Buyers Agent Contract – then Inspection Great, you got the and attorney review is over, whats next? Inspection Time
Buying Real Estate Investing Let your tenants send your kids to college 8/2020
Moving Section 121 Exclusion – Capital Gains
Buyers Agent Real Estate in a COVID world REALTORS Thoughts on the Recovery 7/2020 The National Association of REALTORS® just released the Market Recovery Survey of a random sampling to close to 100,000 members conducted June 24-26, 2020.  The following statements are the members’ opinion on various aspects of the recovery to the Covid-19 pandemic as it relates to real estate. In response to the safety […]
Buyers Agent Tips in a Low Inventory Market 5 mistakes to avoid when making an offer
Costs of Housing Mortgage Prepayment Prepaying Your Mortgage 7/2020 Paying off your mortgage can provide peace of mind and is a worthy goal but is it the best thing for you to do at this time. Do you have higher interest rate debt currently?  If you have credit card debt with double-digit rates or personal, car or student loans, you’ll probably […]
Buyers Agent Mortgages Pre-Qual vs Pre-Approval Good Decision for a Second Opinion 7/2020 You’ve done your homework, contacted a mortgage company and believe you are pre-approved.  That part of the process is finished and you can concentrate of finding a home and moving…or can you? Pre-qualified and pre-approved are two different things but some people, including some in the business, use the […]
Buyers Agent How is your FICO FICO Resilience Index 7/2020 FICO, the company that standardized a credit scoring model to allow lenders to evaluate a person’s ability to repay a loan has now added a new tool called the FICO Resilience Index.  This measurement can be used to determine a consumer’s ability to withstand uncertain financial times. It uses credit bureau information […]
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Buyers Agent FHA Streamline Loan FHA Streamline Refinance
Moving Aging in Place or Time to Move? Retrofitting for Aging in Place
Moving Do you have Equity? Equity Relief Approximately 63% of U.S. homeowners have mortgages and their equity increased 5.4% in the fourth quarter of 2019 over the same period a year earlier.  ATTOM Data Solutions, in its fourth-quarter 2019 report, showed that 14.5 million residential properties were considered equity rich.  That means the combined estimated amount of loans secured on those properties […]
Selling Full Costs of Selling – Full Service Assistance Convenience at a Cost The convenience of selling your home without the hassle of getting it ready, putting it on the market, showings, open houses, negotiations and repairs comes at a cost … a significant part of your equity. The companies, referred to as iBuyers, that buy homes from sellers are for-profit organizations.  They expect to […]
Selling Seller Tips – What to do now what sellers can do now
Buying Mortgage Affordability Here is how it works. Housing Affordability Index
Mortgage What About Mortgage Forebearance and Forgiveness?? Mortgage Forgiveness During the mortgage meltdown that caused the Great Recession a decade ago, some homeowners lost their homes to foreclosure or constructed a short sale to get out from under the debt.  In most of the cases, the lenders forgave all or part of the debt owed them. Similarly, in the early 90’s after the […]
Buyers Agent Shopping for a Mortgage Shopping for a Mortgage A lower rate will not only result in a lower payment, it will amortize the loan quicker.  A $250,000 mortgage at 4.5% for 30 years will have a $1,266.71 principal and interest payment.  At 4%, the same loan will have $1,193.54 payment saving $73.18 a month and the unpaid balance would be $1,776 […]
Moving A Good Use of Time While on Quarantine – Prepare for a Summer Garage Sale Get Ready to Garage Sale A well-planned garage or yard sale can give you extra space in your home, get rid of unused items and make some money but it needs some of the same considerations that any business needs to be successful. Start early to research and plan Promotion is key Display items attractively […]
Buying What Buyers Can Do While on Quarantine What Buyers Can Do While Staying at Home While you’re isolating at home, there are things you can do to help buy a home now or in the near future.  Instead of spending time surfing the Internet looking at homes, do the groundwork necessary to be able to purchase the home that you find. There is […]
Buyers Agent Am I Prepared to Buy? The 4 C’s of Qualifying Qualifying for a mortgage can be explained with 4 C’s.  Capital indicates the borrower has the necessary funds for the down payment and closing costs without exhausting their savings.  Capacity shows that the borrower has the ability from income to pay back the loan.  Credit history reveals the borrowers FICO score, which is […]
Buying What’s Included in the Sale? What goes with the house? 2/4/2020 Sometimes, there can be confusion on what goes with the house and what goes with the seller when they move.  Generally speaking, the house is the land and buildings and any fixed or attached property. Permanently installed and built-in items are considered real property.  Some things are obvious such as built-in […]