The KCM Blog

May 2010

Who Cares What The Purchase Price Is… WILL IT APPRAISE?

May 13, 2010

The classic definition of what a home was worth has always been “what a reasonable buyer will pay a reasonable seller.”  That’s because MOST real estate transactions have historically involved reasonable people– people not under duress.  But today, with the enormous number of foreclosures, bank-owned property, strategic defaults, and short sales, all the reasonableness has [...]

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Shadow Looms Over Home Prices

May 12, 2010

“We should pay heed to foreclosure activity, which have reached their highest level in at least the last five years. As these homes are put up for sale, we may see some further dampening in home prices.” – S&P Case Shiller Home Price Index 4/27/2010 “We expect the high rates of negative equity and foreclosures [...]

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6 Factors to Consider When Pricing Your Home

May 11, 2010

Yesterday, we showed how even the experts are having trouble determining price in the current real estate market. There are so many moving parts and each part is evolving rapidly. Today, we want to look at the major determining factors in establishing the current value of a residential property. If you currently have your house [...]

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Why is Pricing a Home So Difficult?

May 10, 2010

We looked at the significance of a house as a home this past Friday. I hope everyone enjoyed the weekend and had the chance to personally feel the intrinsic value of a home. However, it would be unprofessional of us not to acknowledge that each house also has a market value, which is the price [...]

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The Highest Value of a House is as a Home

May 7, 2010

I have taken great pride in the fact that over the last three years I have researched the financial aspects of residential real estate better than most. I look at no less than seven different pricing indices each month to help determine present and future values. I have done extensive research on interest rates to [...]

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To Pay Points Or Not To Pay Points?

May 6, 2010

That is a question I have heard for all my years in the mortgage business.  There is no black-and-white answer to this question; hence, the reason for the discussion today. Let’s begin with a definition of “points.”  First the expression “points” is a shortened version of the more technical name “Discount Points.”  Discount Points will [...]

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