Tuesday, October 16, 2012
Wednesday, August 8, 2012
Creep,Creep,Creeping... mortgage rates
Aug
7, 2012 3:15PM
Mortgage Rates Rise In Line With Highest Recent Levels
Mortgage
Rates resumed last week's pattern of volatility moving to meet their highest
levels in roughly a month. At this point, some lenders have entered transitional
territory between the prevailing Best-Execution rate of 3.5% and the next notch
higher at 3.625%. Most lenders offer rates in 0.125% increments with variations
in costs between them. Until today, costs hadn't changed enough to move the
average rate to the next rung on the ladder, and even today that process is only
just beginning. ...
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Tuesday, July 31, 2012
YOUR REAL ESTATE AGENT SHOULD ROCK AT THIS! Do you know a good mortgage broker, inspector, stager, painter, CPA, etc.? The NAR survey showed that 46 percent of buyers thought they got a better list of service providers from their agent than they could have come up with otherwise, and 20 percent found their agent's mortgage provider referral to be a benefit. Local agents simply know people you don't, and they have worked with them enough to know who gets the job done, well, and who doesn't.
Thursday, June 14, 2012
Monday, June 4, 2012
JUST WONDERING-What's holding you back?
Liz Kettelle Realtor-Re/Max Central
The cost to buy is very often less than the cost to rent a comparable property. In fact, buying is cheaper than renting in 98 out of America’s 100 major markets. hmmmm! call me today! 401-823-7701
Tuesday, May 8, 2012
Tuesday, May 1, 2012
Wednesday, April 18, 2012
Tuesday, April 17, 2012
Tuesday, April 3, 2012
Tuesday, March 27, 2012
Tuesday, March 20, 2012
My Weekly favorite real estate article! good stuff!good advice!
Home seller pitfalls to avoid
Do your home's features justify your asking price?
By Dian Hymer, Monday, March 19, 2012.
Six years after the market peaked in 2006 and prices started to decline, many sellers are still in denial about the current market value of their homes. It's difficult for most sellers to accept the reality of today's home-sale market, whether they bought at or near the peak and will lose money selling today, or bought decades ago but are still stuck at 2006 prices.
An Oakland, Calif., homeowner recently remarked that she was aware that home prices had dropped quite a bit over the last five years. But she felt that her home hadn't lost any value.
It's hard for homeowners to divorce themselves emotionally from a home they've enjoyed. But this is what sellers need to do so that they can make rational decisions about a list price that will actually result in a sale.
This decision should be based on listings that have sold in your area that could be considered somewhat comparable to your home. Some sellers go to open houses to evaluate the competition. If you're still emotionally wrapped up in your home, the exercise can be futile. You return home feeling that the other homes aren't as good as yours.
Put yourself in the buyers' shoes. This is easier for sellers who are also buying in this market. They know what it's like to want to make sure they're getting a good deal. Your house needs to be listed at a price that is enticing to buyers because it represents a good value. In most areas, buyers are buying in a market knowing that prices may continue to decline before the market fully recovers.
HOUSE HUNTING TIP: Be wary of real estate agents who tell you that your home will sell for a higher-than-supportable price just to get the listing. Then they work on you over time until you reduce the price to market value. Realtors refer to this as buying a listing.
It's hard to resist the temptation of trying for a higher price than the comparable sales indicate. However, you won't be happy if your home is on the market for months with no activity, and each time you drop the price it feels like too little too late. You can end up selling for less later if home prices in your area are still declining.
Refinance appraisals are notoriously inaccurate in terms of market value -- either too high or too low. An appraiser is attempting to gauge what price a buyer would pay when there isn't a ratified contract that states what a buyer will pay. A high refinance appraisal can leave the seller with a false expectation.
Listing your home based on what you want or need to net from the sale won't motivate buyers to pay more. Buyers pay market value. They're won't overpay in today's market.
Find out what buyers are looking for in your area and see how your home matches up to their expectations. Generally, today's buyers are looking for a home that is well-located, in good condition and is priced right for the market.
If your home needs a lot of work compared to the competition, you'll either need to have work done before selling, or discount your price accordingly.
Walk-to locations are highly desirable in some areas. If your home doesn't offer this amenity, you may have to make a price accommodation.
Homes with level-in access from the street are usually at a premium. If they're difficult to find in your area, you may be able to adjust your price upwards in comparison to similar homes that sold recently but had lots of steps.
THE CLOSING: For best results, be realistic about the current market value of your home and what preparation it needs in order to sell successfully in today's market.
Dian Hymer, a real estate broker with more than 30 years' experience, is a nationally syndicated real estate columnist and author of "House Hunting: The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide."
An Oakland, Calif., homeowner recently remarked that she was aware that home prices had dropped quite a bit over the last five years. But she felt that her home hadn't lost any value.
It's hard for homeowners to divorce themselves emotionally from a home they've enjoyed. But this is what sellers need to do so that they can make rational decisions about a list price that will actually result in a sale.
