buyers: Failure to shop around for a mortgage can cost buyers $$$$$....
- 11/28/12 09:35 AM
Survey: Borrowers Fail to Shop Around for Mortgages Daily Real Estate News | Wednesday, November 28, 2012 More borrowers could be able to snag a lower mortgage rate -- and save lots more money on their mortgage costs -- if they would shop around, according to recent data from Fannie Mae’s November National Housing Survey. By not shopping around for a mortgage, borrowers often end up paying $1,000 or more in closing costs and may not get the lowest mortgage rate that could unlock savings for the life of the loan, according to the survey. The survey showed that nearly half … (2 comments)
Today’s market is very complex and the first-time home buyer keeps losing out to investors.
For a cash buyer: If I am working with a cash buyer I find out upfront how much capital he has to invest in the property. Then I pull REO (foreclosure) comps in his market area to get the Sale Price to List Price % and then work his budget into the equation. This way he would be making offers on properties that he can compete with … (0 comments)
buyers: Do buyers need real estate agents?
- 03/30/11 07:31 AM
Yes. We are not just a glorified door opener. We ensure and protect the Buyer's interest during the whole process of the purchase. Buyer's need to understand we are here to make the process flow seamlessly, til the day they move in and the key to this, is to find a Buyer's agent who you feel is the right fit for you and stick with them... Hoping from Buyer's agent to agent will not allow you to fully see the true benefit of working with an exclusive Buyer's agent. This is a great overview of the duties of what a Buyer's agent … (3 comments)
I recently was completing a walk-thru on a property where I was the listing agent. I met the Buyers agent and the buyer at the property and to my surprise.... This Buyer was with a 3-inch binder in hand and her checklist. She had request after request. Now, get this... I cannot believe what this Buyer asked. To keep this blog entry short I will tell you about the two requests that stood out... One of which, I will never forget...
1st Request Buyer asked for myself to climb a ladder to the second floor of … (16 comments)
Survey: Borrowers Fail to Shop Around for Mortgages Daily Real Estate News | Wednesday, November 28, 2012 More borrowers could be able to snag a lower mortgage rate -- and save lots more money on their mortgage costs -- if they would shop around, according to recent data from Fannie Mae’s November National Housing Survey. By not shopping around for a mortgage, borrowers often end up paying $1,000 or more in closing costs and may not get the lowest mortgage rate that could unlock savings for the life of the loan, according to the survey.
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