A brand new study done by Gallup shows that if you take a look at all the different types of investment, real estate ‐ according to their poll ‐ real estate still comes out as the best long‐term investment available. Here is an Infographic that illustrates the poll results. There has never been a time … Continue reading Real Estate Seen as a Better Investment by All Age Groups
The 3.8% Tax: What's True, What's Not Ever since health care reform was enacted into law more than two years ago, rumors about the 3.8% Medicare tax continue to circulate. The tax doesn't target real estate and will in fact affect very few home sales. Here's the definitive word on what's true and what's not … Continue reading The 3.8% Tax: What’s True, What’s Not
Specialized Support for High-Value Clients What sets my help apart from the rest when it comes to representing high-end properties and clients? It is unmatched -- Experience, negotiation expertise, integrity, and highly developed programs that successfully support client goals and objectives. On the purchase side, the first is for those clients who prefer the confidentiality, flexibility, … Continue reading Specialized Support for High-Value Clients
Don't Spin Your Wheels! A financing colleague recently described many sellers and buyers as "spinning their wheels". They don't seem to know why their expectations are not being met. They are confused and frustrated, especially as they see others succeeding where they have not. He is correct in describing those who do not understand what to do … Continue reading Don’t Spin Your Wheels!
Weighing COST over PRICE is Significant We have often advised buyers to look at the COST of purchasing a house more than the PRICE of the home. Price is only part of the cost equation. The other piece, assuming you are not an all cash buyer, is the mortgage rate. The mortgage rate to finance … Continue reading Weighing COST over PRICE is Significant
Mortgage Insurance Premium, Credit Scores, and Seller Contribution Affected On January 20, 2010, FHA announced major changes to ensure its long-term financial soundness. FHA is trying to balance three fundamental objectives: Financial soundness of the FHA insurance fund – ensuring that its capital ratio returns above 2 percent, Fulfilling its mission of serving borrowers not … Continue reading Major FHA Changes Expected to Take Place in Early 2010
Current Program Extended and Revised; Expanded to Repeat Home Buyers Despite the many rumors, projections, and hopeful expectations presented in the press in very recent weeks, the final legislation for the tax credit afforded home purchasers has several new features and requirements that distinguish this program from the one which is due to expire November … Continue reading 2009-2010 Home Buyer Tax Credit Summary