Recently on my blog talk radio show, Sheri Schmitz and I were discussing some of the nuances of flipped properties. Many buyers with FHA government backed loans do not know that the FHA requires two appraisals on a flipped property to ensure buyers are not getting ripped off. The buyer must absorb this cost and [...]
Why Time of Escrow Counts When Buying a Sacto Home
I’d like to highlight how important it is to pay attention to the terms in your home buying contracts. One in particular many home buyers do not understand, is term 1D in the Residential Purchase Agreement. 1D outlines the close of escrow you are agreeing to. Thirty days is the average turnaround of escrow, however [...]
Sacramento Short Sale Sellers #32
Four Tips on being a successful short seller! 1) HAVE A GOOD AGENT – You need someone who will be effective and get the job done. One of the best ways to tell if an agent is for you is to consider – Is the agent interviewing you? There are a variety of factors an [...]
Sacramento Home Buyer Tip #417
When considering homes to buy, there will be houses that your loan will not let you qualify for. This is why it is very important to work directly with your agent when you determine which houses you are going to see. FHA Loans, which are very popular at the moment due to the small amount [...]
Sacramento Short Sale Waiters
I often advise homeowners of the benefits of a short sale over a foreclosure. What homeowners need to understand is there is a major disadvantage in waiting out your financial situation by not paying your mortgage and not making the decision to short sale. I advised a client 7 months ago to consider short selling. [...]
