Monday, December 31, 2007
Friday, December 21, 2007
570 South Ave
Rochester, NY 14620
(585) 325-4170 Ext 316
Providence Housing Development Corporation
1136 Buffalo Rd
Rochester, NY 14624
(585) 328-3228 ext. 1319
Marketview Heights Association
308 North Street
Rochester, NY 14605
Rochester Housing Development Fund Corp
183 E. Main Street, Suite 900
Rochester, NY 14606
Urban League of Rochester - Home Store
265 North Clinton Ave
Rochester, NY 14605
(585) 325-6530 ext 3078
Bishop Sheen Ecumenical Housing Foundation, Inc.
935 East Ave, Suite 300
Rochester, NY 14607
(585) 461-4263 ext 102
Rural Opportunities, Inc.
Monroe County (585) 340-3302
Genesee & Orleans Counties (585) 343-7297
Ontario & Wayne Counties (585) 234-3565
Each of these programs have unique criteria to qualify for assistance and they provide a wide assortment of services, from education & counseling, grants, matched savings to inspections and home repairs. I have a complete packet of information, so for more details drop me an e-mail.
Please have a safe and joyous holiday season!
p.s. the cardinal photos were taken in Highland Park just after last weekend's snow storm.
Tuesday, December 18, 2007
The 2nd component is the "Closing Costs" or the actual cost to get the mortgage. This includes the banks junk fees, such as the; application fee, underwriting fee, tax related service fee, flood certification, and so on. Lender fees are not dependent on the actual loan size, compared to title insurance and mortgage tax. Those two fees are state specific and based on the loan size. Mortgage tax can differ from county to county. When shopping different lenders this is the area or component to keep your eye when comparing, as well as the rate of course.
The final component is the "Prepaid Items". This is the property taxes, home owners insurance, and interest on the loan for the closing month. In NY, when escrowing your taxes, you must come to closing with at least 1 full year of the property taxes. Some of that will reimburse the seller, and the rest will go towards setting up your escrow account for future tax bills. Home owners insurance must always be paid in full before closing whether you escrow or not.
Well hopefully that clears up some confusion about "Closing Costs". Stayed tuned for "Closing Costs Take 2" when I go into detail about the cost to get a mortgage, and what an average amount you should pay per fee.
Sunday, December 09, 2007
In recent weeks, there have been numerous articles about the Rochester Public Market area and the newly opened Station 55. I went exploring this morning to try to figure out if this might become the next Rochester Hot Spot.
Then, we drove the neighborhood, up and down the streets that surround the Public Market. It's a very, very poor neighborhood. I lost count of the houses in poor repair as well as deserted and boarded up structures. Back home at the computer, I found nearly 30 houses for sale in this area, many in the $30,000 to $50,000 range, some of which were two family units with decent rent coming in.
Friday, December 07, 2007
First off, budget for extra closing costs. In the Rochester area, it is normal for the seller to pay for a survey, updating the abstract and transfer tax. With foreclosures, most banks and government agencies will NOT pay these expenses and so they must be paid for by the BUYER. Transfer taxes on a $100,000 home run $400 and survey and abstract could cost in excess of $1000. You will also want to be sure there are no back taxes due on the property.
Foreclosures are almost always sold in "as is" condition and not all foreclosures are a good deal. Often, when a homeowner is struggling to keep up with mortgage payments they will neglect important maintenance schedules. When buying foreclosures, it helps to have a working knowledge of what are minor repairs and what costs a fortune to fix. When doing an engineer inspection of a foreclosure, if the utilities are off, the buyer must turn them on in his name and then turn them off and re-winterize the property after an inspection.
Finally, the best place to search for foreclosures is in the normal websites that feature all the mls listings. (http://www.rochestersbesthomes.com/ is my favorite!) Services that charge to send you foreclosures are making money on information that is out there for you for free. You can recognize most foreclosures by the language in the listing. Some of the common phrases in foreclosure listings are: "Buyer to verify all information including zoning and C of O ordinance", "Proof of Funds with offer", "To be sold in 'as is' condition", "Seller Will Not Provide Abstract, Survey or Searches" and "Taxes Estimated." If you suspect that a listing is a foreclosure, have your realtor check so that you can budget for the extra closing costs.
For additional information about buying foreclosures, give me a call at 585-414-5513.
Mary Shelsby, Re/Max First
Wednesday, December 05, 2007
"This is Joe. Leave a message," we all heard.
