Paul & Jerri's Blog

3BR/2BA home with formal living room, dining room, den with 2 fireplaces and a bonus room.  This home is approximately 46 years old.  It has a large fenced in back yard, large bedrooms, newer roof and plenty of storage.  It is priced at $129,000. The location is convenient to Publix, Kroger, K-Ma...

This is an interesting report regarding the progress of the Making Home Affordable program.  It seems that lots of people have applied for assistance but the banks seem to be moving slow with final approvals.  However, lots of loans are in the trial period so maybe more loan modifications will be...

This is a part of an article just out today on requirements for banks to speed up the short sale process.   When buyers are made to wait 2 or 3 months to find out if their offer will be accepted, it makes it difficult to hold out for the final approval.  It looks like help is on the way... NEW YO...

We have several short sale properties available.  To buy a short sale, a buyer must be pre-qualified for the loan and be in a position to wait a couple of months (hopefully it will be faster) to get final approval from the sellers lender.  Since the bank will be taking a loss on the property, the...

High Ridge Subdivision homes typically sell for much more than this.  Final approval must come from the lender, but this is a great deal! 3 bedrooms, 2-1/2 bath, large family room with fireplace, large kitchen with breakfast room, formal dining room, formal living room, hardwood floors, fence bac...

According to the Athens MLS, our sales are down 21% - 517 less homes sold this year than last year for the same period (through November 15).  The prices are down almost 32% which confirms what we've been seeing... more demand for the lower priced homes.  And, the good news for buyers is that the...

I have been working with Bank of America to negotiate short sales on several properties.  In the past, I have gotten frustrated by the fact that I couldn't get an answer when I knew I had submitted everything they needed and worked hard to get the best offer possible.  They have taken 3-4 months ...

NAR Frequently Asked Questions Homebuyer Tax Credit Changes National Association of REALTORS® Government Affairs Division 500 New Jersey Avenue, NW, Washington DC, 20001 Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit   Question: Existing homeowner ...

According to MSNBC, the Senate has approved extension of the tax credit for first time homebuyers.  This is good news for the real estate industry... and for first time homebuyers.  There  is a provision for a $6,500 tax credit for repeat buyers.  I'm sure we'll hear more when the extension gets ...