Real Estate Network

Archive for November, 2009

Choosing a good real estate agent in Bend Oregon can be a sticky proposition. There are currently a little over two thousand members of the Central Oregon Multiple Listing service. Out of these two thousand members there are approximately 1,500 active real estate agents. The rest are part time agents, real estate appraisers, lenders or others associated with the real estate business.

Oregon law recently changed however and agents are now called Brokers and Principle Brokers. Brokers are men and women who sell real estate for a Principle Broker who is responsible for their activities. The Principle Broker can also sell and list properties. For the purposes of this article we will call Brokers and Principal Brokers who actively sell and list homes “Agents.”

When searching for an agent to assist you in buying or selling a home it is a good idea to choose one that is a Certified Residential Specialist (CRS). There are over one million Realtors in business today. So if you want to find that one-in-a-million Realtor start with the over 37,000 that hold the Certified Residential Specialist Designation. CRS is the symbol of excellence in residential real estate.

You should also make sure your agent is a Realtor. Not all agents are Realtors. A Realtor is pledged to adhere to a strict code of ethics. Whether you are buying or selling a home, you can count on your Realtor to be honest with all parties in the transaction, not just you, as his or here client, but also with the other real estate practitioner and his or her clients.

For example, if Realtors represent a buyer with a spotty credit history, they can’t be dishonest with seller about this fact. At the same time, Realtors can help their buyer clients collect and assemble information, such as credit reports and audited tax returns, to demonstrate that the buyer has addressed the problem and improved their situation.

He or she will put your interests ahead of his or her interest at all times. He understand the needs of his or her client, thoroughly researches available inventory and shares all relevant information with the buyer so that he or she can make an informed decision. This service is provided regardless of the compensation available.

She or He will disclose all pertinent facts regarding the property and the transaction to both buyer and seller. If a Realtor believes information provided by a seller is questionable, the Realtor is obligated to investigate. Realtors should recommend that buyers consult their own experts, such as home inspectors, to address concerns.

For example, if a home seller asks his or her Realtor to conceal the fact that the roof leaks, the Realtor cannot comply. If the seller insists, the Realtor should end the business relationship with that seller.

He or she will be truthful in all communications with the public. When Realtors distribute newsletters, create Web sites, or place advertisements, they must be careful not to represent other real estate professionals’ work product as their own. If recently sold or listed properties in the community are publicized, it must be clear whether the Realtor was actually involved in the transaction or whether that data came from the local multiple listing service or other source. This ensures that the public understands the Realtor’s experience and they can make an informed decision when choosing real estate representation.

All Certified Residential Specialists are Realtors. So if you are looking for an agent in Bend Oregon or any place in the United States for that matter, you can search the internet with any browser for Certified Residential Specialist. Go to “Find a CRS” and fill in the city and state where you want to buy a home and need an agent.

You will then have a list with pictures, phone numbers and e-mail addresses of some of the best agents available. At this point it is good to contact the agent and ask him or here how long he or she has lived in the area you are going to be buying a home. You will be better served if you choose someone that has lived in the area for more than twenty years.

There are many factors to consider when choosing the agent you want to work with. Take your time and be sure the broker you choose is some you like and trust.

It is a buyer’s market in Bend Oregon today. It is a good time to buy a home. If you follow the steps outlined in this article you should find an ethical, experienced profession to help you find you new home and negotiate a good price.

What do you know about Feng Shui? If you’re like most people, you probably are not even sure if I spelled it right just now. Maybe you picture an old man doing the world’s slowest kung fu at dawn (that’s Tai Chi, totally different.) Feng shui is a sorta guidebook about the placement and architecture of a house to allow good flow of energy. And it’s not just placement of the bed and couch. The placement of the actual house and landscaping will affect the ch’i (energy) of the house in a big way. Let’s start with a few tips to bear in mind when looking examining the location for your dream home.

1. First and most important, research the history of a property. Find out what happened with the previous tenants, and the ones before them. And even the ones before them. Ask neighbors, or selling agent. If all the previous inhabitants have had money problems, family problems, etc., chances are there’s bad feng shui going on. Best to move on and look for another house.

2. Pay attention to the road placement. The road in front of your house should not be pointing directly into your home. If a house is sitting at a dead end, in a T-intersection, or in the center of cul-de-sac, then energy is constantly flowing straight down that road into the house, then building up and stagnating there. This is not good; the ch’i must continue to flow, like air. If it gets stuck in your home, it can go bad.

3. Pay attention to what’s around the house. Examine the terrain closely. Ideally, the property should have a dark turtle in the back (a mountain or hill, another house, a row of trees, a fence, etc.), a dragon (a house, a tree) to the left, a white tiger (a smaller house or tree) to the right, and a phoenix (open ground, a circular flowerbed, a meandering river or road) in front. All those exotic names are just a fun way to state the obvious —a house by itself is not ideal, since there is nothing to slow the flow of ch’i. Most houses will have all of these things around them already, but it doesn’t hurt to think about it your first time seeing a place. Other things to think about are “poison arrows,” like telephone poles, flagpoles, or the corner of a house pointing your way. They can hinder the energy flow to the house. Even a hospital can be a source of bad energy.

4. Something that probably doesn’t automatically spring to mind is the shape of the property; but that can be very important as well. Always go for something symmetrical, like a square or a rectangle. If your real estate is pretty close to square, use hedges to fill in the spots that make it irregular. Triangle-shaped properties can create disharmony. If you just love a place and absolutely have to have a it but it’s on a triangle-shaped lot, it’s better for the wide side to be in the back; the other way indicates an inability to save money.

When you visit a property, notice the shapes of the things around. I know it sounds strange, but kind of squint your eyes and see what you see, like you used to do as a kid, when you were looking at the clouds in the sky. If anything looks like something hostile, then be careful. That could be an indication of some anti-ch’i. You want enough stuff to slow the energy down to capture it but allow it to also flow.

