In a declining real estate market where supply outstrips demand, a person can generally sell a house faster by lowering the price. But there are other ways to enhance a home's attractiveness besides lowering the asking price. If you're looking to sell your home in a cooling real estate market, read on for some tips on how to generate interest and get the best price possible.
Click Here to Read: 6 Tips To Sell Your Home Faster...
Showing posts with label Realtor. Show all posts
Showing posts with label Realtor. Show all posts
One Way to Sell Your House: Ask the Right Price
In the Tom Petty and the Heartbreakers’ 1991 hit “Learning to Fly,” the long-faced singer bemoans how “what goes up, must come down.”
That’s the feeling as the once red-hot real estate market across the country cooled for the past few years. Patch wondered what the local and national real estate scenes are now, and asked some Glen Ellyn experts in the field about it.
Beth Lindner is a Keller Williams Realty broker representing sellers. She finds that her area is holding its own.
Click Here to Read: One Way to Sell Your House: Ask the Right Price...
That’s the feeling as the once red-hot real estate market across the country cooled for the past few years. Patch wondered what the local and national real estate scenes are now, and asked some Glen Ellyn experts in the field about it.
Beth Lindner is a Keller Williams Realty broker representing sellers. She finds that her area is holding its own.
Click Here to Read: One Way to Sell Your House: Ask the Right Price...
Casual Chitchat Can Cost Money On Real Estate Deals
The agent in Cory Brewer's Mercer Island, Wash., RE/MAX office received an offer that was far below his client's asking price. But before the contract could be presented to the seller, the would-be buyers posted on their Facebook page how badly they wanted the house and how much they really were willing to pay.
Oops! Bad move. The seller saw the posting and countered at the higher price. The buyers accepted because they loved the place that much, and the deal closed a few weeks later.
The moral to this little tale: When it comes to something you would rather the other side not know, treat them like the enemy and keep your yap shut. Or, as Brewer advises, "Don't talk publicly about what's in your real estate contract, at least not until afterward. You never know when something you say might come back to bite you."
Click Here to Read: Casual Chitchat Can Cost Money On Real Estate Deals...
Oops! Bad move. The seller saw the posting and countered at the higher price. The buyers accepted because they loved the place that much, and the deal closed a few weeks later.
The moral to this little tale: When it comes to something you would rather the other side not know, treat them like the enemy and keep your yap shut. Or, as Brewer advises, "Don't talk publicly about what's in your real estate contract, at least not until afterward. You never know when something you say might come back to bite you."
Click Here to Read: Casual Chitchat Can Cost Money On Real Estate Deals...
Are Short Sales A Good Bargain?
In this economy, where many homeowners are desperate to sell their homes, short sales can be a great bargain for the well-informed homebuyer.
"A short sale," according to Greater Minneapolis/St. Paul realtor and real estate blogger Tom Sommers,"is when the seller is saying to the bank, "we can't afford to stay here due to financial hardship. Can you let us sell it for less than we owe?" That's what creates the short."
The bank often agrees to the short sale because it guarantees, even at a loss, a larger percentage of money back. Also, the bank doesn't have to go through the expense of the foreclosure process and doesn't have to kick anyone out of their home.
Click Here to Read: Are Short Sales A Good Bargain?...
"A short sale," according to Greater Minneapolis/St. Paul realtor and real estate blogger Tom Sommers,"is when the seller is saying to the bank, "we can't afford to stay here due to financial hardship. Can you let us sell it for less than we owe?" That's what creates the short."
The bank often agrees to the short sale because it guarantees, even at a loss, a larger percentage of money back. Also, the bank doesn't have to go through the expense of the foreclosure process and doesn't have to kick anyone out of their home.
Click Here to Read: Are Short Sales A Good Bargain?...
What Buyers and Sellers Need to Know About Termite Inspections
So you’ve just spent the past few months fixing up all of your home’s little eyesores, cleaning every window in the house, and planting plenty of flowers out front to boost the property’s curb appeal. The house looks great! You proceed to put it on the market.
Then it happens. A buyer walks-in, loves the place –and all of the hard work you recently put into it–and makes an offer. You accept the offer and go into escrow. Then the termite inspection comes in: You have a major infestation.
Click Here to Read: What Buyers and Sellers Need to Know About Termite Inspections...
Then it happens. A buyer walks-in, loves the place –and all of the hard work you recently put into it–and makes an offer. You accept the offer and go into escrow. Then the termite inspection comes in: You have a major infestation.
