Seven months ago I met a young couple and gave them counsel about what to do to buy their first home. They were far more disciplined than me and followed my advice to a T. They pretended to have a mortgage and put $4,000 away every month for seven consecutive months. Last Weds we made [...]
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The efforts by Barney Frank (D-MA) chairman of the federal Financial Services Committee should be applauded for this efforts to clean up the mortgage industry…..BUT the consequences could be devestating and once more an example of our well meaning government to over reach and actually create more serious problems. It is important for every citizen [...]
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I am sure at one time or another we have all asked ourself should I consider another part of the country to live. We all have our own preferences and levels of importance. But, how do you really know what some other place might really be like? Would you just be trading some negatives about your current home [...]
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This couldn’t be a better time to be buying. Interest rates are very attractive by year ago standards. Inventories are growing, prices are softening, and nervous sellers are more cooperative when they are in the midst of serious buyers. As they say, “buyers are in the cat bird seat”.
During our Sunday open houses we see lots [...]
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Selling a home is an art these days…. the contract is a science. Working with the right agent is very helpful provided he/she speaks up and gives you good valuable advice during the process of selling your home. I have learned over the years there are 5 costly mistakes “smart” people make when selling their home….so [...]
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It’s not just showing up with a stack of brochures about 1:30pm….at least for me. About Friday I begin to consider what I should do to prepare for my Sunday hosting experience and what I can do to make the most of it. We “open house” hosts don’t have preconceived ideas that we will actually sell [...]
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They say it takes a village….absolutely. Our world is too complicated and we can’t do it all on our own. Thanks Elizabeth Everitt of Princeton Capital www.princetoncap.com for your great suggestions how parents like us can help our children buy a home.
There are lots of options for parents to help their kids. Standard gift rules allow each parent to [...]
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We aren’t kidding! Not many know that their are programs available right now that allow first time home buyers to acquire there first home. [by the way, first time buyer means anyone who has not owned a home in the last 3 years] Just when you thouht it was impossible there is hope! Now, not everyone [...]
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We all feel we just don’t have enough time to get everything done and that often leads to over-load and overwhelm. I think we would all agree. So, the next time you find yourself saying that….remember you have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michelangelo, Mother [...]
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Here’s a new concept….at least to me. The Rex Agreement. It’s not a “loan”, but a real estate investment agreement in the form of a purchase option. It gives homeowners a portion of their home equity in cash today in exchange for the right of REX & Co. to share in a specified percentage [...]
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