Many new real estate agents think that once theyve obtained their real estate license that the road to success will be easily obtained and quickly traveled. These agents experience a rude awakening when they realize the amount of time and effort that must be put into their work to experience even the smallest amount of success. Its rare that a new real estate agent can achieve a significant amount of success by working part time. This is does not meant that success is impossible. Rather, that it will not be gained so easily.
Expect to make a financial investment that will not be returned in a short amount of time. You will spend money when you first begin your career as a real estate agent. Some fees that a new real estate agent must pay include the business license, local Multiple Listing Service fees, Board of Realtor fees, training or certification required by your brokerage company, as well as expenses for doing business.
It is a good idea to have a healthy savings built up because it could take a few months for you to receive your first pay check. As a real estate agent, you are paid commission based on the houses you sell. The transaction must close before you are paid for the transaction, so dont expect to receive your commission immediately. It typically takes between thirty and sixty days for the transaction to close.
You will likely work long hours when you first start out as a real estate agent. In most cases, you will be allowed to make your own hours, but keep in mind that you might have to work around your clients schedule in some cases. By no means should your clients control your time. However, be prepared to make a showing in the evening or on the weekend in the case that a client does not have any other available time. This might not be your ideal situation, but it is often necessary.
Know that you are expected to be more than just a salesperson. Often, real estate agents forgo customer service for the sake of making a commission. Your clients want to be treated as more than dollar signs. Putting more into each deal gives clients a reason to refer you to their family and friends. At times, your referral network will prove to your best marketing tool. Do the work it takes to find the perfect property for your clients. Understand that there may be times in the process that your client needs emotional counseling. These are the aspects of a real estate agent that make clients want to tell their friends about you.
Discouragement can come easily during your first months as a real estate agent. It might seem like everyone around you is closing deals while you struggle to find clients. When you start to feel this way, remind yourself that you are just starting out and these people have had years of practice. Until you build your referral network and other marketing strategies, finding your clients will be entirely up to you. You will have to resort the manual method of overturning every stone to find clients. With some practice you will refine the way you find new clients and the new guy in the firm will look to you for advice on finding clients.

Whether you are buying or selling a property, many people employ the services of a real estate professional. This person’s duty is to offer help, professional expertise and generally make the real estate experience easier for you by guiding you through the process.

What Is The Difference Between An “Agent” and a “Realtor?”

The words ‘real estate agent’ and ‘realtor’ are used interchangeably but there is actually a difference between the two. A real estate agent is salesperson licensed by the state, and given legal permission to represent consumers in the sale of, or purchase of homes on the open real estate market.

A Realtor is a real estate professional who is an active member of the National Association of Realtors (NAR) – a key supporting real estate organization. The NAR offers ongoing education, legal information, contractual updates, information on governmental regulations affecting the real estate industry, etc. Realtors might consist of appraisers, property managers, loan officers, and brokers. Therefore, not all Realtors are real estate agents.

Is One Better Than The Other?

Some Realtors have lots of success in helping consumers, while some Agents struggle to satisfy their clients. At the same time, many Agents can be extremely efficient, while some Realtors can find themselves unsuccessful. Association with any national organization can’t guarantee anything. Some people prefer Realtors because they have a preference due to the national accreditation of NAR. Also, all Realtors must comply with the standard set by NAR, which in part gives the client some additional assurance of ethical conduct.

What Are The Qualities Of A Great Real Estate Professional?

It’s important that you select a qualified agent that you feel comfortable working with. Choose a person who has worked with someone you know, or a person who has a positive reputation within the community. A high quality real estate professional will make your transaction as smooth as possible and be forthcoming and honest about the details. That person will ask you questions, listen to your answers and recognize what you’d like to accomplish. Then will guide you towards obtaining your goal in a strategic, organized and successful way.

Most real estate purchases are bought with loans so getting a good faith estimate and pre-approval letter from your lender helps the process start off on the right foot. The good faith estimate, or GFE for short, is required by law to be provided by lenders when you are seeking a loan. It lists out the estimated closing costs, monthly payments, and interest rates for the loan program you are looking at getting. The pre-approval letter is provided by lenders once they have run your credit and get your income / debt information. By getting the GFE and pre-approval letter, you can be confident that the loan will get processed with no surprises. There are also additional benefits to getting pre-approval and GFE before you even begin the property search. For one, by discussing your debt to income ratio with your lender and obtaining the GFE, you can determine your maximum price. It helps to know the maximum sales price when shopping around so that you do not waste time and energy looking a over-priced properties, and also vice verse, you do not waste time and energy looking at under-priced properties. You can find an area in your price range that fits your needs and narrow down your search. You also will determine your monthly payments with the GFE. The monthly payments should include the property taxes, insurance, principle, and interest plus any private mortgage insurance (PMI). If the monthly payments are higher than you wanted, then you can adjust your sales price to be lower. Another reason to get your pre-approval and GFE before starting your home search is that you may find out some issues with your credit or financial situation that you could clean up before moving forward with a purchase. For example, the first time I bought a house, I found out that I had a $50 charge on my credit report from 3 years ago, which brought my credit score down. And with a lower credit score, I would have gotten a worse interest rate on the loan. I say ‘would have’ because I was able to pay off this collection and clear up the ding on my credit before going into the loan underwriting process. Finally, by getting a pre-approval letter, you have proof for a seller that a lender has confidence in being able to fund the purchase on your behalf. This helps with presenting offers and negotiating. Many sellers will not even accept an offer unless it is accompanied by a lender’s letter. Furthermore, if you do not have a letter, the seller may counter higher given that he feels he is taking on more risk that you may not be qualified for the loan amount. Also, if you happen to get into a multiple offer situation, your offer will be much stronger with a pre-approval letter.

The community of Clairemont (sometimes called Clairemont Mesa) is located in central San Diego County, California. The community is located off Interstate 5 at Balboa Ave and is within the 92117 Zip code.

The real estate and homes for sale in Clairemont fall into the moderate-income category for San Diego County. The number of homes sold in a particular year is relatively high. For example, during the period from January through July 2006, approximately 183 single-family homes sold. Approximately 226 homes sold for the same period in 2005.

One method to analyze pricing trends for a particular community is to evaluate the median and average price of homes for a particular month, and compare that data against the same period last year. What follows is a comparison of the median price and average price of homes for the past seven months (January through July 2006), compared against the data for the corresponding time period in 2005.

