Highlighting 5 of the greatest waterfront/riverfront cities in the world, albeit there are plenty to get excited about, we are choosing 5 greats you will want to become more acquainted with.
You may be wary of either buying or selling a home in today’s market. You may feel powerless to the process. How could YOU possibly know whether the current good news about housing will continue? There is no doubt that today’s real estate market is extremely difficult to navigate. [Read more…]
Our average number of days on the market went from 30 days to 7 days or less.
While overpricing to some degree can be beneficial, you’ll still want to be careful and avoid pricing your home too high, which almost always is nonproductive.
As you work with your agent and set your price, you’ll want to recognize the factors that may prompt you to raise your asking price too much when it isn’t warranted. Some of those factors include: [Read more…]
FHA has a three year wait period for borrowers who were in default at the time of the short sale (or pre-foreclosure sale). If the borrower was not behind on mortgage payments and installment debts at the time of the short sale and for 12 months preceding the short sale, there may be no waiting period. (The latter is very difficult to accomplish)
FHA tends to be a popular option as the minimum down payment is currently 3.5% and FHA is more forgiving with credit than Fannie or Freddie.
Fannie Mae has various wait periods depending on loan to value: [Read more…]