Buyer’s Market: Facts

We are currently in a buyers’ market. In a true buyers market a large percentage of the listings have had at least one price decrease since they initially entered the market. With more homes on the market, buyers can afford to take their time. If necessary, buyers should hire an agent who only represents them, and not the seller. If they are buying a brand-new house, builders may offer incentives, such as free upgrades, because of the overabundance of inventory. Buyers should remember that the builder cannot make the buyer work with its preferred lender and therefore a buyer should talk to other lenders.

If you are a seller, you can still sell your property for a reasonable price in a buyer’s real estate market. For sellers, it is especially important to price the property appropriately. Since there is an overabundance of houses available, buyers will avoid a house that is overpriced. In addition, sellers should take special care to prepare the living space before an open house. If you are selling your home in a buyer’s market, make sure it is as move-in ready as possible before it goes on the market. Sellers are competing with new homes, so ensure there are minimum cracks, stains or eccentric paint.

Make sure your home is as clutter free as possible. This means that you should remove pictures, attention-getting art and books from walls and shelves. In addition, home owners should take out some furniture to make the rooms look large and expansive. remove clutter from the shelves and pack up or throw away any magazines or books. Clean out your closets so viewers feel that there is more than enough storage. If your closet, cabinet or pantry looks too full, it’s a sign there may not be enough available space. And, since cleanliness is important to how appealing a home looks, you may want to consider hiring a cleaning service. Home sellers may also want to hire a home stager who will help arrange the interior to maximize space and to minimize clutter. The stagers also focus on the first impression of homes.

Trim your trees and shrubs because the buyers often make a decision on a property from seeing the outside. Remove your pets while you show your house because others may be intimidated by your dog. Also, ensure that your living space does not smell like pet odor. Some may find pet odor off
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ensive, and others may be allergic to or afraid of animals.

Finally, be flexible. Leave during the open house because no one likes to view a property with the homeowner. Consider paying for closing costs as a buyer’s incentive. Leave the washer, dryer or fridge as extra bonuses that other houses may not be offering. Make up for lacking amenities, such as paying for a gym membership if there’s no gym.

Finally, face reality. If you have had your home listed with three different agents and it still hasn’t been sold, then maybe its time to realize it’s not the agents. Something is keeping your home from selling and it could be that either you are not preparing your home properly or it is too expensive for the market.

By: Andrew Stratton

Article Directory: http://www.articledashboard.com

Buyers market provides you an opportunity to purchase property. Asheville NC real estate helps you fetch the best deal in a buyers market through its service offerings. To know about the buyers market and to find an experienced agent in your area, visit www.preferredrealestatecenter.com.

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Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…

salt lake eba voted president-elect of the national association of …

if you have excellent credit and will be buying a $250000-$750000 home in the next 90 days and would like an agent who will work exclusively for you, call us at (801) 969-8989 or contact us via the link on this page. …

buyer’s remorse

for example, i helped clients who rescinded a psa for a newly constructed home. their agent was the “designated buyer's agent” for the development. this agent provided remarkably poor representation. even though my clients had a weak …

are you a bubba? home buyer unrepresented by a buyer ‘ s agent

so how does a buyer ' s agent get paid? every home listed in the mls states a commission agreed upon by the seller with his agent to be paid to the buyer ' s agent of the particular home. yes, the seller pays the fee for you to your …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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Ok so 3 more posts today that I’ve dug up – I’m an information JUNKIE on this stuff lately. Give em a browse and let me know what ya reckon. They’re just from a few different sites I’ve been surfing lately that are generally good for information like this…

Robinson land: Spokane Real Estate Agent – Choose Experience

If you're listing your property, a good agent will know the market well enough to set an optimum asking price attractive to both seller and buyer. Choosing the right Spokane real estate agent when selling a home is extremely important and … To completely remove the potential of any conflict of interest, exclusive buyer's agents work with buyers and do not list homes for sale. Part of the presentation you should be shown should also include homes presently on the market …

$435000 :: 11502 Celestine Pass, Sarasota FL, 34240 | Sarasota …

Call listing agent for possible repairs that may be under way. Bank owned. Title to be conveyed via Special Warranty Deed and/or local equivalent. All offers subject to terms and conditions stated in the Seller Contract Addendum. Buyer(s) agree to close with Seller's Designated Closing Firm, and if not, buyer agrees to pay for the cost of the owner's title policy, regardless of local custom. All contracts must list seller as owner of record. Property being sold AS IS.

