FHA Offers Hope to Phoenix Homebuyers With New Program

Have you experienced a foreclosure, short sale, Chapter 7 or 13 bankruptcy, deed-in-lieu of foreclosure, loan modification, pre-foreclosure sale, or forbearance agreement over the past few years? Has this inhibited you from purchasing a home again as you’ve been told you need to wait 2 to 4 years before applying for another mortgage? Well there is hope with the new FHA program, "Back to Work - Extenuating Circumstances", that was official as of August 15, 2013. If it has been 1-year since you encountered the financial hardship that caused the disturbance in your housing situation, this new program enables you to … [Read more...]

How Real Estate Commissions Work

Are Commissions Negotiable? In some areas of the country there is a certain percentage that real estate agents expect to earn as a commission. This commission amount is a certain percent of the sales price. Or, some companies will charge a set fee for their services. However, just like anything else in real estate, this amount is negotiable. When completing the listing agreement, you and your agent will agree on the amount of the real estate commission. Cut-Rate Listing Commissions With the advent of the web, a lot of agents are offering “cut-rate” commissions. Most of the time, lower commissions are tied to … [Read more...]