Real Estate Agent Pointing While Showing the House to Couple

When you’re selling or buying real estate, whether residential or commercial, hiring the right agent can make the difference between sale or no sale. Presently we’re involved in a commercial purchase transaction, with a purchase price of more than $3 million. Unfortunately the appraisal for the property came in $800,000 below the contract sale price,…

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According to Steve Deggendorf, a director in Fannie Mae’s economic and strategic research, between 40%-50% of Americans with a mortgage have never refinanced and have an average mortgage rate around 6%. Since there are roughly 50 million mortgages outstanding, that means 20 million-plus households could potentially refinance. Fannie Mae’s national housing survey lists the top…

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As professionals working within the real estate industry, we are and should be held to the highest standards under the law when it comes to protecting the interests of our client. You’ll find many definitions of “fiduciary duty,” but this one seems to sum it up perfectly. “A fiduciary duty is the highest standard of…

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I received a call last week from a mortgage broker with a question about a possible title insurance claim. He was contacted by a client who has a friend that refinanced in 2006. At closing the homeowners paid off their existing mortgage, a municipal utility lien for $15,000 and received a small amount of cash…

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Last week I came across a post on a social media site from a real estate agent in PA who was teaming up with their in-house mortgage company and a title insurance company, offering discounts on their services when you hired them to buy a house. The real estate company was offering a modest commission…

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I stumbled upon this Facebook post today from a local real estate broker. The names have been changed to protect the greedy. “What a great office/business meeting today. We had 85 percent of all our agents in attendance.  Our title company XYZ Abstract released our quarterly profits. Our agents with one share got a check…

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I’ve always said that an educated home buyer should start the process by finding the title/settlement company they would like to use before they get emotionally involved in negotiating for the new house.  This is especially important when buying new construction.   When you deal with a builder, you’ll need a good title company to assist…

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I recently received a phone call at 9:42 am on a Sunday morning from a very nervous couple, clients of ours who had just settled on their new home the Friday before. Over the weekend, they began the process of moving into the house when they discovered mold along the baseboards in two of the…

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Associates Land Transfer Company recently celebrated its eleventh anniversary in business. I’m proud to say that the principles on which we founded the company eleven years ago continue to be the driving force when it comes to our success today. Our goals were relatively simple. 1.    To provide the best customer service in the real…

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It isn’t all that uncommon for a purchase closing to be delayed due to an issue with the buyer’s mortgage company. Problems with the appraisal, an insurance issue or a buyer that is slow providing all of the required paperwork, just to name a few. Last Friday, we were scheduled to handle a closing in…

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If you’ve sold or purchased a house in the last ten years or so, you most likely paid your real estate broker/agent a conveyancing fee or flat fee commission.  This broker service fee ranges from $150 to $500, an amount due in addition to the base commission on the sale or purchase. With several different…

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I couldn’t help but have one of those feel good moments after our company helped this young couple save so much money at closing. This story is not exceptional; the scenario I’m sharing is fairly typical for a new construction settlement when we’re involved. As the title agent hired by this Bucks County couple, we…

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We recently received an email from a potential customer who was trying to be an informed consumer and get a fair deal on a mortgage. Here’s the opening line: “I’m considering a refinance to shorten term and lower rate. Lenders are unable to provide any kind of transparency (or patience) with questions on fees.” Unfortunately,…

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