Rain City Guide

Sit down with your agent and go through that resale certificate. Don't rely on verbal representations made prior to receiving the resale certificate. I was told by the listing agent that the Association had money in reserves. ….. While the NWMLS form may not have a line signature available for a seller in your CC&R situation, it is VERY good escrow practice, to have signatures from both the buyer (s) or seller (s). This reduces the problem of EM disputes or at least if …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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How To Select A Buyer’s Broker For Your Next Real Estate Purchase

Selecting an agent to help sell your home is a topic that gets a lot of attention on real estate websites and in trade publications. But as buyer’s brokers become more popular, the need for information on choosing the right one is increasing. Luckily, the key to selecting a buyer’s broker for your particular needs is a very simple prospect.

Abraham Lincoln once said that if he had six hours to cut down a tree, he’d spend the first four sharpening the saw. He understood that preparation is the key to achieving results as fast as possible. It’s the same with finding the right property to buy, and the right agent to help you through the buying process.

First, know thyself. Before you can accurately evaluate a buyer’s broker, you have to know what kind of property you want to buy, where you want to buy and why, your budget, and your desired timeframe. If you don’t have a clear picture of what you want, it’ll be hard for you to determine whether a particular buyer’s agent can do right by you.

Second, start collecting word-of-mouth testimonials. Because real estate agents typically work within a certain geographical area, reputation is everything. Ask friends, family, and neighbors for their recommendations. You’ll probably hear about a few great agents, a few bad apples, and many more “just okay” comments.

Third, check out the “greats” and the “okays” with the local or state real estate commission. Though it may seem like a hassle to contact a government agency for information, it’s much better than finding out later that there’ve been dozens of complaints filed against a certain agent or agency.

Fourth, pick four or five agents to interview. Think of it like a business. You’d interview anyone who applied to work for your company. Why wouldn’t you interview a buyer’s agent, who’s also going to work for you? Ask them about the types of homes they help buy and sell, the types of clients they have, and how they’d guide you through the home-buying process if you chose to work with them.

Finally, select an agent and get a buyer’s agreement in place. Be clear on h
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ow long the buyer’s agent will represent you, the conditions of the agent’s commission, cancellation clauses, and what happens if you want to work with multiple agents or decide to buy a house that’s for sale by owner.

Put these pieces in place before you start shopping for a home. The process is bound be much smoother, and much more satisfying, when you take the time to plan ahead.

By: Lani and Allen Voivod

Article Directory: http://www.articledashboard.com

Alpine Lakes Real Estate has been building long-term relationships in the White Mountains region for more than 20 years. Their extensive real estate expertise is enhanced by their vast knowledge of the entire building process. With offices in Lincoln and Campton, NH, they also offer assistance with IRS 1031 “like-kind” exchanges, and the Design-Build services of their in-house architect. For more information, go to www.AlpineLakes.com.

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Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

the home buying process: part 4 – escrow and inspections

there is a form that must be completed, signed by the buyer(s) and received by the seller's agent no later than 11:59pm the last day of the inspection period (if the form isn't received by that time your inspection automatically ends …

first time home buyer’s mortgage checklist

the first time home buyer's mortgage checklist will get you organized to attack financing your home purchase as an informed shopper and avoid becoming a victim of pushy real estate agents and sneaky mortgage lenders. 1. are you ready? …

ten common mistakes people make when buying a home

sellers and their agents are often skeptical of a prospective buyer s ability to obtain a mortgage loan when the buyer has not been pre-qualified. when choosing between two comparable offers, or when contemplating countering a buyer s …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…

fairy tales can come true…..the power of offers in the atlanta …

not an enemy of rehabilitation and renovations, she sought out to find a "good priced" home that needed some work! so, she found the perfect real estate agent (ms. agent) and told her exactly what she was looking for. …

ten tips for the first time home buyer

one story or two story home? you also need to consider the size of the down payment and figure out what you need to do to come up with the money for it. you must learn about how real estate agents work. there are buyer s agents and …

the truth about why you need a buyer agent

a good buyer agent can save their clients both time and money. usually, lots of both. a good buyer agent can protect their clients from legal and financial disaster. a good buyer agent can even make the home buying experience more fun …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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How To Get The Best Foreclosure Deals In This Buyer’s Market And Sub-prime Meltdown

As you may know, the foreclosure market is hot right now. More and more home owners are failing to meet their loan obligations and, consequently, more properties are going into foreclosure. The sub-prime market has melted, ARM loans are adjusting and property values decreasing. That means big opportunities for you, so let me reveal how to get the best foreclosure deals…

The first thing to realize is that you’re not the only property investor on the lookout for a bargain. Just like you, other foreclosure investors are likely scouring the foreclosure listing sites, looking for a potential investment. But if you take the competition into account, and plan your strategy accordingly, you can get the deals you want.

For example, it’s crucial that you act fast. Ideally, you want to be the first to locate a promising property. That’s why you really want to try and snap up a property in pre-foreclosure – before it gets to that stage in the foreclosure process where it must be sold via public auction or trustee sale. Therefore, you should be monitoring the latest notices of default listed with the relevant county recorder(s).

