Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

Buying a Home: What does your Buyers Agent do for you? Part 1

by Elite Asset Management Team

Buying a Home: What does your Buyers Agent do for you? Part 1 

By: Pete Veres, CRS, ABR - Accredited Buyers Representative

Helps arrange financing.

1. Assist in locating sources of mortgage loans and options

2. He helps you review how much you can afford but how much you may want to spend.

3. He will provides assistance in comparing different financing options.

4. Helps provide information on purchasing incentives that may be available.

 

Assist in finding the right property.

5. Identify your needs and wants in a property.

6. Find appropriate available properties.

7. Set up an automated e-mail alert system that immediately notifies you of properties that fit

your requirements.

8. Sort through inaccurate information about homes in the area.

9. Provide ready access to all MLS-listed properties.

10. Network with other agents for properties not yet in the MLS

11. When required he can preview properties prior to showing.

12. Help select the proper homes for viewing that meet your needs

13. Aid in narrowing your search until you have identified your top choices.

14. Schedule all appointments to view homes

15. Assist in analyzing the pros and cons of each property.

17. Help you in evaluating properties for suitability, affordability, and resale value.

Mortgage Rates Up A Bit But Remain Below 4%

by Elite Asset Management Team

Mortgage Rates Up A Bit But Remain Below 4%

We have seen about  four weeks of decreases in mortgage rates and now the 30-year fixed-rate mortgage moved up a bit this week but stayed near yearly lows under  4 percent as per Freddie Mac's weekly mortgage market survey.

Freddie Mac reported the following national averages with mortgage rates for the week ending Dec. 11:

    30-year fixed-rate mortgages averaged 3.93 percent, with an average 0.5 point, rising from last week’s 3.89 percent average. Last year at this time, 30-year rates averaged 4.42 percent.

    15-year fixed-rate mortgages averaged 3.20 percent, with an average 0.5 point, rising from last week’s 3.10 percent average. A year ago, 15-year rates averaged 3.43 percent.

    5-year hybrid adjustable-rate mortgages averaged 2.98 percent, with an average 0.5 point, rising from last week’s 2.94 percent average. Last year at this time, 5-year ARMs averaged 2.94 percent.

    1-year ARMs averaged 2.40 percent, with an average 0.4 point, dropping slightly from last week’s 2.41 percent average. A year ago, 1-year ARMs averaged 2.51 percent.

Displaying blog entries 1-2 of 2

Syndication

Categories

Archives

Contact Information

Photo of Elite Asset Management  Real Estate
Elite Asset Management
RE/MAX Elite
8300 Carmel Ave. NE Ste. 201
Albuquerque NM 87122
(505)362-2005
Reviews on Zillow
4417042
"Professional and Knowledgeable about real estate in the area, patient with difficult customers like me and my wife (who occasionally wanted very ... more "
5.0/5.0
by rezaarghavani
4279664
"We interviewed the top 4 realtors in our zip code and Pete was at the top of the list. His presentation was professional and well thought out. ... more "
5.0/5.0
by chuck tabbert