The median price of homes represents the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The average price of homes is calculated by adding up the sales price of all homes sold in a particular month, and dividing that value by the number of homes sold.

The median price of homes in July 2006 was $560,000, compared to $562,500 in July 2005, which represents a 0.9% drop. The average price of homes in July 2006 was $575,114, compared to $585,602 in July 2005, which represents a 2.4% drop. Approximately 21 homes sold in July 2006 and 26 in July 2005. The data provides evidence that there was a downward price trend in July 2006 compared to the same period last year.

The median price of homes in June 2006 was $555,000, compared to $570,000 in June 2005, which represents a 2.6% drop. The average price of homes in June 2006 was $586,758, compared to $584,415 in June 2005, which represents a 0.4% increase. Approximately 30 homes sold in June 2006 and 34 in June 2005. The data for June 2006 was mixed, as median prices declined and average prices rose slightly from the same period last year.

The median price of homes in May 2006 was $550,000, compared to $562,000 in May 2005, which represents a 2.3% drop. The average price of homes in May 2006 was $584,012, compared to $582,000 in May 2005, which represents a 0.3% increase. Approximately 33 homes sold in May 2006 and 37 in May 2005. The data was mixed in June 2006, as median prices declined and average prices rose slightly from the same period last year.

The median price of homes in April 2006 was $564,000, compared to $565,000 in April 2005, which represents a 0.20% drop. The average price of homes in April 2006 was $584,722, compared to $612,897 in April 2005, which represents a 4.6% drop. Approximately 32 homes sold in April 2006 and 36 in April 2005. The data provides evidence that there was a downward price trend in April 2006 compared to the same period last year.

The median price of homes in March 2006 was $558,000, compared to $545,000 in March 2005, which represents a 1.5% increase. The average price of homes in March 2006 was $589,161, compared to $576,227 in March 2005, which represents a 3.60% increase. Approximately 29 homes sold in March 2006 and 39 in March 2005. The data provides evidence that there was an upward price trend in March 2006 compared to the same period last year.

The median price of homes in February 2006 was $560,000, compared to $525,000 in February 2005, which represents a 7.4% increase. The average price of homes in February 2006 was $582,435, compared to $571,708 in February 2005, which represents a 2.50% increase. Approximately 17 home sold in February 2006 and 29 in February 2005. The data provides evidence that there was an upward price trend in February 2006 compared to the same period last year.

The median price of homes was $585,000 in January 2006, compared to $525,000 in January 2005, which represents a 10% increase. The average price of homes in January 2006 was $634,524, compared to $542,708 in January 2005, which represents a 16.9% increase. Approximately 21 homes sold in January 2006 and 25 in January 2005. The data provides evidence that there was an upward price trend in January 2006 compared to the same period last year.

So what does the above data tell us? Overall, there was a 19% decline in the number of homes sold during this period from 2006 to 2005. The pricing trends early in the year (January, February and March) were in the upward direction for both median and average prices, which showed increases year-over-year ranging from 1.5% to 16.9%. However, since then, the pricing trend has been downward or mixed depending on the month. For example, April and July demonstrated downward median and average prices ranging from around half a percent up to 5%. For May and June, the median price was down around 2% from the previous year, and the average price was slightly up around half a percent. These findings suggest that at best, prices have leveled off, and at worst, are starting to decline. Continued monitoring of sale data in subsequent months is needed to identify enduring market trends.

Be sure to consult your Realtor on other factors that influence home pricing before buying or selling real estate in Clairemont.

In Denver, there are many real estate agents to choose from. Selecting the right person is a daunting task. With so much riding on your choice you need to know you have selected the right agent. There are some characteristics of good real estate agents. This article will tell you what to look for so you can make the right choice.When buying or selling real estate the first impression may be the last impression. If your first impression is anything less than positive take a look at why. Is it your own personal bias or is something wrong? A good real estate agent should give you a good first impression.Professionalism is required in all areas. If your realtor doesn’t behave professionally with you, he or she won’t be professional with other potential buyers or sellers either. Is the agent dressed neatly? Is the office tidy or are there piles of papers on the desk? Is the waiting area comfortable? The answers to these should always be yes.Consider how fast phone calls and emails are returned. This says a lot about how hard your agent is willing to work. Calls and emails should always be followed up in a timely manner. Your agent should be knowledgeable and should be able to help you through the process of buying or selling. Agents should know the state and local real estate requirements and applicable laws as well as be familiar recreation spots, schools and hospitals.Good agents enjoy working with people. They make you feel at home and are always willing to answer your questions. Agents should be polite, friendly and should never rush you. They should make you feel that you are their focus and not a sales commission. You want an agent that goes beyond the call of duty. These are agents who give you regular reports and do everything they can to help. In short, these are the most effective at doing the job you need.Realtors should be forthright and honest at all times. You deserve to have an agent that takes the time to make you Number One. If you even suspect that your realtor is dodging your phone or doing less than their part, sever the relationship and look for another agent. This is a great time to buy real estate in Denver. These characteristics of good real estate agents can help you do just that.

Moving is essentially a process of change, whether it is from the perspective of a buyer or from that of a seller.
If you help first time movers, this will help you create a good working relationship with your customers. Apart from the satisfaction of helping them, you may receive more business from referrals and your first time movers will probably want to use your services again.
As a real estate agent, it is part of your responsibility to help your client deal with this change. First time buyers and sellers sometimes have the hardest time dealing with the effects that come along with moving.
Since you, as a real estate agent, have been a part of this process several times, you can help your client deal with the emotions that come with the territory.
Fear is perhaps the biggest emotion that your clients will experience regardless of whether you are a buyer’s or seller’s real estate agent. You might notice your sellers using the phrase “thinking about selling” as a way to ease themselves into the idea of selling their home.
They also use this phrase as a way out in case they change their minds. As a real estate agent, you can help ease some of these fears by talking your client through the pros and cons of selling their home. Enable them to see all that they will gain by selling their home rather than what they are losing.
When your clients feel powerless, help him or her verbalize their ideal real estate solution. You might write this down for future reference, or simply remember it. As the two of you move through the process, call this vision to your client’s attention when he or she seems to be going astray.
Home buyers and sellers sometimes manifest their feelings about moving in reluctance to end their current living situation. Buyers might hesitate to turn in their move out notices. Sellers put off finding a new place to live.
Understand that, from your client’s point of view, terminating their current living situation makes the change process even more real to them. Respect that your clients will have these feelings, but be there to coach them through as their real estate agent.
Buyer’s remorse is another situation that you might encounter as a real estate agent. This is a normal process that many buyers go through, especially if they have just purchased their first home. Keep in mind that your role as a real estate agent is not over once the deal has been closed.
You should keep in contact with your client even after he has moved into his new home to help with the adjusting process. The best way to combat buyer’s remorse is to let your client’s know upfront that they may experience these feelings. That way when the feelings come the buyers will be more prepared for them.
Your role as a real estate agent extends beyond simply finding houses for buyers and finding buyers for sellers. To create the kind of long lasting relationships that lead to future business, you must assist your clients through the change process associated with their real estate needs.

