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Archive for the ‘Transactions’ Category
Monday, August 30th, 2010
As you know, a lot of Realtors these days are utilizing social networking to get the message out about a home that they are trying to sell on behalf of their client.
Posted in Buying, Buying First Home, First Time Home Buyers, Internet, Marketing, Real Estate and Internet, Selling Your Home, Social Networking, Transactions | Comments Off
Tuesday, August 17th, 2010
Effective October 4th, 2010, FHA will lower the upfront mortgage insurance premium (MIP) and raise the annual mortgage premium. Upfront MIP will decrease from 2.25% of the loan amount to 1 percent.
Posted in Credit, Ideas, Mortgage, Real Estate and Internet, Transactions | Comments Off
Monday, August 16th, 2010
There is no question that the luxury housing market has been hit hard by the recession. People in this price range lost plenty of money in the market, investments, and may have lost their jobs and or their retirement plans.
Posted in Buying, Buying First Home, First Time Home Buyers, Housing Market, Land, Luxury Home Market, Luxury Vacation Homes, Real Estate and Internet, The Market, Transactions, Your Local Neighborhood | Comments Off
Wednesday, August 11th, 2010
More and more real estate transactions are falling apart these days over inspection items. Just 5 years ago very few deals fell apart over inspections items.
Posted in Buying, Buying First Home, First Time Home Buyers, Housing Market, Inspections, Luxury Home Market, Real Estate and Internet, Selling Your Home, The Market, Transactions | Comments Off
Tuesday, August 10th, 2010
The most dreaded part of applying for a mortgage is all the paperwork. Mortgage documentation requirements are more stringent than ever and every “T” must be crossed and every “I” dotted.
Posted in Ideas, Mortgage, Taxes, Transactions | Comments Off
Monday, August 9th, 2010
I have often talked about the battle between buyers and sellers in today’s real estate market and I don’t want to badger the point any further, but I think that the problem has now spread to the realtors.
Posted in Brokers, Buying, Buying First Home, First Time Home Buyers, Housing Market, Ideas, Inspections, Luxury Home Market, Real Estate and Internet, Selling Your Home, The Economy, The Market, Transactions | 1 Comment »
Thursday, August 5th, 2010
Two things stop more people buying from purchasing a home more than anything else…down payment and credit score.
Posted in Buying, Buying First Home, Credit, First Time Home Buyers, Housing Market, Ideas, Luxury Home Market, Real Estate and Internet, The Market, Transactions | Comments Off
Tuesday, August 3rd, 2010
Elizabeth Duke, a governor on the Federal Reserve board, reported last month that credit for both consumers and businesses continues to tighten. Banks tighten credit by raising credit score requirements, reducing credit limits, and/or increasing requirements for “skin in the game”.
Posted in Credit, Ideas, Mortgage, Real Estate and Internet, The Economy, Transactions | Comments Off
Monday, August 2nd, 2010
No doubt about it, it’s been a good summer. It can’t even come close to comparing to last summer when I wondered if we would ever sell a home again.
Posted in Brokers, Builders, Buying, Buying First Home, Credit, First Time Home Buyers, Marketing, Real Estate and Internet, Taxes, The Economy, Transactions | Comments Off
Tuesday, July 27th, 2010
A cash-in refinance is when the new mortgage is smaller than the existing mortgage and the homeowner brings cash to the closing table. In contrast, a cash out refinance is where the old mortgage is less than the amount of the new mortgage and the borrower receives cash back.
Posted in Home Ownership, Ideas, Mortgage, Real Estate and Internet, Transactions | Comments Off
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