Three Reasons Once upon a time — like in 2009, in the aftermath of The 2008 Crash — jumbo or “non-conforming” loans were significantly more expensive than conforming loans (under $417k in most parts of the country). When conforming loans were going for 5.5%, jumbo’s were fetching 6.25% or 6.5% — assuming you could find a...Read More
Smoking Guns & Yellow Flags I think it’s fair to say that — as a rule — compared to “laymen,” Realtors put much less stock in things like Seller motivation; historical information like what the owner paid (unless it raises the prospect of a short sale); and even representations (or lack thereof) in the Seller’s Disclosure....Read More
Sold Price $135k below List? Ouch! One of the characteristics of a Buyer’s market is Buyers wresting steep discounts from the Seller’s asking price. Even so, a $135k discount — from an already reduced $800k asking price — stands out for sheer magnitude (note: to see the unabridged report, go to “display” in the lower...Read More
