Practical Advice For Homebuyers


Three Reasons to Rent Before Buying in a New City

It’s a standard scenario. I’m at an open house, meeting potential buyers and homeowners. In walks a couple just off an airplane from across the country. They’ve taken a great new job…

Insider’s Guide to Success with Short Sales

Many real estate agents steer their clients away from a short sale because they think they take too long, that their commissions will be lowered, or simply because they don’t know a…

Buying a Home in the Next Year? Time to Get to Work!

Even with interest rates and home prices at all-time lows, many potential home buyers, especially first-timers, are on the sidelines. They’re concerned about the economy, their job, their savings, or their ability…

Lenders Getting Tough Lending on Condo Associations Without Proper “Reserves”

Condo owners usually pay a monthly homeowner’s association (HOA) or maintenance dues. These assessments cover building upkeep, utilities, hazards insurance and fees for a property manager, doorman or managing agent.  Most HOAs…

Brendon’s Eye on New York: Are Condos the New Co-Ops?

Unlike San Francisco and most U.S real estate markets, New York real estate is dominated by cooperative apartments, or Co-Ops.Whether you’re a regular Joe or a famous film star, to buy a…

How to Address a Leaky Window After Escrow Closes

Got this question from a friend on East Coast this week. Q: We bought our house months ago – now one of the bedroom windows leaked in the past rain storm– seller…

3 Ways to Protect Your Escrow Deposit

You’ve made an offer on a property, the seller has accepted, and you’re ‘in contract. Now it’s time to put your money where your mouth is, as the saying goes. At this…

Chart Showing Average Mortgage Rates Over Past 30 Years

I always like to look at this chart.  It shows yearly averages of conforming loan rates for a 30 year fixed loan.  For those of us who weren't around to enjoy a 16% interest…

Buyer’s Guide to Understanding Today’s Seller

Is the person selling the home you want a Music Facer, a Dream Chaser, or a Long-Distance Racer? As with any high-stakes negotiation, it helps to know the type of seller with…

First step in home buying: Look at houses or talk to bank?

If you have been saving up some money for some time, are steady with your job and looking to put down roots, then it is likely a good time to think about…