First-time homebuyers normally do not have to worry about reserves when buying a home. The only thing first-time homebuyers have to worry about is the down payment and closing costs. The closing costs are generally covered with the seller’s concession by the home seller. However, sellers’ concessions are difficult to get during a bidding war and/or during a hot hosuing market.
How To Tackled Cases Of Multiple Offers By Competing Home Buyers On Purchases? The housing market is booming. Home prices have been skyrocketing since 2013 throughout the United States. Homes are now selling over list price. There is a huge demand for homebuyers versus the inventory of homes.
This Realtors Mortgage Marketing Package Was Prepared For Real Estate Agents and Mortgage Borrowers This BLOG Was PUBLISHED On July 17th, 2019 Home Buyers rely on their real estate agents for advice and one of the most important roles of a realtor is to give their homebuyers a referral on a loan officer. Giving the […]