July 9, 2009

Mountains, Molehills & Buyer’s Inspections

Hoist by Their Inspector’s Petard Smart home buyers carefully inspect the home they’re about to buy to make sure that it’s in the condition they (and the Seller) think it is. Perhaps counter-intuitively, a thorough inspection isn’t just in the Buyer’s interest, it’s in the Seller’s, too. I remember one deal where, almost exactly *two...
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Good News, Bad News on Interest Rates

Back to 5%? The good news on mortgage interest rates? After a steep climb the last two months or so, to around 5.5% on 30-year mortgages, they’ve now fallen back closer to 5%. The bad news? The reason is that the latest batch of economic news — unemployment, economic activity, the housing market — shows...
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