When looking for a suitable property, you’ll probably have some “deal breakers” that you just can’t bear to live with. Perhaps you don’t want a home that is too close to the freeway, or a home with only one bathroom. Whatever it may be, it’s clearly a negative. And if you have a problem with… Continue reading What You Second Guess, Your Buyer Will Too
If you’ve ever bought a house or sold one, you’ve likely come across the conventional buying etiquette that says not to make a super low-ball offer. Sure, you can underbid for a home, but if you offer something too low, it will come off as offensive to the home seller and their listing agent. While… Continue reading Insulting Price Reductions in Real Estate
If you’ve been scouring real estate listings for a while now, you’ve probably paid close attention to how long a particular property has been listed. And if you haven’t, you should probably take note. Every little nugget you can take away from a property listing will help you better assess the situation, which could ultimately… Continue reading Stale Listings and Price Reductions
These days, real estate agents love to mention that a particular listing is a “standard sale,” meaning it’s not in foreclosure or in a short sale situation. While this is generally a good thing, largely because non-standard sales can be riddled with red tape and other issues, some properties aren’t as standard as they seem.… Continue reading Two Standard Sales That Aren’t So Standard
Here’s a hint. It’s not a really small house you can put in your pocket. But it is somewhat hidden, which explains the name “pocket listing.” Put simply, a pocket listing, also known as a “pocket deal,” is a house that is “for sale,” but not necessarily officially. So basically a homeowner is interested in… Continue reading What is a Pocket Listing?
Real estate Q&A: “How to buy real estate with no money down?” It used to be easy to buy real estate without putting a penny down. Back in 2006, 100% financing was the norm and you were a fool to put anything down; heck, there was even a mortgage lender named “Zero Down Mortgage.” But… Continue reading How to Buy Real Estate with No Money Down
Buying a home isn’t easy. There are a number of things that can and will go wrong, from the financing falling through, to the appraisal coming in low, to seeing your offer on that dream house get trumped by another buyer. Adding to the difficult and sometimes competitive process is timing the transaction. Is now… Continue reading Don’t Buy the Most Expensive House on the Block
Real estate Q&A: “Are foreclosures listed on MLS?” Foreclosures are plentiful at the moment, and though interest has grown for such transactions, not everyone is looking to scoop one up. Though they could turn out to be bargain, they’re more often riddled with delays and headache. The good news is foreclosures are listed on the… Continue reading Are Foreclosures Listed on the MLS?