Having to compete in a multiple-offer situation on every offer has forced agents to come up with every possible way to make their buyers’ offer the most attractive to the seller. Of course, all of these options are predicated upon the comfort level of the client. One or all of these options could be appropriate, depending […]
How to Help Buyers Through Financial Questions
Do you know when the deposit is due when buying a home? Many first-time homebuyers will ask their real estate agent this question and many others, so you must be prepared to give them an accurate answer. When buyers are purchasing a house, there is a lot to think about and remember. They need to have their […]
Sept. 9 – CVAR At A Glance
Featured Classes and Events Sept. 9 | CRMLS Training – CVAR East (Rancho Cucamonga) Sept. 11 | zipForm® Basics – All Locations Sept. 12 | Contract College – CVAR East Sept. 13 |REALTOR® Safety – All Locations Sept. 19 | Social Media the Millennial Way – CVAR East Sept. 19 | End of Summer Bash – Central […]
Client Tip: How Much to Save for a Down Payment
Conventional wisdom states that housing expenses should never exceed 28% of a buyer’s total monthly income. Using that figure, if the buyer makes $5,000 per month, that would translate to a monthly housing payment (which should include additional costs like taxes, mortgage insurance, and HOA fees) of $1,400 per month. To find your client’s amount, […]
Consumers Overestimate What It Takes to Buy a Home
When it comes to obtaining a mortgage, the majority of consumers think it requires a higher credit score and larger down payment than is actually necessary, according to a recent survey by Fannie Mae. The idea that misperceptions about mortgage requirements could hold some back from pursuing homeownership is troubling, and the researchers suggest lenders see this as […]
Aug. 28 CVAR At A Glance
Featured Classes and Events Aug. 28 Sept. 2 | ActiveKEY exchange – Click for Schedule Aug. 29 | Free zipForm – Webinars Sept. 7 | Tech Forum – Free eKEY Training, live stream to East & West Sept. 14 | End of Summer Bash – Rancho Cucamonga Click for more classes and events […]
More Buyers Putting Less Down
A 20% down payment is no longer the norm. In the past year, 1.5 million borrowers purchased their homes with down payments of less than 10%, according to Black Knight Financial Services. That marks a seven-year high. A growing number of home shoppers are financing more than 90% of their home purchase. “The increase is […]
Millennials Save for Home by Moving Home
While returning home to mom and dad might not be “Plan A” for most young Americans, it can be an effective way for cash-strapped Millennials to boost savings quickly, speed up the process of buying a house, building equity in that home and living independently. It’s also part of a larger trend of Millennials finally starting to get active […]
Use Tax Refund for Down Payment
The average tax refund was $2,860 for the majority of Americans last year. According to a survey by GO Banking Rates, 41 percent of Americans plan to save their tax returns. That savings could help put them on the path to homeownership. Six percent of 18- to 34-year-olds say they plan to use their tax […]
Fraud Warnings Issued to Agents
A security company has issued a warning to real estate professionals about a growing scheme in which criminals are hacking into their emails. The crooks then send messages to clients to wire down payment funds to fraudulent accounts. Information security firm SANS cites an example of the “business email compromise” scheme from an email an […]