I am approved for a mortgage, why can’t I buy any house in my price range??

confused womanSo you did the right thing.  You were able to get pre-approved for financing and everyone tells you it is as good as buying with cash.  Then you start looking at houses and your agent tells you that the property you want to see is ineligible for the type of financing you are approved for.  What gives???
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2011 Housing Market Stats for Montgomery County PA

Market statsHappy New Year!  Here we are at the end of another year in Montgomery County.  So how did the real estate market fair this year?  Check out this end of year wrap-up video for the details. [Read more…]

Don’t Believe the Hype!

scamI am sure you have heard the radio, television, and internet ads stating you can buy a foreclosed home for as little as $199.  Not $199 down, just a total of $199 and you own the home.  I actually received an email yesterday from a lead source asking to find such homes for them.  In the words of Flavor Flav of Public Ememy, Don’t Believe the Hype…

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Better Be Flexible When Buying a Short Sale

Short SalesThe Short Sale…this has become a household  term in today’s real estate market.  What is it?  This occurs when the owner of a property owes more on the house than it is currently worth on the open market.  When this owner needs to move, they request the lien holder to take less than what they owe, in order to facilitate a sale of the property.  Currently, 32% of our market consists of short sale listings, however, there are a bunch of agents who are not setting the right expectations to their clients in regards to short sales, for both buyers and sellers. [Read more…]