Multiple Choice Quiz Test your knowledge of today’s real estate market, and answer the following question: Which of the following are to blame when a home does not appraise pursuant to a Purchase Agreement and mortgage application? (Note: the home being appraised is called the “subject home”; its peers, which establish value, are individually known...Read More
It’s a Bit Like “Soviet Jewelry” * I’m noodling with a (darker) blog post tentatively titled “Wall Street’s Financial Treason,” so my ears perked up when I thought I heard someone say “treason toy” at this morning’s office meeting. They did, kind of: they were making an announcement about a holiday fundraiser called “Trees ‘N...Read More
August Case-Shiller Index U.S. home prices fell in August from a month earlier, ending their climb since April, according to the S&P/Case-Shiller home-price indexes. The index of 10 major metropolitan areas fell 0.1% in August compared with July, while the 20-city index declined 0.2%. Adjusted for seasonal factors, the 10-area index fell 0.2%, while the...Read More
Flexible vs. Strained Purchases What’s goodwill between the Buyer and Seller in a deal worth? Usually, at least a couple hundred bucks — which is why I encourage my clients not to go overboard negotiating for the last $50 (in a bigger deal, I’d up that to $250 or more). Case in point: my client...Read More
