Wow, yes the seller's do pay insurance. The insurance they typically pay is to guarantee the title of your property to be free and clear of any liens or legal clouds that would put your right to clean ownership in jeopardy.
The buyer's insurance for title is to transfer that title to the buyer and provide the mortgagor with clean title.
Wednesday, April 25, 2007
Monday, April 23, 2007
Foreclosure City!!!
Question: What will be the effect of the foreclosures ,in my neighborhood ,on the sale of my home?
Great question. Colorado led the nation in percentage of foreclosures per home owned. That's part of the bad news.The other part - most of these homes will go on the market in direct competition with yours. Most of the banks/mortgage companies place the homes on the market close to the current market value.So far, so good. The catch is as they sit there and are direct competition for your home the bank feels pressure to get them sold. Thus, the price starts to get more aggresive (lower)at the 45-90 days on the market time period. Therefore they will probably be a negative effect if you have several in the neighborhood that have become bank owned.
Great question. Colorado led the nation in percentage of foreclosures per home owned. That's part of the bad news.The other part - most of these homes will go on the market in direct competition with yours. Most of the banks/mortgage companies place the homes on the market close to the current market value.So far, so good. The catch is as they sit there and are direct competition for your home the bank feels pressure to get them sold. Thus, the price starts to get more aggresive (lower)at the 45-90 days on the market time period. Therefore they will probably be a negative effect if you have several in the neighborhood that have become bank owned.
Friday, April 20, 2007
Real Estate For You
Over the past several years we get asked many questions about the real estate market, mortgages, creative financing and how to buy real estate. We have started this blog with the idea of serving you and others that may have the same questions or concerns. Please feel free to send or email us your questions and comments. All entries will be reviewed and we reserve the right to edit and use at our discretion those done with tasteful style.
"How's the market?"
Has to be the number one question we hear this year. House's that have been prepped for sale and where sellers are willing to market their homes within market range pricing are selling. Great Homes are still marketable. Even those homes priced in the lower ranges are seeing successful sales.
"How do we know how to price our home?"
Have an expert in your area do a current market analysis. This will show what homes are actually selling for and not just what they were priced. Price it right and it will sell. We have great materials for you and will be glad do this analysis at no risk or cost to you. Call us at 303-904-2450 * The Dunning Group* Bruce Dunning
"How's the market?"
Has to be the number one question we hear this year. House's that have been prepped for sale and where sellers are willing to market their homes within market range pricing are selling. Great Homes are still marketable. Even those homes priced in the lower ranges are seeing successful sales.
"How do we know how to price our home?"
Have an expert in your area do a current market analysis. This will show what homes are actually selling for and not just what they were priced. Price it right and it will sell. We have great materials for you and will be glad do this analysis at no risk or cost to you. Call us at 303-904-2450 * The Dunning Group* Bruce Dunning
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