Terry Hunter's Blog

What is YOUR take on brokering property "subject to" existing loans which have a due-on-sale clause (for a long-term hold)? It has gotten to the point that I am beginning to see FRANCHISES, for goodness' sake, for specializing in these kinds of deals.  Some local lenders are trying to endear them...

I am curious to know what the general consensus is on listing agents disclosing OVER full-price offers to competing buyer agents, or even under-asking-price offers, if the situation warrants it (i.e. if it would be useful to MY client, the seller). My latest experience in this was on a home that ...

In some cases... Yes!For example, I had a listing in Anaheim Hills, CA that my clients wanted to sell to buy their dream home in Newport Beach. A buyer from out of the area saw the Virtual Tour, and was interested. I judged him to be telling the truth in our conversations, and based on our conve...

Seller financing might very well make sense to both a buyer and a seller where: 1) There is adequate down payment or other security to guard against default in the event of some price decline, and to make sure that, in general, we have the buyer's full attention. Proper security is paramount, an...

For most families, their home is their largest financial asset, and deciding to sell it is a big decision that involves a lot of preparation and work. When you're ready to sell it's important to have an experienced real estate professional handle the details involved in the successful sale of a ...

It seems that virtually EVERY ONE of my transactions have similar, smaller issues…but this one is MAJOR!My typical procedure in my transactions is to ALWAYS get a 2nd opinion for termite clearance when the seller provides one.  Here's exactly why….Transaction Situation: Seller's agent delivered a...

For many years, the California Association of Realtors (CAR) residential purchase form has provisions for the buyer to cancel if the appraisal comes in low. That's all you need to cancel, if you haven't removed the appraisal contingency (assuming your agent protected you with one in the first pla...

In the USA, most of us have ALL “won the lottery”, BIG TIME, relatively speaking, despite the current financial and market turbulence, along with its attendant unemployment.  

               As Thanksgiving approaches, I am reminded how very fortunate most of us living in America truly are. For ...

If your finances are "iffy", then buying is not a good option, even if it's a foreclosed home.Foreclosures are not automatically a good buy. Banks have appraisals or broker price opinions, and they try hard to get the market value indicated by these "appraisals". The worst decision you could make...