Is it time to buy? Are you waiting for mortgage interest rates to bottom out? If this describes you, now is the time! They’ve fallen into the zone I predicted early this year. I believe they will waffle up and down for the next few month’s. If the China deal gets done, I believe they […]
Fannie Mae and Freddie Mac considering the use of robots to do home appraisals.
Fannie Mae and Freddie Mac are looking at doing away with formal appraisals on homes valued up to $400k. They say they’ll start using robots to do appraisals to save the clients money. The $100 estimated robotic appraisal will use drones and algorithms as compared to $400 for a traditional appraisal. Saving the client an […]
Bank-owned houses still fetch big bucks
I share this articles statement that bank owned properties are “still” fetching big bucks. I have clients come to me all the time saying they only want to see bank owned and short sales. I ask why. They say because they only want a deal. Bank owned properties sell at market value! Same as […]