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What The Real Estate Market is Doing Today and How It Impacts You

Moving you in the right direction

Buyers’ heartfelt letters to sellers might backfire

Some real estate agents say that personal offer letters can jeopardize a sale.”There’s a belief that a letter tips the scales to the seller when negotiating the price and the inspection,” says Karen Kostiw of Warburg Realty in New York City. “The seller may interpret the letter as the buyers ‘showing their hand,’ and it could weaken their position to negotiate.”

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June is National Homeownership Month

June is National Homeownership Month

The U.S. government has historically promoted homeownership. Since 1934, more than 47 million households purchased a home with mortgage loans insured by the Federal Housing Administration (FHA). During the housing crisis of a decade ago, FHA played a critical role in keeping affordable mortgage financing available for millions of qualified borrowers.

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