Q: What is TRID? A: The TILA-RESPA Integrated Disclosure A: (Longer): Truth In Lending Act – Real Estate Settlement Procedures Act Even Longer Answer: The ways in which buyers and sellers close on houses is about…
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10 Most Frequently-Cited Stories When Meeting New Buyer Clients
Ok, it’s a few more than 10, but Buyer Brokerage really warrants (at least) 3 stories. Process of buying a home Buyer Brokerage How much is the Buyer Broker fee? Who pays the buyer broker…
Monthly Notes | Neighborhoods, Nest Party and a Stable Market?
I liked this note quite a bit – topics ranging from a market update to Nest’s annual client party to two stories about buyers with vastly different buying experiences.
What Are Some Questions Buyers Should be Asking?
What are some questions that buyers should be asking in the Charlottesville real estate market – of themselves, of the agents, and of the market?
Getting Started with Energy Efficiency in My Home
As some I know I am in the midst of making some energy efficient upgrades on my home. I am finding that the $2500 dollar prize is great, but its only just a start.
To truly realize energy efficient gains I am faced with the choice of spending an additional three to five thousand dollars (and could easily spend more). I could get the blown insulation, but will really see and feel differences with spray foam insulation. Which costs a lot more.
$2500 would let us achieve at least 15% energy savings, but I want (and really need) more savings and a more comfortable home.
As with everything new, there is a learning curve. New experiences, new products bring new things to learn and new questions to ask. There are potential negative and unintended consequences to sealing one area of your house and not the entire unit. One of these unintended consequences is the off gassing from the spray foam insulation. It is something that I never knew about. I never knew you’d ask. I never knew not to ask.
This is a process … of learning, of asking questions, of digesting answers and asking more questions. It’s also one of budgeting.
5 Real Estate Myths
I’ve mentioned Barbara Corcoran before – July of 2007 , where she discussed “kiddie condos” and in 2005 when she declared there was “no bubble” … one thing with which I do agree is this from 2005 –
…But the fact of the matter is, as long as a local broker can make a big brand in a local market, national and everything else doesn’t matter.
Be careful picking your lender
You may be approved for the program today, but by the time you end up buying, the program may have been eliminated. If this happens to you, you’ll have to either come up with more money for a down payment or switch to another lender in order to not be in default come settlement day.