“We’re going to lose our home to foreclosure. We owe too much to sell and the bank denied our short sale. I lost my job and my wife isn’t able to work, so we can’t make the payment and definitely are going to lose our home. I hate the feeling of not knowing what’s going […]
“Hi Gary, I’ve got another question if you have the time. Do you think a lot of buyer’s agents start their client’s search by commission? Like would they limit their search to say 3% and up and as a result they might never see my condo (which is offering 2.5%) in their search? If so, […]
“My wife and I have been looking for a home since December. And we’re getting frustrated. Every home we see is too small, in poor condition, or priced too high for our budget. Can you give us some advice?”
***ANSWER:
Sounds like you’re stuck in a holding pattern and need to make some changes.
Assuming your agent is […]
“Hi Gary, If someone’s household income was around 85K and they wanted to buy a house valued at 570K but only need a loan for $410K, are there lenders who would touch this and bring in a house payment for $1,925 or less?
***ANSWER:
For a 30-year fixed loan at 6.5% rate, they’d be looking at $2,580/mo., […]
“I’d like to sell my Clairemont condo and buy a little house in P.B. An agent said I could do a tax-deferred exchange and buy another home without paying any taxes. Is that correct?”
***ANSWER:
A little knowledge can be dangerous.
The agent was trying to help, but applied rules for investment property (”tax-deferred exchange”) to your […]