Have you heard? Buying is better than renting in 70% of America. I’m asked two questions all the time, “is this a good time to buy” and ”what kind of market is this, a buyers market or sellers market?” My answer is this, “it’s a good time to buy when the timing is right for you” and “the [...]
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Russ Boyd
With mortgage interest rates hovering near record lows, you may want to either refinance your mortgage or purchase a new home before rates go higher again. The question is – can you qualify for refinancing or a purchase loan? Lenders have tightened loan qualification standards and their most widely used tool to determine if you [...]
Are you ready to buy a foreclosure? Due to the mortgage crisis that our country faced over the last several years, there are continually more and more foreclosure properties that are being put up for sale everywhere you turn. Of course, this can be very tempting for homebuyers as people can sometimes get properties [...]
Russ Boyd’s videos syndicated by Now that we are in the summer home buying months I thought it would be a good idea to take a look at some market indicators for the Bay Area Counties. As can be seen below, the media selling price has dropped for most Bay Area Counties during the [...]
Russ Boyd’s videos syndicated by Fannie Mae has implemented a new policy that is very important if you are thinking buying and financing a home. This is especially true, since most lenders use FNMA’s guidelines. As of June 1, 2011 lenders became responsible for certifying the borrower’s monthly obligations have not increased from the time [...]
via animoto.com Posted via email from brokerruss’s posterous
You may not remember that back in back in 2008 the conforming loan limit for single family homes was $417,000. This may not be something that you paid much attention to because Jumbo loans were needed for most home purchases in the bay area and the market offered plenty of options. Of course a lot [...]
Even though many lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true mortgage approval that holds any weight is one that has been issued by an underwriter who has had an opportunity to review all of the necessary documents. With a constant stream of new lending guidelines, volatile mortgage [...]
Russ Boyd’s videos syndicated by When I’m discussing listing a clients home for sale I always suggest they spend some time on Sunday looking at open houses available in their neighborhood. Not only does this help them see what other homes their home will be competing with, it also gives them first hand sense [...]
Signs of an Improving Housing Market – 2011 Bay Area Market Reports
By Russ Boyd on January 19th, 2012
Signs of an Improving Housing Market – 2011 Bay Area Market Reports Recently, there have been optimistic reports nationwide that indicate there appears to be signs of life out there in the housing market. My recent experiance is that nice, well priced homes are selling in all areas of the San Francisco Bay Area and [...]