"This is a collect call from an inmate at the Monroe County Jail. Do you accept the charges?" was the message that was left!
We all looked at each other and quickly left. Negotiating with a seller who is buddies with local inmates didn't appeal to my clients.
The moral of the story is if your house is on the market, either turn off the anwering machine or hit the mute button!
Tuesday, December 04, 2007
I know what your thinking, "but Steve, I'm doing a conventional loan with 10% down and the rate is the same whether my credit score is a 600 or an 800." Well not any longer! New guidelines from Fannie Mae and Freddie Mac for most conventional mortgage products state that rates will be based on credit scores. If your credit score is under a 680, your rate will be higher. If your credit is below 680 and you desire to have a rate dictated by a 680+ score, it will require an additional fee in the way of "Discount Points". That fee will represent exactly where your score is.
I want wish everyone a "Happy and Safe Holiday Season"!
That's what the front page of today's Democrat and Chronicle reported! No sh#%t!!! I talk to people all the time that are considering relocating to New York and once they get a peak at the property taxes, well, I need to bring out the smelling salts!
Case in point, last week I got a call from Costa Rico from a gentleman considering waterfront property in the Finger Lakes. He picked out two properties, similarly priced, located about a mile apart. One has annual property taxes of approximately $8799 and the other tax bill runs about $11,500. Interestingly, the house with the lower taxes has an asking price of $11,000 more than the other and from the questions that this buyer was asking, I got the feeling that he was leaning towards the more expensive house with lower taxes.
The house with the lower taxes was assessed for approximately $90,000 less than it's competitor. The reason, it has approximately 1800 sq feet of living space compared to 2500 in the other house. Both houses have similar lots and were close in age. So, while no one likes paying higher taxes, the larger house with the lower list price is probably the better deal.
Friday, November 30, 2007
Thursday, November 29, 2007
Wednesday, November 28, 2007
Kruk and Campbell is the firm that represented me in my last three real estate transactions. So I trust them. And they are often the first name that comes to mind when a client gives me a blank stare when I ask them who they want to represent them at the closing table. I'm looking forward to hearing what they have to say and I hope you will as well.
If you have a specific legal concern, consider giving them a call. They are located at 7312 E. Main St, Lima, NY 14485 or call them at (585) 624-5030, or visit their web site at http://www.krukandcampbell.com/
Friday, November 23, 2007
The time between the Thanksgiving holiday and New Years is traditionally a very slow time for the real estate market. Face it, people usually have other things on their mind than buying or selling a house. Does that mean it is better to wait till the first of the year to put your house on the market or start house shopping? Maybe not!
Today, the day after Thanksgiving 2007, there are 6,275 single family houses in the Rochester area multiple listing service. Since families are generally pretty busy this time of year with cleaning, cooking, shopping, visiting, decorating, entertaining and other holiday activities, I would guess that many of the above mentioned home sellers must be pretty motivated to sell if they have their house on the market this time of year. Motivated sellers generally equals a good deal for buyers.
Another reason to consider either buying or selling a house during the holiday season is a lot less competition. Sellers may ask a little more for their property if they are the only ten-year old, 4 bedroom, 2 bath ranch currently on the market in their neighborhood. And buyers don't need a break-neck speed to be the first in the door that often comes with the spring housing market.
So if you are considering a move, don't automaticly decide to wait till spring or the first of the year!
Tuesday, November 20, 2007
Happy Thanksgiving everyone! My wife Lori and I are very thankful for Chase. Chase is our first child, born 07/08/07. We just missed that all "07" thing. We certainly won't complain, seeing as though Chase was in a major hurry to enter the world by coming 5 weeks early. He is a happy and healthy baby, and is very social.
Another thing I think we can be Thankful for this holiday season, is the fact that Rochester is a great place to own Investment Property. Let me take a moment to give you an update on the mortgage industry, as it relates to investment properties. Gone are the days of 100% financing for 4-unit rentals. Gone are the days of putting very little down and getting a reasonable rate. There are still some lenders that will allow as little as 5-10% down on multi-unit rentals, but the rates are VERY high. High rates plus minimum down payment will equal a bad net cash flow almost every time. The old cliche "You have to have money to make money" certainly rings true these days with regards to financing investment properties. Putting 20-25% down will yield your lowest interest rates, and will certainly have you on your way to an early retirement.
Saturday, November 17, 2007
Before I got into real estate I use to think real estate agents were domestic goddesses, second only to Martha Stewart. After all, we're the ones that tell people how to make a house look like it belongs in a magazine so it will sell quickly. But after five years of the 24-7 realtor life style, my dust bunnies have turned into dust gorillas. Aggressive dust gorillas!
