Semantic Search Explained

Semantic SearchWhen I was growing up, last century, buying or renting a house in the laid-back city of Brisbane was a relatively straightforward, low-key affair. You asked your pals who was the Realtor in their community and you visited their office sometime in the week.

There were two implicit statements in this approach that, with time, have been completely lost. First that the Realtor was the most trustworthy person to do business with in the community when it came to buying or renting property, they were the ones with all the knowledge, expertise and vested interest.

They knew the community inside out, knew their business and worked to build up their reputation. Second that the Realtor’s interests and yours were roughly aligned. Yes, they wanted to make money, but they were not out to rip you off and as long as you understood that then the entire relational exchange was a little like two friends agreeing on a deal.

In retrospect it all sounds naively rustic, counter-intuitive to how we expect the world to run today when every deal needs to be inspected from every side and even then there is a good chance that something had been missed. Trust and alignment of interests seem to be notions that belong to a bygone century, not our fast-paced, digitally-enabled world.

Yet that’s where we’re headed towards in the 3.0 phase of the web that’s presided over by Google’s semantic search. As search gradually transits from an engine that provides probably answers to a search query that we then have to go through individually, ourselves, to one that provides answers, trust becomes a key component.

To work semantic search needs trust. It needs our trust in the veracity of the results it gives us and it needs, itself, to be able to work out the trustworthiness of the answers it provides. So a search, for instance, using Google Voice on mobile for “the best Realtor in Hopkinton” should produce a handful of choices that don’t just happen to be Realtors but are actually “the best”.

The way Google’s semantic search does that requires activities on its part that entail such complicated concepts as “entity extraction”, “relational identification”,  specific “data types”, “strings”, “alphabet sets”, and “arrays”. The end result however is that when it provides an answer that answer is trustworthy and for the Realtor using search to get prospects that’s pure gold.

Disregarding all the technicalities of this new search the question from a Realtor’s point of view is what does one have to do to make the “trustworthy” list? The answer to that is much easier to get a fix on than the mathematics of semantic search:

Semantic Search For Real Estate

Real Estate Semantic Search1. Establish Yourself. Not all Realtors are equal. Some specialize in rentals and others in high-end properties. Some will only deal with residential properties and others will focus on business properties. Your digital presence, anywhere, has to make this crystal clear.

2. Tell Google where you are. If you post content about Houston and happen to be active in Philadelphia you’re not really helping Google understand where you are no matter what you say. There are a number of ways to establish location including using Google Local for Business, your Google+ profile, your Google+ Page, your LinkedIn profile, your website, your blog and every digital presence you have which permits you to establish your location.

 A good example of what a Realtor can do to establish trust within their community and surrounding area is to create a community page that establishes their expertise. Check out this community page that covers Shrewsbury Massachusetts Real Estate, schools, demographics and other town data that a perspective buyer or seller may be interested in. Would you not agree that a page like this builds trust and expertise surrounding the town of Shrewsbury MA? If you are a Realtor this is one example of how you can build your credibility.

3. Tell Google what you do. If you’re buying and selling golf courses but only blog about the daily life of a Realtor you’re making it really hard for Google to establish your expertise. By all means write about your daily woes but also write about why not every golf course is a sound investment, for instance. How one goes about getting the finance necessary for buying a golf course and what are the signs that a golf course is a good investment.

4. Tell the world what you do. Don’t just write. In the age of connectivity time is critical and no one has a lot of it to spend on reading all the time. Videos, Gifs, pictures and Tweets, all form a rich tapestry of content that helps create a more granular picture of who you are and what you do.

5. Connect the dots. The semantic web is social. The sharing of your content across social networks, the connectivity you make between the people you meet and the content you share, all form part of a complex matrix where what you share, who you are and you do become part of a very detailed picture.

All of this of course presupposes two things (again). First that you have a very carefully worked out content creation strategy that allows you to slice-and-dice your ‘message’ and inject it into the content you create. Secondly that Google’s semantic search is good enough to piece it back altogether.

Google is getting there with the second. To win in the semantic web you’d better make sure you’re there with the first. Keep in mind while the example of semanti search here is a real estate agent, this works the same whether you are a lawyer, plumber, or other industry.

David AmerlandThe real estate article above was written by David Amerland who is one of the foremost experts on the subject of search engine optimization (SEO). David Amerland is the author of ‘The Social Media Mind’ and the best-selling ‘SEO Help’, ‘Online Marketing Help’ and ‘Brilliant SEO’.

His books on online marketing, SEO and the social media revolution have helped thousands of entrepreneurs build successful online businesses. When he is not busy writing he advises companies and start ups on social media strategy and gives talks about the social media revolution on the web.

He maintains his own blog at http://helpmyseo.com where you can find practical SEO and social media advice and spends more time online than is probably healthy.

You can follow both David Amerland on Google Plus  and Bill Gassett on Google Plus where you will find both using this great social media tool to create relationship with others and share content worth reading. We both hope to see you there!

{ 4 comments }

Closing A Short Sale

Short sales can easily take two to three times longer to complete than a traditional real estate transaction. Keeping this in mind it makes sense to be well prepared if you need to short sale a Massachusetts home. Follow the outline below and you will be well on your way to increasing your chances that you will end up at a closing table.

Hire A Realtor Who Closes Short Sales

Massachusetts Short Sale RealtorChoosing a Realtor who understands the short sale process is a critical one. On of the biggest stumbling blocks to short sale success is hiring any ole real estate agent to represent your interests in a short sale. Trust me there are Realtors taking short sale business who are absolutely clueless. Even though it is against the code of ethics for a Realtor who has no knowledge of short sales to list them, it happens all the time. In other words don’t choose the short sale Realtor pictured to the right!

Some of the first steps of a Realtor representing a short sale candidate include:

  • Conducting a thorough interview of the short seller
  • Establishing whether there is a valid hardship
  • Determining lender/lenders
  • Figuring out approximate remaining mortgage balance
  • Determine what type of loan i.e FHA, Conventional or Fannie Mae
  • Finding out if the seller is in default
  • If so finding out how long in default
  • Figure out if the seller is motivated and cooperative

If the short sale agent you are interviewing is not asking these questions then this could be the first clue this Realtor is not the right agent for the job! Once an agent has done their home work on the seller and has gone ahead with listing the home for sale, they then have to perform the function of finding the right short sale buyer. Finding the appropriate buyer in a short sale is a lot different than a standard real estate sale. You MUST have a buyer that understands the short sale process and is completely invested in the home.

What does invested mean? You want a buyer that is willing to wait the time it takes to complete a short sale and also go ahead with completing their responsibilities just like any other real estate transaction. Responsibilities include getting a home inspection done, signing a purchase and sale, and procuring financing. All of these things should be done prior to short sale approval NOT after. One of the biggest reasons short sales do not close is because of the Realtor not understanding how to properly represent a seller.

