Learn How To Get Your House Sold Easily

January 6, 2013 by  
Filed under Ready for Real Estate ?

TIP! Whether you find yourself engaged in negotiation may depend on the conditions of the market around your home and its effects on your asking price. If you feel as if you need to sell the house as soon as possible, it is best that you give the other party some leeway and are capable of agreeing on a fair deal when it arises.

When selling real estate, you generally reap what you sow, what you get will be a result of how much you actually put into the process. Considerable profits are usually reserved for knowledgeable sellers. Using what you’ve read here in your real estate selling strategy will ensure you’re well-informed and ready to make a profit!

TIP! If your home has an unfinished or undeveloped room, you should complete the area before you allow potential buyers to tour the house. Even just $5,000 can help you transform an unfinished basement into an appealing media room.

Throw in a bonus or two to increase sales. It’s a common thing these days for sellers to offer some incentives like additional appliances and other amenities to their buyers. Offering something like this will give prospective buyers a little extra encouragement. Look at what things are in demand, and what you can afford, before you close the deal. Doing so will improve your chances of making the sale.

TIP! While the practice has become less common, selling your house at auction may be a good idea, especially if you live in a region with a slow market. This way, you do not have to worry about paying money to a real estate agent.

The housing market is driven by the seasons in many parts of the country. Use decorations for the current season and your home will be more welcoming. Keep your yard clean during the autumn, as this makes your house more appealing.

TIP! If you’re showing your home to potential buyers, draw back your window coverings. Everyone loves seeing nice bright sunlight when they enter a new home.

As time goes by, our homes become more and more inundated with clutter. Perhaps you are not noticing it anymore or do not wish to do anything about it. The best way to work around this problem is to have a neutral third party do a walk-through and identify clutter that needs to be removed in order to increase your home’s appeal to potential buyers.

TIP! Use a real estate agent that will value your home not at the highest or lowest price. For example, agents who set the sales price unrealistically high will do more harm than good.

Make sure that you put some effort into making your home look its best before showing it off to potential buyers. Get the walls painted and go to a good cleaning service to have your house thoroughly cleaned. Though it may feel like you are spending money on things that you will never benefit from, it is definitely worth the investment.

Potential Buyers

TIP! When it’s time to let a buyer see your house, be somewhere else than home. It can distract the buyer.

Make sure that your property is well-lit before inviting potential buyers for a viewing. When rooms are well-lit, they look larger. Also, potential buyers will see that you aren’t trying to hide anything. This should improve the amount of good offers you get substantially.

TIP! If you have pets, you should remember that your house could have a particular odor that a potential buyer might smell as he walks through your door. While you may not notice any smell, outsiders can quickly determine if you are keeping a pet inside.

Place a reasonable sale price on your home. Check out recent comparable home sales in your area, and set a sales price that is somewhat in the middle. If you price your home too high to begin with, you may end up having to reduce it.

TIP! To have buyers picture themselves inside the home, remove your “stamp” from it. This can be accomplished by taking away family photos and personal momentos.

Once the interior is ready, go outside and look at your house. What you are looking for here is your home’s curb appeal. If your house isn’t appealing as soon as the buyer drives up, they might leave without looking inside! If something about your property may detract from a positive first impression, remove it, fix it, or replace it.

TIP! Many selling their homes shy away from listing their houses during the winter, but it is important for you to measure the possible benefits of selling during the spring against the possible downfalls of hanging onto your home throughout the winter. For instance, the longer you take to sell a home, the more property taxes you will owe.

Just doing small updates to your kitchen can have a big impact on the value of your home. Swap out one appliance for a focal piece, and instantly update the look of the room. Other common kitchen upgrades include: installing a large wood block island in the center of the room, and adding hanging storage. It will be quite costly to change out the cabinetry, so you should consider giving your existing cabinets a fresh coat of paint.

TIP! Check your roof for damages and ensure it is in good condition before listing the property for sale. A roof that needs work or has issues is going to turn off a lot of prospective owners.

You need to learn everything you can about the real estate market to maximize your profits upon selling your property. The advice you have read in this article will get you started, but there is still more you can learn. There is plenty of information waiting to be found by sellers who are focused and committed to making the most money they can.

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Help For Your Next Real Estate Sale

January 4, 2013 by  
Filed under Ready for Real Estate ?

TIP! A lot of homeowners are having a hard time keeping up with minor repairs, painting, or landscaping. However, as you let these tasks fall by the wayside, they begin to pile up on you.

These days it is hard to leave your house without getting unsolicited advice on how to sell your real estate. You will not necessarily be able to verify the sources of even the most well-intentioned advice, so be wary of taking just any person’s word. This article will give you the information you need so that you are an expert on real estate.

TIP! One way to make the home seem more inviting to a potential buyer is to stay away when it is being shown. If you’re frequently walking around in an open house, you might not be communicating what your buyer wants.

Many home sellers are afraid to list their homes in the winter, but you have to weigh the potential gains of a spring sale against the cost of holding your home through the winter. The longer you are the owner of your home, the more property tax you will have to pay. Also, winter bills are usually quite expensive, so keeping the property through this season probably will cost you more than the profit you would earn by waiting until spring to sell it.

TIP! It is important that when you are trying to sell your home, you see it more as a marketable commodity and treat it more like a house, than your home. You will be able to let go of the attachment of it so you can sell it faster.

Don’t overlook the importance of bright and shiny plumbing fixtures. Potential buyers will touch everything, including faucets and trim. They will definitely notice that your fixtures look like they need to be replaced. So you want to make sure everything is in line, so you don’t have problems selling the house. If improving their appearance proves difficult, you may want to buy new ones.

