If you are a former home owner who has had a short-sale be aware that the timeline is about to change for when you can try and re-qualify for a new home loan. On August 16, 2014, conventional loans guidelines will require a 4 year waiting period on short-sales regardless of how much a borrower’s …
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Recently the home mortgage lenders we work with have been advising that loan requirements for some home buyers have been relaxed a bit. This may mean that for some home buyers they will have a chance to buy a home in this current market. Normally, FHA lenders require at least a 620 credit score to …
Are you are wondering if it might still be a good market to consider buying some properties as an investment to rent out? Based on year end reports, it seems that it can still be considered to be a good market for rentals, if you are landlord. Recent reports showed that 2013 had the most …
Can For Sale By Owner strategies work? Well, not so well if you ask the owner of ForSalebyOwner.com, a large website for owner sales. He spent six months trying to sell his condominium himself through online listings and classified ads, before turning over the listing of the 2,000-square-foot apartment to a New York broker. Despite …
Recently an acquaintance had us check on a home in the neighborhood that had just sold. They wanted to find out what the home had sold for. In checking, we learned the home had sold for cash at a price well above what is the average price in the local market currently. Being a cash …