There are no great surprises in the National Association of Realtors® 2009 Profile of Home Buyers and Sellers, but, as in the past, the annual survey contains information useful both for consumers and for brokers and agents. The survey consisted of an eight-page questionnaire sent to 120,038 consumers who had purchased a home between July […]
Entries Tagged as 'Buying A Home'
LOTS OF USEFUL INFORMATION CONTAINED IN 2009 SURVEY OF HOME BUYERS AND HOME SELLERS
November 29th, 2009 · No Comments
Tags: Home Buyers · Home Sales · National Association of Realtors · Buying A Home · NAR · Bob Hunt
MOVE-DOWN BUYERS CAN BE ELIGIBLE FOR TAX CREDIT TOO
November 23rd, 2009 · No Comments
Move up, move down, move sideways; it just doesn’t matter. Whichever direction you move, financially, you may still qualify for the new tax credit available to current homeowners. It is unfortunate that the credit has too often been characterized as a credit for “move-up” homeowners. The phrase carries the implication that the new home must […]
Tags: Home Sales · Home Buyers · Buying A Home · Bob Hunt · Home Buyer Tax Credit
DEED FOR LEASE PROGRAM IS ANOTHER ATTEMPT TO MAKE THINGS BETTER
November 9th, 2009 · No Comments
The world has not turned completely upside down, but, believe me, it is leaning precariously. Remember all those programs that were designed to turn renters into homeowners? Now we have a program to turn homeowners into renters! I refer, of course, to the Deed For Lease program rolled out by Fannie Mae on November 5, […]
Tags: Home Buyers · Home Sales · Median Prices of Homes · Buying A Home · Loan Modifications · Bob Hunt · Fannie Mae · FNMA · Foreclosures
HELPFUL TIPS FOR REO AGENTS TO ENSURE A SMOOTH CLOSING
November 5th, 2009 · 1 Comment
Everyone knows the market has been flooded by Real Estate Owned (“REO”) Properties. The challenge for real estate professionals today is not just to get the REO business but also to provide a level of service to their clients that ensure the property will close on or before the close of escrow date. One of […]
Tags: Home Buyers · Ryan P Spitalnick · Escrow · Buying A Home · REO's · Foreclosures
Getting Ready To Buy Now?
October 2nd, 2009 · No Comments
If you are thinking of buying a home now for any reason, be like the Boy Scouts and be prepared. Yes, Real Estate Agents, Lenders, Attorneys and Accountants are there to guide you, but the ultimate responsibility is yours when you make a big commitment like buying a home.
1. Check with at least two lenders […]
Tags: Buying A Home · Escrow · Duane Gomer · Disclosure · Purchase Agreements · The Market
Why Is Now A Great Time To Buy Real Estate?
October 2nd, 2009 · 3 Comments
Let’s discuss two California families and the real estate market. We’ll call them Able and Baker.
Able sold a home at the top of the real estate market for $500,000 and bought a new home for $800,000, paying 10% down and getting a new adjustable rate mortgage for the remainder. Baker stayed in their existing $500,000 […]
Tags: Buying A Home · Duane Gomer · Tax Credit · The Market
REALTOR® SUED FOR MISRPRESENTATION WHEN ASSESSOR’S RECORDS ARE INCORRECT
September 21st, 2009 · 3 Comments
There’s really nothing for real estate agents and brokers to like about a recent case brought to our attention by the legal department of the National Association of Realtors® (NAR). Bowman v. Presley arose out of a 2005 transaction that took place in the state of Oklahoma. The ruling came down from the Oklahoma Supreme […]
Tags: Misrepresentation · National Association of Realtors · Appraisal Reports · Appraisals · Buying A Home · NAR · Purchase Agreements · Disclosure · Bob Hunt · The Market
CALIFORNIA REALTORS® OFFER MORTGAGE PROTECTION –PLAN FOR FIRST-TIME HOMEBUYERS
June 15th, 2009 · No Comments
Buying your first home can be a nervous-making experience under the best of circumstances. These days, though, there are extra reasons to be concerned about one’s abilities to make the payments. Just look at the unemployment numbers.
The California Association of Realtors® (CAR) has introduced a program designed to help allay the exacerbated worries of […]
Tags: Mortgage Funding · Buying A Home · Mortgage Application · Mortgage Lending · CAR · Bob Hunt