Category: Home Selling
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How To Challenge Home Appraisers
Reader Question: We are thinking of selling our home. We ordered a home appraisal which we just received in the mail. We do not agree with the opinion of value they came up with but we do not know how to go about challenging them. What should we do? …
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Our Home Is Underwater – What Should We Do?
Reader Question: Monty, we have a family member whose home is underwater. They owe $114,000 on the mortgage with a monthly PITI payment of $890.00. They paid $119,000 for it. Here, is the problem. They are divorcing, and his wife has moved out of the house. A local agent has estimated the home will sell today for between $75,000 and $90,000. Our…
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Timing Your Real Estate Move
If you have influence over timing your real estate move, the following suggestions can help you make the most of it. Timing can impact you both positively and negatively. There are many variables that will affect the timing of your purchase or sale. Place each of your considerations into one of the two categories: market…
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Real estate agency – What is it?
Real estate agency is a concept in the law It is the relationship between a principal and an agent. In real estate, a transaction begins between a real estate broker(the agent) and a principal (the seller or buyer). A principal can be a buyer or a seller, but most transactions begin with a home seller…
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Evaluating the risk of owning two homes
What Comes First? Evaluating the risk of owning two homes, buy, or sell first, is a common dilemma that homeowners face today. In fact, about seventy percent of home buyers are also home sellers. People caught in this “time trap” are often faced with difficult questions and weighty decisions to make. The first and most…
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The real estate agent working environment
Understanding the real estate agent working environment Your success with your real estate experience is in direct proportion to what you know about real estate. This short primer will help you better understand the agent and their playing field. Here are some facts to help shape your perspective. The more you know, the better your…
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Tax Considerations When You Buy Or Sell A Home
Another Benefit Of Homeownership One of the most appealing advantages of being a homeowner is the tax incentives offered. Even though some tax considerations are basic and fairly well known, the topic remains complex and extremely detailed. It is not our intent to answer all of your tax questions on this web page, but rather…
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So, you’ve been transferred
When you have been transferred, seek out the person that administers your relocation benefit immediately on notification of the new assignment. Do not depend on the water cooler talk with other employees as it may result in misunderstandings or miscommunications. The water cooler is not aware of a variety of internal and external communications that…
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For Real Estate Relocation Counselors
Help Us Make Your Job Easier When the relocation counselors do their job the move goes smoothly for the relocating employee and their family. Help your transferees by reading through the web site articles. It is a small investment in your time. You discover powerful information and insight that will allow you to improve the…
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The best method to receive an offer on your home
The saying “Luck is when preparedness and opportunity meet” is a very appropriate thought for this occasion. For most of us, to receive an offer on our home rarely happens during our lifetime. Most often, your agent will not suggest a method of how to handle this meeting, but we want you to have all…
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Negotiating for home sellers
Negotiating for home sellers is an important key So many times ego, misinformation or just downright stubbornness costs a sale unnecessarily. In most cases, one or both of the parties were not willing to consider the concern or objection of the other party. Many critical concerns will be discussed and decided upon during the real…
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Determining a home’s value
“A Pig in a Poke” We’ve all heard this phrase. It means to buy something that is worth less than you thought it was. Determining a home’s value is one of the biggest struggles for buyers of real estate. For sellers, the reverse, being underpaid, is true. Both buyer and seller wonder how they can protect…
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The listing agreement
An employment agreement In the simplest terms, the listing agreement is an employment contract between the home seller and the broker. The agreement describes the relationship between the two parties. It is driven by state and federal law to ensure compliance with existing law and outlines each party’s responsibilities in the process. When both sides…