Surprisingly, 25% of buyers still don’t undertake this one measure that can save them huge hassles and expenses down the road.4…. If your agent really seems clueless, chances are he or she is clueless — not a good thing when hundreds of thousands of dollars could be on the line.That this many people neglect to get a home inspection is astounding. I kid my clients that “if they really want this house, they won’t get a home inspection;” I have been able to advise each and every one of my clients (so far) to get an inspection.
Browsing Category Buyers
CLUE reports’ impact on real estate
Today I had a conversation with a fellow Realtor who did not know that a house’s (and thereby the Seller’s) claims history can impact whether a buyer can affordable homeowner’s insurance. From VAR’s website – bolding mine – Dating back to the 1980s, insurance claims databases provide subscribing insurance companies with claim history information for properties and individuals…. Waiting until the last days or even weeks before the closing can limit the opportunities of the buyers and sellers to address the affordability and availability issue and, if needed, to find alternatives for difficult to insure properties.
Bigger Bids Aren’t Always Better Bids
But even now, it’s not all about money, money, money.What both buyers and sellers should understand is that the highest offer is not necessarily the strongest…. Understanding how all these items relate is critical to putting together a successful bid, or choosing the strongest offer.This WP article is very good in many respects and very worth reading…. If a ready, willing and able buyer is willing to spend $15k more than his or her competition to purchase a house for the family, and stay in the house for a number of years, then that buyer is not overpaying.
Buyers Use Sly Tactics To Win Bidding Wars
Interesting realestatejournal.com article this morning. Not all the cited tactics are "sly," however.Writing letters presenting buyers is not a new tactic; I do for all of my buyers (when time permits). Any edge that we...
No prepayment penalty here!
In my closing today with an interest only mortgage, there was no pre-payment penalty. One instance does not a trend make.
Pay attention to your loan documents!
Prepayment penalties — requiring borrowers who close out a loan in the first few years to fork over some extra cash — have long been common on the so-called subprime mortgages issued to borrowers with…
New Construction prices
Take note of one example in Crozet that has been on the market for a couple of months, unsold as of today.11/10 - $336,95012/03 - $344.95001/25 - $354,950Move quickly. There is more than adequate demand...