Guy Adams's (guyadams) Blog

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Real Estate Agent - Berkshire Hathaway HomeServices Professional Realty - 200039

ARCHIVED BLOG POSTS

2010 

 You're about to buy a home, and are now "in escrow," the homestretch of the home-sale process. During this period, you as the buyer will provide the needed funds for the home (most likely from your lender and with your down payment), the owner will transfer ownership of the property and the sal...
05/30/2010
Top 10 Towns for the 'Cool' Budget Travel Magazine has picked the 10 Coolest Small Towns in America. The very coolest is Ely, Minn., which it calls, “a perfect base for camping, canoeing, and fishing.” The magazine says that to be in contention, a town must have a population of less than 10,000. ...
05/28/2010
Missing the tax credit deadline might have seemed like a big mistake to some home buyers, but waiting could have been the smartest thing to do. Interest rates have fallen so dramatically since April 30th that the typical purchaser of a $350,000 home, financed with a $280,000 mortgage, would have...
05/27/2010
Borrowers eager to lock in a very low-rate mortgage should apply in the next day or two, says Bankrate.com mortgage analyst Holden Lewis. Rates haven’t been this low since the 1950s, he says, adding that rates are unlikely to fall further. “You can float, but that's not a smart strategy. It's li...
05/26/2010
More than 76 percent of people say they would prefer to rent a home than buy one, up 5 percent from 2009, according to this year’s survey from the National Apartment Association. The survey also calculated that 60 percent of renters plan to continue renting in 2011, with only 12 percent planning...
05/26/2010
Fewer Buyers Consider Foreclosures Fewer U.S. homebuyers are interested in foreclosed properties than they were a year ago, according to a survey conducted for Trulia.com and RealtyTrac. About 45 percent of U.S. adults age 18 say they are at least somewhat likely to consider purchasing a foreclos...
05/23/2010
A buyer from Indonesia has put a 48,000-square-foot mansion under contract for $50 million in the Bel Air neighborhood of Los Angeles. If the deal closes, it would be the biggest residential sale in the United States this year. The 10-bedroom, 14-bathroom property was listed originally for $85 m...
05/16/2010
Despite generally rising home prices, home equity continues to fall in many cites hardest hit by the unraveling of the real estate market. Equity continues to drop because of resetting mortgage rates, job losses, and high rates of foreclosure depressing home prices further. Using information fro...
05/13/2010
Real estate data sharing on multiple-listing services is about to get easier, with the Real Estate Standards Organization’s approval of real estate property standard names. The standard names were introduced by the MLS Cooperative Venture (referred to as COVE, for short) in March during RESO’s G...
05/11/2010
Insurance is usually the last thing people worry about when they are buying a new home. According to the Insurance Information Institute, that's a mistake, because it will be an expense a buyer will have as long as they own the property. Here are some key issues that the institute urges every bu...
05/10/2010
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