All Posts Tagged With: "Buyers"
A Basic Guide To Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th.
But for those with real estate the load is made lighter by tax rules [...]
New Appraisal Code Should Help Homebuyers
Freddie Mac and Fannie Mae’s new Home Valuation Code of Conduct went into effect as of May 1st, a document which is important to buyers, sellers and lenders.
For a number of years appraisers have reported pressured to meet certain price points when evaluating a home, pressure placed on them by lenders and loan officers who [...]
Existing Home Prices Rose In March, Says NAR
Existing-home sales –- including single-family, townhomes, condominiums and co-ops –- declined 3.0 percent to a seasonally-adjusted annual rate1 of 4.57 million units in March, according to the National Association of Realtors.
Prices
Typical existing homes sold for $165,400 in February, but rose to $175,200 in March, a 4.2 percent increase. However, some of the sale [...]
2009 Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th.
But for those with real estate the load is made lighter by tax rules [...]
Marathon Sellers Race Reality
A new species of real estate owner has begun to emerge: the marathon seller. Maybe you have them in your community, owners who believe in real estate exceptionalism, the idea that their homes are growing in value while real estate prices all around are stalled or falling.
These owners truly believe that somehow their property [...]
Speculator Risk Soars With Home Builder Discounts
If the full-page ads in my local paper are to be believed, new home demand has begun to flag. The issue is not how many units will be sold, rather it’s the way they’ll be priced. Recent ads have offered new home discounts ranging from $70,000 to as much as $100,000.
In many areas across [...]
Is It Time To Dump Home Seller Disclosures?
It’s time to buy and at the magic moment there is an exchange of paperwork.
“Yes,” say the buyers, “we want this house.”
“Fine,” say the owners, “here’s our seller disclosure form written by our state government which requires that we tell you all we know about the property.”
Should not the purchasers feel a wave of confidence [...]
What Is “Buyer’s Remorse” in Real Estate?
Question: Some people get the flu but I think I’ve got buyer’s remorse. We bought a home and now seem uncertain if it’s right for us. Can we get out of the contract?
Answer: It’s entirely common to feel uneasy after making a real estate purchase. Buying a property is a major decision. Not only is [...]
Sellers’ Markets Vs. Buyers’ Markets
Question: People talk about a “sellers’ market” and a “buyers’ market.” How do I know which we have?
Answer: A “sellers’ market” typically refers to a community with strong real estate demand and rising prices. A “buyers’ market” can be seen as a situation where home prices are more “flexible,” an expression which means prices are [...]
How Does A “Buy-Down” Reduce Interest Costs?
With a “buy-down” you have a below-market interest rate (it is “bought down”) because either the borrower or the seller have given additional money to the lender up front.
There are different forms of buy downs, most reduce interest costs in the first few years of the loan. For instance, if you pay an extra 1 [...]
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