Compared to historical averages, median-priced homes are less affordable in 94% of counties across the country, according to new figures from Attom Data Solutions.
The Price of Expert Advice By Shmuel Shayowitz | May 20, 2021
I recently bumped into a past client, who reminded me of how I “saved his neck, big time,” and expressed how appreciative he still was. At the time, he called me for a rate quote on a home he was looking to buy – with no mortgage contingency – that needed to close within 45 days. He was a few days into a contract to buy a home “all cash,” and the $540,000 was due in about six weeks. He was looking for the best rate and someone who could assure the closing before the deadline. No one knew at the time, including me (until now), that he didn’t actually have the money needed for closing if he didn’t get a mortgage. He was at risk of losing his fifty-four thousand dollar contract deposit.
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