Work With An Attorney Who Closes Short Sales

Massachusetts Short Sale AttorneyThe attorney you use in your short sale can have a huge impact on whether or not you get to the closing and also get your desired terms. Just as a real estate agent should have experience in closing short sales so should the attorney if you have one. By the way in my opinion it is vital to have an attorney representing your interests in a short sale!

A real estate agent should not be practicing law which is exactly what happens when you have a Realtor who negotiates a short sale contract and approval letter. Luckily for me I have one of the best short sale attorneys in Massachusetts representing all of my clients! Here are some of the things a good Massachusetts short sale attorney will be doing to get short sale approval:

  • Understand and maintain lender guidelines
  • Secure forms for each lender and/or servicer
  • Run a title exam on the seller’s property
  • Identify any liens and/or encumbrances
  • Identify all individuals on deeds and mortgages

Complete Short Sale Package

Short Sale PackageOnce these things are done the short sale attorney will assist in sending a complete “short sale package” to the lender. The short sale package that is submitted to the lender will include the following items:

  • A short sale “hardship letter” which will explain to the lender why the seller needs to complete a short sale
  • The seller’s tax returns from the prior two years
  • The seller’s current pay stubs
  • An authorization letter from the seller stating the attorney will be communicating and receiving lender docs on their behalf
  • The listing agents contract and purchase and sale if available

The completeness of the short sale package is vital in a short sale and often times can hold things up if the lender does not have all the documentation when they ask for it. A good attorney confirm the lender has everything they need when asked for it. Often times negotiators will claim they never received documentation that was already sent. The attorney will also keep all seller financial information updated and forwarded to the lender every 30 days or as they require.

One of the biggest roles the attorney has is maintaining a constant line of communication with the lenders negotiator. When a negotiator asks for a document the attorney needs to jump on it right away.

Short Sale Negotiation

Successful Short Sale NegotiationFrom a seller’s point of view there is nothing more important than short sale debt removal. Whoever is negotiating the short sale for the seller plays the biggest role in a seller’s financial future. Again I would never recommend using a real estate agent to negotiate a short sale.  The attorney I use negotiates on my seller’s behalf and looks to get the best deal possible from the lender/investor.

For example lets assume for a moment that a seller is $75,000 short at closing. The role of the attorney would be to try to get the $75,000 short sale deficiency eliminated! Today it is a lot harder to get a short sale debt completely removed but that is the goal. In many cases the lender will not agree to a complete debt removal but will accept either a cash contribution at closing or ask the owner to sign a promissory note. In short sales the amount that a lender typically tries to collect is pennies on the dollar.

While every short sale is different, using the example above a lender could ask an owner to bring $5000 to closing and agree to waive the remaining $70,000 balance. Often times in a short sale an owner has absolutely no cash and it would be impossible for them to contribute anything at closing. In this case the lender may ask for a $15,000 note be signed at favorable terms. Again these figures are just examples but show the type of monetary contributions lenders ask for. Keep in mind lenders will check your finances and know when they can’t get blood out of a stone. One the flip side if they see you have money to contribute, the likelihood is strong they will ask for something.

Aside from the negotiation of the dollar amounts the short sale attorney should also be looking to eliminate the possibility the lender can come back after you in the future for any remaining mortgage balance. This should be completely spelled out in the short sale approval letter.

Short Sale Obstacles

Short Sale ObstaclesBefore you ever get to the negotiating table with a lender there can be obstacles that pop up along the way. One of the most common short sale problems is disputes over value with lenders. This is one of the more common issues and can easily derail the short sale if you are not familiar with how to tackle the problem.

In every short sale the lender will send out a representative who will evaluate the current market value. This is either done by an appraiser or another real estate agent. They will do an analysis of value and report their findings back to the lender. The lender unfortunately can treat this value as “gospel”.  You are at the mercy of whatever the agent or appraiser has to say as far as value goes.

Here is where the biggest problem occurs. Most of the time it is not an appraiser that will do the evaluation but a real estate agent that the lender chooses. Here is the rub. The agent who does this work for the lender generally gets paid $40-80 dollars to do hours worth or work evaluating the properties value. Can you guess what type of agent has the time or inclination to work hours and only get paid $40-80 dollars. If you guessed bottom of the barrel then you are right on the money. Sometimes the agent isn’t even from the area and knows nothing about local value and differences between neighborhoods. Pardon the French but it can be a real shit show.

When a lender is given an evaluation that does not make sense they will counter offer at some ridiculous value that makes absolutely no sense. This is where a skilled short sale agent comes in that knows how to dispute a foolish evaluation given by some nit wit who is practicing real estate part time on the side. I kid you not this happens far too often!

Picking the right short sale Realtor and attorney is a vital part of short sale success!

___________________________________________________________

About the author: The above Real Estate information on how to achieve short sale success was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of many Metrowest towns for the last 26+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

I service the following towns in Metrowest MA: Ashland, Bellingham, Blackstone, Douglas, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Natick, Northboro, Northbridge, Shrewsbury, Southboro, Sutton, Wayland, Westboro, Whitinsville, Worcester, Upton and Uxbridge MA.

{ 0 comments }

Using Google+ As a Real Estate Agent

 

David AmerlandThe following article is written by David Amerland who is one of the foremost experts on the subject of search engine optimization (SEO). David Amerland is the author of ‘The Social Media Mind’ and the best-selling ‘SEO Help’, ‘Online Marketing Help’ and ‘Brilliant SEO’. His books on online marketing, SEO and the social media revolution have helped thousands of entrepreneurs build successful online businesses. When he is not busy writing he advises companies and start ups on social media strategy and gives talks about the social media revolution on the web. He maintains his own blog at http://helpmyseo.com where you can find practical SEO and social media advice and spends more time online than is probably healthy. You can follow him on Google+ or Twitter @davidamerland.

There are few industries in the world that quite share as many challenges when it comes to online promotion as the Real Estate one. The busy realtor who struggles to carve up enough time to spend with potential buyers and sellers and still run his business, also has to contend with the demands made by the transition of marketing from traditional to digital.

Google Plus Real Estate SearchThere is a paradox here that must be addressed. While for most industries the transition from offline to online means greater opportunities and an increase in ROI due to the efficiencies achieved through the web, for the real estate industry as a whole it presents a real challenge. Real Estate, a proposition that is hyper-local, has to, somehow, also work on a global scale. Homes being sold in Texas may find buyers in Idaho. Villas in Florida can be bought by holiday home seekers in Britain.

Those looking to relocate from one State to another, or even one country to another, have to be able to find what they want outside their own search bubble. The realtor is expected to have a powerful presence in local search, achieve high rankings in global search and still run a business that has no regular hours and is plagued by a volatile target audience.

