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What is closing if you are a buyer? If you’re a typical buyer, you looked at houses online and in-person with your realtor. You found the house for you and your family in the perfect neighborhood and at your price. You made an offer and the seller accepted. Now it is time for the closing. […]

What happens at closing for a seller? The closing is an important day for you as a home seller. You will transfer the property to the buyer, fully pay off any mortgages, and receive your sales proceeds. If you are using the proceeds for a new home purchase on the same day or shortly after […]

The worst has yet to come for the real estate market as home-mortgage delinquencies surged to their highest level in nine years as the virus-induced economic downturn continues to crush household finances. Home-Mortgage Delinquencies Surged Property research firm Black Knight Inc. reports total borrowers more than 30 days late surged to 4.3 million in May, up 723,000 from the previous month. This means […]

It was sweet getting a $1,200 Emergency Paymentfrom the government, wasn’t it? Yes, they printed the money out of thin air. For many, though, it kept the wolves from the door during the Covid-19 lockdown when little money was coming in. Getting cash in your hands after the fast sale of your home to cash […]

According to CNBC, “Renting an apartment or a single-family home may seem easier than buying one, especially as so much of the process is online.” Easier, however, isn’t always safer. More than 43 percent of renters have found listings that seem fraudulent, and more than 5 million have fallen for common rental scams, often losing […]

Remember that childhood game of dastardly Simon LaGree and the young maiden. She says, “I can’t pay the rent and he says, “You must pay the rent.” Now here we are for real as one in 10 Americans say they can’t pay their rent or mortgage this month, according to a YouGov survey of more […]

The real estate industry has undergone a “tremendous transition,” Coldwell Banker CEO Ryan Gorman said on CNBC last week. “60 to 70 percent of all the buyers we’re talking to are looking at areas, properties, and even potentially making offers on properties having only seen them online, which I think speaks a lot to the pent up demand.” Buying […]

The CMS Wire said, “A significant number of the nation’s workers, forced to work remotely from home because of the coronavirus pandemic, may find themselves permanently working from home, according to a new survey from research firm Gartner. The study found that 74 percent of respondents expect at least five percent of their workforce who previously worked […]

Thanks to the continued impact of COVID-19 on the economy, The Housing Wire, tells us that approximately 10% of borrowers whose mortgages are backed by the Federal Housing Administration or the Department of Veterans Affairs are in forbearance. That condition may mean that some percentage of borrowers may soon be facing foreclosure and need help. The data comes courtesy […]

Brian Burke writes in BiggerPockets that “A lot of what you read about cap rate is simply wrong. I’m here to dispel the myths of cap rate and tell you the real story.” “Perhaps no topic is more overrated, misunderstood, or debated than cap rate. I would also argue that the capitalization rate has more inaccurate […]