By Michael Hoover, General Manager of Mavi Unlimited Property Management and Real Estate. When considering whether or not to approve an applicant, I look at 4 basic factors: 1) Credit Score – While many renters do not have excellent credit scores (why they may be renting in the first place), the score and, more importantly,.
Anyone buying real estate today must have a plan to position their offers against other deals, especially cash deals. Cash Buyers have gobbled up properties the last few years snatching them right out from under traditional buyers with quick closings and eliminating the risk of financing delays. Some sellers even agree to a lower price.
At the last FOMC Meeting, the FED announced they were removing the hard unemployment rate target and would be using other data along with the unemployment rate to guide interest rate policy. While this makes a lot of sense, the market did not like it one bit and rates jumped. The change had to happen.