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The Real Estate Lady
All about Real Estate, Townsend, MA and Me…
February 18th, 2011
Many folks already know someone or would just call the person they have done business with before but if you are not that lucky, just how does one find a real estate professional? I don’t mean choose a real estate professional with regards to experience and qualifications but the actual first step of searching for one (or three).
I will often Google myself or do a search on some the the real estate portals that contain my listings to keep up to date on how the consumer is being served and tweak the ways to serve my Buyer and Seller clients. Here’s what I stumbled upon on Zillow today. Under the Directory tab, I choose Town of Townsend, MA- Real Estate Agents.
The results were 23 and yes, I am glad Sodano Real Estate is one of them seeing that I am physically located in Townsend. One of the results doesn’t even have a real estate license. Two of the results are located at least 1.5 hours away I bet they don’t know where Townsend is. The rest are located 20-45 minutes away. Aside from the town(s) that an agent claims to be in their marketplace, Zillow uses a rating system by how many contributions one makes to online questions. Great concept, except some of these so called questions are absurdly made up junk by people that looking for a laugh and agents will actually attempt to answer to increase their ratings.
Here’s an example of a pretty good question that a homeowner asked in October of 2009: Should I paint the woodwork or leave natural……? Well, it got 40 plus answers from agents, but here’s the kicker; 16 of the responses were posted in October of 2010 to just yesterday. Are you kidding? Do you think the guy has made a decision by now?
Real Estate on the internet can get quite overwhelming, so if you are looking for a professional that knows their marketplace start with someone located in that area. Avoid the online lead generation traps and just find an online map search like Google and type in a specific town with state and “Real Estate Agencies” Your results may get you a little closer to home!
December 1st, 2010
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Dos and Don’ts of Homebuyer Incentives
Homebuyer incentives can be smart marketing or a waste of money. Find out when and how to use them. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
November 17th, 2010
Sure, but why limit yourself! Are you a first time home buyer? Investor? In a hurry to move? Need financing or paying cash? Just looking for a deal?
We’ve got 3 different types of properties: Arm’s Length with real, live Buyers and Sellers negotiating and making decisions, the dreaded Short Sales and REO (bank owned) which people think are the best deal.
Arms Length: “Traditional” transaction where property is listed and sold on the open market at fair market value without duress or special circumstances that affect value. Typically, property conforms to lending requirements and closes upon agreement of the parties.
Short Sales: Transaction where property value is less than outstanding Mortgage. Once Seller gets an offer that’s viable, Seller will have to prove their financial hardship and need to sell in order to get the bank to release the lien and approve the sale. This added layer of time and uncertainty to the closing process turns many Buyers and Real Estate Professionals away from even looking at these properties which certainly affects value. This is why “Short Sales” may sell for less.
REO/Bank Owned/FORCLOSURE: The Bank or Lien Holder is the Seller. Property condition is “AS IS” and terms of sale are usually non-negotiable. Because of lending requirements, these properties are tough to get financing and many are for investors or cash only Buyers because they need 10’s of thousands of dollars worth of work.
In many cases these situations spell out the type of Buyer but there are always exceptions to the rule so don’t rule out the possibilities. Never forget that every Seller wants market value but…..It’s a Buyer’s market with opportunity for a deal everywhere. Call the REALTOR® that you know and love to tell them your criteria, concerns and motivation for buying (assuming they’re your Buyer Agent). Your REALTOR® knows the local market and can be your best advocate for homeownership or investment.
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