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Understanding Foreclosures: supply & demand (Part 1)

Real Estate is all about supply and demand.  In my area, almost all short sales and foreclosures are listed through our multiple listing service.  These homes are available on the market, just like all the other homes in the area.  Good investors do not like to get caught in bidding wars.  That defeats the purpose and the good deal usually goes right out the window.

If that property has not sold under the normal market conditions, what makes you think you are getting a good deal at the auction?  Continue reading “Understanding Foreclosures: supply & demand (Part 1)”
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Understanding Foreclosures: Buying Foreclosure (Part 2)

There is a misconception out there.  Many beginning investors and homebuyers automatically think foreclosures are a good deal.  Unfortunately, I’m here to tell you they rarely live up to the “hype” and they are certainly not easy.

Sellers who go into foreclosure will stop making payments for a variety of reasons.  Continue reading “Understanding Foreclosures: Buying Foreclosure (Part 2)”
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How to Be a Savvy Loan Shopper

Be a Savvy Loan Shopper… by Jen Hudson, GRI

 

When buying a car, you want go out and compare the best deals available, right?  If you find a car that is a “steal,” then you know you should look a little closer at the details and ask why.  Are they offering a warranty, a dealer incentive or maybe you are trading something else in.  Would you agree that these different details could drastically impact your final sales price?

Well, the same principal applies when shopping for a home loan.  You certainly don’t want to wind up with a lemon, so learn to be a savvy shopper.  Here are some tips and common mistakes people make when shopping for a home loan. Continue reading “How to Be a Savvy Loan Shopper”