If an agent isn’t busy, does that mean they will give better service?
Friday, 26 April 2019
Question: “We interviewed two agents to sell our home. We mentioned to the first one that we’re also talking to a certain well-known agent who has sold signs all over our area. That first agent said she could give me better service and do a better job than the other agent because she’s not as
- Published in Q&A - Home Selling Questions
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What is Fannie Mae?
Friday, 26 April 2019
Question: “I hear all this talk about Fannie Mae. What is Fannie Mae exactly?” Answer: Fannie Mae or FNMA, stands for the Federal National Mortgage Association. It’s a major market for buying and selling home loans and they have certain critical guidelines. If a loan doesn’t meet FNMA guidelines, it’s harder to sell, which typically
- Published in Q&A - Home Financing Questions
Are FHA loans only for first-time buyers?
Friday, 19 April 2019
Question: “Can I get an FHA loan if I’ve owned a home before?” Answer: Yes, contrary to what many people believe, you don’t have to be a first-time buyer to get an FHA loan. I think the confusion is because many first-time buyers do get FHA loans.
- Published in Q&A - Home Financing Questions
How to keep the low property tax assessment for an inherited property
Friday, 19 April 2019
Question: “Are propositions 60 and 90 the ones that let people who inherit property from a parent or grandparent keep the low property tax assessment?” Answer: You’re thinking of California Propositions 58 and 193. Propositions 60 and 90 allow people 55 or older to transfer their low Proposition 13 tax assessment to a new home
- Published in Q&A - Home Selling Questions
Can I get an FHA loan if I’ve owned a home before?
Friday, 19 April 2019
Question: “Can I get an FHA loan if I’ve owned a home before?” Answer: Yes, contrary to what many people believe, you don’t have to be a first-time buyer to get an FHA loan. I think the confusion is because many first-time buyers do get FHA loans.
- Published in Q&A - Home Financing Questions
How do you transfer property and keep the same tax assessment?
Friday, 19 April 2019
Question: “Are propositions 60 and 90 the ones that let people who inherit property from a parent or grandparent keep the low property tax assessment?” Answer: It’s not propositions 60 and 90. Those allow people 55 or older to transfer their Proposition 13 tax assessment to a new home under certain conditions. You’re thinking of
- Published in Q&A - Home Selling Questions
Does lowering the price make buyers and agents think I’m desperate?
Friday, 12 April 2019
Question: “If I lower my price, does that make buyers and agents think I’m getting desperate? I definitely don’t want that.” Answer: Neither would I! And the good news is that it doesn’t send that message at all. There’s an old “joke” in marketing: “What’s everyone’s favorite radio station? WIIFM, also known as What’s In
- Published in Q&A - Home Selling Questions