Tips to Help Buyers Successfully Navigate a Hot Real Estate Market

If you have spent more than a day or two looking to buy a home, it’s no surprise that your bargaining power has probably never been lower than it is now. The number one tip that you should be following is to be patient. Don’t expect to have an offer accepted on the first house

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First-time buyers have snapped up more than 985,000 homes so far this year

Home sales might be slowing down, but that’s not the case with first-time buyers according to a new report by Genworth Mortgage Insurance.

Subject to Deals – Answering Seller’s Questions

When you make a subject to existing financing offer to purchase a home, it’s important to make sure the seller understands how this type of deal works. First, the seller needs to understand that his or her mortgage is going to remain in place but you’ll be taking over the payments. You’ll also be making

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Will The Zillow-Trulia Merger Bring Much Needed Innovation To A Stale Real Estate Industry?

The traditional real estate industry, like book publishers before them, think they are too powerful to be run over by upstarts like Zillow and Trulia. But the reality is, the internet long ago changed the playing field for the real estate brokerage industry.

What Makes A “Great” Real Estate Agent?

In response to several comments and requests I’ve had recently, I’m going to address a topic that is a big issue for real estate buyers and sellers. Specifically, what – beyond the generic answers – what makes a particular real estate agent “great” and therefore a premier choice for a buyer or seller? photo credit:

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Not Buying a Home with $200,000 in Student Loans

Shane McClelland is a 27 year old divorce attorney in Columbus, Ohio. He graduated from law school two years ago and set up his own law practice. He considers himself among the lucky Millennials because he can afford to rent an apartment instead of having to live with his parents well into his 20s as

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Structuring a Wrap Around Mortgage

Buying an investment property “subject to the existing financing” has appeal for several reasons. Today’s strict mortgage qualification requirements are one of them. If an investor has a blemish on their credit history, he or she will likely be denied a new mortgage for a house they want to purchase. Banks have also tightened their

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Lease Options – Low Cost / Low Risk Investing

For beginners and experienced investors alike, lease option investing is one of the lowest cost and lowest risk ways of investing. There are several versions of lease option investing. Here I deal with what is known as the sandwich lease option.

Skip the Prelisting Appraisal; Hire the Appraiser as a Consultant

Should a home seller get a pre-listing appraisal? Only if its usefulness is kept in context, otherwise, it’s likely to be a waste of money. As both an active certified appraiser and associate broker I always try to find why the question was asked before answering it. Many times, having an appraiser as a “consultant” is far better than having them complete just an appraisal.

Why Is a WDI Report Necessary?

The Wood Destroying Insects (WDI) report, which may also be referred to as the NPMA-33, is commonly ordered during a real estate transaction, and is an essential part of any prospective buyers checks to ensure that the home in question isn’t suffering from any infestation problems.

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