This decision should be based on listings that have sold in your area that could be considered somewhat comparable to your home. Some sellers go to open houses to evaluate the competition. If you're still emotionally wrapped up in your home, the exercise can be futile. You return home feeling that the other homes aren't as good as yours.
Put yourself in the buyers' shoes. This is easier for sellers who are also buying in this market. They know what it's like to want to make sure they're getting a good deal. Your house needs to be listed at a price that is enticing to buyers because it represents a good value. In most areas, buyers are buying in a market knowing that prices may continue to decline before the market fully recovers.
HOUSE HUNTING TIP: Be wary of real estate agents who tell you that your home will sell for a higher-than-supportable price just to get the listing. Then they work on you over time until you reduce the price to market value. Realtors refer to this as buying a listing.
It's hard to resist the temptation of trying for a higher price than the comparable sales indicate. However, you won't be happy if your home is on the market for months with no activity, and each time you drop the price it feels like too little too late. You can end up selling for less later if home prices in your area are still declining.
Refinance appraisals are notoriously inaccurate in terms of market value -- either too high or too low. An appraiser is attempting to gauge what price a buyer would pay when there isn't a ratified contract that states what a buyer will pay. A high refinance appraisal can leave the seller with a false expectation.
Listing your home based on what you want or need to net from the sale won't motivate buyers to pay more. Buyers pay market value. They're won't overpay in today's market.
Find out what buyers are looking for in your area and see how your home matches up to their expectations. Generally, today's buyers are looking for a home that is well-located, in good condition and is priced right for the market.
If your home needs a lot of work compared to the competition, you'll either need to have work done before selling, or discount your price accordingly.
Walk-to locations are highly desirable in some areas. If your home doesn't offer this amenity, you may have to make a price accommodation.
Homes with level-in access from the street are usually at a premium. If they're difficult to find in your area, you may be able to adjust your price upwards in comparison to similar homes that sold recently but had lots of steps.
THE CLOSING: For best results, be realistic about the current market value of your home and what preparation it needs in order to sell successfully in today's market.
Dian Hymer, a real estate broker with more than 30 years' experience, is a nationally syndicated real estate columnist and author of "House Hunting: The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide."
Wednesday, March 14, 2012
Spring Cleaning???
If you are in the proces of Moving or in the middle of seasonal cleaning, you may find yourself staring at a dozen or more half emptied paint cans in your basement or garage.Better yet, you ma y find anti-freeze,left over oil (used for your lawn mower) or 5 half bottles of household cleaner. ( not the green type). A super place to start disposing of such items (in the proper fashion) is
http://www.rirrc.org/content/. The Rhode Island Resource Recovery has a very helpful website and a schedule of Dates and locations . So,rid yourself of these unwanted items.
Be GREEN and do your part! RIRRC makes it easier to do the right thing and dispose of your CRUD in a proper fashion.
http://www.rirrc.org/content/. The Rhode Island Resource Recovery has a very helpful website and a schedule of Dates and locations . So,rid yourself of these unwanted items.
Be GREEN and do your part! RIRRC makes it easier to do the right thing and dispose of your CRUD in a proper fashion.
Tuesday, January 17, 2012
3 Important Real Estate links worth reposting
Early this morning ( atleast early for me) I posted ( seperately) three links that I found to be Optimistic in regard to our ever
changing Real estate market. In addition, they were from reliable and accurate sources. Alot of folks ( especially Colleagues )
have accused me of sharing (posting) too much negative real estate market information over the past year.
Well, my answer is always, my job as a professional realtor is to educate and inform the public .
If the information is that the market is not fabulous , then that is what I should post. I am more than joyful that today I get
to post ( from three seperate but reliable sources) that real changes are taken place in the real estate market .
So, for all of you folks who want to share some positive real estate market information:
here are the links: Enjoy! I know i certainly did!
http://rismedia.com/2012-01-15/mortgage-rates-continue-trend-of-record-breaking-lows/?utm_source=twitterfeed&utm_medium=twitter
http://www.housingwire.com/2012/01/13/fannie-mae-economists-see-2012-home-sales-up-3-5-to-4-72-million
http://rismedia.com/2012-01-14/the-vote-is-in-americans-place-high-value-on-homeownership/?utm_source=twitterfeed&utm_medium=twitter
http://rismedia.com/2012-01-15/mortgage-rates-continue-trend-of-record-breaking-lows/?utm_source=twitterfeed&utm_medium=twitter
http://www.housingwire.com/2012/01/13/fannie-mae-economists-see-2012-home-sales-up-3-5-to-4-72-million
http://rismedia.com/2012-01-14/the-vote-is-in-americans-place-high-value-on-homeownership/?utm_source=twitterfeed&utm_medium=twitter
Thursday, January 12, 2012
Tuesday, January 10, 2012
Thursday, January 5, 2012
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