Often with financial help from parents, some college-age students choose to purchase homes or condos in communities where they attend college. This option allows students to live in a property that is usually more spacious and comfortable than typical dormitory-style rooms. For students who value attending a college with a large football program, affordable real estate may be an important criterion when selecting a college or university.
Coldwell Banker, a real estate firm, conducted a recent survey to identify the most affordable college football towns. The survey compared the average price of a single- family home with 2200 square feet, 4 bedrooms, 2

If you are thinking of buying a new home, you must be aware of the difference between seller agent, buyer agent and dual real estate agents. Using the wrong kind of agent could affect the financial wording of the deal and have material legal implications. Read on to arm yourself with an understanding of the difference and how to use it to your advantage when buying a home.

Real estate law has evolved to require that an agent list who they are representing. This is normally done in you first meeting with the agent through a formal disclosure document that you must sign that identifies whether the agent is representing the buyer or seller. A seller’s agents represent the seller. Most real estate agents believe it or not are seller’s agents. They may be friendly to you as a potential buyer, escort you around town to show you multiple homes and help you prepare an offer on a home. However, the agent is working for the seller and looking out for the interests of the seller. And vice versa, buyer’s real estate agent actually works for the buyer and have a fiduciary responsibility to look out for the interests of the buyer. There are also dual agents, but we’ll come back to that in a moment.

More often than not, this has nothing to do with who actually pays the agent. Why is this important? If you are the buyer, you should seek a good buyer agent because of the financial, legal and ethical implications. A seller’s agent has a fiduciary responsibility to the seller not to you as the buyer. This means during the negotiations a seller’s agent will be working for the seller. Here’s a real life case in point to help clarify. Suppose an agent discovers that the seller must relocate for a new job, has become highly motivated and is now willing to accept $25,000 under the listed price. If the agent is a buyer’s agent he/she will be obligated and very likely excited to tell you this message. However, if the agent is the seller’s agent working for the seller – he/she does not have to convey this message to you and may not give away the data initially in an effort to get the higher offer from you.

Now, back to dual agents. Periodically your will find an agent that says they are operating in a dual role; meaning they are functioning as a buyer and seller agent. Be careful in this situation. As a buyer you may want to stay clear of a dual agent. Realistically, the dual agent is unable to fully negotiate the buyer’s interests without adversely affecting the seller and visa versa. There are some outstanding agents that can operate effectively in the dual role. However, as a buyer, you should understand the potential conflict. If you want the lowest price on a home, seek a outstanding buyer’s agent whose loyalties are aligned exclusively with you. You may be wondering who ultimately pays for a buyer’s agent. Normally the selling agent lists the property in the MLS (“multiple listing service”) and shares the commission with the agent who brings the buyer. Generally, the seller’s agent and the buyer’s agent split the real estate commission with fifty percent going to each agent. This means that although the buyer’s agent is working for you, the seller is funding the commissions to the buyer’s agent. At various times you may find a listing where the selling agent does not agree to share the commission with the agent who brings the buyer and in that case you would have to settle on who will pay for the buyer’s agent. Recognizing the financial, legal and ethical implications of buyer, seller and dual agents is important to you as a home purchaser. Prior to engaging in any real estate transaction as the home buyer, find yourself a good buyer’s agent with at least 10 years of experience in your market. They will have a fiduciary responisibility to act in your best interest and have the experience to help you negotiate the lowest price for the home.

The price of housing is a major challenge in the United States. Some estimates note that more than 50% of the population cannot afford a median priced home. According to National Association of Home Builders (NAHB), of the total number of new and existing homes sold nationwide during the third quarter, only 40.4 percent were affordable for families earning the median U.S. income of $59,600.
But it is good news that housing affordability on the national level has not changed much in the third quarter in spite of a rise in the mortgage interest rates during the last quarter. This was because many markets saw a slight decrease in their home prices, which helped offset the rise in mortgage rates.
Indianapolis (Indiana) is the most affordable city for homes in America, based on the 2006 third quarter report of the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The city achieved this status for the fifth consecutive quarter.
Of the total number of housing units sold in Indianapolis during the third quarter, 86 percent of homes were priced at or below the U.S. median household income of $65,100. Homes in this metro area had a median sales price of $122,000, which is slightly higher from $120,000 of the previous quarter.
It is interesting to note that the most affordable U.S. cities for homes, condos and other real estate are largely from the northern industrial metro areas. The other larger cities that top the list for affordable homes in the third quarter after Indianapolis are Youngstown-Warren-Boardman (Ohio-Pennsylvania); Detroit-Livonia-Dearborn (Michigan); Buffalo-Niagara Falls (New York); and Grand Rapids and Wyoming (Michigan).
The report also lists the top seven smaller cities in America that have the most affordable housing markets. These are: Bay City in Michigan, Springfield in Ohio, Mansfield in Ohio, Lansing-East Lansing in Michigan, Lima in Ohio, Battle Creek in Michigan and Canton-Massillon in Ohio.
For both major metros and small metros, many of the least affordable cities are located in California. The least affordable major metro areas are Santa Ana-Anaheim-Irvine, Modesto, Stockton, and San Diego-Carlsbad-San Marcos, in that order. The least affordable smaller metros (less than 500,000 people) include: Salinas, Merced, Madera, Napa, and Santa Barbara-Santa Maria.
The good news for homebuyers is that there are many affordable cities in the United States. Moreover, even for cities that rated poorly for affordability, there may be some communities within the larger city that have affordable housing. For example, although the San Diego metro in California rated poorly overall for affordability, there are some communities in San Diego priced to meet the needs of lower-income home buyers. A good real estate agent can help you choose a community where you want to live based on your housing budget and needs.

