8 Tips for Hiring the Best Property Manager

8 Tips for Hiring the Best Property Manager

1. The first thing I always want to know is how many properties (units is a better measure) are they managing. This is followed up with how many employees are managing these units. Here is what I have found based on our experience building our property management capability internally and then handing the entire portfolio […]

Preparing to Sell Your Property

Every seller wants there home to sell fast and bring top dollar.  It’s careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home. Difficulty: Average Time Required: Seven to […]

Short Sale Listing Agreements

If your home’s value is worth more than your current mortgage debt, you may qualify for a Short Sale. Short Sale Listing Agreements are typically Exclusive Listing Agreements, however, the Seller is not responsible for payment of commissions unless all lien holders approve the sale. Then, commissions and all fees will be paid out of [...]

Web Only MLS Listing Agreements

A Web Only Listing (also known as a Flat Fee or MLS Only Listing) offers you the ability to expose your property on your local Multiple Listing Service (MLS) and through hundreds of local and national websites without paying listing agent commissions! Setup Fees: Typically, MLS Only listings average $699 (one-time fee) per listing and [...]

Open “Non-Exclusive” Listing Agreement

An open listing lets an owner sell their home by themselves, but guarantees a Real Estate Broker if they bring you a buyer, they will receive a commission. An Open Listing is a NON-Exclusive agreement, so the owner may execute open listings with more than one real estate broker and pay only the broker who [...]

Full Service “Exclusive” Listing Agreements

Exclusive Agreements give your REALTOR the desire to get your property sold at all costs. Why? Commitment. There are two types of Exclusive Real Estate Listing Agreements: 1. EXCLUSIVE AGENCY LISTING AGREEMENT An Exclusive Agency Listing contracts one brokerage to sell the property. If that agent, or any other licensed cooperating agent finds an acceptable [...]
Mortgage payment breakdown: How mortgage principal and interest works

Mortgage payment breakdown: How mortgage principal and interest works

A monthly mortgage payment includes at least two parts: an amount that goes towards the principal and a second amount that goes towards interest. When you’re looking at your home loan, it’s important to understand what your mortgage payment is going towards each month and how your lender is calculating this amount. So what is […]

Debt-to-income ratio: What to know before applying for a home loan

Debt-to-income ratio: What to know before applying for a home loan

When you’re applying for a loan, one of the most important factors in determining your final mortgage amount is your debt-to-income ratio. Learn more about this percentage and why it’s so important. Your debt-to-income ratio is the percentage of your monthly gross income that is used to pay your monthly debts including housing. It’s important […]

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