From our Team Leader: Todd Menard......
Limited inventory has prices increasing. Great time to list a home. New Fannie Mae lending terms announced today allow for use of existing owner occupied residence as rental income removing the 30% equity guideline, also salaried employees now qualify for earnings without deducting 2106 deductions allowing more buyers to qualify. Expect little seller negotiations as the List Price to Sales Price ratio exceed 98%, this however does not take into account page 2 concessions. Buyers need to seek lending pre-approval before writing offers due to the competitive market, this also allows a finance buyer to compete with cash offers, which are not always the best offer to accept. - Todd Menard June 2015
So Enough Said, Call Ed and Tracy for an updated analysis on your property.
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