Offer
Can Seller Concessions help me buy a home? Seller Concessions are a set dollar amount or percentage of the purchase price that a seller agrees to contribute to you, the buyer, towards your closing costs. This can help to either lower the amount of money needed to bring to the closing table, or sometimes allow [...]
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Pre-Approval Letter – Essential To Purchase A Home In today’s purchase market, the Pre-Approval process and what we call having The Letter is important in how it relates to you, the prospective home buyer. This process helps you prevent the swing and miss at buying the home of your dreams. A Pre-Approval Letter simply states [...]
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We are seeing a number of Pre-Approved buyers who placed offers losing out to competition. Here are the some of the tactics that buyers and agents were considering when placing an offer. 1) Conventional Loans are more appealing than FHA ► This is not the case. The house is either in good shape or it [...]
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The chief economist for NAR has recently sighted that contract failure rates have hit a staggering 33%, up from 18% the prior month. NAR claims the main reason for this is due to declined mortgage applications and appraised values. This is not making any sense to us as lending guidelines continue to open up making [...]
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Despite all the buzz around refinancing and the HARP revisions, people are still out there buying houses in Michigan. Purchase inventory in Metro Detroit is down 28% compared to this same time last year MBA numbers show purchase applications have hit a 15 yr LOW! Multiple offers are becoming more common and are received right [...]
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Buying or selling a home in today’s market is a difficult process all by itself. Choosing a realtor with the ability to negotiate and understanding how important timing can be has never been more important than now. Here are some great reasons why you should use a professional realtor when buying or selling a home. [...]
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