Counting Down to December 31 December 29 At least for Buyers’ agents, the answer to the question, “should I close on my home purchase in 2017, before any new tax laws take effect?” is easy: “consult your tax advisor.” Fortunately, agents are able to field a related question: “is it still possible to close in 2017?” Closing Hurdles Whether a 2017 close...Read More
Housing Comp’s vs. Lender Comp’s To Realtors, a Comp (“Comparable Sold Property”) is a nearby, recently sold home similar in size, style, and condition to the “subject home” (the home being valued). What’s a “Comp” to a lender? The borrower’s annual income for any given year. Excluding a Harmful Comp Just like the key to...Read More
