What Is PMI?

http://videotap.wistia.com/medias/rc0k3k0x9d?embedType=async&videoFoam=true&videoWidth=640 This video tells you about it all. PMI stands for Private Mortgage Insurance or Insurer. These are privately-owned companies that provide mortgage insurance. They offer both standard and special affordable programs for borrowers. These companies provide guidelines to lenders that detail the types of loans...

How Do I Make A Home Ready To Sell?

http://videotap.wistia.com/medias/bbd1fjb91r?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, start several months before the property is made available. Look through the eyes of a buyer What needs to be cleaned? Repainted? Repaired? Or tossed? Ask yourself - or a friend If you were buying this house what would you want to see? The goal is to show a home...

How Do I Set The Price On My House?

http://videotap.wistia.com/medias/c4wpufgp92?embedType=async&videoFoam=true&videoWidth=640 While this video simplifies things to help you remember: your aim is to get the best price AND terms in your market during the period you’re selling. Market conditions interest rates and competition all matter. The price you want, and the price a buyer will pay are framed by those complex conditions...

How Is A Home Marketed?

http://videotap.wistia.com/medias/d61c2vmeni?embedType=async&videoFoam=true&videoWidth=640 As you’ll see in the video, every home and market is a unique situation. Good marketing plans are specific to both. But every plan will include: Preparation Pricing and Marketing Activities. Preparation takes time - typically, months. Homes must be in “show” condition all repairs and...

What Are 203(B) And 203(K) Loans?

http://videotap.wistia.com/medias/18smpe9x6t?embedType=async&videoFoam=true&videoWidth=640 The video puts this in more visual terms, but 203(b) is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines limited lender's fees, and a maximum loan amount. 203(k) loans enable homebuyers to finance both the purchase and rehabilitation of a home through a...

What Is A Loan Estimate And How Does It Help Me?

http://videotap.wistia.com/medias/qr7iz5zucg?embedType=async&videoFoam=true&videoWidth=640 A loan estimate lists your loan terms projected payments, costs at closing measures for comparison, including Annual Percentage Rate and Total Interest Percentage and other considerations that lender may apply to this loan application. Each lender must supply a loan estimate within three business days of...

What Is Mortgage Insurance?

http://videotap.wistia.com/medias/3txg9jf9hy?embedType=async&videoFoam=true&videoWidth=640 Like the video shows, mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. Like home or auto insurance, mortgage insurance requires payment of a premium, is for protection against loss, and is used in the event of an...

Why Use A REALTOR®

http://videotap.wistia.com/medias/r1y7vhhvs6?embedType=async&videoFoam=true&videoWidth=640 A state license is required to sell real estate. But roughly half of those licensed take the additional step of becoming a REALTOR®. As we show you in this video, only members of the National Association of Realtors - NAR - are entitled to use that registered trademark and call themselves a...

What Details Can I Ask Brokers In Advance?

http://videotap.wistia.com/medias/zte9lawgkg?embedType=async&videoFoam=true&videoWidth=640 This video tells you what any real estate professional would tell you. Ask them: How long do homes in my neighborhood currently stay on the market? How would you price my home? What data did you use to arrive at that price? How would you market my home? What activities would you expect of me to...

What Is A Counter-Offer?

http://videotap.wistia.com/medias/pxxjdkxjg8?embedType=async&videoFoam=true&videoWidth=640 The video puts this in more visual terms, but basically, a seller can respond to a buyer’s offer with changes - a “counter” - that improves the terms. You need to put yourself in their shoes and construct a modified offer that you think they might take that meets more of your needs. Then...

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