Posts from April 2011
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13
Fannie Mae Announces 3.5% Buyer Assistance on REO Properties
Fannie Mae announced Monday that borrowers purchasing a Fannie Mae-owned property through HomePath, the GSE's REO disposition operation, will receive up to 3.5 percent in closing cost assistance. The initial offer must be submitted on or after April 11, 2011, and the sale must close on or before June 30, 2011 to be eligible for the incentive. Fannie Mae said it can give no assurance on the time required to close, but initial offers submitted after May 15, 2011 are particularly questionable for closing by the incentive deadline of June 30. To qualify, buyers must reside in the home as the... 7
Real Estate and Financing Are PERSONAL
Every day we are bombarded with statistics and data. Housing starts are up, housing starts are down; more job losses, unemployment is improving; foreclosures, short sales, housing inventory, interest rate movements and much more. It's enough to make your head spin. There's an old saying that claims: "All real estate is local". It infers that national numbers are good reference points, but that individual communities (or even pockets within communities) can have strikingly different realities. When prices are falling nationally, there are some places where prices are holding steady or rising as an example. I believe that even that old saying is too broad. Buying a home or structuring the financing of a home isn't a local phenomenon….it is a personal one. It's the same as the econom...
5
2011 Spring Parade of Homes
1
What is a QR code? And what does it do?
Ruhl&Ruhl REALTORS has adopted some new technology to create QR codes, which look similar to a barcode, for all Ruhl&Ruhl listings, allowing our Realtors to market our listings even more effectively. Ruhl&Ruhl's QR codes will contain the basic information such as price and square footage on the home, address of the home and the real estate agent's contact information. Although this is still early technology, Ruhl&Ruhl REALTORS is quickly taking speed and finding smart innovative ways to use this new piece of technology. You may have noticed these little squares popping up on marketing pieces, billboards and newspaper advertisements. A QR Code (short for Quick Response) was created to allow its contents to be decoded at a high speed. A QR code is a specific matrix barcode (or two-dimensional code), readable by dedicated QR barcode readers and camera phones. Common in Ja...