For realtors the only answer to the challenge represented by ‘online’ was to either specialize and hyper-localize in terms of both sellers and buyers in which case the issues raised by the complexity of being found through search became somewhat easier, or to put enough time and money into the digital part of the real estate business and hope the ROI worked. Either way the solution required curtailing the ability to work properly by either committing to a smaller, deeper part of the market or a greater expenditure of money. Both choices come with inherent risks.

Now however, there is another way.

The power that lies in “connecting the dots”

Real Estate Google Plus ConnectionsGoogle+ is frequently called in the media “Google’s Social Network” but it is a lot more than that. It is a set of powerful socialization tools that allow the creation of social signals right across the web. In order to quantify this a little let’s look at what is also frequently mentioned in the media as the “competing social network” to Google+ – Facebook.

The listing of a villa for sale in Florida posted on Facebook may get a little bit of interaction with some of those who see it, it may get re-shared a few times, particularly if it is a spectacularly appointed or expensively priced villa, but its finding a buyer has about the same chances that traditional, one-off print advertising offers or worse as at least the latter can lie around for a while the former will get buried in the stream within a couple of hours or so.

The chances then of the right person seeing it, at the right time, with the right mindset, are so slim that they hardly do justice to the effort involved in posting it. Now look at that same listing posted on Google+. The data is indexed by Google. The search engine notes that the listing is for a villa in Florida. It sees that those who interacted most with the listing come from Britain. It notes that the person who posted it frequently blogs about villas, engages in posts about real estate in Florida and interacts with realtors and clients who are based in the State.

The next thing you know a potential buyer doing a search on Google for moving services to Florida sees, in the suggested results on Google search, the name of the realtor who sells villas there. A different person using Google’s UK index to look for “luxury homes in the US” also sees the name of the realtor selling villas in Florida. And, if the realtor has done his homework and linked his G+ account with his website, they also see, each time, a thumbnail of his picture next to the suggested content that appears on Google search.

What has happened here is that by creating a breadcrumb trail of activity the clever realtor has engaged Google search to act as his personal real estate billboard, complete with publicity picture, when it’s relevant to the search query.

No more time wasters

Google Plus SEOThe key here is relevance. Search only works when it creates what is increasingly called, contextual value. There is little point in having your real estate listings show up on a search for Florida someone is carrying out as a school project, for instance. Here Google+ and Google become almost synonymous in purpose and the bridging link is data. But the gift is not just granted, you need to work for it.

The data you input in your Google+ profile, the connections you make, the interactions you have and the posts you place there are all part of an increasingly visible digital footprint that begins to define ‘you’ as an entity in Google’s search. That means that what you do and how, locally and globally begins to now make sense the way humans would understand it and machine search, in the past, didn’t. Which also means that you are then more likely to have a targeted audience in Google search than ever before.

If all this sounds like you can finally begin to achieve more in the digital world, in real estate, with less it’s because that’s exactly what it is. The caveat is that you will need to invest time in a content creation plan that will, in its totality, help create as complete a picture of you and your business as possible, link your website to your Google+ profile and behave online with the authority and expertise and generosity of advice and engagement that you do offline.

Do all this and suddenly the job of being a realtor will begin to sound a lot less demanding than it currently is. The time for using Google Plus For Real Estate is here! If you are a Real Estate agent reading this article don’t get lost in the shuffle! Google Plus can be a Realtors best friend if you know how to use it properly!

If you are in the Real Estate industry whether is be a Realtor, mortgage broker, or home stager make sure you join the Google Plus Real Estate Community. There are great discussion daily on a wide variety of topics related to Real Estate and how you can grow your business!

{ 24 comments }

Buyer’s Agent Representation For Short Sales

 

Massachusetts Short SalesIn every real estate transaction I am a firm believer of a buyer having representation. It makes perfect sense for a home buyer to have someone in their corner giving them guidance. Unfortunately when it comes to short sales I have found that so many buyer’s agents are not properly educated enough to do a proper job.

Short sales are not ordinary real estate transactions and as such an agent who has no knowledge should no even consider getting involved with one unless they have another agent who does mentoring them. While representing home owners who have needed to short sale their property over the last seven years I have noticed time and again real estate agents who don’t even understand the basics of short sales. If you are a buyer and are considering purchasing a short sale I am going to go over some of the basics below on what you need to understand before entering into one of these transactions.

Short Sales Take Time

Short Sale Closing TimeIf you are considering buying a short sale the first thing you need to understand is that they take far longer to purchase than a non-short sale. On average it takes around 90-120 days to get short sale approval. In some cases it can be a lot longer! For example if there is more than one loan on the property and both are “short” then you will need to get approval from both lenders. This will add time to the overall process of getting to the closing table.

It is also possible that the original  mortgage the owner had on their home was an FHA loan. If that is the case than you can prepare yourself for an even longer journey. As crazy as it sounds, it is quite possible it could take 6-9 months or longer to get to the closing table with an FHA loan. This is obviously a question your buyer agent should be asking right up front. Guess how many buyer’s agents have asked me this question over the last seven years? If you said zero you would be correct!

On some short sales Fannie Mae or Freddie Mac is the investor holding the note. There are many buyer’s and agents who will ask the question who is the lender? Lets assume for a minute the lender is Bank of America (BOA). That does not mean that Bank of America is necessarily the decision maker. They may not actually own the note and are just the “servicer”  for the investor.

There could be 20-30 investors that own notes that BOA services. This is one reason why one BOA short sale could be a nightmare and the next smooth sailing.  This is true of most lenders not just BOA. On some loans there could also be mortgage insurance in which case the insurer also has to approve the short sale. Are you starting to get the picture here? Short sales are one big bureaucratic mess. If you were thinking that short sale approval was as simple as  some dude was sitting behind a desk making decisions then you are wrong!

The long and short of all this is that a buyer’s agent should not get a buyer involved with a short sale transaction unless they have the time to see it through until the end. Keep in mind that a seller going through a short sale is in a tough financial position. The last thing they can afford is an uneducated buyer thinking it is fine to bail on them after a month because they are tired of waiting for a short sale approval to be issued.

Be Prepared To Spend Money

Short Sale InvestmentIn every real estate transaction there is risk. When you purchase a home some of the typical expenses a buyer should be prepared for are home inspections, hiring a lawyer for contract review, and applying for a mortgage. In many short sales I see buyer’s agent’s trying to structure the contract such that the buyer does not have to spend money on any of these things until there is short sale approval.

Sure it would be nice to go around in life to never have any risk in anything you do but that is not how it works when purchasing a short sale. Well actually let me rephrase that. This is not how it works in any short sale where I will be representing the seller! The goal in any short sale is to actually get to a closing. When you try to change the rules of real estate you increase the likelihood you will not be closing. There are reasons why a buyer should get their home inspection done, why they sign a binding contract and why they procure their financing prior to short sale approval. For a complete explanation of why a buyer should complete these tasks up front see reasons to reject short sale offers.  Being educated on the entire short sale process is vital.

