Making an Offer: 5 Mistakes to Avoid

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In competitive housing markets across the country, making an offer that sticks has become increasingly difficult. Ensure your client doesn’t make the process even tougher by succumbing to one of these common mistakes. Delaying “Time kills deals,” says Andrew Sandholm of BOND New York Properties in New York. “Dragging your feet means you could wind up

Strange Questions From Buyers

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Realtor.com® recently asked real estate professionals to share some of the strangest questions a client ever asked them. Here’s what some agents had to say: “Does the car in the driveway come with the house?” Chike Uzoka, a real estate pro with Weichert, REALTORS®, in Newark, N.J., says it’s not uncommon for a buyer to

Household Debt Hits New Record

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Household debt is topping its 2008 peak prior to the housing crash. Total household debt has risen to $12.73 trillion in the first quarter, the Federal Reserve Bank of New York reported Wednesday. However, Americans are handling their debt—mortgages, credit cards, auto loans, and other forms of borrowing—much better, the report shows. Americans were delinquent

A One-Dollar Pricing Mistake Just Cost a Home Seller Thousands

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The rules of pricing properties are changing, yet most agents continue to use the same pricing approaches that the industry did 50 years ago. Are you making this costly mistake on your listings? A constant topic of conversation on my company’s group coaching calls is how to price properties correctly. A few days ago, I

Americans’ Mortgages Are the Biggest, Ever

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The average size of a home loan has swelled to the biggest amount on record, according to the Mortgage Bankers Association’s survey, which dates back to 1990. The larger mortgage size not only reflects Americans purchasing pricier properties, but also shows they’re more leveraged now too, MarketWatch reports. The median mortgage size is now more

Most Consumers Are Wrong About Home Insurance

Most Consumers Are Wrong About Home Insurance

Fifty-six percent of consumers recently surveyed believe that a standard homeowner’s policy covers flood damage. But they’re mistaken, and their assumption could be a costly mistake. Educate Yourself Would you be able to explain the nuances of insurance to your clients? If not, you may want to make sure you study up on the topic

U.S. Senate Getting Tough On Pace Loans

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U.S. SENATE GETTING TOUGH ON PACE LOANS  Senator Tom Cotton (R-Arkansas) along with Senators Marco Rubio (R-Fl orida) and John Boozman (R-Arkansas) will introduce the Protecting Americans from Credit Exploitation (PACE) Act which requires disclosure for Property Assessed Clean Energy (PACE) loans that target low-income and elderly Americans with predatory home loans. Specifically, this bill

California pending home sales dial back, marking weakest February in three years

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After a solid start to the year in closed escrow sales, low housing inventory, eroding affordability, and rising interest rates mildly pulled back pending sales on a year-over-year basis in February, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reports. In line with seasonal patterns, REALTORS® responding to C.A.R.’s February Market Pulse Survey** saw elevated market activity,