Tuesday, August 31, 2010

Deaton wins a Camera

But this blog isn’t about the camera.  Its about what sellers are really looking for.  Go to http://activerain.com/blogs/sdeato to participate in survey and read the blog.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

What buyers do?

1800% more buyers look for their next home online vs looking in a newspaper.

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Monday, August 30, 2010

New Facebook Feature you may want to do without, Facebook Places

Review this video on how to turn this feature off.  It could be a privacy concern for you. 

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

Wednesday, August 25, 2010

EXIT Realty is Growing

Welcome to the latest new licensee to join our EXIT Realty Deaton Group team, Summer Ajlouni.  Summer will be working out of our Little Rock branch.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"


Posted via email from Scott's posterous

Tuesday, August 24, 2010

Three Reasons to Buy a Home Now

According to a recent REALTOR.org article:  Stocks are up 50 percent from the March 2009 bottom. Some commodities have risen dramatically. The only asset class left in the cellar is real estate, says Michael Murphy, editor of the New World Investor stock newsletter.  As a result, Murphy is advising investors to buy now for these three reasons:

Desperate sellers: Both home owners and lenders are eager to unload a flood of foreclosed and underwater properties. Buyers with the patience to push through these complex deals can save a bundle.

Little competition. Because most people don’t have what it takes to negotiate their way through short sales and REOs, patient investors are winners.

Low rates. Mortgage rates are at their lowest level in 40 years. If you believe inflation is inevitable, lock in now.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

Free Tips Help Clients Save Money on Energy

Want to cut energy costs? Start by saving energy in the living room — reconsidering a plasma TV. The three biggest energy hogs in the family room are the plasma television, DVR/Tivo box, and digital cable box, says the nonprofit American Council for an Energy Efficient Economy.  A typical plasma TV uses about $50 in electricity per year. Next up are TiVo devices at $41 annually, followed by digital cable boxes at $27. Opting for an LCD (liquid crystal display) TV will cost about $8 to operate annually—for an annual savings of about $42 over the plasma.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

Monday, August 23, 2010

Little Rock Ranks in Best!

According to this article, Little Rock has been listed as one of the Top 10 Markets for single-family real estate investment properties.

 

http://online.wsj.com/article/SB10001424052748703791804575439871207245044.html?mod=WSJ_PersonalFinance_PF4

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

Friday, August 20, 2010

BAM! Reality Check! Again!

FHA has passed new guidelines that will make it more expensive to buy a home due to increased fees on your FHA mortgage.  Higher monthly fees, larger down payments and better credit scores are among the new initiatives.  The new rules will start taking effect as early as the end of August and will impact buyers with higher fees and increased monthly mortgage insurance amounts. The new rules will also cut the amount of seller paid closing cost from 6% to 3%.  This means it will cost you more money at closing, out of pocket, to buy a house.  Even if you need to sell a home first, getting it sold soon and being able to capture some of this Perfect Storm will save you money in the future.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

Mr. Handyman of Little Rock Does it All!

If you are unable to view this flyer correctly, please visit red-lettersolutions.com/a/wordpress-mu/mrhandyman

 

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Wednesday, August 18, 2010

Country Paradise with 13 acres at 16709 Slade Rd Paron, AR

Seclusion, Privacy, and Peace.

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Deaton's Deal of the Week Little Rock Arkansas

Great investment opportunity!  Needs some TLC, but priced to sell.  Just under 1400sf, 3BR, 2 Bath, lake front for only $59,900.  Not a short sale!  Ready to close ASAP.  See attached flyer.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"


Posted via email from Scott's posterous

Tuesday, August 17, 2010

Short Sales: 7 Tips to Finding Your New Home at Discount

According to a recent article from Rismedia.com, 2010 is the “Year of the Short Sale”.  A short sale is a listing where the lender agrees to take less for the home than what is owed on the mortgage, and many times the buyer can get the property below market value, sometimes way below market value.  Here is how to go about successfully buying a short sale:

1. Search for short sale properties
Most short sales are listed by real estate agents. You will find these listings on local websites and in MLS feeds and from Number 2.

