K asked: I'm looking at house-buying on a 3-5 year timetable, ideally in Camberville or neighboring communities; watching companies like GE move into the area and biotechs and internet companies continue to expand in Kendall Square; and curious to take the temperature of the market, from someone who's closer to it than I am, in
Mortgage underwriting change. What does it mean to you? There’s a new version of credit analysis that will be part of the approval process. Changes will start having an effect when the new Fannie Mae Desktop Underwriter* launches June 25th. It will allow lenders to discern between applicants who carry balances on credit cards vs.
Ron Rothenberg 4Buyers Real Estate I’ve had a new energy-saving device for over a year, and I love it, and it has more than paid for itself a few times over, and it only cost me $20.00 at the Mass Save store website. It’s an Evolve showerhead, and it saves energy and solves the problem
What is good about distressed properties: In a market where prices are this high, any discount is a discount. What is wrong about distressed properties : Many conditions of these sales require that you give up your right to inspect, your right to get your deposits back, and any leeway for delays in your financing. The
A couple of weeks ago, James Morrison at Banker and Trademan asked me for a video interview about the seller's market. He was hearing a lot of celebration because volume (number of sales) and price are both up in our area. He wanted to know how an exclusive buyer's agent sees the seller's market. https://vimeo.com/152736383
It is so easy to use a tiny sample and a hyperbolic headline to prime potential buyers to get ready to buy desperately. Don’t fall for it! Real estate owner-favoring propaganda is alive and well, and not frozen-over for the winter. Recently, an article appeared online with the title, “Five Somerville 1-BRs You Can Buy
How well do exclusive buyer’s agents do, in the face of a tough seller’s market? Here are results for the hardest seller’s market we have faced, ever! Our report card for the first three quarters of 2015: No clients waived their home inspections in order to buy a house. No clients waived mortgage contingency unless
When there is a yellow sticker like this on a hot water heater, it means that the unit has been replaced under warranty. That's good news, right? Wrong. If the unit was replaced, there is no warranty on the replacement unit. If you buy this house, you will not get a new hot water heater
There is a lot to be said about Thanksgiving. However you look at it, the gratitude part will do you some good. Then, you are encouraged to spend your money on Black Friday, the shop-‘til-you-drop event in many retail areas. Since 2005, there is also Cyber Monday when on-line outlets post discounts to draw more
The national survey numbers on real estate prices for the third quarter of 2015 are here on theis chart. Notice the bubble lines on the three levels of composite indexes that FNC creates. They are pretty pronounced. All lines are headed upward. Yet, we are nowhere near the top of that bubble, on average. The