Interview The Listing Agent

Massachusetts Short Sale RealtorsWhy on earth would you want to interview the listing agent you may be thinking? The answer is real simple….you want to be able to find out what the chances are that you will actually close on the home you are interested in purchasing. Closing short sale transactions are far more complex that a regular sale. The listing agent in a short sale should have experience closing them! This can not be emphasized enough. There is nothing more important in a short sale than the listing agent having a track record of success.

For example if the listing agent allows you to do a home inspection after short sale approval do you really think they have any clue what they are doing? Would they be representing their clients interest to allow this? Do you think there would be plenty of short sales that bit the dust right before closing if this was allowed?

Here is a detailed list of short sale questions for a listing agent. These questions should be able to help you get a better grip on whether or not the Realtor knows what they are doing. You should at the very minimum be finding out how many short sales they have listed and how many of those have closed. You should also be making sure that if your offer gets accepted the seller signs it and the home is taken off the market. Remember without a signed contract, the seller can accept a better offer from someone else.

Short Sale Low Ball Offers

Massachusetts Short Sale GambleIf you think short sales are an open invitation for you to offer some ridiculous price then you are wrong. The chances of a lender accepting something significantly under value is slim to none. What buyer’s agent and buyer’s need to understand is that the lender is going to verify that the offer the seller has accepted makes fiscal sense. The lender will either send out an appraiser or another real estate agent who will do an analysis of value on the home and send that back to the lender. The lender will use this information to form the basis of their decision on whether to accept, reject or counter offer.

It makes no sense for an owner to accept a low ball short sale offer. When a seller does this they have taken their home off the market for months and are almost assured that they lender will say NO! For a seller to accept a low ball offer would essentially be gambling away any chance they have for short sale success.

A short sale should be a decent value and more often than not slightly under market for what a similar property should sell for. Don’t expect the world though. Lenders are much tougher today with value and getting the most they can.

Short Sales Are “As Is”

Short sales are generally as is transactions. Don’t expect a seller to go out and make repairs after doing a home inspection. The whole reason they are doing a short sale to begin with is because they don’t have the financial means to keep the home. If you happen to do a home inspection and there is a major defect that you were not expecting what you should try to do is negotiate a lower sale price.

The listing agent will want to document the defect to the lender. They will do this by providing the inspection report to the appraiser or real estate agent who does the evaluation on their behalf. Do not expect to negotiate a bunch of silly “punch list” type of items from a home inspection. Go into the sale with an open mind knowing you will need to do some work.

_________________________________________________________________

About the author: The above Real Estate information on educating a buyer looking to purchase a short sale was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of many Metrowest towns for the last 26+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

I service the following towns in Metrowest MA: Ashland, Bellingham, Blackstone, Douglas, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Natick, Northboro, Northbridge, Shrewsbury, Southboro, Sutton, Wayland, Westboro, Whitinsville, Worcester, Upton and Uxbridge MA.

{ 2 comments }

A Look Ahead to The 2013 Real Estate Market

December 15, 2012

Tweet Underwater Nation: A Look at the New Year   The following article is a guest post from Jared Diamond who writes on a multitude of personal finance and economic topics. He enjoys sharing insights with broad audiences. Jared serves in a consultancy role with a dynamic set of personal finance companies. The views expressed [...]

4 comments Read the full article →

Buying A Condominium Using FHA Financing

November 2, 2012

Tweet Why Is FHA Financing So Popular?   I am excited to announce guest blogger Michael Dunsky from Guaranteed Rate Mortgage who will be covering some of the terrific benefits to FHA financing when you are purchasing a condominium. Michael has been one of my preferred loan officers for years and always does an exceptional [...]

3 comments Read the full article →

Maximum Real Estate Exposure

October 19, 2012

Tweet Maximum Real Estate Exposure in Massachusetts   As a top Massachusetts Realtor, one of the things I am constantly keeping aware of is how to make sure my clients properties and my business itself are marketed to the fullest. There are so many Realtors that don’t pay any attention to SEO or Social media. [...]

5 comments Read the full article →

Home Warranties vs Home Insurance

October 5, 2012

Tweet Home Warranties vs Home Insurance: What you need to know.   The following article is a guest post from Kaitlin Ziessler who is a blogger for American Home Shield. Her goal is to inform readers about the differences between home warranty and insurance plans. Other topics she blogs about include appliance repair tips and [...]

5 comments Read the full article →

Short Sale Negotiations|Seller Cash Contribution

January 23, 2012

Tweet Negotiation With Short Sale Lenders In working in the short sale arena for the last five plus years, I have seen lenders do just about everything when it comes to negotiating short sales with home owners. There really is no “standard” in short sales. The way one short sale file at one particular lender [...]

10 comments Read the full article →

What is Real Estate Title Insurance

November 29, 2011

Tweet Real Estate Title Insurance Explained When purchasing a home one of the things that buyer’s will be asked is whether or not they want Real Estate title insurance. Often times I find that home buyer’s lament over this decision because of the expense involved. Real Estate title insurance is certainly not cheap! While title [...]

8 comments Read the full article →

Credit Scoring Impacts Short Sale vs Foreclosure

October 11, 2011

Tweet It is probably safe to assume that most consumers like to work with folks they know can be trusted. In Real Estate, like some other businesses there are those that can always be counted on for delivering great advice and others that only care about their own pocket book. I always tell people some [...]

24 comments Read the full article →

A Guide To Mortgage Equity Loan Options

September 19, 2011

Tweet When looking to take money out of an existing home or other Real Estate borrowers often have a decision to make on what is the best method to do so. There are basically three financing options that are available to home owners. These include a cash out re-finance, home equity loan or a home [...]

1 comment Read the full article →

Fixing Your Finances After Foreclosure or Short Sale

August 15, 2011

Tweet There are not many things that can negatively impact your credit score more than a foreclosure or short sale. In fact one of the more common untruths you will hear from many Realtors is that short sales don’t impact your credit scores like foreclosures do. This is absolutely WRONG! If you fail to pay [...]

13 comments Read the full article →

Homeowners Insurance: Getting The Right Insurance Coverage

July 10, 2011

Tweet Homeowners insurance is not optional if you have a mortgage and is a very important decision you must make in order to protect what will most likely be one of your largest investments. To get the right amount of coverage at the most affordable rate for your home, condo or rental property, you should [...]

9 comments Read the full article →

Fixing Home Water Damage

June 4, 2011

Tweet If you have ever been in the unfortunate position of having a pipe burst in your home, a washing machine hose give way while you were gone for the weekend, or a finished basement become flooded by a 100 year storm, you know what a royal pain in the $#@ it is to clean [...]

13 comments Read the full article →

8 Reasons Why You Will Not Buy My Short Sale Listing

May 5, 2011

Tweet One of the grossly misunderstood topics in Real Estate is the short sale transaction. There are a large number of Realtors who unfortunately do not possess the knowledge to properly educate their clients on what should be expected of them when trying to make a short sale purchase. The problem is further exacerbated because [...]

