real estate: Buyers are coming out of the woodwork... - 01/12/09 04:35 PM
With the Holidays behind us, buyers are back on the Real Estate scene scoping out the new inventory. This weekend I held a home in SSF open. I had over 65 groups come through and even ran out of fliers & ended up staying well after 4pm as buyers kept showing up. I can't remember the last time I ran out of fliers or had to stay longer then the open house was scheduled.The home was a single family fixer, in a desirable neighborhood. I figured there was an abundance of buyers because it was the first weekend of scheduled open … (1 comments)
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real estate: Mixing Business with Pleasure... Does it mix? - 12/05/08 11:31 AM
Have you ever felt obligated to use a family member when it came to a business deal? While most of us have, has it ever left you wondering if that was the best decision? In some cases, it is an ideal circumstance. While in others it may be an uncomfortable situation that you were strong armed into. When it comes to Real Estate, for most people purchasing a home will be the biggest purchase in their lives. Which begs the question… do you want to hire a Realtor out of obligation or acquire one that has the skill set to provide … (1 comments)
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real estate: Christmas come early... - 11/19/08 12:29 AM
As we approach the holiday season, while everyone else is immersed in cooking the Thanksgiving Turkey and getting up at dawn to get those Holiday discounts on the season's hottest new toy you can take advantage of the season's best toy... a house!
In the last few months competition has been fierce when trying to purchase a short sale or foreclosed property. With the Holidays right around the corner, people's priorities will shift from purchasing a home to purchasing presents for underneath the tree. Nobody ever stops to think that purchasing a home during the holiday season is the best gift of … (1 comments)
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real estate: Is it a good time to move up? - 11/19/08 12:25 AM
Everyone's question these days seems to be "Is now the right time to buy"? I have come up with a chart that helps you make the decision if now is the right time to buy!
Current Home New Home
The above chart is an example of a "move-up" buyer determining whether it is a good time to purchase an upgrade property.
Now ask yourself this question... "When does it make more sense to move up- when prices have gone up less or when they've gone down more?"
If you have answered when prices go down, you are the lucky winner!!!! … (1 comments)
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real estate: Short Sales arrrhhhhhh!!! - 10/22/08 04:21 PM
I can't wait for the day that short sales fall off the face of the planet! Many of my clients whom I have said before are first time home buyers. Sadly this means that I am writing what seems like hundreds of offers on short sales! I cringe everytime I check inventory for new listings for my clients!
I know I shouldn't be complaining because I am writing offers, but between the wait time and in most cases the listing agent knowing nothing about short sales it is just too much to bare! I have four different clients that have offers … (4 comments)
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real estate: FHA is alright in my book - 10/20/08 05:20 PM
Most of my clientele are first time home buyers... some may say that isn't the best database to have, but I think it is definitely the most rewarding.
I am a firm believer in FHA as that is all I have encountered in the last several months. Because my buyers have limited funds for down payments, FHA has been the only way they can qualify for loans. While there may be more paperwork involved and that ever so annoying upfront mortgage insurance fee, FHA is giving home buyers the opportunity to achieve financial success when all other products have failed them.
… (2 comments)
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real estate: Social Media... is it really beneficial? - 10/17/08 05:31 PM
As technology has sped up in the last few years, Realtors really have had to beef up those skills in order to create new ways of marketing to capture leads and build their business. My question is how beneficial is it and how much time does one need to spend in order to achieve "zen" social media status??
I have set up my profile on what feels like a zillion different sites in order to get my name out there and get back in touch with people I had lost along the way. I can say that it does help in finding … (1 comments)
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real estate: FHA Loans - 05/04/08 07:20 PM
I have recently started to take advantage of the FHA Loan Programs that are available to buyers. I thought it would be helpful if I posted the FHA requirements that may benefit you & your clients.
Why Choose FHA?
FHA Loan Limits
1 unit $729,750
2 unit $934,200
3 unit $1,129,250
4 unit $1,403,400
*Good news!
FHA'S Higher Loan Limits are here
- Purchase & Refinance
- NO DECLINING MARKET VALUE J
- No Income Limits (like most programs)
- HUD has no minimum credit score
- 1-4 units O/O only (Full doc only)
- Permits non-occupying co-borrowers w/ out separate qualifying … (5 comments)
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real estate: In this Business, you have to be a go getter! - 03/29/08 10:22 PM
What do you do when your phone stops ringing and your pipeline has dried up? In the recent month I have not been getting as many appointments as I would like and with one escrow closing and not one being opened, I started to panic!
As I have mentioned in a previous blog, I recently became a first time home owner myself. With property taxes amongst us and being hit with that fabulous little tax bill called the "supplemental" I think I have focused more negative energy on that then focusing on getting new business.
During a brief panic attack after opening … (12 comments)
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real estate: The Real Estate Storm - 03/29/08 09:50 PM
I have been in Real Estate for a little over three years now. Being a "newbie" to the industry is a long hard road and I am proud to say I conquered it! I definitely have a better appreciation for fellow Realtors (good ones anyways) then I ever did before entering the business! This job is definitely not for the faint of heart!
This past October I became a first time home buyer. It was definitely the most scariest and exhilirating time of my life thus far. Scary because even though I am doing better in Real Estate each year, I am still not … (8 comments)
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real estate: Auctions... are they really a "good deal"? - 03/01/08 05:32 PM
I really don't understand what all the buzz is about concerning homes that have been foreclosed on and going to auction. There was recently an auction held in San Mateo County and the 4 homes that were being auctioned in San Mateo county all sold for basically what they would have sold for if they were out on the market and sold at market value. In fact, a couple of them sold for more then what they probably would have sold for if they had been placed for sale. After paying the required "buyer's commission fees" the price went over market … (2 comments)
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real estate: Buyers are starting to come out of the wood work... - 03/01/08 05:07 PM
The last couple of days for me have been super busy with buyers that have been on the fence for months now. Either something is in the air, or buyers are starting to realize it is definitely time to take advantage of the "slow" market.
I have had 5 buyers appointments in the last few days all followed with pre-approval appointments! One of my co-workers received 4 offers on a home after only 6 days on the market.
It is important to keep in touch with your database and follow-up with good solid information to educate them. That way when the … (4 comments)
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