Click Here to Read: What Buyers and Sellers Need to Know About Termite Inspections...
Boost Your Curb Appeal During Difficult Months
Now that virtually all the winter’s snow has melted and it’s easier to navigate the streets, let’s consider something calculated to get people slamming on the brakes:
Curb appeal, that special something that makes prospective buyers stop for a better look at a house for sale.
In normal market times, the National Association of Realtors says, 49 percent of buying decisions are based on curb appeal.
Click Here to Read: Boost Your Curb Appeal During Difficult Months...
Curb appeal, that special something that makes prospective buyers stop for a better look at a house for sale.
In normal market times, the National Association of Realtors says, 49 percent of buying decisions are based on curb appeal.
Click Here to Read: Boost Your Curb Appeal During Difficult Months...
Realtors Seek Reforms On ‘Short Sales'
With fewer than three of every five short sales successfully closing in California, desert Realtors have joined their peers statewide to ask regulators, elected officials, business organizations, lenders and others to initiate reforms.
Homeowners with proven hardships can negotiate “short sales,” essentially agreements that enable them to sell their homes for less than the balances owed in order to avoid foreclosure.
Those who own homes and are “upside down” in their mortgages, as well as mortgage lenders, may want to take advantage of the federal Home Affordable Foreclosure Alternative program, or HAFA, California Desert Association of Realtors officials said.
Click Here to Read: Realtors Seek Reforms On ‘Short Sales'...
Homeowners with proven hardships can negotiate “short sales,” essentially agreements that enable them to sell their homes for less than the balances owed in order to avoid foreclosure.
Those who own homes and are “upside down” in their mortgages, as well as mortgage lenders, may want to take advantage of the federal Home Affordable Foreclosure Alternative program, or HAFA, California Desert Association of Realtors officials said.
Click Here to Read: Realtors Seek Reforms On ‘Short Sales'...
How to Get Homes Sold in this Buyer’s Market
You know it’s a buyer’s market. But you really need to sell your home now. Here are six tips to get homes sold even in today’s real estate market:
Click Here to Read: How to Get Homes Sold in this Buyer’s Market...
Click Here to Read: How to Get Homes Sold in this Buyer’s Market...
Top 8 House-Hunting Mistakes
Buying a home is a very emotional process, and allowing those emotions to get the best of you can cause you to make any number of mistakes. Since buying a home has many far-reaching implications, from where you will live to how hard it will be to make ends meet, it’s important to keep your emotions in check and make the most rational decision possible.
There are eight common emotional mistakes that people make when buying a home. Avoiding these pitfalls will help you find the best home-sweet-home.
Click Here to Read: Top 8 House-Hunting Mistakes...
There are eight common emotional mistakes that people make when buying a home. Avoiding these pitfalls will help you find the best home-sweet-home.
Click Here to Read: Top 8 House-Hunting Mistakes...
Buying A Home Long-Distance
Although the Iribhogbes knew exactly what they wanted in a house, they were unable to shop around the traditional way. In fact, they closed on their house three weeks before they even saw it.
"I will tell you right now, everything was by faith," Alvin Iribhogbe said. "We believed in her."
"Her" was their Realtor -- Maria Vaill of Re/Max. Alvin and his wife, Adeola, had been living in Germany since 2007, where he was stationed for his job as a dental lab technician with the Army.
Click Here to Read: Buying A Home Long-Distance...
"I will tell you right now, everything was by faith," Alvin Iribhogbe said. "We believed in her."
"Her" was their Realtor -- Maria Vaill of Re/Max. Alvin and his wife, Adeola, had been living in Germany since 2007, where he was stationed for his job as a dental lab technician with the Army.
Click Here to Read: Buying A Home Long-Distance...
Buying An "As Is" Home Is Sometimes Not Clear-Cut
Buyers who are looking at listings sometimes see a home listed as “as is.” That term seems pretty obvious, but oftentimes buyers and sellers are not on the same page as to what "as is" means.
"Generally, 'as is' means you are purchasing that property in its present condition with conditions," says Phyllis J. Pezenik, the vice president and managing director of DJK Residential.
So buyers and sellers should come to an agreement on what to expect, according to Pezenik. First, both sides need to know what things are expected to be included, unless otherwise stated.
Click Here to Read: Buying An "As Is" Home Is Sometimes Not Clear-Cut...
"Generally, 'as is' means you are purchasing that property in its present condition with conditions," says Phyllis J. Pezenik, the vice president and managing director of DJK Residential.
