buyers: Can We Walk Through The House Alone?
- 07/12/10 01:44 PM
For the first time in the business we had a buyer ask if they could walk through the home we were showing them alone. This was the 2nd showing of this home and on the first day the husband was unable to be there. The home was vacant and this was a higher end home. Now I know what your thinking, were they looking to steel something, to scope the place out? No, this was a very nice couple that I think just wanted to walk-through the home and be free to talk over all the pros and cons of the home. Of course we … (0 comments)
buyers: All Ready To Close, But Now We Wait !!
- 06/24/10 10:56 AM
We are representing a buyer on a bank owned home. Our close date is still 4 days away. Buyer loan docs have already been sent to escrow, buyer has signed, lender is ready to fund... BUT There are some unpaid taxes due on the property that the servicer needs to pay before we close. So how long might that take?? 1-60 days, GREAT !! Here we are 4 days before closing, we push like crazy for the last 30 days to get closed on time, even early and now it is up in the air if we will close on time. The banks must … (0 comments)
buyers: How Many Offers Will Be On This Bank Owned Home ??
- 05/24/10 11:24 AM
After helping a buyer search for the perfect home over the last few weeks we found the one ! It's a great bank owned home that is a really good fit for this buyer. BUT it is in the price range where it had 12 or more showing in the first 2 days on the market. So... How many offers will it get? and how much over asking may it go, or will it? We completely understand what the banks are trying to do. Price it aggressively, get as many offers as possible and move it for the highest amount possible in … (3 comments)
buyers: Any Slow Down After The Tax Credit ??
- 05/12/10 04:43 PM
Agents have all wondered if the buyer pool will go down after the tax credit expired the end of April? Will buyers sit back and wait for the next tax credit or next big incentive to buy? Belinda and I have wondered about that to. What will happen in the Reno area? We have kept a good eye on our leads in the last 12 days and we are NOT seeing a change in the number of buyer leads/inquiries we get. That is a real good thing. Buyers understand that interest rates are on the rise and if they don't buy soon they … (6 comments)
buyers: The Sun Is Out !!! What A Great Time To Buy !
- 05/08/10 06:05 AM
Living in Northern Nevada where we get our share of winter, it is SO nice to have that sun out daily now. We all know Spring and summer are a peak time for buyers to purchase that dream home. I think this year it is even more true. We had some heavy snow in the mountains this winter and it will be up there most of the summer. There is nothing like being in the valley of the Reno/Sparks area and looking up at all that snow. It really makes the whole area so beautiful. Buyers could not ask for a better situation to … (0 comments)
buyers: We Need More Listings On The Market !!
- 05/07/10 11:48 AM
I know we are still in a buyers market and to get more even we need less supply, but the inventory levels in our area are just not enough for the buyer demand. Sure buyers want that "deal" but just today I was searching for a buyer in her price range and very very little that will fit her needs. The old days of having 10-12 good deals to show a buyer in 1 day are just over. The new bank owned "great deal" comes on the market and if it is priced right, it's GONE in 2 days with more than 1 … (0 comments)
buyers: 6% or Higher Rates By December 2010 ??
- 04/28/10 12:03 PM
Will rates really go up over 6% by the end of this year? Everything I read says they will, but I'm just not sure. The markets are improving a bit but can they handle rates over 6%? I don't think so, at least not this year. With our market being heavy first time buyers and so many of those buyers being close on the numbers, that big of increase could really affect buyers qualifying. The last thing real estate needs is a slow down in the market due to high rates. I guess there is little we all can do to … (1 comments)
buyers: After The Tax Credit
- 04/27/10 05:34 PM
There will still be plenty of GREAT deals after the tax credits expire in a few days. We have received several calls from buyers this week that are really excited to buy right now and can't wait to find that perfect house. They all say that it would have been nice to get the tax credit but they are buying a house, not a tax credit ! The right house and the right deal are SO much more important than any tax credit. Take your time, work with the right agent and you will find the right house. We are seeing new … (5 comments)
buyers: Another Buyer Gets A Great Deal !!
- 04/20/10 12:43 PM
At a signing with one of our buyers today, it really hit me again, WOW- I can't believe these deals !! The buyers purchase price on this bank owned home was under $160k, The seller paid all the buyer closing costs, The rate was real close to 5% fixed for 30, $8,000 coming back on a tax credit and the final payment- CRAZY low, about what rents go for in our area. Will we EVER see these deals and rates this low again in our lifetime??? Maybe, but do you want to take that chance? BUY NOW !! … (0 comments)
buyers: I See How Good The Deal Is.... But Will Our Buyer??
- 04/14/10 09:24 AM
After showing our buyer a GREAT new listing today, I wonder how long it will take the buyer to know, IT'S A GREAT DEAL !! The home is listed in that price range and area where it will not be on the market 2 days before it receives multiple offers. I know that to be a 100% true, but I also know I can only advise my client of the facts and let them decide when they are ready. Sometimes you wish you could just say- " This is it, trust me !" But we know it may not be "The One" for … (3 comments)
buyers: Here Are Your Keys Mr. Buyer !
