teamdavis' Blog: All Categories

When I say "Buying a Listing," I'm not referring to the actual act of buying a home. Instead I am referring toindustry agent to agent jargon. It refers to an unethical trick where some listing agents will inflate the recommended list price in order to win the deal.

If you pick an agent based on the highest recommended list price, be prepared toSIT, DROP and NET less. I often tell clients and potential clients that we are not in the business of listing homes, we are in the business of selling them! Sometimes our brutal honesty when recommending a sales price works against us. I can not tell you the amount of times that we have lost a listing because of it. Sometimes a very hard thing for seller’s to remember is that real estate agents do not set prices,… Read Full Post

 

Every seller wants her home to sell fast and bring top dollar. Does that sound good to you? Well, it's not luck that makes that happen. It's careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home. Difficulty: Average Time Required: Seven to 10 Days Here's How: 1.       Disassociate Yourself With Your Home. o        Say to yourself, "This is not my home; it is a house -- a product to be sold much like a box of cereal on the grocery store shelf. o        Make the mental decision to "let go" of your emotions and focus on the fact that soon this house will no longer be yours. o        Picture… Read Full Post

 

There is much uncertainty in the real estate market place today. Prices are down and inventory is up. Are things going to go down further? Should I wait until things bottom out? These are all valid questions and the uncertainty is pounded into our minds continually by the media.

Why should you buy now? Here are my top 10 reasons:

1. You need a place to live. Rents are escalating and landlords are getting greedy. Most will only accept a one year lease and are raising rents as soon as the lease period expires. Rent is not a tax deduction and your mortgage payment is deductable.

2. Your family's comfort and lifestyle is worth the investment even if you do not make $100,000 on your home in the first year.

3. If prices decline  interest rates will…

Read Full Post

Charles County/Washington D.C. Area

During the last several years mortgage companies in general and mortgage loan officers in particular have capitalized on industry loop holes that existed at the time. In our area, Southern Maryland there were several companies that targeted people with questionable credit. Here's how the deal would work  A perspective customer would walk into a builders' model. They would be informed that they could purchase this beautiful home with no money down. The new home salesperson would put the prospective purchaser in touch with a mortgage loan officer. The purchaser would explain that their credit was not that great. "No problem", said the loan officer," we have a plan that will give us time to clean up your credit".

"We are…

Read Full Post