So buyers and sellers should come to an agreement on what to expect, according to Pezenik. First, both sides need to know what things are expected to be included, unless otherwise stated.
Click Here to Read: Buying An "As Is" Home Is Sometimes Not Clear-Cut...
You’d Better Pay Attention to the Short Sale Settlement Statement
In the past, the average real estate agent didn’t spend too much time scrutinizing the estimated closing statements. Usually, that task would be left to escrow officers, title officers or lawyers. With short sales being the new normal, scrutiny of these statements in the early stages of a short sale transaction is vital.
Why? Well . . . the banks request the settlement statement as part of the short sale package. The short sale lien holders want to see their bottom line. How much money are they going to net? How many cents on the dollar will they be forgiving?
Click Here to Read: You’d Better Pay Attention to the Short Sale Settlement Statement...
Why? Well . . . the banks request the settlement statement as part of the short sale package. The short sale lien holders want to see their bottom line. How much money are they going to net? How many cents on the dollar will they be forgiving?
Click Here to Read: You’d Better Pay Attention to the Short Sale Settlement Statement...
How To Do Short Sales: The Benefits For Everyone Involved
Learning how to do short sales in the current changing marketplace is really challenging to keep up with, it’s an essential thing to do nowadays. If you’re able to disconnect and discover how to do short sales properly from individuals who can verify for you that they know what they’re speaking about then you’re going to be able to wrap your brain around the concept much easier.
You need to know the best way to be successful in this particular market to really make it and virtually all Real Estate Agents haven’t been educated the proper way. Most Realtors still don’t understand how to do them and in addition they say that they would rather not learn because of how hard they heard they are. Crazy huh? So… Precisely how to complete them the correct way without having to be scammed by fake authorities and worthless real estate “experts” who’re asking for you for precisely the same outdated re-written information.
Click Here to Read: How To Do Short Sales: The Benefits For Everyone Involved...
You need to know the best way to be successful in this particular market to really make it and virtually all Real Estate Agents haven’t been educated the proper way. Most Realtors still don’t understand how to do them and in addition they say that they would rather not learn because of how hard they heard they are. Crazy huh? So… Precisely how to complete them the correct way without having to be scammed by fake authorities and worthless real estate “experts” who’re asking for you for precisely the same outdated re-written information.
Click Here to Read: How To Do Short Sales: The Benefits For Everyone Involved...
Realtor, Home Seller Baffled When Bank Rejects Its Own Offer
Stacy Baker fought for two years to sell her father’s house and to keep it from being auctioned off, but lost the fight even after her real estate agent said an offer was made to the bank that met its own conditions.
Baker’s father was 61 when he succumbed to complications from a heart transplant, and she said her father probably realized “it was the wrong decision after he bought it.”
Click Here to Read: Realtor, Home Seller Baffled When Bank Rejects Its Own Offer...
Baker’s father was 61 when he succumbed to complications from a heart transplant, and she said her father probably realized “it was the wrong decision after he bought it.”
Click Here to Read: Realtor, Home Seller Baffled When Bank Rejects Its Own Offer...
Today's Real Estate Market Calls For Dire Divorce Decisions
Sarah Bandy always knows something is up when she helps a couple try to sell their home, but hears back from only one spouse.
"They don’t tell us in the beginning," said Bandy, a real estate agent who brokers deals for luxury homes in Colts Neck. But lately, when she presents clients with a home valuation report, the answer is almost always, "Oh, we can’t do that. It’s too low."
"Then they end up confessing, especially the wife," Bandy said.
Click Here to Continue Reading: Today's Real Estate Market Calls For Dire Divorce Decisions...
"They don’t tell us in the beginning," said Bandy, a real estate agent who brokers deals for luxury homes in Colts Neck. But lately, when she presents clients with a home valuation report, the answer is almost always, "Oh, we can’t do that. It’s too low."
"Then they end up confessing, especially the wife," Bandy said.
Click Here to Continue Reading: Today's Real Estate Market Calls For Dire Divorce Decisions...
The New Rules Of Pricing Your House For Sale
When the housing figures are released each month, many consumers are faced with a profusion of confusion. Existing home sales are up slightly - no, they're down again. Median prices improved slightly over a year ago - wait, that was last month. New home sales dropped sharply after the federal tax credit expired, but they're up again - for now.
Well, one thing's for sure: It's a whole new game of "The Price is Right." Long gone are the halcyon days of setting your asking price by looking at comparable home sales over the last year - and adding 10 to 20 percent to those prices.
