New

• We are overhauling customer/client 24 7 online sites
  • New ability for you to post on your page photos/ texts/ and voice messages from your PC or phone.
  • Skype appointments so you can view our computer in real time from your access device ( pc/ phone/ tablet / pad )
  • Ability for you to more easily set passwords for your site or individual pages – this enables sharing of parts or all of your site with others for realty transactions or family members.
• We have combined our Fenton city location in with our Waterford location
• Fenton area realty appointments are available at any wifi enabled location
• Other Fenton area general (e.g. Annual Reviews ) appointments are available at our residence office. Specific driving directions available thru your new sites and also mailed as a link with appointment confirmations

If my home is overpriced, why did I get so many showings ?

When discussing list price adjustments I often get this question.

My admirably successful broker-father oft said “when you overprice a property you take it off the market”. I give more value to the saying now that I’ve logged near 3 decades of experience and consider his economics Masters and PhD work.

If I drive by an unlisted house that fits a buyer customers desire, I have no problem knocking on the door to inquire, but if there’s a sign and I call and its significantly overpriced, well, that owner had better chances w/me had it not even been offered w/sign.

Many agents will show an overpriced home as an example, but the last home in the tour will save “the best one for last”.

There you go, your house is a time wasting guinea pig for you and your listing agent.

Consider getting an appraisal, looking at unsold homes, sold prices, and consider some articles:

• Home_Pricing_Strategies.html
• still-overpriced-
• will-more-advertising-sell-my-overpriced-home/

WHY STAGE YOUR HOME

1.  We want to test the market.  For how long ? Whats the exact plan, 90 days ? And the 91st day?  Price reduction– 90 days worth of potential buyers gone.

2.  It costs too much.  Staging costs virtually always less than the first price reduction…and carrying costs. ?

3.  We can’t, we’re living in it.  .. common misconception..   

4.  We didn’t have to stage any of the other properties we sold .  Once you could generate three offers by 5 p.m. the same day your Realtor put the sign in the yard.  Not now.

5.  Everyone loves our house .   Sellers are often baffled .. amazed that buyers have found things they don’t like about the property.

6. We can clean the carpets and declutter without someone telling us how.  Do you know what separates  “clutter” from “asset”?  And what about traffic flows, highlighting architectural features, updating, and appealing to your target market?

7.  We have no desire to remove/change our ____ (wallpaper/mirrored tile/gold faucets/paneling/dated light fixtures . . .).  neither do buyers.  Be ready to sell at a deep discount. 

8.  The view will sell this place.  Then why many months later are these great view homes/condos still on the market?

9.  We would rather let the buyers makes their own paint/flooring choices.  And that equals a price reduction, double or triple the cost of these items and reflect that in their discounted offer price–which includes inconvenience.

10. Our home is professionally decorated.  … tailored to the owner’s particular needs.  Does it work for the new buyer’s needs?

… consult with a professional home stager before listing your property for sale.

Yes, we can help you out of our local area.

Why I Love Referring People to Others

When I give someone a referral, it says that I trust that the person will do as thorough a job as I would.  I don’t pick names out of a hat.  I research who they are, what markets they work in, what type of personality they have, how conscientious they are, etc.  They know a fellow professional is looking over their shoulder. Then I talk to them over the phone to pick up more cues.  I don’t work for free; I earn a referral fee.  Most of the time, the referral works out great and it beats taking chances with unknown agents.

Make Your Home Safer

Burglars most often enter a place through an unlocked door, says Craig L’Esperance, a detective for a Midwest law enforcement agency. Other times the home owners have a burglar alarm, but forget to set it when leaving the house, even for just a short amount of time.

More

Why Home Prices Won’t Bottom

…

In theory, it should be a good time to buy a home. In the worst-hit areas, properties have lost more than half their value.

Yet as the average 30-year mortgage rate has slipped below 4 percent, the combination of employment insecurity and unusually tight standards for lending are discouraging buyers en masse. Lenders are asking for extensive income verification and tax returns. One lender I contacted for refinancing even wanted me to get an accountant to certify that I wasn’t lying to the IRS…….

How Long is Credit Information Retained on Your File

A Credit Reporting Agency may report negative information for seven years.

exceptions:

• Crminal convictions may be reported without any time limitation.
• Bankruptcy – up to 10 yrs.
• Response to application for a job with a salary > $75,000 – no time limit.
• Information reported re: an application for > $150,000 worth of credit or life insurance -  no time limit.
• Lawsuit or an unpaid judgment – the longer of 7 yrs or until the statute of limitations expires.

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FICO score is as follows:

• 35 percent payment histories
• 30 percent amount of debt (e.g. don’t use over 50% of a credit line).
• 15 percent length of time credit line has been open (a longer history is better if there have always been timely payments).
• 10 percent very recent history including new applications for credit.
• 10 percent type/mix of credit, includes installment loans (like car loans), leases, mortgages, credit cards, and so on.