Mortgage Interest Rates Are Rising: Did You Miss Your Opportunity to Buy?
Have you ever calculated how an increase in mortgage interest rates actually affects your purchase in real dollars?
GOOD FAITH DEPOSITS: A PART OF THE PROCESS OR A DESPICABLE SCAM?
I am often asked by clients about “good faith deposits” and whether they should be skeptical about providing a deposit when submitting an application for an apartment. The answer is, it depends. If the deposit is going to the landlord, that is likely above board. However, if the deposit is being paid to the broker, your skepticism is well founded and you should be prepared to ask MANY questions. I will prepare you for both scenarios…
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AM I READY TO SELL? Some Due Diligence Advice for Sellers in 2018
If you are – or know – a homeowner who is considering selling a home this year – even if you/they are leaning toward selling as a FSBO (for sale by owner) – preparation and overall strategy are key, and due diligence regarding important details such as when to list, for how much and, how should not be overlooked […]
Welcome to 2018 | Go Ahead, Pull that Loose Thread!
Happy New Year! As I sat down to write this year’s New Year post, I was compelled to look back at what I wrote last year to sum up 2016 and kick off 2017. I decided to follow a similar format to launch into 2018 and reflect on a year which can – at least […]
What’s Up With Down Payment?
Originally posted on Unreal Estate:
I am often asked by buyers, “Why does the seller care about my down payment amount? As long as I am satisfying the building’s down payment requirement, and the bank has approved the loan, aren’t they getting their money at the closing table whether I ‘put down’ 20%, 50% or 100%?”…
Happy Thanksgiving from Eirik and Unreal Estate!
Happy Thankgiving! I am extremely thankful for the opportunity to write this blog, and I appreciate every read, email, comment and subscription. I wish you a wonderful day filled with food, friends, family and fun!…and naps. With Gratitude, Eirik
Decoding Real Estate Ads: A Helpful Glossary of Terms
Originally posted on Unreal Estate:
Every once in a while we need to poke a little fun at ourselves and our industry. This is especially true in stressful world of New York City real estate. Agents often act as Copywriter, Editor, and Designer for their own advertisements, resulting in extremely creative descriptions and interesting new…
