Richard Weeks, REALTOR®, 's Blog

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2018 

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New listing slightly ahead of price decreases. Here is a snap shot of activity for the last 24 hours.  New listing 220Back on market listings 57Price decrease listings 209Price Increase listings 22Active kick out listings 7Active option contract 158Active contingent listings 30Pending listings 13...
09/30/2018

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Rainy and start of the state fair.  How will that effect the real estate market? Here is a snap shot of activity for the last 24 hours.  New listing 545  Back on market listings 117Price decrease listings 489Price Increase listings 67Active kick out listings 13Active option contract 208Active con...
09/29/2018

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Advice when buying your first rental property:Buy cheap enough so that you have a good cash flow. Use cash or hard money to buy at a deep discount, do a light rehab and refinance it.Make sure you have solid cash flow and don't touch that "profit" because you'll need it for taxes, clean up, downti...
09/29/2018

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Our first few days of cooler weather.  Lets see how it will effect the market this weekend. Here is a snap shot of activity for the last 24 hours.  New listings 569Back on market listings 120Price decrease listings 685Price Increase listings 51Active kick out listings 11Active option contract 247...
09/28/2018

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Prospect every day Real Estate is a business not a job, treat it like a business Create your yearly business plan, and review it every month Create a data base and contact people in it Managing your time Know your numbers Know your market Be competent  Mastering high return on investment producti...
09/27/2018

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Always surprised how few expire listings we have on a daily basis. Here is a snap shot of activity for the last 24 hours.  New listings 420Back on market listings 127Price decrease listings 518Price Increase listings 82Active kick out listings 8Active option contract 290Active contingent listings...
09/27/2018

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Who says the market is closing down? Here is a snap shot of activity for the last 24 hours.  New listings 402Back on market listings 98Price decrease listings 429Price Increase listings 51Active kick out listings 20Active option contract 268Active contingent listings 42Pending listings 310Expired...
09/26/2018

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Debt Service Coverage Ratio in real estate lending is a ratio used by lenders to determine income property loans.In theory debt service coverage ratio is a formula which equals net operating income divided by total debt service.Here is an example for an investment property:The buyer wants to borr...
09/25/2018

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Yesterdays price decreases were insane. Here is a snap shot of activity for the last 24 hours.  New listings 297Back on market listings 132Price decrease listings 549Price Increase listings 101Active kick out listings 12Active option contract 354Active contingent listings 64Pending listings 514Ex...
09/25/2018

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The tempreture has cooled off; however, the market remains hot. Here is a snap shot of activity for the last 24 hours.  New listings 104Back on market listings 41Price decrease listings 149Price Increase listings 8Active kick out listings 6Active option contract 177Active contingent listings 30Pe...
09/24/2018
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