July 2018

Found 6 blog entries for July 2018.


New Construction Contracts

There is a lot of differences between landing on a new construction property and landing on a resale home.  There are numerous differences between both.  In this article, we will try to identify some of the critical issues that you will be confronted with when buying a new home. 


Contained within our GAR Forms, we have a new construction Purchase & Sale Agreement.  However, most builders have their own Purchase & Sale Agreements.  The GAR forms usually contain about ten pages.  Most builders have their own forms and most of the Purchase & Sale Agreements; which are somewhere between 40 and 60 pages of fine print. 

In most cases agents do not read them, to identify items that can adversely affect

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I initially began purchasing rental property as a way to diversify my wealth-building strategy. After I acquired three houses, I noticed that over the course of six months, my rentals were far out-performing my IRA and 401(k). I decided to pull my money out of the financial markets and reinvest it into building a strong rental portfolio. I’m not saying that this is a strategy everyone should employ, but I will say that anyone looking to build wealth should at least review the real estate investment vehicle.

The housing market crash has become a distant memory, and home prices are looking healthy again. That means there are good opportunities for investing in the residential real estate market.

If you’re ready to borrow for a residential

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Physician Mortgage Loans are a great option for Doctors! No money down. No jumbo limits. No private mortgage insurance (PMI). Finally, it seems like a product exists to reward physicians for their time training to be a physician.

At this point in the home buying process, they’ve already made a solid decision about how much to spend on their home and will have their finances in place.   So, the next step is to decide how to finance the home and whether a physician mortgage loan is the best option.

What’s So Special?

So how is the physician mortgage loan different than a typical mortgage? Here are some of its common features:

  • Zero (or very low) down payment required

  • No private mortgage insurance “PMI”

  • No rate

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With the number of homes that are being flipped; it is important to know and understand the types of loans that will allow for a home to close.  This is important for investors and for those who wish to buy a home that will be flipped.  Conventional loans are not a problem, but FHA can be.

Conventional Loan

When it comes to flipping homes the conventional loan does not have criteria that would be associated with title seasoning.  Although one of the things I do is supply the appraiser with a list of all of the expenses so that they can see what type of improvements have been made to the property.  This is very important.  That way they can look at the improvements and cost and realize that the house should have gone up in value.

FHA Loan

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Many people incorrectly assume that real estate agents are all basically alike and that having a real estate license is the sole qualification necessary to represent the interests of a buyer or seller. This misunderstanding has resulted in incorrect advice, unmet expectations, financial misfortunes, and broken friendships. There is a better way

In Georgia, anyone who successfully attends an approved 75-hour real estate course and makes a minimum grade of 75 on the state exam may secure a real estate salesperson license. If they remain in the business for three years, take another 75-hour course, and complete additional continuing education, they may take the brokers exam. This results in a total of 175 to 200 hours of classroom training for

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Over the last 20 years the legal relationship that a real estate professional has with a buyer or seller has seen significant changes.  Most all of us are familiar with the relationship that exists between the listing broker/agent and the seller; they sign a listing agreement and that broker/agent represents them in a way that is supposed to reflect their best interest.  In years past all other brokers/agents that showed properties listed by other brokers to their customers were in fact legally representing the sellers as sub-agents of the listing broker.  Needless to say this caused a lot of confusion.  Buyers thought that they were represented by the broker/agent showing them homes, when in fact that agent represented the seller.  Imagine that, sharing

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