Posts tagged as:

Home Buyers

Why new Loan Quality Initiative may be trouble for home buyers and sellers

by Warren Reynolds on June 26, 2010

Take a second to Google “Loan Quality Initiative.”  I did and found over 365,000 results on this currently hot topic in the real estate profession. Pay attention to this reform from Fannie Mae Fannie Mae recently implemented a reform that may cause trouble for home closings across the US. With so much information and commentary [...]

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Low Offers: Why They Don’t Work

by Warren Reynolds on March 13, 2009

Buyers will occasionally ask me whether they can make an offer of 20%, 30% or even 40% less than a listing’s asking price.  The expectation is that a motivated seller will take almost any price to get a property sold. Many low-offer buyers seem sincere in their intent. And they are often astonished when the [...]

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FHA Loans Allow Low Down Payments

by Warren Reynolds on January 30, 2009

You don’t need 20% down to buy a home, even with today’s tight credit standards. FHA loans (administered by the US Department of Housing and Urban Development) are a very popular choice for home buyers because they require only 5% or even 3.5% down! Here are some of the advantages of FHA loans: Low Rates [...]

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