Search Results for:

You are here

Blog 2 days ago
Refinancing Does Not Cause Your Property Taxes To Go Up

This is one of those urban legends. People are concerned that because the house is appraised by the lender, the assessor is somehow going to find...

Share
Blog 5 days ago
Should You Pay Off Your Mortgage Faster?

I have to admit to being conflicted. The numbers say no. The psychology says yes. Let's examine both. Most first mortgages out there are between...

Share
Blog 1 week ago
Using the Real Estate and Mortgage Information Found Here

The inspiration for this article came when I checked my referral logs and found an article where somebody was essentially saying "If you want to be...

Share
Blog 2 weeks ago
Wells and Community Water Systems

We read Searchlight Crusade every day and consider your essays a priceless education in avoiding the major pitfalls in the home-buying process. On...

Share
Blog 2 weeks ago
Mortgage Accelerators, Money Merge, and Paying Your Mortgage Down

My article Debunking the Money Merge Account Scam has been getting a lot of attention and a large amount of hate mail lately. The scamsters that...

Share
Blog 2 weeks ago
Listing Agreements: Exclusive Right to Sell Versus Exclusive Agency

There are actually several different kinds of listing agreements. They get their names from the rights conferred when you sign the contract. The...

Share
Blog 2 weeks ago
Owner Occupied Loans Only Require A Year of Occupancy

I have a landlord, that is always harassing me every 2 weeks, for the past 2 years, on the upkeep of the property, and wants to have inspections....

Share
Blog 2 weeks ago
There Are No Schools That Teach What A Good Agent Needs to Know

I find it fascinating the number of people who will claim that because no college degree is required to become a real estate agent, that agents can...

Share
Blog 3 weeks ago
Personal Loans For A Real Estate Down Payment

With the down payment presenting the largest difficulty for most people want to buy right now, I am covering every base I can think of as a place...

Share
Blog 3 weeks ago
Negotiation Requires More Than Dueling Ultimatums

Not too long ago, I started negotiating for a property. I did extensive research online, and and I and my clients visited several competing...

Share
Blog 4 weeks ago
Rent to Own and Lease With Option to Buy

This has always been a portion of the market, but right now, more and more people are emphasizing it, or at least the ones who are able. Actual...

Share
Blog 1 month ago
"All of the Good Properties Get Offers So Fast!"

That's way up there on the list of complaints buyer's agents get. Probably number one, definitely no lower than number three, and it's only going...

Share
Blog 1 month ago
When to Get A Buyer's Agent and Start Looking at Property

You are ready for a Buyer's Agent when you are ready to act on it if that agent finds you something that meets enough of your criteria. By act, I...

Share
Blog 1 month ago
What Sellers Need: What Buyers Should Want to Supply When Making An Offer

Quite often, I hear people talking about the real estate market as if it's all some amorphous blob, and buyers and sellers are no more different...

Share
Blog 1 month ago
Rental History and Payment Shock in Applying for a Mortgage

First, I just got engaged, and my fiancee and I have been discussing what we want in a house after we get married. It will be the first house for...

Share
Blog 1 month ago
Desperation Mining: How a Buyer Hits Paydirt (and How Sellers Can Avoid it)

One of my favorite blogs ran a picture of a listing sign that included the caption "REDUCED But Not Stupid or Desperate." I beg to differ on the...

Share
Blog 2 months ago
Procuring Cause and Multiple Agents

The first thing I've got to say here is that I am not a lawyer, so for specific legal advice for your state and your situation, consult one. That...

Share
Blog 2 months ago
Buying Teardown Properties and Condemned Buildings

Dear Mr. Melson: My husband and I are great fans of your Searchlight Crusade essays. Excellent work! In today's mortgage-mess market, will lenders...

Share
Blog 2 months ago
Stupid Negotiating Tricks: Appeal to Pity (or Falling for Appeal to Pity)

A while ago, another agent in my office got an offer and brought it to me for feedback. The listing was range priced over a $30k range, and priced...

Share
Blog 2 months ago
If You Don't Think Agents Are Valuable, Do It Yourself

And I mean that literally. Do it all yourself with no begging for free property advice, free help, free negotiations help, free real estate...

Share
Blog 2 months ago
How To Buy Bargain Real Estate

There are two main sources of bargain properties. The obvious one that everyone knows about is properties fresh on the market where the owner doesn...

Share
Blog 2 months ago
Credit Lines: Number and Length of Time Open

from an email: On a related note, I hope you might have some advice for us. My husband and I just sold our condo. But we are NOT buying at the...

Share
Blog 2 months ago
Save For A Down Payment or Buy Now? (Part 2 of 2)

(click for Part 1 of Save For A Down Payment or Buy Now?, which deals with the basic question of how well saving for a down payment increases...

Share
Blog 2 months ago
Being Realistic Saves Money on your Mortgage

If you haven't heard about the thirty year fixed rate mortgage, welcome to planet Earth and I hope we can be friends. The thirty year fixed rate...

Share
Blog 2 months ago
Buy Now vs. Wait: Some Practical Hypotheticals

The original appeared in April 2006, but has been updated for changes I am hoping to buy in the (city) area and am reviewing the possibilities....

Share
Blog 3 months ago
Real Estate "Pig In a Poke"

Over five hundred years ago in Europe, there was a con game that was more practiced than any other con game in the history of the world. It was...

Share
Blog 3 months ago
Agents "Buying" Listings: Promising the Undeliverable and Hurting Their Clients

Quite a lot of the time when I view a property, I get requests for feedback. Usually it's an automated email. Other times, it's some office...

Share
Blog 3 months ago
What is Real Estate Worth?

One of the most common questions in real estate is "What is this property really worth?" The easy answer is the same as the deepest, most profound...

Share
Blog 3 months ago
Trying to Buy Real Estate Below Market

This question: What real estate office can I trust to help buy below market house in (location) California? brought someone to the site and I have...

Share
Blog 3 months ago
Definition of Purchase Money, Cash Out, and Rate /Term Mortgages

Purchase Money: This is a loan that enables you, in combination with your down payment, to actually purchase the property. If you spend cash to buy...

Share