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