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Competition, yeah man. Boxing, basketball, baseball, football, soccer, tennis, you name it baby, we love it, right? Wait a minute what about real estate? That’s right real estate we compete against one another, don’t we? How about mortgages don’t the mortgage companies and the mo [Read More]

What a great time to purchase a home! Mortgage rates have dropped once more for the third week in a row. Last year at this time, a 30 year fixed mortgage averaged 6.26 percent. This week the same mortgage is down to 5.14 percent. It's not quite down as far as the record low in April of 4.78 per [Read More]

I was getting nervous because the new Glen Lakes Publix shopping center on US 19 had a sign "Sun Trust Bank Coming Soon" and it has been several months and nothing happened. Guess what - today I saw concrete being poured and contractors - what a great sight; maybe there is going to be mov [Read More]

Today I received word that the bank has refused an offer on a short sale I have listed. Was the price to low? No, the home is priced at fair market value and a full price offer was tendered. The bank cited the fact that the air conditioner had been stolen and the home spray painted as the reason fo [Read More]

What is a Short Sale? A Short Sale is the sale of a house for a price that is less what is owed on the mortgage(s) and the lender(s) accept and approve the sale of the house at a reduced sale price to fully satisfy the loan. The good news for you, the existing lender typically will agree to pay com [Read More]

Wall street is looking for more good news from companys reporting their earnings this week.New home sales will be coming out in Aug and resales also. It was a great week at the board with all the different classes they had for agents and on saturday all day for the public,I understand they had a ni [Read More]

According the Mortgage Bankers Associaction, FHA loans, which are government backed loans made up 36% of loan application which is the largest amount since 1990. FHA loans require only 3.5% down payment and it is affordable to most homebuyers and first time homebuyers, if they CLOSE by November 30 [Read More]

It is very frustrating to a realtor and a buyer when you have a customer who puts an offer in, we negotiate a price and then find out from the listing realtor, that the seller doesn't have enough funds to close, and she needs now to market it as a "short sale". I had a customer and we made our off [Read More]

OK well you know by now I missed lunch (truth be told I can really afford to miss allot of lunches ) 1 pm came so quickly and directly followed by a call from the inspector on a pending home informing me of a small problem he found. (what's new) Now the rest of the afternoon has flown by while [Read More]

To sell your home in today's market, ones home must be accessible. I recently had customers who were interested in an upscale home. The Sellers insisted the listing agent accompany all showings. Since the listing agent was forced to take on a weekly paycheck job due to our economy, the home has [Read More]