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VIDEO: Top 5 Tips For Home Sellers

September 14, 2007 on 11:31 pm | In For Sale By Ownder, Home Selling, Real Estate Tips | 4 Comments

As you know, I like to bring readers all the best real estate tips I can find, whether it’s home buying tips, home selling tips, or even ways to avoid foreclosure. Usually I present a few of my favorite tips from real estate articles I’ve dug up, and link you to the articles to read the rest, but today I’d like to try something a little different.

We are, after all, in the YouTube/internet media generation, and more and more real estate agents are making internet videos to sell homes. It only stands to reason that real estate experts would share their tips via internet video as well.

Today I stumbled across a guy at YouTube who calls himself the “Real Estate Dude”, who offers his top 5 tips for home sellers, that focus a lot on the little things you can do to think like the buyer and make your house more appealing to them.

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Yahoo! Real Estate’s “How much house can I afford?” Calculator

September 10, 2007 on 11:19 pm | In Home Buyers, First Time Home Buyer, Real Estate Tips, Mortgages | 4 Comments

The other day I told you about a basic, but very cool, mortgage calculator widget, that makes for a great addition to any real estate site. Today I’d like to bring to your attention another type of calculator, that may not come in the form of a widget for us webmasters to use, but it couldn’t be more important for home buyers, specifically first time home buyers.

Check out Yahoo! Real Estate’s “How much house can I afford?” Calculator. In addition to stupidly going with adjustable rate mortgages, the current surge in foreclosures is due to people not understanding how much house they can afford.

Folks today seem incapable of adding up their monthly bills (with high-ball estimates) and then comparing it with the low-ball estimate of what they make each month, and then determining from there, what they can afford. I don’t know why people don’t understand this, but the “how much house can I afford” calculator eliminates the excuses from those who are incapable of figuring out their budget.

Update: Bank of Green is sharing this calculator, along with a list of other mortgage calculators, with their readers.

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Real Estate Buying & Selling Tips Galore

August 30, 2007 on 4:17 am | In First Time Home Buyer, Real Estate Tips | 2 Comments

Cruising around the web today I ran across two sites offering you tips on various aspects of buying and selling real estate.

A blog entitled Oppertunity Land (not my spelling!) has a posted a list of excellent tips for home buyers. An interesting read, and the author promises to add to the list in the future. You should definitely check out all the tips offered, which you would use throughout the buying process, but the first one stands out to me, as it’s something I find myself telling people all of the time:

1) Know Your Budget Sounds obvious but there are buyers out there today who have no idea how much it is likely to cost them to buy a home, or what they can afford. Work out what you have coming in, and what you can afford to spend each month including all the household bills.

Seriously, it’s disturbing how many people simply don’t get what they can and can’t afford, and that’s exactly why we’re facing the current mortgage crisis. Whether it’s a home or supersizing your fast food - 1. Do you need it? 2. Can you really afford it? A Big Mac might not sound like much, but it adds up… no self made rich person will tell you they got their with stupid spending habits.

The bottom line is that people need to take responsibility and ask themselves “can I afford this?”, and when you screw up, don’t ask the government to bail you out… because now you’re hurting the rest of us! If you find yourself in trouble, you’d be better off checking out these tips on avoiding foreclosure.

The OC Coastal Real Estate Blog is also offering up a list of 10 tips relating to real estate buying, selling, and investing. It appears they had some formatting issues, as the post isn’t broken down in to paragraphs, but it’s worth a read because there are a few nuggets you could take away from it.

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