Ask The Agent: Are There Hidden Costs To The Buyer In A Short Sale? Q. Are there hidden costs to the buyer in a short sale? A. There are no hidden costs in a short sale. If there are, turn around and walk away. For a more specific answer to your question, please watch the video. […]
Today I’m hoping to help those of you who are interested in buying a home that is a short sale. Short sale (real estate) – the lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss. As a buyer, a short sale can be a […]
Ask The Agent: Losing Home To Foreclosure Do We Have To Pay Tax Credit Back? Q. We are going to lose our home to foreclosure. We received the $8000 tax credit for first time home buyers. Will we have to pay it back? A. Unfortunately, the answer is most likely yes. There are some variables so […]
It’s important to stay on top of your credit report on at least an annual basis – and now, you can obtain a free copy of your credit report – with no strings attached… IF you go to the right website. If you pick one of the 3 major credit agencies website, there are strings. […]
Every state has their own way of doing property taxes. From how and when they assess and determine value, to homeowner exemptions, to taxation and payment. It can get confusing, especially in Idaho. Why? Well, for one, property taxes in Idaho are paid in arrears. That means we don’t pay our property taxes for the […]
Ask The Agent: Are There Zero Down Payment Loans Available In Idaho? Q. Are there any loans out there in Post Falls, Idaho for first time homebuyers that requires no down payment? A. Absolutely yes! There are a lot of loan options for all different types of buyers and several are “zero-down” loans. Watch the video […]
Ask The Agent: Should I Let My Rental Properties Foreclose, They Didn’t Short Sell Q. I own 2 investment properties that I bought and rehabbed in Idaho in 2006, one in Post Falls and one in Coeur d’Alene. Rent shorts mortgage payment by $36K/year. Homes are underwater $200K. Do I let them foreclose? Advice? Offer […]
Ask The Agent: My Home Won’t Appraise For What I Owe How Do I Sell? Q. I need to get out from under my house in Coeur d’Alene. I owe $150,000 and have a buyer but the house won’t appraise that high, what do I do? A. In short, your options are to bring money […]
I get this question a lot – especially with the media throwing around these terms almost interchangeably, it’s hard to know what each one means, and how they relate to each other. What’s the difference between a short sale, an REO and a foreclosure: Did that answer the question for you? Have more questions? Just […]
Let’s put it this way – if you (or an agent tells you this is how they figure this) use average or even median sold prices to determine if home values have appreciated or depreciated – your information is faulty, inaccurate, dead wrong, a waste of your time . . . Here’s why, here’s the […]
