home buyers: When Home Buyers Renovate Well - Amazing Sweat Equity
- 04/10/17 04:25 AM
Home Buyers' Renovations that Surprise You...Even Me
It was fortunate for me to be invited over to one of my first time home buyer's homes yesterday after my open house. This home buyer knew nothing about owning a house when she bought it but was an energetic and focused woman who could see the 'good bones' of the house (where others walked away saying too much work). Yes, a first time home buyer and fiancee that did not need a renovated home to move into! Now this was a change for me and have they made progress in the months they have lived … (8 comments)
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home buyers: Valentine Day's Home Buyer and Your Home Listing
- 02/14/17 04:22 AM
Valentine Day's Home Buyer and Your Home Listing
Most real estate agents are thinking sweet thoughts of their loved ones with gifts, flowers or a quiet dinner. But this is the time to appeal to those Valentine's Day home buyers who have warm hearts for RI real estate right now. They want to buy. So balancing your loved ones time with the buyers is a must. Let your home buyers know you care by sending them appealing listings with a heartfelt glow on it...Take the listing into Photoshop, Ipiccy or Google+ and bring … (4 comments)
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home buyers: It Is My First Time Out With the Buyer
- 02/03/17 05:44 AM
Buyers Are Shopping for a House without a Shopping Cart
We still live in a real estate world where real estate agents will do anything to keep a home buyer by their side. As an industry, we know that only pre-approved buyers can buy a home. Or do we? Having listed a lower priced home in a very hot market brings all sorts of buyers who lack the savviness of real estate guidance. Yes, they have no inkling of what it takes for closing costs, down payments and monthly mortgage payment they can afford.
I wonder what the home buyers are thinking? … (27 comments)
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home buyers: Home Inspection: What Does Your Real Estate Agent Do For You?
- 11/22/15 10:46 PM
Home Inspection: What Does Your Real Estate Agent Do For You?
Oh, this may make a few real estate agents uncomfortable for sure and I have seen it all from those who do not show up ever at a home inspection or check in or can not stop talking during the inspection. Your real estate agent is there to facilitate the process when she is representing the buyers. Your focus is on the home inspector and what he is doing and saying. The agent can visually see when the home inspector is espousing rhetoric that the buyers have no clue about...you know … (36 comments)
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home buyers: Multi Bid Home Offer Success Has Consequences at Home Inspection
- 11/20/15 09:03 PM
Multi Bid Home Offer Success Has Consequences at
Home Inspection
Home sellers are thrilled when their home for sale gets multiple offers. The choice to choose and feel that there is a strong chance to move forward with the home sale. However, I always wonder when buyers' real estate agents, after home inspection, submits a huge laundry list of repairs they want completed for the buyers. It was multi bid right? There are other buyers waiting in the wings to step in if this sale goes south in RI real estate.
Does the buyers' agent let the buyers know that to ask for … (8 comments)
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home buyers: Insurance Companies Are Tougher on Homeowners Insurance
- 11/17/15 08:25 PM
Insurance Companies Are Tougher on
Homeowners Insurance
What a difference 10 years makes in real estate and in home insurance. In RI real estate we have so much waterfront or near waterfront that insurance companies can have stringent restrictions on whether they insure in an area or not for home buyers. I am wondering whether other parts of the country are feeling the same pinch. In a continuing education real estate class the other day a number of items that came up about insurance companies and homeowners insurance. There seem to be a resounding concern among real estate agents that certain homeowner insurance … (44 comments)
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home buyers: Amazing Open House Traffic Sells RI Real Estate
- 11/08/15 03:32 AM
Amazing Open House Traffic Sells RI Real Estate
Some say Open Houses in real estate are a waste of time for the sellers...they only benefit the real estate agent in picking up buyers. I say No Way! It all depends on the location and price point of a home. When home inventory in a particular hot range of pricing is limited, Open Houses in North Kingstown RI real estate work well for home sellers.
We are in a balanced real estate market in this town which means buyers no longer 'rule the roost' when making an offer. Make a strong offer on a … (43 comments)
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home buyers: When the Home Sellers Want More Money than the Buyers Offer Price
- 09/28/15 09:53 PM
When the Home Sellers Want More Money than the Buyers Offer Price
Oh, it must be a low offer you say. Truthfully it may not be. An offer on a house in RI coastal real estate that is within a couple of thousand dollars from the asking price is considered a great offer. It may be that you could counter and get the asking price. However, the question is about a seller actually questioning the sales price for the home. What is a good real estate agent to do? Well if you did your homework before the offer came your sellers' way, you … (55 comments)
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home buyers: When Time is of the Essence How Do You React?
- 08/15/15 01:24 AM
When Time is of the Essence How Do You React?
Whether you are a real estate agent or lender the time lines in a real estate transaction that the buyer must meet are essential. Some sellers refuse to allow home buyers to extend their dates for inspection responses to repairs, lenders not meeting commitment dates or closing dates to name a few. It is so important for home buyers to understand this at the first meeting with a real estate agent or lender. Knowing your dates for end of inspection period, commitment letter, responding to receipt of condo/HOA documents, appraisal and closing … (35 comments)
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home buyers: Well the House Needs Updates
- 07/13/15 09:00 PM
Well the House Needs Updates
There have been many blog posts lately about pricing a home. It is all about the price when selling RI real estate too. It does not matter the location, condition, etc. of a home if it is not reflected in the price. It HAS to be. As a real estate agent it has always been important to me to price accordingly.
