Lender

Eight Tips to Win the Day in Multiple Offer Situations

In the competitive environment that we find ourselves in today, make your real estate purchase offer stand out.  Inventory levels of residential homes for sale are at an all-time low with absorption rates in most price ranges, way down.  Many sellers are now entertaining multiple offers on their properties and can afford to be choosy.

To help you get that perfect home, here are eight tips to consider when drawing up your agreement:   Continue reading →

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But I Thought an Appraisal and Home Inspection Were the Same Thing?

appraisal-vs-home-inspection

I am often asked this question by both buyers and sellers.  Buyers wonder why they are paying for two different reports that they think are the same thing.  Sellers question why an appraiser didn’t find a deficiency in a home that the home inspector did.  The best way to start this discussion is to define the purpose of each document and for whom it is being prepared Continue reading →

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How Much Money Do I Need to Buy a Home?

Of all the questions agents get from consumers, this is the one that tops the list.  It’s also the one that’s botched by more agents than any other question.  Here are some answers that I’ve heard over the years:

“You’ll need about 6% of the sales price.”  (Translation:  I would prefer to give you a round number because I don’t want to spend time with you and find out about your financial position and circumstances.  Oh yeah – – – I also really hate math.)

“That’s really tough to say.”  (Translation:  I really don’t understand the costs myself so I’ll just tread water and hope you don’t ask again.)

“Let me hook you up with a lender.”  (Translation:  See previous translation.)

“Let’s plug some numbers into the computer and see what it says.”  (Translation:  The computer god knows all.  Did I mention that I really hate math?)    Continue reading →

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