Loan Information
Sold Terms and Market Statistics Criteria: Status: S, Category: ALL Statistics for Entire Mls from 1/1/2010 to 3/31/2010
Below are the statistics for the Charleston Real Estate Market.The 1st January through the 31st March 2010. As you can see the sales price to list price is about 5% which is closer than it was last year. There have been over 300 cash buyers which is quite surprising. Majority of sales are still conventional.
1. Create deals, don’t wait for them.
Steve authors a monthly informational presentation for top professionals titled “Keeping Current Matters.”
The following is an article from his monthly newsletter
Over the last 18 months, the real estate industry has almost become dependent on government’s help. We hope that programs like the tax credit or the Fed’s purchase of mortgage-backed- securities will [...]
The Benefits of Pre-approval
Why do you want me to get pre-approved before I find a house I want to buy? This a question asked many times by buyers. So I thought I would take a moment to answer.
When a borrower applies for a mortgage before finding a house, and receives a written commitment from a lender [...]
How Financing effects the List Price to Sales Price
At our Business meeting on February 24th I shared with our team that there had been 864 sales closed in our Charleston Multiple Listing Service in the first seven weeks of the year. So the question was,
“Could anyone guess how many were FHA Sales. (Goverment Lending).” A great deal of numbers were thrown out, some [...]
Renovation Loan helps when buying a home in need of repair.
This FHA loan is a good answer when buying a home that needs repairs.
The following article was written by Steve Haney from Keeping Current Matters.
The FHA 203(k) Renovation loan, available as a purchase or refinance, established in 1978 by the US Congress to revitalize our nation’s housing stock was ahead of its time by about [...]
Loan Modification
Top Five Myths About Loan Modification
•MYTH #1: My bank wants me out of my house. My bank wants my home.
•Banks and other lending institutions do not want to foreclose. They earn more money if you can make your payments. When they foreclose, they not only lose your monthly payments, but they also have the expense [...]
Weekly Business Meeting 7-24-08
The meeting kicked off with asking the agents what affirmations they made today. Many responded with I will sell this house, I will close…etc. Great affirmations however, what was wrong with them? The group knew what Sheila was looking for. Sheila always stresses it’s important when making affirmations to say things as if they are [...]
MORTGAGE APPLICATIONS UP IN VOLUME
According to the mortgage Bankers Association’s weekly application survey, the volume of mortgage applications rose 10.9 percent during the week ending June 6. Refinance application increased 8.4. Purchase application increased 12.8 percent. 39.8 percent of the total applications were from applications for refinancing. Even though interest rates have increased, there was still an increase in [...]
