February 4, 2012

The “net price” of a real estate sale

appraiser

After looking through some home sales data with a client in Oakton, it seemed like a good idea to clarify some of the determining factors when examining homes sales comparables that influence current pricing of homes. Determining a net sales price for a home is impossible if you are looking at recent sales data published [...]

Fannie and Freddie loans are more expensive April 1

Fannie Mae

The L.A. Times recently published a piece discussing how Fannie Mae and Freddie Mac were raising fees, and toughening credit rules depending on FICO credit scores. So start watching for “delivery fees” if you are putting down less than 30%. That’s not a typo! below 700, add 1.5% 700-720, add .75% 721-739, add .25% Meaning, [...]