Sellers

There are currently 6 blog entries related to this category.

Shhhhh - I have a secret to tell. Home Sellers Listen Up!

Wednesday, March 23rd, 2011 at 9:23am. 852 Views, 0 Comments.

I have a secret to tell...shhhhh, agents do not want you to know this. Why? I mean after all, doesn't the listing agent represent you - The Seller? What could they want to hide? Let's find out.

Recently Rich Levin wrote a nice article on Open Houses. Specifically - How an agent (and not necessarily the listing agent) can generate business through one.

I do have to agree with Rich Levin, he is almost spot on with this advice and it is because of this advice that I advise sellers NOT to allow the listing agent to perform an Open House on their property. But first, let me start with what I disagree with.

In the very first paragraph Rich Levin points out "Furthermore, a listing agent has a fiduciary responsibility to the seller. Practitioners…

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You listed your home, now how safe is it? (The Great Electronic Lock Box Debate)

Thursday, September 16th, 2010 at 7:47pm. 418 Views, 0 Comments.


So you researched your agents and made your choice. The professional pictures have been taken and the listing is entered into the Multiple Listing Service. You sit back, give a big sigh of relief as you await the buyers to come a knocking! But wait, how do the buyers get in? Did you forget to ask your agent this important question?

Throughout the region a Lock Box is a common tool in the listing agents arsenal. Its a simple device that allows us to store the keys to your house under lock and key. Ah, but there in lies the problem...the key! What kind of key, who has this key, when can the key be used?

Many years ago a lock box consisted of a simple combination dial like a master lock. If you knew the three letters and in which order, you had access to…

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10 Safety Tips for todays Sellers

Tuesday, August 31st, 2010 at 4:56pm. 447 Views, 0 Comments.

 

As if selling your home in today’s market did not pose enough challenges on you, scams targeting the Real Estate market are growing.

Selling For Sale by Owner? You better be vigilant!

The summer started off with a local couple robbing Rent Rolls from Real Estate offices. In some cases they also took laptops fsbo_160and ID's right out from the Real Estate office. Then we saw an uptick in scams. People pretending to be NYS Licensed Real Estate Agents trying to book showings for homes. In some cases they were successful.. n old Rental scam reemerged where a person pretends to be the owner of a home, rents it out to an unknowing person. The scamer makes off with the Security Deposit and at least, the first months rent. Some of these targeted homes were never…

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Open Houses...Not Worth the Risk to Sellers

Monday, February 22nd, 2010 at 8:29pm. 303 Views, 0 Comments.

Do Open Houses benefit the seller? Its a highly debated subject among Realtors and I have discussed it at length with many of them from all over the country. 

Lets first look at what an Open House is. There are basically two types and the names vary by area.

  • Public Open House: This is usually done on a Sunday somewhere between 12pm and 5pm though some innovative marketing gurus have started Twilight Open Houses for those homes that have special appeal due to landscape lighting. It is hosted my the listing agent or another agent at the office and the public (aka Guests) are invited in to view the house. Most agents attempt to have guests register prior to viewing the home. This is usually accomplished by asking them to fill out a form or sign in…

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Does anyone really know what is happening?

Monday, February 22nd, 2010 at 8:29pm. 266 Views, 0 Comments.

As a Real Estate Broker, I believe it is my job to keep track of the industry, try to make some sense of it and inform my agents and clients what is happening locally.

One way I do this is by keeping tract of Real Estate reports. I have over a hundred news feeds I scan through every day. Looking at each headline today, something really stands out....Confusion!

Let's take a look at a few headlines that cam in this morning:

  • Mortgage Rates edge up
  • Some see hints of a bottom
  • Sales of new homes sink.
  • Lennar readies for New Home surge
  • US Real Estate Confidence drops

Each headline seem to contradict the next. SO what is happening...Uncertanity!

We have always had a saying in Real Estate, It's Local. And that is what we are seeing here. When we…

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Federal Short Sale Guidelines or HAFA are getting closer!

Monday, February 22nd, 2010 at 8:25pm. 293 Views, 0 Comments.

Most of us dread April 15th, but this year, April has a whole new meaning. That's because on April 5th. the New Federal Short Sale Guidelines will take affect.

Ask most REALTORS about a Short Sale and unless they are experts at it, they will run from it. Why? Well let's take a look at the current process.

  • Sellers Agent lists the home at the current Market Value and adjusts the price as needed until an offer comes in.
  • Buyers Agent submits an offer on the buyers behalf.
  • Buyer and Seller enter into a contract of sale and offer is then sent to the bank.
  • Entire contract is then submitted to the Sellers Bank.
  • At this point the seller and buyer are bound by contract and this is where everything goes horribly wrong. Unlike a traditional sale, there is…

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