James Gibson's (mango) Blog

I can not speak for the entire nation, but for the Denver Metro area it is a great time to buy! I have influenced several clients to start looking because the prices can't be beat. I have found bank owned units that are ridiculously priced and some which are in fantastic shape, some need a bit of...

Recently I showed a client a duplex and as it turned out it was a modular duplex that my buyer really wasn't interested in. I left feedback and teasingly told the selling agent she would have her hands full on getting a modular duplex appraised. Her return e-mail adamantly stated it was not a mod...

You would think that FHA would finance HUD sales regardless of condition, however, some HUD homes don't qualify for FHA financing. If HA won't finance their own why would anyone else. Biggest reasons homes don't qualify for FHA financing - Bad roof, peeling paint (1978), missing fixtures, missing...

I was recently present at a home inspection when the inspector told the potential home owner that they needed to get a certification on the roof and to have the furnace inspected by a HVAC professional and I couldn't help but thinking what is she paying you for?  The inspector I use will tell me ...

When your seller/buyer pays or accept concessions it effects the market.  Appraisers remove concessions paid from the sales amount of a property when they use that property as a comparable, even if it is rolled into the loan.  So if concessions are typical for your neighborhood (say the neighborh...

I have noticed in my area that REO properties are being placed on the market at unusually low prices which is great except for the fact that now you have 8 offers on the property and a highest and best counter from the bank.  I wonder if this is a plan by some banks to creative bidding or are the...

I have a real quick question for anyone in Colorado, or anyone who has the knowledge to answer.   When you counter an offer to purchase, you (selling agent) need to submit the counter proposal and the signature page of the original contract with the countered box check and the initial space initi...