This Month In Real Estate Canada September 2011

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From

kellerwilliams

Date

09/02/2011

Category

Entertainment

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www.kw.com Hello and welcome to This Month in Real Estate, I'm John Furber. Hello and ...

www.kw.com Hello and welcome to This Month in Real Estate, I'm John Furber. Hello and welcome to This Month in Real Estate. I'm JOHN FURBER. Our top story: A new survey reveals some surprising results about the power of being prequalified for a home loan. But first, the numbers. MAIN And now, our top story. According to KW research buyers who were prequalified had a significant negotiation advantage than buyers who made an offer with "subject to financing" conditions. More importantly, prequalification can protect buyers against a rate spike by locking in a rate for up to 60 days. If you're looking for a negotiation advantage and the assurance that your interest rates are locked in, prequalification might be your first step. For more we turn to News You Can Use. Once you've made your offer and have completed the inspection process, you're in the "home" stretch! But we're not there yet! This is the time when many buyers put the transaction at risk. Here are just a few things to keep in mind as you head toward closing on your home ... • Stay in control of your credit and finances. If you are tempted to make any large purchases during this time, it's best to talk to your lender first. • Keep in touch with your agent and lender, returning all phone calls and completing paperwork promptly. • Verify with your lender that all mortgage funding steps are completed. • Confirm with your lawyer, lender and sales representative that you have all the documents and funds needed for closing. For more ways to make the most of your home purchase, talk to your local real estate professional. That's all for This Month in Real Estate. Thank you for joining us.

Tags: real estate agent homes houses house market economy short sale foreclosure distressed properties equity appreciation investment mortgage loan percentage rate 30 year fixed 15 variable buy sell square footage maintenance staging pricing marketing location neighborhood rental fixer upper

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