ARCHIVED BLOG POSTS
2009
53
Comments
We frequently tell sellers what they should do to sell their home. Considering the things I’ve encountered while showing homes lately, I thought perhaps some advice about what they shouldn’t do is warranted as well. I’ve come up with a hit list, but kno...
05/19/2009
0
Comments
A new REO property came on the market, and the next day I received calls from two different buyers for a viewing. There were a half-dozen cards already on the kitchen counter, and no – this was not an open house, nor was it the weekend. While there, 4 other agents and their clients also came by...
05/19/2009
0
Comments
Price is king in the market right now, and as home prices have dropped, unit sales in Livermore have clicked up significantly, as evidenced in the graph below, comparing pending properties, year over year from April 08 through April 09. Sales are up 28% from this time a year ago. In someprice ran...
05/15/2009
2
Comments
1. First and foremost, come prepared with a pre-approval letter from your lender (not a pre-qual). Some banks will require that you be pre-approved by their lender, although you are not obligated to use that lender. 2. If your lender has requested documentation from you, get it to them immediatel...
05/07/2009
How many buyers have been out with their agents looking at a host of REO’s, only to arrive and find that there is a combo box, not a lockbox on the property. And as luck would have it, the code is nowhere to be found in the listing information and a phone call to the agent goes right to voice mai...
05/06/2009
0
Comments
1. The agent who has the listing has an agency agreement with the bank. Consider whether you want your own representation on the transaction by engaging a buyer’s agent to advise you. 2. The commission for the buyer’s agent is paid through the proceeds of the sale, from the seller’s side. 3. It i...
05/04/2009