If you are in the market to sell your home, it is important to choose a real estate agent who will do his or her best job and provide the most excellent services to you. After all, you are looking for quality, honesty, timeliness, and dedication. So how do you go weeding out the good real estate agents from the bad real estate agents? There are a few ways that you can do this.

To start with, you will want to know how long the real estate agent has been in practice, and if their licensure is kept up to date. Several years of practice under their belt has given them a world of experience to make a good sale. Also, check what hours they work. If they don’t work nights or weekends, then this schedule will fail to accommodate most working people in the mindset to buy. A part-time realtor may not have the time to adequately market your property.

In the line of work experience, find out how many properties they have sold in the last year, and the average sale price of them. Ask them what percent of their listings have sold, and if they can provide you with references from homeowners, whose houses have sold, and those who haven’t. It is important to find an agent who is willing to disclose facts. If they are a good agent, they won’t have anything to hide. Find out how many current listings they have. The fewer the better for you, since an overloaded real estate agent won’t have the time to devote to your sale. If they have a full load already, this is the time to say goodbye.

Since advertising is key to selling your house, find out if they will commit to a certain amount of money spent each month to this area. An unadvertised house will be too unnoticeable to sell. Request a thirty or sixty-day contract agreement time. This will provide the realtor time to sell, but gives you an opportunity to move on if you are unhappy with them. If they refuse, by all means question why. You really don’t want to be locked into an agreement for years, only to find out the real estate agent is not a good one. Also find out if the property will be on the Multi Listing Service, and what their policies on open houses are. These are all key items in getting your house in the viewing area of potential buyers.

Question the real estate agent as to how long the property will take to sell at suggested price. Your house may be worth the amount advertised, but quite possibly the area will not get you that price. You need honesty in this matter. Most importantly, do not overprice your house. You may not get any potential buyers attention with this maneuver.

The real estate agent will be your home’s best opportunity to be sold. It is important to ask questions, and pay attention to detail, when making this selection. You need someone who is able to provide care, time and effort in selling your house. Remember, you are entrusting this individual to handle probably one of the biggest financial transactions of your life. Making the right choice could be the difference between that “SOLD” sign going up or not.

When people call me, typically one of the first requests they make is for a house in a “nice” neighborhood. And this makes sense to want a neighborhood that is safe and enjoyable. But there are some benefits to buying real estate in the rough part of town or on the wrong side of the tracks. This article highlights some of them.

- There is less worry of your neighborhood going downhill because it is already downhill. Good neighborhoods can get bad and bad neighborhoods can get better. Since the price usually reflects the current condition, buying in a neighborhood that has room for improvement might be a good idea.

- If you are buying a rental, you usually get better cash flow in rough neighborhoods. If you are renting your property, there are more renters and they are more long term. It’s difficult to rent in good neighborhoods because fewer people are looking to rent and those who do are generally there short term while they look for a house to buy.

- You can look better in comparison to other landlords. Landlords in rough areas frequently don’t maintain their properties as well as people in nice areas. Therefore, if you maintain your properties, you can blow away your competition, and charge more for it.

- If you are in a rough neighborhood, you can propose that your property change will improve the neighborhood and you have a better chance of getting a different zoning. Conversely, if you are in a good neighborhood, it’s hard to make the same argument.

- You can buy more property. If you want to spend 500k, you can either buy one house in an upscale neighborhood or six or seven houses in a rougher neighborhood.

- They’re more recession proof. When the economy goes south, real estate in rough neighborhoods is less affected.

In summary, I am not saying you have to buy in a bad neighborhood. But simply that if you are looking for long term investments sometimes its a good idea to wander over the tracks and look around a bit.

The heartland of America is home to some of the country’s greatest cities. If you are thinking of moving to one of these, let a Milwaukee real estate agent help make finding a new home a pleasurable and rewarding experience for you and your family.

We have a compiled a website that will help you find a Milwaukee real estate agent at www.localrealestateyellowpages.com. Here you will find an extensive list of Milwaukee real estate agents you can contact to help you begin your search.

Milwaukee is Wisconsin’s largest city with over 573,000 inhabitants. To help you find a home and neighborhood that is suitable for you and your family, contacting a qualified Milwaukee real estate agent is the most beneficial first step you can make. A Milwaukee real estate agent will be able to answer any questions you have and respond to any requests you may have.

If you need to be in a certain area of the city or near a certain school, a Milwaukee real estate agent will be able to find you a select group of homes suitable for your needs. Contact a Milwaukee real estate agent to help make your house hunting rewarding and enjoyable.

For more resources about Real estate agent directory or even about local real estate agents and especially about Atlanta real estate brokers please review these links.

First off, watch some late night infomercials on TV. And possibly order some real estate tapes from Carlton Sheets. This will provide you with a positive upbeat attitude and a sense of false confidence that is essential in order to go bankrupt. Believe that after listening to some tapes, you can compete with people that have done this 7 days a week for years.

Second. For your first investment, buy in a city you know little to nothing about and avoid using a buyers agent who does know the city. Go directly to the sellers agent. The best way to make a truly horrible decision is to avoid any outside advice. The best part of this is that avoiding a buyers agent usually doesn’t save you any money since the selling agent simply makes more when you deal with them directly.

Look for a discount or a distressed property over a good long term investment. Late night infomercials and Carlton Sheets talk a lot about this. Getting equity at the point of sale. One thing about distressed properties with desperate sellers is that they frequently are in crappy areas with low appreciation rates. Buying a property at under market rate in an area with low appreciation potential versus a property in a good area is the kind of short sighted thinking that will really help you reach the goal of bankruptcy and foreclosure.

