Tracking homes up for sale

One way to find a reliable and professional real estate agent is to track the homes that are put up for sale in your neighborhood and when their are sold and by whom.  If you set up a chart and chart the progress of these properties, you should be able to chart a pattern of who represents the majority of the properties in your neighborhood and how fast they sell or stay on the market in your area.  If you have the time, you can track this over a few months and this will provide you with a good starting point – a list of a few potential agents to interview before you make your final decision to hire one.

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Rate your property

One of the most important things to take into consideration when you place your home on the market is how it rates in comparison to other property in the neighborhood as well as with other homes of similar size and conditions.  You have to be honest with yourself, according to Jeff Lowe, a influential Chicago Real Estate agent.  You should put your property into one of three categories: (1) average; (2) above average, or (3) below average.

In rating your property you need to look at the condition of the home, structurally like the walls, ceilings, doors and windows.  Look at the paint, carpet, floors.  Do the bathrooms work.  The water pressure.  What about the electricity does anything need to be fixed.  How is the front and back yard?  Do they need to be worked on.  How you answer those questions will enable you to rate your home.

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Offer Price for Home

One of the hardest things to do when planning to buy a home is figuring out what to offer.  It is especially hard if you don’t have someone guiding you through the process.  Its always highly recommended to have a real estate advising you.  For those of you who don’t have one, we asked Jeff Lowe, a Real Estate agent.

According to Mr. Lowe, you should determine your offer price in three steps.  Bare in mind that you already know the seller’s asking price.  First, look at the recent sale prices of similar homes in the area.  Then look at the condition of the home, improvements on the home, current market conditions, and if possible the seller’s circumstances.  Are they trying to get rid of the home quickly for example.  In reviewing all those factors, it should have you come up with a competitive offer that you will have confidence in.

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Jeff Lowe’s Real Estate Experience

Jeff Lowe is the Vice President of Prudential Rubloff Properties and the President of The Lowe Group based on Chicago.  He was a Business, Finance, and International Business major at the University of Miami, Ohio.  Where he graduated in 1995.  After graduating he worked as a Real Estate Agent at C21 Sussex & Reilly.  He was at C21 Suxxex & Reilly for over eight years. He started The Lowe Group, in 1998 and has been there, serving as its President for the last 13 years.

Amount his achievements are:

  • Prudential Sales Awards in Residential GCI for the 1st and 2nd Quarters of 2010
  • Prudential Sales Awards in Residential GCI and Units Sold for the 3rd quarter of 2009
  • Ranked #22 in Prudential Rubloff’s PREA 100 for Residential GCI in 2009
  • 1st Place in Residentail GCI in Illinois for the 2nd Quarter of 2009.
  • #1 producing team nationwide for Century 21 in 2008.
  • Ranked #45 in Wall Street Journal & RealTrends Magazine’s Top Real Estate Teams in America in 2008.
  • #1 listing and selling agent for Century 21 Sussex & Reilly since its inception 9 years ago. Ranked as one of the top national teams for Century 21 from 2003-2008.
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The MLS

If you haven’t already used it, The MLS is a great website that list properties for sell throughout the United States.  Its a great way for buyers and sellers to see what type of properties are available, what prices people are asking for, and what they have sold for in the same area.  Its an invaluable tool to use when you are looking for a real estate agent because it pays to do research prior to interviewing your agents.  You will have an independent idea of what you are looking to buy or sell and the value of the properties that you want to buy or sell.

It will also give you a realistic assessment of the value of your property or what you can afford to spend.  So if you haven’t use their search function as a guest go check it out.  Its completely free and you have nothing to lose.

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Mortgage Rate Discrepancy

There is currently a huge difference between advertised mortgage rates and what is actually being offered by banks.  We all see those great mortgage rates at 4% and as low as 3.75% for a fixed 30 year loan but when you actually apply for those loans, what you find is that the rate offered to you is a lot higher despite your great credit score.  The reason is that lenders are not offering those super low rates.  Instead they are offering a higher rate and profiting the difference.  They can do this because of the poor housing market.  With little or no buyers, they don’t have to fight for your loan.  They can now pick and chose who they want to loan to and at what rate.  This also helps them increase their profit margins.

The lowest advertised rates are only available to those with pristine credit so don’t expect to receive what is being advertised when you seek for your home loan.

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Attend Open Houses

One of the best way to find a potential real estate agent is to visit their work and see them at work.  In the case of a real estate estate their work is at their open houses.  You can see the type of homes they sell and how they interact and treat their potential customers.  You can see how they advertise their products and their truthfulness as their interact with people.

This is especially true when you are selling a home.  You want to find an agent who is accustom to selling similar homes.  They will be able to easily assess the value of your home and have a market of customers that will be attracted to your home.

So get out there and visit similar homes in the neighbor and see who is selling the homes in your area.  This is very easy to do with the advent of the Internet.  Everyone home listing is online and their sell prices are online.

 

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Welcome to Find a Real Estate Agent

Welcome to our new blog.  Like the name of the site, the goal of this site is to provide insight on how to find a good Real Estate agent to buy or sell your property.  Owning real property is one of the greatest assets that one can acquire.  However, in everyone life time, there will be a time to buy and to sell those assets.  To sell your property at the highest prices or to locate the ideal piece of property to start a family with – it all requires the assistance of a great real estate agent.  We hope to provide you with insightful articles to find quality real estate agents in your local community.

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