First Home Purchases – Real Estate

The real estate market was hot for so long (1998 to 2007) that many agents who entered the real estate industry during this time period did not have a clue of what a buyer’s market was. Until the recent real estate and mortgage crash, the market definitely favored sellers. Homes sold quickly and in many cases homes sold for prices above what they were listed for. As a result, buyers learned they had to move quite quickly. In fact, it became simple routine for buyers to waive inspections and other basics in a bid to move forward as quickly as possible. These buyers were well aware that it was common during this time for sellers to receive multiple offers, which In some cases escalated into a bidding war. Read more at First Home Purchases – Real Estate

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humor

If the government can’t run business, how come businesses always run to the government for a bailout when it runs into trouble?FHA-insured mortgages, government run for 75 years. Lest we forget?