Buyers Agents | What Brokers are Saying about Real Estate and Exclusive Buyer Agents

Who Wants to Play Slots When Loans are Loose?

By Lindsey, on May 2nd, 2012

Calling all people who want to buy a home!

This just in! Banks reportedly are now lending up to 3.5 times borrower earnings! You may have a shot at your dream home after all!

Although the average credit score needed to obtain a home loan is still 700, credit availability is loosening. The LTV (loan-to-value) ratio, which tells you how much of the property is being financed, is now being loaned at 82% compared to 74% in mid-2010.

What is the LTV ratio? Let’s say you purchased a home valued at $100,000 and get a mortgage for $80,000. Your loan-to-value ration would be 80% because $80,000 is 80% of the home’s value. This means that in 2010 the banks would have only loaned you $74,000 on a $100,000 home, today they may loan you up to $82,000!

This is exciting.

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(321 words, estimated 1:17 mins reading time)

Who Qualifies for Good Neighbor Next Door Program?

By Lindsey, on March 17th, 2011

What is the Good Neighbor Next Door Program?

First things first. The GNND (Good Neighbors Next Door) sales program is a program created by the US Housing and Urban Development section created to “revitalize” certain areas. Teachers, EMTs, firefighters, and law enforcement officers are all potential employees who may take part in this amazing discount program.

HUD offers a 50% discount on homes within revitalization areas to the previously mentioned employees. HUD designates “revitalization” areas authorized by Congress under the National Housing Act. This is done to promote homeownership in areas that are lacking for any reason. Criteria such as household income, rate of homeownership, and foreclosure activity on mortgage loans that are FHA-insured.

Who Qualifies and where are the revitalization areas?

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(371 words, estimated 1:29 mins reading time)

2011 A World of Happy Buyers

By Lindsey, on February 8th, 2011

It’s 2011 and the pace of home buying seems to be slowly picking up. Our company is seeing an increase in buyers looking for buyer representation and exclusive buyer representation.

Many people who are buying a home are finding qualities buyers agents that they believe hold the utmost importance. These qualities may differ from broker to broker.

What one buyer sees as an important quality in a buyer representative may be dramatically different than what another buyer would see as a benefit to using another buyers agent.

Christina, a buyer who recently bought a home in Framingham, Mass had the following to say about her buyers agent:

“…we received inquiries from the agents you gave us and we ultimately chose Connie. We are very happy with her. She has already shown us an exceptional level of professionalism and quick response time to all of our requests and questions. It is an education just having her take us through a house and we are very happy we chose her. “

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(730 words, estimated 2:55 mins reading time)

Brokers Year In Review – Part 1

By Lindsey, on December 14th, 2010

So there has been a lot of talk about the real estate market being up lately. Or was it down?

Well, whatever way it was, there was quite a lot of mixed reviews over the last year from brokers everywhere. Below are a few quotes of comments on how the local markets were going. The comments are listed chronologically.

1/6/2010: Agent Simpson: The homes are reasonably priced to sell, average home price is around $220K, average condo around $160K. Hendersonville, NC

1/25/2010: Average greater Boston home is around $375,000-400,000. Differences depending on neighborhood. Broker Cottone says prices in the under-$800K market are definitely in shortage, but the market seems to be stabilizing. Boston, MA

2/13/201:0 Broker Parker states: Billings is a fairly stable market. WE have not seen a substantial drop in prices, if anything 3 to 5% last year. Billings, MT

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(597 words, estimated 2:23 mins reading time)

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Who Wants to Play Slots When Loans are Loose?

Who Qualifies for Good Neighbor Next Door Program?

2011 A World of Happy Buyers

Brokers Year In Review – Part 1