‘Tis the Season to Sell a Home! 1. Fewer Showings – Yes, there are less buyers, but those buyers that are left are usually very serious about making a purchase. 2. Less Competition – Most people wait until spring and summer to list their home, which means during the winter you will have far less competition than…

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Research, Research, Research! 1. Check Megan’s Law databases & call the local police department for statistics. 2. Is the area recession-resistant? Hardest hit areas with good deals may take longer to see value increases. How long are you planning keeping the home? 3. Does the neighborhood reflect your lifestyle? Do you look for museums, parks, restaurants, easy…

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FHA has changed their requirements for approving complexes for financing. If the complex is not approved this means you or your buyer cannot get FHA lending which in turn leads alternative financing with a higher down payment requirement. The new FHA rules focus on budgets, reserves and insurance. FHA states this is to avert losses from delinquencies and foreclosures but it…

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The 20 percent proposal is alive but groups are still trying to bury it. The higher initial equity the lower the probability of foreclosure is the belief.  The proposal to require 20% down payment on all mortgages is most likely be pushed back until after the next election.  Analysts estimate this could prevent up to…

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