How many renovation loan products do you have?PrimeLending has a number of renovation products up to $1.5MM. This is important in our marketing area, SF Bay Area, South Bay - Santa Clara. Lots of homes from $750,000 - $1.5MM that exceed the FHA Maximum Mortgage Limits and include renovation money.Several calls this week for people looking for a 203k, one on a $1.2MM project and the other on a $840,000 purchase ,while FHA isn't the right loan for them we were able to help them with other similar products.We know of two lenders who go up to $3,000,000 to purchase or refinance and renovate their homes. While the FHA 203k program and HomeStyle Renovation Mortgage programs are the mainstay of our business, they just don't fit every buyer. The larger the loan amount likey will require larger ... 10/23/2017

I was holding an open house yesterday on one of my listings that just had a price reduction.  On the open house sign I had a card, in red, that said "New Price".A woman came through the open house and asked me what the price was.  I asked her to have a look around and tell me what she thought it should be.  Her response was, "So is this one of those situations when you just make your best offer?"I thought to myself, "Isn't that always the case?  Every single person that has their house on the market wants to see your best offer."  Regardless of the market.  Sellers want to see offers.  All of them.I have clients that want me to let them know when there is a price reduction on a certain property, which I am happy to do.  But I ask, "Why would you wait for a price reduction?  Why don't yo... 09/17/2007