national association of realtors: Contract Cancellations and Delays - What's a Buyer to Do?
- 02/24/12 12:06 AM
Twenty-one percent of the National Association of Realtor members in January reported delays in contracts, and 33 percent said contracts fell through, according to NAR. The number of contract cancellations remains mostly unchanged from December. The increase in the past year of contract cancellations or delays has been blamed on more lenders declining mortgage applications from stricter underwriting standards and low appraisals coming in under the agreed upon contract price. Source: National Association of REALTORS® So what should you do before you buy to avoid a cancellation: Compare the Comps - Check out the prices of homes that are comparable in … (2 comments)
national association of realtors: Million Dollar Properties in Birmingham, AL
- 09/19/11 02:50 PM
According to the National Association of Realtors, the rich have returned to the real estate market and are taking advantage of great deals in luxury homes. According to the Birmingham Multiple Listing Service, 139 homes priced over one million dollars have closed since the beginning of 2011 in the metro area. Presently, there are 32 homes listed on the Birmingham MLS priced over one million dollars. Whether it is location, acreage, a view, architectural design, square footage or pure opulence, Birmingham fairs well when compared with other parts of the country with luxury real estate for sale. The following are … (0 comments)
Christina Rickey, of Birmingham Home Search, is an exclusive buyer agent with 28 years of experience, offers insight into Birmingham, Alabama real estate, news, events, and market updates.
Twenty-one percent of the National Association of Realtor members in January reported delays in contracts, and 33 percent said contracts fell through, according to NAR. The number of contract cancellations remains mostly unchanged from December.
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