Paul's Blog-Insight into the home buying process.

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Market Stats and Trends, Cherry Hill NJ Real Estate - 03/30/08 01:39 PM

I went back 2 years (April 06 to March 08) and looked at sample listing and sold history. The only month within that time frame that more homes were listed than sold was December '06. I don't think that month is meaningful because listings generally are depressed in … (2 comments)

Dual agent or dueling agents? Will your agent duel for the deal? - 03/11/08 07:51 AM

Can you imagine the result if both parties to a proposed duel named the same person as their "second". That, of course, would not do - at all. It would make the second a 'Dual Agent". Since one of the duties of the 'second' is to take the place of the … (14 comments)

How long does it take to look at a house? - 03/08/08 10:43 AM

If you are an agent you know that some buyers take longer than others to look at a house. Also, that some homes (a condo) take less time to look at than others (say a six bedroom victorian fixer upper). Some buyers have to get the feel for the house. They … (6 comments)

Declining markets - fannie mae and FHA - 03/06/08 07:06 AM

Fannie Mae recently issued new rules for declining markets. See: https://www.efanniemae.com/sf/guides/ssg/relatedsellinginfo/pdf/declmktsmaxfinfaq.pdf If your client happens to be buying a home in a "declining market" designated area with a 5% down mortgage product they may suddenly find that they will need 10% down to close. In fact, if the mortgage product is … (6 comments)

Government homes may be a good deal - or not. - 03/04/08 07:44 PM

Often HUD and VA foreclosures are a good deal but they should be looked at with a critical eye. Lots of buyers are ready to pounce on them without looking at other homes on the market...Just because someone got foreclosed and the government ended up with the home does not mean … (2 comments)

Buyer Broker Compensation: why all the confusion - 03/01/08 06:06 AM

There seems to be confusion between Listing office to seller issues (a listing ageement with a beginning and ending date and an agreed upon compensation amount)Buyer to seller issues: (beginning with an offer to sell by the seller and then an offer to buy from a buyer)Buyer Broker to buyer … (0 comments)

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