Coastal Georgia Videos


Wednesday, August 6, 2014

Why Do I Need a Buyers Agent?

6 reasons why you should consider hiring a buyer’s agent

When looking to purchase a home, many buyers ask themselves “Do I Need A Buyers Agent”? The answer is yes.  Good buyer’s agents can be invaluable to clients. Here are some reasons why you should consider hiring a buyer’s agent:

1. A good buyer’s agent will help you to negotiate the price that you pay for your home.

They can provide you with the research you need to know what a good price is for your desired home.  The seller’s agent works for the seller and they are there to get the best price for the seller, you need an agent who has your best interests in mind, will negotiate hard on your behalf and tell you when to walk away instead of allowing you to overpay.

2. A buyer’s agent will protect your financial interests.

When you buy a home, you will put down a deposit.  This can be a substantial amount (customarily 5% of the purchase price).  A good real estate agent will help to insure that your deposit is always protected and there is No Risk of it being lost to the home seller. They will make you aware of the key dates, and help you stay on track so that you are working in accord with keeping your deposit protected.

3. A buyer’s agent will manage the home buying process for you.

There are often many components such as inspections, purchase & sale agreement applying for your mortgage, mortgage contingencies, that need to come together in a timely fashion, so that you can close and move into your new home.

4. They make their network of related professionals available to you.

These professionals may include lawyers, mortgage professionals, designers, and inspectors.  Some of these professionals have different areas of expertise or solutions that will work for you better than others.  A good real estate agent can help connect you with the expert you need.

5. They may end up being free!

Commissions are paid by the seller, so there is often no cost to you.

6. You might receive a commission rebate.

For instance, we rebate our buyers a 20% of our commission because we believe that typical commission structures are too high in today’s internet driven real estate environment.
Hopefully these tips have educated you on the benefits of exclusive buyer’s agents and you’ll consider hiring one from 247 Realty Service Team here at RE/MAX First Coast of Ga Realty the next time you’re looking to purchase a home. What has been your experience with buyer’s agents?

Saturday, August 2, 2014

Freddie Mac sells $659 million in “deeply delinquent” loans to unknown buyer | 2014-08-01 | HousingWire

Freddie Mac sells $659 million in “deeply delinquent” loans to unknown buyer | 2014-08-01 | HousingWire

Freddie Mac is set to offload $659 million in seriously delinquent loans to a single, undisclosed buyer. The transaction marks Freddie’s first sale of seriously delinquent loans.
According to Freddie, the sale was conducted via a competitive auction that took place at the end of July and was executed indirectly through Bank of Americaaffiliates.
Freddie selected the winning bidder “on the basis of economics” from a pool of 22 prospective buyers that took part in the auction.
When contacted, Freddie declined to identify the winner of the auction.
“The transaction was well received by the market and Freddie Mac will continue to look for opportunities to reduce exposure to less liquid assets in its investment portfolio,” Freddie said in a statement.
Bank of America Merrill Lynch and Credit Suisse Securities acted as co-advisors for the transaction.
The deal is expected to close later in the month of August.
The sale of the seriously delinquent debt joins other mechanisms that Freddie and Fannie Mae have employed to reduce the risk of loss to the American taxpayer.
Last year, Fannie and Freddie launched credit risk-sharing mortgage bond deals and to date, have issued $6.1 billion in notes in the risk-sharing deals.
But the loans in the risk-sharing deals perform much better than the loans that Freddie sold in this auction.
In a recent trend report from Fitch Ratings, Grant Bailey and Ryan O’Loughlin wrote that the performance of the deals has been “stellar” and that the ratio of delinquencies and defaults “remain immaterial.”
According to Fitch’s data, only 0.17% of underlying loans in the risk-sharing deals were currently delinquent as of July 2.