Most all potential home buyers are familiar with looking for homes online and scheduling a visit to view interesting properties with their realtor. Once you pick the home that is right for you, your agent will guide you through completing and submitting a purchase contract.

But what happens after the contract is accepted?

The…

Read more

If you or someone you know is considering the purchase of a home, this is a must read article that identifies 6 key considerations.

A home purchase is likely the most significant investment you will ever make. This is not a time where you will want to act impulsively or emotionally. The development of a detailed plan will be the best…

Read more

Here is what Realtors need to know:

Changing Business Practices

The settlement agreement also mandates two key changes to the way members and MLS participants do business.

NAR agreed to create a new MLS rule prohibiting offers of compensation on the MLS. This means that offers of compensation could not be communicated via an MLS, but they…

Read more

Hey Mark! While I’m not familiar with the specifics of Mat Grella’s situation and whether it can help – this FTC ruling certainly will not hurt! Anyone that has had their options restricted by a non-compete stands to benefit.

Great post, Brandon!

So happy to see that the Federal Trade Commission finally took a stand against the long-standing practice of businesses requiring exiting employees to sign a non-compete agreement in order to receive severance pay or other related compensation.

This is frequently associated with acquisitions, mergers, or other types…

Read more

Hi Dawn, the rescission period starts when the borrower receives/signs all the documents in Brandon’s first bullet point above.

In your example, if all the requirements were satisfied on April 22nd, the first day of rescission would be April 23rd. Since there are no holidays of weekends involved, the rescission window would close at midnight…

Read more

Just wanted to add more in above post, that if you DO decide to defer your home purchase. Don’t just sit and wait for the rates to improve. Use the time to improve your credit score. A 30 point improvement in your score could result in up to a .5% decrease in your eligible interest rate (depending on all the other loan parameters).

The impact…

Read more

VERY informative response!! Thanks

After years of paying for Norton Utilities, I was introduced to a similar service that has a FREE version – Glary Utilities. The new version of Glary Utilities 6 offers a variety of tools that keep your PC health in good order. They also offer a premium version at a fair price, but the free version is all most users would ever need.

The recently announced proposed NAR settlement has generated a lot of discussion about the future of realtor commissions and how the real estate industry will be impacted.

One avenue that seems plausible is the a packaged service plan – designed for the DIY home seller that does not wish to engage a full service brokerage. In addition, some…

Read more

My client would like to get financing for the following scenario:

• Client that owns property outright and is hoping to
  build an apartment building(s) on this property
• Client
  wishes to finance 100% of the buildout
• The
  property is in Texas
• Value
  of Land $250K
• Estimated
  construction cost $600K
• Credit
  score estimated at…

Read more