Viewing 1-10 out of 44 blog(s)
How much should you offer for that home?
Date: 11/16/2010 / Category: none
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Current Grade B
Preview:
You've found a home you want to buy, but how much should you offer to pay for it? One of the most perplexing points in the home-buying process is the decision of how much to offer for the home you want to buy. If you offer "too much," you might experience buyer’s remorse or feel the house was "overpriced." Yet if you offer "too little," you might infuriate the seller and lose your opportunity to purchase the property. So, what’s the right amount? To answer that question, you’ll need to do some... continue reading >>
About As-Is Offers
Date: 11/08/2010 / Category: none
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Current Grade A
Preview:
To make an "as-is offer" is to state that you, the buyer, will take the property in the condition it is in as of the date you make the offer, and will not ask the seller to do any work or repairs to the home. You can see why these offers are so attractive to sellers; they love the idea of being able to mentally move on from this home to the next one as soon as they accept your offer. In the olden days, many states required that certain basic condition standards be met by every property... continue reading >>
Avoiding Closing Derailment
Date: 10/24/2010 / Category: none
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Current Grade B
Preview:
Like a train, a transaction can get derailed at any point on the track. A closing can be hit by a clouded title, a home not appraising for value, a rapid change in interest rates, an undisclosed credit or income issue, or one of countless other unanticipated issues. Choke points cause delays and delays cause all kinds of problems for buyers, sellers, and agents. Moving plans get thrown into disarray. Interim housing or early-possession requests become necessary. Contingency plans need to be thrown together. Nerves get jangled. The resulting situation can be a nightmare even... continue reading >>
Advantages and Disadvantages of Buying a Foreclosure
Date: 10/12/2010 / Category: none
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Current Grade B+
Preview:
Many buyers associate buying a foreclosure with getting a steal of a deal. This can be true, but there are also potential pitfalls. The pros and cons of buying a home involved in foreclosure vary with the phase of foreclosure the property is in when purchased. Use this handy guide to figure out what sort of property is best for you! Also see The Stages and Phases of the Foreclosure Process. Missed Payments/Motivated Seller Advantages: · Seller will be motivated to achieve a fast... continue reading >>
What Makes First-Time Buyers Tick?
Date: 10/11/2010 / Category: none
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Current Grade B+
Preview:
Last winter, when the housing market had cooled and it seemed the only real estate news was bad news, the experts said the market recovery would be lead by first-time buyers. Like stalled credit, the cycle of buyers and sellers grinds to a halt when first-time buyers disengage. It’s like sand in the gears of the real estate market." But then came what’s been called "the perfect storm" for first-timers: houses became more affordable and interest rates dropped to near historically low levels. And first-time buyers came back to the market. By... continue reading >>
10 Factors Most Likely to Influence Your Sale
Date: 10/08/2010 / Category: none
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Current Grade B
1. Price the property between WHOLESALE and RETAIL.
2. Be willing to consider offers based on VA/FHA terms. Government terms can give buyers a head start on the ability to afford a home.
3. Allow the property to be shown without an appointment! That's a nuisance,
... continue reading >>
Preview:
Every one of these items you get on your side of the ledger moves you closer to a sale. Every item on which an owner is unwilling or unable to make a concession on moves you further away from a sale. Just remember whose side you are on!
1. Price the property between WHOLESALE and RETAIL.
2. Be willing to consider offers based on VA/FHA terms. Government terms can give buyers a head start on the ability to afford a home.
3. Allow the property to be shown without an appointment! That's a nuisance,
... continue reading >>
Buyer Agency
Date: 09/24/2010 / Category: none
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Current Grade B
Preview:
DEFINITION: A Broker engaged through a written agreement by the Buyer/Tenant to act as Buyer's Agent or Tenant's Agent. Duties of the Agent: • To perform the terms of the written agreement. • To exercise reasonable skill and care for the Buyer/Tenant. • To promote the interests of Buyer/Tenant with utmost loyalty, good faith and fidelity. • To seek a price and terms acceptable to Buyer/Tenant. • To present all offers to and from Buyer/Tenant in a timely manner. • To disclose to Buyer/Tenant adverse material facts actually known by... continue reading >>
Moving Up To A Larger Home? Avoid These Mistakes!
Date: 07/16/2010 / Category: none
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Current Grade B-
Preview:
By Gary Holden Unlike the experience of buying a home for the first time, when you are looking to move up and already own a home, there are certain factors that you must consider. It's very important you evaluate these factors before you list your home for sale. Not only is there the issue of financing to consider, but also the fact that you have to sell your present home at exactly the right time in order to avoid the financial burden of owning two homes or, just as bad, having no place to... continue reading >>
Finding and Using an Agent
Date: 05/22/2010 / Category: none
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Current Grade A-
Preview:
Since the commission for the sale of a house is almost always paid for by the seller, buyers are able to get assistance and information from Real Estate Agents, usually at no cost to them. It is for this reason that the vast majority of home buyers employ the services of an Agent for their purchase. In addition, since most houses are listed by Real Estate Agencies, it gives them the maximum number of available properties to consider. The relationship between a home buyer and their Agent is a little like a marriage: it must be... continue reading >>
Help Your Buyer Daydream
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Getting your home ready for a potential sale can be a bit of a nerve wracking task. You have to clean your home immaculately, light it properly, make sure your fixtures sparkle and basically get your home in a condition that you would never live in just to have a stranger walk throughout your house. While all of that may be true, getting a potential buyer to see your home as you do is a crucial step in marketing your property. The better you convey the unique and wonderful nature of your home, the more likely... continue reading >>