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Posts in category 'General Brokerage'
27
Buyer's Discover Some Leverage In The Market...
The market has softened, but not fallen!
A few facts in the market, as I see them...
- Sellers continue to price homes for the market that was, not the market that is. So that means prices are down, you ask? Not necessarily. In the prior market with values escalating well above asking price, homes are being priced above the higher values, which may have reflected an emotional or needs-based response by the buyer. Values continue to be similar to the asking prices of the prior market, but not reaching the escalated numbers.
- The Federal Reserve raising mortgage rates had a very deferred effect on the market. The FED assumed that rising rates would slow the market immediately, which didn't occur.... so the FED kept jacking them up. Many economists say too far in light of the inflationary numbers. Regardless, buyers are now more conscientious of rate when shopping as every single point...
2
Only $824.79 Due At Closing!! With some effort, it's possible...
There are some success stories among the doom and gloom of the market for home-buyers! A recent first-time buyer looked at virtually every home that came up for sale between $80,000 and $155,000 - and many of those were pretty rough!
He'd done his due diligence:
- Fully pre-approved with a reputable local lender.
- Firm grasp of his Haves vs. Wants in a first-time home.
- Process for qualifying potential homes and eliminating them from reviewing the MLS or a curbside drive-by.
We'd offered on several, losing a couple at the maximum of his pre-approval, another after reviewing the ARV (As Repaired Value) and his acquisition / improvement cost.
A couple of the losses were painful, one in particular had tugged at his heart strings. To further augment his offers, we asked his lender to fully underwrite him as a buyer - leaving only property considerations and final approval at stake.
This buyer was very conscious o...
19
Anatomy Of A Hot Real Estate Market
The Pulse
I live for this, professionally. Markets such as the one we're in truly separate the pretenders from the contenders. Preparedness is the key, but with the trust of my principles we've been able to not only experience success, but accomplish some extraordinary things in a market where few have been able to accomplish their goals.
The Vitals
20
Home Didn't Sell? Discover The TEN Critical Aspects Of Success!
"It just didn't work out."
This doesn't mean that you initially chose the wrong agent, or even that they did a poor job. Sometimes a property just doesn't sell as expected. The potential reasons are many, but often a fresh pair of eyes can identify and correct the deficiencies of a prior sale attempt to get the anticipated move back on track!
The emotions of a transaction can be exhausting, from first seeing the sign in the yard to those...
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