Representing an Entity …

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When working with an entity, the agent must require authorization before entering into an agreement with the company. If there is no authorization, there is no enforceable agreement to bind or sign on the company’s behalf. Signed purchase agreements are the only acceptable form of authorization. The following article includes the authorization documents required for

Why Are Home Inspections Important?

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Professional home inspections are an important step when purchasing a home. It can help avoid any unforeseen issues and problems. An inspection can also be used as contingency when placing your purchase offer, allowing for a price reduction or back out completely with a certain time frame. Included on Ticor Title’s Flyer, “Why are Home

Fannie Mae: Economic Growth Outlook Holds Steady For 2016

ECONOMIC FOCUS

Fannie Mae’s (FNMA/OTC) Economic & Strategic Research (ESR) Group’s full-year economic growth forecast remains unchanged in June from the prior forecast of 1.7%. Recent data emphasize the uneven nature of the current economic expansion. Consumer spending and housing activity have picked up, but a slowing trend in hiring and business investment has increased downside risks

Where Are The First-Time Buyers? (pt 2)

ECONOMIC FOCUS (1)

Last issue we discussed how the first-time homebuyer market is being impacted by student debt, the rise of “singledom” and postponement of household formation. In this issue we continue and examine additional factors: Supply/Demand. With fewer first-time buyers there are fewer starter homes for purchase, and less choice. Holding 1st Home Longer Meanwhile, long-term trends

Where Are The First-Time Buyers?

ECONOMIC FOCUS

As the housing market heats up there is an absence of a critical demographic. Young first-time buyers. Young would-be home buyers are still sitting on the sidelines of America’s housing market, with first-time homebuyers representing a decades-low share. Student loans, high prices and low credit scores have all been blamed for this, but Bank of

What is Proposition 13?

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Many people see the value of Proposition 13 when they have owned their homes for quite some time. Before Proposition 13 was passed, the average property tax rate in California was three percent of assessed value, and there was no limit on annual increases. People were losing their homes in the late 1970s because if

Jobs Report Muddies The Economic Waters

ECONOMIC FOCUS

A surprisingly bleak May jobs report has suddenly muddied the outlook for the U.S. economy. Employers added a paltry 38,000 jobs in May – the fewest since 2010 and far less than anticipated. Furthermore, the government cut its hiring estimate for March and April by a combined 59,000. “We had been expecting a June rate