Multiple Offers and Appraised Value: Be Aware

by on August 27, 2009
multiple offers appraised value

All over the valley, I am seeing clients "lose out" when putting offers in for a home - mostly in the sub-$200,000 range. Bank owns the property, puts it on the MLS, the offers pour in and more often than not I see my clients (those that don't have enough cash to buy the property outright) lose out to cash buyers. If I had to pick a number of the average times I see someone who wants to live in … [Read more...]

What You Should Do. What Should You Do?

by on August 19, 2009
normative statements

"Ma'am, I think the answer is quite clear:  what you should do is _________________." I learned somewhere along the way in an Ethics class in college that anytime you use the word should it could be considered a normative statement. Normative statements are often used to describe what we as a society generally accept as social norms - or maybe even what we could consider to be ethical. And … [Read more...]

Dead Man Walking: Death of Mortgage Brokers?

by on August 13, 2009

Jay's Note: Please give a big Phoenix Real Estate Guy welcome to Justin McHood, mortgage guy extraordinaire, from Arizona Mortgage Team. Justin's going to contribute here on a quasi-regular basis -- until he runs away screaming like a girl, quits or gets fired. His insight into the world of mortgages should prove beneficial to us all! Follow him on Twitter @jmchood. Earlier this week, one of … [Read more...]

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