What Is A Counter-Offer? The video puts this in more visual terms, but basically, a seller can respond to a buyer's offer with changes - a "counter" - that improves the terms.You need to put yourself in their shoes and construct a modified offer that you think they might take that meets more of your needs. Then it's their turn - accept, reject, or construct yet another counter.It's an efficient market process, but beware: clauses and costs matter. Your broker should be closely involved in … [Read more...]
Mythbusting: is Winter a Bad Time to Buy a Home? No – and Here’s Why
The cooler months of winter often seem like the best time to hibernate into your house and wait for spring to appear, but it can actually be a prime opportunity to start looking for a new home. If you're not interested in waiting until next season, here are a few reasons you may want to get started on your home search a little earlier than expected. Opportunity For A Lower Price With prime moving time occurring during the months of fall and spring, there's a good chance that a home purchase will … [Read more...]
First Time Home Buyers: 3 Essential Tips That You Won’t Hear from Your Friends
When it comes to diving into home ownership for the first time, it can seem like there are so many things you just don't know. Whether you're getting advice from your real estate agent, your friends or your family, there are so many things that seem like common sense that they might be lost in the mix of details. Instead of having to squeeze it out of them, here are three tips that are easily forgotten but still essential. Be Patient And Take Your Time It's certainly not the most popular advice, … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 25, 2016
Last week's scheduled economic news included releases from the National Association of Home Builders, Housing Starts, and Existing Home Sales. Weekly reports on new jobless claims and mortgage rates were also released. The National Association of Realtors® reported that sales of previously owned homes rose to 5.46 million sales on an annual seasonally adjusted basis in December. This reading surpassed expectations of 5.21 million sales and November's reading of 4.76 million sales. … [Read more...]
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