Monday, August 29, 2011

MLS# 10297282 - 2841 Traskwood Rd Traskwood, AR

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Rural opportunity in Glen Rose school district. Some updates installed, just needs a little more to be move in ready. $75,000

Posted via email from Scott Deaton's Blog

Thursday, August 25, 2011

Tips for home buyers with children

Tips for home buyers with children

1.       Limit the number of homes the kids see.  They just don’t stay interested enough like you do.  You will focus better when kids are not along, but if you do take them to see property, don’t drag them along to see a dozen homes.  They will lose interest after just 3-4 homes.

2.       Take note of the ‘kid-friendly’ restaurants around the homes you are looking at.  Favorites include burgers and pizza.  Shocker!?

3.       Note the neighborhood features that might draw the kid’s interest.  Toy stores, shopping malls, movie theatres, playgrounds, swimming pools, etc.

4.       Know the neighborhood schools, local sports teams, and programs. 

5.       Watch for overactive fingers while viewing homes.

6.       Bring your child’s car seat, when driving around in the agent’s car.

7.       Stock your car with healthy snacks.  Avoid ‘sticky’ items such as lollipops and chocolate.  Bring books or hand held video games to keep the kids entertained.

8.       Be mindful of potential hazards while viewing a home…sharp corners, decorative glass candies, homeowner medicines sitting out, steep staircases, and swimming pools.

9.       Be careful around pets at the home.  They may not like kids as much as the kid likes them. 

Posted via email from Scott Deaton's Blog

Wednesday, August 17, 2011

Pre-approval required

REALTORS - don't work with a buyer who isn't pre-approved.  It's a waste of time to even show a property without that,  much less cause a home to be off the market when buyer couldn't purchase anyway.

Buyers - you can't buy a home without financing.  Your first step is to talk with a lender for pre-approval.  It's free.   Think how much more serious the seller thinks about you if you provide pre-approval letter with your offer.

Scott Deaton
Freakin' Real Estate Animal
Blackwood Deaton Group

Scott Deaton
Freakin' Real Estate Animal
Blackwood Deaton Group

Posted via email from Scott Deaton's Blog

Best Wedding Gift Ever: A House Via the FHA Bridal Registry

Best Wedding Gift Ever: A House Via the FHA Bridal Registry

Little-known HUD program allows couples, graduates and expectant parents to amass cash gifts from friends and family into a down payment on an FHA mortgage.  Why ask for the china setting that you will never use?  Let others pay for your down payment on your new home!  Read how here!

Posted via email from Scott Deaton's Blog

Wednesday, August 10, 2011

Check out the low rates!

ALL  30 YEAR RATES WITH 0% ORIGINATION BELOW:

Conventional – 4.25%

VA – 4%

FHA – 4%

RD – 4%

ALL 30 YEAR RATES WITH 1% ORIGINATION BELOW:

Conventional – 4%

VA – 3.875%

FHA – 3.75%

RD – 3.875%

15 YEAR RATES:

Conventional – 3.25%

FHA – 3.25%

VA – 3.25%

*from my friend Monica Specht at Bank of Little Rock!

Posted via email from Scott Deaton's Blog

Tuesday, August 9, 2011

FSBO.com Founder Gets Broker Help

After failing to sell his NYC apartment on his own as a For Sale By Owner (FSBO), Sambrotto hired a broker and paid a 6% commission in order to get the job done. His personal experience helps refute some of the myths Sambrotto has been espousing for over a decade. Let’s look at two of those myths:

Myth #1 – You Will Pocket More Money Selling on Your Own

Most FSBO sites say you can save the commission by selling on your own. What happened in Sambrotto’s sale?

From the WSJ article:

“The broker, Jesse Buckler, said he told Mr. Sambrotto the apartment in the Lion’s Head building on West 19th Street near Sixth Avenue was priced too low and wasn’t drawing the right buyers.

By May, it went into contract, he said, after attracting multiple offers. It closed in the last few days for $150,000 more than the original asking price.”

Myth #2 – The Internet Alone Can Sell Your Home

Many have said that, with the introduction of home search on the internet, hiring an agent is no longer a necessity. What happened to the FSBO guru when he attempted to only depend on the internet?

From the WSJ article:

“Looking to move his family to the suburbs, [Mr. Sambrotto] said he carefully staged his apartment for sale himself, and put it on the market. But after using a mix of websites to publicize his apartment, he said he had only ‘middling success’ and switched to a broker because many buyers were so reliant on brokers.”

Bottom Line

There is a reason the real estate industry has been around for centuries: it performs a valuable service.

Posted via email from Scott Deaton's Blog

Founder of For Sale By Owner Company Turns to Broker for Help

Founder of For Sale By Owner Company Turns to Broker for Help

From the files of stranger than fiction, the founder and former CEO of ForSalebyOwner.com, Colby Sambrotto, was unable to sell his OWN HOME so he turned to a licensed real estate broker to get the job done.

According to The Wall Street Journal, Mr. Sambrotto gave  up the FSBO route in favor of hiring a broker. This good decision resulted in attracting multiple offers for his 2000 square foot condominium in New York and a final sales price $150,000 more than the original asking price.  The WSJ said that the listing sold for $2,150,000 which included a 6 percent broker fee.

His own marketing efforts, which included his own online classified ads and FSBO sites, failed to get the job done. This is a trend that more and more sellers are discovering after many months (and sometimes years) of unfruitful FSBO attempts, hundreds of advertising dollars spent, unqualified buyers entertained and general inconvenience and frustration.

The facts speak for themselves. The market is just too uncertain and changing too fast for most DIY home sellers or even for most part-time real estate agents. It is imperative that homes are priced correctly from the very start and if a sale doesn’t come quickly, price adjustment may be required just to keep up and/or ahead of market trends.

If people really want to give the FSBO route a try, I say give it all you’ve got but when you decide you need help, for goodness sake, make sure you hire an experience, skilled, professional real estate consultant who will work with you in achieving your goals!  Experienced real estate consultants keep their finger on the pulse of the market daily and are in constant search of better, more effective marketing venues. It only makes sense to hire someone who knows what they’re doing when selling your most valuable asset.

Posted via email from Scott Deaton's Blog