When you talk to people including your realtor, try to spend time talking about all the crap you learned from your book or light night infomercial. The more you listen to other people, the more you might get different perspectives and the higher chance you might learn new things. This could really hurt your chances of going bankrupt so avoid listening to anyone. Remember you know everything even if you only got interested in real estate last week.

Be positive to the point of stupidity. Alot of investors I know always think about how their situation would be affected by a 10 or 20 percent drop in the market before making a purchase. You should avoid this kind of thinking. You need to be blinded by greed. You should only fantasize about how you are going to double your money.

When calculating your monthly cashflow, assume that you will have 100% occupancy all the time and no maintenance cost. While you are at assume that its going to rain money tomorrow.

Also, be stubborn when renting your properties. Decide upon a number say $900 a month and refuse to budge. Come up with some bizarre logic about how the property deserves $900 a month. Lose months of rent having the property sit vacant instead of going down $50 on the rent. Instead of responding to the market make statements like “Well the markets wrong then”.

As you move closer to foreclosure, don’t alter your spending habits. Don’t move into a smaller house or cut spending. Act like nothing is wrong.

Overextend, overextend, overextend. Are you approved to buy one house. Why not buy 5, heck why not 20. Instead of building up a portfolio of properties over time, gaining experience along the way, just buy alot of properties next Tuesday.

Alot of people are getting into the foreclosure game. Their is no reason you should be left behind. Throwing caution to the wind and filling your eyes with greed and you should find yourself walking down the golden path to foreclosure.

This is not a definitive guide to foreclosure. Alot of people end up in foreclosure due to many things unforeseen events like unpreventable family illness, divorce or job loss. This is simply a guide to what I call elective foreclosure.

How do HomeGain, Realtor.com, Service Magic and other companies like this make money? These companies are called lead generation companies. They spend vast amounts of money advertising on TV, the Internet, radio, and in print so that you’ll go to their website to find information about real estate. When you click on a property and request information the company then either sells the lead at a fee ranging from $20-$50 for an unqualified lead or up to a 35% referral fee for leads that are more valuable.What does the company do for the fee charged? The answer might be pretty surprising. They don’t do anything, but forward the lead to a service provider. Yep, that’s right. You can search the MLS on any number of free websites so the website they provide is little more than a mechanism to get your information. Some people think agents, contractors, or other service providers are overpaid for what they do. Take a look at these companies and ask yourself if forwarding an email is worth $1500 (That’s the commission split they would receive on the sale of a $150,000 home.).Who pays the fees that these companies charge? For the most part, the Realtor, mortgage broker or other service provider pays for these leads. The laws of business provide that you can’t get something for nothing. This is very true. So by adding no value to the transaction and taking up to 35% of the payment for service, the middle-man is taking value from both the consumer and the service provider.Why is this bad for consumers? In real estate like many other service industries, the best Realtors obtain their business through referrals. The weaker, newer, less experienced agents typically buy leads from sources such as these. The next time you visit a site like these lead generators, think twice about giving them your information and go directly to the source. You’ll cut out the middle-man and get a better agent for your hard earned dollar.

Finding a Minneapolis real estate agent will help you find a quality home in Minnesota’s largest city. With a population of over 370,000 individuals, Minneapolis offers its citizens an amazing array of entertainment, cultural, and sporting options to entertain them. When looking for a Minneapolis real estate agent, visit our site at www.localrealestateyellowpages.com where you will be able to peruse an extensive Minneapolis real estate agent list to help make your house hunting easier.

There are many different neighborhoods in Minneapolis and finding one suitable for you and your family if you have one can be a difficult task. A professional Minneapolis real estate agent will be able to offer you expert advice on which places are the most suitable for your situation. One thing to discuss with your Minneapolis real estate agent is the price range you are in when looking at homes. This information will allow your search to be more efficient.

A quality Minneapolis real estate agent will be able to provide you with a tailored listing of homes that fit your needs be they location, proximity to schools, or type of neighborhood. To find the best home for you, contact a Minneapolis real estate agent.

For more resources about Real estate agent directory or even about local real estate agents and especially about Atlanta real estate brokers please review these links.

COMMUNITY INFORMATION

Alpine is a community situated in the eastern region of San Diego County within the state of California. There are approximately 19,227 residents in this Zip code (91901) and 6,597 households. The median age of residents is 38.92 years.

TEMPERATURE

The temperature in Alpine is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 76°F. The coldest time of year occurs in January with average temperatures falling to 54°F.

HOME AND REAL ESTATE PRICES

The housing options in Alpine include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the low $200,000s.
·Two bedroom townhouse/condominium start in the low $200,000s.
·Three bedroom townhouse/condominium start in the mid $300,000s.
·Two bedroom single-family homes start in the mid $300,000s.
·Three bedroom single-family homes start in the mid $400,000s.
·Four bedroom single-family homes start in the high $500,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes in June 2006 was $597,500, which represents a 10.2% decline from the previous year. The number of homes sold in June 2006 was 17, which was down 37% from the previous year.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to understand enduring market trends.

Every foreign investor will be interested in finding out whether he can trust the Thai real estate agent in order to buy a Property in Bangkok; there are many real estate agencies in this city but you will have to make sure that you have chosen an agency that has a considerable and good reputation when it comes to dealing with the foreign investors who are mainly interested in investing their money into profitable real estate businesses. Good work ethics is to be searched for in order to find a reliable real estate agent that can provide you with all the help you need in order to find a profitable deal. Buying a property in this city is really easy but you will have to pay attention to the existing legislation; the actual transfer of all the titles is likely to require little time; in fact; this transaction will take just a couple of hours in order for the process to be completed. The title will show you the existence of a possible mortgage that comes along with a particular property; you may also find whether there are any loans related to the purchased property in order to make sure you know everything about your investment. The title will show you every type of loan that may be related to your Thai investment because all these legal deeds will be written on the title that will be handled to you.

