by kramoltz@hotmail.com | Jul 20, 2020 | Home Buying, Selling Your Home
Market Data Approach. This approach, also known as the comparable sales approach, is used when the property being evaluated is similar to and can be compared with other properties that have recently sold in the area. This is the method used for residential properties,...
by kramoltz@hotmail.com | Jul 16, 2020 | Home Ownership, Mortgages + Lending
Reverse mortgages are a way for homeowners 62 and older to convert the equity in their homes into cash. These loans create cash flow to pay financial obligations when the owner doesn’t want to sell the home. The amount of a reverse mortgage is based on the equity or...
by kramoltz@hotmail.com | Jul 13, 2020 | Animal Stories (mostly Dogs in the Military)
In a recent Iowa case the buyers found 2 large bull snakes in their new home on moving day – one on top of the downstairs bar (perhaps waiting for happy hour?) In the next year the buyers found up to 22 bull snakes in their home, including one that fell out of the...
by kramoltz@hotmail.com | Jul 10, 2020 | Real Estate Facts & Figures
Tom Ruff of the Information Exchange reports that the number of listings that went under contract in May were the most in 2020, surpassing the highwater mark of March. So its no surprise that closed sales in June were the highest so far this year, falling only 91...
by kramoltz@hotmail.com | Jul 7, 2020 | Home Buying, Renters and Renting
The COVID pandemic may change the rush of Millennials to luxury apartments. Although it will likely not significantly alter the home preference behavior of this age group, it may accelerate the demographic trend towards the single family home sector that was emerging...