56 comments Read the full article →

Disclosing Murder Suicide or Haunted Homes in Real Estate

April 12, 2011

Tweet While working as a Massachusetts Realtor over the last twenty five years one of the questions that always seems to come up is whether or not a Realtor is obligated to disclose a murder, suicide, haunting or other type of paranormal activity that may have occurred in a home or other Real Estate. Wikepedia [...]

20 comments Read the full article →

Buying a Home After Short Sale or Foreclosure

March 21, 2011

Tweet As a Realtor who has been heavily involved closing Massachusetts short sales over the last five years, one of the questions that I get asked quite often from home sellers is how long will it take before I will be able to buy a home again. The answer to this question does not have [...]

84 comments Read the full article →

Increasing a Credit Score With Home Finance Tips

March 7, 2011

Tweet Credit scores can have a dramatic effect on a borrowers ability to get the best rates for many types of financing including a home mortgage and a car loan. If your credit score does not meet minimum standards you may not even have the ability to get a home mortgage period! There are a [...]

12 comments Read the full article →

Rental Property Tax Law Changes

February 23, 2011

Tweet Here Ye Here Ye “Rental property tax law changes go into effect this year” Yes more great news for those who own Real Estate – NOT! If you are the owner of rental property there is a pretty significant tax law change going into effect for 2012. As of this year anyone who owns [...]

3 comments Read the full article →

Short Sale Realtor Mistakes

February 16, 2011

Tweet As a Realtor who has been successfully completing short sales over the last four years I get to see quite a bit of the inner workings of a short sale transaction. In many of the articles I have written about short sales, I have expounded on how important it is for a seller to [...]

13 comments Read the full article →

Lenders Choosing to Foreclose Instead of Short Sale Approval

February 7, 2011

Tweet Why would a lender foreclosure instead of approving a short sale? As a Massachusetts Realtor who deals with short sale transactions on a daily basis, I have seen and learned quite a bit since I started getting involved with these types of transactions four years ago. One thing that I am extremely proud of [...]

56 comments Read the full article →

Fannie Mae Mortgage Interest Rates & Costs Rising

January 30, 2011

Tweet Guest blogger Michael Dunsky from Guaranteed Rate is back again to take a look at the recent announcement by Fannie Mae that a borrowers costs and/or interest rate will be rising in the near future. Michael comes to the Massachusetts Real Estate blog on occasion because of his extensive knowledge on what is going [...]

3 comments Read the full article →

Considerations For Renting or Selling a Home

January 26, 2011

Tweet Suddenly out of the blue you have found out that a new position has opened up within your company and they are asking you to relocate your family to the other side of the country. The job opportunity is too good to pass up so you decide to take the position. You realize with [...]

5 comments Read the full article →

Bed Bugs in a Home Near You?

January 18, 2011

Tweet What are Bed Bugs? Lately, there have been many news reports about the growing problem with bed bugs.  As a Realtor working in the Real Estate  industry it is always important to stay up to speed with current laws and issues facing both buyers and sellers of homes and other property. Like any other [...]

9 comments Read the full article →

Short Sale Low Ball Offers

January 10, 2011

Tweet There is no question that short sales are like the wild West. Almost every single sale is different. Each lender and even the investors that hold the loan may have different procedures on how they want things done. There are some folks that believe that because a home is a short sale it is [...]

9 comments Read the full article →

Tax Deductions For Rental Property

December 29, 2010

Tweet Given that fact that I am a Massachusetts Realtor, I often get asked if I have any rental property. It is a pretty logical question as I work in the field and would obviously have access to the information necessary to get a pretty good deal on a rental purchase. Honestly I have never [...]

26 comments Read the full article →

Short Sale Lenders Lying to Mortgage Holders

December 21, 2010

Tweet Over the last few years while working with Massachusetts sellers looking to short sale their home I have encountered on a couple occasions folks that were deliberately lied to and told that a short sale was not possible. Fortunately these particular home sellers were savvy enough to realize their short sale lender was lying [...]

9 comments Read the full article →

203K Rehabilitation Loan

December 13, 2010

Tweet Guest blogger Michael Dunsky from Guaranteed Rate Mortgage is back to take to help review a popular mortgage program known as the 203k rehabilitation loan. The landscape of the housing market all over the country has changed drastically over the last few years. Foreclosures and short sales have become the norm not the exception. [...]

16 comments Read the full article →

Removing Radon From Well Water

December 7, 2010

Tweet Massachusetts Radon removal from wells One of the roles of any good buyer agent when selling a home to a buyer client in Massachusetts is to educate them on the home buying process including the “contingencies” that they should have in their Real Estate contract. The contingencies in a Massachusetts Real Estate contract usually [...]

1 comment Read the full article →

Short Sale Lawsuits Will Realtors Be Next?

November 29, 2010

Tweet Avoiding short sale lawsuits There is no question that in this economic down turn we have experienced over the last five years or so that short sales and foreclosures have become part of our everyday Real Estate landscape. Every week there are countless new short sale listings that hit the market in Massachusetts. In [...]

35 comments Read the full article →

Tax Breaks on Home Improvements

November 17, 2010

Tweet There is no question that there are far less people today that have the kind of equity in their home that they did five to ten years ago. In most areas across the country Real Estate values have dropped by a substantial margin decreasing the amount of folks who have capital gains concerns. One [...]

3 comments Read the full article →

Home Affordable Foreclosure Alternatives (HAFA)

November 5, 2010

Tweet What is a HAFA Short Sale? Over the last four years or so I have been helping numerous sellers successfully complete a short sale in and around the Metrowest Massachusetts area. Short sales are not for the timid at heart and require quite a bit of knowledge of proper procedures in order to get [...]

4 comments Read the full article →

Appealing a Massachusetts Property Tax Bill

November 2, 2010

Tweet Taxes on homes or other property in Massachusetts are typically based on two pieces of information including the towns property tax rate and the assessed value. Obviously the tax rate is set in stone and is not something that is going to be changed once it is put in place for that particular fiscal [...]

22 comments Read the full article →

Great Reasons to Refinance a Mortgage

October 26, 2010

Tweet Reducing your interest rate When interest rates are at record lows it creates an environment that is ripe for refinancing a home mortgage. There is no question that a mortgage on a home is usually one of the largest financial obligations that you will have in your life. It stands to reason that if [...]

2 comments Read the full article →

Solving Basement Water Problems

October 20, 2010

Tweet Working as a Massachusetts Realtor for almost twenty five years, I can say without question that one of the greatest fears of any home owner is having a water problem in their basement! When buying a home, the uneasiness of having a water issue will be magnified ten fold if the intention of the [...]

13 comments Read the full article →

Home Energy Saving Tips For The Winter Months

October 12, 2010

Tweet It is no secret that energy prices have been a big part of every Massachusetts home owners budget for the last few years. As we head towards Winter there are some fairly easy and inexpensive things you can do to save additional money and conserve energy. Some are fairly obvious and easy. Easy energy [...]

