Different mortgage terms and rates can make the loan selection process confusing, especially if you don’t plan on keeping the loan for the full term. Use this calculator to determine the total cost in today’s dollars of various mortgage alternatives taking into account your opportunity cost of money.
Compare 3 loans at once: http://www.washingtonpost.com/real-estate/tools-calculators/compare-mortgage-terms.html
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Posted in Mortgage Information
Tagged mortgage calculator, real estate appraisal, san diego
Everything — in real estate, absolutely everything — is negotiable.
Recent economic reports indicate that real estate sales are on the increase, especially since mortgage interest rates are at an all-time low. But, despite what experts tell you about sellers having the upper hand, it still is a buyer’s market.
Contact the appraisers at www.scappraisals.com for value questions. An appraisal of the property before negotiation may help in the negotiation process.
Home buyers, especially first-timers, do not understand that they have the right to bargain and negotiate all aspects of their real estate purchase.
Potential buyers should not hesitate to make a low offer on a house. The real estate broker or agent has a duty to submit any offer — no matter how ridiculously low it may seem — to the owner of the house.
A seller has three options when an offer is received. She can reject it out of hand, accept it or make a counteroffer.
If your offer is rejected, you can always present another offer that is closer to the seller’s asking price. Or, if price is a concern, you can look for something else.
Disclaimer: for information and entertainment purposes only
Posted in Real Estate
Tagged home buyer, home seller, negotiation, offer, real estate appraisal, san diego
In the real estate brokerage field they’re known as “setups” or “pinball” homes, and this spring’s improving conditions in some markets might be stimulating more of them.
Contact the appraisers at www.scappraisals.com for home value questions.
A setup or pinball property is a house listed with an unrealistically high asking price that is visited by lots of agents and shoppers but that attracts no offers. The problem is this: Real estate agents, including even the listing agent, are using the overpriced house as a negative example to bounce buyers over to similar homes nearby that carry lower asking prices.
“It’s like a pinball machine,” says Debbie Cook, an agent with Long & Foster Real Estate in Silver Spring. The “setup” is the foil — the house that agents show clients in order to make other, more realistically priced listings look better. Maybe the sellers, encouraged by reports of rising sales and low mortgage rates, insisted on the aggressive asking price and wouldn’t list for anything less. Or maybe the sellers’ agent didn’t fully brief them about what the house could command in today’s conditions rather than lose the listing.
Disclaimer: for information and entertainment purposes only
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