TIP! Before someone comes to look at your home, do not spray fragrances or light any scented candles. Many people do not like strong scents, while others could be allergic to them.

Two places that are easy to overlook when you are trying to clean out your kitchen from clutter are the junk drawer and the cabinet under the sink. Since buyers tend to look at all the small details in your house, you should see to it that you clean all the possible places that they could check.

TIP! Be reasonable when setting the listing price of your home. Look for recent home sales in the area you live that are comparable to your home.

If you have a dog, have it stay outside when possible to minimize the smell inside. Even small dogs will produce odor; even if you don’t notice it, potential buyers unaccustomed to the smell might. Employ freshening products created for carpets to keep odors at a minimum. Better than that, try getting rugs and carpets shampooed in advance of viewings. A house that smells fresh and clean will have a greater potential to impress a possible buyer.

TIP! Make your house more appealing to buyers by cleaning out your clutter. Closets should not be packed full and they should be organized well and kept clean.

Use bonuses as a way to get sales. It’s a common thing these days for sellers to offer some incentives like additional appliances and other amenities to their buyers. These incentives can make the difference between a sale and a visit to see the property. Keep an eye on products that are in demand, and consider adding them to your final closing deal. This was make you more successful.

TIP! If you want to paint your home before putting it on the market, do not choose colors that fit your preferences. You should select color palettes that are more earthy and neutral.

When your buyer comes by, make sure you are away. A buyer needs to be able to picture your house as his own home. If you hang around, your buyer will not be able to envision himself and his family living in your house. This could have an end result of losing that buyer.

TIP! When you live in the same house for a long period of time, it is easy for clutter to pile up without you realizing it. It can be hard for an owner to detach from the clutter because they’re used to it.

In conclusion, it can be trying to listen to so-called experts give you their opinion on selling real estate. The tips and tricks in this article have been widely proven time and time again. Hopefully this article will help to either clear up what you were unsure about, or give you some new information.

Related Real Estate Websites:

Selling Real Estate Does Not Have To Be Difficult

December 29, 2012 by  
Filed under Ready for Real Estate ?

TIP! The more time you spend in any one residence, the more clutter you acquire. It can be hard for an owner to detach from the clutter because they’re used to it.

Property holdings usually represent a majority of your individual net worth. Once you decide to sell the property that you own, it is important to try and get the most profitable deal possible. If you get some good advice going in, there is more money to be made and less stress to be had.

TIP! Allow potential buyers to experience the house alone. If you follow them around, pointing out what you think is important, they won’t be able to focus on things they think are important.

Small investments, such as new paint, could aid in selling your property faster. To begin, take a stroll around your property looking for things that may not be considered aesthetically pleasing. You should also put away small appliances after you use them. While it may be more convenient to leave that toaster out, it can make your counter look cluttered and small.

TIP! Make your house more appealing by cleaning out clutter. Closets should not be packed full and they should be organized well and kept clean.

Make sure that all counter tops and appliances are sparkling. Sweep and mop the floors, and clean the bathroom. Ensure that your children haven’t left out any toys. Don’t have clothes on the floor, while dirty laundry should be moved to a less than obvious spot. When your home is clean, it will accentuate the positive aspects of your home to potential buyers.

TIP! Before putting your home on the market, assess how the selling process will impact your life. Get ready for all of the phone calls, time spent showing your property, and the flaky prospective buyers.

If you have your home on the market, get feedback from viewers each time you have an open home. You can either ask potential buyers to fill out a card or talk to you directly about their experiences. Give thought to any negative comments and make any necessary changes to decrease the amount of time the house sits on the market.

Potential Buyers

TIP! If you are a dog owner, you should consider keeping your dog outside as often as possible to help minimize the odor inside. Dogs are lovable creatures but they do cause an odor that you may gotten used to and don’t notice.

Though it may be tempting to stick around and talk to potential buyers of your home, it is usually not a good idea. A buyer won’t feel as comfortable if you are there. If people are around, it will be tougher for potential buyers to truly picture themselves and their family in the home by themselves. This could lead to missing out on a sale.

TIP! When you are ready to sit down with your agent to draw up a listing contract, think carefully about the selling price and the terms of the sale. You need to determine what fixed appliances, fixtures, landscaping items and decorations will stay with the home.

One particularly important marketing move today for real estate professionals is establishing a Twitter or Facebook page. Tweet and post information of interest to home and property seekers, such as real estate purchase tips, home improvement tips, new property listings, and coming promotions.

TIP! Sell your existing home before buying a new one if at all possible. Paying for two houses can be a huge burden you might not be able to handle.

If you have central heating/air in your home, you should have the system serviced before attempting to sell your home. Most buyers are not willing to make a huge investment for a new heating and cooling system after purchasing a piece of property.

TIP! Do not forget to clean any junk drawers and the cabinet located under the sink. Since buyers tend to look at all the small details in your house, you should see to it that you clean all the possible places that they could check.

Selling the property yourself is labor intensive and time-consuming. Whilst there are resources out there to help sellers carry out their own sale, often selling your own home means you lose money in the long run.

Real Estate

TIP! If any part of your home is unusable as is, you should think about completely remodeling it. Many inexperienced real estate investors spend way too much time and money on senseless remodels.

When you are selling your home, choose a Realtor wisely. Selling real estate is important, and there is a lot of money involved. Your agent should be trustworthy and know his business well. An experienced real estate agent will help ensure that you home is sold quickly and at the best price.

TIP! When staging or preparing your home for potential buyers to see, decorate the master bedroom in a way that is gender neutral. If it is too masculine it will leave the impression of being a bachelor’s pad.

The property market can be daunting, especially if you’re rarely involved in it. If you don’t know how to do it, putting property on the market can entail some risk. With some luck, you’ll be able to maximize your profits and minimize risks by following the advice in this article.

