homebuyers. I’ll tell you how government intervention affects the mortgage market with Wall Street’s new reform. With builders finally getting a little bit of confidence back in the market and many foreclosed homes finally hitting the market, I’ll have a story that says the supply of homes is expected to grow. And finally I’ll tell you about home prices showing stability.

All this great information and more can be heard this week on Bill Barnett NOW! - The New Order of Wealth. http://www.WBAP.com and select “Listen Live.”

Also, be on the lookout for the newest place you can listen to Bill Barnett NOW! Starting Saturday, August 7th you can hear us twice a week in Houston on Radio Mojo KPRC 950AM on Saturday from 6-7 pm and Sunday mornings from 7-8am!

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Will the commercial real estate market crash?

Posted : July 22, 2010 10:24 PM | Posted By: Bill Barnett
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This week on Bill Barnett NOW- The New Order of Wealth I’ll answer the question, “Wasn’t commercial real estate supposed to crash?” A couple weeks ago we discussed the possibility of a crash in the commercial real estate market, but we’ve yet to see this happen. So is the market going to crash or not? Well, expert opinions vary on this one. Some believe the market is doomed to crash, bringing down with it small banks and destroying small-business lending. On the other side some experts believe that the market will continue to suffer but will never crash like the residential market did. They believe that if an industry acts early enough and has enough support it can stop a crisis like this from happening.

We've also got a free two day event that starts tomorrow (Friday, July 23rd and Saturday, July 24th) where we'll give you “The 5 Master Keys to Success,” in the real estate market. It’s not too late to sign up, go to http://www.BillBarnettNOW.com/Jimmy

This week on the radio show I’ll let you know where I stand on the commercial market crashing. I’ll also give you some examples of ways professionals in the commercial industry are trying to keep this market from crashing. Join us this week for the show to hear all this and much more http://www.WBAP.com and select “Listen Live.”

We’ve been telling you for weeks now that there will soon be a housing shortage in the U.S. This is caused by the fact that when the economy recovers people will want to own their own homes again. However, with builders hesitant to get back into the market there won’t be enough new homes to go around. Well this week were bringing you a story that says this housing shortage has already begun! This is why you want to tune in each and every week to Bill Barnet NOW! We bring you great information about the market before things happen so you’re informed and can make the best decisions when it comes to buying, selling, or investing in the real estate market.

Of course that’s not all we’ve got for you on the show this week. I’ll also tell you about FHA raising FICO floor and reducing seller concessions. I’ll tell you why even though new home construction has dropped the outlook has brightened. I really like to bring you some fun stuff on the show when I can and this week I’ll do that with a story about price cuts on mega-mansions! And I’ll give people with their homes on the market some great information with 6 strategies for a realistic price.

All this great information and more can be heard this week on Bill Barnett NOW! - The New Order of Wealth. http://www.WBAP.com and select “Listen Live.”

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Should I let a buyer move in prior to closing

Posted : July 16, 2010 7:14 PM | Posted By: Bill Barnett
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This week on Bill Barnett NOW! - The New Order of Wealth I’ll bring you some new data on the housing market. I’m going to discuss mortgage applications rising and what that means for you. I’m going to fill you in on why international buyers are so interested in the U.S. housing market. I’ll have a story about home builders suing the EPA over the new lead-paint rule. And I’ve got two great stories for homeowners with 5 home innovations and 7 rules for room additions. There’s a ton of information on the show this week, if you’re not a regular listener this is one to tune in for!
All this great information and more can be heard this week on Bill Barnett NOW! - The New Order of Wealth. http://www.WBAP.com and select “Listen Live.”

“Is there a reason to ever let a buyer move in prior to the closing?” Absolutely not! Last week on the show I began discussing the story titled Pre-Closing horror stories – 5 safeguards against legal entanglements. I shared two stories about homeowners that allowed the perspective buyers to take some form of possession of the house. The first ended up with their house being burned to the ground. The other is faced with up to a year waiting period for their date in court to get their house back from the buyers that moved in and then refused to close or move.

This week on the show I will finish this story by giving advice on ways a seller can protect themselves if they’re caught in this situation. If the buyers of your home need a place to stay, the only way you should allow them to move into the home is with a lease and security deposit in place. I will go into further detail on exactly how to protect yourself this week on Bill Barnett NOW! The New Order of Wealth- Sunday mornings 8-9a.m. on WBAP and http://www.WBAP.com and select “Listen Live.”

All this and more, this week on Bill Barnett NOW! - The New Order of Wealth. http://www.WBAP.com and select “Listen Live.”

Don’t forget next weekend we've got a free two day event on July 23rd and 24th where we'll give you “The 5 Master Keys to Success,” in the real estate market. For more information and to sign up, visit http://www.BillBarnettNOW.com/Jimmy

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New Credit Checks

Posted : July 8, 2010 4:23 PM | Posted By: Bill Barnett
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Could new credit check ups keep you from closing on your house? The answer is, not if you’re careful. Recently mortgage giant Fannie Mae decided to require homebuyers to be put through tougher credit checks. These include last minute “refreshed” credit reports and are done in order to protect the lender. Basically, once you’ve filled out your loan application and had your initial credit check, don’t think you’re in the clear. Lenders have been waiting until the day before or the morning of a closing to perform a “refreshed” credit check to make sure the buyer’s credit score or indebtedness hasn’t changed.

What does this mean to buyers? From the time you fill our your loan application until you close on the house DO NOT apply for a new credit card or make a large purchase such as a new car. These are things that will change your credit score enough to make lenders think twice before funding your loan even though you are already approved. You could even end up losing your deposit, having to pay a higher interest rate, having a larger down payment, or completely losing the closing. I will explain the effects of these new credit checks further this week on Bill Barnett NOW! The New Order of Wealth- Sunday mornings 8-9a.m. on WBAP and http://www.WBAP.com and select “Listen Live.”

The show this week is crammed full of great information such as ways to keep yourself safe before your house is closed and stories of people who didn’t! I’ll bring you some news about pending home sales dropping and what effect this will have. I’ll have a story about a man who made billions betting against the subprime mortgage market saying NOW is the time to buy. And I’ll have some great information for home owners with the story 10 Home Repairs That Will Save You $. This can really help make your home more attractive to perspective buyers.

All this great information and more can be heard this week on Bill Barnett NOW! - The New Order of Wealth. http://www.WBAP.com and select “Listen Live.”

We've also got a free two day event on July 23rd and 24th where we'll give you “The 5 Master Keys to Success,” in the real estate market. For more information and to sign up, visit http://www.BillBarnettNOW.com/Jimmy

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Strategic defaulting a BAD idea

Posted : July 1, 2010 5:41 PM | Posted By: Bill Barnett
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A warning to people who consider "strategic defaulting" a good idea. Last week on the show I told you about a rapper from Houston who walked away from his multimillion dollar home when he was perfectly capable of making the payments. This is a trend we’ve been seeing in the market since prices dropped and owners began to owe much more on their properties than they’re worth. They decide that walking away from these mortgages is their best option, but what they’re not thinking about is how this will affect them in the long run.

Government-sponsored mortgage purchaser Fannie Mae has recently developed a program that keeps people who stragically default from getting new loans for up to seven years. I will discuss this program and the disadvantages of strategically defaulting in depth this week on Bill Barnett NOW! The New Order of Wealth- Sunday morning 8-9 a.m. on WBAP and http://www.WBAP.com and select “Listen Live.”

This week on the radio I’ll also talk about banks such as JP Morgan Chase hiring hundreds of new mortgage officers because they foresee a future need. I’ll have some great information about some of the fastest growing cities in the nation (including the Dallas, Fort Worth Metroplex). And I’ll bring you some great information on mortgage rates being at their lowest point since the ‘50’s! That’s some great news for those of you interested in getting into this market.

One last tip I have for those of you with your houses on the market is to use social media! These are things such as Craig’s List, facebook marketplace, and eBay! These are great ways for a large amount of people to view your property. Of course these aren’t the only things you should be doing to sell your property. Always have a professional to help guide you through the market like the great people from http://www.DFWProperties.net who sponsor our show each and every week.

All this great information and more can be heard this week on Bill Barnett NOW! - The New Order of Wealth. http://www.WBAP.com and select “Listen Live.”

