The Gold Homes Team Blog
850+ transactions last 21 years. Master negotiators. Masters degrees in finance/marketing/business & computers. Serving Northern Virginia counties of Arlington, Fairfax, Faquier, Loudoun, Prince William, Stafford.
ARCHIVED BLOG POSTS
2011
Buyers Shopping While Waiting for the Short Sale Approval Copyright (c) 2011, Deanna and Jim's GOLD Team Attempting to purchase a property listed as a short sale requires the patience of Job. Buyers have heard the horror stories of those who had a ratified contract, waited for months and the...
02/20/2011
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Markets with Two Modes Copyright (c) 2011, Deanna and Jim's GOLD Team Many neighborhoods in northern Virginia now have resale home listings distributed in two clusters. The technical term is a bimodal distribution. It just means that one group of homes is priced in one range and another gro...
02/20/2011
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Top 10 Seller Questions NOT to Answer Copyright (c) 2011, Deanna and Jim's GOLD Team 1. Can you make sure than no (white, black, Spanish-speaking, Islamic, Jewish, Christian, Asian, Mexican...) people buy this? 2. I haven't been paying my taxes and I think the IRS is about to put a lien on 'er. ...
02/20/2011
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Negotiating Short/REO Sales vs Normal Sales Copyright (c) 2011, Deanna and Jim's GOLD Team Buyers, whether owner occupants planning to live there, or investors planning to flip or rent it out, should be aware of a key difference in how the seller's negotiation is handled for a short/REO sale...
02/13/2011
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Short Sale EMD Deposit at Ratification Copyright (c) 2011, Deanna and Jim's GOLD Team We, and our broker, always counter short sale offers proposing not to deposit EMD in a trust account until after the seller's bank approval is received. Here's why: 1. Without the EMD there is no consideration,...
02/11/2011
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Top 10 Reasons You Should Work Tenants! Copyright (c) 2011, Deanna and Jim's GOLD Team 1. Sooner or later everyone is a tenant. Treat them with respect. 2. Every tenant is either a future buyer or knows one. 3. Working with tenants makes you more attractive to get your own rental listings from...
02/11/2011
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Ask About Their Name Copyright (c) 2011, Deanna and Jim's GOLD Team I sometimes don't hear a person clearly when introduced. I have learned that sooner or later it's a good idea to ask something about someone's name. You can ask for how they spell it, how they pronounce it, is it Kathe...
02/11/2011
Top 10 Ways to Make Your REO Asset Manager Unhappy Copyright (c) 2011, Deanna and Jim's GOLD Team 1. Call them often. They appreciate the contact from every one of the 150 cases they are managing. 2. Turn in reimbursible expense items without the photos, reimbursement forms, invoices, and check c...
02/11/2011
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Top 10 Ways to Make Your Broker Unhappy Copyright (c) 2011, Deanna and Jim's GOLD Team 1. Neglect to turn in earnest money deposits on time. 2. Put earnest money or security deposits in your own account! (This will get you fired in most places.) 3. Be sloppy about comments that might be misinterp...
02/11/2011
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Top 10 Ways to Lose Your Brokerage Admin Job Copyright (c) 2011, Deanna and Jim's GOLD Team 1. Flirt with the agents, especially the married ones. 2. Fail to carefully log the earnest money checks that you handle and lose one every so often just to make sure the agents appreciate you. 3. Chew gum...
02/10/2011
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Master negotiators: 550+ transactions last 12 years. 150+ bank-owned transactions 2007-13. Short sales listed, under contract, and buyer offers pending. First time buyer & investor specialists. MBA, MSE, MA Psychology.