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Exceptional Real Estate Selling Advice From The Experts

November 12, 2012 by  
Filed under Ready for Real Estate ?

TIP! When it is time to show your home, open the curtains and let as much light in as possible. Potential buyers can see for themselves how bright the home is when the sun streams in.

It is very crucial that you are knowledgeable about selling real estate before you attempt to do it. There is so much information about real estate. Who actually has time to sort through it all to find the best information? In the following article, you will be able to find the most pertinent information to help you sell your home.

TIP! Before you list your home for sale, complete any major renovations or upgrades in advance. This will boost its general value.

Paint your house in neutral colors; this will allow potential buyers to project their own ideas onto the home and more easily picture themselves living in it. Create pleasant aromas by baking cookies and burning candles, and you can offer the potential buyers a treat as well. By providing a welcoming and comfortable atmosphere, your viewers could easily turn into buyers.

TIP! When attempting to sell a house, it’s important that you view your home as a piece of property that needs to earn money, rather than seeing it as a sentimental item you’re attached to emotionally. This allows you to be more realistic in your expectations and negotiations once you are ready to list it.

Maintaining your home even when you are considering selling that home is an important part of preserving the value of it. Many people selling homes put off ongoing maintenance of paint, landscaping, and other repairs, such as fixing leaking faucets to avoiding spending any money on a home that they are planning to leave. However, if these jobs are neglected, they will combine into an enormous amount of work that will have to be done before a home can be sold.

Real Estate

TIP! If pets live in your house, you might want to keep them outdoors to cut down on noticeable smells. You may not notice it, but odors can be caused by even the tiniest of dogs.

When putting your home up for sale, be choosy about which real estate agent you pick. You should know that your agent is experienced if you wan to buy or sell any real estate. An agent with a good reputation and solid credentials will help you navigate the process more smoothly, as well as demystify it for you while keeping your best interests at heart.

TIP! Housing markets are season-driven in many areas of the country. The fall is typically slower than the summer months, but your home can be more attractive to buyers if you decorate it for the season.

Anyone who wants to jump into the real estate market should understand that there is a substantial risk of losing quite a bit of money. A beginner normally learns the hard way about the downside of this topic. Before you invest any money, make sure your knowledge of the subject is good.

TIP! Lighting plays an important part in how buyers view your home. A well-lit room can look larger than it is and buyers will have the feeling that you do not want to hide damages from them.

People are reluctant to offer their home for sale during the winter. More buyers will be looking in spring, but your winter costs may make it inadvisable to wait till spring. You will be liable for the property taxes until your home is sold. Winter bills tend to be steeper. Therefore, holding property at this time can cost you much more than you’d make on it.

TIP! If at all possible, you should avoid arranging a move before you actually sell your house. Trying to juggle two house payments while you wait to sell your old house can drive you into bankruptcy.

Make sure that you try to find an agent who is in the middle of the price range. An agent who wants to sell your house at the highest price possible is not being realistic or is simply trying to attract more clients. On the flip side, an agent who undervalues your home will ensure you don’t get the returns you deserve.

TIP! Buyers will be more attracted to a house free of clutter. Closets should be dusted and contain only an organized assortment of essential items.

When you overprice your home you just waste time, because no one is going to buy it or even look at it and your reputation can go down because of this. If you set your home’s price too high outside of other prices in your area, potential buyers won’t even stop to look. Price your home reasonably at listing, and avoid time and trouble later.

TIP! Keep all information handy that a buyer may find helpful when purchasing a home. Give them the contact information for the contractors you have hired along with a description of their work.

Hopefully, you found some great advice in the above article. Just apply the information that fits your circumstances. Time invested in learning about the real estate arena will greatly improve your profit when you sell.

Related Real Estate Websites:

Stuck In A Rut? Get The Showing You Need With This Real Estate Advice

November 6, 2012 by  
Filed under Ready for Real Estate ?

TIP! A welcoming home is an inviting one. It will surely make a difference in the number of people who take a look at your home during showings.

When you are in real estate sales, you will find that there are many challenges that you will face and must overcome. Putting on a brave face through this is good, but keeping your edge is going to be hard without having the right mental knowledge and attitude. If you’re selling property, you should always be open to new tips and techniques, and the following paragraphs have some ideas you should think about.

TIP! If you can, sell your home before moving somewhere else. Paying for two houses can be a huge burden you might not be able to handle.

Pay close attention to the terms of sale and the sale price when you meet your agent to prepare the listing contract. You might want to throw in personal property, like appliances, to make the sale more attractive. You should also clearly note which items will be excluded from the sale. By taking care to be very transparent about what stays and what goes, you will avoid unpleasant misunderstandings.

TIP! Lots of people are frustrating by the amount of small tasks that must be done, including maintaining the lawn, doing paint work, and having to do small repairs. However, if you don’t keep these items up to date, it will all add up to one very big job before you can put the property on the market.

Avoid overpricing your property so you have more bargaining power. If you set your price comparatively higher than homes in the surrounding area, potential buyers may not give it even a second glance. Pricing your house within the market to begin with will save valuable time, and it will help you avoid disappointment as well.

TIP! Be prepared to negotiate your sale quickly, but also be ready for it to take a while. Keep an open mind and accept a fair offer if you want the home to sell quickly.

At the start of any real estate transaction, both sellers and buyers benefit greatly from setting goals. Buyers can temper their eagerness to make a purchase by setting specific expectations beforehand concerning the price they want to pay, as well as the location and features they wish the property to have. Sellers can set price floors in advance to avoid taking bad offers because they are desperate to sell the property.

Master Bedroom

TIP! When selling your home, you have let go of the emotional attachments you have to it and treat it like a product. Make it attractive to others.

