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Blog 3 days ago
Stupid Negotiating Tricks: Appeal to Pity (or Falling for Appeal to Pity)

A while ago, another agent in my office got an offer and brought it to me for feedback. The listing was range priced over a $30k range, and priced...

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Blog 6 days ago
If You Don't Think Agents Are Valuable, Do It Yourself

And I mean that literally. Do it all yourself with no begging for free property advice, free help, free negotiations help, free real estate...

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Blog 2 weeks ago
How To Buy Bargain Real Estate

There are two main sources of bargain properties. The obvious one that everyone knows about is properties fresh on the market where the owner doesn...

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Blog 2 weeks ago
Credit Lines: Number and Length of Time Open

from an email: On a related note, I hope you might have some advice for us. My husband and I just sold our condo. But we are NOT buying at the...

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Blog 2 weeks ago
Save For A Down Payment or Buy Now? (Part 2 of 2)

(click for Part 1 of Save For A Down Payment or Buy Now?, which deals with the basic question of how well saving for a down payment increases...

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Blog 3 weeks ago
Being Realistic Saves Money on your Mortgage

If you haven't heard about the thirty year fixed rate mortgage, welcome to planet Earth and I hope we can be friends. The thirty year fixed rate...

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Blog 3 weeks ago
Buy Now vs. Wait: Some Practical Hypotheticals

The original appeared in April 2006, but has been updated for changes I am hoping to buy in the (city) area and am reviewing the possibilities....

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Blog 3 weeks ago
Real Estate "Pig In a Poke"

Over five hundred years ago in Europe, there was a con game that was more practiced than any other con game in the history of the world. It was...

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Blog 1 month ago
Agents "Buying" Listings: Promising the Undeliverable and Hurting Their Clients

Quite a lot of the time when I view a property, I get requests for feedback. Usually it's an automated email. Other times, it's some office...

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Blog 1 month ago
What is Real Estate Worth?

One of the most common questions in real estate is "What is this property really worth?" The easy answer is the same as the deepest, most profound...

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Blog 1 month ago
Trying to Buy Real Estate Below Market

This question: What real estate office can I trust to help buy below market house in (location) California? brought someone to the site and I have...

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Blog 1 month ago
Definition of Purchase Money, Cash Out, and Rate /Term Mortgages

Purchase Money: This is a loan that enables you, in combination with your down payment, to actually purchase the property. If you spend cash to buy...

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Blog 1 month ago
What Exactly do First Time Home Buyers Need?

That's one of the questions I've been asked, and it deserves an answer. Know that there is some flexibility to the answer, as there are embedded...

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Blog 1 month ago
Unsustainable Loans You Should Not Use to Purchase a Property

You've probably heard the horror stories, and I've mentioned the possibility more than once. Some unsuspecting person is looking at properties...

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Blog 1 month ago
Lump Sum Payments on a Mortgage and Alternative Investments For the Same Money

This visitor came from a search engine on this search: This is one of the smart things you can do. Not necessarily the smartest, mind you, but...

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Blog 1 month ago
Choosing Buyer's Agents By Commission Rebate: Penny Wise, Dollar Foolish

I got this email the other day, responding to one of my Hot Bargain Properties posts on my other site: I am currently working with a coworker with...

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Blog 1 month ago
Why Buyers and Refinancers Should Think About a 5/1 ARM

Right now, due to the problems we had with unsustainable loans, nobody wants to consider anything but a thirty year fixed rate loan. I understand...

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Blog 1 month ago
How to Use Internet Based Real Estate and House Hunting Sites

As with anything you find on the internet, the critical thing to keep in mind with internet real estate is that it is subject to input control. In...

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Blog 2 months ago
Shop Loans By The Bottom Line To You, Not By What the Provider Makes

When it comes to mortgage loans, people get distracted by the darnedest things. Let's look at Wal-Mart. You think they got to be the largest...

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Blog 2 months ago
The Benefits and Limitations of Assumable Loans

Every once in a while, the subject of assumable loans comes up. An assumable loan is one where the owner of a property has the ability to pass the...

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Blog 2 months ago
Sixty Second Public Service Announcement About Selling Real Estate

Here was an idea I had: Pack a list of the most important things consumers need to know about buying real estate, as packed into the words I can...

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Blog 2 months ago
Why Buyers Should Avoid Short Sales

I've been saying this for a long time: Short sales are poison for buyers. I don't know why people encourage buyers to look at short sales, because...

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Blog 2 months ago
My Sixty Second Public Service Announcement about Buying Real Estate

Here was an idea I had: Pack a list of the most important things consumers need to know about buying real estate, as packed into the words I can...

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Blog 3 months ago
Consumer Due Diligence on Real Estate and Mortgage Loans

Or: Please don't believe everything you read on the internet! Rarely a week passes by that I don't get a request from someone to link to their...

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Blog 3 months ago
Losing Property Value with Highly Leveraged Properties

(This was originally published March 18th, 2006. I've added a couple updates, but otherwise it's as published. It's still very relevant, and if...

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Blog 3 months ago
The Ideal Listing Commission and its Structure: Performance Based

Here's the real issue about commissions: They need to be structured to incentivize good results - rewarding those agents who do good work,...

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Blog 3 months ago
What Happens When You Can't Make Your Real Estate Loan Payment

I've written a lot here about how to manage your mortgage so that you control it instead of it controlling you. Let's consider what happens when...

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Blog 3 months ago
The Push Towards Bigger Loans: Why It Happened and How Consumers Suffered

One of the consumer attitudes I encounter constantly is the feeling that if you cannot afford the loan, the lender will not loan you the money....

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Blog 3 months ago
How to Tell A Good Real Estate Market Article From A Bad One

Don Henley has a fun song off his second solo album called "Driving With Your Eyes Closed". I can't find a video performance, but here are the...

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Blog 3 months ago
The Basics of 1031 Exchanges

Section 1031 of the IRS Code has to to with tax treatment on the exchange of one parcel of real estate for another. It's similar to Section 1035...

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