Home Buying Myth Number 1

May 10, 2009

I’ll get the best deal on the house if I call the agent listed on the For Sale sign. (????????)

Maybe, maybe not. Remember that listing agent represents the seller and is contractually bound to get the best deal for the seller. That doesn’t mean the agent can’t work with you in a fair and professional manner as a dual agent, but it does mean you should not disclose confidential details to the agent, until you are assured that the agent will keep your information confidential

Bottom Line
If you tell a seller’s agent the top dollar you will pay for a house, the agent must pass that on to the seller.

A dual agent cannot do that. Agency laws differ in every state, so take time to learn about agent duties and loyalties before you enter the home buying market.

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First impression is important!!

May 6, 2009

A good first impression makes an impact on a number of levels when you are selling your home. It’s not just the way your house looks to potential buyers, but how it feels and smells to them, how their friends and family will react, how they imagine it would be to live there.

A good first impression makes an impact on a number of levels. It’s not just the way your house looks to potential buyers, but how it feels and smells to them, how their friends and family will react, how they imagine it would be to live there.

With simple improvements throughout your house, you can grab the attention of potential buyers and help them see why your house is right for them.

How is home sale lately?

May 2, 2009

I have been seeing many more leads from the beginning of this year compared to last year. Especially, the last 3 months have been fantastic for me. I also saw some quick facts from online news and would like to share with you some of these as follows:

C.A.R. reports March home sales increased 63.8 percent, median home price declined 39 percent.

· Existing, single-family home sales increased 63.8 percent in March to a seasonally adjusted rate of 522,980 on an annualized basis
· The statewide median price of an existing single-family home increased 2.2 percent in March to
$253,040 compared with February 2009
· C.A.R.’s Unsold Inventory Index fell to 5 months in March, compared with 12.2 months in March 2008
· The median number of days it took to sell a single-family home declined to 48.3 days in March 2009, compared with 56.8 days in March 2008