Recently, my car insurance nearly doubled. No, I didn’t have an accident or get a ticket. I was up for annual renewal, and the algorithm at the company changed. My heads-up insurance agent noticed the change and moved me to another company. With the change, this year’s car insurance will be about $150 less than
It is not obvious what stays and what goes, when someone sells a house. This is a big enough problem that Realtor.com sent one of their reporters out to find stories about it. The reporter was looking for spiteful sellers who took fixtures. They thought I might know, and interviewed me. In the fifty-or-so years
Private mortgage insurance (PMI) is an additional fee that borrowers who don’t have a 20 percent down payment must pay. It insures the lender, not the borrower. The lender’s costs to foreclose and resell the property could be more than the amount the borrower put down, initially, unless the lender has 20 percent up front.
June is a traditional time to get married. I recall one year, I had the pleasure of attending three weddings in a single season. Only one of the couples was seriously discussing buying a house soon. At 4 Buyers Real Estate, we often get calls from prospective buyers that require the immediate response “Congratulations!” They
“Did you know that if a seller receives only one offer on your property, that the probability that it will close is 90 percent. If a seller gets multiple offers, the probability that it will close is only 50 percent….” I heard this statistic in a negotiating training run by Bernice L. Ross. I queried
Spring real estate market Here's what we're seeing at 4 Buyers Real Estate. Our clients continue to buy properties, even against competition that is willing to waive their rights to a home inspection or a mortgage contingency. (That contingency allows buyers to get their deposits back if their mortgage is delayed or denied.
Sellers have the advantage in this market. My office and I work hard to do everything to keep our clients informed. We use every tactic we can find to give our client the best advantage over other buyers in a bidding war. In order not to grossly overpay or buy without rights, our clients will
Long before you apply for a mortgage, it is a good idea to check your credit score. Credit scores determine if you qualify for a loan and the rate you pay for your loan. If your credit score is low, you may not be able to get a mortgage, even if you have the down
Here’s a quick primer on how to read the Multiple Listing Service (MLS) and alternate real estate listing sites. Most of my clients “web around” to sites like Trulia and Zillow to look at images of properties for sale. We create customized searches with our database, but the raw data is out there for everyone
In real estate, not every year is the same, but there’s a pattern. By July, the number of new listings has declined, but demand also goes down. Then, in September – normally -- some more properties come up for sale because sellers try to sell in the fall, before the “dead” winter season. The spring