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Buyer Beware!!! – $8,000 Tax Credit?
UPDATE: signed and passed 2/17 at $8,000. See more details here. Original post below does not indicate the change to “must not have owned a home during the last 3 years” which was added to the final bill before it was passed. ********* If you are currently in the process of buying a house, be aware that... »
“Over-priced” Houses That Don’t Sell
As I wander through the various message boards, I often read about people’s frustration regarding “over-priced houses that can’t possibly sell”. To a buyer who likes the house, and is waiting for the price to be within reason, this can be very frustrating. What they fail to understand is that every house that is for sale,... »
Warning to Thurston County agents – and this goes for FSBO folks too…
February 25, 2008. The NWMLS has received information (Thurston County area) concerning a male individual who looked at homes with an agent — all of the information he provided about himself and his employment was false. He claims to be a buyer’s consultant with the Federal Government, a PhD in Physics, his wife a... »
Safety can’t be stressed enough for agents and sellers of property….
Safety is always a concern of mine for both me, my team, and my clients. Oddly enough, agents work in a profession where we and our clients are frequently targeted for a variety of opportunistic crimes such as burglary, assault, rape, and murder. Recently, notices went out from our local MLS letting... »
A Seller’s Guide to FHA
FHA insured mortgages have received a stigma in past years for creating a challenging transaction. Sellers seem to prefer conventional financing, even subprime financing, over an offer with an approved FHA buyer. The Federal Housing Administration was established in the 1930s following the Great Depression. These innovative low down payment loans were intended to help more people become home owners with... »
Bribery to Work with the Builder’s Preferred Lender
When ever I’m working with a home buyer who may be considering new construction, I know I might lose them to the builder’s in house lender. Often times the builder will offer an enticing credit to the buyer’s closing costs only if they obtain their financing from the builder’s preferred lender. How can having a Loan... »
The Perennial Borrower
It must be since we’re just a month past the holiday spending, and the credit bills are rolling in, that I start to receive a couple frantic phone calls from clients who say something along the lines of “I know I told you that I would get my act together last time, but.…” It bothers me... »
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