short sales: Backup? What Is That? I Can Still Buy This Home, Right???
- 03/14/12 12:22 AM
I think I have explained the term "Backup" more over the last few months than ever before. I have a few buyers that are determined to be in specific neighborhoods, in which the inventory has been dwindling since the beginning of the year. We see a new listing come on the market, get out there that day and find that offers have already been placed! Within days, we are notified that our "great" offer has been placed in Backup. Well, considering we came in very, very close (and in fact, one time slightly above ) to list price, how high was (2 comments)
short sales: FHA? Conventional? Neither? None? And you wanted to buy a condo? Uh-Oh......
- 02/12/12 05:35 AM
"Wow, I'm so excited! I've saved 5% for a down payment, I've been pre-approved and I'm ready to buy my first home! Sigh.....I wish I could be as excited as you are. I wish it was like it used to be - find a home, make sure you are pre-approved for a loan (any type of loan), place your offer, get it accepted, go thru escrow and get the keys - now that was exciting!!! Yes, prices have dropped and yes, there are a lot more homes/condos/townhomes in your price range that are fantastic, better than you had hoped for a (2 comments)
I am a Real Estate Agent and a Buyer, Seller, Investor and Landlord - I will be writing about all factions of this industry.
I also let my thoughts ramble about a lot of different things and so will probably write about those too.