And then there is the cooking part. I don't do much of it anymore. In fact, we do our part to support the local economy by eating out at least 7 times a week and some weeks up to 14 times. (We're still very practiced at pouring the Cheerios around here.) This should be interesting.
The point is, I doubt I get around to much blogging this week. So please, have a safe and happy holiday and make the most of the precious time with your love ones.
Wednesday, November 14, 2007
Thanks for the intro Mary! Please allow me to formally introduce myself
as Steve D'Amico, a Mortgage Consultant with First Rochester Mortgage Corp., located at 2024 W. Henrietta Rd,
Rochester, NY 14623, (585) 427-9200 (sorry, couldn't resist the shameless plug). The company I work for is a
Residential and Commercial Mortgage Broker. I'll write more about the benefits of working with a broker in a future blog.
For my first post I thought I might bore you with a little bit about myself and my background. Don't worry, I'll keep in very
brief. I was born and raised here in the Rochester area until I ventured off to college. I went as far away as I could go, but
close enough to run home for dinner and be back to the dorm by 8pm, so I
went to Buffalo. My parents were starting to wonder why I wasn't simply commuting to school, because I came home almost
every weekend that first year, not to mention all the laundry I brought with me. Anyhow, I received a B.S. in Health Science from
S.U.N.Y. Buffalo, and a B.S. in Physical Therapy from Daemen College. I worked as a PT for 8 years at a large local hospital,
before joining the Mortgage business 4 years ago. Why I left health care industry is also for another time.
Let me salvage this blog and save myself with some actual useful information. I often get this question, "Is there a rule of thumb with
regards to how much I qualify for?" The answer is simply "No". There are many factors that come into play when one is trying to
determine how much house the "bank" feels one can afford. Credit scores, down payment, debt-to-income ratio, and reserves such as 401k
to name a few, are just part of the overall picture that determines what an individual can "qualify" for. I think a better question is, "What can
I afford?" In most cases, especially with all the the different mortgage products
out there, one can qualify for a lot more than what one can actually afford to pay.
Banks over qualifying people is one of the factors that has led to all the recent foreclosures. Personally, when I sit down with clients, we'll
spend a majority of the time figuring out what their comfort level is with regards to a mortgage payment. At the end of the day, its all about what
your comfort level is and not what you "qualify" for.
Tuesday, November 13, 2007
Friday, November 09, 2007
Thursday, November 08, 2007
"But what if they are refusing early possession because they have something to hide," my client asked? So we all jumped in our cars, drove to Mt. Morris and exercised our right for a final walk through. It is a good thing we did.
The primary purpose of a final walk through is to make sure the property is in the same condition as when the purchase offer was accepted. In addition, a typical sales contract calls for heating, electrical, plumbing, and other systems as well as included appliances to be in working order at the time of closing and the walk through is the last opportunity for the buyer to make sure that that is the case. At the walk through, the buyer should fire up the furnace, open the garage door, look beneath curtains or whatever else is necessary to make sure all is in working order.
Back to Mt. Morris. We turned on all the lights, turned up the heat, ran the dishwasher. We even flushed all the toilets and ran all the water which is how we found the problem. There was a leak in the plumbing in the master bath, a significant leak, which caused a puddle in the basement. But we found it! Since there wasn't time to get a plumber in, the closing was held on schedule and funds to cover the plumber's bill were held in escrow. And hopefully, everyone lives happily ever after.
If you are buying a property, don't ever consider not doing the final walk through!
Monday, October 22, 2007
And once I give up the hectic real estate schedule, there will be no need for me to be on the look out for a good deal on a watch. I have always tried very hard to be punctual, but I guess I've not done a very good job. I keep getting these e-mails offering a wonderful price on Rolex watches.
When I'm rich, I'll no longer need to buy discounted prescription drugs through the Internet either. I'll be able to walk down to the corner CVS and stand in line and proudly pay full price for whatever ails me. And every night when we sit down to watch the nightly news I'll take great pride in knowing I did my part to support all the commercials that say "Ask your doctor if XYZ is right for you."
Of course glamor and money go hand and hand. Never again will I need to sort through all the e-mails that promise an improved sex life. At the very minimum, I'm sure my relationship with my husband will improve if I stop forwarding those "Enlargement Cure" e-mails!
