Truth or Consequences!! - 04/28/08 02:01 PM
It's more difficult than ever to realistically and successfully price your home for sale.  Many economic factors affect your pricing decision.  Agents present you with the facts, but the final determination of asking price is yours and yours alone.  So contact a representative and familiarize yourself with the following criteria.
There are more homes for sale now than in the past.  Larger inventories exist mainly due to the fact that many sellers waited to list, trying to catch the top of the market.  Now they're trying to sell before it bottoms out.
While still historically low, mortgage rates are creeping up.  … (0 comments)

Stepping up to a down market... - 04/21/08 10:55 AM
Remember the ancient curse, "May you live in interesting times"?  While many are indeed cursing the current real estate climate, others see opportunities.  In a "soft" market, the short-term options dwindle, but seasoned investors in for the long haul are positioned to take advantage.
In the words of billionaire J. Paul Getty, "Buy when everyone else is selling and hold until everyone else is buying."  Just like the stock market, more money is often made in a down cycle than in an up market.
Slower times encourage sellers to be more open to negotiation.  Combine acceptance of lower prices with currently … (0 comments)

In Your Own Back Yard... - 04/14/08 12:34 PM
Are you aware that over two million people in the United States have real estate licenses?  With that many practitioners, the seed quickly separates from the chaff, with a small percentage rising to the top in quality service to buyers and sellers.
As you consider the mountains of documentation, financing, negotiating, marketing, inspections and the like, where would you begin to locate the agent best suited to your needs?  It makes sense to start at home, with those individuals who participate in neighborhood organizations, local government, charities, etc.
It makes sense to work with someone who is active within and knowledgeable … (0 comments)

Avoid The Red Tag!!! - 04/07/08 02:59 PM
Have you ever noticed clothing sales that advertise "seconds" at greatly reduced prices?  The "second" quality merchandise may exhibit flaws like uneven seams and pulled stitches, and capitalizes on the slightly lower quality in exchange for a lower price.
Much like those "mark downs," a home being offered for sale with obvious flaws also invites a lower price.  Homebuyers, like other savvy shoppers, quickly become aware of needed repairs, and then begin scrutinizing the home for other defects.
If you plan to sell your home and expect to receive full price, be certain that all needed repairs are completed before the … (0 comments)

 

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