What does REO stand for? REO's stand for “Real Estate Owned” properties. Any lot or home that the bank takes back becomes an REO when the mortgage lender hires someone to manage the repossession and sale of the house because of the homeowner defaulting on...
5 Top Tips for Buying Your First Home
Top 5 Top Tips for Buying Your First Home You are in the market for your first home and are wondering what you should take into account. It's important to look for an affordable first home as there are many unforeseen costs of home ownership....
Are luxury Homes Worth It?
Luxury homes are often found in exclusive neighborhoods with high property taxes and home prices. These types of homes have a number of amenities that traditional houses might not have, like oversized bedrooms, marble countertops, a wine cellar, and even a private bowling alley. These...
10 Things To Expect From A Real Estate Agent When Selling Your Home
Selling a house can be very stressful. Sellers may have to manage the tasks of keeping the home open for viewings, and wondering when or if it will sell. How about choosing the right real estate agent to sell your home? It is crucial that...
Should I Become a Real Estate Agent?
Are you thinking of a change in career? Do you want to make more money and have the freedom and flexibility that comes with a new job? Do you wonder if getting your real estate license is worth the effort? Look no further than here...
Real Estate Commission & Closing Costs
So what exactly is a real estate commission? The simple definition is that it is a fee paid by an agent to another agent in return for a commission. Typically, real estate commission is 5%–6% of the home’s sale price. In most areas, the buyer’s...
When to Sell a Home – Find Your Buyer
The chances are high that some day you will actually sell your home. In America, over 4 million houses are sold yearly by private owners who typically resided there for just nine years or so. Even though selling a house is by far less complex...
COMMISSION AND YOU PAY FOR
COMMISSION AND YOU If you've heard the term" Commission and you pay" then you are probably familiar with what it means. Commission and you pay programs have become the most effective way to reward and motivate high performance sales teams. Whether it's a sales manager...
Real Estate Investment Strategies
What is Real Estate Investment? Real estate investment involves the buying, holding, possession, control, rental or sale of real estate as a part of an overall real estate investment plan. It is the buying and holding of a piece of real estate, whether it is...
Six Expert Tips for New Homebuyers
People searching for a first home do a lot of homework. Studying everything from amenities to neighborhoods and house types is a common task. Sometimes, people get hung on a few details, like the time of year, or neighborhood comps, and may not realize they...