- 04/13/10 02:26 PM
With all the frustrations of short sales, bank owned and the market in general these days it's nice to come back to the basics. We represented buyers on a bank owned home and today was " Closing Day". After the 1,000 e-mails and calls every deal takes these days to get closed, it is sure nice to meet with a buyer on the closing day and receive a BIG "Thank You" and a BIG smile for all your hard work. This part never ever gets old and makes all the other stuff worth it. … (1 comments)
buyers: Most Buyers Want A Turn Key Home or Condo
- 04/12/10 12:21 PM
After receiving an e-mail today from a buyer, I just had to laugh. Here is part of what he said. "Keep in mind that I am selling all of my tools. I don't want to see another screw driver, hammer, ladder, etc." So he's telling me he doesn't want a fixer right??? I am not the sharpest tool in the shed but I get it. This was just a great lesson for us to keep asking the right questions to every buyer. Some buyers love the "fixer" and have not sold off all their tools BUT many buyers want the "Turn Key" Condo … (4 comments)
buyers: The Deals Are SO GOOD !! Buy Now !!
- 04/10/10 12:39 PM
WOW, the deals we are seeing everyday in our Reno market are just down right CRAZY. Our buyer just got their offer accepted today for the high $200,000's. The home sold in 2006 for over $560,000 and it's just an amazing house. With pricing this low and low rates, buyers really really need to look now!, it does not get much better then this ! … (1 comments)
buyers: Using All The Seller Credit For Your Buyers
- 04/09/10 03:02 PM
We represent many buyers on the purchase of bank owned homes in our area. With many buyers being first time home buyers and using FHA for their financing we almost always ask for closing cost help for the buyers. We never know if all the credit can be used up until a few days before closing when we see the estimated hud. Lately we have had a few hundred dollars left of the seller credit that looks like it can not be used. It's a use it or loose it thing. I have been on a mission lately to use every dime for our … (4 comments)
buyers: The Numbers For Reno/Sparks Nevada
- 04/08/10 11:15 AM
It's really all about the numbers ! We hear all the bad news but let's look at the numbers and you tell me why it's not a great time to buy and why so many buyers in our area are doing just that.... BUYING RIGHT NOW !! ( and they have been for the last year) * In 2009, there were 5227 homes sold, compared to 3,586 in 2008, an increase of 32% * As of April 6,2010- Under $300,000, stick built- 2,528 Active Listings, 858 Not in Contract, 1,670 Pending Sales, that is 66% of listings under contract, with 1,031 sold from 1/2010. … (0 comments)
buyers: South Reno Is A Great Place To Live
- 04/03/10 11:52 AM
Belinda and I have lived in South Reno for the past 14 years. Our children have all attended the great schools in this area and we are proud to call it home. We love the area for it's proximity to everything. North Lake Tahoe is just 25 minutes away, Mount Rose Ski Resort is right up the hill, the new Summit Mall is right here ( one of my girls favorite places) and so much more. Buyers should stronglyconsider this area of Reno if they like being close to everything and just want an all around great place to live. Walking Trails, Biking Trails, Great … (0 comments)
buyers: Love Real Estate Today !!
- 04/02/10 05:02 PM
We just found the ONE. You know, the one perfect home for our buyer! The feeling never gets old for agents. You work really hard to figure out what your client is looking for, what they like, what they need and what their price range is. You do the searches, you set the showing appointments and you start on the journey. How many homes will you need to show before the buyer finds the one? As we all know it can be the first house or number 27 ! or maybe 27 then back to number 1. Bottom line, we love it ! … (6 comments)
buyers: April 1st.... Is It Spring Yet ??
- 04/01/10 10:47 AM
Every year Belinda and I can't wait for Spring. We love the sun, Belinda actually worships the sun ( not really but close) It is also a time when buyers just distinctively come out of the wood work(snow) to start looking at homes. I guess it's just a built in clock that let's us all know it's a great time to start thinking about change. I cannot think of a better time to buy than right now ! I have been saying it for months but I need to keep saying it, Low rates, LOW prices, Simply the best time to buy we have … (1 comments)
buyers: Will Spring Bring More Buyers?
- 03/25/10 09:13 AM
Every winter in the Reno area we wait for spring & sunshine to come. Some buyers don't want to track through the snow to see homes. I wish they would though ! They are really missing out on the great bank owned buys right now. With the tax credit getting close to expiring and rates certain to rise soon, it may be a poor choice not to get out there and get a little wet ! We love the sun and spring too, but take a look, I'll turn the heater up in the car, I promise ! … (0 comments)
buyers: Let The Buyers Search !!
- 03/24/10 11:25 AM
When we started in real estate over 5 years ago we knew we wanted a web site set up that would allow buyers to do their own searches without signing in. The research has been done a number of times and they have found over and over again that buyers, first and foremost want to do their own searches. Yes they will ask question later, they will e-mail or call you later but they just want to see what is out there. Our web site is set up with an IDX search page and right on our home page we have a … (1 comments)
For the first time in the business we had a buyer ask if they could walk through the home we were showing them alone. This was the 2nd showing of this home and on the first day the husband was unable to be there. The home was vacant and this was a higher end home. Now I know what your thinking, were they looking to steel something, to scope the place out? No, this was a very nice couple that I think just wanted to walk-through the home and be free to talk over all the pros and cons of the home. Of course we … (0 comments)
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