Well, I can tell we are all slowly getting back on proverbial real estate "horse". It was not too long ago that I could get a young professional into a 500K home without any downpayment. Yep, that went away with the financial meltdown. To steal a term from the beloved Arnold Schwarzenegger - "I'll be back".
As a real estate professional I surely can remember thinking "Boy, those were the days!". Welp, strap on your bootstraps cowboys. I found a 100% conforming professional mortgage for up to 500K! I know, us conservative folk say that was not then, and is not now, a prudent decision. I do not personally disagree with that sentiment in general. However, the key word in this mortgage description is professional. Are you a resident doctor? If you are, then IMO you are professional that may need this type of product. In my PC opinion...give me a call (I am not a loan officer nor a mortgage professional) I will be happy to connect you to those in the know!
Thursday, March 21, 2013
Thursday, March 14, 2013
Truly Trulia and Zillow
With over 1 million visitors per month, Zillow has become a popular site for home buyers & sellers. I too have visited Zillow and Trulia on occasion. Typically it is due to a client call or inquiry relating to the home for sale down the street. While I do not expect nor want the general public to only go where I tell them. I must stress that 20% to 30% of the data on these sites is not accurate or reliable. 90% of all real estate website traffic in Central Indiana is in three sites (Zillow 40%, MIBOR 40%, Homes.com 10%). If you would like to find a home that fits your needs, MIBOR.com provides real-time data and market information unparalleled in the industry. Zillow and Trulia are not as accurate and presents homes based on sponsorship dollars more than your needs as a seller or buyer.
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