Dick Clark
REALTORŪ
(DRE License Number 01115001)
Kris Demarest
REALTORŪ
(DRE License Number 01490403)
PRUDENTIAL CALIFORNIA REALTY 6111 Johnson Ct. #110 Pleasanton,
CA
94588 925.463.6178 925.218.1281 Contact Me Visit My Web Site Print Newsletter
Real estate contingencies make comeback During the recession of the early 1980s, when mortgage interest rates hovered near 18 percent, few home buyers could qualify for financing, particularly if they already owned a home that needed to be sold before buying a replacement home. Offers made contingent on the sale of the buyers' current home were popular.
Contingent-sale offers are increasing in the current housing market. Most buyers who want or need to make a move to a home that better suits their current lifestyle can't qualify to buy before selling their existing home due to stringent mortgage-qualifying criteria.
...more
Avoid house-rich, cash-poor pickle DEAR BENNY: I am 58 years old and married. I have 22 years left on my 30-year mortgage, which is at 5 percent. I have a Roth IRA. I have some extra money to invest. In this current economy, what might you suggest? Should I pay money toward the principal on my mortgage? Put it in the Roth? I lost money in the stock market (bank stocks), so please don't suggest that I go back into stocks. Thanks in advance for any knowledge you might share.
--Tommy
...more
A simple guide to home seller disclosure How would you like to find out after you've closed and moved into your new home that the basement is rat-infested? You call a local pest company and discover that the sellers hired the company to treat the house for rat intrusion.
...more
Your Newsletter is
Powered by the CALIFORNIA ASSOCIATION OF REALTORSŪ
