Real Estate Westlake, Elyria, Avon, Ridgeville, OH

Westlake OH – Some buyers think that since it is a buyer's market, then they can make any crazy demand of a seller. And they can't understand when the seller isn't excited by their lowball offer.   Here is an example of a recent story where this happened. A buyer makes an offer on a short sale.  1. The buyer ...

Desperate Lenders Will Accept Any Offer?   Elyria OH – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money ...

Elyria OH – A home owner thinking of a short sale recently asked us why they should short sale versus just walking away and letting their lender foreclose on the home. We gave them the normal answer: “It’s much better for your credit.” That was the first thing that popped into our head.   But, I knew there ...

Daily Real Estate News  January 12, 20112011 Mortgage Trends: Jumbo Loans, Cash Buys The number of mortgage applications for home purchases is expected to become a bigger part of the mortgage market in 2011 as home prices stabilize, predicts the Mortgage Bankers Association. Refinancing has mostly dominated in recent months as home ...

FHA Seller Concessions to Buyers Sometime this summer, the Federal Housing Administration plans to slash maximum "seller concessions" from 6 percent of the home price to 3 percent. Real Estate agents and lenders along with homebuyers and sellers will need to move quickly to take advantage of the 6% seller concession currently allowed by ...

6 Top Tips to Sell Your House in Today's Market***Know your local market. Not only see what’s sold in the past 3 to 6 months but just as important to know what’s happening now. Check your competition – those for sale now and those in pending status. Price your house accordingly. You want to be at the front of the pack, not ...