Category Archives: Client Resources

6 Buying, Selling Myths Your Clients Believe

6 Buying, Selling Myths Your Clients Believe

Home buyers and sellers may have false assumptions about the real estate transaction process, believing in myths that could rob them of a purchase opportunity or keep them from selling for more money. Leaders of the Orlando Regional REALTOR® Association culled the top myths consumers fall for.

1. The longer a home has been on the market, the more negotiable the deal is. There are many reasons a property may be on the market for a long time that have nothing to do with price or condition. Buyers shouldn’t automatically assume time on market indicates the sellers are more willing to haggle over the price.

2. An open house must be part of the marketing plan for a home. Open houses actually aren’t terribly effective when looking for potential buyers. In reality, only 7 percent of buyers find the home they buy through an open house, according to a 2017 survey by the National Association of REALTORS®.

3. A 30-year fixed-rate mortgage is the best form of financing. Every buyer’s situation is different, and not everyone will benefit from a 30-year fixed-rate mortgage. “If you don’t plan on staying in your home for 30 years, you need to evaluate other options, like a 7-year fixed-rate,” ORRA says.

4. Overpricing your house leaves room for negotiation. While negotiations are a part of most real estate transactions, if you price your home too high, you run the risk of not getting buyers to the table at all.

5. Online evaluations can give you an idea of home value. Automated valuation models don’t take every factor into consideration when determining the value of a property. Environmental hazards, recent nearby sales, and renovations, for example, aren’t calculated into AVMs, but they can certainly affect the home’s price. “The best way to check your house’s value is to ask a real estate professional,” ORRA notes.

6. You have to put 20 percent down on a home purchase. While buyers can save money on financing costs by bringing a higher amount to the table, it’s not necessary to buy a home. Conforming loans will enable your clients to buy a home with as little as 3 percent down. There are other resources for buyers struggling with down payments.S

Originally published by NAR

You May Need to Replace Your Smoke Detectors

You May Need to Replace Your Smoke Detectors

You may recall a new law enacted in Maryland in 2013, requiring  battery-operated smoke detectors to be run by lithium batteries with a 10-year life. Detectors that use replaceable 9-volt batteries will no longer be permitted. The law requires homes in Maryland to have the new smoke detectors installed by 2018. With nine months remaining, it’s a… Continue Reading

Commute Times Are Driving Millennial Home Buying Decisions

A New Resource from RPR Makes Finding A Home Easier Commute time to work, school, shopping, and retail has become an important determining factor for Millennials in the midst of a homebuying search. In fact, nearly three fourths of people born in the 1980s and 1990s rate convenience and access as critical factors in their… Continue Reading

Real Estate in 2016

Real Estate in 2016

Free Blog Post: Real Estate in 2016 Please feel free to use any of the following blog post, change details, personalize or add local information, Compliments of The CE Shop Happy New Year 2016! We’re just a few days into the new year, it’s about time to start collecting 2016 real estate predictions and see where we… Continue Reading

Energy Assistance is available through the Office of Home Energy Programs

FCAA Office of Home Energy Programs Now Accepting Applications for Energy Assistance   The Frederick Community Action Agency (FCAA) is pleased to announce that the Office of Home Energy Programs is now accepting applications for energy assistance. If you need help paying your heating and electric bills, please contact the Office of Home Energy Programs… Continue Reading

Equal Housing Opportunity
Maryland REALTORS®
National association of Realtors