The Short Sale Option Explained

Anne Barnes — Tue, 20 Nov 2007 11:42:00 GMT

What's A Short Sale?

The so-called "short sale" of a home can be a viable alternative to foreclosure and will become more prevalent as millions of adjustable-rate mortgages reset over the next 18 months.

Short sales are an agreement between the lender and the property owner that allows a home to be sold for less than the amount owed. The lender makes the final decision in approving a short sale. Potential buyers need to understand a short-sale transaction before entering any purchase contract. While a buyer and seller may agree on the price, it's up to the lender to accept that price or not. It's a potential option based on the value of the property, the underlying fundamentals of what is owed and the anticipated marketing time. The lender has predetermined guidelines for the minimum amount they will take in the loan sale. When the sale proceeds do not ..(read more)

What Should You Buy - New or Resale?

Anne Barnes — Tue, 20 Nov 2007 11:38:00 GMT

Congratulations! You’ve taken the first steps on the homebuying path – deciding to buy a home. A maze of other choices await you and here’s one of the biggest: new or resale?

There is no ‘right’ answer. In the end, it’s really about what works best for you and your family. Here are some things to think about.

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Why Should I Use a REALTOR®?

Anne Barnes — Tue, 20 Nov 2007 11:37:00 GMT

REALTORS^® work on behalf of both sellers and buyers and bring valuable experience and knowledge to the transaction.

If you're buying, the purchase of a home is probably the largest single investment you will ever make and if you are thinking of doing it alone, you may want to reconsider. All the details involved in the home buying process can be confusing. A REALTOR^® has the time, resources and contacts to make the home buying process as trouble-free as possible. You can trust a REALTOR^® to protect your interests and to look after the details.

..(read more)

How Are REALTORS® Different?

Anne Barnes — Tue, 20 Nov 2007 11:36:00 GMT

REALTORS^® in Alberta were the first in Canada to achieve mandatory professional development for the members of their industry.

REALTORS^® in Alberta use plain language contracts carefully designed to provide maximum protection to you, the consumer.

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Anne Barnes's Blog by Anne Barnes

The Short Sale Option Explained

What Should You Buy - New or Resale?

Why Should I Use a REALTOR®?

How Are REALTORS® Different?