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?
Purchasing an Apartment in New York City, Part 8: The Board Interview
Welcome to Part 8 of my ongoing blog series, “Purchasing an Apartment in New York City”. In Part 7 of the series, “The Package Has Been Delivered, The Baby’s in the Crib…” – I prepared you physically and mentally for the several weeks of loss of control and communication while you waited for the waiver of […]
Happy Fourth of July from Eirik Gislason and Unreal Estate
“America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand.” — Harry S. Truman We have a responsibility in this life to care for one another, educate and inform each other, lend a hand when one is needed and do right when […]
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…
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%?”…
