The United States' current inflation rate now stands at 9.1%.  One of the Fed's answers to curb inflation is to raise interest rates.  While mortgage rates aren't directly tied to Federal interest rates, the Fed has an impact on mortgage rates, along with other important factors.  The Fed is trying to slow an inflation rate not seen since [...]

Are you a buyer that is frustrated by multiple offers in the current real estate market? Consider using an "Escalation Addendum" to submit with your offer.  Let's take a look at and explain what an Escalation Addendum is:

 

Escalation Addendum- Part of a purchase and sale agreement for an offer to purchase property. Using the addendum above; [...]

Explaining the Backup Offer

Are you a Maine real estate buyer that has been in a bidding war for properties? Consider making a first position back-up offer on a property that is already under contract.  Sellers love a back-up plan to sell, without putting their property back on the market in the event that their current deal falls through. [...]

 

 

Some Highlights

• The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track.
• Because of increased demand, you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward.
• If you’re looking to buy a home this year, work with a real estate professional so you have a dedicated partner and teammate to help you find the
• [...]