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Real Estate?

March 17, 2009 by · 2 Comments 

Trice P asked:

Im a 22 yr old African American female from Tennessee planning to take real estate classes in the fall. I plan to go into the field and succede either way but just wanted to know some success tips from established agents, brokers, lenders, or anyone having to do with the real estate world. Also, willing to travel.

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Which real estate companies are best for new agents?

March 16, 2009 by · 4 Comments 

Ryan 1 asked:


I’m planning on getting my real estate agents license in the next few weeks. I’ve heard that Century 21 and some other companies have their own courses. Is it better to attend their course or just a regular local real estate school. Also what companies are good for new agents.

Any advice you can give is appreciated! Thanks!

Oh and I’ll be getting my license in Tenessee.

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What can a real estate agent and broker require you to sign in a real estate deal?

March 16, 2009 by · 4 Comments 

Lisa L asked:


I am in escrow on some property in which the seller and his real estate agent were not very forthcoming in their disclosure statements. Through a third party I found out some things about the property that are detriments (such as occassional flooding) but I am willing to overlook them and still purchase the property. I have released all my contingencies and we have a close date set.

My real estate agent happened to tell the seller’s real estate agent that we found out some of these things on the property – most importantly about the flooding – and now the selling real estate agent wants me to sign a bunch of documents listing out what I found out as if she had told me about them. I don’t want to do it – it took considerable effort for me to uncover these issues and I have already signed off on contingencies. I don’t think I need to also let her off the hook as if she had disclosed these things to me – she did not. Can the realtor force me to sign these?
I am asking if a real estate agent can legally force me to sign informal and misleading documents in order to progress with the purchase? The seller and I have already signed all legal documents as outlined in our legal contract.

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Benefits of Home Staging? Stager Puts Skeptic to the Challenge – Home Sells in 2 Days

March 16, 2009 by · Leave a Comment 

“Staged home sell faster and for more money,” says Barb Schwartz, the creator of home staging and owner of one of the largest home staging accreditation programs in the country, Stagedhomes. With the growing popularity of hit HGTV shows like Designed to Sell, Get it Sold, and Secrets that Sell, home staging has become one of the most popular marketing tools in real estate today and in some areas it’s as expected as receiving a home inspection. Home staging is preparing a home for the real estate market by making all necessary repairs and creating a neutral environment that anyone can visualize living in. This is achieved using techniques such as decluttering, furniture rearrangement, color correction, careful accessorizing, and highlighting a home’s best assets and architectural features.

Stagers believe no seller should sell their home before staging it and provide some interesting facts and statistics to back up their claims.

1. A 2007 survey of Accredited Staging Professionals by training company StagedHomes found that 94% of staged homes sold on average in one month or less. Homes that were staged spent 80% less time on the market than those that were not staged. It should also be considered that market, location, price, and condition all play a role in the successful sale of a home and these statistics would reflect a not only carefully planned staging but also strong pricing.

2. Only 10% of buyers can visualize the potential of a home, according to Home Staging Resource, another large home staging training program. That means 90% of buyers cannot visualize size and scale. They need furnishings in place to give them a frame of reference.

3. It’s easier for Realtors to show and sell their buyers a staged home because they know the property will be in pristine condition. Realtors are often more prone to attend broker open houses because staging creates a buzz and excitement in the industry. Thus increasing showings.

4. Professional Staging attracts the eye and creates a psychological appeal that draws buyers away from the negatives of a home and puts the focus on the positives.

5. Pictures and virtual tours are more enticing when staged. Powerful pictures will attract more buyers to a home when placed on the MLS and Realtor.com.

6. Staged home often appraise at a higher value. A 2007 HomeGain survey of 2,000 practitioners found that the return of investment from home staging was as much as 343%.

7. Providing a professional and objective eye, home stagers can tell a seller what will appeal to the current market and make suggestions such as remove grandma’s pottery collection so that sellers will notice what they are buying, not what a seller isn’t selling.

8. By neutralizing a property, buyers can visualize themselves living in a home, rather than the current owners.

Some skeptics, like Ana Zawadzki, believe a home can sell itself. “If a buyer likes the home enough,” says Zawadzki, “They’ll buy it no matter what it looks like.” Despite skepticism, the Zawadzki’s allowed Simplicity Home Staging & Design to help them stage their home. When their home had an offer the second day on the market, the family was convinced, “Staging really works.”

Home staging is not decorating or interior design. Though some of the same design principals are used, the objectives are actually the opposite. Designers are personalizing a space while stagers are depersonalizing and neutralizing to help a home appeal to any buyer. Buyers considering staging their home, should consider consulting with a professional home stager who can guide them with the proper techniques to help their home look its best for a sale.



By: Darlene White

About the Author:

Darlene White is an Accredited Staging Professional and owner of Simplicity Home Staging & Design, a home staging firm that specializes in northern New Jersey homes. She is also a jounalist and the staging correspondent for Final Hunt Real Estate Showcase DVD Magazine, with a featured segment entitled “Staging to Sell.”

Darlene has staged numerous homes some of which have received offers before they could be entered into the MLS.

