Case Study: Borrower Outreach and Workout Strategy
August 13, 2021
Case Study: Borrower Outreach and Workout StrategyClient: Local Community Bank The ChallengeDebt collection isn’t fun for anyone, whether you are the one in debt or the one trying to collect it. Our client couldn’t reach the delinquent borrower, let alone collect the money owed to them. The SolutionParkvue Realty put feet-on-the-street and literally went out ...
Summer Home Maintenance - To Do’s
August 13, 2021
Summer is a great time to work on those home maintenance projects! I’ve compiled a list of To Do’s for the exterior of your home! Power wash your driveway & sidewalks – After ensuring weeds are removed from any cracks, use a pressure washer to give your area a good cleaning to wash ...
HOW TO DEAL WITH LOW-BALL OFFERS
August 12, 2021
In this business, some buyers and/or agents automatically associate a foreclosed property with a low-ball offer. The buyers and their agents often explain the condition of your listing as if you have never been to the property, completed numerous inspections (sometimes several times a week because a neighbor has called about the light being left on), BPO's, ...
Navigating a multiple-offer situation.
August 12, 2021
Navigating a multiple-offer situation Being a buyer in today's current market has proven to be a difficult challenge. Although we are starting to see things loosen up we are still coming across multip-offer situations. So what should a buyer do in order to stand-out from the competition. Well, a couple of different tactics that can ...
Home Prices Are Soaring. Is That the Fed's Problem?
August 12, 2021
Robert S. Kaplan, the president of the Federal Reserve Bank of Dallas, has been nervously eyeing the housing market as he ponders the path ahead for monetary policy. Home prices are rising at a double-digit pace this year. The typical house in and around the city he calls home sold for $306,031 in June of this year, Zillow ...
8 Ways To Stay Safe Showing Homes
August 12, 2021
It is better to be safe than sorry when showing homes. Here are some ways to stay safe during your showing...1. Show properties during daylight hours. You never know what could be lurking in the dark and some vacant/bank owned homes do not have power on for lights. 2. Make sure your buyer is qualified to buy ...
Tips for Listing HUD Homes
August 11, 2021
TIPS FOR LISTING HUD HOMES When writing the property description, it’s tough to make another three-bedroom, two bath house stand out ...
Top 4 Questions Asked About HUD Homes
August 10, 2021
Everyday we get calls and emails regarding HUD Homes. Here are the top 4 questions we are asked. 1. What Is A HUD Home?The HUD Homes we sell are homes the previous owner had an FHA mortgage on, HUD backed that mortgage. So when the owner defaulted on the mortgage, it becomes a HUD Home.2. ...
How to Improve Your Credit
August 09, 2021
Credit scores play a big role in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:Check for errors in your credit report.Thanks to an act of Congress, you can download one free credit report each year at annualcreditreport.com. If you find ...
Summer lawn care tips
August 08, 2021
1. Fertilize Warm-Season GrassFertilizing in the early summer can give your warm-season grass, which grows best at about 70 degrees Fahrenheit, a boost to grow thick and healthy. Fertilizing at the right time can make your grass more heat- and drought-resistant.2. Mow HighMow the grass high to encourage strong root growth and heat tolerance. Taller grass provides more ...
What Does the Rest of Year Hold in Store for Buyers and Sellers?
August 04, 2021
If you have been at all interested in buying or selling a home this summer, chances are you know how prices have been skyrocketing due to lack of listings on the market. The big question for sellers right now is: how long will this price appreciation last?The top economists in the industry have weighed in, and they ...
Is your home in a flood zone?
July 31, 2021
With all of the weather changes and natural disasters happening across the globe, it may be a good time to check and see if your property is in a flood zone. Flood zones can change over time. Environmental and man made events can change your properties flood risk. To check and see if your property is in a flood ...
