tips for buyers: 5 Tips Buyers Should Know Before Making an Offer on a Short Sale Home - 11/13/09 04:30 PM
This week, Kristin Ayers - our group's transaction manager - forwarded me an article that cited a number of reasons why a buyer should avoid purchasing a short sale or pre-foreclosure property. Of the 11 reasons they provided to avoid short sales, 10 were inaccurate. Therefore, as someone who lists and … (0 comments)
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tips for buyers: If you're broke or have bad credit, don't expect that you should be able to purchase a home - 11/10/09 04:17 PM
Over the last few months, I have received a number of phone calls from potential buyers of foreclosed properties who identify themselves has having bad credit. At first, I thought this was a fluke -a random buyer or two who thought I may know of a program to sell distressed properties … (1 comments)
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tips for buyers: How to Spot that Deal You're Looking For - 11/03/09 05:41 PM
Everyone wants to find a great home at a great price in today's market. However, spotting one is difficult given the level of available inventory and the number of confusing messages from family, friends, and others. Here are three types of properties that you may want to look into when attempting … (1 comments)
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tips for buyers: Available Home Buying Incentives to assist in your next real estate purchase - 10/11/09 10:27 AM
If you are in the position to purchase a home today, congratulations: you've struck gold. Never before have I encountered so many organizations, lending institutions, and even the government enticing folks to purchase a home. Here are just a few that I have run across and some are specific to North … (4 comments)
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tips for buyers: First time Buyers: Tips to ensure you will not miss out on the $8,000 tax credit - 09/07/09 02:35 PM
Time is running out for first time home buyers to take advantage of the $8,000 home buyer tax credit. As of date of this post, members of congress have not expressed whether or not they will extend the credit so you should plan, as of now, that your deadline is November … (0 comments)
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tips for buyers: We're no longer accepting mortgage pre-approval letters. Here's why - 07/18/09 01:50 PM
If you have been actively selling real estate over the last year, you will noticed that a large numbers of sales are falling apart due to financing. Since the beginning of 2009, my group has only had one transaction close on time and that was a cash deal. Ask the loan … (9 comments)
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tips for buyers: The five opportunities to buy foreclosure real estate - 07/04/09 01:37 PM
Every home buyer today is looking for a great deal and that has led them to consider foreclosed properties. However, most are unaware of the life cycle of such properties and the opportunities that exist at each stage. So here's a breakdown of the life of a foreclosed property and the … (0 comments)
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tips for buyers: Are you prepared for a six month real estate bounce? - 05/16/09 02:15 PM
Whether its the typical seasonal bump or the start of recovery, real estate sales in the Charlotte area are picking up. Ok ok, don't pile on me yet. There are still thousands of homes in inventory that remained unsold, still hundreds coming across the court house steps, but buyers are buying … (0 comments)
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tips for buyers: About the $8,000 Homebuyer Tax Credit - 02/19/09 11:34 PM
The American Recovery and Reinvestment Act of 2009 contains a provision to assist / encourage first-time homebuyers with a homebuyer tax credit of $8,000. Below is a brief synaposis of the program.
Charlotte Real Estate
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tips for buyers: Introducing My Client Connect. Never Visit My Office For Paperwork Again! - 01/18/09 01:11 PM
So you just finished a looking at 10 homes and you found one that you want to make an offer on. So the agent suggests that you come back to the office and while they draw up the contract and run a CMA. When you arrive, the agent starts first by gathering … (0 comments)
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tips for buyers: Smart Home Buyer University coming to Union County January 24 - 01/02/09 02:22 PM
Learn Everything You Need To Know About Buying a Home in the Charlotte area.
Buying your first home can be a daunting process. Finding the home that fits your needs, wants, desires, and price range is only the tip of the iceberg. The typical transaction involves appraisals, inspections, surveys, an … (0 comments)
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tips for buyers: Buyers & Sellers: Is your dual agent really a double agent? - 12/23/08 11:57 PM
Agency is one of the moat confusing topic in real estate. There's your typical buyer agents and seller agents, which are fairly straight forward. Then there's dual agents, oh my. To make things simple, let's first exchange the word "agent" with "firm". You see, while most people think of buyer and … (0 comments)
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tips for buyers: Beware the $7500 First Time Home Buyer Tax Credit - 12/16/08 04:36 PM
I absolutely despise bait and switch schemes and the government's $7,500 tax credit for first time borrowers is just that. I've seen agents, builders, and lender all trying to lure buyers with the virtues of the supposed tax credit. However, buyers need to beware the tax credit because it's not a … (0 comments)
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tips for buyers: Would you buy a home from a builder in bankruptcy or foreclosure? - 12/01/08 01:22 PM
I have had the privilege of selling a home against a builder that has recently fallen on hard times. Even though our communities are different and the homes are not that similar, the price difference is enough to draw buyers into that neighborhood over our listing. However, is buying from a builder … (0 comments)
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tips for buyers: A 1% Interest Rate Increase = 10% Home Price Increase - 11/18/08 11:06 AM
One of the most statements that we hear from buyers is that they're attempting to time the market and will purchase when prices hit rock bottom. This is a great idea for those not financing their next home since they can jump in and buy at any time. However for the vast … (0 comments)
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tips for buyers: CMLS Square Footage Range Backfiring - 11/18/08 09:55 AM
A few months back, the MLS directors, on the behest of a handful of agents, made the decision to display a property's square footage as a range instead of the actual measurement. The idea was that it would limit agent's liability and prevent any further lawsuits. When they rolled out the … (2 comments)
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tips for buyers: YOU CALL THAT NEGOTIATING?!?! - 09/11/08 04:23 PM
Over the last year, I have been continuously amazed at the offers that I've received on a few of my listings. I'm not sure if the buyers or their agents mistake my homes for used cars but often times, they're offering the same price as a used Jetta. Negotiating has become … (17 comments)
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tips for buyers: Your Guide to Lease / Purchases. They can be a good thing - 08/25/08 11:53 AM
The real estate industry has a pretty good way of coming up with solutions posed by market problems. When conventional financing was unstable, lenders and agents utilized 3rd party non-profits sell homes to buyers will little for a downpayment. Now with many of the rules changing once again, lease purchases are … (0 comments)
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tips for buyers: CAUTION! The home you could be showing might be bugged! - 07/05/08 02:44 PM
I'm back! After a bit of an absence to an abundance of business, I am back and more busy than ever. If this is a bad market, I hate to see it good again.
This morning, I showed a house to my neighbor. The house was incredible but it had A … (21 comments)
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tips for buyers: Your Guide to Buying HUD Homes - 06/21/08 04:33 PM
I recently had the priviledge of attending a half day seminar from the local HUD representative company to explain the system and processes of buying a HUD owned home. Here is an overview from that seminar as well as some helpful tips so that you will be successful.
What is a … (4 comments)
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