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Tag Archives: Bob and Donna McWilliams

Realities of Real Estate – Bottom line: Don’t worry about being on top

Whether you’re talking about gold, oil, pork bellies, residential real estate or just about any investment, people are always fascinated with the idea of buying precisely at the bottom and selling at the very peak. The bragging rights of being able say you “got in” or “got out” at exactly the right time are sweet indeed. Nevertheless, just about any successful investor will tell you that calling the top or the bottom is a fool’s game at best.

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Realities of Real Estate: Checking halftime stats on market

Are you ready for some football? It’s hard to believe, but it’s already that time of year. Last weekend, we had the first preseason game. And just a month from now, our Super Bowl champion Baltimore Ravens will kick off the regular season when they go to Mile High Stadium to hopefully hand the Denver Broncos their first loss. When the pigskins in play, you know the year is half over. As a result, we thought it would be a good time to see where we are with real estate and whether 2013 will shape up to be a winner.

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Realities of Real Estate – Old, young, buyers, sellers: the numbers

In an effort to better assist buyers and sellers of real estate, the National Association of Realtors regularly conducts a wide variety of surveys. One of the more recent is the 2013 study of Buyer and Seller Generational Trends. It’s chock full of data about how various age groups approach the process of buying and selling.

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Realities of Real Estate: The dog days of summer

We’ve all heard the expression, “The dog days of summer” and know that it refers to the hottest months of the year, typically July and August. According to Wikipedia, the phrase’s origin dates back to the early Romans, who attributed the heat of these months to the star Sirius, which they called the “Dog Star” since it was the brightest star in the Canis Major (Large Dog) constellation. The dog days were considered an evil time, when the heat made man and creature alike weak and lethargic. To appease the gods and hopefully lessen the turmoil of this time, the ancient Romans would sacrifice a brown dog. Fortunately, the advent of air conditioning no longer makes this ritual necessary.

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Realities of Real Estate: Mortgage rates fed by Fed

With the exception of those fortunate few who can pay cash for a house, the ups and downs of the mortgage rates are an integral part of buying a home. Sometimes qualification standards are low, but interest rates are high; and other times, such as today, interest rates are low, but qualification standards are high.

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Realities of Real Estate: Road to settlement may be bumpy

Whether you’re buying a house or selling a house, signing the contract is only the beginning of what can be a long and sometimes arduous journey to the settlement table. Normally, it all goes off without a hitch, and the typical real estate transaction can usually be completed in less than a month. But there are other times when the unexpected can pop up and threaten to derail even the best-laid plans.

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Realities of Real Estate: Can we talk? Tips on negotiating

In purchasing real estate, contract and price negotiations are obviously a key part of the transaction. With the proper techniques, a buyer can potentially save thousands of dollars, as well as make for a smoother road to settlement. But, if you mess up, it can mean losing the house of your dreams, or make the whole experience more difficult than it needs to be.

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Realities of Real Estate: Don’t be addendumb on your contract

So, you’re out house shopping, you find your dream home and want to buy the place. What happens next? When you make an offer on a house, there’s a lot more involved than a hearty handshake. That may be a friendly gesture with the seller, but in real estate, nothing counts unless it’s in writing.

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Realities of Real Estate: The emotions of making a move

Some professions, like being a doctor or a lawyer, are frequently associated with life-changing events. Even so, it’s easy for the professionals in those fields to lose empathy with their clients and/or patients. Doctors and lawyers see the same stuff over and over again. For them, the process can quickly become routine.

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