Monthly Archives: December 2014

  • What You Don’t Know About Your Credit Score is Costing You Money

    When was the last time that you checked your credit score?

    If you’re like most Americans today, it’s probably been a while and what you don’t know about your credit report is likely costing you money!

    Working through all of the negotiations that are necessary to reach a sales agreement on the house you want to buy can be very overwhelming, and that’s just the start.

  • 14,410 Homes Sell Every Day in the United States

    If your home has been on the market for more than six months, you are probably starting to wonder why it isn’t selling. For many sellers, this is the perfect opportunity to blame the economy or your local real estate market.

    However, in most cases, this is simply not the reason that the house is not selling. 

    In a recent Existing Home Sales Report1 from the National Association of Realtors, the annual home sales are listed at 5.26 million homes. In order to put that number into perspective, let’s divide it by 365 days in a year and we will find that there are 14,410 homes sold every day in the United States. 

    With all of these homes selling across the country, blaming the economy or the local market is never going to be a strong argument. It is far more likely that you have made one or more common mistakes pricing your home. Fortunately, this is something we can control and correct in order to get your house sold!

    Here are five of the most common pricing mistakes that prevent homes from selling in a timely manner:

  • Auctions: Love Them or Hate Them

    Remember that kid in high school that none of your friends liked, so you weren’t supposed to like them either? Instead of getting to know them and making your own assessment, you just went along with the crowd in condemning that kid as an unlikable person. Auctions are like that.

    But that was then, and this is now. In today’s market, auctions are typically used at the extreme ends of the spectrum: distressed properties, and ultra-luxury homes. Most agents don’t get to play in the ultra-luxury market, so I’ll discuss distressed properties.

    There are three types of distressed residential property auctions: foreclosure sales, occupied real estate owned (REO) sales, and vacant REO sales. For the most part, the bidders at these auctions are individual and institutional investors. However, in a recent survey by, it was found that 15% of their registered bidders were trying to buy a home to live in. 

  • Reaching Out To Millennial Buyers

    Reaching this target demographic is a challenge that many real estate agents must tackle today. Although the millennial cohort (those between 18 and 34 years old) has been slow to enter the homeownership realm — not surprising considering the state of the market as they came into adulthood — there are signs that millennials are still working toward homeownership.