May 2010 Spring has Sprung! Home prices are afforadable and we have choices! More homes are coming to market each week, and Interest rates are still favorable! (for conforming, <$417,000 loan) 5.125% – 30 year fixed 4.50% – 15 year fixed 4.00% – 5/1 ARM (Higher Conforming, >$417,000 loan) 5.25% – 30 year fixed 4.75% – 15… Read More
With the many changes in the market, we wanted to help to educate our clients and answer some frequently asked questions about short sales. If anyone you know has any questions about short sales, please contact us, as we have relationships with CPA’s and Attorneys who have the latest information. Since each transaction is unique,… Read More
There are many new companies that offer their service as “negotiators”. These companies for a fee (usually 1-2% commission) will negotiate directly with the lenders involved. Their claim is that they have experience and will stay in constant contact with the lender. Usually, they are employed by the listing agent. It is important to know… Read More
When listing short sale property, a Realtor may start with an asking price that looks to be too high compared to the current market. This may be a part of a required process on the part of the lender involved. Many times the lender will require the home to be marketed for several weeks. If… Read More
Really? After submitting an offer to be considered by the lender for a “short sale”, you may be informed that the offer price and conditions have been approved. Many times the “waiting game” takes so long that the buyer making the offer decides to move on and find another property. At that point, the listing… Read More
