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  • Kim 12:15 pm on July 18, 2014 Permalink | Reply  

    Real Estate Tips For Buyers And Sellers 

    agent-with-clientMany of us have seen how home prices have steadily increased in the past years, providing great profits for homeowners and sellers. The real estate market has been performing well with more new home constructions now underway. In addition, more real estate investors now are investing in secondary markets. Economists also predict that home prices may still increase to another 4% to 5% in 2014.

    For home buyers and sellers, here are some helpful tips to consider so you can take advantage of the steadily growing real estate market.

    Buyers

    1. Prepare and review your financial information–With better home prices, expect tougher competition from other potential homebuyers. Be credit-ready by getting your credit report and repair errors immediately if you find one so you can qualify for a home loan with good rates. Getting pre-approval letters will also prove to the seller that you are financially prepared and ready to close quickly.
    2. Adjust expectation –Negotiate properly with the seller and avoid making lowball offers. If other buyers enter the negotiation, it will be more difficult for you to attain a better deal. Avoid a bidding war by responding to counter offers. You should also consider other homes in case offers really become high.
    3. Getting conventional mortgage after foreclosure –If you have a foreclosure before, you can still get a conventional loan. Although some people would wait 7 years before applying, a lot of lenders actually only require 3 years of waiting period especially if the foreclosure was caused by an extenuating circumstance. Some lenders will approve the loan if the borrower is willing to provide a larger down payment or with higher interest rates.
    4. Ask everything about the home and neighborhood –Some sellers are not obliged to disclose other details about the home, which may be very important for you to know as a buyer. Before signing anything, make sure that you asked important information like if there are commercial zoning nearby, other non-residential buildings being constructed nearby like oil wells, water towers, natural gas, are there loud neighbors, criminal activities in the neighborhood, or known criminals living within the neighborhood.

    Sellers

    1. Plan ahead – Early planning is important when selling a home. Have your home inspected and do major repairs if necessary. Attend other open houses so you’ll know what to do when you do your own open house.
    2. Screen your agent –It is crucial to find a good agent that will help you with the process. Look for an agent that have extensive computer skills and use mobile technology since a lot of buyers nowadays search the internet first to look for properties and communicate online.
    3. Do not jump at the first offer –Do not jump at the first offer even if it seems generous especially if you are getting more offers from other buyers. If you are getting more than your expected selling price, give back in good faith.
    4. Avoid remodelling – Major renovations are recommended if necessary but avoid remodelling especially major areas since there is less profit in remodelling than just offering a lower price for the out-dated but fully functional areas in the home.
    5. Real estate is local – Do not base your selling price on nationwide trends and news since real estate is local and every market is different. Even prices in neighboring subdivisions can widely vary.

    For homebuyers and sellers, just like in other industries, the real estate market is hard to predict and most real estate cycles are short-lived. Watch out for trends and changes in consumer behavior and preferences so you will know how to react accordingly.

     
  • Kim 1:38 pm on February 5, 2014 Permalink
    Tags: agents, homes for sale, open house,   

    Entice More Interested Buyers Through More Exciting Open Houses 

    When it comes to great homes with amazing views, location, weather, and community, Marco Island in Southwest Florida is definitely a good choice. You can find a lot of homes in this beautiful island especially beachfront and waterfront properties. You will not only find a lot of properties to choose from but you will also get to enjoy while you shop and visit the available homes during open houses. In addition, you can even win some amazing prizes when you visit these homes.

    To attract more prospective buyers, Ken Mitchell has utilized one of the most effective marketing strategies to sell his beautiful, waterfront home on Laurel Court. Instead of just a simple open house, he and his wife upgraded the advertisement. He added a live bar, live music, hor d’oeuvres, and door prizes, which include 2 iPad minis.

    The owner spent a total of a thousand dollars for the open house but he considered it a great investment. The amount is even less than a quarter of 1% of the total value of the property but the promotions can be very effective in selling their home.

    Ken Mitchell wanted to people to really check out their home because some people and realtors would probably have different idea of how their home looks because it is quite old. The home for sale is actually newly updated with great embellishments. It has 3 bedrooms, 3 bathrooms, a wet bar, a heated pool, private boat dock and boat lift, and a sewer connection. The views from the covered lanai are spectacular.

    A lot of realtors in Southwest Florida usually make open houses more enticing to attract more interested clients especially for properties in newly developed communities or areas. This marketing method seems to be quite effective since many developers and homebuyers are reacting positively to it.

     
  • Kim 7:37 pm on January 9, 2014 Permalink
    Tags: florida, homes,   

    Naples, Florida Real Esate 

    Pier at Sunset in Naples, FloridaWhen people think of Naples, Florida, they think of beaches, amazing views, beautiful weather, exceptionally maintained golf courses, as well as the overwhelming desire to move there. With the housing market on the climb, the Naples real estate economy is booming. New construction is growing exponentially, and the residences are being purchased before the construction of the homes is complete.

    Among some of the most popular places to live are: Vanderbilt Beach, The Dunes, The Quarry, Saturnia Lakes, Port Royal, Park Shore, Naples Park, Pelican Bay, Pelican Marsh and Olde Naples to name a few. There are plenty of other communities to live in that are not gated. For example, Golden Gate Estates is a sprawling area known for larger lots and more space for residents. Many homes are just a short drive from all the great things Naples has to offer, without having to live in the city itself.

    So whether it’s the weather, golf, the views, the water, the beaches or the people that bring you here; you can always find your home in Naples, Florida.

     
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