Homebuilders and decorators make it very alluring; there is no doubt about it. But yes, buying a brand new home in a new subdivision is risky. Some homeowners have certainly found themselves in an uphill battle when the time comes to sell. Competing with homebuilders, still actively building in the subdivision, when the unexpected or a relocation arises, can be tough. The uphill battle will last as long as new construction continues in the neighborhood. Builders will usually start discounting in order to complete one subdivision as they start building in another location.
A pre-owned home will always be a safer choice if there is any possibility of moving in less than 5-7 years. Continue reading
Some Are Worth Their Weight in Gold…Others Not A Penny!
AgentHarvest received an email from one of their elite listing agents in the Seattle area recently. He shared a video of how a mistake by a Realtor cost their own client an extra 25K. It highlights how real estate contracts and contingencies can be confusing for the inexperienced Realtors. Continue reading
The number of Real Estate Agents or Realtors is mind boggling. Many claim to be a Top Realtor or the # 1 Agent or an Award Winning Realtor. Many experienced Realtors truly are among the top but unfortunately Realtors faking their experience happens. Given the fact that 10% of the agents do 90% of the business, part of the 90% could have been the #1 agent (of the month in their office 2 years ago)! Before you hire a Realtor to market your home, read about Realtors Faking Track Records. Continue reading
The factors below will help determine the reasons for your home not selling. If your home has been listed longer than 4 months (or longer than average DOM / days on market for the area), Buyers already perceive your home as a stale listing. Right now is the time to do some damage control! Continue reading
As we get older we need to consider where we want to ‘age in place’. Remaining in our home may be just too much to handle, especially if it’s too large or in need of repairs. A large two story home certainly doesn’t meet our needs any longer. We question ourselves if we should sell and downsize to smaller home or invest our equity and just lease. Or, would it be better to hire someone to make modifications in order to remain where we are. Continue reading
Think commission is the only reason a homeowner sells FSBO? Not Always!
Most FSBO’s just want to save money and not pay the normal commission to list their home through a Realtor. This article is a warning to homebuyers of unscrupulous reasons some other homeowners sell FSBO. I would have not known this homeowners intent had we not met face to face. She had no intention of being truthful to potential Buyer. She refused to complete the Seller’s Disclosure Notice and went FSBO instead. Continue reading
A Corporate Relocation Package can include some nice employee benefits when their employee is relocated to another city. The range of benefits vary, depending on the transferee tier level and whether you are buying or selling a home, or both. One of the most desirable benefits, not offered to all employees who need to sell a home, is the Guaranteed Buyout Program. This is a benefit where the employer buys the transferee’s home, after being actively marketed by a real estate agent for a specified period of time. Due to the employer assuming the risk of ownership, for the employee, the company can restrict certain types and atypical homes from the buyout benefit. Continue reading
Real Estate Agents have lost their jobs, they just don’t know it yet. The real estate industry is on its last gasps. The ramifications from the agreement made by NAR and the local MLS associations, making the choice to give listing information to Zillow, was the beginning of what will be a slow, painful, and inevitable death to the Real Estate Services industry. Continue reading
Sellers today, more so than ever before, are not only using video recorders to ensure nothing gets stolen during a showing, but they’re also listening to Buyer’s comments made while inside viewing the Seller’s home. Those comments can sabotage negotiations even before the Buyer’s offer is submitted.
Have you ever wondered why they accepted another buyer’s offer, over your own? Maybe the other offer was higher, the other buyer offered terms more favorable to yours, or they were a stronger Buyer with a substantial down payment. Or maybe not. It could have been because you said something to make the seller not want to sell you the house. Continue reading
You might want to re-evaluate automatically hiring the self proclaimed “Neighborhood Agent” to sell your home. Just because they live in the neighborhood isn’t reason enough to hire them, as they would have you to believe, and most certainly doesn’t mean they are your best choice. Here’s why. Continue reading