Lew Sichelman

Lew Sichelman

Special to Banker & Tradesman

Lew Sichelman can be reached at lsichelman@twg.com

Buying Sight Unseen? Don’t Wear Blinders

Buying sight-unseen doesn’t mean you have to go into the transaction blindfolded. There are several ways you can protect yourself against the possibility the house you’re after isn’t what you thought it was.

Compete to Win in Bidding Wars

With mortgage rates falling below 3 percent for the first time in five decades, would-be homebuyers are chomping at the bit to get out there and find new places. But when they finally do jump off the sidelines, they’re likely to find slim pickings.

How to Survive a Bidding War

Would-be buyers who venture forth over the next several months are likely to find the number of houses for sale so sparse that they’ll end up bidding against each other for the best properties.

How to Create a Video Tour

How to Create a Video Tour

Buyers these days go online to discover what’s available. And with the pandemic still very much a concern, they tend to visit the houses they find appealing by taking a virtual tour rather than an in-person look-see.

OCC’s ‘Fix’ Weakens Anti-Redlining Law

Community groups like the National Community Reinvestment Coalition, the California Reinvestment Coalition and legal oversight group Democracy Forward say the Trump administration has been keen on gutting the CRA.

Remodeling Succumbs to the Virus

Remodeling Succumbs to the Virus

According to a survey by the National Association of Home Builders, the pandemic all but shut down remodeling. But with inventory low due to the pandemic, could stuck homeowners start eyeing projects?

What’s in Store When the All-Clear Sounds?

It may be too early to forecast exactly what lies ahead for the housing market once COVID-19 passes into the history books. But at this point, the sector seems poised to retake its place in leading the economy back from the coronavirus-inspired recession.

Smart Buyers Go for Funding Now

Whether you want to buy now, while the pandemic rages on, or wait until the all-clear is finally sounded by medical professionals, it’s smart to line up your financing as soon as possible.

Most Lenders Have Tightened Mortgage Rules

Just as quickly as the COVID-19 pandemic bolted across the country, that’s how fast the financing situation has changed for homebuyers. And whether the mortgage market will return to “normal” once the scourge subsides is anybody’s guess.