9 comments Read the full article →

Stopping a Foreclosure Via a Short Sale

October 7, 2010

Tweet Avoiding a Massachusetts Foreclosure Foreclosure is something that most people want to avoid at all costs. Nobody sets out to own a home and then see it taken back by the lender. Across the country this has become a common theme as ten’s of thousands of people are losing their homes due to an [...]

4 comments Read the full article →

How to Interview a Realtor With Great Questions

September 30, 2010

Tweet Realtor interview Questions Carefully interviewing a Realtor should be one of the most important things any home seller does when considering selling their home yet many do not. Having been in this business for almost twenty five years I have found this to be pretty fascinating. There are lots of folks that will make [...]

14 comments Read the full article →

Hail Damage to Roofs|Insurance Claims From Hail

September 21, 2010

Tweet Massachusetts Hail Damaged Roofs If you live in the Metrowest area of Massachusetts there is the strong possibility that the roof on your home may have been damaged by the hail storm that took place in May of 2009. You may be thinking to yourself that you remember the hail storm but looked up [...]

7 comments Read the full article →

Selling a Home in a Buyer’s Market

September 16, 2010

Tweet Selling a Massachusetts home in a buyer’s market The title of the article really should read buying and selling a home simultaneously in a buyer’s market. In my daily life as a Massachusetts Realtor I come across lots of folks who do not sell their home even though they want to. The thought process [...]

19 comments Read the full article →

Rhino Shield An Exterior Painting Alternative

September 8, 2010

Tweet Rhino Shield is something you may be reading about more and more in the near future. It is just starting to become popular as an alternative to painting a home. If you live in Massachusetts or any of the other the New England states you already know that our varied seasons can do a [...]

6 comments Read the full article →

Realtors Should Not Let Short Sale Investors Negotiate With Lenders

September 1, 2010

Tweet The reason why Realtors handling short sales should not let a short sale investor take over negotiations with a lender may not be fairly obvious. If you are a Realtor who works  short sales or are thinking about doing them here is where you really need to pay attention. Without a doubt we live [...]

25 comments Read the full article →

Massachusetts Title 5 Bedroom Count Deed Restriction

August 24, 2010

Tweet In Massachusetts the law governing septic system installation and maintenance is known as Title V. Whenever a home owner is going to be selling their home they will need to get what is called a Title V inspection done. In order to close on a property in Massachusetts you will need to have a [...]

6 comments Read the full article →

Beware of The Short Sale Investor|Short Sale Fraud

August 17, 2010

Tweet Any Realtor that regularly works with short sales is bound to come across a proposition from a potential buyer who happens to be a short sale investor. As a home owner you may have also at one time or another noticed some signs around town that say  something like “we buy houses” or “stop [...]

132 comments Read the full article →

Divorce and Selling a Home

August 9, 2010

Tweet One of the realities of being a Massachusetts Realtor is that I often encounter folks that are going to need to sell their home due to a divorce. The divorce rate today is higher that it has ever been. It is just a fact that people do not stay together for better or worse [...]

8 comments Read the full article →

Moving From a Home During a Short Sale

August 3, 2010

Tweet One of the questions I am often asked when consulting a Massachusetts home owner about short sales is whether or not it is alright if they move out of the home. Sometimes  life circumstances dictate that it would be more convenient to live somewhere else. The answer to this questions is an easy one. [...]

3 comments Read the full article →

Massachusetts Moving and Storage With PODS

July 27, 2010

Tweet If you are pretty observant like I am you may have  noticed a white container in a local yard that had in big bold lettering the word PODS and wondered what it was. PODS is short for portable on demand storage. More than likely a home owner who has one of these units is [...]

9 comments Read the full article →

Buying a Massachusetts Foreclosure Property

July 20, 2010

Tweet Are you considering buying a Massachusetts foreclosure property?   Investors that have a long term perspective of the Real Estate market understand that purchasing a bank foreclosure can be an excellent financial proposition. In the Metrowest Massachusetts area there are plenty of them around and they can typically be bought at a discount to the [...]

6 comments Read the full article →

When To Do a Short Sale Home Inspection

July 13, 2010

Tweet In most Real Estate transactions there is a buyers agent representing a buyer and a sellers agent representing the seller. In a traditional purchase, the home inspection is generally done within the 1st week or two after a contract has been executed by both the buyer and seller. This is know as a “home [...]

48 comments Read the full article →

USDA Loans For No Down Payment Financing

July 7, 2010

Tweet A USDA guaranteed loan is a government insured 100% purchase loan. This type of loan is only offered in what is considered a rural area. They are serviced by direct lenders that meet Federal guidelines. USDA loans (US Department of Agriculture) aka Section 502 loans are an excellent mortgage vehicle for those home buyers [...]

20 comments Read the full article →

Realtors Should Be Attending Home Inspections With Their Clients

June 30, 2010

Tweet In the Real Estate industry it is usually pretty easy to spot a truly dedicated Realtor who has a passion for their business. It is also just as easy to spot a pretender that does as little as they can get away with. Unfortunately, there are very low barriers to becoming a Realtor. Take [...]

55 comments Read the full article →

Fannie Mae Strikes Against Strategic Defaults

June 25, 2010

Tweet You may have heard or read recently about strategic defaults as this topic is all over the news. A strategic default is when a home owner walks away from their mortgage when they are still able to make the payments. The reason why a home owner would consider a strategic default and just walk [...]

25 comments Read the full article →

Home Warranty Benefits For Massachusetts Homes

June 22, 2010

Tweet Home warranties are something you see every now and then being offered by a Massachusetts home seller who is looking to provide a perk and piece of mind to a prospective home buyer. The seller pays for the warranty upfront and the Realtor advertises that the property comes with a home warranty. A home [...]

9 comments Read the full article →

Picking The Wrong Massachusetts Realtor Can Get Ugly!

June 18, 2010

Tweet As a Realtor, knowing how to market your services as well as a clients property online can be very powerful. In the Real Estate field it can certainly be the difference maker in whether or not a client chooses to hire you or NOT! It is not that hard to figure out that Realtors [...]

6 comments Read the full article →

Home Improvements With The Worst Return On Investment

June 14, 2010

Tweet One thing I have learned over the years while working as a Massachusetts Realtor is that many folks do not realize the correlation between making improvements to their home and what the corresponding return on investment will end up being. So many people blindly assume that every improvement they make to their home will [...]

10 comments Read the full article →

Massachusetts Home Buyer Turn Offs

June 10, 2010

Tweet Getting a Massachusetts home sold today is a lot more difficult than it used to be. The fact of the matter is that there are far fewer buyers that can qualify to buy a home today.  We all know that lending practices have tightened and rightfully so. There are also millions of people that [...]