Stage your home so that the bedrooms appeal to everyone. If your master bedroom has an overly masculine appearance, people will see your house as a bachelor pad. A master bedroom that is too feminine might turn off your male buyers. The bedrooms should be done tastefully and in a universally appealing manner. This will give your potential buyers time to envision themselves living there.

TIP! An often overlooked aspect when planning to place your home on the market is the landscaping. Few things are more off-putting than a weed-filled, unkempt front lawn.

Make sure that you put some effort into making your home look its best before showing it off to potential buyers. Clean the carpets, paint the walls, and retain a reputable cleaning service to deep clean your entire home. It’s worth it to make your home look inviting and attractive.

TIP! You need to seriously consider how the sale of your real estate is going to affect your life. Be ready to receive a lot of phone calls, deal with rude or flaky buyers, and spend a lot of time showing your property.

Be sure to be flexible and negotiate with your potential buyers when selling your home. You might not be able to get the exact price you want for your home. Ask your agent to help you set a reasonable price.

TIP! You are better off showing a clean yard to potential buyers than ones that are over-landscaped when you are selling your home. The people who buy your house may not have the same taste as you, and they could simply end up tearing everything out.

When you are trying to make you home attractive to others, you may want to limit the amount of time that that your dog spends inside the home. Keep in mind that even small dogs can have an odor that may be offensive to a someone that is not accustomed to dogs. If you haven’t employed adequate maintenance of the dog and their surroundings, your home may actually be smelly from a potential buyer’s perspective. Try using carpet freshener frequently so the odors are reduced. Even better, get your carpets cleaned professionally before you have any showings or open houses. Buyers will be impressed by clean homes that smell nice.

TIP! Adding extra scent to the home prior to it being viewed is an old wives tale that should not be utilized. The scent could be overwhelming to some potential buyers; some may even have allergies related to the scents.

The market is liable to change very quickly; even if you have a lot of experience, you might find yourself taken by surprise. The tips you just read, however, will help you sell ten times as many houses this year as you did last year.

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Your Questions About Real Estate

Charles asks…

What can go wrong with a short-sale after the seller has signed the purschase and sales agreement?

I made an offer on a short-sale home which the sellers agreed to without change. The offer (10,000 less than they were asking for) which is the max I’m pre-qualified for) is now on the way to the bank. My real estate agent says not to get to excited because I still might not get the house. I don’t really understand that. If the bank asks for the additional 10 grand I will give it to them. What else could happen that would prevent the house from being mine? I’m told that this bank reviews the papers within 30-45 days and closing is 30 days after that.
This house was bought in 2006 bfor 300,000. The sellers owe 230,000. It was put on the market more than 90 days ago. The listing price went from 230,000 to 210,000 to 200,000 to 195,000 during those 90 days. I was the only offer during that time and I made the offer the day the price dropped to 195K. My offer is 185K and I pay my closing costs. I am pre-approved for that amount and have excellent credit. I’m putting down 8K but if the bank counters I’ll put down a max of 18K bringing my offer to the asking price of 195K.
My offer expires in 45 days. After my offer was accepted by the seller the house is no longer listed and my agent told me that no other offers could be accepted and the house could no longer be shown. The house is in King County,
Washington State.
I gave my real estate agent an earnest money check for 1500.00 which has been put in escrow. She’s the one that said not to look at any more houses and that no more offers could be made on the house.
Taxable Value
Land $97,000
Additions $162,000
Total $259,000
Tax (2008) $2,807
There is only one lender involved and the lender has been in on the short sale from the beginning and is aware of the prices changes over the last 3 monthls. Also, the bank attempted to negotiate with the owners to save their home in January and the sellers declined. They just want out of the house.

The Expert answers:

This will be the first the bank heard about the asking price. They might want 50k more. The seller just wanted an offer to fight the foreclosure. You do not even have an accepted offer at this point.

Listen to your agent, keep looking.

The house can still be shown, an offers can still come in, until the bank accepts your offer there is no change in the status of the house.

Sandy asks…

can a buyer cancel a real estate contract after the seller has rescinded seller’s attorneys amendment?

We entered into a contract to sell our home. Our attorney reviewed the contract and added an amendment. Our attorney mailed the amendment at the last hour as he had been out of town. That same evening the buyer and agent were here for a home inspection and I advised the agent that our attorney had prepared an amendment and that it was no big deal. The agent demanded to see my copy and when she read it she freaked out that our atty wanted the closing contingent upon our being able to close on our new home on the same day. After agent spoke with buyer she stated that she the deal was off. As the sellers we told the agent that we were verbally rescinding amendment and that atty would be notified. The next am notified attorney who in turn notified agent that amendment had been rescinded and that original contract still in full force. Agent responded 2 hrs later that she was cancelling the contract on behalf of her client. The buyer has not retained an atty relying on agent.

The Expert answers:

For starters, your attorney was an idiot. He should know better than to do an amendment to an already signed legal agreement. That is about as stupid as it gets. I do not blame the agent for freaking out. On the other hand, if it was nothing more than a proposed amendment and neither party signed same, then the original contract remains in force. That agent is ALSO out of line. You need the services of a real estate attorney somewhat brighter than the one you are currently using.

Laura asks…

Anyone here in real estate?

