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Monthly Archives: October 2019

    Preapproval letters – are they worth the paper they are written on? – Tom’s Take #139

    By Tom Toole | October 29, 2019

      There are tons of options out there when it comes to lenders. Some are big banks, some are local lenders and some are Brokers. This raises the question, how solid is a preapproval letter? What steps need to be taken to vet these Buyers if you are selling a home? Is the letter even... Read More

    Off-MLS Policy now in place with Bright – Tom’s Take #138

    By Tom Toole | October 22, 2019

    Last week, out of nowhere, Bright MLS (the local multiple listing service for our market and other states) rolled out an Off-MLS policy that was effective immediately. Realtors were commenting, complaining and accusing Bright of leaving the members in the dark. Did they really do that? What does the policy mean for Buyers and Sellers?... Read More

    2 FAQ’s about homeowner’s insurance answered – Tom’s Take #137

    By Tom Toole | October 15, 2019

      Unless you are paying cash for a home, every lender will require that you have a homeowner’s insurance policy. Everyone should be insuring this asset regardless of how they are purchasing. Many Buyers have questions and are not clear what to look for when reviewing quotes and coverage. Tune into episode #137 of Tom’s... Read More

    Tom’s Take #136 – Lease purchase agreements

    By Tom Toole | October 8, 2019

      One of the most common things we get asked about are lease purchases. How do they work? What are the pros and cons? Would the Seller consider that type of arrangement? The answer to all of these questions are “it depends.” Tune into episode #136 of Tom’s Take to get clear on the basics... Read More

    Tom’s Take #135 – Realtor confidence index

    By Tom Toole | October 1, 2019

      Each month, the National Association of Realtors comes out with a The REALTORS® Confidence Index. This is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Tune into episode #135 of... Read More

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