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September 2008

August 2008

Buying REOs/Foreclosures – 10 Tips to Help Get Your Offer Accepted and Closed!

Avoid the inevitable frustration and stress so many real estate agents and buyers are currently experiencing by educating yourself and your buyers about the REO (Real Estate Owned) buying process! Here are 10 REO Tips to help you get your offers accepted and closed: Know the market – do a thorough comparative market analysis on the subject property prior to writing the offer. Look for trends – is the market steady, declining? Look at the last 2-3 months solds as well as the current pending sales. Many banks are using a tactic that results in a lot of activity and... Read more →

Qualify the Short Sale Listing – Questions to Ask the Listing Agent Before Showing a Short Sale Listing

Are you considering buying a short sale? Are you a real estate agent showing and writing offers on short sales? Have you considered “qualifying” the listing before showing it to your buyer? I submit to you that asking the listing agent the following questions and allowing your buyer to make an educated and informed decision about submitting an offer could save everyone a lot of time, money and frustration. Knowledge is power after all – and time is money! 1. Have you ever closed a short sale before? 2. How do you handle offers? Do you submit them all to... Read more →

The Short Sale Process – Educating Your Clients and Setting Expectations

What is a short sale? Simply put, a short sale is selling a property for a less than what is owed to the underlying mortgage holder(s). The final sales price is essentially what the buyer is willing to pay for the property with the mortgage company/bank having the final approval of the associated closing costs, commissions, terms and acceptance of a discounted payoff(s). The seller should always consult with an attorney, CPA or tax advisor to determine any legal or tax consequences of a short sale. We have seen the gamut of scenarios from mortgage companies accepting the discounted payoff... Read more →

RE Blogworld Sept 19-21 - Save $100 until August 22nd

Do you want to learn all the latest about blogs, podcasts, video blogs and social media? Then sign up today for the 3 day conference coming to Las Vegas September 19-21, 2008. Friday is a full day of workshops and panels geared for the real estate professional. Your conference registration ($350 until August 22nd then it goes up to $450) also includes both days of the Blogworld & New Media Expo. Visit the REBlogworld Blog for more details and check out this post from Todd Carpenter What does my registration get me? Read more →

Knowledge is Power... Know Your Market and the Real Estate Industry

Are you staying informed on the latest news and current trends in the real estate industry and your local real estate market? Knowledge is not only power it is the key to confidence! There are numerous resources available to you for this purpose: Inman News - Subscribe the free daily headlines; visit the Inman blog for latest RE Industry news; join the community RISMedia - sign up for the free daily eNews Your Local and State Association of Realtors Local and National Real Estate Blogs - just do a google blog search Las Vegas Realtors - don't miss these... Read more →