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Written by Bruce Clark

I’ve been a resident of Bucks County since 1979 and have been a REALTOR since 1995. I have earned the respect of friends & associates by maintaining a level of fairness & understanding of their needs. A big part of my process is the conversation. I believe a lot of agents have forgotten this. To sit down & really listen to what you are looking to accomplish & what your dreams and wishes are. I’ve always said it all begins with a conversation & it holds true for everything.

HomeArticles Posted by Bruce Clark (Page 8)
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I spoke of inventory in a recent blog with respect to this “Hot” market.  Today I will address Inventory Accumulation.  This is how many months it will take to sell all homes presently on the market based on the present rate of sales… 2013 Single Family Home Inventory Accumulation – January 6.6 months down 22.4% from […]

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I am sure you have heard all about the “Hot” market, how homes are flying off the “Shelf”, and prices are rising with multiple offers!!  Overall Real Estate sales are strengthening in most markets, some more than others.  Keep in mind those that were hit the hardest generally come back with a vengence and those are the […]

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What is an FHA loan?  It is a government insured loan (MIP-Mortgage Insurance Premium), plain and simple.  What is PMI ?  It is Private Mortgage Insurance.  What is the difference?  Well until recently not a whole lot.  As of April 1, 2013 FHA has increased their pricing and on June 3, 2013 FHA is changing their cancellation-of-the-premium […]

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……………………………..0 Point             1 Point Conventional 30 Year Fixed                 3.5%               3.375% 15 Year Fixed                 2.75%              2.5% 5/1 ARM                         2.75%              2.25% Government FHA 30 Year Fixed       3.25%             Call for rate VA 30 Year Fixed           3.25%            Call for rate Jumbo 30 Year Fixed                 3.75%             3.625% 15 Tear Fixed                  2.875%          2.75% Call me for more information or to speak with one of my personal Mortgage Loan […]

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A few final notes… Utilities – Prior to settlment, you will need to have all utilities transferred to you.  If the utilities are already on, it will be YOUR responsibility to call the appropriate offices and give them the necessary information to set up an account in your name.  Do not wait until the last […]

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Almost through the process… Certified Funds Needed – A day or so before closing, final figures should be available through the title company to let you know the amount of money you need to bring to closing.  REMEMBER, IT MUST BE CERTIFIED FUNDS obtained from your bank or credit union.  I suggest you have the […]

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Moving through the process… Insurances – You will need to speak to an insurance agent to determine needed coverage for your new home as soon as possible.  Be sure your insurance agent knows the Lender’s requirements.  Advise your insurance agent that I would be happy to help obtain the answers to any questions about the […]

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The process continues… Estimate of Monthly Payments – Also included on the “Good Faith Estimate” form is a calculation of your monthly payments based on the principal loan amount, interest rate, taxes and insurance costs (PITI payment).  Depending on the amount of your down payment and the type of financing used, there may also be […]

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There is more to the process… Earnest Money Deposit – When you make your offer for a property, all the terms and conditions will be included in the “Agreement of Sale” (AOS).  You are then required to include an “Earnest Money Deposit” check made out to the Listing Broker Agency.  This check will be deposited […]