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buying a home: Lowball Offers are Wild Pitches in Real Estate Negotiations - 10/28/11 11:04 AM
BUYING A HOME IS LIKE PLAYING BASEBALL???



Who woulda thought it???

Don't forget the person with the final say, the Umpire.  If you get a call (appraisal) that you don't like, you can't get in their face and kick sand on their shoes.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
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Via Annie Holdreith (Daniel Gale Sotheby's International/Manhasset, New York):
Let's say you are a buyer and you have found a house that meets your needs and its listing price is in your financial comfort zone.  You have reviewed recent comparable sales for like properties.  You have established what you think the value of … (6 comments)

buying a home: Sure I Trust. But I Also Verify. DON'T TELL ME THE BUYER IS QUALIFIED, SHOW ME! - 10/12/11 06:50 AM
CONTINGENCY CONTRACTS AND THE DUTIES OF A LISTING AGENT - VERIFY and then TRUST!
THE CASE OF THE FALLING HOUSE OF CARDS!   IT ONLY TAKES ONE SHAKY CARD AND THE WHOLE THING FALLS DOWN!
J. Philip offers some very good advice to agents listing and selling agents.
When presented with a written offer to buy your listing that includes a home sale contingency, even if the contingent property is under contract, the listing agent HAS A RESPONSIBILITY AND DUTY to investigate all aspects of a contingent offer including the qualifications of the buyer's buyer. 
If the buyer's contingency doesn't close, they can't buy your client's home AND ALL … (13 comments)

buying a home: MARYLAND AND NORTHERN VIRGINIA HOMES FOR SALE ARE PRICED RIGHT AND PLENTIFUL? HOME BUYING DOs & DON'Ts. - 08/01/09 07:14 AM
MARYLAND AND NORTHERN VIRGINIA HOMES FOR SALE ARE PRICED RIGHT AND PLENTIFUL.  However, home buyers must follow some rules to make sure that your loan application will be approved and you'll be able to close on your real estate purchase in Northern Virginia. 
MARYLAND AND VIRGINIA HOME BUYERS are very fortunate to have a wide selection of mortgage lenders in our area.  Homefinders.com works with every knowledgeable, experienced and accessible loan officers.   Unlike many areas across the country, Homefinders.com is always able to refer our buyers to experienced loan officers that with mortgage companies that offer the type of loan that you wish to … (24 comments)

buying a home: QUALIFYING BUYERS ISN'T ROCKET SCIENCE! IT'S OUR JOB! - 05/11/09 08:09 AM
                                  *  *  *  *  HARD CORE REAL ESTATE TALK  *  *  *  *
AGENTS:  HAVE YOU EVER HAD A CONTRACT FAIL, EVEN WITH A "LENDER'S LETTER" ? .  . .  . .
Not a week goes by that we don't read a blog post about a contract that fell apart due to a loan officer's last minute advice that the buyer doesn't qualify.  Sometimes the contract has been accepted and the burden is then on the BUYER'S AGENT to advise the listing agent that, "SORRY, the loan officer just called and .  . . . . . ."
We old timers know … (256 comments)

buying a home: IT ISN'T ALWAYS ABOUT THE COMMISSION. THERE ARE GOOD REASONS FOR RELOCATING HOME BUYERS TO BUY RATHER THAN RENT. - 12/08/08 10:56 AM
SELL A HOME RATHER THAN RENT ONE?  There may be very good reasons. 
AGENTS:  DON'T DENIGRATE YOURSELF BECAUSE YOU SOLD A HOME TO RELOCATING HOME BUYERS. 
I WON'T HOLD IT AGAINST YOU! 
I read a post on ActiveRain this morning castigating agents for selling a home to a relocating family rather than renting them a house.  Trying to make me feel guilty is a total waste of time.  If my mother-in-law couldn't do it, no one can.  I suppose it was the rather sanctimonious tone of the post that got my attention.  Interesting.  I don't agree and that may be because our markets are so … (19 comments)

buying a home: STEPS TO BUYING A HOME - IT'S A PARTNERSHIP BETWEEN YOU AND YOUR BUYER'S AGENT. - 06/22/08 10:53 AM
BUYING A HOME CAN BE A JOYFUL EXPERIENCE, WITH A LITTLE HELP FROM AN EXPERIENCED BUYER'S AGENT.  STEP #1LET'S GET TO KNOW EACH OTHER and LEAVE THE DRIVING TO US.Many experienced buyer's agents like to start the home buying adventure with a tour of homes. You get to know us and we get to know you. We'll take you on a tour of a home or two to show you how working with a dedicated buyer's agent will show you how to preview a home. Some folks walk through a home.  An experienced buyer's agent looks deep in to the soul … (48 comments)

buying a home: REAL ESTATE TIPS FOR HOME BUYERS - WORK WITH YOUR AGENT FOR THE BEST HOME BUYING EXPERIENCE - 03/16/08 10:03 AM
REAL ESTATE IS A BUYER'S MARKET.  THERE ARE MORE HOMES FOR SALE THAN BUYERS READY TO BUY.    Prices have been reduced significantly across the market and offer more choices.  Prices in many areas are down to the pre-1994 levels and many foreclosures, distress sales and short sales offer outstanding buying opportunities for home buyers.   
HOME BUYERS RELY ON AGENTS THAT GIVE THEIR BUYER/SELLER CLIENTS INFORMATION TO MAKE GOOD HOME BUYING DECISIONS. PLAN A SIT DOWN WITH YOUR AGENT TO GO OVER IMPORTANT QUESTIONS THAT YOU HAVE ABOUT LOCATION, PRICES AND FEATURES AND WHAT VALUE THESE CATEGORIES ADD.  SOME THINGS TO KEEP IN MIND WHEN … (14 comments)

buying a home: SELLING YOUR HOME IS EASY. ALL YOU HAVE TO DO IS LET SOMEONE IN TO SEE IT and a FEW OTHER THINGS. - 01/24/08 06:21 PM
                            * * * *   WARNING!!  HARD CORE REAL ESTATE TALK * * * * 
THE MORE THINGS CHANGE, THE MORE THEY STAY THE SAME.
THE THREE MOST IMPORTANT THINGS FOR SELLERS TO KNOW ABOUT PRICING AND SELLING A HOME ARE:
LOCATION PRICE ACCESSIBILITY LOCATION.  We all know how important location is to marketing and selling a property.  What do we mean by location?  If you've been selling real estate very long, you have heard any or all of the below "location criteria" from buyers.  So, location can mean a lot of things.  
Location relative to what?  Location relative to the Commuter … (96 comments)

 


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