As a buyer or a seller, the appraisal is one of the key parts in the home sale transaction. If you’re the buyer, you have to get an appraisal to get a loan. As a home seller, one of the key stumbling blocks on the sale is having the home appraise for the selling price. What happens when the home does NOT appraise for at least the agreed upon sales price? Are there any options? [Read more…]
Spring/Summer of 2013 is turning into one of the most frustrating home buying seasons for buyers. Low interest rates, super low housing inventory, and incredibly hyped media reports are making it hard for willing buyers to successfully get into contract on a home. If you’re frustrated at the whole process, and believe your current efforts are futile, I have a few suggestions. These tips are no guarantee you will be successful, but it will help you be competitive on all of your offers. [Read more…]
Some people call them offer cover letters, while others use the more endearing term “Dear Seller” letters. It’s a letter (or email) that accompanies an offer, where the buyer attempts to summarize why their offer is awesome. I have been using it on all of my offers since I started in real estate, but it has grown in popularity in today’s competitive market. Here are the components of a good “Dear Seller” letter. [Read more…]
We love infographics here at MPR. Actually, who doesn’t love infograpics. Our crack marketing department decide to take a stab at our very own. Here’s a graphical representation of the home buying process. The steps may be a little different in various part of the country. However, it provides a nice, general flow of the process. We would love your feedback!
Most people have a general idea on the expenses associated with buying a home. However, they have no clue on when they are going to have to actually “dish” out the money. Let’s lay it out. [Read more…]