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60439 : Real Estate Advice

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Activity 4
Tue Mar 22, 2016
Mwren11 asked:
Thu Jan 23, 2014
AJ Nichols answered:
So this is going from the mred archives but.

There were 110 single family homes that closed from 1/1/09 to 12/2/09 which is about 9.2 per month


There was 192 active with 15 under contract which would leave 177 active properties if all of those close.

So, if you take 177 properties that are active and divided by 9.2 homes closed per month you will have 19.239 months of inventory.
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Thu Jul 4, 2013
Lorrene April answered:
It is common sentiment that you have a bias against mortgage brokers and wrongly perceive that banks offer better mortgage options. I have over 25 years experience in real estate sales, and have learned during that time that the lender is critical in the financial well-being of my clients.

When you call a bank, you get their rate, price and program combination. When you call a mortgage broker, they usually have over 40 different sources of funds and widely varied prices and programs.

My experience is that mortgage brokers and mortgage bankers are far more competitively priced than any bank. In fact, if you care to find out more, a Vice President at Illinois' largest bank, wrote an article called the "Bankers Dirty Dozen". It lists 13 reasons why you should never go to a bank for your mortgage. Contact me, for further information.
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Fri Mar 15, 2013
Josh Barnett answered:
Your Realtor can, if you do not have a Realtor yet, interview some and hire one. You want a trusted relationship that will guide you through a home purchase.

Best of Luck.
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