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Brenda & David Wakeman's Blog

By Brenda & David Wakeman | Agent in Strongsville, OH
  • Change is Good

    Posted Under: General Area  |  March 22, 2009 8:43 AM  |  1,396 views  |  No comments

    Recently we learned that our RE/MAX broker was downsizing and moving his entire operation to Broadview Hts.  This was a concern to us and we tried for several weeks to resolve this issue.  Our business is based in Strongsville and we serve the Strongsville, Berea, North Royalton, Brunswick and Medina communities.  While we were not looking to make a change and we wre happy with Re/MAX, we found that in orer to provide the highest level of preofessional support to our clients, we needed to make a change to continue to have our base of operations in Strongsville. 

    With that being said: we are proud to announce our move to Keller Williams Realty and the Greater Cleveland Southwest office.  It was a very difficult decision to make a change, but once we met with David Best, the Broker, at Keller Williams and discussed our business and how the Brokerage could provide us and our clients with additional value, we were convinced that this move was the right decision for both our business and our clients. 

    Keller Williams Realty is the third largest Brokerage in North America.  Keller Williams Realty prides themselves on education first and foremost.

    As many of you know, we are education based and spend thousands of dollars and hundreds of hours each and every year making sure that we are on the leading edge of the industry.  It is this commitment to education that permits us to be successful for you in any market and especially in todays market.  We will continue to strive to bring new ideas and technologies to our business, providing you our clients with the most comprehensive, forward thinking, professional approach to your real estate needs.

    We look forward to working with you and your family, friends, business associates and aquaintances now and in the future.

    Remember, we are never to busy for your referrals!!

  • Why should I consider getting pre-approved before buying a home?

    Posted Under: Home Buying  |  January 16, 2009 12:52 PM  |  1,458 views  |  No comments

    Years ago, buyers didn’t worry about financing their home purchase until after they found the home they wanted to buy.  Once they had an accepted offer, they’d shop around for a week or so and then submit a loan application.

    With the recent changes in lending, it is important that you have a complete understanding of how much home you can afford, what out of pocket money is required and what the terms and conditions are for writing an offer on the home you choose.

    To be able to complete the transaction, buyers are now getting pre-approved for a mortgage before starting their search for that perfect home.  This way, the buyer is seen as viable to the seller, has greater influence in negotiating a purchase price, and can act quickly when they find a home they really love.  A pre-approved homebuyer is considered almost as strong as a cash buyer.

    There are two parts to mortgage approval:  1) approval of the borrower, and 2) approval of the property.  Mortgage pre-approval is a process whereby the borrower is approved for a specific mortgage amount.  The approval is usually good for a period of time.  A property approval is one with a satisfactory appraisal and a clear title report.  Final mortgage approval also requires a purchase agreement that is signed by the buyer and the seller.

    If you’d like free advice on getting the very best financing for your home, or how to get pre-approved for a mortgage (or even refinancing or a home equity loan), please email us at: david@wakemanrealtors.com

  • Selling in Today's Market

    Posted Under: Home Selling  |  January 9, 2009 1:37 PM  |  1,428 views  |  1 comment

    With the onslaught of negative news coming from the Media, the Real Estate community and the government, people are under the impression that homes aren't selling.  This is completely untrue. 

    If you will follow some basic advice, you stand a very good chance of selling your home even in this current market. As has been mentioned in countless other blogs, home preparation is critical for selling quickly and for top dollar.

    Buyers may love a specific home, but if they perceive that the price is too high, they typically assume the seller is over-optimistic and will not come down to a reasonable price.  As a result, they will rule your property out without ever going to see it.  There are just too many homes to choose from, so they will discount it on the Internet.

    So how do you price your home to sell?

    1.   Have your Realtor prepare a Realistic and detailed market analysis.  Consider all homes on the market in your area, not just "the chosen few" that you want to see.

    2.   Run the trends from your area. Usually your local MLS will provide your Realtor with extensive data. Trulia.com is now also providing comprehensive market data and trends that are market specific.

    3.   Price your home to lead the current market. In a decreasing market, it must be priced BELOW the previous comparable sale or active listing.

    Need to sell your home, but won’t get enough to pay off the loans? Then be honest with yourself and get a short sale specialist to help. Although aggressively setting the price is the highest obstacle sellers encounter when selling their home, in the end it is the one action that will reap the highest possible dividend.


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