Pre-approval letters: useless, worthless and easily made better
Monday, October 12
Pre-approval letters. What they are and why they are of absolutely no use whatsoever to anyone except your lender. In short, a pre-approval letter is a piece of paper from a lender that says a certain person has been pre-approved to purchase a specific house for a specific price contingent upon ...
Why most people cannot invest in real estate
Saturday, March 23
Have you heard the saying, you buy emotionally and then justify logically? This is true of every single purchase from a song on iTunes, to a TV and a vacation. Sometimes, we need to do some mental gymnastics to convince our logical brain that we should buy whatever item it is, but this isn’t ha...
Things Most People Neglect When Buying Out Of State
Monday, January 21
I’ve purchased 8 out-of-state properties in the past 12 months, and I’d like to think I know a little more than the average real estate investor. As a former loan officer and current Realtor, I already had a number of advantages over other real estate investors. Despite this, there were many ha...
The downside to selling in a seller’s market
Monday, July 09
Imagine the following: you are looking for a new home. After careful searching you find “the one.” Financing has been lined up and you are even going to offer more than list price. Confidently, your agent submits your well-crafted offer. You are notified a few hours later that the offer has b...
The Hottest of the Hottest Areas to Sell Remodeled Homes in WA state
Friday, January 06
I love stats. So much that I spend a lot of time finding and analyzing them. Like tonight…Out of sheer curiosity I thought I’d do some homework to determine which areas were the best to sell a remodeled home. It took a lot of work but the results are fascinating. Here’s what I did:1. I looked...
The Lies Real Estate Agents Tell Us: that we choose to believe
Saturday, December 24
If you interact with human beings you are likely lied to. Sometimes it’s a politician, sometimes it’s a co-worker. Some lies are worse than others. But most lies have something in common, they tell us something we "want" to hear. Here is a list of brazen lies that some real estate agents tell ...