How will the 10% mortgage rule affect local real estate?
This week, a new mortgage rule went into effect. Home buyers are now required to put down a minimum downpayment of 10% on the…
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Random thoughts about real estate, FSBO selling, motivators, notes, signs and lingo
I’ve been busy. My thoughts about real estate have been building up. That’s a good thing, being busy. But when you’re in sales, when…
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21 Rules about Selling Your Home Privately
These 21 Rules about Selling Your Home Privately are from the book 365 Rules about Real Estate. Subscribe. Get the book. Learn what the…
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Rule #56: Look for clues of the seller’s motivation.
Rule #56: Look for clues to the seller’s motivation in order to judge his bargaining strength.
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Rule #54: Be prepared to take advantage of a great deal when it appears.
Rule #54: Be prepared to take advantage of a great deal when it appears. Some homeowners, for various reasons, are in a hurry to…
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Rule #49: If the house is perfect and move in ready, you’re going to be paying extra for that convenience.
Rule #49: The social and psychological power of a house is huge. Don’t be taken in by houses that have been staged or have…
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Rule #47: If you’re waiting for prices to go lower, don’t wait.
Rule #47: If you’re waiting for prices to go lower, don’t wait. Real estate isn’t like the stock market. It’s more predictable. Although prices…
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Rule #43: Find a Realtor early.
Rule #43: It’s important to find a Realtor early in the process. You don’t really want to be dealing with the Realtor who is…
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Rule 40: You don’t have to see everything.
Rule #40: The average person has to see about 16 houses before they are confident enough to put in an offer. Some people see…
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Rule #33: Plan the work, then work the plan.
Rule #33: Plan the work then, work the plan. Don’t get distracted by magazine and newspaper advertisements, houses that are out of your price…
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