Destruere

Time for another website review…

I came across DROdio.com whilst looking for Real Estate in the Virginia, Maryland and Washington area. A friend of mine is think of moving and a site like this one seemed like a good place to start. I quite like the YouTube video tutorials they offer they are also very quick to respond. They quote a time of within 15 minutes on their website, I would be keen to test this out. 15 minutes is a very quick time for a response and its quite refreshing to see a website quote a response time on their website. Not many do and you are sometimes left in the dark about how long it takes for someone from the company to get back in touch.

The range of real estate that is on offer seems pretty comprehensive and they are enough for people to be able to look at for a good few hours. This site seems like a good starting point for anybody looking for real estate in that area. I would recommend that you look across other websites before making your big decision, but as a place to begin I strongly recommend this website.

Let me know how your search goes..

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After the recent cut in interest rates house prices have gone on the rise.

Even thought the interest rates were cut by only 0.25% house prices have responded by rising. This rise will be down to the lenders being able to offer more mortgages to more people.

As I am house hunting this is bad news. House prices are already over inflated and with interest rates high it makes buying a house a bigger problem than normal. I’m unclear on how most people can afford a decent house on moderate salaries without cutting lifestyles to a complete minimum.

I’m hoping to wait on house buying until the market crashes or repossessions become common place that its easy to pick one up cheaper than normal rates.

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Its finally happened….

Interest rates have dropped 0.25%

Its not a massive amount but on a £100,000 mortgage it would save you about £50-£75 a month.

For me, its a little bad news. I am looking to buy a house and if the housing market were to collapse I could do one of two things:

a) pick up a reposession

b) buy at a lower price

I know its good for existing homeowners but i’m not one of them.

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Woolwich have announced a 10 year mortgage.

I think this is a scary idea, I cant imagine trying to pay off a full mortgage in 10 years.

Unless you were earning a large wage and living in a box, how can any one manage?

I looked into a mortage recently and cannot look into doing less than 25 years hard time.

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Property prices could fall by up to six% over the next two years, lowering the value of secured home loans.

The Northern Rock and US sub prime crisis are said to be some of the major driving factors behind this.

Homeowners are being advised to take out home loans now before any house prices fall.

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