4 Things a Homebuyer Shouldn't Say to a Seller's Agent

By Dan Rafter on 6 June 2018

 Wis You're touring an open house and the real estate agent running the event walks over to say hello. What should you say in return? Well, you can say hello right back. But other than that, it's best to stay pretty much mum. The agent at an open house is a seller's agent. This individual is paid to represent the best interests of the people selling the home — not yours. If you say too much, you run the risk of accidentally providing them with information that he or she can use against you if you make an offer and eventually enter negotiations to buy their client's home. What should you never say to a seller's agent? Here are five conversation gaffs to avoid during an open house. 1. How much you love the house You might think it's natural to tell the agent at an open house how much you love the home you are touring. This, though, can be a big mistake when it's time to negotiate a final sales price if you decide to make an offer. T…


Find an Experienced Real Estate Agent
Buying a first home is a complex process. An experienced real estate broker or agent will assist you all through the search, comparable homes sold, making an offer, inspection, repair, and appraisal processes, as well as help you find the best value, neighborhood, and quality for your budget and requirements.
The seller’s real estate broker pays your broker or agent out of the loan proceeds. If you don’t use your own agent, the seller’s broker keeps the commission, so you might as well avail yourself of professional advice. Your real estate broker or agent works in your best interest.
Don’t expect perfection
There’s no perfect home. You may want all the latest amenities of a new home, but even new homes come at a price, perhaps longer commutes and bigger price-tags.
Many sellers don’t repaint or re-carpet prior to selling, so if you’re shopping for an older home, expect to do some cosmetic work.
Homes that need updating are priced b…

December 2017 Newsletter by Tony Stefani

If you're wondering how to sell your house fast, you probably don't have a whole lot of time for chitchat. You have zero time to spend researching the current housing market and pondering how it'll affect your home sale. You just want the guidance—plain and simple—that will help you find a buyer as fast as possible. Well, here's the good news: It is possible to sell a home fast, and the experts say it comes down to a few key to-do's to take care of before your home hits the market. If you're ready to unload your abode, heed the advice of the experts below. Of course, we can't guarantee a quick sale, but putting these tips into practice definitely won't hurt your chances of securing a buyer. 1. Tidy up to make your house stand out If you're looking to sell quickly, you're going to want to start cleaning, especially before those listing photos are taken. Related Articles5 Secret Thoughts Real Estate Agents Have About Home Sellers—Revealed3 New Rul…

Here's what the Senate Republicans' tax plan means if you're making $25,000, $75,000, or $175,000 a year.

Written by: Lauren Lyons Cole November 29, 2017

Senate Republicans and House Republicans have introduced separate tax reform plans. The Senate tax plan differs in significant ways from the version passed in the House.In the chart below, we ran the numbers to see how the Senate's tax plan would affect a single taxpayer, compared to current law and the House's tax plan. Senate Republicans are racing ahead with their version of the Tax Cuts and Jobs Act. Currently, there are two different Republican tax reform proposals. The first version was introduced and passed by the House. Senate Republicans have laid out their own proposal, and on Tuesday the Senate Budget Committee voted to bring it to the full Senate for a possible vote. The two tax plans will have to be reconciled into one before tax reform can be signed into law by President Donald Trump. We previously calculated how much a single, childless taxpayer who claims the standard deduction might save on taxes in 2018 under the…

Who Owns a Half Million-Dollar Home? If You Have Been On The Fence About Moving ........

Posted in Economic UpdatesInteractiveMortgage Interest DeductionTax ReformTaxes, by  on November 13, 2017

After the release of the tax reform legislation from the House, last week’s question was “who will be affected by the new bill?” One of the key elements of the tax reform is the proposed capping of the mortgage interest deduction at $500K. Under the current tax framework, taxpayers who own a home are able to reduce their taxable income by the amount of interest paid on the loan, which is secured by their principal residence. Interest is deductible on only the first $1 million of debt used for acquiring, constructing, or substantially improving the residence ($500,000 for single individuals if filing separately), or the first $100,000 of home equity debt regardless of the purpose or use of the loan.  The new tax reform legislation allows homeowners to take the deduction on their first $500,000 of mortgage debt, half of the current threshol…

10 Years After the Crash, the Boom Times Are Back in Real Estate—but Way Different

By  | Nov 13, 2017

As anniversaries go, it's a nerve-racking but inescapable one: It's been 10 long years since the widespread real estate crash that precipitated the Great Recession, and all the misery that followed in its wake. So it seems like the perfect time to take a giant step back, peruse and analyze all of the data, and assess what has really happened to the American housing market in the decade since. So where are we, really? Ever-steeper home prices: check. Buyers clamoring to get into those precious homes: check. Real estate newbies scooping up homes to renovate quickly and sell for a profit (i.e., flip): check. On first or second glance, things are looking awfully similar to the real estate boom that preceded the epic bust. But wait: There's no need to start stuffing your life savings under your mattress for safekeeping just yet. If you look beneath the surface, there are key differences between then and now, a® analysis of housing …

2018 California Housing Market Forecast - The California median home price is forecast to ....

C.A.R. releases its 2018 California Housing Market Forecast

LOS ANGELES (Oct. 12) – With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018, though a shortage of available homes for sale and affordability constraints will be a challenge, according to the "2018 California Housing Market Forecast," released today by the CALIFORNIA ASSOCIATION OF REALTORS®' (C.A.R.) .   The C.A.R. forecast sees a modest gain in existing single-family home sales of 1.0 percent next year to reach 426,200 units, up slightly from the projected 2017 sales figure of 421,900. The 2017 figure is 1.3 percent higher compared with the 416,700 pace of homes sold in 2016.  "Solid job growth and favorable interest rates will drive a strong demand for housing next year," said C.A.R. President Geoff McIntosh. "However, a persistent shortage of homes for sale and increasing home prices will dictate the …