Is is smart to purchase a home without an agent? My husband and I were thinking about purchasing our first house but we had not applied for a home loan yet, we just talked about it. We browsed the internet for listings and spent a couple of our evening driving the see the properties. At this point we were getting a feel for the prices in our area, and what we liked. We saw a house for sale by owner. We called and asked too see the inside. When we did, we both feel in love with it. We knew 100% that it was the house for us. We had applied for a home loan that morning and were waiting for the results but we knew we would get the loan, which we did.I called my mother and told her about the house and she advised me to make an offer so we didn’t loose it to someone else. We made an offer and the seller excepted but no money was exchanged and we did not draw up a contract. She told us she would get the paper work ready while we are waiting for the bank to review the proof of income we sent them, that usually takes a few days to verify.We know the house will have to e inspected and the bank will come and appraise the house. At this point should we still get an agent or is there anything else we should do before we sign anything or make it a done deal?


The Expert answers:

If you sign a contract that does not give you the right to “do anything” about the results of the inspection then what will you do? There are dozens of closing costs that can be paid by either buyer of seller-which are you going to agree to pay? When will you close and when will you take possession?

There are a lot of very important things that you and the seller have to agree on in the contract. Price is important but there are others.

If you hire an agent then part of the contract might be who is paying for the agent.

Since you have already decided on the house and already agreed on the price (and you have a desperate hope they are honorable and will not sell it to anyone else) then what I think you need more than anything is a very good real estate attorney- one that can help you negotiate the contract and make sure it is enforced.

Sandra asks…

Was your good faith estimate accurate?

I am working with both a real estate agent & a mortgage broker. I have found a house, put in an offer and it’s been accepted. I am doing an FHA for 3% down and am now being hit with a few “unexpected” fees-I’ve paid $1300 to the title co, $150 to the owners, $350-apprasial (tomorrow) & another $340 for a home inspection on Saturday. I have rec’d quotes for Ins and it’s twice what was est. on the GFE. In addition the sellers were supposed to pay my closing costs/prepaids and upon review I see the MAX the agent wrote in was up to $5000. The fees total over $6200 so it looks like I will be paying more than I exected at closing. I’m a little dissappointed that I had to figure this out on my own. Is this “normal”? Is there anything else I need to look out for? Could we have asked for more-enough to cover the fees? Should my agent or my broker have known the fees would be more than $5000 & listed a higher amount? Could they have? The offer was $134,500 incl. closing costs

The Expert answers:

If your original GFE was not even in the ballpark (i.e. The broker did not list some major items) and you still have time, comparison shop mortgage brokers and get 4-6 different GFE’s. Not all brokers are equal even though they want you to think so… Having said that, if your original GFE was somewhat close, then I wouldn’t sweat it because there is a reason why it is called an estimate… The broker doesn’t have the particulars and is just trying to give you an estimate of what your closing costs will be.


David asks…

Is this a good essay?

My summer vacation of 2007 was a unique and rewarding experience. Instead of wasting time lounging at home or going to the mall, I decided to enroll in Long and Foster’s real estate licensing course. I know it’s unusual for a college student to go to school during summer break, but becoming a real estate agent was a goal of mine for quite some time, and what better time to pursue my goal. Summer vacation allowed me enough time to study without the distractions of other classes. My parents introduced me to the business of real estate sales a few years prior, but it wasn’t until I got older that I became a lot more interested. Watching their success led me to believe that I too can be as successful as they are.
I was so excited about beginning my journey into the business of real estate sales, that I got my books weeks before class started and studied early. I was very nervous about starting class because I had no idea what to expect. The thought of being the youngest student in a class of forty year old professionals was not thrilling, and the fact that I was eighteen years old with the face of a thirteen year old wasn’t helping. Once again, my imagination got the best of me because my classmates were nothing like I envisioned. In actuality, my classmates were very diverse people of all ages and different education backgrounds. The course that I enrolled very fast paced, which made it more difficult. Class was held everyday from nine to five for a month, and we were assigned tons of homework and quizzes. Just as I hoped, class quickly came to a close, and before I knew it, it was time to take the final exam. There were two final exams that I had to pass. The first was on Maryland real estate laws, and the second on national real estate laws. Before testing, the professor allowed the class time to review and eat lunch. During my break I was smart not to think about the test because I didn’t want to confuse myself. I overheard everyone else quizzing each other, but I kept to myself. After lunch I was ready to get the exams over with. While testing, I had some anxiety at first, but I stayed focus and finished with about five minutes to spare. Once everyone finished testing, we were randomly called in our instructor’s office to see our results. I had no idea what to expect, but when I walked into the office, and saw the smile on the professor’s face I knew that I passed. I remember running out of her office so fast that I forgot my certificate and had to come back for it. I was glad to have passed because all my hard work paid off, but most importantly I never had to take the class again. When I left the class I couldn’t wait to tell my family the great news because I knew how proud they were going to be but most importantly, how proud I was of myself.
The real estate class was finally behind me, and I had more time to focus on the next set of exams that I needed to pass. The exams were administered by PSI and were twice as difficult Long and Foster’s exams. One thing I didn’t want to do was rush into taking the exams, so I decided to took a few more weeks to study. On testing day I woke early and arrived at the testing center early. I felt confident in passing because I studied persistently for weeks. Once again I was the youngest person in the room, and no one believed I was actually about to become a real estate agent. Now that everyone calmed down about how young I looked, I sat at the computer to test. My strategy was to answer the easy questions first and save the difficult ones for last. This was the strategy that I used on the previous exam that I passed. I was done, but sat at the computer for a couple minutes, took a breath and clicked submit. I walked out of the room to get my results, only to discover that I failed. For the rest of the day I walked around as if all my dreams of becoming a real estate agent have been shattered.
I did fail the exam that time, but my journey of becoming a successful real estate agent was far from over. If I truly desired to become a real estate, I needed to give it my all. First, I had to do was to organize my schedule in order to have more time to study. I sat out one semester of school and even cut my hours back at work. Secondly, I had to establish an effective study plan, which included enhanced flashcards and self made quizzes. As quickly as I began studying, the exam came quicker. I walked in the testing center with confidence, and completed the exam in less than two hours. When I exited the exam room I sat and waited for my results. In the beginning I though something was wrong because the computer with the results crashed. Eventually, the computer came back on and my results printed out. I couldn’t wait to see if I passed, and sure enough I did.
At the end of the day, I can truly say that this was my favorite summer vacation to this day. I didn’t engage in the typical activities that my peers did, but I still had a lot of fun. It was gratifying to ac

The Expert answers:

I think that this essay has the potential to be GREAT is it a Narrative?
There are a few issues that you should work on. It doesn’t have great flow. I suggest reading it out loud to yourself and see how you feel about it. Cut out the things that just don’t seem very important. Also make sure you are using the same tense through the entire essay.

