Cinncinnati TV Station Quotes Our Buyer's Broker On Listing Languare
Jay MacDonald, a writer for Bankrate.com interviewed our broker Jon Boyd some months back for an article he had been working on regarding real estate language.
Specifically, the topic was stuff seller's real estate people will say with reference to their listings to attempt to catch the interest of home buyers. Hint: They are often not true.
These phrases were collected from our nationwide association (
naeba.org) and the are definitely real.
Here is what you should probably ponder:
If a real estate agent habitually directs words like these to buyers, why would you ever want somebody like at being your buyer's agent or designated buyer's agent?
Just a idea to ponder as you search for a new Chelsea home.
Here is the link to the story.Labels: Chelsea Michigan buyer agent
Ann arbor Rolling Sculpture
A view from town tonight.
Flamingos invade!
I'm at an inspection today and one of the neighbors has about a dozen
flamingos.
I remember 20+ years ago when I had a flamingo in my yard on West
Madison.
Wiring you don't want to see in your garage
I was at a home this week that had this mess in the garage.
Is this how you want your wiring to look?
Anybody smart enough to do this and get the switches and outlets to
work should also be smart enough to know not to leave it like this.
The right way to cover an air conditioner for the winter
I'm out at a home inspection again today and I ran across this. Many
times people put plastic covers on air conditioners. That can be bad.
Here is the right way to cover an air conditioner for the winter.
Inman reports on "Home Affordable" refinances
Inman news reported today that Bank of America started doing their MHA refinances.
Here is part of the article:
Bank of America says it's begun refinancing mortgages under the Obama administration's "Making Home Affordable" initiative, which is designed to allow homeowners with loans owned by Fannie Mae or Freddie Mac to take advantage of lower rates.Homeowners who are current on their mortgages are eligible to refinance under the program even if their loan-to-value (LTV) ratio has ballooned to as much as 105 percent because of falling property values.There's no minimum credit score for "Home Affordable" refinancings, and private mortgage insurance (PMI) is not required to refinance loans if insurance was not required on the original loan (Fannie and Freddie generally require buyers putting down less than 20 percent to purchase PMI).Borrowers refinancing a loan with PMI will not be required to buy additional coverage, even if they now have a higher LTV (see story).Bank of America said it's been contacted by 200,000 homeowners since the Home Affordable program was announced. In a first wave of refinancings, Bank of America said it will first serve homeowners whose mortgages are serviced by Bank of America or Countrywide, and who do not have mortgage insurance on their current loans.Other borrowers will be served "as systems become operational," the company said in a press release.Bank of America, which completed its acquisition of Countrywide Financial this year, will combine the companies' mortgage brands as Bank of America Home Loans on April 27.
