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Monthly Archives: December 2020

    Where Did the Assumptions Go?

    By Mike Parker | December 14, 2020

    Mortgage assumptions have not been a practical matter for the last 30 years because mortgage rates have been on a steady decline. Even if the seller had a rate lower than the current rate, the new purchaser must qualify to assume the loan. In the case of conventional loans, the lender has the right to... Read More

    Vacation Home Sales Are Up 44%

    By Mike Parker | December 9, 2020

    Vacation home sales are up 44% year-over-year according to the National Association of REALTORS® based on sales during the July to September period.  Not only are the number of units up, but they are also selling faster than in previous years. On a national basis, 72% of existing vacation homes closed in October were on... Read More

    Home Inspections

    By Mike Parker | December 1, 2020

    A home inspector is another key professional involved in a real estate transaction. Many times, the sales contract will have a provision that allows the purchaser to have inspections made to discover issues that are not readily apparent or have not been disclosed by the seller. It is important to have a qualified individual perform... Read More

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