June 24, 2014
One of my clients recently asked about home prices and interest rates. Specifically we were talking about the Albany housing market in 2014 and where we think home prices and interest rates will be in 2015. First off, let me just put out the disclaimer. I’ve been wrong before and I’ll be wrong again. So I […]
Posted in Albany, Buying, General, Market, Mortgage, Saratoga, Selling
June 15, 2014
Here are the latest highlights of the Capital Region real estate numbers, as released by the Greater Capital Association of Realtors. These numbers were released at the end of May and reflect the most recent reported sales data in 2014 (from the month of April). Interestingly pending sales and home prices declined, as did inventory […]
Posted in Albany, Buying, General, Market, Saratoga, Selling
March 24, 2014
We advise every buyer we work with to get pre-qualified for a mortgage (assuming you are not paying cash). The New York Times, recently covered the issued and reinforced the benefits of a strong pre-qualification letter. Monticello recommends only working with mortgage lenders who complete a comprehensive pre-qualification process that goes beyond just reviewing the […]
Posted in Albany, Buying, General, Market, Mortgage, Saratoga
March 14, 2014
FREE ADVICE: I have a purchase contract, representing the buyer, which was supposed to close on March 3. We’re still waiting on the mortgage commitment letter (good news it’s coming today). The bank forgot to order their appraisal. This is a local bank (not one I recommend), but unfortunately these incidents seem all to common. […]
Posted in Albany, Buying, General, Market, Mortgage