We have just put up the Preliminary Market Report for Gwinnett County, GA in the new market reports page. It is interesting to see the disparity between the upper reaches and the entry level portions of the real estate market in Gwinnett.
Category Archives: investment
The November Gwinnett County Market Report is Posted
- Thursday, 03 December 2009 13:28
- Written by Lane Bailey
- 0 Comments
(Get a) Home for the Holidays (?)
- Friday, 20 November 2009 16:43
- Written by Lane Bailey
- 0 Comments
I was talking with one of my mortgage guys a few days ago, and the subject of mortgage timelines came up… and there is still time to get your dream home for the holidays… OK, not Thanksgiving… but Christmas is still possible for a few days… New Year’s is possible for about a week.
Short Sales, Bank-Owned and Credit Pulls
- Thursday, 19 November 2009 18:48
- Written by Lane Bailey
- 3 Comments
A few days ago I wrote about how the purchase offering process is having issues… issues that are especially apparent on Bank-Owned Properties (we call them REOs).
Banks are often requiring that ALL offers be accompanied by pre-qualification letters from specific approved lenders (perhaps even from their own loan department). In other cases, the brokers representing the properties are interjecting this “requirement” on their own.
This morning, local (and nationally syndicated) radio talk show host, Clark Howard mentioned
Job Loss/Mortgage Payment Insurance for Buyers!
- Monday, 16 November 2009 22:06
- Written by Lane Bailey
- 2 Comments
We are pleased and excited to announce the roll-out of a new program for buyers… Job Loss Insurance.
This is a cool program to take a little bit of apprehension out of buying a home. In effect, it is an insurance policy that protects the buyer in case of job loss. The policy will make up to 6 payments during the first year of ownership if you lose your job involuntarily (two periods up to 3 months each). It is available with coverages up to $2000/mo.
First Time Home Buyer Tax Credit… Extended and Expanded
- Sunday, 15 November 2009 23:36
- Written by Lane Bailey
- 3 Comments
The First Time Home Buyer Tax Credit isn’t just for First Time Home Buyers anymore.
Previously the credit only applied to purchasers that hadn’t owned a home during the previous 36 months, and that restriction still applies for crediting the full $8000. Here is a little bit about the old credit.