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November 2015

Found 2 blog entries for November 2015.

choosing a lender

When it comes time to selling or buying a home, hiring the right real estate agent makes your life so much easier throughout the process – but have you considered how much of a difference landing a good lender makes?

Here’s a common scenario: You’ve done the math, then to your surprise, closing costs equate to over a grand higher than the original estimate.

Why? Not all lenders are trustworthy.

It is an unfortunate fact that there are misleading lenders in the business who will sneak in extra fees during closing, because lenders are not obligated to Good Faith Estimates, or to find you the best suited loan for you. Many brokers look for mortgages that offer them the greatest profit, rather than a deal for their client.

Choosing a lender

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When looking into real estate either as an investment or as a first home purchase, you’re bound to hear an agent or a broker throw out the term “absorption rate”. An absorption rate is a fairly common market indicator that can help you know when the best time is to list your house on the market, and can help you predict the sale price of a home in a given market.

What is an absorption rate?

Simply put, an absorption rate is the total number of months it takes to sell currently listed homes on the real-estate market.

When you put a market value on selling your home, you know that it may be logically more, less, or the same as when you purchased it. The absorption rate compares your home against others in the area in terms of supply and demand.

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