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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
When borrowers cannot lock the price quote that was instrumental in their decision to select the lender, which is usually the case in the post-crisis market, the price they finally lock is more likely… Read more
Blogged Fri Oct 7, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
Donna Ferrell…, Real Estate Pro in Los Angeles, CA
The number of new homes available for sale nationwide dipped to 163,000 at the end of August -- a new low in records dating back to 1963. And the sluggish sales pace, which translated to 6.6 months of… Read more
Blogged Fri Oct 7, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
You'd think with so many homes for sale, there would be no problem finding one to buy. However, plenty of buyers who would like to buy now to take advantage of low interest rates and prices can't find… Read more
Blogged Fri Oct 7, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
At the end of a mortgage loan process that takes weeks and sometimes months, all the pieces come together at a "closing." The major objective of a closing is to sign contracts and disburse the loan funds.But… Read more
Blogged Fri Oct 7, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
The temptation is strong: Clean up the yard, declutter the house, and put it on the market without spending time and money sprucing the place up for sale. This is especially the case if you anticipate… Read more
Blogged Tue Aug 9, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Foreclosure activity fell 29 percent in the first six months of this year compared with the first six months of 2010, according to a report from foreclosure data site RealtyTrac.A total of 1.17 million… Read more
Blogged Tue Aug 9, 2011 by Donna Ferrell, Broker Home Buying
Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Q: Knowing that I would be selling my home, I have been following price ranges for comparable properties to my home on a couple of major real estate websites. Now that I am ready to list, all the agents… Read more
Blogged Tue Aug 9, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Homeowners who anticipate that they will be selling their house within a few years want to net as much from the sale as possible. The usage of the verb "net" indicates that what matters is not how much… Read more
Blogged Tue Aug 9, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Q: I just wanted to inquire about property taxes relative to the selling price of the home. I have found a property that I am interested in. The price of the home is within my range, but the taxes are… Read more
Blogged Thu Apr 21, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
There are obvious decisions that need to be made before embarking on a home purchase. How much can you afford to pay? How much do you feel comfortable paying? Which neighborhoods offer the kinds of homes… Read more
Blogged Thu Apr 21, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Q: "My loan officer has told me that on a 5/1 adjustable-rate mortgage (ARM), paying $1,000 more each month for 60 months won't generate any savings over paying $60,000 in month 60, just before the interest… Read more
Blogged Thu Apr 21, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
By Inman NewsPending home sales were up 13.6 percent in California from December to January, with distressed properties accounting for more than half of pending transactions, according to a new index compiled… Read more
Blogged Thu Apr 21, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
The first step in the home-buying process is to find out what you can afford to pay for a house, condo or co-op. This will depend on the amount of cash you have available for a down payment, your credit,… Read more
Blogged Mon Apr 18, 2011 by Donna Ferrell, Broker Home Buying Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Q: I found an affordable house, but my significant other's credit scores are not up to par. What can we do?A: More and more buyers are experiencing challenges in buying homes and qualifying for a mortgage… Read more
Blogged Mon Apr 18, 2011 by Donna Ferrell, Broker Home Buying Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Q: We purchased a large home last year. The property overall was in good condition, with the home being only 10 years old. Now that winter is here, we are finding many areas of exterior paint flaking off;… Read more
Blogged Mon Apr 18, 2011 by Donna Ferrell, Broker Home Buying Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Imagine walking into an important job interview looking like you just dragged yourself out of bed. You'd be unlikely to make a good impression and diminish your chance of securing the job. The same goes… Read more
Blogged Mon Apr 18, 2011 by Donna Ferrell, Broker Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
A mortgage recast is an adjustment in the monthly payment that makes the payment fully amortizing. The recast will be a payment increase when the existing payment is less than fully amortizing, and a payment… Read more
Blogged Mon Apr 18, 2011 by Donna Ferrell, Broker Home Buying Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Real estate buyers today often turn down a listing because they think it's priced too high relative to the livable square feet it has to offer. In some neighborhoods, like planned unit developments, price… Read more
Blogged Mon Apr 18, 2011 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
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Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Things are changing rapid speed. We can not catch up! Almost nothing devalues a condo unit and makes it unsellable faster and more irretrievably than being located in a complex whose HOA dues delinquency… Read more
Blogged Mon Nov 8, 2010 by Donna Ferrell, Broker Home Buying Home Selling Property Q&A
Donna Ferrell…, Real Estate Pro in Los Angeles, CA
Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS®… Read more
Blogged Fri Nov 12, 2010 by Donna Ferrell, Broker Home Buying
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