Happy Holidays from Fannie & Freddie
Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season. Read more from this Article
Read more from this Article »How buyer’s shoot themselves in the foot
Some home buyer’s can’t resist shotting themselves in the foot when buying a home. Part of my job as an agent is to tell my buyers what they need to hear and not want they want to hear. I see a lot of situations where buyers miss out on great opportunities because they are too [...]
Read more from this Article »Always Use A Buyer’s Agent
Advantages to using a buyer’s agent? Countless. List of duties your buyer’s agent should perform? Endless. So why should buyers use an agent? About 6 months ago I closed on a listing of mine. What started off as great transaction, ended in much difficulty. The buyer’s who offered on the home were working alone. Big [...]
Read more from this Article »How do new builds compete in a downward market
This is an interesting article about new builds and how they are having a hard time competing with re-sales. http://www.msnbc.msn.com/id/42219385/ns/business-real_estate/ The belief is foreclosures and short sales drive down the price of re-sales and people may not be willing to spend more on a new build. As with all articles about real estate keep in mind how averages [...]
Read more from this Article »Proposed Mortgage Industry Reforms—Waiting Predicted to be Costly
You hear it everywhere today, the media is reporting about the current administration’s plan to reform the mortgage market and do away with or limit government supported programs, such as Fannie Mae and Freddie Mac. But, do you understand what this means to you
Read more from this Article »Why short sales don’t close
The number one reason why short sales don’t close is because the buyer will become frustrated and walk from the deal. As an agent the must frustrating thing for me is when clients become emotional because they don’t make wise decisions. Once a buyer or seller becomes emotional then they are likely to not make [...]
Read more from this Article »5 predictions for 2011
5 predictions for 2011
Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:
Will Realtors Go Away Like Travel Industry Agents?
Alike in some ways, agents are helping the consumer with personal plans and while travel/vacations have pieces/parts; flight, car, hotel, etc… like RE transactions have pieces/parts; staging, marketing, photos, finding the house, getting the right financing, title, negotiations, etc… A vacation might be $5000+ vs. real estate transactions often exceeds $500,000 and ONE simple oversight [...]
Read more from this Article »Cyber Home-Shopping Sink Holes
December 1, 2010 by Angela Murphy, Partner, Revealty The Internet is a great tool for finding the best deals on many things we buy. But, can you really find a steal of a deal on the house of your dreams online? The NAR, National Association of Realtors, states over 90% of homebuyers use the Internet [...]
Read more from this Article »If short selling a home do you still owe the bank the money?
The answer is most likely yes. A seller who is selling a home as a short sale, which is when a home sells for less then the mortgage owed, needs the bank to release the mortgage to sell the home. The mortgage is simply the security instrument protecting the banks interest in the home. But this dosen’t [...]
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