10 comments Read the full article →

Fixing Credit Report Errors

June 7, 2010

Tweet There is no question that getting a home loan today is far more difficult than in years past. Gone are the days where anybody that had a pulse could speak with a bank or mortgage company and feel confident they would walk away with a mortgage. When you are looking to make a home [...]

3 comments Read the full article →

Should I Move or Improve My Massachusetts Home?

June 2, 2010

Tweet As a Massachusetts Realtor getting asked the question should I move to another home or improve on my existing home is something I hear fairly often. The answer to this question often depends on each individual home owners circumstances. Massachusetts home improvements are cheaper There is no question that now is a great time [...]

3 comments Read the full article →

Massachusetts Home Owners Insurance Savings Tips

June 1, 2010

Tweet One of the things that every Massachusetts home owner is required to have when procuring a loan for a property is to have home owners insurance. Most banks and mortgage companies will not give someone a loan unless their home is insured. Most loan documents will also give the bank the option of taking [...]

3 comments Read the full article →

Breaking a Massachusetts Real Estate Contract

May 27, 2010

Tweet When a Real Estate client expresses a desire to break a Real Estate contract you know the next few days of your life are probably not going to be too pleasant. When people are looking to break a contract it is usually a highly charged emotional event! In Massachusetts we are a two contract [...]

14 comments Read the full article →

Getting The Best Mortgage Home Loan

May 21, 2010

Tweet Getting the best mortgage home loan for your particular needs is all about doing the proper research so you can hand pick the program that works for your situation in life. There are numerous loan programs available to savvy home buyers. The most common loan programs are the conventional fixed rate mortgage and the [...]

3 comments Read the full article →

Acceptable Hardships For Massachusetts Short Sales

May 20, 2010

Tweet I have encountered quite a few people in my Real Estate travels that incorrectly assume that anyone who owes more money than their home is worth and wishes to short sell their Massachusetts home can do so with no problem. Sorry folks but it does not always work that way. In some respects it [...]

3 comments Read the full article →

Painting a Massachusetts Home with Duration Paint by Sherwin Williams

May 17, 2010

Tweet If you live anywhere in the New England region you know that are weather can go from being beautiful to down right nasty in the blink of an eye. Where I live in Massachusetts a homes exterior can take a terrible beating due to the elements. If your Massachusetts home has clapboard or wood [...]

4 comments Read the full article →

Marking a Property Under Agreement or Accepting Back Up Offers in Real Estate?

May 13, 2010

Tweet In Massachusetts when you are marketing a seller’s home and you procure a ready willing and able buyer to purchase a property you have hopefully started your journey to a successful closing. One of the things that Realtors are required to do is change the status of the property when we have a signed [...]

1 comment Read the full article →

Short Sale Tax Consequences

May 10, 2010

Tweet As a Massachusetts Realtor that has been doing quite a few successful short sales, one of the things I like to make sure of when I meet a potential client that is looking to do a short sale is to give them a complete understanding of how they work. Short sales can be complicated [...]

35 comments Read the full article →

Staging and Preparing a Massachusetts Home For Sale

May 6, 2010

Tweet Back in the boom times of the Real Estate market from the mid 1990′s until the mid 2000′s getting a Massachusetts home truly ready for the market was far less important than it is today. Every home seller today is in stiff competition with the next guy down the street with far less buyers [...]

5 comments Read the full article →

Why Most Real Estate For Sale By Owners (FSBO) Fail

May 3, 2010

Tweet One thing that makes the world go around is the desire to save money. Everyone likes to save a few bucks. In Real Estate saving a commission translates into big dollars. It is hard to blame anyone for wanting to save the type of money that is made when a Realtor sells a home [...]

27 comments Read the full article →

Picking a Dominant Online Metrowest MA Realtor

May 2, 2010

Tweet It is a fact that 90% of all home buyers start their search for a home online. The days of buyers using newspapers and magazines as a viable means to find a home are over! Keeping this in mind, the goal of any Realtor that is worth their commission is to make darn sure [...]

2 comments Read the full article →

Massachusetts Bedroom Misrepresentation With Septic Systems

April 30, 2010

Tweet One of the things that Massachusetts home owners who are serviced by a private septic system need to be keenly aware of when selling their home is to make sure they do not misrepresent the bedroom count. When a home is serviced by a septic system in Massachusetts the advertised bedroom count must meet [...]

31 comments Read the full article →

Realtor Communication Skills The Number One Complaint!

April 28, 2010

Tweet If you look at any of the National Real Estate surveys the number one complaint from consumers against Realtors who are representing home sellers is the lack of communication skills. There are countless stories of sellers signing a listing contract and then never hearing from their Realtor again unless they initiate the contact. Obviously [...]

6 comments Read the full article →

How Not to Sell a Massachusetts Home

April 26, 2010

Tweet Every week on the Multiple Listing Service (MLS) you see countless homes that come up “expired”. For those that are not familiar with the term, an expired listing is a home that did not sell. When looking over the possible common denominators of why some homes do not sell the reason is usually pretty [...]

3 comments Read the full article →

FHA Loans V.S a Conventional Loan

April 22, 2010

Tweet I am excited to announce guest blogger Michael Dunsky from Guaranteed Rate Mortgages who will be covering some of the great benefits to FHA financing. Michael has been one of my preferred loan officers for years and always does an outstanding job with his clients. Check out Mike’s terrific article on FHA Loans v.s [...]

27 comments Read the full article →

Why Accompanied Showings in Real Estate are a Big Mistake

April 21, 2010

Tweet In the Metrowest Massachusetts area where I am located it is pretty rare to see an accompanied showing. In towards Boston it becomes much more common place. Some areas around the country have them and others don’t. Why? Who knows but more than likely it has to do with tradition. I am glad the [...]

13 comments Read the full article →

Real Estate Pricing Ending in 900 May or May Not Be a Good Idea

April 19, 2010

Tweet When I 1st got into the Real Estate business twenty four years ago we used to carry around the big bulky MLS books. Back in those days this was how we knew what properties were on the market in Massachusetts. The internet was in it’s infancy and jumping online to look at properties was [...]

12 comments Read the full article →

Make Sure You Get Your Massachusetts Short Sale Debt Released!

April 16, 2010

Tweet If you are an avid reader of my Massachusetts Real Estate blog you probably have guessed that one of my passions is to help out those that are in need of completing a short sale. Massachusetts home owners struggling to make mortgage payments are often turning to doing a short sale as a means [...]

16 comments Read the full article →

Massachusetts Flooding and The Potential Pollution of Local Water Supplies

April 14, 2010

Tweet I am pleased to introduce guest blogger Ashley Connolley from Northeast Water Wells who is here to discuss some of the potential issues a home owner can face from the recent record breaking storms and flooding in the Metrowest Massachusetts area. Ashley was kind enough to drop by and give some things to consider [...]

