Buying a Home

Alice’s Analysis.. You don’t need 20% down payment to buy a house or a multi family!

Many people believe you need 20% down payment in cash before you can make an offer on a house… This video tells you in just a few minutes how the 3.5% FHA program can help you get into your first property or better yet your first multi family property!Alice Lema Broker John L Scott Real […]
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Alice’s Analysis New Construction Tips. What to Look For & What to Ask For

Alice’s Analysis.. New Construction Tips What to Look For & What to Ask For in a Brand New Home ? Text or call Alice for more info or help with your real estate buying and selling 541-301-7980?Ashland Medford Grants Pass Alice Lema Broker John L Scott Real Estate 541-301-7980 alicelema@alicelema.com #medfordoregonhomes #ashlandoregonhomes #medfordoregon #ashlandoregon #talentoregon […]
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Help.. !! Need duplexs/3plexs in E Medford this week … up to $450K

Hey Real Estate Fans… I have buyers for E Medford 97504 area that want duplexs, 3plexs, and 4plexs before the interest rates go up again… Can be cash but prefer to do conventional financing & and will keep tenants… Anyone ever think of selling or know someone who might be thinking of selling?  Please Please […]
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Basic Principles of all Mortgage Loans

The home is used as security to back up the loan. A lender can force sale of the home if the borrower defaults by failing to make scheduled payments. The larger the loan compared to the value of the home, the more risky for the lender and, often, the more expensive the loan will be. […]
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Are vacation homes a good investment?

You can buy a vacation home today for investment purposes as well as enjoyment. And yes, there are tax benefits. Some people buy a vacation home to use as a permanent retirement home later, which allows them to get ahead on their payments. Another benefit is that the interest and property taxes on a vacation […]
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What are the differences between condos and single-family homes?

Using appreciation as a measure, condominiums in some areas have been as profitable an investment as single-family homes in the past five years. And in some markets, condos appreciated even more, according to some experts. While single-family homes have been the preferred investment by homebuyers, changing demographics are helping make condos more popular, especially among […]
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Is it smart to even consider a fixer-upper?

It depends. Distressed properties or fixer-uppers can be found anywhere, even in wealthier neighborhoods. Such properties are poorly maintained and have a lower market value than other houses in the neighborhood. Many experts recommend that before you make such an investment, first find the least desirable house in the best neighborhood. Then do the math […]
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Are foreclosures a good investment?

A foreclosure property is a home that has been repossessed by the lender because the owners failed to pay the mortgage. Thousands of homes end up in foreclosure every year. Economic conditions affect the number of foreclosures, too. Many people lose their homes due to job loss, credit problems or unexpected expenses. It is wise […]
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What About Refinancing My Mortgage?

When is the best time to refinance? It depends on how long you plan to hold on to your house and if you have to pay anything to refinance. In addition, it also depends on how far along you are in paying off your current mortgage. If you are going to be selling your house […]
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Property Taxes?

Can property taxes be deducted? Property taxes on all real estate, including those levied by state and local governments and school districts, are fully deductible against current income taxes. Mortgage interest and property taxes are deductible on a second home if you itemize. Check with your accountant or tax adviser for specifics. How are property […]
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What kind of insurance do I need?

A standard homeowners policy protects against fire, lightning, wind, storms, hail, explosions, riots, aircraft wrecks, vehicle crashes, smoke, vandalism, theft, breaking glass, falling objects, weight of snow or sleet, collapsing buildings, freezing of plumbing fixtures, electrical damage and water damage from plumbing, heating or air conditioning systems, according to the Insurance Information Institute, a Washington, […]
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Improving Real Estate

Are there government programs for rehabilitation? The U.S. Department of Housing and Urban Development’s Section 203 (K) rehabilitation loan program is designed to facilitate major structural rehabilitation of houses with one to four units that are more than one year old. Condominiums are not eligible. The 203(K) loan is usually done as a combination loan […]
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