Monthly Archives: August 2019
Tom’s Take #130 – Differences between a Conventional appraisal and FHA or VA appraisals
https://youtu.be/L0Umwfdw9R4 Anytime a home purchase is financed, the lender will get an appraisal done to verify or confirm the value. Not all appraisals are the same and many consumers are unaware. The difference is determined by the type of loan and the requirements that go along with it. Tune into episode #130 of Tom’s... Read More
Tom’s Take #129 – What does a recession mean for home prices?
Many financial experts are pointing to a recession coming in the next couple years.  When the public hears this, some people assume that means housing prices will adjust downward as well.  Is that really true?  What are the historical trends?  Keeping Current Matters and Core Logic have some great data to give you the real data.  Tune into episode... Read More
Tom’s Take #128 – The difference between Active with Contract and Pending sale statuses?
Our market recently switched the MLS from TReND to Bright. Normally these things are not a big deal. Overall, the systems function the same way. One major change was overlooked and not communicated regarding MLS statuses, and it carries some serious negative implications for Sellers. Tune into episode #128 of Tom’s Take to get... Read More
Tom’s Take #127 – The Federal Reserve cuts rates
Big news, the Federal Reserve has cut rates. This is a major turn from what many experts thought we would see at the beginning of 2019. There may even be another rate cut coming. What does it mean for the real estate market? Tune into episode #127 of Tom’s Take to find out now. Read More