One of the most critical things when getting your mortgage to purchase a home is the loan contingency. Speaking from recent experience, and understanding the new reality of overly scrutinizing lenders, here are Ed’s must-know things when it comes to loan contingencies: Don’t Take Shortcuts Firstly, please, please, please, for the love of God, work [...]
Doesn’t matter whether it’s a Buyer’s Market, or a Seller’s Market. Lowball offers are as old as the oldest profession. Let’s say you just received an offer from someone who wants to buy your home. You’re excited and relieved, until you realize the offer is an unrealistic lowball price. Insulted? Disappointed? How should you respond [...]
( Reposting this from our Intero corporate blog, and authored by our illustrious Gino Blefari). The much talked about American Recovery and Reinvestment Act of 2009 – otherwise known as the “Home buyer tax credit” – expires on December 1, 2009. That’s just a little over three months from now – not much time when [...]
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