Category: Home Selling

Welcome to Single Property Websites

Single property websites, now live and only on NRVLiving.com! The video below talks about the site, how it’s laid out, and what buyers – and sellers – can expect to find.  I’ll be working on NRVLiving.com/Properties over the next couple of weeks to finish things up, but I was so excited about getting this going that I had to share. Several people I’ve shown this to have asked the same thing – “what’s the point?”. One of my goals in real estate is to provide as much information as possible to buyers and sellers alike, and as home buyers are …

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Three Reasons Dave Ramsey Got It Right

A few days ago I linked to a bit from The Dave Ramsey show, where Dave talks about why he’d use a real estate agent to sell real estate in spite of the fact that he might save a little money selling By Owner.  As I thought more about it, I realized there were three reasons why I think he got it right. But first a story. I purchased a home, my first home, For Sale By Owner.  My wife and I had been working with a great agent here in Blacksburg, and we found this home while walking through …

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Dave Ramsey Tells You Whether He’d Use A Real Estate Agent Or Not

Dave Ramsey, the guru of getting out of debt, talks a lot on his show about ways to avoid paying unnecessary fees and penalties, and encourages people to save far more than they spend – novel concept, right? He had a question on his show in October, that a couple of people who listen regularly heard and sent me a link.  The question had to deal with whether or not to use a real estate agent to sell a home.  Economically, that makes sense – a $200000 home with no mortgage is going to net the owner ~ $200000 (minus …

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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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