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What does the future hold for the housing industry?

By Real Estate Partners LLC / September 18, 2022

We have been through quite the turmoil lately, with skyrocketing prices and higher interest rates and of course bidding wars. Buyers were spoiled by super low interest rates. By historic standards, our current rates are still cheap. What the experts are saying is that right now is a great time to buy! Reason being that…

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What should you look for in a Realtor?

By Real Estate Partners LLC / August 20, 2022

What should you look for in a Realtor? Well first, they must be full time. You wouldn’t go to a part time Dentist or CPA? Next, The Realtor needs to be known for putting his clients first. (Check the reviews). Your Realtor needs to have shown to have extensive market knowledge in the areas that…

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Are we looking at another housing bubble about to burst?

By Real Estate Partners LLC / April 27, 2022

Absolutely not! When we saw the bubble burst in 2008, (That was hard on everyone in the business), there were a lot of causitive factors that were in place then that are not now. One of those factors was, if you had a pulse, you could get a mortgage an there were many loans out…

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Buyers may want to limit their risk when writing an offer in this market

By Real Estate Partners LLC / March 17, 2022

In this market of low inventory and high numbers of buyers, buying your home can be frustrating. This is my job, to take the frustration away, as much as possible. Now, I want to address a couple of concerns: In order to get their offers accepted, many people are removing the contingencies for appraisals and…

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The Real Estate market is changing quickly

By Real Estate Partners LLC / March 12, 2022

Interest rates are still low, but rising. There is a shortage of inventory. It is tougher to get an offer accepted. Buyers must move quickly in this market. These are the things that we are dealing with at this time Yes, things are difficult, but if buyers, sellers and their Realtors have a plan, things…

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Selling Your Home – Short Sales

By Real Estate Partners LLC / February 8, 2022

When does foreclosure begin? Lenders will initiate foreclosure proceedings when borrowers become delinquent in their mortgage obligations, usually after three payments are missed. The lender will then notify the borrower in writing that he or she is in default. The lender can request a trustee’s sale or a judicial foreclosure, in which the property is…

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Selling Your Home – Selling at a Loss

By Real Estate Partners LLC / February 8, 2022

Can a home seller sell a home for less than its mortgage? Yes, in some case you can sell your home for less than what you still owe on the mortgage, but this is complicated and depends on the lender. This situation is known as a “short sale.” Sometimes a lender will be willing to…

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Selling Your Home – Seller Financing

By Real Estate Partners LLC / February 8, 2022

What is seller financing? Seller financing is when a seller helps to finance a real estate transaction by taking back a second note, or even financing the entire purchase if the seller owns the home free and clear. Usually sellers do this when a buyer has difficulty qualifying for a conventional loan or meeting the…

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Selling Your Home – Property Taxes

By Real Estate Partners LLC / February 8, 2022

Where can I learn more about appealing my property taxes? Contact your local tax assessor’s office to see what procedures to follow to appeal your property tax assessment. You may be able to appeal your assessment informally. Mostly likely, however, you will have to go through a formal tax-appeal processes, which begin with an appeal…

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Selling Your Home – Pricing the House to Sell

By Real Estate Partners LLC / February 8, 2022

What is the difference between list and sales prices? The list price is how much a house is advertised for and is usually only an estimate of what a seller would like to get for the property. The sales price is the amount a property actually sells for. It may be the same as the…

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