James Graff - Certified Mortgage Loan Originator Singer/Songwriter/Producer, Plays ALL instruments
I am extremely passionate about helping others achieve their dreams: learning their story, empathizing with their - and their loved ones - needs, wants, desires...dreams, bonding with them through shared knowledge and experience. And then - and really only then - helping them achieve their goals and dreams - purchase their dream home in their preferred neighborhood in 30 days or less...or refinancing their mortgage in 45-60 days - all the while explaining, educating, liberating and empowering..
Thursday, November 25, 2021
Making Offers & Buying a Bank Owned Property or REO - James H. Graff 732.500.6883
Bank owned properties - commonly referred to as "REO"s or "Real Estate Owned" properties - are properties taken into a bank's inventory after a homeowner fails to make mortgage payments and a foreclosure sale results. https://JGraff.AdvisorsMortgage.comThese homes are typically sold in "as is" condition and, in most cases, banks list these properties for sale through local realtors.REO homes are attractive to buyers because they are usually offered at discounted prices that are often lower than current market value.Additionally the properties are normally vacant so showings can be arranged on short notice.Before making an offer on an REO, consider hiring a licensed home inspector to give you an estimate of any repairs that you might need to make and keep in mind that most banks will not provide financing on their own REOs.If you choose to make an offer, keep your offer as contingency free as possible since you will probably be in competition with other buyers for these types of properties.
Sellers: You Are Likely to Get Multiple Strong Offers This Season
Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter is a win for you.
James H. Graff - 732.500.6883 https://JGraff.AdvisorsMortgage.com
Today’s buyers are still dealing with a limited number of homes for sale. Thanks to continued low inventory, those buyers are competing with one another for their dream home. And when that happens, if your house is one of the few on the market, it will rise to the top of the pool – and it will be worth it.
According to the latest data from the National Association of Realtors (NAR), the average seller received 3.7 offers on their house in September. For a view into what’s happening at the state level ask your realtor.
Nationwide, the average seller today is getting nearly four offers. That number is significant because it means you’ll likely have multiple offers to pick from if you sell your house this season. To put things into perspective, no matter where your state falls, remember that you really only need one good offer to close the deal.
Any offer you receive will likely be from a highly motivated buyer who’s doing everything they can to beat the competition. The stakes for buyers are high. They’ve been looking for a house and they want to lock in their dream home before prices and mortgage rates rise further next year. Chances are, they’ll get creative with the terms of their offer, which could include waiving contingencies and offering over the asking price – both of which are great news for you.
If you’re on the fence about when to sell, remember your house is a hot commodity this season. As other sellers take a break for the holidays with plans to re-list their homes in the new year, you can put your house in front of motivated buyers by making your move today. That means your house will be the center of attention, and likely the center of a bidding war too.
Bottom Line
Selling now gives you even more opportunity to win big as buyers compete for your house in today’s market.
Do You Know Your Mortgage Rate? By Decade? - James H. Graff 732.500.6883
One third of Americans don't. If you fall into that group you might not know what you are missing out on. Home mortgage rates by decade: 70s-8.86% 80s-12.70% 90s-8.12% 00s-6.29% 10s-4.09% Today's rates provide a unique opportunity to get more bang for your buck when you move. Low rates allow you to purchase more home for your money which can keep your monthly payment lower. These rates won't last forever. Let's connect to explore your options together.https://JGraff.AdvisorsMortgage.com
https://958.prequalifyme.today for no SS#/hassle/obligation help FREE Real Estate tips: http://RealEstateWithAdvisorsJG.com FREE Guides: Home Buying-https://bit.ly/33UTW2K Home Selling-https://bit.ly/3mTvLuv FREE “INSTANT” HOME VALUE: http://HomeValuesWithAdvisorsJG.com PREQUALIFY for loan: https://bit.ly/2GuyvgQ APPLY for loan: https://bit.ly/2HH6cwi 732-500-6883 https://JGraff.AdvisorsMortgage.com/contact https://facebook.com/nmls1974758
FREE MORTGAGE CALCULATORS: https://JGraff.AdvisorsMortgage.com/calculators
FREE (Downloadable, pdf) books:
"A Step-by-Step Guide to Financing Homes"
(call me for a printed copy: 732.500.6883)
"Best Selling Options in a Divorce":
https://james-graff.book.live/divorce-book
"My Secret Wealth of Information for Any Seller":
https://james-graff.book.live/biz-card-book
"Home Buyers Guide - Everything You Need to Know About Buying a Home":
https://james-graff.book.live/buyer-bookFREE current copy of my periodical eMag:
"HOME LOANS NEWS":
https://1drv.ms/u/s!Al3KFhVmz0hu8zVpDugzDgdYmOiv?e=RMwEP1
And FREE subscription for anyone interested in receiving it via email - just instant message me your email address - no hassle/obligation - cancel anytime - absolutely FREE!
