IMPORTANT: The text below originally said that the broker agreement was not a contract. It is a contract, and the wording has been changed to reflect that. Let’s say you talk to a potential buyer client on the phone. You decide to get … [Read more...]
Today’s the day
The post Today’s the day appeared first on VARbuzz. … [Read more...]
Where Are Mortgage Rates Headed?
We are often asked where we think mortgage rates are headed over the next year. The best people we can go to on this issue are the people who deal with it on a daily basis – The Mortgage Bankers Association (MBA). Here is what was reported by … [Read more...]
Inspections
Why do you need to have a home inspected before you buy it? Ask this woman. The post Inspections appeared first on VARbuzz. … [Read more...]
Short sale? Prepare to pay income tax — unless Congress acts
If a lender reduces a homeowner’s principal — via a short sale or write-down, for example — the homeowner would normally have to pay income tax on the amount. But Congress passed what’s called “mortgage cancellation tax … [Read more...]
Virginia, politics, and history
For those of you with an interest in these things, the well-respected FiveThirtyEight blog had a piece on Virginia yesterday, and how we fit into presidential … [Read more...]
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