Practice Tip for Agents Whose Listing Sold in Multiple Offers “Whoever has the gold, makes the rules.” –The Golden Rule What trumps The Golden Rule (at least temporarily)? What I’ll call “The House Key Rule”: whomever controls access to an MLS-listed home controls the sale. That’s particularly relevant in the wake of multiple offers, when...Read More
Portfolio vs. Securitized Mortgages OK, so that’s not exactly how the Alexander Graham Bell quote (headline above) goes. But, it applies — sometimes — to mortgages. Specifically, there are numerous situations where what’s called a conforming, “conventional” loan — intended to be re-sold (securitized) on the secondary market — isn’t feasible, but a “portfolio” loan held by the...Read More
When is the Best Time to List a Tear-Down? Conventional wisdom (which I happen to agree with) is that early Spring is the best time for Sellers to list their home. Is there a best time to list a home that’s destined to be a tear-down? I’d argue that it’s also . . early Spring....Read More
. . . . Or One Realtors representing Sellers (better known as “listing agents”) tend to be a lot more focused on Written Statements — and specifically, Written Statement deadlines — than their clients. There are two reasons for that: 1) it can be a technical subject (see below); and 2) most Buyers’ lenders meet...Read More
