It’s not what they offer, it’s what you walk away with that counts!

July 9, 2009 · Julie Cleland · 4 Comments

When it comes to buying or selling a property, the conventional wisdom is that it’s all about the offer price and that certainly is a big part of the picture. However, a seller really needs to think about what they will walk away with, or rather, what they will NET; after all selling expenses are paid out. As a seller you have to make decisions that in the long run may end up costing you money. Read more

Fannie Mae Short Sale Webinar

January 13, 2009 · David Wang · 7 Comments

Do you know what a short sale is?

Doing a routine search for properties today I came across a very good 20 minute video on what is a short sales put on by Fannie Mae. We have been working with short sales for over a year and have had the explanations given and have had the explanation received many many times already but this is short and good. The slides are good and to the point the Audio is clear and crisp it is short enough for clients to get through without losing focus.

As a client I would believe this more than an agent i just met because we all recognize the name Fannie Mae and with all the government oversight they are receiving they have to watch their P’s and Q’s. Read more

Negotiation Skills – The Most Important Reason to Hire a Professional Realtor

December 13, 2008 · Kathy Wall · 5 Comments

Today has been a nerve wracking day. I have a home listed here in Brisbane that has been on the market for a couple of months. During that time, there have been 2 people who have consistently expressed serious interest. Earlier this week, one of them finally stepped up to the plate and brought us an offer. We went back and forth with counter offers and then yesterday, when my Sellers were all set to sign the most recent counter, the phone rang. Of course, it was the agent for the other interested party! He finally had his ducks in a row and was ready to bring an offer. Would we wait until today at noon before accepting the other offer? Alrighty, then. After conferring with my clients and weighing our options, we decided to wait.

It is now almost 4:30 and, needless to say, the noon deadline has long since passed. I know that the agent met with his client at 1:00 p.m., but I still don’t have an offer in hand and his calls are going straight to voice mail. Aaaaaaah! Read more

Is it a good time to Move Up?

October 17, 2008 · Nicole Machado · 1 Comment

Everyone’s question these days seems to be “Is now the right time to buy”? I have come up with a chart that helps you make the decision if now is the right time to buy!

Current Home New Home

Sell	Spread (What it would cost you to move)	Buy
$100K	$100K	$200K
(Value appreciates 10%) $110K	$110K	$220K
(Value depreciates 10%) $ 90K	$ 90K	$180K

The above chart is an example of a “move-up” buyer determining whether it is a good time to purchase an upgrade property.

Now ask yourself this question… “When does it make more sense to move up- when prices have gone up less or when they’ve gone down more?”

If you have answered when prices go down, you are the lucky winner!!!! You profit the most when the spread is less. So whether you are discouraged that you don’t have enough equity or down payment in order to move, ask yourself this question….

“If you don’t feel you can move up comfortably now, how will you be able to do so when prices go up further?”

***One last thing to ponder… When interest rates go from 6% to 7.5% the prices of homes would have to go down 14.7% in order to keep the same monthly payment.

What is TDS?

September 17, 2008 · Shokoofeh Nowbakht · 1 Comment

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“What is TDS?” my client asked. It is a 3 page Transfer Disclosure Statement which the seller is required by law to fill out. The main purpose is for the sellers to disclose to the buyers anything they know about the condition of the house. Read more

Knock Knock is anyone Home? (I hope not)

September 10, 2008 · Sophia Lin · Comment here

Should a Seller be present when a Buyer is previewing their home? As an experienced Buyer’s and Seller’s agent, I understand both sides. I believe it is in the best interest of both the Buyer and Seller for the Seller not to be present at a showing (unless in some understandable circumstances) I like to use the simple analogy of when one goes to the store to buy a pair of pants. We look around for what we like, we see if we could afford it, and then we try it on (the most important part, if it doesn’t fit, we don’t want it). Now when shopping for a house the part where we try it on is when we are previewing the home (the most important part) When Buyer’s are Read more