Category: Home Selling

From A To Regulation Z

Ever heard of Regulation Z?  No?  How about Truth In Lending?  Still nothing? That’s okay – I’d be willing to bet most agents haven’t even heard of Regulation Z (sounds top secret, doesn’t it?).  Nevertheless, I received information from a mortgage professional, Tom Vanderwell, that I thought important enough it needed to be shared here.  Tom, thanks for sending me this. First, some background. Regulation Z is a component of a larger Act, called the Truth in Lending Act (or TILA).  The Truth in Lending Act was established in the late 1960’s to provide full disclosure of the terms and costs …

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When Selling Your Home, GREAT Photos Matter

Several months ago, I started hiring Sean Shannon Photography to take high-quality photos of the real estate properties.  I was finding that while my camera certainly takes good photos, it couldn’t show the house off quite as well as a professional could.  I talked with Sean about my problem, and he immediately showed me what I was missing. Now, my properties stand out.  They pop.  And they turn heads.  I use Sean’s photos everywhere I run an ad, and everyone comments on how they look.  I don’t have a Before and After for you, but look at some of the …

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A New Look For NRVLiving Real Estate Listings

I’m working on a new program for listing real estate here in the New River Valley, and Phase I of the program is now ready!  I’m really excited to share this, as I think it’s going to make listings stand out even more. The idea is pretty simple, and one that I am not ashamed to say that I copied from The Bloodhounds, as well as Mariana and Jim.  Real estate signs traditionally all look the same, and too often are used as reasons to call the agent to find out anything of value about the house.  Sure, we can say …

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The Ferrari vs. The Yugo, Part Two

Warning: This is a long post (2034 words, to be exact), so skip ahead to the end if you’re not interested.  It deals with an issue that’s central not only to the success of a New River Valley real estate agent, but also to a buyer or seller who’s relying on their agent to provide concise, well-formatted information in a timely manner. On Monday, I brought up the issue of The Ferrari vs. The Yugo, and this is the follow-up.  The following is a reprint of Sunday’s article in The Roanoke Times entitled “NRV Real Estate Community Weighs In On …

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What Do Mortgage Rates Do In The Summer?

According to Dan Green of TheMortgageReports.com, they go up. I’d heard someone once say that gas prices often reflect what’s going to happen with mortgage rates, and Dan not only reiterated the same, but why.  It’s an interesting correlation, and one I’ll be watching more in the future. They – gas prices OR mortgage rates – don’t seem to be cooling off anytime soon, so there just might be something to the idea. But Marianne Lane of Coldwell Banker Mortgage says she’s seen the opposite effect in the last 15 years, that often rates in July and December are lower …

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