New rules recently enacted to help stem home appraiser abuse are starting to hear complaints from home owners and real estate agents.
These new rules govern loans that will be owned by Freddie Mac or Fannie Mae. Mainly it involves appraising being managed and assigned by a national appraising company. The real estate agent is discouraged from having any contact with the appraiser and gone are the days of simply calling up your appraiser you know and use.
Everyone Wants a Lower Price, But What About the Impact of Interest Rates?
When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible. It's important to keep in mind, however, that the sales price is not the only factor that determines what your monthly payment will be. In fact, the impact of higher interest rates can easily nullify any benefit of waiting for a lower price.
Why Should I Rush to Buy?
While you may have heard discussions in the media about the decline of property values in many markets, the rate of decline appears to be stabilizing.
It's that time again here in South Florida. Are you ready for what the season may bring? Do you know what you need to do to prepare, or if a hurricane hits?
Hurricane season is officially from June 1 - November 30th. But, as history has shown, hurricanes, or tropical storms, can hit at any time outside these parameters. August to October is seen as the peak season.