Friday, December 28, 2007
The many bankruptcies occurring across the US due to strange and unusual mortgage practices have caused many banks to shy away from adjustable rate mortgages.
Is a fixed rate mortgage the best choice for you? Maybe not.
Sunday, December 23, 2007
If you really need small payments to make your home buying possible, then you could consider an "interest only mortgage."
This works by allowing the buyer to make interest payments only for 5-10 years. No principal is paid off during that time.
Read more about this here:
Saturday, December 22, 2007
At first my real estate agent hooked me up with a mortgage broker she knew. At the first and only meeting with him I felt we had a personality conflict. I would never let that end a business relationship but the next day I stopped by my bank to make a deposit. I saw the mortgage officer sitting in her office so I walked in and said hello.
She was very gracious and treated me more like the good customer I am, unlike the mortgage broker. She was very aggressive about wanting and getting my business. Within a week I secured my rather hefty mortgage with my banker. She is happy and I am happy.
Read more about mortgage brokers here:
When I think about it, I like to do business with people I like. I did not know either the broker or the banker. But I liked the banker and, frankly, I disliked the broker. I felt that my banker listened to me more carefully and she wanted my business more.
Friday, December 21, 2007
This is a benefit for the consumer.
Read this to learn how it is done:
Tuesday, December 18, 2007
This is not surprising since agents spend almost all of the time working directly with their clients in a very personal manner. The Internet is very impersonal and not at all what a good real estate agent can learn quickly (nor anyone else for that matter).
Read The Truth About Real Estate Agents and The Internet for some valuable insights.
Thursday, November 29, 2007
Phoenix, Las Vegas, south florida and the Central Valley in California will fall behind in the recovery. Phoenix has 55,000 listings, the highest ever.
What I am reading tells me that there is still plenty of time to shake out good deals for houses IF you can get a mortgage.
I am also seeing many homes being taken off the market. The owners just don't want to put up with selling their homes over the Christmas season. Look for a ton of listings in Spring 08 but maybe even fewer sales compared to Spring 07.
If you don't have to move, DON'T!
Looking for house in Coastal California? Contact me and I will help you. If you want to learn more about the new trend toward real estate rebates, visit:http://www.flatfeerealestateguide.com/
Wednesday, November 28, 2007
We bought a beautiful home in a newer subdivision for $560,000. The house was listed last year for $660,000. I felt that the price we bought it for was a bargain even though it may still drop some in 2008.
Paso Robles is midway between San Francisco and LA. We visited relatives in LA last weekend The drive took 3 hours each way.
Looking for house in Coastal California? Contact me and I will help you. If you want to learn more about the new trend toward real estate rebates, visit:
Friday, July 27, 2007
With the internet came change. BIG change. The real estate industry is not immune to evolution.
My good friend, Bill Brynelsen in Spring Grove, Illinois, was the subject of attacks from traditional real estate agents for the past two years. They would not show his listings. They made threatening phone calls.
But Bill persevered. I encouraged Bill to continue when he felt beleagured and tired. I knew that one day word-of-mouth would put him in the driver's seat.
That day has come.
Bill is so busy selling houses and paying rebates to the buyers that he needed to put on help.
How is your rebate business doing?
Add your business to my new site at no cost: