As the real estate and related industries change with continuing legislation, we are continually experiencing a tightening up of the lending institutions. Fannie Mae has just issued their latest guidelines which will be implimented the week of December 12th. A buyer will now be required to have ...

10/05/2009

FEDERAL FLOOD INSURANCE RATES TO GO UP!

2 Comments

Starting this month, flood insurance rates are going to go up by 10% for new policies. If you have an existing policy, my understanding is that while it probably will not go up, the deductible will go up from $500 to $1000. The average flood insurance policy is approximately $583. This does no...

10/03/2009

WORDS FROM A PERSPECTIVE SELLER...

10 Comments

I received a call this morning from a prospective seller. I had already previewed her house, learned her situation and told her I would meet with her again to discuss value and marketing. The home is truly unique...a beautiful small Victorian in an area where there are no other Victorians. It h...

10/02/2009

NEW FED LAW...JUST TO MAKE SELLERS NET LESS!

5 Comments

A new energy efficient law goes into affect on January 1st of 2010. Air conditioning manufacturers will be required to produce only air conditioning units that use a new R-410A Freon. The existing R-22 Freon will be phased out and by 2020, will be discontinued completely. Here is the hiccup...u...

09/30/2009