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Wondering who is this Fannie Mae person that your real estate agent always mentions when the subject about mortgage is brought up? Fannie Mae is not a person, nor a Woody Allen female character – but the way people commonly refer to The Federal National Mortgage Associatio ...
Market Analysis in the Real Estate Market is basically research done concerning specific properties in relation to the overall current climate of the real estate industry. A good evaluation will take into consideration economic, geographic and psychological factors of that m ...
The logical definition of both words is almost enough to understand what is earnest money. Money is a form of exchange between people to assert value to something and Earnest equals something that shows or results from a sincere and intense conviction. You see where this is goin ...
That’s the name of the study a Real Estate Broker presents to home sellers when trying to turn them into clients. In it, by making a comparison with the available houses in the market - and how much they are asking for - the homeowner gets to find out what their asking pric ...
Just to be clear: an Open house is not when you invite friends over to meet your new house. At least not in the real estate world.When you hear someone talking about an Open House, they mean an event where the agent or the home seller opens his house so that interested homebuyers ...
- What are the closing costs?Closing costs are the fees and expenses paid during Closing. They are not included in the final purchase price of the property.- How much are the closing costs?Normally, the closing fees are somewhere between 2 to 5 percent of the final purchase price ...
Yes and no.The yes part of the answer is pretty standard; we’ve been covering it in the many many articles we put out on our real estate advice and tips page exposing the complexity of acting as a real estate agent in a housing transaction. There’s a reason why w ...
You’ve been invited to a housewarming party (or just invited to meet a friend’s new house) and you don’t know what to bring… well, that's why our real estate questions section exist: we cover all the way from "How to take pictures to sell your h ...
Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller pretty much says “Hey, realtors®! Whoever brings me the best offer first, wins&rdquo ...
You know what is the truest answer to “who can put a lien on your house”? Yourself. We’re not trying to be smart here; it’s the truth. Failing to pay up a debt is what gives way for a lien to be put on an asset like a house, so, a broad answer to wh ...
Here you are asking us: “Do I have a lien on my home?” We don’t know. Do you? Here are some of the reasons why one would have a lien on their home: Defaulting. Failing to pay the principal of your mortgage. The lender can apply a lien, put the house in ...
There’s really no easy and quick answer to “how much money can I borrow to buy a home?” It will all depend on the overall financial health of the area in question, the financial health of the mortgage company in question and the risk that giving a loan to you w ...
Senior Citizen Housing: Accompanied Or By Yourself?
For some people, this issue is a bit taboo but, hopefully, it will happen with all of us: we’ll get to live so long that certain cares around the house will need to be taken in order to facilitate our life pace. And even if you’re a Millennial thinking “oh, I’m 50 years away from that, my friend”, you always have family and friends of ...
Tips To Raise Your Real Estate Commission
If one is to answer how much does a real estate agent really make, it will become very clear that the place where you make a difference on your earnings as a real estate agent is the real estate commission. The highest the house gets sold for, the highest the real estate commission. So, technically, to raise your real estate commission = to raise the price of the ...
Why Real Estate Agents Fail And Get Out Of Business
You know how they say you should always enter places, situations and even relationships with a backup plan and an exit strategy? Romantics say that’s not the right way to go about things, but it’s actually a way to take some tension out of the way, minimizing the fear of failing to let you focus on making everything work. If you have the worst case scenario ...
Living Near An Airport: The Good And The Bad
If you’ve been following the content production of RealEstateAgent.com you’ve probably noticed how we love to write about strange unusual real estate scenarios. We’ve already written about living near a highway, considered if living near a cemetery affects the home value and even questioned if you would live in a haunted house if the price was ...
Essential Home Items Your Place Might Be Missing
The mind is always playing tricks on us. Sometimes there are some things that are very obvious, and we come across them all of the time – they are a big part of our lives – and yet; we can’t remember them! Have you ever played Scrabble and couldn’t for the life of you think of a word, then your friend just adds an “r” or an ...
Working Couples In Real Estate
Beyonce and Jay-Z, Melinda and Bill Gates, Sonny and Cher, Lucille Ball and Desi Arnaz, Hart to Hart, even Ant-Man and the Wasp… there a lot of stories – some successful, some not so much - of husbands and wives working together out there. And in our industry, of course, is no different. If you take a look at some of the real estate agents in The ...
Things Home Sellers Should NOT Do
We’ve made several articles in the past regarding things that home sellers should do to sell their house. We gave home staging tips and tricks, advice on how to optimize your next open house and even went oriental with Feng Shui to sell your home. But we never talked about the things home sellers should NOT do when selling a home. And you know, that’s ...
Whenever we do a “best ____ for _____” type of article, we always discuss the metrics pertaining to that subject and come up with a ranking of sorts. But today, because the discussion within the subject has so many variables, we’ve decided to do it differently. To tell us about the best places to raise a family, we’ve imagined a typical ...
There’s an argument to be made that cold calls are not the most current way of getting that sweet lead generation going for you and that SMS, social media, and cold email marketing have a much higher percentage of lead generation success than cold calls, but hey… sometimes you have to try them all, right? Maybe your real estate market is more technology ...
5 Signs You Should Sell Your House
From time to time, homeowners wonder if it’s the right time to sell their house. They look to the sky and say “God, if this is the right time to sell my house… just give me a sign!” Well, we’re not God, but here are FIVE signs you should sell your house: All the neighbors are selling their homes It’s all about supply and ...