Post this again after you make these few revisions and i bet it will be GREAT

Daniel asks…

Should you have an attorney to review a purchase contract on a home at closing?

My real estate agent‘s husband is a real estate attorney. We ended up consulting him for some issues we had with a purchase we almost made (on a different house, not the one we are now purchasing). He had mentioned we should use him when we get in contract again since we were looking at rural property and there can be issues with easements, wells, etc. It ended up we are buying a house with an acre but not super rural, no well or anything like that. Is there any reason I would need an attorney to review my purchase contract? Isn’t it all pretty standard? I hate to spend an extra $150 on top of the $300 I owe him if it’s not necessary.

The Expert answers:

First. The attorney advising you should not be the husband of your realtor. Period. End of that. That has conflict of interest written all over that.

Second. An attorney needs to write the Title Opinion before Closing in order to get Title Insurance. Go to your closing (abstract) company and get the name of a couple OTHER attorneys that they regularly use for real estate transactions.

Your realtor should be reviewing your contract, and that is what her commission is for, so her having you pay her hubby an extra fee is absurd.

Mandy asks…

Foreclosures in Los Angeles?

I am looking to buy a property but so far I have only managed to find Realtytrac and the reviews are not good, so I don’t want to pay for it.
I have searched for some real estate agents and they don’t seem to list any foreclosures.
Can someone recommend a company? I don’t live in LA so cannot go there in person to look. Thanks in advance

The Expert answers:


There is no magic list per se… I am a Real Estate Broker in Southern California and I represent quite a few investors buying foreclosures. Any Agent or Broker can set you up on emailed MLS listings with whatever criteria you are looking for. Unfortunately, probably will not set you up on listings without representation agreement.” In other words, they won’t send you listings unless they ar sure you will be using them to help you purchase the property. My clients and I buy Northern California as well, point being you will always want to view the property and do any inspections you see fit before you close escrow.
But to come back full circle, finding someone you would like to work with, agency wise, you will have lists sent daily with any and all criteria you desire

John asks…

How do I go about making a BAD REVIEW for a professional on Google??? This person was RUDE. Thanks =/…….?

This person is a Real Estate agent…I made an offer on a phone, verbally over the phone, for FULL PRICE…only I offered terms….25k down…at 12% interest….et etc….all due in 5 years…the lady was RUDE…I was EXTREMELYYYYYYYYYYYY KIND……..(Which does no good too often) and what did she say??…

in a rude voice…she says…”NO!” “NO!” “NO” “NO!”….hmmm…..after all of those “no’s”..I was taken aback…and stayed silent….for a few seconds…and then she said….”NO, They want ALL CASH” ….so anyways, I don’t know who she thinks she is….

but I would like to write a review on her…how do I go about doing this??? What I would PREFER…is for someone to look her name up….and then ‘there’ is my negative review….people shouldnt treat others the way she did. Thank you for your help…

The Expert answers:

Realize a few things:

1)The universe is inherently unfair, and DOES NOT REVOLVE AROUND YOU.

2)In your own words she is a professional. Terms go both ways, and a company has every right to reject offers you come up with. That doesn’t make them rude. I do my job by the book every day, does that make me a big meanie?

3)Crying is something that should be done by children, not grown adults who are capable of making financial decisions. Children are not allowed on Yahoo Q&A. This question is invalid.

I wonder what her side of the story is? I’m really curious now, especially since you want to go out of your way to discredit her without taking it up with her. :)

TLDR Version: you are physically and mentally unable to write a negative review at this time. Sorry!

Lizzie asks…

Is this a good Essay?

I just completed my first year of college, and summer vacation was right around the corner. I had no idea what activities to get involved in, but I didn’t want to spend my vacation going to the mall and lounging around the house as I have done the last few years. This summer was going to be different. I decided to enroll in a real estate licensing course which was taught at the Long and Foster Institute. I know it’s unusual for a college student to want to go to school during summer vacation, but becoming a real estate agent has been a goal of mine for quite some time. My parents introduced me to the business of real estate sales a few years prior and even allowed me to assist them in their business. Watching my parents’ success in real estate sales motivated me to pursue a career in the industry and led me to believe that I too can be as successful as they are.
I was already registered at the Long and Foster Institute and was ready to get started. I already anticipated that the class was going to be very difficult, so I requested my books in advanced to get a head start. Finally, the first day of class was here, but I had no idea what to expect. The thought of being the youngest student in a room full of forty year olds entered my mind. When I walked into the classroom, I discovered that assuming was never right. My imagination got the best of me because my classmates were nothing like I envisioned. In fact, my classmates were very diverse people, from different walks of life. Now that the nervous thoughts were at the back of my mind, it was time to down to business. My professor; Mrs. Billups was very strict. She was a successful realtor in the area and took everything about real estate very seriously. Class was held everyday from nine to five, and she made sure that we used every minute of that time. I had been attending class everyday for a month, but before I knew it, it was time to take the final exam. There were two final exams that I had to pass. The first was on Maryland real estate laws, and the second on national real estate laws. Before the test, the class was allowed to eat and review. I didn’t bring my books to class with me that day because I didn’t want to look at anything that would confuse me. While eating my lunch, I overhead study groups quizzing each other but I didn’t want to get involved in the discussion. Lunch was over and it was time to test. During the duration of the exams I had a little anxiety, but I remained calm under the pressure and finished with about five minutes to spare. Once everyone finished testing, Mrs. Billups randomly called everyone to see their results. I had no idea what to expect, but when I walked into the office, and saw the smile on her face I knew that I passed. I remember running out of her office so fast that I forgot my certificate and had to come back for it. At that moment, I was so proud of myself, and couldn’t wait to tell my parents the great news because I knew they were going to be as excited as I was.

