Greater Philadelphia Real Estate Blog

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

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…

Written by Tom Toole

October 29, 2019

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

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,…

Written by Tom Toole

October 22, 2019

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

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…

Written by Tom Toole

October 15, 2019

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Tom’s Take #136 – Lease purchase agreements

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…

Written by Tom Toole

October 8, 2019

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Tom’s Take #135 – Realtor confidence index

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…

Written by Tom Toole

October 1, 2019

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Tom’s Take #134 – The confidentiality responsibilities between a realtor and consumer?

There is a lot of sensitive information in real estate transactions, ranging from social security and bank account numbers to the price that a Buyer or Seller would agree…

Written by Tom Toole

September 24, 2019

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Tom’s Take #133 – Trump Administration unveils plan to overhaul Fannie Mae and Freddie Mac

The Trump Administration announced last week that they are rolling out a plan to overhaul Fannie Mae and Freddie Mac. It is being called the last piece of unfinished…

Written by Tom Toole

September 17, 2019

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Tom’s Take #132 – What happens in the mediation room?

Disputes arise in real estate transactions. The next step per the PAR Agreement is to go to mediation if it is unresolved between Buyers and Sellers. This video is…

Written by Valerie Wasman

September 10, 2019

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Tom’s Take #131 – The amount of money needed to buy a home

https://youtu.be/frGigic6JDo If you are considering making a purchase, have you done the research regarding how much money you will need? An alarming amount of real estate consumers have the…

Written by Tom Toole

September 3, 2019

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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…

Written by Tom Toole

August 27, 2019

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Blog

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

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

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

Tom’s Take #136 – Lease purchase agreements

Tom’s Take #135 – Realtor confidence index

Tom’s Take #134 – The confidentiality responsibilities between a realtor and consumer?

Tom’s Take #133 – Trump Administration unveils plan to overhaul Fannie Mae and Freddie Mac

Tom’s Take #132 – What happens in the mediation room?

Tom’s Take #131 – The amount of money needed to buy a home

Tom’s Take #130 – Differences between a Conventional appraisal and FHA or VA appraisals

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