"I wrote the book on home loans...;o)" - James H. Graff
FREE "beta/test" copy of my new 70+ page, pdf Ebook
"HOME LOANS:
LINKS to lots of FREE guides, tips, info, advice on virtually ALL current aspects of buying, selling and financing a home"
FREE copy: https://1drv.ms/u/s!Al3KFhVmz0hu8zh4BHmqfOrEdO9U?e=2kbvT4
HOME LOANS James Graff NMLS# 1974758
Advisors Mortgage Group, L.L.C. NMLS# 33041
2899 Highway 35 North Hazlet N.J. 07730
In 34 states of The United States of America:
AZ CA CO CN DE D.C. FL KS KY IL IN ME MD MA MI MN NJ NY NC OH OR PA RI SC SD TX VT VA WA WV
Cash out refinance, debt consolidation, renovation loan, reverse mortgage, pre-qualify, pre-approval letter, FHA VA USDA HELOC HECM FNMA Fannie Mae FHLMC Freddie Mac...
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Things That Turn Off Potential Buyers - James H. Graff 732.500.6883
When you're living in your home it's easy to
overlook certain things because you see them everyday but when you're getting
ready to sell your home it's important to look at things through the eyes of
potential buyers and to make sure you're addressing anything that might turn
them off. Here are some of the most common things that make buyers eliminate a
home:
Oders from food pets and smoking
Bright or weird colored walls
Messy bathrooms
Dimly lit rooms
Outdated appliances
Dirty dishes or cluttered kitchen countertops
Old wallpaper
Bugs or evidence of rodents
A damp basement
An unkept yard or untrimmed shrubs
Sellers that hang around during showings
Ready, willing and able buyers are sometimes
hard to find, so the last thing you want to have happen when a buyer finds your
home is for them to be scared away by something that should have been addressed
beforehand.
And FREE subscription for anyone interested in receiving it via email - just instant message me your email address - no hassle/obligation - cancel anytime - absolutely FREE!
"I wrote the book on home loans...;o)" - James H. Graff
FREE "beta/test" copy of my new 70+ page, pdf Ebook
"HOME LOANS:
LINKS to lots of FREE guides, tips, info, advice on virtually ALL current aspects of buying, selling and financing a home"
Mission statement: End suffering - save Earth. Long haired singer/songwriter, lead guitarist, keyboard player, saxy saxyphonist...mainly over the hill LOSER!! (La - hoo - za - her)!! Ivy league, Wharton Business School/Moore School of Engineering Management and Technology BURNTOUT-DROPOUT!! ("I wouldn't work if you paid me!!" and "The only thing I learned in business school is that I don't want to "work" a day in my life...I want to "play" and get paid for it!!!" Fearful leader of the bands: Graff Brother's Band, Jack, Mustang, formerly of the Drivers, Motor, Simple Man, High 'n' Dry, Signal Zero, Mardi Gras Band, Bertie Higgins, Dennis Yost, etc.(READ: "Musical SLUT - I will play any intsrument, with anyone, in any style for any amount of money!")
