Mike Morgan's (lyndamorgan2) Blog

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Real Estate Agent - Coldwell Banker Residential Real Estate
RECENT BLOG POSTS
Home buyers and sellers - the time for hesitation is over for both of you. Home sales are rising and inventories are shrinking. And even though home values fell dramatically in the last few years, the good news is that houses are now more affordable than they have been at any time during the last...
07/18/2011
There is much debate among real estate professionals about the value of holding an Open House. Some insist these events help with selling your home. Others argue it's an outdated practice in the digital age of virtual tours. However, it's been estimated that nearly half of all buyers who visit op...
07/08/2011
Many sellers are tempted to list For Sale By Owner (FSBO) because they feel home prices are down and they don't want to lose one more penny by paying a real estate commission. But with fewer than ten percent of all home sales falling into the FSBO category, it's a challenging strategy. Here are t...
06/22/2011
No matter how much you prepare, real estate closings just seem to take longer these days, often up to sixty days from the date of the initial offer. A recent survey of REALTORS® reveals that ten to fourteen percent of pending sales don't get to closing, while another twenty percent experience unp...
05/16/2011
One of the dilemmas facing prospective home buyers as they search and tour homes for sale is knowing whether or not the asking prices are in line with current values. There is a way to find out. You can start by asking your real estate agent to collect comparables and prepare a Comparative Market...
05/03/2011
Due to recent government incentives, home short sales are becoming the darling of the distressed-property marketplace. A short sale keeps owners out of foreclosure, because the lenders allow the homeowners to sell their house for less than they owe. Banks have really sped up the process, hiring l...
04/20/2011
If my recent article about the three types of home foreclosures piqued your interest in making such a purchase, read on to learn a few of the common mistakes to avoid when you're ready to make an offer. 1. Don't get caught up in a bidding frenzy. Banks may “under price” their offering, hoping to ...
04/06/2011
The issue of pricing strategies was recently addressed here, particularly for facing moving deadlines or selling a home that's languishing on the market. But what if you're experiencing financial hardship or losing valuable equity in your home? If you're facing mortgage default and want to avoid ...
03/21/2011
Trying to find a good deal in the housing market? You may want to consider buying a foreclosure. There are bargains to be found, but first, you’ll have to decide what kind of foreclosed property to pursue. The three categories of foreclosures are Pre-Foreclosure, Sherriff’s Auction, and Repossess...
03/11/2011
As a home buyer, you want your offer to be accepted and your real estate contract to close on schedule. However, in today's housing climate, you should expect some negotiation, and submit your offer with the following advice in mind: 1. The financing contingency in your offer will state your mort...
02/28/2011
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