But, Isn’t There Already a “Closer?”** Baseball “save“: the successful maintenance of a lead by a relief pitcher, usually the closer, until the end of the game. –Wikipedia Wanna know why, even though some of baseball’s all-time great pitchers date back more than 50 years (think, Sandy Koufax, Bob Gibson, Tom Seaver, et al), all the...Read More
Financing New Construction There are a multitude of ways for Buyers to finance the construction of a new home, including going through the builder (especially true of the bigger ones). However, the two main choices from bank lenders are: 1) what’s called a “construction-to-perm(anent) loan”; and 2) an initial mortgage to purchase the lot, followed...Read More
Putting (Too) Good a Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing* (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
Venture Capital Math: Does the Start-Up Whole Equal the Sum of Its Parts? If I sold you 4% of my start-up company for $40,000, does that make my company worth $1 million? By Silicon Valley math, the answer is “yes.” Now, add three zeroes, and you have the (tenuous) case for lodging start-up Airbnb being...Read More
Ways to Finance a Home Purchase One of the more obscure fields on MLS lists the various kinds of financing the Seller will accept, or may be available to buy the home. So, it’s typical to see “Conventional” (federally guaranteed mortgages under $417k), “FHA,” “DVA” (Department of Veteran Affairs), and “Jumbo” (loans over $417k) —...Read More
Solid Financing? Who Says? Assuming that one of the offers isn’t cash, for full price (or over), what can be a deciding factor for Sellers weighing multiple offers? A Buyer who has rock-solid financing — and a loan officer who vouches for same. So, an especially good strategy wooing such a Seller is to make...Read More
