It doesn't happen very often, but occasionally a home seller will decide that they don't really want to sell their home after all. What can they do? If your home is only listed for sale and there isn't a pending offer, then you can cancel your listing agreement. Maybe. It depends on the brokerage you have listed your home with and how your listing agreement is written. Thompson's Realty will let a home seller cancel their listing agreement with no strings attached. We realize that … [Read more...]
7 Habits of Highly Effective Real Estate Agents
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...]
Why are there so many short sales in the Phoenix real estate market?
This email came in on Friday from a couple in Canada that were searching for homes right on this very site: Why are there so many short sales? This was followed 30 minutes later with another email: This is frustrating. All of the nice places are short sales. What are the odds of buying a short sale as a Canadian? Let's tackle the first question first”¦ Why are there so many short sales? Here's a chart that shows the median sales price for all homes sold in the Phoenix … [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...