The Bangkok real estate agent will provide you with all the necessary information because you will have to know whether the seller is entitled to sell the property or not; this aspect is always to be considered and checked in order to make sure that you have bought a valid title on a particular property without having to worry about the existence of other owners. You may even employ a solicitor in order to help you take care of the entire deal because this kind of professional assistance is not very expensive. On the contrary, this service is quite cheap when compared to its European relatives and you may hire a solicitor in order to provide yourself with extra peace of mind. The real estate market that is to be found in Bangkok is not to be regarded as an unstable one that cannot provide you with the necessary services. But you have t make sure that the real estate agent is properly chosen in order to help you make the transaction.

But if you are planning to sell a house in Bangkok, you may consider hiring a real estate agent in order to help you as well; his services are to be used because there are several advantages that will come along with the ordinary services. For instance, you will be able to sell your house quite rapidly thus saving time and money. Every real estate agent in Bangkok is likely to come into close contact with many people who may be interested in purchasing your property. Another advantage will reside in the fact that you will be able to take full advantage of the agent’s knowledge when it comes to the Property in Bangkok; he will know how to sell your house in the proper manner and he will also receive the established cost that will include his commission as well.

Every real estate agent will provide you with the necessary tips in order to make your Property in Bangkok more desirable to the potential buyers; you may also trust the agent when it comes to finding the exact value of your property and you will be able to establish the final price as well by taking into account all the agent’s tips and advices. But there is no doubt that a Bangkok real estate agent will provide you with significant profits when helping you close the deals. If you are interested in investing your money in a property that is to be found in this city, you may find choosing quite difficult because there are many affordable and profitable locations that will worth your initial investment.

But you will have to make your mind in order to know the exact type of property you are looking for. This country is a beautiful and affordable location but you will have to take a closer look to every property that may seem appealing to you in order to stay away from possible scams or frauds. The main benefits that may come along have to be considered before rushing into buying a Property in Bangkok.

Statistics tell us that as many as 80% of all home buyers will start their search for a new home by browsing the Internet. The Internet is often used for browsing new properties, especially when there is distance involved.

While looking at the Internet gives a general feel for areas and prices, for obvious reasons, at some point you will need to involve a real estate agent. Local real estate agents know their areas and know about pending building plans, schools etc. Often on the Internet you can only see the actual property for sale.

Familiarity with the Internet is one of the key requirements to being a skillful real estate agent in today’s market. This skill not only speeds up the property finding, it also means that the computer can do the compilations for you, and you can get the perfect home without getting out of your chair!

One of the questions to ask a real estate agent is how familiar are they on the Internet? Make sure they can contact you by email and that they can turn up the MLS listings for you to look at. Sit with your real estate agent and get the virtual tour on a couple of homes. If you are not so familiar with the Internet yourself, you will soon realize how much time and legwork it can save you.

Often, real estate agents will actually state in their profiles that they are Internet proficient. This could mean that they may know more about market trends and economic indicators in the business world as well as having all the realty facts at their fingertips.

Many real estate agents take time out to attend special courses that upgrade their skills. These courses can cover anything from financial expertise to selling homes to seniors. When selecting a real estate agent ask if he has been on any extra curricula courses.

Check on the number of sales that the office has recorded in the last month or two and ask how many are his. Does he mind if you check on a couple of the ‘sold’ house owners and see how his references check out?

Can you judge his negotiating skills? Does he listen to what you actually ask? Ideally, you want to feel really comfortable with the fact that the real estate agent seems a person that will understand your choices and wishes.

If you want to save time, money and frustration, take the time to find a real estate agent that knows exactly what you want and who knows exactly where to find it on the Internet.

COMMUNITY INFORMATION

Bonita is situated in the southern region of San Diego County within the state of California. There are approximately 18,396 residents in this Zip code (91902) and 5,986 households. The median age of residents is 40.45 years.

TEMPERATURE

The temperature in Bonita is relatively moderate. The warmest time of year occurs in July during which temperatures reach an average high of 70°F. The coldest time of year occurs in January with average temperatures falling to 57° F.

HOME AND REAL ESTATE PRICES

The housing options in Bonita include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the mid $200,000s.
·Two bedroom townhouse/condominium start in the low $300,000s.
·Three bedroom townhouse/condominium start in the low $400,000s.
·Two bedroom single-family homes start in the high $400,000s.
·Three bedroom single-family homes start in the mid $500,000s.
·Four bedroom single-family homes start in the low $600,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from $849,990 in June 2005 to $782,500 in June 2006, which represents a 7.9% decline. However, more homes sold in June 2006 (20 homes) than in June 2005 (7 homes). The average time to sell a home increased slightly from 68 days in June 2005 to 69 days in June 2006. The ratio between the asking price to the sales price increased over the past 12 months. On average, sellers obtained 93.6% of their asking price in June 2005, and 94.5% of their asking price in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to understand enduring market trends.

