by ILGM Ninjas | Aug 21, 2013 | Buyers, Negotiations, Real Estate Advice, Selling
When you buy a home, your lender requires a copy of the purchase contract. They want to make sure that all the terms are met and their investment is protected. One of the sticking points is often the termite work. Once you include the Wood Destroying Pest Addendum in...
by ILGM Ninjas | Jul 24, 2013 | Buyers, Negotiations, Real Estate Advice, Real Estate Market Update
Typically when Realtors talk about “chasing the market”, we are referring to a seller who has priced his home to high. The property sits on the market for some time without offers, and then the seller decides to reduce the price. This new price may have...
by ILGM Ninjas | Jul 16, 2013 | Financing, Real Estate Advice
It sounds like you’re actually getting a preapproval letter and not a simple prequalification letter. Here’s the difference: Prequalification Letter The prequal letter can be done relatively quickly – you could have this within the hour if the...
by ILGM Ninjas | Jun 6, 2013 | Buyers, New Listings, Real Estate Advice, Redondo Beach
Redondo Beach Home Sales To follow up on my blog post on May 16th, the market is continuing to go crazy. All the listings that I earmarked 2 weeks ago: 2500 Ruhland, 2204 Plant, #A and 1933 Gates Ave, #B have all gone into escrow. 2500 Ruhland was on the market for a...
by ILGM Ninjas | May 22, 2013 | Real Estate Advice, VA Financing
I’ll be honest, it’s challenging in this market to compete with other buyers when you have VA or FHA financing. The reason being is there are so many buyers making offers on properties that sellers naturally gravitate to offers that are all cash or have...
by ILGM Ninjas | Apr 22, 2013 | Buyers, Financial Perspective, Real Estate Advice
I sat down with Ray Kay of Searchlight Financial today. He reminded me of how low rates are… and I don’t mean the average 3.5% rates. I’m talking about rates even closer to zero. This is how it works. You get an interest rate of 3.5% but you’re...