RECENT BLOG POSTS
Everyone knows it's a buyers market, not an easy market, but if your qualified and have money for a down payment it's a great market. Once again, a local news station has their real estate expert telling buyers that they are in a very risky situation right now. Homes are now more affordable and t...
Just heard over the radio, local station, that the market is starting to pick up in Montgomery County. I think the lower interest rates will make an even better impact. This is good news since it's coming from the local media, should help boost sales.
My past experience has shown that when the interest rates go down, the prices tend to rise. As did, during this last real estate boom. I may have misunderstood, but this morning, on the morning news I overhead a so called, expert real estate agent state that the lower rates will help bring down t...
Thanks for the comments. I have an wild idea...when you buy a home, you can purchase an insurance policy that would cover any short fall if you get into a short sale position. How would it work, not sure, but lenders do it with their PMI.
I think if lenders put into place a systematic process to work with short sales, they could decrease the time processing, save themselves and everyone else money. Since short sales are part of our current market and probably in our future for awhile they should be adddressed as if a permanent tra...
Short sale tip of the day....through my experience buyers who hang in on a short sale will get a great price, with the home still in good shape if the owners are still living there or maintaining it. Once they become bank owned, they usually are in less then desirable shape.
I Read an article in the Wall Street Journal about owners who are being forced out of their homes via foreclosure. They are trashing the homes and removing anything of value such as appliances. The lenders are trying to pay the owners $1,000 or more to move out without damaging the homes. It must...