If you’re one of the first to identify a possible investment property, you have the chance to contact the home owner first. Having said that, don’t expect to be the only one contacting them. They will likely receive a bunch of letters, phone calls and personal approaches from other potential buyers.

So how do you stand out? You try a different approach! This might be a creative mail piece and follow up phone call. Try mailing something that is bulky so the envelope is fat and lightweight or send lottery tickets. Or an audio CD, or a bunch of flowers. There are lots of ideas to get their attention. Think about it…what would get YOUR attention if you were them?

Whatever you do – be genuine, not gimmicky. Being genuine and credible is crucial for establishing trust. Which brings me to the next point…

Most home owners going through foreclosure are not only experiencing a lot of stress, but are probably unfamiliar with the foreclosure process. If you can be someone who helps them through this distressing time, y
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ou’ll have an advantage over everyone else. To this end, be open and helpful, and readily provide them with your background information and credentials in order to build trust.

This is a people business. You don’t talk to houses. People sell their houses and people are emotional beings. The better you relate to them, the more successful you’ll become because you are associating yourself to them at an emotional level. This is even more true during their foreclosure situation when they need sympathy, empathy and someone to understand them.

The next step is to value the home. If you’re not fully familiar with the area and the kind of property you’re looking at, you may wish to hire a professional appraiser or local real estate expert to assist you. Whether you do it yourself or hire an expert, understanding the market value of the property is crucial for getting the best possible deal.

Finally, to get the best deal you need to persuade the home owner that it’s in their best interests to sell the property to you. Often that’s true – they are more likely to get a better deal if they sell at pre-foreclosure than at a foreclosure auction. Having said that, it’s a good idea to educate them on their options and explain how the deal you’re presenting is likely to help them more than if they sell to someone else, or let the foreclosure proceedings continue.

Some of the things you might mention are that, by selling to you, the home owner will avoid foreclosure, save their credit history and get paid for their equity. Of course you need to make sure the deal works for you too… none of this is worth it unless you’re confident you can make the return you want!

Besides educating them on the process, your success will be exponential when you educate yourself constantly. The ebook ForeclosuresUnleashed contains complete information to help you along in your foreclosure investing. Consult the rich information in that book referenced below along with other foreclosure products that can help you.

By: Robert Lam

Article Directory: http://www.articledashboard.com

Robert Lam is a full-time investor and author of www.ForeclosuresUnleashed.net and teaches beginner, intermediate to experienced investors across the world how to profit from real estate. There’s a free gift available for the investor at www.ForeclosuresUnleashed.net.

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cles Via RSS!
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Choices Of Property For Sale By Owner And Sales Agent For Private House Sales

Do you have a property that you want to sell? You can sell it through sales agent or through private house sales. Both of these will definitely give you enough exposure to get clients buying your property. However, you need to know all the pros and cons so it will guide you what options to take.

For sales of property through sales agents you will have the following pros and cons:

Pros:
• Sales agents require considerable amount of commission compared to private house sales. This is because sales agents or brokers are usually licensed to qualify as property brokers. This means that they have gone all the way to become professional agents sell properties and they have such level of expertise.
• Compared to for sale by owner, sales agent has lot of networks and connection, which will expose your property.
• Sales agents are hardworking individual because their aim is to sell your property.

Cons:
• Sales agents have high commission. For an individual who wants to sell property, it would mean setting aside high percentage from the selling price of the property.
• The owner can do what the agent can do to sell the property. It just needs enough exposure of the property for sale by owner.
• Sales agents may not know much about the property that you are too familiar with. After all, it is your property.
• Sales agents may not be there when the buyer will have complains about the property sold. Sales agents are good as selling the property only. Some unethical sales agents would even give sales pitches that are not real. When the deal is closed and there seemed to be a promise of the agent that is not fulfilled, it is possible that the buyer will run to the owner of the property to express the complaints.

If you think having sales agent will not work for you, then you need to have private house sales. This is good as for sale by owner, without intervention of sales agents. Here are the pros and cons of properties for sales by owner.

Pros:
• The owner will have full control of the private house sales. The owners can make ways to expose the sales on their own and it will be their discretion to stop the sale. In other words, they will not be bounded by any contract.

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• For sales by owners will save considerable amount of money from commission. The owner will not be obliged to impart a percentage of the selling price for commission of a middleman.
• The owner will have control on the information given to the buyer. It s possible that the owner will not give too much sales pitch just to sell the property.

Cons:
• The owner will have no enough networks of buyers.
• The owner may not have enough time to advertise the sale.
• The owner may not have enough expertise in dealing with property sale or private house sales.

