Quotes of the Day

The most effective way to get your offer accepted is to attach a cover letter to every Offer to Purchase you submit. The job of this letter is to clearly communicate to the vendors why he or she should accept your offer; it points out the highlights of the offer and any additional information that the vendor would find comforting, ,such as your experience and maybe even a testimonial or two from previous vendors from whom you have purchased. Keep the letter short and to the point. Sign it in blue ink, so it doesn't look like a photocopy. [2009] - Don R. Campbell

The lowest risk/no risk customer could receive the prime rate of interest (lowest) from a loan. Higher-risk businesses (a borrower who has few assets, has only recently become employed or is self-employed, or has a spotty credit record) could be paying prime +1% to prime +8%, if they can get any funds at all. [2006] - Douglas Gray

Sophisticated investors avoid placing specific dates on their contract conditions, Instead, they use a specific number of days after acceptance. For example, rather than "Subject to buyer's lawyer's approval by May 11, 2010", the statement should read, "Subject to buyer's lawyer's approval within 14 days of acceptance." That way, if the negotiations go back and forth for a while and the vendor finally agrees, to the contract two weeks after you started the process, you are not under any additional time constraints. [2009] - Don R. Campbell

Each time gold has rallied, rare coins have risen much faster. [2008] - Shayne McGuire

Simply screen tenants by calling their prior landlords, checking their credit history to find out if they've missed many payments in the past, confirming their income, and having them fill out rental applications. Many landlords don't take these steps, which I suspect is where most real estate horror stories come from. [2017] - Calum Ross