Tag: Home Buying
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Another Shot at a Cheap Mortgage? Builder Offers 4.25% Rate in Some Cities
The massive building company Lennar has been giving out 30-year mortgages fixed at a 4.25% rate in Denver. Too good to be true? No, it’s a real offer, from a company doing what it must to attract customers when it’s so hard to afford a home. Colorado buyers have to close by Halloween 2023 to…
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Agent Commissions (Literally) on Trial. What’s at Stake for Buyers and Sellers?
Update: Jury sides with home sellers in commissions trialAfter less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion. – Real Estate News The trial started this week. Yes, in an actual courtroom. Sellers in a class action are suing the key real estate…
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Did They Really Just Say That?
“A glut of mediocre Realtors is screwing over homebuyers,” says Entrepreneur.com. Is that just clickbait, or a serious remark? And hey! If we didn’t have agents, what exactly would home buying look like?
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Arizona and Florida Buyers: Now There’s a 1% Down Payment Option
Interest on a 30-year mortgage has topped 7%, bringing rates up to levels not seen since 2002. And with the prices of homes as high as they are right now, it’s harder to buy a home today than at any time in the past 40 years. Prices will stay high because of demand for homes…
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Bargain and Sale vs. Quitclaim Deeds: A Concise Guide
Are you looking to buy a home though a bargain and sale deed? Perhaps you’re buying after a foreclosure, or from an estate or a court-ordered sale. If so, the entity granting the deed to you might lack knowledge of the property’s history. Basically, the deed means a buyer is expected to accept the house…
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What is a Special Warranty Deed?
If you’re like most people planning to make a real estate purchase, you want to know that the property you’re purchasing is actually owned by the seller, that it’s in reasonably good shape, and that the title is free of defects. Real estate transactions aren’t always as seamless or clean as buyers might like, though.…