When you find that it is more beneficial for you to sell privately rather than through sales agent, you just need enough exposure for the sale. This means utilizing the Internet and other medium for advertisement. There may even be guides from the advertisers of private house sales that you can get to know how to sell your property well.

By: Vikram kuamr

Article Directory: http://www.articledashboard.com

Big Move Online is an advertiser of private house sales. If you choose for sale by owner , you can utilize their services that ensure smooth sale of your property.

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Real Estate Investment Strategies: Building Your Buyer’s List

In our last article we talked about putting a property seller under contract and then assigning that contract to a third party for a fee, this is called Wholesaling.

Most contracts are assignable – unless of course the contract states: this contract cannot be assigned! I do see this language occasionally – most often with various agreements and forms typically used by real estate brokerages. I use my own contracts and I would suggest you find your own forms and contracts to use. Be sure you consult with an attorney to ensure that any form/contract you use is acceptable within your area – better yet, ask your attorney if he/she can draw up a set of contracts and forms that you can use…this may require picking up a lunch tab or two, but well worth it in the long run.

So now you are armed with the knowledge necessary to help your seller with their property headache, and when the time is right you have the right paperwork to get the property under contract correctly and legally. Before we dive into our main topic, let’s review your seller.

THE SELLER: It goes without saying but I’ll go ahead and say it anyway: the terms you have under contract with your seller MUST be very attractive terms. You need to know your local market because we’re not talking about market value here, or even below market value…we are talking about obtaining property for fifty to seventy cents on the dollar. This type of seller may be experiencing some type of financial/personal distress – they NEED to sell, not just want to sell.The type of seller that wants to sell is already listed with an agent on the MLS, the type of seller that needs to sell is looking for you to help them.

OK, you already knew that. Let’s jump in – how do you find buyers to assign a contract to? For our purposes, we are going to assume the property you have under contract needs some work, so the type of buyer we are looking for here is an investor and/or rehabber. A retail buyer is another type of buyer you will want to have on a list – typically for pretty houses you have under contract or for a property you have rehabbed and now need to retail…but today, let’s find investor/rehab buyers we can wholesale our properties to
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.

Here are some ideas that are easy on the bank account:

Ads: Placing an ad in the newspaper and sitting back waiting for your phone to ring will only lead to disappointment. While newspapers are still relevant, you definitely need to be on the internet. The Internet is (arguably) our dominant media and Craigslist (FREE) is one of the web’s most visited sites – let the world know that you are looking for property. At the same time, set some time aside and get into the habit of scanning other ads for investors in your area, call them and get their information for your list.

Local REIA: Not only does this group provide a good educational experience, but you also will meet and mingle with a host of people that may purchase your properties or even joint venture with you in the acquisition of other properties. You need to join and attend every meeting – your mission is to collect as many business cards as you can from people who are interested in buying houses.

Auctions: This can be a good platform for the acquisition of property as long as you do your homework. In the meantime, auctions are also a great way to meet other investors. Set some time aside on your calendar and attend a number of these gatherings so you can pass your cards around, and just as importantly, collect as many investor business cards as you can.

As with anything, consistency is the key. I schedule these activities as appointments right into my Outlook calendar to make sure I am consistently doing the small things that help build my business. Once the label of real estate investor is accepted into your consciousness, a shift in perspective may be necessary: everyone you meet from now on could be a potential buyer, seller, or partner that may eventually need your help.

By: Kevin P. Sullivan

Article Directory: http://www.articledashboard.com

Kevin Sullivan is an active real estate investor and owner of Premiere Asset Solutions.
Please visit www.bostonbargainproperties.com for more Real Estate Tips.

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Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

Real Living: Real Living Offers Mortgage Payment Protection for …

Real Living is proud to announce the Peace of Mind Plan, a mortgage payment protection plan for home buyers in the Central Ohio, Dayton, Cincinnati and Louisville Metro areas beginning June 1, 2009. … When you are represented by a Real Living agent during the purchase of your next home, and finance through Real Living Mortgage, Real Living will provide you with one year of insurance benefits that cover a monthly mortgage payment of up to $1500 for up to six months if …

Cash Back at Closing? Strictly Illegal!

Even banks dangle cash-back deals to attract new customers. Now real estate con artists have jumped on the cash-back bandwagon, and plenty of home buyers–and even some real estate professionals–are falling for these schemes. … "Watch for warning signs," he tells them, "such as a buyer offering significantly more than the asking price, an inflated appraisal, or a situation in which neither the buyer nor the buyer's agent has seen the property, or they want to use a …

Real Estate Blog – Why Should a Seller Pay a Home Buyer’s Closing …

Rebecca–I think that incentives to the agents are overrated. The consumer is much to educated these days to buy a home that the agent likes…because the agent likes the bonus or commission. An incentive to the buyer would be more …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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