I know someone who owns investment renatal properties, as I do. Â One day,his business partner went to the building to collect rent. Â He was shot and killed.
Between 2003 and 2009, a staggering average of 75 real estate agents have been murdered every year. Â It's getting better. Â 2010 was 23 and 2011 was 30. Â April of 2011, it was a 27 year old agent, alone in an Open House in Iowa.
Selling your home For Sale By Owner? Â You run the same risk if you are alone. Â And your children are placed at risk too. Â I've met with too many FSBOs who are lovely young women with an infant and they'll admit to opening the door to anyone who calls and says they are interested to see the home. Â Really? Â Is that worth it?
When I do an Open House, I am alert and aware. Â I always know where my exits are (and they are unlocked), Â I have pepper spray with me, I've trained for over 10 years in the martial arts, and I know how to run. Â The best fight is the one that doesn't need to happen.
Key rules: Â
Never turn your back on a visitorÂ
Never put yourself in a position where you are cornered with no escape
Never go up or down the stairs first (I always say, "After you, I've already seen the house, I want you to have the experience." Â They laugh and go first)
Never go in the basement unless there is an easy exit
Never be without your cell phone
Never wear shoes you cannot run in
If you have any other key rules, feel free to add them and stay safe out there! Â
Did you know that PMI is DEDUCTIBLE this year???? Â If you want more information that will help you to buy your home, contact me. Â My team is incredible in their knowledge base!
If you are considering selling your home, do you know how today's market differs from last year? Â Two years ago? Â You may know the comps in your area, but what is the trend? Â What's the absorption rate? Â Where is it going? Â Is inventory up or down? Â What will that do to prices?
And if you are in the market to buy, hold on to your hat because some areas have already swung to Seller Markets! Â So you'd best be moving quickly!
The graph will show you the trend. Â If you want more information about how to interpret the market, call me!
You will need a mortgage pre approval unless you are an all cash buyer. Â So what will you need to get that pre approval?
- Copies of your 2011 & 2012 tax returns as wellas W2 or 1099s
- Copies of one month+ pays stubs
- Copies of driver's license and social security cards or driver's license and passport
- Copies of past 2 months bank statements showing funds to be used for purchase as well as a "cushion"
- Copy of divorce decree and property settlement agreement if applicable
- All contracts relating to the sale and purchase of real estate signed by all parties (later)
If you need the name of exceptional mortgage brokers, call me for recommendations. Â I work with a top team of specialists so that I get my clients to the closing table with smiles on their faces!
It's a changing market. Â The scales have been tipped. Â Inventory is down 50% from two years ago. Â The absorption rate (how long it would take a home to sell if no more homes came on the market) is approximately 6 months making it a "balanced" market. Â I'm having and seeing multiple bid offers coming in. Â
Do you know what this means for you as a Buyer?
Do you know what this means for you as a Seller?
It means NOW is the time to buy or sell. This is not the same market of a year ago or seven years ago. Â If you want to learn details about the market trend and how to prepare for it, contact me today.Â