I was finally done at the Long and Foster Institute, but there were two more exams that I needed to pass. These exams were administered by PSI, and determined if I was going to get licensed. With the class out of the way, I had more time to focus on passing the next exams. They were a lot difficult and required a lot of work to prepare for. After weeks of studying, I was registered to test at the testing center. I walked into the testing center and got ready to get started. My strategy was to answer the easy questions first and save the difficult ones for last. This was the strategy that I used on the previous exam that I passed. I was done, but sat at the computer for a couple minutes, took a breath and clicked submit. I walked out of the room to get my results, only to discover that I failed. For the rest of the day I walked around as if all my dreams of becoming a real estate agent have been shattered.
I did fail the exam that time, but my journey of becoming a successful real estate agent was far from over. I knew that I had to give it my all the second time around. From that moment on, I swore to study harder than before and not stop until my real estate license was in my hand. In order to study better, I needed to clear my schedule. I sat out the next semester of school and cut my hours back at work. The day of the exam, I walked into the testing center with more confidence and was very eager to start. I completed the exam in less than two hours, and rushed to get my results. At first, I though something was wrong because the computer that had my results crashed. Eventually, the computer came back on and my results printed out. I couldn’t wait to see if I passed, and sure enough I did.
At the end of the day, I can truly say that this was my favorite summer vacation to this day. I didn’t engage in the typical activities that my peers did, but I still had a lot of fun. It was gratifying to accomplish a goal that many people thought w

The Expert answers:

Great essay, but some spelling errors. Look for the mistakes, you’ll find them. There are a few.

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Your Questions About Real Estate

George asks…

Does anyone know what the salary is for a real estate agent, and an investor?

The Expert answers:

For Realtors: It really depends on the price of the house sold and the commission charged. Realtors work off commission. It’s like a “Pie”. In a typical transaction, say 6% is charged. It’s then split into 2 pieces and the two pieces go to the Brokers involved in the transaction and than depending on your Broker – they take theirs and you get your piece, how much ever that may be.

As for Investors: If you are working on your rehabs yourself, you can choose to pay yourself hourly or not. It’s what’s best for you. Most Investors who don’t work on thier Investments profit off the sale of the home.

Joseph asks…

Could you work for yourself as a real estate agent?

I was wondering if you could you work for yourself as a real estate agent and what the salary would typically be (the average). But if you didn’t work for yourself, what would be the typical salary then? Thanks! :D

The Expert answers:

You can sell your own properties, but you must be licensed to sell others.

Chris asks…

CAn Real Estate Agents be paid a salary and commission?

If the agent is a general real estate agent and the company that the agents represent wants to pay him/her salary and commission is it possible or legal

The Expert answers:

It is possible, it is legal and it is being done. Not too long ago I saw an ad for a real estate company offering a salary and a smaller commission. They also offered benefits. It was an interesting structure and they will find agents looking for this type of deal.

Mandy asks…

How much is te annual salary for a real estate agent?

I’m interested and I qualify but i can’t seem to find the annual salary for a real estate agent

The Expert answers:

I am not a real estate agent myself, but I believe there is no fixed annual salary, just commission. However, the commission could be very great. For example, if an agent sells a $500,000 home each month, he/she would get $150,000 annually (at 2.5% commission). It all depends on the market.

Mark asks…

Real Estate Agent – Salary and advice?

I have the opportunity to take some more schooling and I was wondering if anyone could give me some advice on the real estate path. How much do they make? and is it hard to get into?

The Expert answers:

Easy to enter, difficult to make money.

Compensation is based on commission from sales.

A decent year is $50,000 on average. Most make less, a few make lots more.

Donna asks…

What companies pay salary for real estate agents?

I am located in Pa & NJ.

The Expert answers:

Remax…depends on local realty son

Paul asks…

What kind of degree would be best for a real estate agent?

- I know a degree isn’t necessarily needed, but what would be best?
- What is a beginning salary like for a real estate agent?

The Expert answers:

You don’t need a degree, but one in business would be best.

There is NO salary for a real estate agent. You need to have plenty of money up front, and I would recommend at least 6 months personal and business expenses in the bank. A real estate agent gets paid ONLY when a property closes and you get paid a commission. All of your expenses, advertising, office fees, car expenses, etc. Come out of that. You are running your own business as an independent contractor.

Thomas asks…

i would think that once working as a real estate agent that there would be a base salary?

not counting the number of houses being sold. correct?

The Expert answers:

Incorrect. Who would be paying the base? With no income there is no way to pay agents. Agents are in full control of their income, it is as much or as little as they wish, but strictly that, you are only paid if you can perform.

Michael asks…

approximately how long does it take to become a Real Estate Agent?

In other words I would like to know if a BA is needed or an Associates degree is valid and as I asked above how long do I have to end up going to college to become a Real Estate Agent? Also what is the salary range?