2. Select a real estate professional
Professionals with short sale experience can help you navigate the short sales process in your local market. The buying process is often far more complex—and far longer than typical sales–so a trained ally on your side can make your experience successful, plus we have access to all short sale listings.

3. Investigate the mortgage and liens on the property
Here’s where a good short sale real estate agent is worth his or her weight in gold. Uncover how much the mortgage is worth. Find out how much the current owners paid and when. Find out how many liens are on the property. Find out which lender is the primary lien holder. Research comparable sales in the area.  Your REALTOR can provide all of this for you.

4. Have a home inspection
Short sales are typically sold “as is,” with no contingencies allowed. That short sale is no bargain if you discover—after the closing—that it requires major, unexpected repairs. A thorough home inspection will provide a clear view of the home’s condition, allowing you to make educated decisions on whether or not to purchase.

5. Write a complete offer
Remember, the lender—not the owner selling the property—is calling the shots and decides whether your offer will be accepted, rejected or countered. Helping the lender, whose agents may be overloaded with a glut of short sales, fully understand the financial picture will support your bid.  There is a lot of material that will be included in your short sale offer.  Your REALTOR will guide you through the process.

6. Negotiate
Like any real estate transaction, successful negotiation is required to strike a deal. If the lender rejects or counters your written offer, you’ll have to negotiate with the lender by making a higher offer. Your REALTOR will help you, but be prepared to offer more money to close the deal, or to walk away if it doesn’t make financial sense.

7. Be Patient
Short sales, which have increased in volume and frequency, are overloading some lenders. Be aware that processing and decision-making times for some lenders can be quite long—up to a year or more. Decide if you have flexibility in your timing, and if so, know that you may be waiting for awhile.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

Friday, August 13, 2010

USDA Loans are back. In case you missed them.

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11        

 

 

from my buddy, Zack Lovett, with Cornerstone Mortgage….

100% financing, no MI, minimum 600 credit score!!!  Click on the above link, type in an address to see if it qualifies, and let’s get a couple extra closed each month!!!  Rates on these loans are between 4.3% - 4.75%

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

3 bedrooms, $69900, 102 Protho Street North Little Rock, AR

comes with .64 acres and over 1700 sf. Great price and plenty of room. Check out all info at http://www.exite-listings.com/57232. Can also search for all available homes at www.exitrealtydeaton.com.

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Recipe for buyer success

This week’s interest rates on a 30 yr mortgage dropped to as low as 4.4%.  Fox news reports that homes haven’t been this affordable to buyers since….well who knows, but it has been a long, long time.  Remember the phrase “Perfect Storm”.  So here is your recipe for buyer success - mix 1 part high inventory of available homes, and 1 part low prices, with 1 part extremely low interest rates.  BAM!  Best tasting thing ever.  Remember, it is the smart investor who purchases when it cost the least.  Don’t wait like the majority and buy when the prices start to go up.  This causes a panic which causes prices to go up faster.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous

Tuesday, August 3, 2010

More News about Interest Rates

Yep, interest rates are still low.  As low as 4.5%!  That is HUGE.  Buyers, please don’t think they will go any lower.  Don’t wait around or it will cost you money over the long haul.  Rates this low means it is definitely time to buy.  Housing inventory is higher, providing more option and better deals.  Some of you are the eternal optimist and will wait cause ‘it might get better’.  DON’T WAIT.  It won’t get any better than it is right now.  Here is a prediction from Moody’s Economy.com chief economist Mark Zandi,
“E
xpect rates to close in on 5% by year’s end and over 6% next year.”  Bankrate.com columnist Holden Lewis said, “I wouldn’t bet my mortgage payment on rates remaining this low for a long time. If I were refinancing, I would lock now instead of floating in hopes of rates falling further. I think there’s a greater possibility of rates rising than falling.”  The predicted increase in rates could cost you hundreds of dollars each month.  What could you do with that extra monthly savings by buying now at these interest rates?  New furniture, new car, vacations.  All of this paid for because you are saving so much money on your mortgage.

 

thx,
 

Click Here

"I Am Building a Company, By Design, that Honors Success & Productivity."

For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"

Posted via email from Scott's posterous