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home buying: How Come Some Sellers Just Don't Get It? - 09/20/10 07:52 PM
So how do you handle this situation? Your seller wants to sell his home real bad so he can move/build/retire, etc. He really loves his house but he has to sell. He knows all the "bells and whistles" that make his home unique and the best house in the neighborhood. So he wants to show the potential buyer everything he knows about his home. You know, however, that some buyers want to be left alone while looking at a home so they can get a feel for whether this home really feels like home. They don't care that all the kitchen (3 comments)
home buying: A Buyers Market? - 04/21/10 06:49 AM
A team of economists who created a variety of forecasting models concludes that predictions of further large housing price declines are greatly overblown.They point to the house price index of the Office of Federal Housing Enterprise as most reflective of reality. Its data reveals that only four states - Arizona, California, Florida, and Nevada - have had declines of more than 4 percent in home prices over the past year. How are we faring here in New Mexico, particularly in Otero County? Records from the Otero County Association of REALTORS® (OCAOR) indicate that homes are selling for 95-97% of their asking (1 comments)
home buying: Buying versus Renting - 04/20/10 05:23 PM
Now that the tax credit is almost over, many who are still sitting on the fence about homeownership are asking about the benefits of owning a home over renting. While paying mortgage payments and property taxes may seem like an expensive and stressful proposition over the near worry-free lifestyle of renting, these expenses actually provide great financial benefit for homeowners, even without the tax credit incentive. When you rent, every dollar you pay is retained by the landlord. However, when you purchase a home, a portion of each monthly mortgage payment is used to pay down the principal amount of (3 comments)
home buying: A Great Time to Buy a Home! - 03/04/10 07:09 AM
What a great time for home buyers. With the tax incentive, low interest rates and the abundance of homes on the market why would anyone qualified to buy a home sit on the fence. I know there are always going to be those who want to wait for the "right" time and those that always think there is a "better deal" just around the bend. I was showing homes to a client recently and every day he would ask, "Is there anything new on the market that I might be interested in?" He had already viewed 30 homes under $100k! Come (3 comments)
home buying: How Important to Ask the Right Questions - 12/15/09 04:08 PM
When dealing with sellers and buyers in todays market it can not be over emphasized enough to ask the right questions. Sellers are anxious to sell their homes and sometimes will hold back information that would prevent or delay this process. If we fail to ask if the mortgage is up to date, are taxes up to date, are their any liens on the home, and one of the most important questions to ask before closing, "Is there anyone else who has a say in the decision to sell your home?" This question is sometimes forgotten by agents. Then right before (3 comments)
home buying: Back to Blogging - 12/02/09 04:07 PM
Well, I took a break from blogging. I haven't been here in a while and I really missed it. Now that the tax credit incentive has been up-dated it is a good time to let everyone know that now is a good time to buy a home. Business has slowed a little bit here in New Mexico. Our numbers are a little lower this year than this time last year. Through November last year we sold 593 site built new and re-sale residential properties. Through November of this year we have sold 525 units. Not too bad but things could definitely improve. (1 comments)
home buying: First Time Home Buyers - 10/27/09 06:42 PM
As I write this, Congress is trying to decide whether to extend the first-time home buyers tax credit. As I understand it, NAR is supporting extending the credit through April, 2010, keeping the credit at $8,000 and allowing everyone, not just first-time home buyers, to utilize the tax credit, with certain restrictions. From what I have noticed and read, the first-time home buyers tax credit has stimulated the market quite well. It only goes to follow that if they extend this credit it will help the housing industry and the market all over the country. I know that some critics of this (2 comments)
home buying: More Buying Houses to Improve Their Situation in Life - 08/27/09 06:50 PM
This report from "The Buyers Rep" is good news for real estate agents across the country. I know that real estate is always local but national trends, especially those that are published, have always helped buyers and sellers in every location. To quote the article: As the primary reason for moving, No. 1 on the list was to live in a bigger/better home (26 percent), followed by living in a better neighborhood or area (24 percent); to be closer to family/friends (12 percent); living in an area with a lower cost of living (9 percent); or a move that (0 comments)
When working with buyers my patience is sometimes tested to the limit. Some are so picky! They want a three bedroom, two bath, 2000 square foot home with a two-car garage, large back yard, new appliances and all for less than $150,000! Oh yeah, don't forget the nice neighborhood, close to schools, shopping and the hospital, not to mention that they also want the seller to pay their closing cost! Wouldn't it be great if we could act like this guy! Check out the video and watch a real pro in action. I know ethically we can't intimidate people or (4 comments)
home buying: Skewing the Figures in our MLS - 08/12/09 08:02 AM
There is a practice in our Association that has our MLS Committee and Chairperson really concerned. Some agents are taking a property off the market and re-listing at a lower price before accepting a contract at the lower price, thus improving their list to sale price ratio. This also improves their days on market data. For example, a home has been on the market for 120 days at $200,000. The listing agent has a buyer who has offered $180,000, 10% lower than the list price, and the seller has agreed to this offer. The listing agent takes the home off the (6 comments)
Large, beautiful tri--level home with gorgeous kitchen updates. The kitchen has been updated with solid-surface countertops, stainless steel appliances and more. The first level has a large living room, kitchen, dining room, two bedrooms with a full bath and laundry room. The upper level leads to the master suite with a deck and great views of the mountains and the back yard. The lower level has a large bedroom/family room/game room with its own bath and another laundry room (mother-in-law?). Check out this home in beautiful Alamogordo, NM, the Land of Enchantment. Close to Holloman AFB, Lincoln National (0 comments)
home buying: Great Closings! - 07/20/09 07:28 PM
Just finished a great closing that cost me a lot of time, effort and stress, but was worth every minute of it for my client. First of all, my seller was looking to upgrade into a larger home for their family of 5. We looked at several homes until we found a home that was just right but they had to sell their home first. The homeowner of the larger home was looking to down-size but his home had been on the market for over a year and had decided not to re-list. I asked if he would be interested in swapping homes (7 comments)
home buying: I Used to Love Weekends! - 07/16/09 06:14 PM
Don't get me wrong. I still LIKE weekends but I used to LOVE them. Weekends used to mean time to relax or play golf or work around the house. Now weekends usually mean helping another buyer find their dream home. Most people are off on the weekend and that is when they want to look at houses. I like working with buyers and I like helping people but I really miss weekends. Sometimes my wife and I will take off during the week and pretend it is the weekend. But it's not the same. I was in a class last March (2 comments)
Can anyone explain this market to me? I have a lovely home near the only Golf Course in town. Only 3 years old, beautiful condition, ready to move into. It has been on the market almost 18 months. The price is comparable to other homes in the area. There have been many lookers and it has been #2 on many peoples list but no offers! Now, I have another home in the same vicinity that was on the market for 6 months or so. The day before my listing agreement was to expire I had 4, count them "4", offers come in! We (0 comments)
home buying: New to ActiveRain blogging - 07/06/09 10:33 AM
http://www.lebronlittlerealestate.com I am a newbie to ActiveRain blogging. I will try to post a new blog at least once a week. I promise that this blog will be informative, interesting and, sometimes, entertaining. For now, if you are interested in home buying or selling information in south-central New Mexico, contact me. If you are interested in golf, contact me, that is one of my passions. If you home-brew your own beer, contact me, that is one of my hobbies. If you like real blues music, contact me, we have something in common. If you just want to get to know me (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.