The Expert answers:

No degree is required to be an agent. Here in NH they require a 40 hour pre-license course and you have to pass a test. 140 multiple choice questions. 100 on the national portion 40 for the state. The pay is straight commission; no salary, no benefits. There are only a couple positions in an office which get a regular check, the office coordinator, accountant, and office manager. Otherwise it’s no sell…no pay

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Your Questions About Real Estate

Susan asks…

Why are real estate values not collapsing in New York, Miami, and Los Angles?

It would seem logical that if the oceans are going to rise several feet, investments in these cities would be stupid.

The Expert answers:

(1) Because the ocean is rising slow enough that only properties very near the shore will be affected over the next several decades.
(2) Real estate values have been dropping dramatically in all those places for other reasons.

Betty asks…

Which cities in the USA have rising real estate values today?

May be related to job growth?

The Expert answers:

Tough question to answer as there has to be pockets of rising real estate values somewhere, but probably not very many. That said, you must have an idea of where you want to live. Once that is decided, you can try www.zillow.com for property values in that area, or www.craigslist for what rents are in that area. If you are going blind to an area, be careful–agents are pretty hungry and may feed you a line without you being aware of it. Try maybe moving to an area you want and renting for six months to get a feel for everything before you buy. Good luck!

Mark asks…

How much have real estate values changed over the last three years in the Lawrence, Ks. area?

The Expert answers:

Some areas were affected more so than other areas. You should consult with a local real estate agent or mortgage broker to get a better grasp of the local prices and the effect that has taken place over the last few years or so.

An appraiser might also be of some help if you know one that is in your area you might ask him of any affect negatively or positively.

I hope this has been of some benefit to you, good luck.


Steven asks…

Do real estate values generally increase around a newly built mall?

A mall is being a built 2 blocks from my apartment building. How will that affect the price of my home?
I own my apartment.

The Expert answers:

It depends on exactly how close the mall is to your home. Generally, apartment community rent goes up when near a mall. Owning a house could increase the value if the mall is planned correctly to meet the needs of the neighborhood. Meaning that traffic is not too congestive and the mall does not become a hang out for teenagers or gang members.

James asks…

How, where can I get info re: Smithtown, Long Island, NY residential real estate values for March 1988?

The Expert answers:

Your best bet would be from a local realtor. If they don’t have or won’t give you the information, you should check your local library. Ask at the reference desk what you’re looking for and they will direct you to what they have, plus they can usually get books from other libraries if need be.

Sandy asks…

How disgusted are you that real estate values keep climbing while wages remain stagnant?

The Expert answers:

This is a great question and quite frankly, a grave concern. America is truly spinning out of control. Prices cannot continue to raise the way that they do, while wages raising at less than half the rate of real estate.

My honest opinion….taking the national debt into consideration, that we can thank Mr. Bush for making even bigger (yes, I am a republican). Taking into account the fact that the average household has credit card debt in excess of $10,000.00 and many other issues, I think that we are in some deep, deep trouble. I don’t think that we will ever recover from this and I truly think that the downfall of America will absolutely be due to money.

Linda asks…

do you think real estate values will go up or down within the next year or two?

within a year or two? 5 years? 10 years? what is your prediction?

The Expert answers:

One and two family homes will bottom out in 2009. But multifamily will continue rising. Commercial and industrial will ease off slightly. In five years one and two family homes will have begun recovering from the low of 2009. Multifamily will still be on the upswing. Commercial and industrial will crash. Ten years out? Who knows.–That is as good as any other curbstone opinion.

George asks…

How’ll obama’s “deficit reduction” panel’s plan to eliminate the Mortgage Deduction affect real estate values?

The Expert answers:

Real estate values are so over inflated now it will never get back down to where they should be.

Thank you Jimmy Carter and your CRA plan of loaning money to people who could not pay it back.


Lisa asks…

How can I find land or real estate values?

The Expert answers:

Go to the City Hall in the City that you are interested in and they will find the information you need.

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The Millionaire Real Estate Agent: It’s Not About the Money…

March 8, 2010 by  
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The Millionaire Real Estate Agent: It's Not About the Money...It's About Being the Best You Can Be!


“Keller presents the million-dollar benchmark as a symbol of excellence, rather than a monument to materialism.” — Chris Leporni, Realtor Magazine”The Millionaire Real Estate Agent is the step-by-step handbook for seeking excellence in your profession and your life.” — Mark Victor Hansen, Co-creator #1 New York Times best-selling series Chicken Soup for the Soul(R) and Co-author, The One Minute Millionaire”This book presents a new paradigm for real estate and should be required reading for real estate professionals everywhere.” — Robert T. Kiyosaki, New York Times best-selling author of Rich Dad, Poor Dad
–This text refers to an alternate


Anyone who wants to turn their real estate practice into a highly successful business must understand the fundamental models that drive the best real estate agents in the industry. In The Millionaire Real Estate Agent these models are revealed and explained. This book represents (more…)

The Real Book of Real Estate: Real Experts. Real Stories. Real Life. (Paperback)

March 8, 2010 by  
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The Real Book of Real Estate: Real Experts. Real Stories. Real Life.

From Publishers Weekly

Kiyosaki draws upon the counsel of 21 of his closest big business pals to prepare his audience to properly assess property values, locate foreclosures, lower taxes and even find hidden investment opportunities. The book couldn’t come at a more appropriate time, given the rising number of home foreclosures, and luckily seasoned narrators Jim Bond, Sandra Burr and Bruce Reizen make listening an enjoyable and personable experience. Many such guides fail to reach listeners because of their less than inspired narrations; this talented cast not only injects life into their respective readings, but also manage to get the point across without sounding the least bit robotic. A Vanguard paperback (Reviews, May 25). (May) Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
–This text refers to the

Audio CD


“If you want all insider wisdom on how to personally get and STAY ri (more…)

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