Cash is Still King

According to Inman Real Estate News:  Not everyone gets a mortgage when buying a home.  Today cash is King and the big differentiator is age in those who purchase with cash.   Only 2 percent of the participating buyers ages 25-44 paid all cash, compared to 13 percent of baby boomers (ages 45-64).

The biggest opportunity is with those 65 and up, the survey results suggest. A whopping 36 percent of respondents in this group paid all cash for their purchase. T...

What is a Short Sale?

What is a short sale pay off?
Imagine your home is worth $200,000, but, your owe $220,000 on it.  If you were to sell it in the open market at $200,000, you might net $184,000, or $36,000 less than what you need to pay off the loan.  A short pay off is where your lender will forgive a portion or all of the short amount and cover the closing costs of the sale including real estate sales commis...

Giles Realty Group Blog

Releasing New Website - Name Change

We've always been Giles Realty Group but we are no longer going to associate with the Homechoice name.  New signs are on their way and a new website has just been released.  Let us know if there is anything you would like to see or make more user-friendly on the site.

Janet 7/30/09