by kramoltz@hotmail.com | Nov 5, 2019 | Mortgages + Lending, Selling Your Home, Uncategorized
If you are thinking of selling your property with a carry back loan, the Dodd-Frank Act created rules applying to residential seller financing. A carry back loan makes a property more attractive as a buyer doesn’t have to come up with the entire purchase price in...
by kramoltz@hotmail.com | Oct 8, 2019 | Selling Your Home
More info on iBuyers has become available. Typically they offer 90 to 96% of fair market value. They use their own contracts, NOT the seller friendly Arizona Assoc. of Realtors form, so you will lose many important rights . As a result they can demand seller repairs...
by kramoltz@hotmail.com | Aug 22, 2019 | Selling Your Home
Collateral Analytics analyzed quarterly median purchase prices for single-family homes in Phoenix bought by iBuyers and traditional buyers. The comparison quantifies the costs to sellers of working with iBuyers – such as Offerpad and Opendoor, versus listing...
by kramoltz@hotmail.com | May 31, 2019 | Home Buying, Selling Your Home
Peak times for home contracts to be signed are the spring in the Phoenix metro area. In some cities there is another up tick in the late fall, but any sales increase after the summer is minor here. Low points for closed sales typically are in January and February...
by kramoltz@hotmail.com | May 17, 2019 | Selling Your Home
Being Unrealistic about Value.Sellers overprice their homes 8% on average, This is due to the “endowment effect” – placing a value on things you own that is too high for the marketplace. See my blog Don’t be a Victim of the Endowment Effect,...
by kramoltz@hotmail.com | Apr 17, 2019 | Home Ownership, Selling Your Home, Title Insurance + Escrow
Refinancing and Resale Rates. When refinancing your existing mortgage or selling your home, you may be entitled to a title insurance and escrow fee discount. The applicable discount when refinancing is called a “reissue rate.” A reissue is an extension of...
