Posts by Brian Wickert
How Congress tied the new highway bill to mortgage rates
Congress just passed the “Developing a Reliable and Innovative Vision for the Economy Act” or the DRIVE Act. It’s a six-year highway authorization that will allow planning for important long-term projects around the country, and provides three years of guaranteed funding for the highway trust fund. Highways are extremely important to any developed civilization. The…
Read MoreChief Storm Team Officer
This is Brian Wickert, Chief Storm Team Officer with a perfect storm alert.Right now we have an economic low pressure system that’s allowing mortgage rates to inch downward. I could explain why, but let’s focus on the what instead. If your current mortgage rate is 4.5 percent or higher and your mortgage balance is $180,000 or…
Read MoreTip #2 & Tip #3 for writing a successful offer to purchase
TIP #2 – Allow 30 days for both your financing and appraisal contingencies Tip #3 – CONTACT YOUR LENDER the same day you get an accepted offer. Don’t wait! I can’t tell you how many times we get the call from a buyer saying, “We just passed our inspection contingency. So now we want to…
Read MoreTip #4 for Writing a Successful Offer
Tip #4 – Get on equal (or near-equal) footing with the “right to cure” defects Problem: In the standard WI Offer to Purchase, any defects found during your inspection or testing are only required to be cured in a “good and workmanlike manner” with evidence of completion provided by Seller no later than 3 days…
Read MoreTip #5 for writing a successful (but safe) Offer to Purchase
Tip #5 — STICK WITH THE PLAN! To be successful in today’s Seller market, you can’t write your offer contingent on the sale of your current home and expect to compete with similar offers without the contingency. We have a transaction in process right now where a relocating doctor wisely wrote their purchase offer without…
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