eau claire real estate: Negotiation Differences
- 10/02/07 03:31 AM
Yesterday one of my clients asked me why you couldn't negotiate for a home the way that you negotiate for a car. In particular, he was talking about a negotiation between two individuals, not an individual and a company or bank. For example, say my client wanted to by a used car (after all houses are used products too), he would go and observe the car and then determine the value he wanted to pay for the vehicle. He would offer the seller the amount and receive an immediate acceptance, rejection or counteroffer. Say the car was listed at $2000, he offered $1500, … (9 comments)
eau claire real estate: Marketing Techniques That Work
- 10/01/07 06:34 AM
In today's world of information technology the way people access information has changed drastically. The people who access that information have also become busier and their lives more complex. If you want to sell a home or a piece of real estate you must market it in a way that connects with potential buyers and makes that process as simple as possible for them. First a statement that's very pertinent: 80% of buyers in 2006 used the internet at some point during their home search process.Let's get more particular though. Where did people FIRST see the home they eventually bought? 36% found their home … (18 comments)
eau claire real estate: Price Index - Still Affordable?
- 09/26/07 03:13 AM
The Coldwell Banker 2006 Price Index cam out recently with a Canada vs. USA comparison of real estate market, a most expensive place to live in America, and a state by state guide to the most expensive and most affordable real estate markets in each state. The most expensive place to live in America is Beverly Hills with an average price tag of $2,206,883 and the least expensive was Killeen, TX $136,725 average price tag. In Canada, the most expensive real estate is in Vancouver, BC with average prices of $1,327,875 and the least expensive average home price in Prince Edward Island at $157,630. The state of … (1 comments)
eau claire real estate: This is not supposed to happen to me! (or how life follows work)
- 09/25/07 09:25 AM
The other day my buyers chose to close on a home that had water seepage in the basement. In the MLS listing the agents remarks indicated that this would be repaired prior to closing. We put in our offer a contingency sealing that promise. The crack was repaired two days prior to closing and my buyers have a lifetime warrenty on the crack injection for as long as the own the home. It cost the sellers $480. We closed. ALL OK! However, all during the process heading towards closing I kept thinking in the back of my mind that I'm not sure … (0 comments)
eau claire real estate: Beat The Holiday Slow Down
- 09/24/07 01:53 AM
As we draw nearer to hunting season, Thanksgiving, and Christmas in Wisconsin, many of us begin to think that we are ready for a big slow down in the residential market. What is even worse is that many of our potential customers are thinking that now is not the time to list their house, but they should wait until spring or the end of the school year to do so. I don't know about you, but I'm not interested in sitting idle all Winter moaning and groaning about my woes. I want to be able to demonstrate to potential sellers that we … (4 comments)
eau claire real estate: Wisconsin Closing Costs and Buying Opportunities
- 09/20/07 01:31 AM
Wisconsin's Closing Costs are Some of the Lowest in the Nation According to a survey at bankrate.com, Wisconsin has the 4th lowest average mortgage closing costs in the nation for real estate transactions. The average closing costs in Wisconsin are about $2291. The national average is about $2748, for a difference of over $450. New York clocks in with the highest average closing costs - over $3900. Wyoming has the lowest average closing costs at about $2100. This breakout itemizes the expenses involved in a closing and compares the average costs of those expenses to the national average. There really doesn't seem to … (2 comments)
eau claire real estate: Dummies Guide to REO Sales
- 09/19/07 05:17 AM
This week I began my intrepid adventure into REO sales by purchasing the contact information for over 130 financial institutions. I paid about $200 dollars and after receiving the material began the process of filling out vendor registration forms 132 times. (about 5-10 a day). Although I am still pretty new at this, I was excited when I got a BPO order from a brand new client on the very first day. So after one day I've already got a 25% of my money back. I don't know about you, but I like to invest in things that pay off :-) If … (8 comments)
eau claire real estate: Dummies Guide to REO Sales
- 09/19/07 05:12 AM
This week I began my intrepid adventure into REO sales by purchasing the contact information for over 130 financial institutions. I paid about $200 dollars and after receiving the material began the process of filling out vendor registration forms 132 times. (about 5-10 a day). Although I am still pretty new at this, I was excited when I got a BPO order from a brand new client on the very first day. So after one day I've already got a 25% of my money back. I don't know about you, but I like to invest in things that pay off :-) If … (5 comments)
eau claire real estate: The Housing and Financial Crisis - Blame???
- 09/07/07 04:00 AM
The last several days there have been an endless number of Wisconsin Public Radio shows focused on the current crisis in the housing market/financial market. Since this is on everyone's mind, lets take some time to talk about it. First, we need to consider whether or not one should combine the ideas of housing crisis and financial crisis. Are these really the same? On the one hand, there is no problem with the local Eau Claire housing market. The supply of homes in all price ranges continues to be higher than previous years, but the sale of homes is also up 7.3% over … (0 comments)
eau claire real estate: What Drives Home Prices?
- 09/05/07 01:59 AM
This last Labor Day weekend I snuck away for a vacation with the family and thus got to observe several different real estate markets. I know it's sick, but I do pick up real estate magazines everywhere I go:-() The first market was a North woods resort town. The economy is seasonal with the result that recreational properties are really expensive, but residential properties in the town are really quite cheap. The second market is a blend of tourist town, small college town, and forestry/agriculture. It's a town of 11,000, but all types of properties outpace our market by $20,000-$30,000. My market has 100,000 … (6 comments)
eau claire real estate: Chippewa Valley Market Report
- 09/04/07 02:43 AM
As we finish 2007 there is a little bit of a rally in the local market as stability in the interest rates at around 6.75% has convinced many that now is the time to buy. There is no doubt that this is a buyers market since the inventory of homes on the market continues to outpace the number of available buyers. There is only a minimal increase in home values this year, most hovering above or below 1%. The best strategy for selling a home in this market is to price your home competitively in the first place. This will prevent … (0 comments)
Yesterday one of my clients asked me why you couldn't negotiate for a home the way that you negotiate for a car. In particular, he was talking about a negotiation between two individuals, not an individual and a company or bank.;)
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