Boise Real Estate: 101 ~ Terminology
Sunday, July 11th, 2010 Posted in Inside Real Estate | No Comments »I get a lot of questions about real estate terminology, so here are a few simple explanations of the jargon commonly heard in real estate: MLS Status Codes "Available" obviously means the property remains unsold and is available (I told you it ...
Give Me Your Highest and Best Offer!
Saturday, May 22nd, 2010 Posted in Inside Real Estate | 3 Comments »One of the many games played by listing agents with short sale listings is purposely underpricing their listing as a way to generate multiple offers. Then, when those offers come in, they tell buyer’s agents “give me your highest and best ...
The End of Interest-Only Loans?
Wednesday, March 3rd, 2010 Posted in Inside Real Estate | No Comments »Freddie Mac has announced that it will no longer purchase or securitize interest-only loans, effective September 1, 2010. Freddie Mac stated "Our purchases of these mortgages and issuances of guarantees of them, expose us to greater credit risks than do other ...
What Happens If Your Developer Sells Out?
Tuesday, March 2nd, 2010 Posted in Inside Real Estate | No Comments »Do you live in a subdivision with vacant lots? If so, carefully consider what could happen. Here’s how the development business works: When a developer develops lots, he incurs heavy upfront costs to acquire the land and install the infrastructure. Those costs must either ...
Thanks For A Terrific 2009!
Saturday, February 20th, 2010 Posted in Inside Real Estate | No Comments »Thanks to many of you reading this blog, 2009 was my best year in 37+ years of real estate. 75% of my 2009 business came from loyal repeat clients and referrals. 2009 was definitely a challenging market with many transactions requiring unique ...
