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financing: Adapting to the New Real Estate Industry - 06/01/10 02:10 PM
As things change, we must learn to adapt. Now that the tax credits have ended and probably will not be renewed, it is a good time to learn to adapt to the new real estate industry.
The up-front mortgage insurance premium of FHA loans went from 1.75% to 2.25%. FHA announced that it was reducing the seller allowance from 6% to 3% earlier this year, but they have not announced a date that it will go into effect. However, fellow agents, this is a window of opportunity for you to start talking to buyers and sellers while they still exist.
If … (2 comments)
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Vicki Lind
Lake Havasu City,
AZ
More about me…
Keller Williams Realty
Office Phone: (928) 486-6227
Email Me
Vicki Lind’s Lake Havasu City Blog will present community information, new and events for Mohave County communities of Lake Havasu City, Lakeridge Estates, Canterbury Estates, Sun Lakes Village, Desert Hills, Havasu Heights, Havasu Foothill Estates, The Refuge, Horizon Six, Mohave County and the Golf Course Communities of Nautical Estates, The Refuge and London Bridge Golf Course. You will also find periodic real estate market updates, real estate tips for buyers and sellers as well as current market conditions and real estate news on a local and national level.
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