It would be wonderful if buying a new home were as easy as purchasing a new TV, but the transaction is complicated by nature. It’s good to be apprised of common real estate negotiations and surprises that can surface during the process. Contingencies: You can almost...
1. Accepting the buyer with the highest offer without regard to the other contractual terms. 2. Not properly handling multiple offer situations with multiple buyers. 3. Not properly handling back-up offers. 4. Entering into an agreement with no earnest money deposit from the buyer, or a very small...
If you ask experts at Fannie Mae and the National Association of Home Builders, 2013 is bound to be a great year for the mulitfamily housing sector. They are basing their assertion on already low vacancy rates and higher rents, and both groups believe that...
It’s been three months already, but Freddie Mac’s new Standard Short Sale program is starting to take shape and gain a foothold. The GSE is working tirelessly to advertise the program to the public in the hope of growing it, not to mention shed light...
A new rule that was unveiled by the Consumer Financial Protection Bureau (CFPB) called the qualified mortgage (QM) rule was highly anticipated by consumers and lenders for the protections it provides. The most critical aspect of the new rule is the Ability-to-Repay rule, which takes...
As 2012 drew to a close, the real estate market heated up in a way that hadn’t been seen in years. In fact, Trulia conducted a survey last summer where they asked local residents how they thought home prices might rise in the area. In...