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Whether you are buying or selling a Shoreline condo, Shoreline single-family, Shoreline multi-family or Shoreline multi-million dollar estate home, I can provide you with the service and knowledge you need to make informed home-buying decisions. I have integrity, honesty & patience to spare for every client. I am detail-oriented, hardworking, & energetic. My mission is to turn your dreams into reality!
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A recent article by MarketWatch asks....What do the troubles at Freddie Mac and Fannie Mae mean for borrowers? A leading mortgage expert says: Don't panic. But do pay attention to the news. "If you already have a mortgage that happens to be financed through Fannie Mae or Freddie Mac, I don't think you have anything to be concerned about," says John Bancroft, executive editor of Inside Mortgage Finance. He tells John Wordock: "If you're thinking you might want to refinance that mortgage at some point in the future, then this issue is significant." And if the federal government takes over Freddie and Fannie, Bancroft adds, 'There would be an impact for borrowers down the line. But it would not be as severe an impact if the government were to let the companies blow up."
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8 Moves for Home Buyers, Sellers in '08
by Steve McLinden
Thursday, January 3, 2008 provided by Bankrate.com
Heading into 2008, the market just isn't turning
around as so many predicted. The industry, it seems,
has been caught up in a game of "projecting," to use a
psycho-speak term. Meanwhile, this pesky subprime
headache lingers on as we start to draw a clearer
picture of how recklessly this shaky housing-market
foundation was laid. It's a hangover that will last
well beyond New Year's Day.
In contrast to the billions in risky ARM loans that
were advanced to questionable borrowers toward the end
of the boom years, many credit-worthy buyers are now
getting a different kind of arm -- a straight-arm --
when they seek out mortgages amidst a backdrop of
spiraling foreclosures and plummeting prices.
My blanket advice for would-be sellers: Stay put. Ride
this out where you're sitting if possible, because
values will stabilize again. If current circumstances
dictate otherwise, then you'll have to ratchet up your
marketing plan a notch to adjust to the times. As for
buyers: Well, you're "in your element" and the getting
is good.
8 strategies for savvy sellers
1. Understand what "market value" means.
2. Don't be an as-is seller.
3. Hire a top performer.
4. Know your market's nuances.
5. Use the Internet.
6. Use other people's money.
7. Become a "lender."
8. Simplify and neutralize.
8 strategies for buyers in a flooded market
1. Negotiate, negotiate.
2. Think local.
3. Don't bank on further market drops.
4. Keep resale potential in mind.
5. Look beyond cosmetics.
6. Consider off-peak sales seasons.
7. Use your buying leverage.
8. Ask for contingencies.
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