Sandy Creates Closing Delays & Slightly Lower Interest Rates
November 1, 2012 by Monica McNamara · Leave a Comment
Important information post Hurricane Sandy for buyers and sellers of Coastal Properties. November 1, 2012. www.Bankrate.com The good news: Mortgage rates snoozed this week as superstorm Sandy forced financial markets to shutter for two days and delayed loan closings nationwide. The bad news: Sandy also put many refinancers and homebuyers across the country in a [...]
Ocean City Real Estate Tips-The Benefits of the Turn-key Condo
June 12, 2012 by Monica McNamara · Leave a Comment
Investing in a resort condominium in Ocean City as a second home can make a great deal of sense for a lot of reasons. There’s a great way of life; rental income possibility; outstanding tax benefits; and all the joys of ownership in that equity builds up as the mortgage is reduced. Also there is [...]
Walk-Through Prior to Closing-PLEASE
March 20, 2012 by Monica McNamara · Leave a Comment
The purpose of the final walk-through is really simple and can take as little as 15 minutes, depending on the size of the house. This is the event where the buyer validates that the condition of the house did not change during the final weeks of the seller’s ownership. It gives the buyer assurance that [...]
What Raising The Bar Doesn’t Mean #RTB
February 5, 2010 by Monica McNamara · Leave a Comment
It doesn’t mean doing whatever it takes to get a deal done. It doesn’t mean undermining the very fundamentals of our profession just to line your own personal bank account. It doesn’t mean trying to sell real estate outside of your area of expertise. It doesn’t mean delivering poor customer service, but promising the sun, [...]
New RESPA Changes – What That Means To You
January 4, 2010 by Monica McNamara · Leave a Comment
HUD, (Housing and Urban Development), in an effort to improve disclosure of key loan terms and closing costs paid by the consumer when they buy or refinance a property, HUD has reformed the RESPA Rules. Here is a summary of the final rule: Good Faith Estimate – now it will be a three page document, [...]
It’s A Good Time To Buy A 2nd Home Or Investment Property
November 17, 2009 by Monica McNamara · Leave a Comment
Why It’s A Good Time To Buy A 2nd Home Or Investment Property Most owners that have a 2nd home or an investment property own that property in a different location then where their primary residence is located. It is quite common to have that property in a resort setting such as a beach or [...]
Where Are These Interest Rates Going – Ask The Experts
October 31, 2009 by Monica McNamara · Leave a Comment
Mortgage Rates Seen Below 6% Through 2010 Even as mortgage rates remain near record lows, the Mortgage Bankers Association believes that the looming expiration of a key Federal Reserve program may increase home loan costs next year. Still, the MBA expects rates to remain extremely attractive throughout 2010, helping to juice home sales and insert [...]
What's Better Than Average?
July 4, 2009 by Monica McNamara · Leave a Comment
I work with Coldwell Banker Residential Brokerage. They provide excellent current, topical real estate information to their clients and customers. Below is some excerpts from a recent “Market Watch” segment. You may hear statistical data that average home sale prices went up in the last two months. Certainly encouraging news to sellers! However, for the [...]
What Would I Want If I Were A Buyer Or Seller
June 24, 2009 by Monica McNamara · Leave a Comment
I published my very first blog on July 1, 2008. I wrote a blog about something I feel very passionate about. The lack of professionalism in our industry. I received an overwhelming response from this post. I remain firmly committed to these ideas… so I felt it bears repeating on my newest blog site. What would I want if [...]