Importance of Great Lender
July 30, 2021
It's always so important to explain to buyers to get prequalified before they start the process. When purchasing a home there are some many hurdles to jump over. The process can be overwhleming to a first time buyer or even a client from years passed. Making sure everyone is all on the same page helps ...
Why Are Some Realtors Reluctant To Sell HUD HOMES?
July 27, 2021
Why are some Realtors reluctant to sell Hud Homes?It has come to my attention that some Realtors are afraid to sell HUD Homes, because they don’t understand how the process works, and cannot answer the clients questions, so they refer these buyers out to other Realtors. These properties should not strike fear in a Realtor. ...
How To Improve Your Credit Score To Help Secure a Home Loan
July 16, 2021
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Is there a stigma with HUD homes?
July 15, 2021
There are consumers out there that believe that HUD homes aren’t worth buying. So, is there a stigma when buying HUD Homes? The answer to that question is yes! But Why? First, we need to understand what exactly a HUD property is. A HUD property is a home that is an FHA mortgage default and has gone through ...
Case Study: Personal Property Assessment and Cleanout
July 15, 2021
Case Study: Personal Property Assessment and Cleanout Client: Family Estate The ChallengeThe rich history of this family and house started its story in 1955 when a young doctor and nurse got married and purchased a house on the Northside of Chicago. Over the next 65 years the home accumulated with 3 generations of mementos, filling the basement and cluttering ...
TOP 5 QUESTIONS I’M ASKED AS A REAL ESTATE PROFESSIONAL
July 15, 2021
TOP 5 QUESTIONS I’M ASKED AS A REAL ESTATE PROFESSIONAL 1: How Much Do Real Estate Agents Charge? Typically, you aren’t paying a real estate agent to help you find your dream home. A home seller pays their real estate agent a percentage of the home sale price, and that agent pays the buyer’s ...
ARE PRE-LIST REPAIRS/UPDATES A GOOD IDEA IN THIS MARKET?
July 15, 2021
Both buyers and sellers ask this question. The answer is both yes and no. Many home sellers are reluctant to improve the home stating “it was good enough for us” and most importantly, will I get my money back or more by ...
Is Now A Good Time To Buy A House? Find Out Who Really Knows
July 14, 2021
Real estate agents are often asked…Is now a good time to buy a house? For those that are contemplating a purchase of a home, this question is especially worth consideration, given that we are deep in a sellers market, perhaps the most unpredictable one ever! Prices are rising to record breaking levels. Sellers are less willing to ...
Escalation Clauses - What are they? How do they work?
July 14, 2021
We are currently in the midst of a nationwide shortage of homes on the market due to COVID-19 and the aftereffects that have caused havoc in Real Estate. Many sellers are over the panic of COVID-19, but they are hesitant to put their home on the market because they fear they won't find anything to buy ...
It's been rainy cats and dogs!
July 13, 2021
Does your homeowner's insurance cover water backups or flood damage from heavy rain? Many area residents of the Metro Detroit area are experiencing flooded basements from the heavy rains. It seems like these torrential rainfalls are happening more often. In August 2014 Southeast Michigan rainfall records were shattered with 4.57" of rain in one day!...
Why do many REO Home Sales fail?
July 13, 2021
Why do many REO Home Sales fail?Sadly, many times, it is inexperience by 2 important parts of the equation – Buyer’s Realtors and Buyer’s LendersFirst and foremost, the REO selling agent can tell the buyer’s Realtor everything they need to know but are they listening? Some REO agents list the rules about what to do ...
Reasons Why This Summer Might Be the Best Time to Sell Your Home
July 12, 2021
Here are 4 things to think about if you are considering selling your home:You Home Should Sell Fast! Homes are selling in an average of 17 days, according to the most recent statistics from the National Association of Realtors (NAR). Multiple Offers Have Become Prevalent! NAR is also reporting that Sellers are seeing an average of ...
The difference between Pre qualified and Pre approved
July 08, 2021
Pre Qualified vs Preapproved Pre qualified ...
