Minimum Down Payment & Maximum Seller’s Assist Information Series 1 of 5
Thursday, 05 May 2011
General Information about Seller’s Assist Seller Assist (aka Seller Credit) is payment by seller or builder of settlement costs that are normally paid by the buyer. Any closing costs that are normally paid by the borrower are considered contributions if they are not paid by the borrower. Contributions toward any of the following are included
- Published in Home Buyers
Showing Appointments are up 16% in April 2011 vs. April 2010
Friday, 22 April 2011
April 2010 vs. April 2011: Numbers are louder than words. There are more showing appointments for houses currently on the market in Chester, Delaware & Montgomery Counties, PA, this April than in 2010. Last year, the tax credit drove many buyers out into the market, this year, with no tax credit, homebuyers are still active
- Published in Home Buyers, Home Sellers
Buyers Ready to Snatch Bargains This Spring
Sunday, 10 April 2011
Bargain prices on housing combined with low interest rates below 5 percent may bring the real estate market its busiest spring season in years, economists say. Distressed sales continue to put downward pressure on home prices, which may lure more buyers off the fence and ready to snag a deal during the typical prime-time buying
- Published in Home Buyers
5 Thing that Home Buyers do that TURN OFF Home Sellers
Thursday, 31 March 2011
On today’s market, every savvy seller wants to know what turns buyers off, so they can get their homes sold as quickly as possible, for as much as possible. But buyers, take note – there is a minefield of seller turn-offs you can trigger that hold the potential to keep you from getting the home
- Published in Home Buyers, Home Sellers
Important FHA information for Condos
Friday, 12 November 2010
FHA announced several changes in the Condo Project Approval process. One important change was the elimination of “spot approvals” and that the entire project would have to be approved in order for a unit in that project to receive FHA financing. Another major change that initially many didn’t realize the importance that each project would
- Published in Home Buyers
Timelines for inspection contingency: What are the deadlines?
Thursday, 11 November 2010
Though the revised Standard Agreement (“ASR”) has been available for the better part of a year, there is still great confusion regarding the timeline established in the Inspection Contingency. There are those who insist that when a buyer submits a corrective proposal, the timeline is stretched to 17 days, with no exceptions. This is not
- Published in Home Buyers, Home Sellers
Mortgage Updates
Wednesday, 10 November 2010
Important numbers have been released from the Federal Reserve-first, the lending rate between banks will be held at 0 percent to 0.25 percent. Second, the Federal Reserve announced they would going to put even more money into our sluggish economy. The Federal Reserve will purchase an additional $600 billion in long-term Treasury bonds over the
- Published in Home Buyers
4 Must Know’s about foreclosures
Wednesday, 20 October 2010
4 Must Knows for buyers who are in the market for a foreclosure property
- Published in Home Buyers, Home Sellers