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Monthly Archives: November 2018

    Gift of Equity

    By Mike Parker | November 27, 2018

    There is a little-known mortgage program that could provide the vehicle for the right person to get into a home.  If a person sells their home to another for less than the fair market value, the difference in the appraised value and the sales price is considered a gift of equity for the buyer. FHA... Read More

    Do You Know the Way?

    By Mike Parker | November 19, 2018

    It may be natural for first-time buyers to be unsure of the process of buying a home because they haven’t been through it before but even repeat buyers need to know changes that have taken place since the financial housing crisis. The steps in the home buying process are predictable and generally follow the same... Read More

    Roll the Repairs into the Mortgage

    By Mike Parker | November 16, 2018

    It’s been said that if you can find a home that has most of what you want, you should go ahead and purchase it.  Many first-time buyers are using everything they have for a down payment and closing costs and would have to “live” with the less than perfect home until they can save the... Read More

    Getting the “Right” Home

    By Mike Parker | November 14, 2018

    Finding the right home is still the biggest challenge buyers are faced with in today’s market as is shown in the latest Confidence Index Survey.  Assuming the buyers find the “right” home with determination, perseverance and the help of a real estate professional, 88% of all transactions last year required financing to get the buyer’s... Read More

    Start Early and Live Happily Ever-After

    By Mike Parker | November 5, 2018

    As storybooks go, the character is introduced, they meet their love interest, a villain thwarts their intentions, true love overcomes, they marry and live happily ever-after.  It’s a very familiar formula. Similarly, there is a formula that couples follow in real life.  They go to college, get a good job, rent a home, fall in... Read More