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Options for Sellers In Default - 02/29/08 09:35 AM
No one is prepared to loose his or her home. That is why I made this article so you as a homeowner know what you can do to bring your house current or provide a way out so you don't have a foreclosure on your credit.
1. Offer to Sell- You could try to sell the property yourself or list it with a realtor. Have you tried that yet? The only problem at this point is that the lender could have the trustee sale and foreclosure you out in a short amount of time. That doesn't give you or a realtor much … (1 comments)
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Why your home isn't selling? - 02/28/08 08:35 PM
Lets face it, homes these days are sitting longer and selling for less. Why the big change? The banks were too greedy and now most of them are in a world of hurt. Lets take a look at what the banks did or didn't do to create such a problem.
One of the big problems is that banks and credit score companies try to make understanding credit so difficult and mysterious. I want to know how they come up with those numbers and I know everyone else does too! The reason why banks want to make credit scores so difficult is to … (0 comments)
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No Bank Qualifying- No Credit Needed- Immediate Occupancy - 02/27/08 11:54 AM
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Are You Afraid Of Failure? - 02/27/08 10:13 AM
As business owners it is always hard to accept when we have failed at something. When we have experienced failure, fear starts to roll in and try to discourage us from getting back up.
What do we need to do as business owners? We first need to understand how to be accountable for our own actions and not try to blame anyone but ourselves. We are ultimately responsible for all our actions and that is it.
You need to prepare for failure now, because it will come. Failure is a part of doing business and also growing a business and as soon as … (9 comments)
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Home Pricing for Today's Market - 02/26/08 10:51 AM
If you are selling your home or thinking about selling, you need to read this! As many of you know, the market has slowed down a little bit and buyers are no longer paying what you are asking for.
I have a few suggestions about selling your home faster and for the most money possible in a slow market.
Condition. Make the inside and outside of your home look as good as it possibly could. Now I am not suggesting you renovate you property. Even outdated homes can look great if you clean it up.
I don't think that I can count how many … (1 comments)
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Are You Being Forced to Sell Your Home? - 02/25/08 04:52 PM
Are you being forced to sell your house?
There is nothing more stressful than knowing that you are losing control of you home. I have had family members fall into the same financial state and I understand the pressure you are under. I also know that when you are behind on your mortgage you're struggling to pay other bills.
Have investors told you that they can help?
I am sure that you have received numerous calls and letter from investors' claiming to help you. Beware of the majority of these so-called rescue plans. They know that you're in a vulnerable state. They know … (0 comments)
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How getting a good deal on a home goes beyond the purchase price - 02/23/08 05:31 PM
As a real estate professional I talk to tons of people about homes and know that everyone wants to get the best deal possible. Everyone wants to feel good about the purchase they are about to make and know that they didn't get ripped off.
To get the best deal possible as a buyer you need to look beyond the selling price. Yes the price is an important factor yet it isn't the most important. The most important factor for getting the best deal is getting the best terms. The terms can mean getting a deal and getting a great deal.
You can … (0 comments)
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Should you use a Credit Repair Company? - 02/19/08 11:45 AM
Credit repair companies are high-pressure firms that over-promise and under-deliver. They usually charge high up front fees and promise to fix our credit. Some even cite possible loopholes in the law that can force creditors to remove bad ratings from our credit report. We can do a lot on our own with similar results and save ourselves hundreds if not thousands of dollars by understanding our rights and the system.
The Federal Trade Commission along with several other state regulators have warned time and again that these loop holes in the law do not exist. When it comes to credit repair, only … (1 comments)
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Better to be ‘Satisfied’ than to be ‘Settled’ - 02/19/08 11:43 AM
When negotiating with a collection company to pay off a debt we need to understand the difference between ‘satisfied' and ‘settled.' These two terms can have two very different impacts on our credit scores.
A settled account is derogatory while a satisfied account is viewed more positively.
A settled account means that you have come to a negotiated settlement with the lender that is less than the original repayment terms of the loan. Once the settlement has been reached, the lender will update your credit file with the words ‘account settled.' Such a reference in a credit file is a bad mark. The … (0 comments)
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Avoid having high balances on your credit cards - 02/18/08 04:09 PM
When multiple revolving balances have exceeded their credit limits, credit scores drop substantially. Credit scores are affected when one or more revolving loan balances exceeds 50% of its limit. The risk increases when multiple revolving accounts exceed 50% of their credit limit ratio. The more loans, the greater the impact on our credit scores.
Depending on the number of accounts, the payment history, and the type of lender, your score can drop 100 points or more when multiple accounts have high debt ratios.
