New Rules Make Planning A Must For Honolulu Buyers And Sellers

July 30th, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101

In previous posts, I have talked about the crazy appraisal rules enacted at the beginning of May. The Wall Street Journal is now reporting that the rules have been creating problems.

“New rules aimed at making home appraisals more accurate are raising costs and prompting longer waits to get to the closing table, some in the mortgage industry say. The new rules — known as the Home Valuation Code of Conduct and in effect less than three months — have driven up the cost of appraisals, says Keith Stewart, a mortgage consultant with NorthPoint Lending Group in Chicago.”
CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE

Since we have to live with these rules, it is becoming more imperative that both buyers and sellers of Honolulu real estate do their homework before entering the home market. Here are four things to consider before jumping into a sale or purchase.

CLICK HERE TO READ THE ENTIRE POST.