Home Buyers

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Anyone who has known me for long knows that I’m a numbers guy.  When I decided to move to Roanoke, VA from Maui, HI I took a years worth of tax data and MLS data and boiled it all down to a simple table that told me exactly where the market was here.  Just a month after moving here I was speaking as “the expert” at my Real Estate Investors group because of the fresh data in my head.  I LOVE real estate and I believe it to be the safest investment of all if you know enough about it to stay in front of the trend.  A VERY intelligent investor here in Roanoke, VA who has studied and made money in all asset classes put it best: “I plan to put all of my eggs in one basket and just protect the hell out of my basket.”.  That basket …

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www.Zillow.com has just released a new tool on their site which allows home owners across the US to see how their neighborhood ranks among others for the amount of negative equity in their homes.  For months I’ve been researching this and I’ve found that roughly 55% of homes nationwide currently have less than 10% equity and 27% are over leveraged.  I have not been able to find data at the local level until now.  This confirms that Roanoke is NOT insulated from the effects of the overall real estate market as so many professionals lead you to believe.  In my experience here in Roanoke, pretty much any home owner who originated their loan after 2006 who did not put 20% or more down is most definitely in a negative equity situation.  That is why REsolutions Real Estate Services has introduced our Rent To Own program. Through our Rent To Own …

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