Half of real estate closings are closing on time
About half of all real estate closings don’t happen on time. This means a lot of stressed out buyers and sellers since they can’t close on time. There are many reasons for this and many are beyond the control of the buyer, seller or the agents, – Underwriting requirements are significantly more strict which means [...]
Read more from this Article »Happy Holidays from Fannie & Freddie
Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season. Read more from this Article
Read more from this Article »How does your home compete
When selling a home a critical component is how your home competes with other comparable listings in your market. One suggestion is for sellers to view their home as if they were a buyer. Now they have to ask themselves, “Why would someone want my home at this price compared to their other options?” When [...]
Read more from this Article »8 Quick Fixes to Increase Home Value
With buyers scarcer, sellers must up the ante to convince them that their property offers what many want most — top value for dollar expended. Here are eight fast fixes: 1. Buff up curb appeal. You’ve heard it before, but it’s critical to get buyers to want to look on the inside. Be objective. View [...]
Read more from this Article »5 predictions for 2011
5 predictions for 2011
Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:
Will Realtors Go Away Like Travel Industry Agents?
Alike in some ways, agents are helping the consumer with personal plans and while travel/vacations have pieces/parts; flight, car, hotel, etc… like RE transactions have pieces/parts; staging, marketing, photos, finding the house, getting the right financing, title, negotiations, etc… A vacation might be $5000+ vs. real estate transactions often exceeds $500,000 and ONE simple oversight [...]
Read more from this Article »Do real estate agents prefer buyers or sellers?
Teaching real estate classes to experienced agents affords me the opportunity to gain further insight into how agents approach their job. A question I like to ask provides provides an interesting perspective on how agents view buyers and sellers. The question was, “When you look at your email in the morning and you have a message from a [...]
Read more from this Article »Cyber Home-Shopping Sink Holes
December 1, 2010 by Angela Murphy, Partner, Revealty The Internet is a great tool for finding the best deals on many things we buy. But, can you really find a steal of a deal on the house of your dreams online? The NAR, National Association of Realtors, states over 90% of homebuyers use the Internet [...]
Read more from this Article »Open Mouth, Insert Foot
While setting up a showing for a condo, the listing agent was giving me some information about the property. At the end of this conversation he said “The seller is M-O-T-I-V-A-T-E-D. Make an offer, no matter what it is, just make it, even if you think it’s really low.” I was a little suprised that [...]
Read more from this Article »How most people find a real estate agent
Most people find a real estate agent by one of the following basic approaches. By market size. Agents with a large market share become familiar to you by their shear presence. Buyers and especially sellers are more likely to hire someone they are familiar with and market size creates familiarity. These agents will have their [...]
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