Housing Market

Giving your Home to the Lender: the Smart thing to do?!

When you bought your home you were making one of the largest business decisions of your life. The Bank / Lender who did the financing of the property made a business decision as well: to make that loan to you for a profit! Thanks to our government (You, the tax payers), the banks are still making astronomical profits today. The only observable difference... [Read more of this post]

Open Houses Work

A lot of work goes into preparation for an open house but it is all worth it? Positioning a home to be at its peak condition increases exposure and with that the potential for sale. Many times I’ve heard homeowners lament, “This place has never been this clean.”  And of course they get to enjoy the “freshening” of their home while it is for... [Read more of this post]

Adding Equity without added Expense

Can you accelerate adding equity to your home without spending a single extra dollar?  Yes it is possible and here is how:  You will need to know the purchase price of your home, how much you put down and how much you financed.  If you have a single mortgage and you are paying MIP or PMI (mortgage insurance) identify who you are paying it to.  If... [Read more of this post]

Let’s Burn the Mortgage

Generally Buyer’s focus on the “Price” of a home and not the “Cost” of a home.  The two major considerations when buying a home are present and future, also called Price and Terms.  Price is that sum which one agrees to pay at the moment of closing.  It is the cash that moves from the Buyer to the Seller in that moment called the transaction. Terms... [Read more of this post]

Short Sales… Don’t Do It!

Short sales in Tucson!  If anyone tells you the lenders have to respond in a given time, DON’T believe it!!!  On April 24th 2010 there was an offer written and submitted to PHH Mortgage on behalf of my client.  According to all the new rules the lender had 21 days to respond.  The listing agent was told, ” We haven’t gotten to... [Read more of this post]

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