As more and more New Yorkers start their real estate search on the Internet, I get more and more leads via e-mail. And if I've never communicated with these people before, chances are their inquiry ends up in my SPAM folder. Last week, I found an inquiry from a long-time client that used their significant other's account to contact me. So at least once a day I go through the SPAM folder looking for legitimate e-mail.
Unfortunately, the market is so slow right now I've actually started reading the SPAM. Sad, isn't it?
Wednesday, October 17, 2007
I got thinking about global warming a few weeks ago when Rochester Gas and Electric offered us an opportunity to send them a few extra dollars a month to support wind power. We decided to do that although it wasn't an easy decision. On one hand, there is no doubt that traditional power sources have contributed significantly to a very polluted environment. On the other hand, wind mills are not very pretty to look at. Almost ten years ago when my father was diagnosed with terminal cancer we took one last family vacation together. It was a car trip and somewhere between Seattle and Yellowstone National Park we made a stop at some national monument. I don't remember what it was called or even what state it was in but I will always remember the view. From this one point, there was not a single building, road, telephone pole or any other sign of man-kind. And it was quiet! No radios or DVD players, no traffic, not even airplanes overhead. The only sites and sounds were those of nature and I'm quite certain that that was the only instant of my entire life when I wasn't surrounded by all the luxury afforded by man-made civilization.
Is this year's weather truly a sign of global warming? Gosh, even the experts can't agree but there is no doubt that we must stop trashing the Earth. I like to think of myself as an environmentalist but if the truth be known, I like my creature comforts and gadgets too much to honestly call myself a good environmentalist. But I do try to try to make good green decisions. And I applaud the decision to give Al Gore the Nobel Peace Prize for all his efforts and work on behalf of a better understanding of climate change.
Tuesday, October 09, 2007
This child care center has 89 slots for child care and because public schools were closed yesterday for Columbus Day, they had a full house. So I guess I was expecting pandemonium that comes from lots of young energy. Instead, I found peacefulness at this center that was difficult to leave. Granted, it was nap time in several classrooms where soft music and dim lights prevailed. But in the older classrooms, there was a lot of learning going on and you could feel the energy but it was it was a quiet, respectful energy. My favorite spot was the 3rd floor where they host the Museum of Kids Art (MOKA). (Those that know me well, know that I want to be an artist when I grow up!) MOKA is also available for hosting children’s birthday parties (e-mail firstname.lastname@example.org for more information).
As I stepped outside Caring and Sharing Day Care Center, a Rochester Police car drove by and served as a grim reminder of the “Zero Tolerance” program currently underway in the city. I applaud the city for its aggressive program against crime and violence BUT am ever hopeful that through nurturing and soulful child care programs such as this one, we can raise a more peaceful generation. I pray for the day when aggressive law-enforcement is considered a bad thing.
Monday, October 01, 2007
Thursday, September 27, 2007
The city announced that on average, property assessments will go up 10 percent in order to have assessed values closer to market value. Of course, that fact caused many groans as most citizens thought that meant property taxes will go up 10 percent. The representative of the city assessor's office did a good job explaining that an increase in assessment doesn't automatically mean an increase in taxes. Tax rates are based on budgets and if the budget stays the same and all assessments increase the same amount, that taxes stay the same.
Of course, not all assessments will change the same amount. If that was the case, there would be no need to do the assessment. In some neighborhoods, properties are selling for less than what they were in years past and so those assessments will go down. The staff appraisers are in the process of studying recent sales in an effort to assign a fair market value and letters will be mailed in December to inform property owners of their new assessed value.
Property owners that disagree with their new assessments can request an informal hearing, which will be held December through February. If the issue is not resolved, the owner can apply for a formal hearing. THE DEADLINE TO APPLY FOR A FORMAL HEARING IS MARCH, 18, 2008 --NO EXCEPTIONS! Final assessments will be announced May 1, 2008.
What can you be doing about this? First and foremost, you need to make sure the city tax records are accurate. The letters mailed to us gave basic information such as lot size, sq footage, number of bathrooms. If you'd don't still have that letter, you can find your tax information on the city web site: http://www.cityofrochester.gov/. . You don't want to pay taxes for an 1800 sq foot house if your house is actually 1675 sq feet! I will include some information at a later date about property values and how to determine if your property is fairly assessed.
Monday, September 24, 2007
I did pick up some updated information about the Monroe County Homeownership Program. It is a program created by Catholic Charities and includes education and financial assistance for individual and families with limited income. The organization provides credit repair and budgeting counseling as well as a match savings program. For more information, give me a call at 585-756-7457 or an e-mail.
