Benefits of a Good Faith Estimate (GFE) When Buying a Home
Posted by Jolenta Averill on
The process of buying real estate is a financial decision that can influence the rest of someone’s life. It’s a big deal, and although there are mechanisms in place to assist people throughout the journey, there are many tough decisions that lead up to a closing date.
One specific way that prospective home buyers are aided is through good faith estimates (GFEs). Established by the Real Estate Settlement Procedures Act (RESPA), good faith estimates are in place to help people acquire and utilize the most efficient loan for their particular situation. This is critically important, as the scale of money involved with a real estate transaction is often overwhelming for those signing on the dotted line. When dealing with finances on this level, buyers want…
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The ability to search homes by Street Name has been available on lakeandcityhomes.com for some time, however it's been missing from the Quick Search on our home page. Until today, that is! Lake & City Homes Realty is happy to announce that we have added "Street name" (see arrow on screenshot) to the "Start Your Home Search" field in the quick search on our home page. So now, in addition to searching by City, Subdivision, Zip, or MLS number from the Quick Search, you can also type in a street name to quickly reference all the homes currently for sale on that street, regardless of city.Â
Today Inman News announced the results of its 10 U.S. hotspots for smallest house sizes. Included in its top ten list were six cities located in the Midwest, notably the great state of Wisconsin. The list was based on the median square footage of homes listed for sale on Realtor.com during the month of September 2011. Note: not all homes for sale are listed on Realtor.com.
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Realtor.com reported that the median size of homes for sale in Wisconsin was the 10th smallest in the country for the month of September 2011, at 1,669 square feet. Like the other top ten finishers (with the exception of our nation's capitol which only has two), Wisconsin's homes have a median of three bedrooms.
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In addition to Wisconsin, the other Midwestern states cited as…
Ever wondered if there's an app for searching for Madison WI real estate? Well, you're in luck! Lake & City Homes Realty is proud to announce the launch of iLakeandCityhomes.com, the mobile edition of our flagship Madison WI real estate site LakeandCityhomes.com. The mobile addition of our site has some really cool features that our desktop version does not have that we think you're really going to love.
Great news for anyone searching for Madison area homes and condos online! Due to popular demand we've just added four new search criteria to our advanced search screens. The new search options, which apply to any type of search be it City, Subdivision, School Waterfront, or Zip Code are...drumroll, please...Basement, New Construction, REO/Foreclosure, and Short Sale. Now you can set up searches that will narrow down your results even further by utilizing these additional criteria.
In case you missed it, this week we announced on Lake & City Homes Facebook Fan Page our new Market Snapshot reports. What's a market snapshot? It's a personalized report that charts current up-to-the-minute market activity about homes in your neighborhood (or any area you specify within a 3-5 mile radius of a given property address). The report includes data such as sold homes and condos, homes and condos currently for sale, inventory counts and even days-on-market. These reports are a fantastic resource if you've been asking yourself any of these burning questions: