Patty O'Brian Real Estate Blog

There are two apparently attractive options for buyers scoping out a deal. One type is the “short sale,” where sellers have made an agreement with their lender to sell the home for less than they still owe on the mortgage. The second type is the REO (bank-owned) home, which has fallen back into the hands [...]

A recent profile of buyers and sellers compiled by the National Association of REALTORS® has revealed promising, if not surprising statistics about the changing face of the marketplace.  The percentage of first-time buyers is on the rise, and they are making their purchases for the long term. This makes sense, as first-time buyers aren’t struggling [...]