From the category archives:

Real Estate

Home Prices Rise In November 2009

According to government, it seems that home values rose 0.7 percent in November. This increased of national home prices started since february 2009.

In my view, where this report go wrong is that isn’t in real-time. The home valuation report is using data from November.

If 80% of purchases close within 60 days(according to the National Association of reators) it clear that with a home valutation report of two month delay, it seems like that the home values be rising, despite the home sales fell flat last month.

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Watch This First Before Buying A Home With A Family Member

Today, mortgage guidelines get tight. This video below launched two years ago by real estate expert Barbara Corcoran, still give  you good advices for co-purchasing partners.

The practice is not new, like any business relationship, it’s important to develop a plan, first. Bringing more attention to “joint homeowners” and share a home with another or others..

  • Take the attorney to draft contracts and interpret modern legal documents.
  • Have a plan for when one or both parties wants to move or sell
  • Consider life insurance policies on each other

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