Here's the third installment of our "7 Habits" series, following up 7 Habits of Highly Effective Home Buyers and 7 Habits of Highly Effective Home Sellers. What, you didn't know this was a series? Yeah, me either until about 10 minutes ago... Here we'll explore seven habits that highly effective real estate agents practice. In an act of shameless self-promotion, we'll throw in that if you are a Phoenix home buyer or seller, you need to only call Thompson's Realty to find an agent that … [Read more...]
Specifying a Lender. Steering? Illegal? Or just Stupid?
There was a "featured" post on Active Rain (a real estate blogging platform) today that discussed real estate listing agents placing certain requirements into the Multiple Listing Service (MLS). The article, titled Can the Listing Broker Specify the Lender?, (must be a logged in Active Rain member to access) expressed concern with what appears to be a growing practice of inserting into the MLS statements along the line of: Buyer must pre-qualify for a loan through lender XYZ to submit an … [Read more...]
7 Habits of Highly Effective Home Buyers
If you read the article published here last Thursday, 7 Habits of Highy Effective Home Sellers, then you probably saw this one coming... This time I'll try not to leave one of the seven habits out. Though by accidentally doing that with the seller's habits post, we got some outstanding contributions from readers. Be sure to read the comments in that post for more insight. Why seven habits of effective residential real estate buyers? Because over the years we've seen some traits (habits) the … [Read more...]
Phoenix home buyers, are you being realistic?
Much has been written across real estate blogs and mainstream media outlets about unrealistic home sellers. It seems much less common though to talk about unrealistic home buyers. Naturally everyone wants to get the most home they can for the least amount of money. Which is, of course, in opposition to the home seller, who wants the most money for their home. This inherent conflict is one of the things that makes real estate sales”¦ challenging at times. It has been my experience of late that … [Read more...]
Think people aren’t interested in the home buyer tax credit? Think again”¦
We've written extensively on the tax credit available for first-time homebuyers (a restriction that may get lifted). In many private conversations I've had, the general consensus has been that this tax credit hasn't had much impact, that people really don't care, that first-time home buyers aren't buying that many homes, even that people are not aware of the credit. Personally, we have yet to have a potential home buyer say, “The only reason we are buying now because of this tax credit”. (And … [Read more...]
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The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...