It has happened frequently over the last couple of weeks so I figured it was a good time to rant a little bit about some of the appraisals that came in over the last couple of years, not on purchase loans, BUT ON REFIS !!! Yesterday I had a listing appointment for a small 2-bedroom property that
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07/23/2008
The next couple of days will certainly be interesting for the housing market. Today, Congress will be voting on the housing bill. There is a lot of talk about the housing bill, but one part of it that does not get a lot of discussion is the potential for the $8,000 tax credit for new home purcha
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07/22/2008
I just got a phone call an hour or two ago from an agent who had a question about a bizarre smell in the back patio of condo we have on the market and was wondering if anyone else raised the issue ?? (Of the 10 unit building, we have sold 7 and have not heard anything about a smell.) Earlier tod
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07/22/2008
The theory is pretty simple. If you would have another chance to invest in Northern Liberties 10 years ago, would you ? If so, you would do what I would do, get liquid and buy everything in sight !! My wife and I now own 2 properties in Northern Liberties but we have only owned them for 4 yea
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07/21/2008
It is a compliment to a certain extent to be solicited by mortgage professionals in the area as well as various title companies. It has always been a relatively consistent stream of calls here and there but in the last couple of weeks and months it has picked up. It is kinda annoying during a bu
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07/21/2008
I was watching the Fox Business News station last night and there was a segment about stocks vs real estate - "which to own now and which will rebound first". The "pundits" all had there answers and there was a lot of dialogue but no one, in my opinion, got the right answer. The right answer is o
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07/19/2008
62 N FRONT ST Asking $794,900 Welcome to the best value in Old City !!!!!! This condo is $315 per square foot and the monthly condo fees are a mere $160/month! Boasting its 2,520 square feet bi-level design, this 2 bedroom has 2 full baths and 2 powder rooms. Contemporary features: wide plank
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07/19/2008
I remeber several years ago when I received a call from a local Countrywide mortage person who said "Chris, we have a 100 percent financing program for investor programs." At the time, I thought that to be interesting but at the same time I asked myself "how can that be ? " And even asked the s
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07/19/2008
Meet Charlie - He is instrumental to our success and has a strong work ethic. He constantly prowls around the home office thinking of the real estate market and admiring the furniture. In this photo, he says he is searching the comptuer checking out our website www.thesomersteam.com . I am not
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07/19/2008
I woke up this morning with a smile - it is a special day - a day of reflection and a day of gratitude. On this day I met my wife Stephanie and also on this day, a year from when I met her, I proposed to her. She has changed my life in so many ways it is amazing. I could go on and on about that
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07/17/2008
