Posts Tagged ‘ homebuyers ’

5 Small Home Improvement Projects with Big Returns

The very mention of ‘home renovation’ can cause anxiety in homeowners, particularly those who have already gone through the process. Extensive remodeling projects can be expensive, disruptive, and time-consuming, but that does not necessarily apply to every project. There are a number of upgrades that can dramatically improve the look and feel of your home without breaking the bank or creating total chaos in your life. If you are trying to sell your home, you will find that inexpensive improvements can yield big returns. Here are five enhancements that fall relatively low on the hassle scale:

1. Hardwood Flooring Installation

Installing hardwood flooring should, in most cases, be left to a contractor, as it requires special equipment and expertise. On the other hand, glue-down hardwood floors are less costly, especially if your home is on a concrete slab. The installation of nailed hardwood floors over concrete requires that a layer of plywood or other suitable wood medium be applied first so that the new product can be attached with nails. However, glue-down flooring eliminates this step because an adhesive is used for the attachment process. It is generally a faster installation as well. For instance, a 400 square foot room floored with 3-inch flooring can usually be completed in 1 to 2 days.

If you already have hardwood floors that are worn, you might want to consider refinishing. Again, this is a job for the well-skilled craftsman, but it will dramatically improve the look of the room and require much less time than a complete replacement. In fact, approximately 86% of homebuyers in 2011 chose a home with hardwood floors, so this renovation is a worthy investment if you plan to sell your home somewhere down the road.

2. Kitchen and Bath Hardware

One of the simplest upgrades that can be performed is the installation of new hardware such as towel racks, cabinet handles, toilet paper dispensers, and other wall-mounted hardware. Several aesthetically pleasing designs are available for a range of prices. If you are handy, this is a true do-it-yourself project.

Continue reading this post


Posted by: Guest Contributor on October 4th, 2012 under Guest Bloggers, Home Improvement


Real Home Buyer or Time Waster?

Every time I meet with a client I ask myself, “Are these people wasting my time?” Good time management and qualifying skills are so important to a successful real estate career. Realtors can get bogged down with time wasting tasks and people. Your production will suffer if your week is filled up with activities or clients who misuse your time and energy.warning-sign-cone

Here are 5 common “warning signs” from a potential home buyer:

1)      “We would like a tour”

If I hear the word “tour” I cringe.  This is usually someone very early in the buying process or who is a complete waste of time. I’ve noticed that many real homebuyers are willing to drive themselves around.

2)      “I need a steal”

Of course, everyone is looking for a steal and there is nothing wrong with that. Be scared of those buyers who are not willing to purchase at market or appraised value. They are usually only interested in buying a home if they can get it at a wholesale price.  These types of buyers can have you chasing your tail in no time.

3)      “I’m positive that I can get financing”

This one can come back to bite you. Imagine spending 10-20 hours working with a buyer only to find out that they cannot get financing. Many times people who think they can get financing easily don’t want to go through the hassles of a mortgage pre-qualification or pre-approval. If that is the case how motivated of a buyer are they? Continue reading this post


Posted by: Marc Rasmussen on March 25th, 2010 under Best Practices, Guest Bloggers

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Top 5 ½ Issues With REO Sales Revealed

I’ve sold a ton of REOs (Real Estate Owned homes – foreclosures) to first-time homebuyers – many of whom I’ve met through Before we start looking at homes, I take time to meet with them and explain the entire process in as much detail as necessary. I hate surprises, and I’ve discovered buyers don’t like them either. I want my clients to fully understand the process so they know what to expect once we hit the streets.

In the process, I’ve discovered a sad truth. No amount of discussion or explanation ahead of time can adequately prepare prospective buyers for the process of trying to buy an REO in the current market.

I recently came across a video that so perfectly sums up the process of buying an REO – I decided I have to share it with you. As I watched it for the first time, I discovered I was unsure how to respond … should I laugh … or cry …

You decide.

For additional musings on REOs, also read:

  1. Top 10 Things I HATE About REOs: AND 3 Startling Consequences
  2. How To Buy An REO – Top 17 Questions Answered
  3. Bank Tactics Causing Repeat Of Crash Conditions in San Francisco Bay Area

Thanks to San Diego Castle Realty and Kris Berg for producing the video!

Watch the video on YouTube


Posted by: Carl Medford on October 26th, 2009 under Buying or Selling a Home, Short Sales and Foreclosures


Atlanta Real Estate Market Update

The real estate market in Atlanta appears to be following the upswing many of have heard about on the news recently and it’s high time we spread the word! For the first time in years, parts of Atlanta have seen price increases and sales volume increases. This is particularly true for resale homes and those homes in the traditionally more popular areas on the north side of the city.

atlanta-chartAs I write this, home sales in Atlanta under $200,000 for the month of July are 2,547 solds vs. 2,390 sold in July of 2008. This is a significant statistic because, we will have more sales than last year for the second month in a row and this also represents the single largest segment of homes for sale in Atlanta broken down by price point.

In June, which is traditionally the highest monthly sold numbers, 2009 sales at this price point far outpaced what we saw in 2008. This year there were 2,679 sales vs. 2344 in 2008. This is a 14% increase in volume. In the popular northern suburbs, this has turned to a seller’s market with only 3 or 4 months of inventory available to purchase in many cases.

The significance of the year over year sales increase at this price point cannot be overstated. Since this represents 60% of total sales and represents 43% of all homes listed for sale, year over year increases represents more than just a small tick in an otherwise bleak market.

This represents a turning point.

When this is combined with 6 consecutive months where inventory levels have declined and 4 consecutive months where the average home price has increased and we find ourselves wondering whether or not we have actually seen the bottom in the overall real estate market. Continue reading this post


Posted by: Ryan Ward on August 19th, 2009 under Regional


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