client protection: Short Sales, Bank Owned Properties and Credit Pulls - 11/19/09 05:55 PM
A few days ago I wrote about how the purchase offering process is having issues… issues that are especially apparent on Bank-Owned Properties (we call them REOs).
Banks are often requiring that ALL offers be accompanied by pre-qualification letters from specific approved lenders (perhaps even from their own loan department). In … (4 comments)
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client protection: Staging with Storage - 11/08/09 11:24 PM
One of the things that is challenging for families selling homes is dealing with toys and other things that clutter up the house. We still have to live in the home, but we also need to make it attractive for buyers. In the video are some great tips for … (4 comments)
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client protection: Mold, not just for bread and cheese anymore… - 09/04/09 02:27 PM
Image via Wikipedia
Ok, mold has NEVER just been for bread and cheese. and while it can be useful stuff… when it is penicillin… the rest of the time, it is NOT something we want in our bodies.
So, Mold and Real Estate?
I’m seeing it more and more. Actually, … (4 comments)
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client protection: Real Estate Agents Annoy Me... - 08/10/09 08:53 PM
I showed a client 17 properties today. We had narrowed down a list of 35 properties to 20... 3 of which turned out not to be available, although listed in the MLS as Active.
I called 10 agents this morning because they required a call before showing, including 3 that had … (17 comments)
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client protection: That isn't the strategy for a better deal... - 07/12/09 11:59 PM
I had a buyer call me recently. He wanted info on a property I had listed. It wasn't what he was looking for, so I asked what he was trying to find... Reluctantly, he shared a little with me.
I knew of another property that was listed with another agent. I … (6 comments)
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client protection: $8000 First Time Home Buyer Tax Credit ends... - 07/05/09 09:40 PM
Ok, don't panic, it doesn't end until December 1st, 2009. But don't get complacent, either... That is sooner than you think.
If you aren't familiar with the FTHBTC (First Time Home Buyer Tax Credit), here is a little reading. The first thing to know is that not owning a home for … (2 comments)
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client protection: Broker Fees? - 06/25/09 10:15 PM
I’ve seen an annoying new trend. Buyer and Seller “Broker Fees”. It may go by various names, but amounts to the same thing… what Clark Howard would call a Junk Fee.
These are quite different from the other fees that may be involved in a real estate transaction, and there are … (9 comments)
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client protection: Can a home be overpriced at $29,000? - 06/07/09 10:04 PM
I wandered out to look at some investment properties this afternoon… One of the properties was priced at $29,000… in a neighborhood of $100,000+ homes. In fact, this very home had sold for over $110,000 in the last couple of years.
Could it be overpriced at $29,000?
Yep.
The funny thing … (3 comments)
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client protection: I don't care WHAT the instructions are... you WILL submit the offer... - 06/03/09 12:01 PM
I am getting pretty tired of seeing...
Offer will not be submitted to seller unless buyer prequalifies with ___ Mortgage.
Let me give you a clue... Yes, you WILL submit the offer. It may be rejected by your client, but you will submit the offer. If you don't, feel free to … (15 comments)
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client protection: Cheap sex and real estate... - 04/28/09 10:31 AM
I don't know why, but I was reminded this morning about two very different people, one quote from both, and how cheap sex is like real estate success... for some.
Back when I first got into real erstate, a local "power agent" told me that the goal was to list as … (8 comments)
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client protection: Atlanta, 3rd Most Vacant City? - 02/17/09 01:18 PM
I just ran across a story from Forbes and Yahoo about America’s Most Vacant Cities. The list is this…
Las Vegas, NV
Detroit, MI
Atlanta, GA
Greensboro/High Point, NC
Dayton, OH
Phoenix, AZ
Orlando, FL
Kansas City, KS and MO
Jacksonville, FL (tie)
Indianapolis, IN (tie)
Miami area, FL
Chicago, IL … (5 comments)
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client protection: Another intemperate thought... real estate related... - 02/14/09 10:27 PM
I don't recall where I saw it, but I ran across a comment by a real estate agent about how prices are getting out of line... they are just crazy low. It was something to the effect of "I can't wait until these crazy prices go away and we get back … (6 comments)
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client protection: I turned down a listing today... because it was the right thing to do... - 02/07/09 12:49 PM
I just got back with a meeting with a potential client. We had a great time chatting about the market, her house, the area and where she wants to move back to. We shared stories about family and friends. In fact, it was less a meeting than a long awaited meeting … (46 comments)
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client protection: Shouldn't I have seen a bubble? - 01/10/09 11:08 AM
I received a comment via email on another blog I posted about Price and Value. Here is the comment:
I could not figure out how to post on your blog. I would have been the only who would question or challenge your post.Those real agents who in agreement with your blog,were … (3 comments)
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client protection: And the worst part is that it is... - 05/24/08 09:26 PM
... from REALTOR Magazine.
In the June 2008 issue, on page 42, there is the following statement.
Tip 3: Build in a preset price reduction. While all our practitioners agreed that arriving at the right price the first time is the goal, sometimes you have to be a little more flexible, … (13 comments)
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client protection: Anatomy of a CMA, Part II - 05/24/08 08:18 PM
In Part I, I detailed just what a CMA was and how how to look at it.
In this episode, I am going to talk about how is is put together.
Very carefully.
This is not a science, although there is a bit of science involved. And any appraiser or agent … (4 comments)
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client protection: Anatomy of a CMA, Part I - 05/24/08 07:55 PM
Pretty much ANY real estate agent you use... with the exception of some of the limited service brokers that just put your listing on the MLS when your credit card payment clears... perform some sort of CMA on your property prior to listing.
But what IS a CMA?
That is a … (0 comments)
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client protection: Bidding for listings? - 05/03/08 01:31 PM
Let me start by getting this out of the way.
Agents, this is a public post... on purpose.
If you are a seller, and you are doing your job right by interviewing a couple of different agents, you are going to run across agents that are bidding for your listing. What … (8 comments)
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client protection: Unacceptable... - 04/26/08 02:48 PM
While coming home from ice skating with my son today, I drove by a listing. It looked kind of interesting. Pretty yard, nice area. It made me a bit curious...
So, when I got home and my son was taking his nap, I looked it up on the MLS. I'm not … (67 comments)
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client protection: Three things sellers can do to help their house sell - 04/12/08 04:02 PM
There are a lot of things that sellers can do to help seller their home faster and smoother. Here are a few. For more info, be sure to contact me to enroll in our Free Seller Seminar coming up in May.
Be Proactive.
A great example of this is a pre-listing … (5 comments)
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