She can be reached at 862-268-0514 by the web at simplicityhomestaging.com or via email at info@simplicityhomestaging.com



Charlotte Foreclosure Challenges

How do you start a real estate holding company and a real estate development company, can I combine the 2?

March 15, 2009 by · 1 Comment 

Bdd asked:


I am 14 and when I get older I would like to start a real estate holding company LLC and a real estate development company LLC. How much money would I need to start one? With the real estate holding company do I get capital gains? Also I would like it to be publicly traded. So what is the best way to go about doing this?

Charlotte Foreclosure Challenges

Can a real estate broker and a lawyer start a real estate company together?

March 15, 2009 by · 1 Comment 

realreynolds asked:


My fiance is considering becoming licensed to sell real estate. I am a first year law student. I have learned a little about real estate transactions and how they work. I understand the roles of both the broker and the attorney, but I”m wondering if my husband-to-be and I will be able to use our skills together to start our own business. Will I have to have a separate practice, or can the real estate lawyer be a part of the broker”s company?

CharlotteForeclosureSolutions.com

How can I become a real estate agent in NC?

March 15, 2009 by · 4 Comments 

Linda704 asked:


1. What do I need to do to become a real estate agent in Charlotte, NC?
2. What classes do I need to take?
3. Where can I study to become a real estate agent in Charlotte, NC?
4. What are the requirements?
5. Any other information I need to know about becoming a real estate agent?

Bee Home Solutions

Are there any approved real estate schools on the internet?

March 15, 2009 by · 1 Comment 

Malia S asked:


In my state, to get a real estate salesperson license you must complete 90 classroom hours of approved real estate courses. Can those Yhteensa valikoimista loytyy liki 100 pelia, joten jokainen kasinopeli jonka osaa nimeta, loytyy melkoisella varmuudella joukosta. hours be done in an online school? In other words, are there any approved real estate schools on the internet?

How much will a real estate liquidation company mark down a property each month?

March 15, 2009 by · 1 Comment 

opienzip asked:


I”m interested in a property that went into foreclosure and is now being sold by a real estate liquidation company. Supposedly, they will systematically drop the price until it sells. If true, how much will the price drop each month? Is there a standard formula for real estate liquidation?

Charlotte Foreclosure Challenges

First Time Home Buyer? Hip, Hip Hooray for Thda!

March 12, 2009 by · Leave a Comment 

Kristin Abouelata – Home Loans asked:


"In order to promote the production of more affordable new housing units for very low, low and moderate income individuals and families in the state, to promote the preservation and rehabilitation of existing housing units for such persons, and to bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units…"

Many times, people have heard of THDA and are confused, thinking that THDA is a certain loan type. In fact, it’s lending agency. All THDA mortgages must be insured by private mortgage insurance, FHA, VA or RECD And as these loans are intended for low to moderate income families or individuals, there is a income limit and acquisition cost limit. Also, you must be a first time homebuyer unless your home is in a targeted area.

Why is THDA so fantastic for a first time homebuyer? Well, it comes down to money. THDA offers a below market rate and will allow up to 100% financing. Have you been reading the papers lately? It’s not so easy to find 100% financing these days. Unless, that is, you’re a first time homebuyer. It also has programs that allow for down payment assistance via grants from certain approved agencies (if your loan type requires a down payment). If you have satisfactory credit and the home you wish to buy meets THDA’s standards, then you’re in business.

All THDA mortgages are 30 year fixed rate loans, so you needn’t worry about finding yourself with an ARM loan (adjustable rate mortgage) and a new payment you can’t afford in 3 years. And THDA allows lenders to only charge customers a standard 1% origination and .25% discount fee. It also closely monitors fees associated with the loan. THDA really looks out for the best interest of the first time homebuyer. If you are eligible for a THDA loan, you can feel pretty certain that an unscrupulous lender can’t take advantage of you because THDA won’t let them. For so many people, buying a home is pretty intimidating. THDA takes away the uncertainties a buyer faces with its guidelines and lending practices.

If you do apply for a THDA loan, be prepared to document your credit worthiness. THDA loans require slightly more documentation than your average loans because of the uniqueness of its product. In order to offer more, THDA asks for more – ensuring you qualify for its pretty awesome program. Sounds like a fair trade, if you ask me.

What are the disadvantages of a THDA loan? Not many. They do have a federal recapture tax if you sell your home within the first nine years of owning it. But it sounds scarier than it really is. I’ve heard that only about 1% of THDA customers actually pay this tax. That’s because a bunch of really great things have to happen to you in order for it to actually apply to you. And if those great things happen to you, paying the recapture tax won’t matter much to you anyway. I’ve been in the business for 16 years and have only heard of one person actually having to pay one. He graduated from medical school and his income when through the roof. His property was sold above market value than for the area because it was adjacent to some property that a huge retailer wanted to purchase. Again, good things have to happen to pay the recapture tax. So, you shouldn’t be afraid of it.

More people need to hear about and take advantage of the THDA loan programs. It’s such a great product and really helps the community and the housing industry. If you’re a first time homebuyer or think you’re in a targeted area, make sure you ask about THDA to see if you would qualify for a loan. You won’t regret it!



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