Posts tagged "home buying"

When A Mortgage Pre-Approval Is Not Worth The Paper It's Printed On

When A Mortgage Pre-Approval Is Not Worth The Paper It's Printed On
Many people, but not everyone, are aware of this but when submitting an offer to buy a home the buyer really should provide a pre-approval letter from a lender that basically says they look good for getting a mortgage for the purchase price less the down payment – assuming the buyer is going to be... Read more »

The Right And Wrong Way To Get A Real Estate Commission Rebate

The Right And Wrong Way To Get A Real Estate Commission Rebate
Yesterday I posted on real estate commission rebates, which are apparently the best kept secret in the real estate industry. Assuming you want to get a rebate on the purchase of your home you need to know that there is a right way and a wrong way to go about doing this. The absolutely wrong... Read more »

Real Estate Commission Rebates: The Best Kept Secret In The Real Estate Industry?

Real Estate Commission Rebates: The Best Kept Secret In The Real Estate Industry?
You would think that something as basic and lucrative as real estate commission rebates would be pretty well known and sought after by home buyers but apparently, and shockingly, they are still a very well kept secret. A simple check of Google Trends shows that in the entire Chicago area maybe only 30 people per... Read more »
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Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data

Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data
The National Association of Realtors is at it again, trying to convince everyone that buying a home is the key to riches. Their economist, Lawrence Yun, wrote an article that appeared in the October 14 issue of Forbes Magazine in which he makes the case that homeownership allows homeowners to accumulate an additional $190,000 in... Read more »

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 »

The Real Reasons You Actually Need A Real Estate Agent To Buy A Home

The Real Reasons You Actually Need A Real Estate Agent To Buy A Home
I have conversations with current and past home buyers all the time during which they describe a desire to not use a real estate agent to help them buy their home. Frankly, their logic for not using a real estate agent is usually not very well thought out and the reason they’re talking to me... Read more »
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Realtor Propaganda: Home Ownership Is The Key To Wealth

Realtor Propaganda: Home Ownership Is The Key To Wealth
The National Association Of Realtors is at it again. They’ve never seen a social or economic problem that buying a house couldn’t solve. They even have a full time chief economist, Lawrence Yun, whose job it is to regularly churn out statistics proving the benefits of home ownership or arguing for some kind of government... Read more »

Penn And Teller Episode Explains Why Real Estate Commissions So High

Penn And Teller Episode Explains Why Real Estate Commissions So High
I’m always baffled that in this day and age most people are still paying such high real estate commissions to traditional real estate agents to sell their places – especially at the high end – or passing up the opportunity to get a commission rebate from their real estate agents. But maybe it’s still the... Read more »

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home
One of the first things they taught us in our real estate training class (after you get your license is when the real training begins but it’s heavily focused on how to make money) is that a realtor should make sure that all their buyers have a mortgage pre approval before they spend too much... Read more »
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Consumer Real Estate Web Sites That Are Highly Inaccurate

Consumer Real Estate Web Sites That Are Highly Inaccurate
I’ve always wondered why some of our buyers keep asking us about properties that aren’t really for sale that they found on some consumer real estate Web site. I could understand it happening once in a while but in reality it happens a lot more than I would expect. So when I was taking inquiries... Read more »