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buying a home: 7 Ways to Steer Boomerang Buyers Back to Homeownership
- 06/26/14 02:18 AM
“Boomerang” buyers are those who had lost their eligibility to own a home because of a foreclosure or short sale, but are once again eligible to enter the market. At the start of the housing bust and through 2013, there were more than 5.3 million homeowners that lost their home because they were unable to afford their mortgages. Fortunately, many of these buyers have sat on the sidelines long enough and can once again qualify for an FHA loan.
According to CoreLogic, at least 3.4 million of the U.S households that fell victim to the housing bust have waited the mandatory … (0 comments)
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buying a home: Why Your Clients Should Always Know the Value of Their Home
- 02/26/14 09:52 PM
Do your clients know the value of their home? As a real estate professional, you've seen firsthand the impact an appraisal can have on the value of a property when it’s brought to market. Unfortunately, many homeowners, especially first-time buyers, do not understand how much an essentially “educated guess” can either increase or decrease the expected value of their home.
From unpredictable activity in the local housing market to an unforeseen foundation problem, the fluctuation of a property’s value can become quite confusing for the average homeowner. The good news is that they have you! You’re the local expert, so it’s your job to emphasize how important it … (2 comments)
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“Boomerang” buyers are those who had lost their eligibility to own a home because of a foreclosure or short sale, but are once again eligible to enter the market. At the start of the housing bust and through 2013, there were more than 5.3 million homeowners that lost their home because they were unable to afford their mortgages. Fortunately, many of these buyers have sat on the sidelines long enough and can once again qualify for an FHA loan.
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