Uncategorized Land – A Speciality Discipline for Real Estate Practitioners   The purchase or sale of vacant land is a speciality discipline within real estate — just like cardiology and neurosurgery are speciality disciplines within medicine. It’s true that both cardiologists and neurosurgeons are medical doctors, but there’s a clear preference if one is having a heart attack, right? The same is true when it […]
Uncategorized Arkansas: Pay your Rent or Go to Jail! What if you lived in a world in which you could go to jail for being one day late with your rent? The very question seems almost preposterous at face, but this scenario is a theoretical possibility in the state of Arkansas. According to Lynn Foster, a professor at the William H. Bowen School of […]
Uncategorized What is a contingency? In real estate, a contingency is a contractual condition which states that certain criteria must be met in order to proceed with the purchase/sale of a property. Others may frame a contingency as “a way out” of a contract. Real estate contracts spell out the “what ifs” pertaining to each contingency, including, but not limited […]
Uncategorized So, You Wanna Buy an REO Property? REO (Real Estate Owned) properties are properties owned or managed by a lender, bank or government agency. These properties are sold as-is, where is. Cash is the preferred option for purchase. The utilities in REO properties are often disconnected. This means that any inspections that require the electric, water, sewage, etc. are at the sole […]
Uncategorized Referral Real Estate: How Seasoned Professionals Do Real Estate Often time in real estate, I encounter property that falls outside of my area of expertise. Sure, I could probably talk my way around the problem and attempt to help someone out – but this is putting my interests above the client’s, while at the same time, dramatically increasing my liability and chances of error. […]
Uncategorized Consumers: Commercial Real Estate is a Broker Specialty! When it comes to commercial real estate, it is important to understand that not every real estate broker is equally qualified — even though said brokers may have the same real estate license on paper. Commercial real estate is a different beast than residential real estate. If you are looking to buy or sell commercial […]
Uncategorized 5 Factors That Decide Your Credit Score Credit scores fall within the following range: 200-800. Scores above 620 are considered desirable for obtaining a mortgage. It is possible to get a mortgage with a lower credit score, though generally these loans are far less favorable to the buyer. I have listed five factors which will affect your score. Payment history — whether […]
Uncategorized BUYERS: 8 Steps to Getting Your Finances in Order Develop a family budget. Instead of budgeting what you’d like to spend, use receipts to create a budget for what you actually spent over the last six months. One advantage of this approach is that it factors in unexpected expenses, such as car repairs, illnesses, etc., as well as predictable costs such as rent. Reduce […]
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Uncategorized FSBO GUIDE: Sell Faster at Higher Price Below I have listed some ways to boost the possibility of selling your property on your own and without an agent. I truly wish you luck!  Place an ad in your local newspaper and online. Always include the area of town, the price, number of bedrooms and bathrooms; these are the most important considerations for […]
Uncategorized FOR SALE BY OWNER MUST-DOS! Make improvements if they make sense, but don’t over improve.    You know those little things you’ve been putting off? Well, it’s time to get them done. You’ve seen the statistics about how much money you’ll get back on improvements, but as often as not those numbers are a tad inflated. Remember, prospective buyers have their […]
Uncategorized Some Ways to Make Your House More Sellable Here are nine ways that many people overlook when marketing real estate. These 10 tips hold true for property types of all price-ranges. Buyers today are looking for reasons NOT to buy your property. The real estate market is fierce and competitive — so, as a seller, it is your duty to do everything in […]
Uncategorized Five Ways to “Speed-Up” Your Sale These five tips are imperative to consider when selling property. If your property is lingering on an active market, chances are that one of the listed tips could really make a difference. In truth, all sales hinge upon the first step listed below. Accurately pricing your property is extremely important because the initial activity and […]
Uncategorized Seller-Courtesy: 5 items to Give to New Home-owners! 5 Items to Have on Hand for the New Owners These items may seem self-explanatory to give to new owners, but very few people actually follow-through with all five. My favorite on the list is number 3, especially if the new owner is from out-of-area. Owner’s manuals for items left in the house. Warranties for […]
Uncategorized PRE-QUALIFY ALL BUYERS WHEN SELLING FSBO! Unless the buyer who makes an offer on your home has the resources to qualify for a mortgage, you really do not have a sale. You should determine a buyer’s financial status before signing the contract. Consider these five questions:   Has the buyer been prequalified or preapproved (better) for a mortgage? Such buyers will […]
Uncategorized FSBO: Questions to Consider! If you are thinking of selling your property on your own — without a real estate professional — it is prudent to consider all aspects of the selling process, which inevitably includes the buying process as well. Do you have the time and energy to sell your own property? One of the keys to selling your […]
Uncategorized 20 Low-Cost Ways to Spruce Up Your Home Make your home more appealing for potential buyers with these quick and easy tips. Some may seem self-explanatory, but you would be surprised!  Trim bushes so they don’t block windows and reduce natural light Buy a new doormat! Put a pot of bright flowers (or a small evergreen in winter) on your porch Put new […]