real estate attorney: First Time Home Buyers
- 03/30/08 02:01 PM
This post is designed for those potential buyers that have been looking but have yet to "pull the trigger". While the media keeps everybody thinking that the economy is aweful, lets think about some important points. 1)If you are planning to buy a home that you plan to live in for a while, it does not matter if the market is a little soft. 2) Some commentators have talked about the "perfect storm". This could be the perfect opportunity. Prices are down adn interest rates are low. If there any reason not to buy now? I think not. 3) The bottom line is the … (3 comments)
real estate attorney: Real Estate Closing Process
- 03/24/08 10:29 PM
We in the industry often forget that a lot of people are new to the closing process. It is with that thought in mind that i write this. I will start at the beginng, with a buyer finding a house. When the buyer finds a house they like, the first step is to put in an offer. It is important that the offer be as specific as possible. Some courts have held that an offer that is accepted is binding even without a purchase and sales agreement. If the offer is accepted, the next step is a purchase and sales agreement. … (0 comments)
real estate attorney: JP Morgan Purchases Bear Stern
- 03/16/08 01:00 PM
So JP Morgan has purchased Bear Stern. Think about late last week. The Fed pushed JP Morgan to be the conduit to allow Bear Stern not to fail. This without any down side for JP Morgan. Now, they purchase Bear Stern for 2 dollars a share. At the same time the Fed lowers the Discount Rate 25 basis points. We must say the Fed is trying as hard as they can to find new ways to counter this crisis. Will they be successful? Only time will tell. They are certianly trying some out of the box thinking. Hopefully, the market can help … (0 comments)
real estate attorney: Where is the purchase market going?
- 03/01/08 11:33 AM
After having numerous conversations with a number of Realtors, Loan Officers, and others in the industry I have come to the "conclusion" that the purchase market is going to increase in the spring. The realtors I speak to insist that there are a large number of buyers waiting to buy. As I have written in the past, it is not possible to wait for the bottom of the market. ALthough I did have a coment who insisted that he could see the bottom of the market and would be the won who could make money because he had cash. I wish him … (0 comments)
This post is designed for those potential buyers that have been looking but have yet to "pull the trigger". While the media keeps everybody thinking that the economy is aweful, lets think about some important points.;)
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