So a house comes on the market that I can see is priced well to its location and condition...the acreage alone is worth the asking price of this property. Yet the agent tells me that the … (19 comments)
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home buyers: When the IRS Holds You Hostage in a Loan Closing
- 06/10/15 09:59 PM
When the IRS Holds You Hostage in a Loan Closing
Yes, the IRS can hold you hostage in a loan closing to be....hear me out because I have never had one like this before. Of course, my seller is last sale on the chain of buys and sells here. The lender is verifying the income of the home buyer on the first sale with the IRS to ensure what he reported & showed as income is as he reported to the IRS. So a transcript from the IRS is required.
We do not know if because of the hacking scandal of IRS web … (19 comments)
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home buyers: Can Home Sellers Make Requested Repair Fixes Themselves?
- 05/28/15 09:58 PM
Can Home Sellers Make Requested Repair Fixes Themselves?
In the process of home buying, a buyer wants to do a home inspection on their potential property to ensure there are not major issues to deal with soon. They hire a home inspector that is knowledgeable in their job and a report on the needed repairs is generated for them. Now some of these home repairs may be maintenance items and other repairs may be safety and structural that need to be dealt with soon.
It is at that point in the world of RI real estate that a home buyer, within their 10 … (16 comments)
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home buyers: Home Buyers Need to Understand the Cost of Home Ownership
- 04/09/15 09:22 PM
Home Buyers Need to Understand the Cost of
Home Ownership
Nothing new that real estate agents and lenders have not discussed with home buyers before but it needs to be repeated again and again. Many home buyers are looking at homes they really can not afford to buy when you look at the home maintenance items that need to be done in the next year or two. Being aware and talking about these items with home buyers is essential.
Why wait until you get and spent the money on a home inspection before you get unsettled about buying a home?
Start at the … (60 comments)
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home buyers: Have Cash and Want to Buy Your House
- 03/25/15 09:03 PM
Have Cash and Want to Buy Your House
Words that Inspire Real Estate Agents
There is something that home sellers need to appreciate when the online marketing is so good that the calls come in saying I have cash and want to buy that house on X street. The caller keeps a constant stream of words coming out of their mouths that you do not have a chance to get a word in edgewise. Breathe! Okay, let us talk facts with this caller.
First, you are going through a divorce and you have not received the cash from the … (27 comments)
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home buyers: You Know That Kind Of Home Buyer Too
- 11/29/14 09:08 PM
You Know That Kind Of Home Buyer Too
In the world of real estate there are very picky buyers who will test you to the nth degree especially when you do not represent them. Yes, on the other side doing my utmost to protect my sellers from a very picky, picky buyer. Although I will not mention his past livelihood, it is enough to say that this was anticipated to some extent. Again certain professions in private or public sector just demonstrate the dissection of everything...even words like 'then' and 'it'!
But this had to do with inspection of … (17 comments)
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home buyers: Buyers Words ' Nothing in the Home Inspection to Scare Me'
- 11/15/14 10:40 PM
Buyers Words ' Nothing in the Home Inspection to Scare Me'
Now these are words every real estate agent and home seller want to hear from the buyers. In the words of any experienced real estate agent most problems can be fixed by the seller as long as they are cooperative. Yet it really takes a home buyer that has owned a home before or is comfortable in their own skin to make this statement. Experience is telling here.
There may be septic or sewer issues, mold remediation needed, deteriorating roofs, heating systems not functioning well, electrical fuse boxes, … (71 comments)
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home buyers: Will Your Home Seller Take Less for the House?
- 10/20/14 10:05 PM
Will Your Home Seller Take Less for the House?
It never fails if I have a nicely priced home in a highly desirable in demand RI neighborhood this question surfaces from home buyers. Usually they are with their real estate agent touring the home or come in at the Open House...Will your home seller take less for the house? This seems to be the course in RI real estate lately.
I immediately go to the hall closet where I have a ouija board, fortune cookies, set of dice and magic 8 ball to pull out to see what the answer … (19 comments)
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home buyers: When the Tough Get Going on a Home Offer
- 10/03/14 11:26 PM
When the Tough Get Going on a Home Offer
Here it is a home that has been on the market a month in RI coastal real estate and the tough buyers (what are they really made of) are coming out of the woodwork (surfacing from the saltwater too) to make a multitude of home offers. You need to have some dramamine for this process if you do not like the ocean swells that come at you with each deadline, final deadline, highest and best request. Who said that buying a house was easy?!
When you are at a price point … (12 comments)
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home buyers: Why do Buyers Look at Homes they Can Not Afford
- 09/30/14 10:28 PM
Why do Buyers Look at Homes they Can Not Afford It happens all the time to Sellers that home buyers (aka, purported home buyers) want to preview a new listing with their agent. Yet, they are not pre-approved to buy at the price point the house is selling for. I love to hear the reasons when an agent comes in to preview with their buyers or at an Open House...some of the ones that are common: - We know we can buy this Home (really, you have a crystal ball that has to be duplicated so … (78 comments)
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home buyers: Being a Buyer's Agent Means Acting Responsibly
- 06/17/14 02:49 AM
Being a Buyer's Agent Means Acting Responsibly
Buyer's agents in the field of real estate have a duty to their clients above all. They have a fiduciary responsibility, honesty in the transaction and representing their client in the best way they can. If you can not do this well you should not represent home buyers. Remember you are there to give your best guidance but you are not the client. It is and should be the client, not the buyer's agent, who makes the decision after weighing the facts at hand.
I had a transaction recently where the buyer's … (9 comments)
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Home Buyers' Renovations that Surprise You...Even Me
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