“What can I do to motivate agents to show and sell my home?”
***ANSWER:
Here are 5 ways:
Price-
Agents show homes they can sell. Price yours near market value, otherwise agents are less likely to show it.
Commission / Incentives-
Agents are putting bread on their table. Offer them a higher commission or other incentive and you’ll get […]
“What’s the difference between a conforming and a jumbo loan?”
***ANSWER:
Conforming loans are residential loans for 400K and below. Their rates are typically 1/8% to 1/4% lower than jumbo loans (over 400K).
Investments
“Hi Gary. I’ve heard you and others talk about short sales. What is a short sale?”
***ANSWER:
A short sale (aka “short pay”, “short pay-off”) is when a lender or lienholder on a property agrees to receive less than the balance due when the property is sold. I’ll tell you WHY they’d ever agree […]
“We’re looking at a home on over a quarter acre, most of it is on a hillside and unusable. The agent we’re working with keeps telling us that the huge lot means the property is worth more. Is it?”
***ANSWER:
If the large lot means you have greater privacy, a view, the ability to build […]
“Is it true that you can buy investment real estate with your IRA?”
***ANSWER:
Yes. In fact, twice I’ve done it twice myself. You need to have your funds with an IRA Custodian who allows you to buy real estate. Most don’t.
And you’ll want to read up on the rules. They’re definitely not […]