Short sales is a hot new buzz word in Real Estate lingo. What happens is that a Seller finds that thier home will not sale for the price they would like, and then they start to wonder if they should do a short sale. It is not a guaranteed out and it does not always solve the problem.
A short sale happens when the lender is shorted on a mortgage, meaning the lender accepts less than the total amount..(read more)
This man really has some good advice. Once think he did not mention was a short sale I will be posting another blog on short sales so be sure to read that one also.
Jacque
By John Adams
Contributor
Published on: 03/23/08
Today, some recent home buyers are finding themselves squeezed between an unusually slow resale market and little, if any, appreciation in the past couple of years...(read more)
This was a great article sent out onto a business website. It has some great facts that partain to the Georgia market. Hope you find it as interesting as I did.
Jacque
By John Adams
Contributor
Published on: 03/09/08
I recently heard a report on the national news that home values were in a "free fall." Not being exactly sure what a free fall is, I looked it up. A "rapid,..(read more)
SHOULD YOU PAY POINTS?
These days, it's more important than ever to read the fine print and understand all the aspects to any mortgage. Your mortgage lender will always be willing to answer any questions you may have about any options, including that of paying points on the loan...
..(read more)
John my wonderful husband of 25 years and I are building a new house. What an endeavor it has been as well as a wonderful learning experience. I really thought I knew a lot about the construction phases of building and I guess I really do but I have been humbled and I have learned so much more.
Do you know that in the process of building a house you have close to 100 inspections? Yeah well neither..(read more)
On Friday of last week Brandy and I met a couple who were first time home buyers. They called on one of our listings and we met them on Friday at Madison Place a subdivision where we have an exclusive listing. Which mean we are the only Realtors who list out there. Well they were interested in one of our houses but they had been pre-approved by their Realtor who was also a licensed mortgage..(read more)
In cruising the INTERNET I found this article on the sub-prime fallout and it really hit home with my team. A couple of years ago we had a Colonel come to us to sell a house in a fairly new subdivision, he was a victim of a sub-prime loan. The Realtor who sold him the house did an interest only loan even though this gentleman could afford the payment had money to put down and had a great credit history...(read more)
Congratulations to the Warner Robins Little League Baseball team who beat Japan 3-2 on Sunday evening. What a great testament they are for our wonderful city. What struck us in the office was the sportsmanship these young men displayed. At the end of the game when they went out and hugged the Japanese players who were distraught and crying verses just shaking their hands, it actually made me..(read more)
