Kevin Savoie's (kevinsavoie) Blog

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Real Estate Agent - Keller Williams
RECENT BLOG POSTS
1.  VA 2.  Fannie Mae Repo 3.  FSBO 4.  Bond for Deed 5.  State Bond Money 6.  USDA 7.  FHA 8.  Relo 9.  FHA Repo 10.  Lease Purchase 11.  No Document Loan 12.  Parish Bond Money 13. Cash 14. VA Repo 15. Renovation Loan 16. Construction Loan 17. Bank Repo 18. Bridge Loan 19.  3/2/1 Buy Down 20. U...
08/03/2008
New legislation designed to help mortgage lenders Fannie Mae and Freddie Mac will take effect October 2, 2008. Although passed to support the mortgage industry, individual borrowers will find it harder to get loan approval. Lenders will begin requiring higher credit scores and more money down. In...
07/25/2008
Okay maybe not a second opinion, but it pays to shop around when it comes to your home. Whether it's homeowners insurance, a mortgage, or even a real estate agent, it pays to shop around. When considering buying a home or property, check more than one lender. Banks and mortgage companies have dif...
07/11/2008
Existing home sales increased 2 percent in May. The national median price for exiting homes is down 6.3 percent to $208,000. This decrease is sales price has undoubtedly brought more buyers into the market. On the other hand, new home sales declined by 2.5 percent with median sales price down 5.7...
06/26/2008
This is a reminder that real estate is all about location. The national foreclosure rate is up 60% from this time last year. Louisiana's foreclosure rate is down 15.25% for the same period. Our state is one of only five in the nation that can claim a drop in foreclosure its rates. So remember, na...
03/17/2008
CNN reported yesterday that the average home sale price in the New Orleans Metro area is down 6.7% from this time last year with the average price being $166,000. Baton Rouge has done better with an average sale price of $174,000, up 1.4%. The national average is down 1.5% for an average price of...
09/01/2007
To start, if you have a mortgage on your property the mortgage company will require you to carry homeowners insurance since the mortgage company has an interest in your property. Homeowners insurance policies cover most major perils such as fire, wind damage, etc. A home warranty on the other han...
08/10/2007
Many sellers try "For Sale By Owner" for the following reasons:     Attempting to save on commission.     Selling for the challenge of it.     Not knowing a reliable agent.Now here are some questions you might consider before selling your home yourself:     Are you comfortable with contracts and ...
07/31/2007
A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. For homeowners who are upside down and can no longer make their mortgage payment (because of either a job loss, divorce, or an option ARM that's resetting ...
07/20/2007
AREASLIDELL114 - 120DATES     1/1/06-6/30/06     1/1/07-6/30/07AVERAGE SELL$173,756$194,917CHANGE IN SALE PRICE12%NUMBER OF SELLS1197694CHANGE IN NUMBER-42%DOM3477CHANGE IN DOM126.47%SP/LP RATIO95%97%CHANGE IN SP/LP2%NUMBER OF HOMES CURRENTLY FOR SALE 1023In a nutshell, average sale prices are up...
07/15/2007
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