Blog

Lifestyle Choices Affect Bottom Line – Movin’ on up can cost a lot of time and some big bucks

By M. Anthony Carr When it comes to eventually moving into that dream home you've always wanted, keep in mind that many of the choices we make on a house are really driven by lifestyle desires, rather than lifestyle needs. More bedrooms means more time to clean, more expensive to repaint and carpet/floor in the future. The bigger the house and the larger the lot, the more you're going to pay for it both in time and financial resources. The main three decision factors are larger lot,

MORE...

The Basics of Making an Offer on a House Buy | By: Realtor.com Team |

Like marriage, home-buying is one part love, one part legal transaction, and it starts with a proposal. When you’re ready to buy a home, you need to make a written offer: Oral promises are not legally enforceable in real estate sales. Realtors usually have a variety of standard forms (including Residential Purchase Agreements) that are kept up to date with the changing laws. In many states, sellers must comply with certain disclosure, and a Realtor will ensure that they do, as well as

MORE...

How to Buy an REO Property Written – by Blanche Evans

Buying an REO isn't for the faint-hearted, but if you're willing to work with the bank, asset manager or mortgage clearing company, you may get a good deal. An REO simply means that the foreclosure process has gone far enough that the bank has taken the property back from the homeowner, put the property for sale at auction, and had no bidders. The property becomes real-estate-owned or REO, meaning that the bank or an agent will handle the sale on the open market. That agent could be an o

MORE...

Why Many Americans Are Not Getting Approved For A Home Loan – Written by Jackie

  The federal administration is meeting with bankers in order to address why many potential consumers are being denied credit. Lenders increased their requirements after the subprime crisis and as a result access to credit is currently one fourth of what it was prior to 2004. Statistics show that prospective home buyers with a score less than 640 are being shut out of the market. Fannie Mae and Freddie Mac have set requirements including the Fico score, debt to ratio income and p

MORE...

Do Auctions Determine The True Value Of A Property? Written by Bob Hunt

Bill Would Ban Shill Bids at Real Estate Auctions Many people, both inside and outside of the real estate business, believe that an auction is the best way to determine the true value of a property. But suppose that shill bids are employed. A shill bid is a bid submitted by the seller -- or someone acting on behalf of the seller -- in order to drive the price up. It is not a bona fide bid by an arm's length buyer. The auctioneer may even be the one who, just by falsely announcing it, s

MORE...