Buying When are the Negotiations Over? The primary negotiation in a home purchase takes place when the contract is agreed upon that includes the price, closing and possession.   With inventory down over 19% in the past year and multiple offers being more of the norm than the exception, the first round of negotiations can be challenging. Buyers and sellers alike feel relieved […]
Buying Become a Victim of Inflation or Benefit from It In inflationary times, currently the highest in 40 years, the purchasing power of your money diminishes each day; essentially, buying you less.  The biggest threat is to be without capital assets, like a home, that are benefiting from the increase in prices. Your money buys less gasoline now, than it did a year ago, by close […]
Buying and Selling Today is a Skills Market In today’s ultra-competitive real estate market where there is only 1.7 months supply of inventory compared to 6 months in a balanced market, and the average home is getting 4.8 offers per sale, it is more important than ever to have the right person “champion” your cause. In the Middle Ages, it became customary for […]
Homeownership Homeownership and the Three M’s                
Taxes Will Selling Your Home Increase Your Tax Bill? With home prices rising 20% nationwide in the past year and in some markets, even dramatically more, many homeowners are excited about the equity in their homes.  In the past, most homeowners were not concerned about profit from the sale being taxed but some may be surprised. The profit homeowners make on the sale of their […]
Buying Buying a Home…Ask for a CLUE Report People purchasing a used car have most likely heard of CARFAX vehicle history reports to help them avoid buying a car with costly hidden problems.  Less likely are buyers to know that there is a way to discover some of the repair history of homes they are interested in. Lexis Nexis C.L.U.E. (Claims Loss Underwriting Exchange) […]
Buying Coordinating the Sale and Purchase of Your Home Usually, it is easier to buy a home than to sell a home but that isn’t necessarily the case currently. In today’s market, it can be scary to sell your home before buying another because you could find yourself without a home. Most sellers will not accept a contingency on the sale of a buyer’s […]
Buying A New Opportunity for Homebuyers You may not have heard of anyone assuming an existing mortgage for over thirty years and didn’t know they were even possible any longer.  The reason is simple, it didn’t make financial sense but now that interest rates are increasing, it may be an opportunity for some homebuyers. Conventional loans added clauses to mortgages back in […]
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