I was talking with a friend of mine yesterday about how I believe we are coming into the most significant financial period of change that will occur during my lifetime. The opportunities that are here now and will continue as we work to rid the market of the glut of homes will be seen one [...]
We have received so many inquiries via our new Tallahassee Foreclosures Web Site about purchasing Tallahassee foreclosures that I am feeling like a recorded message. Many buyers want the perceived deals that “foreclosures” imply, so I figured I would lay out some advice that really fits our current times.
With so many of our homes upside-down [...]
If you have no desire to sell your home, you might be interested in finding out how to lower your property taxes. Anybody who has been following the Tallahassee Real Estate Blog for any period of time can tell you that property values in Tallahassee have fallen as much as 25% in some areas, but [...]
“We are going to have to wait until next year to sell our house,” is perhaps the concern that I am hearing most from upside-down homeowners, or those who have lost much of the equity in their homes. Perhaps they hope to rent the house out to a tenant for the next year or so, and then put the home on the market when it will sell for the values found back in 2006.
The Secure and Fair Enforcement Mortgage Licensing Act is about to have a huge negative impact on the value of your home, and I bet you have never even heard of it! That’s right, the U.S. Department of Housing and Urban Development has put together a proposed rule, that if adopted, is going to cause [...]
It seems as if overpriced homes are everywhere these days. They are beginning to dominate the Q&A sections of many real estate web sites.
One of the great things about having a real estate blog is that we get to see much of what our customers are thinking and doing in their efforts to buy a [...]
A very hot potato is coming to town over the next several weeks, and you really need to pay attention. Who am I talking to? I’m talking to anybody who cares about property values in the State of Florida, but most importantly I’m talking to people who own their homes free and clear as well [...]
I was having a discussion yesterday with a great real estate agent (Bill Peck) who was lamenting to me that his home buyers had received three Good Faith Estimates (GFE) from different mortgage companies and they were much more scattered in their estimates than we have traditionally seen.
For those of you who did not read [...]
It does not take more than a minute (if you do a search on Google™) to find a blog or article written by a REALTOR® which extols the virtues of buying a home. And there is a better than even chance that “Now is the Time To Buy” will be included in the first paragraph [...]
Congress enacted the Real Estate Settlement Procedures Act (RESPA) back in 1974 in order to address problems in the real estate settlement process. It seems that Congress felt that they could legislate fair business practices and reduce fees and costs to home buyers through enlightenment about the settlement process and the associated costs that go [...]