It’s disappointing, frustrating and sometimes, discouraging when you lose a home you want to buy. One of the hardest lessons for today’s buyers is that writing an offer doesn’t mean that you’ll get the home or even a counter-offer. The low inventory affecting many of the housing markets requires a...
Read more
About: Maggi Pritchard
Recent Posts by Maggi Pritchard
An Unexpected Expense
Maggi Pritchard
Comments are closed
In a study released by TD Bank, 65% of buyers with mortgages that required mortgage insurance said the higher monthly payment was more than they originally expected. Private mortgage insurance is required on loans that exceed 80% of the home’s value. For conventional loans, the premiums range from 0.5% to...
Read more
What is a Seller’s Market?
Maggi Pritchard
Comments are closed
It is generally considered a seller’s market when the conditions favor the seller. This condition exists when demand is high and supply is low without any significant adverse economic conditions taking place. Demand is determined by ready, willing and able buyers. Low interest rates with indications that they will begin...
Read more
Don’t Leave Home Without…
Maggi Pritchard
Comments are closed
Planning a summer trip is usually focused on what you’ll do, see and experience. Enjoy it even more by spending a little time before you leave to make sure your home is safe while you’re gone. Consider these suggestions along with your other normal efforts: Tell your neighbors you’ll be...
Read more
Another Source for a Down Payment
Maggi Pritchard
Comments are closed
Most taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old. There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a home in the...
Read more
Recent Comments by Maggi Pritchard
No comments by Maggi Pritchard yet.