I have heard of an individual that had a 750 credit score that was on the verge of going down … (0 comments)
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Looking past your lack of know how to get what you want - 02/15/08 01:56 PM
Homeowners are you worried about the current state of the real estate market? Let me say that you shouldn't be. Why? Because everything you hear comes from the media and what they say is never right. The media likes to play on your emotions. That is how they get you coming back day after day to listen to them.
No matter what happens, one thing stands true - people will continue to move. You may not know how to get your home sold and that is why it is so important for you to seek out an educated real estate professional to … (0 comments)
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Do you work on your Business? - 02/15/08 12:02 PM
We all spend countless hours working IN our business, but how many of us spend time working ON our business? The difference between the two is simple yet very different from one to the other.
Working IN our business just simply means doing what we have to do each and every day to keep it running. That could mean finding new clients, working with the clients that we have, and retaining old clients for future business or referrals.
Working On our business is the part that tends to get overlooked from time to time. This is where we are coming up with … (5 comments)
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Why is it? - 02/15/08 11:54 AM
Why is it that we all want to be rich yet we lack the basic skills needed to become rich? What do I mean? In each and every one of us is the power to overcome every obstacle needed to achieve every dream that we have ever had yet we always come up short.
Do you believe that you can have what ever you desire in life? Every book that I have ever read on someone who is rich and powerful has all revealed some basic steps for you to become rich.
The very first step is the mindset that you have. This … (2 comments)
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How do you see yourself? - 02/12/08 05:05 PM
We are all on different levels in our lives. Some are just starting and some are ready to get out of real estate after many years in the business. As a new agent begins his/her journey as a real estate professional he/she is up against some basic skill. A new agent has to learn all there is to know about the contracts, working with sellers and buyers, getting leads, negotiations, working with title companies, lenders, lawyers, and inspectors.
There is a lot to learn and sometimes the learning curve can be overwhelming. What about agents that have been around long enough … (0 comments)
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Are you willing to LEARN? - 02/12/08 05:01 PM
How many of us stop learning when we feel that we have adequate knowledge of how our business needs to run? Should we stop improving our business? No way! The more knowledge we have the more valuable we are to our Marketplace. Knowledge is power. Power to make more money because we are continually looking for new and improved ways to grow our business.
What is the Quality of your service? If you are continually learning how to improve your business then the quality will continue to go up. We want our quality to go up for one reason: To make our … (3 comments)
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For Sale by Owner 10 Inside Tips for Selling Your Home Yourself - 02/06/08 03:53 PM
If you ask anyone who has ever tried to sell their home themselves they'll tell you that from the moment the "For Sale by Owner" sign goes up, the phone begins to ring. Unfortunately, many of those calls will not be from prospective buyers, but rather from real estate agents looking to obtain your listing. Obviously the idea of not having to pay a commission to a real estate agent is attractive to any home seller. But because of all the issues involved in the process, selling a home on one's own can be challenging, as many home sellers will attest … (0 comments)
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What is the one key element that every real estate professional needs? - 02/06/08 03:15 PM
The one major key that every real estate professional needs to succeed in life is a Vision. Your vision is talked a lot about in the business world but not as much in real estate. Why? I don't know. What I do know is that if you want to succeed in the real estate business world you need to have a vision.
What can a vision do for you? When you have a vision of where you want your business to go it automatically makes work not seem like work. Sacrifice doesn't feel like you are giving things up.
Let's take the active … (1 comments)
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How different loans can have different impact on your credit score? - 02/05/08 11:10 AM
Did you know that various loans and lender provide different values to credit? One lender from another can have a positive or negative impact on your credit. How do you know what lender are good and which ones are bad?
Limiting our credit to one type of loan can hurt our credit while having a variety of loans can improve our credit. Their are several types of lenders that we can use to develop our credit file.
Four main types of loans
Real Estate - Mortgages or Equity loans.Installment - Auto loan, Education loan, Personal loan.Revolving- Credit cards, Personal lines of credit, … (0 comments)
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The #1 Mistake A Home Buyer Makes - 02/04/08 12:28 PM
Buying a home can be an exciting and challenging time. There is one big mistake that almost all homebuyers make that ends up costing them thousand of dollars.
The number one mistake that homebuyers make is not checking their credit before looking at any properties. If you want to save thousands of dollars a year on your payments you need to have the best credit possible.
Buyer are so worried about making sure that they get the best price on their home that they fail to see that it is the terms that will make or break the deal. I would rather pay … (0 comments)
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Training real estate professionals - 02/02/08 06:09 PM
I am trying to get an idea on how everyone feels about companies that train real estate professionals. It seems like more and more I find companies that are not involved in real estate in any way trying to tell us how to run our businesses.
If you ask me it is like a professor of a college teaching students how to become an entrepreneur when they themselves have never started a business let alone done anything but go to college, get a degree, and started teaching.
I have noticed also how these training companies all seem to teach the same worn out … (5 comments)
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Farmington,
UT
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