Click Here to Read: The New Rules Of Pricing Your House For Sale...
Well, one thing's for sure: It's a whole new game of "The Price is Right." Long gone are the halcyon days of setting your asking price by looking at comparable home sales over the last year - and adding 10 to 20 percent to those prices.
Click Here to Read: The New Rules Of Pricing Your House For Sale...
Real Estate: Sellers Attached To Their Homes Often Don't Get Their Asking Price
On top of an overall plunge in prices, homes in Tucson usually sell for less than what their owners are hoping to get for them.
If a family has an emotional attachment to a home, it's even less likely to sell for what the owner thinks it's worth, says Stephanie Friend, a local agent with ZipRealty Inc.
That's often the case for those selling homes in central and northeast Tucson. Homes there tend to sell for about 92 percent of the asking price, data from ZipRealty shows. ZipRealty uses statistics from local Multiple Listing Services to compare the asking price and selling price of homes in certain zip codes.
Homes on Tucson's south side are selling closest to their asking price, ZipRealty says.
In parts of town with higher foreclosure rates, homes are more likely to be owned by the bank and priced to move, Friend says. In older, more established communities in midtown and in the Catalina Foothills, sellers expect to get more cash from their homes.
"The sellers there anticipate a higher return on their home," Friend says. "They're more owner-occupied and they have more of an attachment to the house."
Click to read here: Real Estate: Sellers Attached To Their Homes Often Don't Get Their Asking Price...
If a family has an emotional attachment to a home, it's even less likely to sell for what the owner thinks it's worth, says Stephanie Friend, a local agent with ZipRealty Inc.
That's often the case for those selling homes in central and northeast Tucson. Homes there tend to sell for about 92 percent of the asking price, data from ZipRealty shows. ZipRealty uses statistics from local Multiple Listing Services to compare the asking price and selling price of homes in certain zip codes.
Homes on Tucson's south side are selling closest to their asking price, ZipRealty says.
In parts of town with higher foreclosure rates, homes are more likely to be owned by the bank and priced to move, Friend says. In older, more established communities in midtown and in the Catalina Foothills, sellers expect to get more cash from their homes.
"The sellers there anticipate a higher return on their home," Friend says. "They're more owner-occupied and they have more of an attachment to the house."
Click to read here: Real Estate: Sellers Attached To Their Homes Often Don't Get Their Asking Price...
How to Negotiate When Buying a Home
The dream of home ownership is one that plagues many adults. Paying into a rental, month after month, may be cheaper in the short term, but over the long haul you can begin to feel like you’re simply flushing money down the toilet that could be going towards an investment in your future. But buying a home is no easy feat. Somewhere between the home you want and the loan you can get is a house that is right for you (or at least for right now), and it can be very tricky to navigate the shark-infested waters of the housing market. First, there are the previous owners, who no doubt want to get as much value from their home as possible. Then there are real estate agents, who may tell you just about anything in order to get a commission (except for Martin Vaughn). And of course, you will have to deal with loan agents, who must look out for the best interest of their lending institution (not to mention whatever kind of bonus they’ll be getting). In short, it pays to know what you’re up against and actively pursue finding out everything you can before you enter negotiations.
Click Here to Read On: How to Negotiate When Buying a Home...
Click Here to Read On: How to Negotiate When Buying a Home...
Thursday, October 21, 2010
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Realtor
Alabama Association of Realtors Receiving $15M For Lost Income
Three months of negotiations ended favorably Friday for the Alabama Association of Realtors, which received $15 million from the Gulf Coast Claims Facility for emergency payments to real-estate licenses of oil spill-related lost income.
“We want to thank Gov. (Bob) Riley for all of his hard work on behalf of all real estate licensees so they can file claims,” said Keith Kelley, president of the Montgomery-based association.
Kelley also thanked independent claims czar Kenneth Feinberg for “seeing the true hardships facing real estate licensees on the coast due to the oil spill.”
Click Here to Read: Alabama Association of Realtors Receiving $15M For Lost Income...
“We want to thank Gov. (Bob) Riley for all of his hard work on behalf of all real estate licensees so they can file claims,” said Keith Kelley, president of the Montgomery-based association.
Kelley also thanked independent claims czar Kenneth Feinberg for “seeing the true hardships facing real estate licensees on the coast due to the oil spill.”
Click Here to Read: Alabama Association of Realtors Receiving $15M For Lost Income...
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