One of the big problems that sellers are facing in the current climate is the preservation of equity. They are being squeezed while selling their homes.
Buyers are looking for a bargain, and there are bargains to be had… and any seller that needs to sell has to compete with foreclosures, short sales and other distressed properties.
Prices that sellers can command are
Ken Cook posted something today that was specifically about investor properties. Here is a link. Go read it… you should read his blog anyway.
What does it have to do with Cram-Downs?
Let me touch a couple of high points of Ken’s post. These are the requirements to get ten Fannie Mae investment properties
If you want to follow along, here are parts I and II.
Once again, I took a meandering walk through the new listings in Lilburn for the last 30days. As I wandered through, I was particularly looking for quantity of pictures and virtual tours. The reason I was concentrating on those items was all about research that EVERY real estate agent should be familiar with regarding buyer behavior.
It is gaining popularity among some in the political class. The idea is being floated to change the law and allow “cram-downs” on
This post takes off on a theme introduced here. It is also the final planned post in the Misconception series.
I commonly hear this one when the seller or buyer has a relative that is an agent in another area… but still in GA. And we actually all go through this phase, I think… The common quotes are as follows: