Not long ago, if The Buyers financing fell through, The Seller simply put their property back on the market; sold it quickly and often even received a higher price.  No worries, no problems. But now, “back on the market” is a potential major life tragedy to The Seller.

Financing problems can defeat the deal and present a problem for all concerned.  The financing contingency currently in Zip Forms allows The Buyer to be relieved of all of their obligations and receive a full refund of their earnest money if their financing is withdrawn anytime, up to the last minute before closing.  They are very protected. 

Continue Reading »

Comments & Trackbacks (0) | Permalink

I have compiled a list of some really great questions that I have received regarding our FHA 203(k) Streamline product. I have put together the following FAQ’s. I hope you find this useful!

First of all, let’s go over, briefly, the definition of what a 203K product is. Then we can answer some specific questions on how it might work and/or help the consumer.

Per Wikipedia:

“The 203(k) program offers low-cost loans to allow low-income participants or nonprofit groups to buy and renovate a house”. (Read more from Wikipedia).

Continue Reading »

Comments & Trackbacks (0) | Permalink

How do we convince the seller that they are asking too much and what is the right price?  Let’s take the first part now and deal with the second in another article. 

In my opinion, sellers resist reducing the price for many reasons.  They need a certain amount to buy their next property, they want to save face, they’re listening to someone else… or what sometimes seems an infinite number of others.

The “need more” objection has to do with qualifications and motivation of the seller as a buyer.  Are they really a candidate to sell in this market?  Do you really want to invest your time, money and emotional energy in this listing? 
Continue Reading »

Comments & Trackbacks (1) | Permalink

We are about to see a ballooning of foreclosures in our market.  It may not reach the levels of Florida, Phoenix or Detroit but it will be significant.  Foreclosure filings were reported on 276 Maine properties in June 2008, a 14 percent increase from the previous month, and a 61 percent increase from June 2007, according to the latest RealtyTrac® U.S. Foreclosure Market Report.
Continue Reading »

Comments & Trackbacks (0) | Permalink

1. They work hard! Yes, they play hard, too! They get up early, they rarely complain, they expect performance from others, but they expect extraordinary performance from themselves. Repeated, high-level success starts with a recognition that hard work pays off.

2. They are incredibly curious and eager to learn. They study, ask questions and read - constantly! An interesting point, however: While most of them did well in school, the difference is that they apply or take advantage of what they learn. Repeated success is not about memorizing facts, it’s about being able to take information and create, build, or apply it in new and important ways. Successful people want to learn everything about everything!
   Continue Reading »

   

   Comments & Trackbacks (0) | Permalink