It’s official. After months of challenging negotiations, government authorities announced last Thursday that they reached a $26 billion settlement with five of the nation’s biggest banks over their flawed and fraudulent foreclosure practices. T…
I began my home search in November 2010 with the expectation that I would find something in six months. After a frustrating experience, I hired a new real estate agent. Things went from bad to worst. Not only did I did not find a house, I even lost my earnest money. I was determined to […]
Sorry it took so long for me to write you to thank you for your help in finding and closing our house on Vail Court, Snellville. We are so happy with the house – and we couldn’t have done it so easily – painlessly – without Duffy’s help – and especially the support and professionalism […]
While both the media and stock investors believe that housing has bottomed, they are unaware of the massive supply of homes that are already in the foreclosure process that will certainly drive home prices down even further when they are sold. We have been projecting a “W”-shaped recovery for some time, and we are becoming […]
Homebuyers contemplating purchasing a condominium should review a long list of documents and other information to make sure that the property they are considering is a solid buy in this challenging market. The following information is a the top of the must-consider list: Budget. Examine the current budget, a year-to-date statement of income and expenses, […]
Top 10 First Time Homebuyer Mistakes! 1.Buying more house than you can afford. Typically, you don’t want your mortgage payment to be more than 28% to 34% of your monthly income. For example, if your monthly income is $5,000, a total mortgage payment of $1,500 will be in the ball park. Of course, you need to include all of your overall debt payments which should never be more than 40% to 45% of your overall bills.
Okay, the numbers show that 97% of the mortgages are being paid. Only 10% of the population have lost their job. Some businesses are doing great. So, when will the consumer confidence come back for buyers and sellers to feel confident about real estate?
A real estate agent according to Webster’s dictionary is a person who is authorized to act as an agent for the sale of land. Well isn’t this funny. Our real estate license says we are deemed to fill in the blanks of a pre-printed contract and to help buyers and sellers with the process of […]