Does Credit Repair For Homebuyers Really Exist?

Posted on May 15, 2013 Written by Leave a Comment

I have long advised my friends and customers to consider working with a company that provides credit repair for homebuyers.

With the thousands of closings of short sales in Tallahassee over the past few years, there is a huge back-log of people who historically had great credit but now are dealing with below-average credit scores. The Tallahassee real estate market needs solutions, and I get a lot of questions these days about how to fix a poor credit score.

But the question that I most often hear when I recommend using a company that provides credit repair for homebuyers is … “do they work?”

Well, I’m not sure.

So I have decided to perform a real, live case study that will report on a client of mine (name hidden) who is attempting to repair credit that was destroyed through tough financial times and a short sale several years ago!

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Filed Under: Glossary of Real Estate Terms, Mortgage / Finance Tagged: , , , , ,

Real Estate Market Cycles Explained

Posted on May 13, 2013 Written by Leave a Comment

Real estate market cycles come, and real estate market cycles go, but are you curious at all about how to use an understanding of current market conditions to make money in real estate investing?

I have been discussing the formation of a real estate hedge fund (or reit) with investors for the past few years, and we all finally agree that times are very favorable for growing positions in residential real estate holdings. This conclusion was not a “gut feel,” rather it was determined through the scrutiny of real estate supply and demand and the current phase of the housing market cycle.

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Filed Under: Glossary of Real Estate Terms Tagged: , , , , , , ,

Latest Reading From The Housing Market Barometer

Posted on April 4, 2013 Written by Leave a Comment

Wouldn’t it be nice to have a housing market barometer that would provide us with an expected trend for home sales?

Several years ago I attempted to create one and called it the Manausa Housing Herd Barometer, and here is how and why it works:

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Filed Under: Glossary of Real Estate Terms, Housing Market Conditions Tagged: , , , , ,

What Comparable Sales Really Mean In Home Valuation

Posted on March 20, 2013 Written by Leave a Comment

When you decide to sell a home, the real estate agent you speak with will often refer to comparable sales when discussing the value of your house.

While common sense might lead you to understand that comparable sales are homes for sale or those that have sold which are similar to yours, there is a deeper level of comprehension that even most real estate agents do not understand.

It is this understanding that will help you correctly price your home to get the highest price possible in the shortest period of time.

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Filed Under: Glossary of Real Estate Terms Tagged: , , , , , , , ,

When Does An Offer On A Home Become A Contract?

Posted on March 8, 2013 Written by 1 Comment

If you want an offer on a home to become a valid real estate contract, you must understand the important concept of communication.

While I’m not an attorney, I do have some experience with real estate contracts that I have gained over the past 22 years.

That experience came into play yesterday, and I think it worthy of a blog post to help people who want to buy a home or sell a home understand the importance of “attention to detail”. And timeliness on all things written. And the importance of communication.

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Filed Under: Advice: Real Estate, Glossary of Real Estate Terms Tagged: , , , , ,

Bring Me An Offer, I Want To Sell My Home

Posted on March 6, 2013 Written by 2 Comments

Back in the old days, when bread wasn’t pre-sliced and dinosaurs roamed the earth, somebody who was serious about getting a home sold would advertise “Bring Me An Offer!”

You can still see this habit practiced today in many industries, almost always when an amateur (think e-bay or Craigslist) is trying to sell something on his or her own.

But the way that people buy a home today make this outdated method useless, and it is time to say goodbye to the old standby.

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Filed Under: Advice: Real Estate, Glossary of Real Estate Terms Tagged: , , , , ,

Introducing A Better Property Search Tool

Posted on February 27, 2013 Written by Leave a Comment

Last month we announced the exciting changes being made to our real estate website, and the most exciting of all will be the enhancements to our property search tool.

Our current Property Search Tool is used by more than 800 people each day, making it the most popular way to find homes for sale in Tallahassee.

But we’ve been listening to feedback on how to make it better, and that is what we’re doing!
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Filed Under: Glossary of Real Estate Terms Tagged: , , , ,

Why Home Sellers Pay Buyer Closing Costs

Posted on February 26, 2013 Written by Leave a Comment

A common question that we receive from home sellers relates to the structure of a real estate offer and whether or not they should “have to” pay buyer closing costs.

At first blush, why the heck would a home seller agree to pay thousands of dollars on behalf of a buyer, it does not seem fair or right, right?

But when you consider what is really happening, home sellers who are willing to pay buyer closing costs are likely to net more money from the sale of their homes than sellers who do not.

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Filed Under: Advice: Real Estate, Glossary of Real Estate Terms Tagged: , ,

Creating A Better Real Estate Website With Thesis 2

Posted on January 23, 2013 Written by 2 Comments

It’s time for this real estate website to be reborn.

The framework underneath the Tallahassee Real Estate Website was conceived and built in 2009, when I had a mere three years experience in blogging and internet marketing.

The Thesis Theme has served us well, but technology evolves. The makers of Thesis Theme for WordPress have launched and updated Thesis 2, and it contains so many powerful features for a real estate website that it is time to evolve.

Whether you are buying or selling a home in Tallahassee, you are going to love what a Thesis 2 enabled real estate website will do for you!

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Filed Under: Blogging Real Estate, Glossary of Real Estate Terms Tagged: , , , , , , , , , ,

What Is The Definition Of Distressed Property?

Posted on January 18, 2013 Written by Leave a Comment

Long time readers of the Tallahassee Real Estate Blog know that we love questions from readers, and today’s post is geared to answering one about the definition of distressed property.

Reader questions are so valuable because it gives us the guidance that we need to focus on issues that are most relevant to people selling a home in Tallahassee and buying a home in Tallahassee today. So please keep them coming!

Now, back to a timely question about the definition of distressed property …

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Filed Under: Glossary of Real Estate Terms Tagged: , , , , , , ,
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