Tagged : buyers

Found 7 blog entries tagged as "buyers".

The government’s partial shut down this past month doesn’t seem directly related to the Real Estate market. But like many other areas of finance in the country, the effects of the shut down are trickling through in ways many Realtors expected but hoped to avoid.

The most affected area of Real Estate? Loans. “Most lenders rely on IRS transcripts regularly to qualify buyers for their loans,” Sarah Burbage of Movement Mortgage told us. “If they cannot summon a transcript, loan applications are delayed. That's why you need lenders like Movement who can often find other ways of qualifying buyers. A lot of lenders can't do that and so right now, buyers are stuck." The IRS began releasing transcripts again on January 8, but the transcript requests are

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In a case filed this year against one of New York's most prestigious Real Estate companies, Houlihan Lawrence, plaintiffs are arguing that the brokerage duped them into signing dual agency forms. Dual agency is when a Real Estate agent can represent both the buyer and the seller in a single transaction, which means that neither party has the benefit of full-disclosure, loyalty, or confidentiality. The agent is working for the deal, not for the people involved. The law in New York states that both the buyer and seller must be fully informed if a Real Estate agent is acting as a dual agent. While the case is still pending and it's possible the plaintiffs did sign documentation that their agent was acting a dual agent, it doesn't mean they understood the

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What's the first thing buyers look for when they're searching for a new home?
Home prices.

It's the most obvious answer because most of us have a budget we must keep our monthly expenses under. While buyers are typically accurate with what they can afford, they miss the mark when it comes to understanding how much a home actually costs. They leave out figures like taxes, which are often applied to their monthly payments. They leave out home owners' insurance and home owners' association fees, also billed monthly. And they don't take into consideration the ongoing maintenance costs that come with owning a home (often because they were previously renting and weren't responsible for those fees!).

When you begin your home search, get in touch with a…
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The home buying process starts well before an offer makes it to the table; most people know that. But when a buyer is ready to begin the home search, what do they do first? "Zillow," the agents at Round Table Realty chuckle and say.  Zillow and the other website we digitally peel through looking for houses for sale are great resources for getting started: choosing a neighborhood, a home style, a price range... It's amazing that you and I can see inside of a house the day it goes on the market. It also creates a sense of excitement, and let's face it - urgency. Buyers want to be the first to get into these newly-listed homes because they don't want to lose the chance to put in an offer. Buyers then call their local, friendly Realtor. The…
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             From a real Round Table Realty client:

            My wife and I were looking for a house in 2016. The market seemed to be coming back in Jacksonville and while we weren’t positive our financial position aligned us with the house of our dreams, we both felt ready to invest in something that was ours.

           

          After finding a FSBO (for sale by owner) home that we both absolutely loved, we discussed with the homeowner how the sale would proceed. An older couple, they both suggested we simply get a lawyer to draw up and review the paperwork associated with the sale. As we got closer and closer to making an offer in writing, my wife and I started feeling uncomfortable. “What if we’re missing something here? We can’t know if

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Your Realtor is your guide, in charge of helping you navigate around all the possible pitfalls and not-so-fun surprises that could cost you money when you're buying a new home. But your Realtor should also be taking into consideration the money you might be paying after closing day. We're talking about...homeowners insurance!
Before you even put an offer in on a home, your Realtor should be able to tell you how the age and location of the house will affect your insurance premiums. They ought to help you spot potential issues that would cause an insurance company to deny you coverage. If your Realtor isn't sharing these most important concerns regarding homeowners insurance with you as soon as you get serious about buying a house, then this video will help

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After the housing market began to collapse in 2006/2007, home values plummeted. Lenders needed to protect themselves, so folks who would have qualified for a home loan in the years prior were now out of luck. Foreclosures were rampant.
Now, almost 10 years later, we at Round Table Realty are watching homes regain value and buyers are racing to scoop up houses within days of hitting the market. We can help buyers make financially sound offers based on market value, but we also have incredible relationships with mortgage lenders in our community who know how to make our clients stand out amidst of sea of hungry buyers. 
In this video, Carlos Wilcox from Movement Mortgage chats with Howard about the different financing qualifications:
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