1 comment Read the full article →

Real Estate Commissions Agent Bonus and Unethical Realtors

April 12, 2010

Tweet Many many years ago when I got into the Real Estate business every Realtor represented the seller. Consumers did not have the luxury of having a Real Estate agent in their corner to represent their best interests. Consumer law in Massachusetts however, changed in the 1990′s. Buyers are now afforded the opportunity to have [...]

19 comments Read the full article →

Massachusetts Home Sale Contingencies and Right of 1st Refusal

April 9, 2010

Tweet If you are selling your home in Massachusetts it is possible you may see a buyer try to purchase your home with a home sale contingency. In other words they write into the Real Estate contract that they will not have to proceed with buying your home unless they successfully close on the property [...]

7 comments Read the full article →

Questions to Ask a Short Sale Listing Agent as a Buyer or Buyers Agent

April 7, 2010

Tweet There is no doubt that a short sale is not your run of the mill Real Estate transaction. Anyone who has ever been involved with one as a listing agent knows there are a lot of hoops to jump through! On a national level there is a very high percentage of short sales that [...]

57 comments Read the full article →

Handling Offers When Selling a Massachusetts Home

April 5, 2010

Tweet One of my favorite things when selling a Massachusetts home is to receive multiple offers. I know there are a lot of Real Estate agents that hate this situation because on many occasions it can become contentious. When there are multiple offers on a home from a couple of different parties there is only [...]

26 comments Read the full article →

Massachusetts Tax Stamps and Other Costs to Sell a Home

April 2, 2010

Tweet One of the things that I have realized over the years while representing Massachusetts home sellers is the fact that many are completely unaware that there is a tax to sell your home! While it is true that if you live in Massachusetts you come to grips quickly that just about everything gets taxed, [...]

22 comments Read the full article →

Massachusetts Assessed Home Values Are Not The Same As Fair Market Value

March 31, 2010

Tweet As a Massachusetts Realtor who has been around the block a few times, I often come across things that are written and said by other Realtors that just want to make me scratch my head in disbelief. All this head scratching could partially explain why I started to lose my hair at such an [...]

19 comments Read the full article →

FICO Credit Scores and Increasing Your Creditworthiness

March 29, 2010

Tweet How to Increase a Credit Score   Credit scores are one of the largest factors that lenders use in evaluating whether or not to lend money to a borrower. Credit scores are designed to measure the risk of someone defaulting by taking into account various factors in a person’s financial history. If you are [...]

32 comments Read the full article →

Massachusetts Homestead Protection Act

March 26, 2010

Tweet The Massachusetts Homestead Protection Act is one of the biggest no- brainers for any homeowner in Massachusetts to take advantage off. Quite simply, an estate of homestead is protection for a persons residence from most creditors. The declaration of homestead protects the equity in your home for up to $500,000 in the event you are [...]

87 comments Read the full article →

Need a Massachusetts Short Sale Realtor? Don’t Pick a Short Sale Buffoon!

March 24, 2010

Tweet One of the biggest mistakes I see being made over and over again by those that need to short sell their Massachusetts home is picking the wrong Real Estate agent to work with. Don’t make this mistake and turn into Realtor road kill! The are an abundance of Realtors that are listing short sales [...]

19 comments Read the full article →

Testing a Massachusetts Well When Buying a Home

March 20, 2010

Tweet As a home seller or buyer in Massachusetts there are always questions that come up regarding testing the water when a home is serviced by a private well. If you happen to be buying a Massachusetts home that is serviced by a well and not by public water you better make darn sure that [...]

7 comments Read the full article →

Buying a Massachusetts Bank Owned Home

March 18, 2010

Tweet There are a few different ways in which a buyer of Real Estate could obtain ownership of a foreclosure. Here is a quick summary of the three possible scenarios: A pre-foreclosure where you are able to buy directly from the home owner before the bank takes over. This is commonly referred to as a [...]

10 comments Read the full article →

Real Estate Value Range Pricing is Nothing But Deception

March 17, 2010

Tweet Real Estate value range pricing is not that common in Massachusetts thankfully! The term value range pricing can also be known as “variable pricing”, “value range marketing” and “range pricing”. So what is Real Estate value range pricing exactly? It is when you list a home for sale and rather than going out on [...]

21 comments Read the full article →

Massachusetts Seller’s Statement of Property Condition

March 15, 2010

Tweet The Massachusetts sellers statement of property condition is a form that many Massachusetts Real Estate companies require their agents to have the seller sign. Massachusetts however, does not require these forms to be filled out as part of a Real Estate transaction so it is up to the individual company to decide if they [...]

15 comments Read the full article →

Price Per Square Foot is Misleading for Real Estate Values

March 10, 2010

Tweet Over the years working as a Realtor I have seen numerous home buyers as well as other Realtors try to use dollars per square foot as a good measuring stick for market values. Sorry folks but that is a very poor way to analyze value. There are a number of reasons why this is [...]

29 comments Read the full article →

Tax Deductions to Remember When Buying a Home

March 8, 2010

Tweet When you are getting a mortgage to purchase a home, there are certain deductions that the IRS allows that are well worth remembering come tax time in April. The following is a list of  some of the deductions that many people forget about when buying a home: POINTS Points on a home loan are [...]

24 comments Read the full article →

Massachusetts Property Tax Relief for Seniors

March 5, 2010

Tweet One of the things that Massachusetts seniors face in many of the destination towns where schools are top notch is the growing burden of higher taxes. There is almost always a correlation between a towns popularity and the market value of the homes. When you look at why property values are higher in one [...]

10 comments Read the full article →

What Kind of Massachusetts Realtor Do You Want?

March 4, 2010

Tweet There is a lot of talk in Real Estate circles about how Realtors should run their business in regards to returning either another agents or clients phone call. There are of course some pretty differing opinions amongst Real Estate agents themselves on what they should be held accountable to. There are quite a few [...]

7 comments Read the full article →

Massachusetts Public Open Houses Are a Waste of Time For Home Sellers

February 28, 2010

Tweet Yes… I am talking about the waste of time that thousands of Realtors continue to participate in week after week on Sundays in Massachusetts….THE PUBLIC OPEN HOUSE. Let me rephrase that…A waste of time for the seller of the home. This will probably come as a surprise to you but Nationally less than 1% [...]

31 comments Read the full article →

Stop Making Mortgage Payments During a Short Sale?

February 18, 2010

Tweet The question of whether a home owner should stop making mortgage payments during a short sale is a popular topic for sure! There are a lot of myths floating around when it comes to successfully doing a Real Estate short sale. One of the more prominent untruths is the fact that you need to [...]

105 comments Read the full article →

Selling a Massachusetts Home and Picking a Realtor

November 25, 2012

Tweet Selling a Massachusetts home today is not like it used to be back in the middle of this decade. Quite honestly when you needed to sell a home back then it was as easy as convincing a dog that table scraps taste better than what’s in his bowl. Boy has the Real Estate landscape [...]

0 comments Read the full article →