Yes, I said it, is the real estate agent really on your side? We (my wife Julie and I) have worked with some outstanding agents, some good agents, some mediocre agents, and some agents that should NOT be agents. Like any industry or profession, there are people who are good at their job, and people who are not. Nobody is going to debate that with us, but what we will debate is whether you actually need a realtor when you’re buying a property. It may seem like they only have their commission on their mind and not your best interests. And if you do need one, how do you actually get a good one?
Like a bathroom renovation, your taxes, your wedding and so many other things, you have the option to do the work yourself or pay someone else to do it for you. Doing it yourself is always more time and work, it can be a bigger hassle than you expected because of your lack of expertise and it can end up costing you more than you think it will. But, it can also ensure you know exactly what was done, get exactly what you want, and it can be a source of much self satisfaction when it’s done.
At least half of the properties we bought were done so without the aid of a Buyers Agent. I did the research online using MLS or Realtylink or CLS, tabulated details in a spreadsheet over a period of time to help me spot opportunities and then, when I find what I think may be a good buy, I contact the listing agent for more information.
I’m not advocating you head out there and buy properties without a Buyers Agent, I’ve just found that when I venture into a geographic location where I haven’t got an existing relationship with an agent, I do better research on properties because I know exactly what I want. Without that pre-existing relationship, when I’ve told a realtor what I want they either don’t provide me with enough details on properties for evaluation or they’ll put me on their automated e-mailing list and send me every 3 bdrm, 2 bth house in X area for X dollars or they’ll limit the search too much to find the ones I want.
But, if the agent doesn’t know you and doesn’t have all of the details, it’s difficult for a Buyers Agent to find the perfect property for you. And if they don’t know you, many of them won’t go through the effort and time to go through each and every property on a detailed basis to find the right property for you (because that is a lot of work for an agent to do for a potential client that could just be “kicking tires”). But before the real estate agents on our subscriber list get angry, let me note that some of our purchases have come with your help! In those cases, they were almost always agents we’d worked with before, that knew what we were looking for and knew we were serious shoppers. For the most part, I have found most of our properties completely on my own and have done very well (cashflow and appreciation) without help from an agent in the property selection phase of the process.
But, before you fire your agent, let me say that not everyone is up for the market research detail that I do (just ask my wife – sometimes she bans me from using MLS because I get so out of control), and we still prefer to use a Buyers Agent when we buy. Having an agent represent you is not just about finding a property. Remember all the other things an agent does for you:
* Provides you comparable sale information for properties in your area of interest;
* Books and takes you to appointments for viewing properties of interest and fields all calls from Sellers Agents;
* Handles all of the negotiation on your behalf when you put in an offer to purchase;
* Handles the paper work mess that follows the acceptance of a purchase offer;
* After the purchase the agent will usually keep in touch and provide you with updated market information for your area to help you identify new opportunities in the area and keep tabs on your property value.
* And having your own Buyers Agent removes the bias or collusion that could exist if only a Dual Agency Agreement is in place.
You don’t want to grab just any agent though. No matter what, they still are on commission and only earn their commission when you buy a property. So, it’s in their best interest for you to buy that house, whether it’s really the best one for you or not.
Get a Great Realtor Working For You
It’s IMPERATIVE that you work with an agent that has helped in the purchase of many investment properties, and even better, owns several properties him/herself! (Although Julie argues with me on this point – she says “If they invest in real estate themselves how do you know they are going to bring you the good deals they find? Why wouldn’t they buy them for themselves?” – so the only thing she and I agree on here is that the agent MUST have experience working with investors).
As a residential mortgage broker I used to seek out agents that said on their website that they specialized in helping real estate investors. That was one of my specialties too so I thought we’d have a lot in common! Well – I can’t tell you how many realtors I met that said their “specialty” was Investment properties yet they a) have never owned one, and b) don’t even know what a GRM (Gross Rent Multiplier) or CAP rate is! So, if you do intend to start looking to purchase, go out and research your prospective real estate agent first and then ASK QUESTIONS:
* How much experience do you have working with investment properties?
* How many investment properties do you currently own?
* Can you provide some referrals from investment property purchasers you have worked with?
* How will you find good investment properties for me to evaluate?
* Besides sending me automatic emails that show general listings that may fit my desired property criteria, what else do you do to find that “perfect” match?
* What criteria would you use to pick an investment property for yourself?
Of course, you’ll need to have a good sense of what you actually want before you contact the realtor. Your agent will only be as good as the information you provide him or her. If you tell your agent that you want a property that makes money each month that doesn’t give them much to work with. Narrow down your area before you call them. And, as always, know your objectives! Do you intend to manage the property yourself? Do you care if it is a single family home or multi-family? How much money do you have to put in as a down payment? Are you willing to do renovations to improve the property? And, a good realtor should ask you these questions to help narrow down what you’re looking for. If a prospective realtor doesn’t ask you any questions, you might want to keep looking.

COMMUNITY INFORMATION

Carlsbad is situated in the northern coastal part of San Diego County within the state of California. There are approximately 87,540 residents in this community and 34,052 households. The median age of residents is 38.89 years.

TEMPERATURE

The temperature in Carlsbad is relatively moderate. The warmest time of year occurs in July during which temperatures reach an average high of 69. The coldest time of year occurs in December with average temperatures falling to 55F.

HOME AND REAL ESTATE PRICES

The housing options in Carlsbad include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the mid $200,000s.
·Two bedroom townhouse/condominium start in the high $200,000s.
·Three bedroom townhouse/condominium start in the high $300,000s.
·Two bedroom single-family homes start in the mid $300,000s.
·Three bedroom single-family homes start in the high $300,000s.
·Four bedroom single-family homes start in the mid $500,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from $783,900 in June 2005 to $749,900 in June 2006, which represents a 4.3% decline. Fewer more homes sold in June 2006 (49 homes) than in June 2005 (95 homes). The average time to sell a home increased from 39 days in June 2005 to 58 days in June 2006.

The median price of condominiums and townhomes decreased from $481,000 in June 2005 to $434,500 in June 2006, which represents a 9.7% decline. Fewer units sold in June 2006 (36 units) than in June 2005 (84 units). The average time to sell a unit increased from 43 days in June 2005 to 58 days in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to understand enduring market trends.

While looking for a profitable real estate transaction, it is imperative to look for a qualified and experienced real estate agent. A real estate agent can help you to secure the most profitable deal and you can save a great amount of money as well. But, how will you find a real estate agent? In this article, we’ll discuss factors that can help you to find the real estate agent.

Use Referrals:

Fro getting the best deal, you can use referrals given by your friends, family, neighbors and coworkers. In fact, through this medium, you can get services from people who have already satisfied the needs of your acquaintances and family members. Hence, ask people and enquire about their experiences and then, make your decision.

Search through Online Agent Listings:

Many websites offer real estate agents’ listing. The list comprises of real estate agents who have paid to be listed in the directory. You can search the list and gather full information about a realtor who can meet your requirements. Check their years of experience and read customer testimonials to choose the best help. For getting better services, you can visit realtors’ offices and ask for more details on their services.

Attend Open Houses:

Visiting open houses is the one of the easiest ways to be in touch with real estate agents. Go there, meet new people and get their business cards. Through inter-personal meeting, you will get to know about the behavior of a particular person well. Think if you are comfortable working with the person or not. Choose a person whom you think can provide your service as per your expectations.

Advertising:

Nowadays, realtors advertize their services through newspapers, internet, magazines and other sources. Hence, if you are want to hire a realtor, try searching the one in the local newspaper or go online.

Finding the right real estate agent is not a tough job if you know exact places to satisfy your curiosity.