Wednesday, September 19, 2007
I've buried myself into my work. Since I returned home, I've shown at least 25 properties, written 3 offers and received two offers on my listings. Lots of negotiations going on! I think it is a mad rush for Western New Yorkers to get settled before the snow starts flying.
I'll write again soon. I promise!
Saturday, September 15, 2007
I'm back to work now. It is the greatest distraction of all times.
Monday, September 03, 2007
Tuesday, August 28, 2007
I'm refreshed and ready to go.
Wednesday, August 22, 2007
Is it really that bad? I talked to my favorite loan officer today and he assured me that the only thing shaky is non-conforming loans. Bottom line is that if you have decent credit and some money to put down, you are golden! I sure wish someone would explain that to the press.
I'm headed out of town for a few day's vacation. It's been a busy summer and I can count my days off on one hand.
Tuesday, August 21, 2007
Thursday, August 16, 2007
And then I got another awful calls this morning that things are not looking good for a purchase for a buyer client. They have mortgage commitment and are awaiting clear-to-close on a non-income verification loan. All the rules have suddenly changed and now they need 20% down instead of 10. That's an extra $16,000. I don't know about you, but I don't have that kind of cash sitting around waiting for a bank to suddenly change the rules.
And in the past week or so, I've had two different buyers ask for my advice on private mortgages because the banks won't currently consider them under the current strict guidelines. Private lenders are looking for interest rates upward of 14%.
The very good news is that mortgage rates are improving (slightly, but still improving) for those with outstanding credit and money to put down.
My message to you? Do what it takes to have good credit. First and foremost, pay your bills and pay them on time. Learn the difference between money problems and spending problems. Develop a budget and spend less money than you make. Get out of debt. It's not easy and it takes a concerted effort and discipline by the entire family but a good credit score is increasingly becoming your most important asset.
Wednesday, August 15, 2007
Thursday, August 09, 2007
Have you seen these billboards around town? We Buy Ugly Houses.com! A real estate agents dream come true!
Like most agents, when I first started in the business and didn't have much experience, it seemed like I could only get listings that no one else wanted. Believe me, I've sold my fair share of ugly houses. Now, people actually call me to sell their house and usually they are pretty nice. Just when I don't have any ugly houses to sell, this guy's ugly mug is all over town offering to buy ugly house. Dumb luck, isn't it?
Tuesday, August 07, 2007
Saturday, August 04, 2007
August seems to be thriving. Yesterday we moved him from the candy dish to a shoe box and this morning he learned to walk. Maybe it's more of a crawl. One of his legs isn't working correct or perhaps he has gotten so fat from the dog food that he just can't hold himself up. Time will tell. His favorite spot seems to be curled up in the palm of my hand.
Wednesday, August 01, 2007
Monday, July 30, 2007
I've not been able to say those sweet words in a while! Sold: First Day on the Market. It sounds so good. I could say it over and over, but won't.
The secret to my success? Don't tell anyone but it is great homeowners. The home was spotless clean, attractively decorated and they listed it at a fair price.
The sellers had one request. Try to avoid showings during nap time. So we signed all the papers, took photos and put it on the market. A few hours later, we get a phone call and guess what? They wanted to see it right in the middle of nap time. The sellers said OK, but please whisper, and the rest is history.
The Rochester, NY real estate market is slow compared to recent years. But if your home is clean, well maintained and priced right, it should sell rather quickly.
Sunday, July 22, 2007
Sunday, July 15, 2007
So we put out a for rent sign, got a ton of phone calls and choose some very nice tenants that are moving in this week. In the meantime, my husband has spent every waking hour that's not been on his job, painting and cleaning and hauling out stuff t0 make the place as nice as possible. Everything seemed to be coming together okay and then the mail was delivered yesterday.
"Thank you for allowing us to provide your Rental Dwelling Policy," the letter from State Farm Insurance started.
"You are welcome," I thought out loud.
"We are sorry that we cannot continue this insurance. Therefore, your policy is being canceled as of August 3, 2007," were the second and third sentences of the letter.
The letter went on to list the "deficiencies in the physical condition of the building." Actually, they didn't list the deficiencies. They gave a list of orders, such as, "Repair the broken, cracked, and raised areas of the front and side concrete walkway to reduce the trip and fall hazard."
The letter ended with some friendly advice. "For your protection, you are urged to obtain other insurance to prevent any lapse in coverage."
