Posts in category "Real Estate Strategies"

5 Tips To Compete With Cash Home Buyers

5 Tips To Compete With Cash Home Buyers
The following guest post was written by Jackson Cooper of Jensen & Company. All cash home sales comprised 37.9 percent of all closed deals in February, according to the most recent CoreLogic data. That is down from 40.6 percent the previous February. Cash sales have dropped every month since January 2013, opening the door for... Read more »

Why You May Not Want To Pay Off Your Mortgage Early

Why You May Not Want To Pay Off Your Mortgage Early
A lot of people think that mortgages are bad and that you should use them sparingly, putting down as much cash as possible or taking every opportunity to pay off your mortgage early. The idea of owing that much money and having to make a payment every month makes them really nervous. My parents were... Read more »

How To Make Money Flipping Condos

How To Make Money Flipping Condos
The following guest post was written by Bryn Huntpalmer who writes for Modernize.com, which is a Web site for gathering design ideas and seeing how other homeowners have transformed their homes. By definition, flipping a property means buying at a discounted price, then selling the property at or above market value for a profit. It... Read more »
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The Real Reasons Some Realtors Promote Pocket Listings

The Real Reasons Some Realtors Promote Pocket Listings
Last week I posted on how the seriously flawed pocket listing concept continues to be pushed by certain realtors and Web sites. It should be clear from that post and an earlier one what the issues are with this real estate strategy. So the obvious question then is why do these realtors continue to push... Read more »

Pocket Listings: The Growing Fad To Sell Homes "Not On The MLS"

Pocket Listings: The Growing Fad To Sell Homes "Not On The MLS"
If I might say so myself I pretty much decimated the arguments for pocket listings about a year and a half ago. In fact, for once I’m actually in agreement with the majority of real estate agents – most oppose selling homes “not on the MLS”. All you have to do is google the term... Read more »

The Truth About Home Warranties And Are They Worth It?

The Truth About Home Warranties And Are They Worth It?
When you buy a new home you always have the option of purchasing a home warranty that, theoretically, covers the cost of repairs to various appliances and other home systems. But are these home warranties worth it and what should you be aware of before you actually buy one of these? Before I get into... Read more »
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Can An Offer Letter From A Home Buyer To A Seller Make A Difference?

Can An Offer Letter From A Home Buyer To A Seller Make A Difference?
The Chicago Tribune ran an article last week about how home buyers can sweeten an offer with a love letter to the seller. Love letter is an expression used to describe an emotional appeal from the home buyer to the seller in an offer letter to earn an advantage in the bidding process. The letter... Read more »

The Logic Of The Pocket Listing - Why Not List On The MLS?

The Logic Of The Pocket Listing - Why Not List On The MLS?
There is no shortage of real estate mythology, superstitions, and old wives’ tales but one of the strangest concepts is the pocket listing and I think I’m due to weigh in on it since there seems to be an upsurge in the use of this strange technique in the face of a hot real estate... Read more »

Underwater On Your Mortgage? Keep Your Eyes On Congress.

Underwater On Your Mortgage? Keep Your Eyes On Congress.
There is a little known provision in the income tax code (most of the thousands of pages contain little known stuff) that basically says that if someone releases you from your debt obligation then you’ve earned income equal to the amount of debt forgiven. Normally that makes sense. If I loan you $10,000 and then... Read more »
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For Home Buyers That Want The Real Estate Commission For Themselves

For Home Buyers That Want The Real Estate Commission For Themselves
I remember many years ago, long before I got into real estate, talking to a listing agent in another city about how I should be able to get the real estate commission on a purchase because I wasn’t going to use a real estate agent. Wow! She looked at me like I was from another... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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