Monday, August 10, 2015

Buyers and Sellers Today

You may have noticed that buyers and sellers are coming together on better terms and at near full asking price.

Aside from worrying about low appraisals, I'm very excited to see this level of recovery taking place. It has been a long, difficult road from the bursting of the housing bubble until now, and has been a struggle for buyers, sellers, mortgage lenders like myself, and probably you and your fellow agents, as well. I'm so happy that those days look to be behind us, and that we can work together to help more people sell their houses and more buyers get into great homes in the Phoenix area.

Now that things have improved, though, we all have a job to do, besides helping people buy and sell houses. We have to remember the problems that occurred when the market went down so sharply, so we don't get into the same kinds of problems again. The sound advice we give our buyers and sellers today could help all of us have a better tomorrow!

Monday, August 3, 2015

Allowable Seller Contributions Towards Buyers Loan Costs

Be sure to take a look at the interest rates below. Interest rates have jumped about a quarter percent (0.25%) over the past 2 weeks.

How you ever wondered how much a seller can contribute to a buyer's loan costs? I put together this simple table that will help you. After reviewing, let me know if you have any questions.