We've also got a free two day event on July 23rd and 24th where we'll give you “The 5 Master Keys to Success,” in the real estate market. For more information and to sign up, visit http://www.BillBarnettNOW.com/Jimmy

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Get into the market NOW

Posted : June 24, 2010 2:50 PM | Posted By: Bill Barnett
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Can a sudden jump in pricing be expected? According to expert Elliot Pollack this will soon be the case due to a limited supply of housing. As we said last week, when the economy recovers people will begin to want to own their own homes again, but with builders reluctant to get back into the market there won't be much to choose from. This of course causes prices to jump.

What does this mean to you? Get in the market now! By getting into the market while prices are still flat you can take advantage of some great deals. When prices jump you'll be able to benefit from the value of your property rising. I'll get more in depth about how to take advantage of the market while you can this week on Bill Barnett NOW- The New Order of Wealth Sunday morning from 8-9 a.m. On WBAP and http://www.wbap.com and select "Listen Live"

The show this week will be packed full of some great information but also a little fun! We'll go over Five Real Estate Opportunities you should really know about. We'll have advice on whether or not you should consider cutting the price of your home. And we'll have the unforgettable story of rapper Chamillionare walking away from his home and claiming it had nothing to do with funding. This is really one to tune if for!

All this great information and more can be heard this week on Bill Barnett NOW- The New Order of Wealth. http://www.wbap.com and select "Listen Live"

We've also got a free two day event on July 23rd and 24th where we'll give you the master keys to success in the real estate market. For more information and to sign up, visit http://www.billbarnettnow.com/Jimmy

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Don't Judge a Book (or Bill) by its Cover!

Posted : June 2, 2010 9:00 PM | Posted By: Bill Barnett
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Contact your state representative and ask to have seller financing de-coupled from the following bills: HR4173 and the 'Restoring American Financial Stability Act of 2010'.

There is currently one bill in Congress and a companion bill in the Senate that threaten the very fabric of American property rights. While there are many good benefits for the public included in these bills there are dangerous pitfalls as relates to the consumers this bill is intended to protect. Real estate investors nationwide are seeking assistance in de-coupling the individual taxpayer from this legislation that is intended for oversight of institutions, and we need your help to get the word out.

Don't Judge A Book (Or A Bill) By Its Cover

The bills are HR 4173, the Wall Street Reform and Consumer Protection Act, and the Senate companion bill, the Restoring American Financial Stability Act of 2010. These sound great don't they? Wall Street Reform, Consumer Protection and American Financial Stability are warm and fuzzy sounding names. You've probably heard the old adage, "you can't tell a book by its cover," right? Well, you can't tell a piece of legislation by its name either. Both bills literally contain thousands of pages.

I had the opportunity to participate in National REIA's 3rd Day On the Hill in Washington, D.C., where these bills were brought to my attention. This important event was sponsored by the National Real Estate Investors Association, who represents over 40,000 small businesses in 41 states. Of concern to both investors and average Americans is that we are all caught in one big net directed at mortgage regulation. You, me, your parents, your grandparents... everyone you know would, upon passage of this legislation, be required to become licensed mortgage lenders if we decide to sell any property we own with owner financing. Suddenly, if your parents own a property free and clear and decide to let you buy it from them with monthly payments, they would need to be licensed as a mortgage lender and you would have to qualify for the loan as you would with any other lender.

Many properties, such as condos, mobile homes or land, don't qualify for bank financing but would now have to. Why? Because purchasing from individuals by using a privately held note would no longer be legal. After the tumultuous real estate market of the past few years, many of today's buyers can't qualify for a traditional mortgage and count on seller financing. This would no longer be an option for millions of potential homeowners.

Your Call To Action - Make A Difference!

Here is a sample letter:

Dear_________:

I strongly encourage you to assure that no restriction of seller financing is inserted in S3217 or in any bill created in conference committees. This would have a negative impact upon the same consumers that the Anti-Predatory Lending legislation is supposed to be protecting. I am not opposed to the regulation of the mortgage industry as a whole, but only of private property owners who would seek to offer terms of sale of a property for monthly payments in exchange for equity.

Thank you for your time and attention to this matter.

Note: use your own words and experience. In other words, say that you are a Realtor or mortgage broker, or investor, or you inherited a house that you need to sell or that you are a landlord and want to sell but your buyers cannot get bank financing or whatever situation is real for you.

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