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...
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http://videotap.wistia.com/medias/q8krti40s8?embedType=async&videoFoam=true&videoWidth=640 Watch this video and take a few notes! First, devise a checklist for the information from each lending institution. You should include: the company's name and basic information the type of mortgage minimum down payment required interest rate and points closing costs loan processing...
http://videotap.wistia.com/medias/dw9mh2t6d1?embedType=async&videoFoam=true&videoWidth=640 For most real estate loans, you will receive a Closing Disclosure 3 business days before loan consummation – which frequently happens at the closing meeting. At the meeting itself you should receive a copy of your Mortgage Note – your obligation to repay- your Mortgage or Deed of Trust the...
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...
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...
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...
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...
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...
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...
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...