home buyer: How will Buyers Respond to Your Asking Price? - 05/09/12 07:30 AM
reposted from MerrimackValleyMAReal Estate.com
There are three critical pieces to getting your home sold successfully. I call them the 3P’s. The 3P’s are Preparation, Pricing and Presentation. The most critical component of the 3P’s is pricing. I will focus on your homes list or asking price and how buyers will react and respond to your homes asking price in relation to fair market value. 95%+ of all homes will sell for fair market value.
Your homes asking price does not affect your homes fair market value! Your home will sell for what it will sell for based on location, square footage, … (1 comments)
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home buyer: Buy versus Rent, A Case Study- The Results May Shock You!! - 11/09/11 11:06 AM
With interest rates being so low, and housing becoming more affordable it may be time to look at the decision to buy vs renting. I have been out showing rental properties and noticed rents are up. So I decided to take a look and see if maybe its cheaper to own.
rent vs buy- a case study To really compare apples to apples. I found a condominium complex that had identical units, one for sale and one for rent, at Carter Green in Tewksbury Massachusetts. The rental is $1500 a month while the other is on the market for $182,900.
The … (3 comments)
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home buyer: What is the Multiple Listing Service or MLS? - 11/07/11 11:30 AM
I have reprinted this post from by blog. As real estate agents we throw around the term Multiple Listing Service or MLS like we expect everyone to know what it means. Home buyers and home sellers will say they no what it is but do they truly understand the impact that it has in their home purchase or home sale?
The Multiple Listing Service is probably the single greatest tool a real estate agent bring to a buyer and seller to aide in the purchase or sale of a home. It is important for home sellers and home buyers to understand … (0 comments)
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home buyer: It ain't over till the Fat Lady Sings!! - 04/30/11 01:27 PM
Someone just hit my blog asking if a home buyer that is under contract can back out of purchasing their home.
Simply put, It ain't over till the fat lady sings!!
It may vary from state to state depending on state law and what is considered standard and typical in your state. In Massachusetts, many of the basic contracts are relatively the same when it comes to purchasing a home. There are typically two contingencies in the contracts that we see where buyers can withdraw from a contract and if done it a timely manner and properly they will receive all … (8 comments)
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home buyer: Moving up in a Down Market or Buyers Market - 04/07/11 09:57 AM
One thought thrown around by home sellers looking to move up to a larger home, is... I will wait until my home was worth 5 years ago before I purchase a new one.
Seems to makes sense.... or does it? On the surface it probably seems to make sense for many Massachusetts homeowners that are looking to sell their home and buy a new one. I would like to show you why, you might want to reconsider. Selling your home in a down market or buyers market to purchase a larger more expensive home can make a lot of sense from … (2 comments)
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home buyer: New FNMA Initiative- What the home buyer needs to know! - 06/01/10 02:22 PM
Effective today Fannie Mae has set forth new Loan Quality Iniative. The initiative is to tighten up on the quality of the home loans being underwritten. The new initiative could delay or prevent some home purchase closings, if home buyers are not paying attention.
Effectively, FNMA is mandating that a last minute credit report is pulled just prior to closing on a home purchase. While many banks have already been doing so, it is now being required by FNMA. For buyers who have opened credit cards, made large purchases or changed their credit profile in any way, this could be problematic.
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home buyer: Home Buyers did you know?? - 03/28/10 08:56 AM
This Saturday I had scheduled 8 properties for a buyer who called into the office. I have never met them or talked with them before. My policy is usually go on showings once and than get a contract signed with the buyer before showing additional properties. I confirmed the appointment by email and by phone with this buyer... Saturday morning comes and no buyer!!
I called and she said it was a misunderstanding we were suppossed to meet at 12 noon and not 10am. Please schedule again for noon and what about the showing for tommorow???? Come to find out she … (4 comments)
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home buyer: 10 Deadly Home Buying Pitfalls - 03/13/10 07:06 AM
When buying a home, many buyers just jump into looking at home and fail to understand the home buying process and the intricate pieces involved. When buying a home being prepared and understanding the process are key to making the home buying process a smooth one.
Deadly Pitfall 1- Not Understanding Agency- Real Estate Agency is a misunderstood topic by many and can create many problems. Basically, agency is, how a real estate agent works for you and treats you in a transaction. One mistake many buyers make, is buying a home at an open house directly from the listing agent. … (6 comments)
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home buyer: Tax Credit Extended- Buyers time to Buy!! - 12/10/09 11:00 AM
Home Buyer Tax Credit Extended- If you are going to purchase a home next year don't miss out on this opportunity.
The home buyer tax credit has been recently extended to April 30th, 2010. A purchase and sale must be signed by this date and completed by June 30, 2010. Some new provisions have been added repeat buyers can receive a tax credit of $6500 and income limits have been raised to $125,000 for single taxpayers $225,000 for married taxpayers filing a joint return
The National Association of Realtors has compiled great some great articles on the Extended Tax Credit.
The … (2 comments)
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home buyer: Must attend webinar for home buyers and home sellers - 06/04/09 09:45 AM
This free webinar is hosted by EXIT Realy's own Tami Bonnell, President of US operations. She has personally sold all the regions across the country and has her hand on the pulse of today's real estate market, whether you live in Michigan or Florida, get the input of one of the most respected people in real estate today
Dream the Dream of white picket fences....
Is it still reasonable to dream the dream of home ownership? Although the white picket fence comes in many forms these days, from condos to condex, from townhomes to the new england cape, the dream is … (0 comments)
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