RealtyTrac says home-flipping in San Antonio up more than 50 percent. The Alamo City was one of several cities highlighted for having the biggest uptick in such activity. Between the first quarter of 2013 and the first quarter of 2014, home-flipping activity in the Alamo City was up 52 percent, RealtyTrac reports. Read More
Assets Any single deposit or a cumulative total of all non-payroll deposits that are greater than 20% of the borrower’s gross monthly income would be considered a large deposit(s). For FHA purchase transactions a large deposit is defined as any deposit that exceeds 2% of the property sales price. Both an explanation for the deposit
What makes people want to rent a home? So why rent? During this most recent economic downturn, housing lost value for five straight years, illustrating the risks of homeownership. In 2013, despite a dramatic turnaround in housing prices and sales volume, a study by the Joint Center for Housing Centers at Harvard University found that
From RealtyTimes Most folks buy or sell real estate 2-3 times in their lifetime. When they do start to think about entering the buying or selling process, one of the first questions they ask is “why should I use a REALTOR®?” That is a very good question and one that people sometimes struggle to answer.
Can an exchange of e-mails between parties to a real estate transaction, either directly between the parties or through their brokers, constitute a binding contract? The question has been the subject of some debate as more cases involving the Uniform Electronic Transaction Act (UETA) are being litigated. To definitively answer the question, a review of