|
By Lindsey, on December 23rd, 2011
Buyer brokers are looking to improve wherever they can in this economy. They are updating their resumes and business cards, improving their technology, putting mobile apps to use, and last but not least they are attempting to be the best agents they can be.
So often we hear stories about a buyers agent who has shown a buyer 50 homes using their own car, gas, and time. The buyer is extremely pleased with their service and wants to make things easier on them so they have their sister or friend write up an offer and submit it. This is with the thought that they are making it easier on the buyer agent, not knowing that they are removing the possibility of the buyer agent getting compensation for all of their hard work.
Read the Full Post »(375 words, estimated 1:30 mins reading time)
By Lindsey, on June 12th, 2011
Is the housing market recuperating? There isn’t anything obvious to confirm this thought in the real estate world, but home prices are rising in certain areas.
In the Charlotte-Gastonia-Concord, NC-SC area home prices have risen 12.2% since the beginning of 2010. This is great news for anyone who has bought a home in the area in the last year. With the median home price being $$195,000, owner’s homes have gained value over the last year. This is not the case in all areas of home prices.
I will give you a quick rundown of the areas where home prices have gone up and then will compare them to the areas where home prices have declined over the last year. See which category your buyers fall into if you have sold a home in the last year.
Coming in second to the Charlotte area is Buffalo, Niagara Falls, NY. The prices of homes here has risen 10.8 % in the last year bringing the median home price to $118,100.
Read the Full Post »(654 words, estimated 2:37 mins reading time)
By Julie, on June 15th, 2010
What is FICO you ask? Is it contagious? The answer is: FICO score is a measure of credit risk developed by Bill Fair and Earl Isaac beginning in 1958. FICO is a registered trademark of the Fair Isaac Corporation (FICO), founded in 1956 and headquartered in Minneapolis, MN. And no, it’s not contagious.
FICO Scores are calculated from a lot of different credit data in your credit report. This data can be grouped into five categories as outlined below. The following percentages reflect how important each of the categories is in determining your FICO score:
35% Payment history
30% Amounts owed
15% Length of credit history
10% New credit
10% Type of credit used
It is the combination of these categories that determine your FICO Score. No one category is more important or factor alone which determines your score. The overall credit report information determines how these categories affect your score. It’s impossible to determine how any single factor is important since it varies from different credit profiles and mix of information, which changes from person to person.
Read the Full Post »(303 words, estimated 1:13 mins reading time)
By Julie, on May 26th, 2010
300+ days of sunshine and a great place to enjoy nature. Nice revitalized downtown and many neighborhoods offer a wonderful family setting and good schools. One of the most dense areas in the country for post-high school educational institutions including University of Colorado at Denver, University of Colorado at Boulder, University of Denver, Metro, Regis, Red Rocks and numerous community colleges.
The current median sales price for homes in Denver CO as of Feb 2010 was $175,000. This represents a decline of 2.8%, or $5,000, compared to the prior quarter and an increase of 29.7% compared to the prior year. Sales prices have depreciated 14.2% over the last 5 years in Denver.
A quick fact about Denver: It had a theater before it had a school or hospital. In the Denver Metro area there are over a dozen theatre venues available. From the Denver Center of Performing Arts which offers astonishing facilities, backstage tours, acting instruction, professional theatre and Broadway shows to the Adams Mystery Playhouse, great for holiday or birthday parties, coworkers get together and first dates.
Read the Full Post »(435 words, estimated 1:44 mins reading time)
By Julie, on November 3rd, 2009
The National Association of Exclusive Buyer Agents (NAEBA) reports the resales of existing homes are up 9.4% in September.
The real estate market is showing the 4th straight month of gains. Sales around the country were 9.2% higher than last year.
The National Association of Realtors (NAR) reports the inventories of unsold homes fell just about everywhere.
Read the Full Post »(58 words, estimated 14 secs reading time)
By Julie, on October 26th, 2009
Recently, I have been told by buyers that they are not interested in using a particular company because of the location of the main office.
In realty, the company’s main office has no bearing on the knowledge or expertise an agent from that company would bring to the table. Generally, an office may have several agents that service a wide area. Each agent would have their area of expertise. That is why they are hired by that company to cover a certain area.
Most agents in today’s world don’t work out of the main office if the location they cover is far away. There are home offices and branch offices that cater to those distant areas. If a company does offer services in a particular area, it is because they have an agent who specializes in that area.
It is always beneficial to speak to the owner/broker of that office first and they will assign you to the agent that would be the best suited for your needs.
Read the Full Post »(169 words, estimated 41 secs reading time)
By Julie, on September 10th, 2009
Like traditional real-estate agents, exclusive buyer’s agents typically split the commission with a seller’s listing agent. However, buyer’s agents don’t accept listings, says an Exclusive Buyer Agent (EBA) and a member of the National Association of Exclusive Buyer Agents, an industry association. That means buyers will avoid being pressured to look at their agent’s company’s listings, in which there is likely to be a conflict of interest, he says.
Home buyers who use buyer’s agents also avoid conflicts that may arise when buyers work with a property’s listing agent rather than their own agent, says a real estate attorney in Tacoma, Wash. If the buyer reveals, for example, that they can afford more than they’re offering, the seller’s agent is obliged to notify the seller — even if the agent says he can work with the buyer, as well, he says. “Many states, have adopted laws that allow real-estate agents to act as dual agents.”
Read the Full Post »(295 words, estimated 1:11 mins reading time)
By Julie, on June 17th, 2009
An Exclusive Buyer Agent in the Alabama area commented about the Huntsville area in particular.
He explained that Huntsville is very prosperous and the major growth is expected in 2009 thru 2015. Most of this growth will come from the Army, Aerospace, NASA, computer technology and genetic research.
If you want to know about a specific area, feel free to comment and request the area you have questions about.
Read the Full Post »(70 words, estimated 17 secs reading time)
By admin, on April 13th, 2009
This is a recent report from one of our agents who services the Los Angeles Market:
“It is a xxxxxxxxx snake pit out here right now. REO listing agents are listing homes $50,000 under what they are worth and causing feeding frenzies. Sometimes I am one of 20 or 30 offers on a house. The worst thing is the listing agents are so inundated with phone calls that it is impossible for them to return calls, if at all.
I worked 5 hours on a deal on Monday, only to get an email from the listing agent that it had sold at noon on Friday, but she just had not had the time to update the MLS nor return any of my calls since Saturday.
Just when I thought I had seen it all, a new craziness hits the real estate marketplace.”
Read the Full Post »(143 words, estimated 34 secs reading time)
|