If I were to write down what went through my mind next, my blog might be censored. We agree with the list of deficiencies. In fact, we already have contractors scheduled for next week to give estimates on these and other deficiencies. What is so frustrating is they say they surveyed the property on June 8, 2007. This letter is dated June 29, 2007. It was not received until July 14, 2007 and it is canceling our insurance effective August 3, 2007. And nowhere in the letter does it give us the opportunity to make repairs and continue coverage. It is flat out, You are Canceled, Go find other Insurance."
Maddening! What makes me even more angry, this is a company and insurance agent that I've recommended numerous times in the past six months. Never again!
Thursday, July 12, 2007
One of my sellers realized that the competition was fierce. When they decided to place their property on the market, they invested a little time in organizing all their owner’s manuals, warranties and repair receipts into a three ring binder. They placed a nice photo of the house on the front cover. The binder was left out for showings. The message: “Meticulous Homeowner.” The result, sold in 3 weeks, while many other listings were expiring in 3 months.
In addition, the owner’s binder made a nice little housewarming gift for the new owners. They included a personal letter with helpful information about the neighborhood, local shopping and lots of well wishes!
You might recall that last year, New York State property owners simply received a rebate check. This year, our state legislature, in its infinite wisdom, decided to have homeowners apply for the rebate. Reportedly, Governor Spitzer was in favor of treating the rebate as a tax reduction but lawmakers insisted that taxpayers be sent checks with politicians’ names prominently displayed. Also different from last year are income limits, with those who make less than $90,000 downstate getting the greatest benefits.
I guess I’m just not smart enough to be a lawmaker. For the life of me, I can’t understand why we don’t just reduce taxes instead of mailing an application that gets returned and processed so we can mail a rebate check. Heck, if we eliminate postage times two plus printing and processing, maybe we could even increase the savings for each taxpayer!
I have similar feelings about the NY State STAR (School Tax Relief) deduction. It is always a challenge for me to explain to families relocating to New York State that the property taxes for a home are X but if they fill out a form and submit it to their tax assessor’s office before March, they will automatically qualify for a significant reduction in the school tax bill of their primary residence, and no, they don’t need to apply every year.
Again, why not just reduce the tax? A realtor friend with many more years experience than me says, “That’s just not the New York way.”
Sunday, July 08, 2007
Guess what? Not as many people are buying houses these days. Two years ago, as you drove through Rochester streets, there were for rent signs on most every block. Today, that is not the case. I recently listed one rental over in Rochester's 19th Ward. I've had 22 phone calls in the past week and the only advertising I've done is put a sign in the yard. I have five houses for sale currently listed and I've not received 10 calls total on the five properties. I'd say it is a very good time to be a landlord.
Sunday, July 01, 2007
There were no drugs or alcohol involved although I've heard rumor that the driver was talking on a cell phone. It appears to be a tragic senseless accident.
I didn't know any of the girls or their families. The press describes them all as smart, outgoing, upbeat and cheerful young ladies with promising futures ahead of them. Each and every one of them sound like the kind of girl you hope your son will bring home. And now, their beautiful smiling faces are littering this week's death notices.
What does this have to do with real estate? Not much, except a painful reminder to prioritize life. A time to step back and realize that as a real estate agent, I'm not as important as I like to think. A perfect house will not improve your relationship with your spouse. Nor will it guarantee a good education for your children. It won't cure cancer and it sure can't keep your children safe on their way to the cottage. After all, it is only real estate.
God bless those poor families. It hurts me to think about their pain and so I just can't imagine living it. There must have been a huge shortage of angels in Heaven for God to have taken so many so suddenly.
Saturday, June 30, 2007
Another way to look at it, however, is 50% do sell, and many of them sell very quickly. There are two factors that sellers need to pay close attention to when trying to sell their home.
The first is price. You've got to price your home competitively from the very beginning, keep a close eye on the competition, and be fast to cut the price to keep interest high. Because of the Internet, the buying public is keenly aware of what is on the market and so it doesn't take long for a listing to get stale.
The other thing sellers have great control over is condition. In order for a home to sell quickly and for top price, it must be well maintained and sparkling clean! Getting rid of clutter is one of the most important things a seller can do. Sometimes simply rearranging furniture will help.
Above and below are a few before and after photos of a current listing. It is amazing what boxing up books, new slip covers and rearranging the furniture can do.
In fact, this is so important in today's competitive market that I have decided to provide a free two hour consultation with a home stagger for my new listings. For details, give me a call at 756-7457.