BobMossRealtor.com

I just want to make sure I thank the many customers that have made my residential real estate business a success over the past 5 years. Now, with over 45 years as a business and computer professional, I have decided to engage other interesting activities while maintaining only the referral portion of my real estate business in MA and NH. Therefore, I will not be accepting new clients at this time.  I am so grateful to have helped many people in the pursuit of property changes. It is satisfying to receive the many compliments about bringing high standards of knowledge, skills, and hard work to this real estate industry.

Also, thank you for the continued feedback and following of this blog over the past several years. As you might expect, I may not be as active with the bi-weekly updates, etc that we have enjoyed.

My thought for the day — simplify it. it’s not that difficult to do.

Most of us have witnessed continued troubled times this year regarding the housing market. People have written books, experts have gotton a lot of work, and many deserve a degree in the workings of finance/economics. However, we must not lose focus when getting into the housing market (buy or sell).
Everyone knows the rates are relatively low, prices are continuing in downward trend, credit is difficult, etc.
So as we approach winter, I see an opportunity to now obtain that special home (but don’t be anxious).
1. Foreclosures will increase as the lenders will be releasing more homes to market.
2. Many buyers acted already this year with a good summer market. Now good inventory.
3. If you are ready (know what is sustainable, what you need, preapproval, credit shining), the special home will be there.
4. For sellers, make it a beautifully staged home within the guidelines of the neighborhood.
5. Even better pricing should prevail and get that best price via a realtor. I haven’t said this for 5 years but now I do think pricing and rates should yield comfortable monthly expenses. Check your on-going planned costs carefully.

Or at least it seems that way. And this is a good thing in order to make the big decisions regarding big purchases/sales.

For example, Interet rate vs.  APR? —– The interest rate (rate paid for use of money borrowed) is not the same as the APR rate (Annual percentage rate) but is usually seen side by side (regulatary reason). The interest rate is used in the calculation of your mortgage payment.  The APR includes a series of fees  (like points, doc, lawyer, processing, commitment, etc.) to  measure the ˜true cost™ of the loan.  It should help in comparing rates but be aware the fee inclusions may not be exact from lender to lender, so ask questions.  Anyway, there is now a required GFE (good faith estimate) initially  provided to you that should also help in comparisons. I  will try to include questions like this from clients in future posts.