Friday, December 21, 2007
The car wash was held at the Shoe Dept in Ocean Springs, right in front of Ocean Springs Wal-Mart. We were there from 9-1. We will hold another car wash on January 13th from 11-3 to raise more money. If you would like to volunteer your time to help or make a donation please feel free to contact me. And please, come get your car washed on Jan 13th. Pass the word to everyone you know. Thanks.
Sgt Real Estate
Saturday, November 24, 2007
Friday, November 23, 2007
So what does this mean? It means that I am learning about all kinds of new and exciting things such as GO-Zone, Investor principles, and project planning just to name a few. I will be sharing information on these items as the days pass.
What does this NOT mean? This does not mean that I have turned my back to my military families or anyone looking to buy and sell homes. I still LOVE to do that and will continue to do so for a long time.
I'll stay in touch, so don't be a stranger.
BLOG DONE. CARRY ON!!
Sunday, July 29, 2007
It seems this Sargent Real Estate company in Maine is a family owned business whose last name happens to be Sargent.
As a ending note, I don't want any of you other Realtors trying to use Sergeant Real Estate, or the word Sergeant period in connection with real estate, because it is trademarked by me.
Blog Done. Carry on!!
Friday, July 27, 2007
It's 7:30pm on day 5 of your house hunt. You and you're Realtor have looked at 25 houses already. You've been everywhere from Gulfport, to Biloxi, to Ocean Springs and yet you can't find the right house for you. None of them say to you, "I want this to be my home." Well, there was that one on day 2, your remember right, the one behind the Wal-Mart in Ocean Springs that was perfect, that is, except for that kitchen. Man that kitchen sucked didn't it??!! But you loved the rest of that house, oh and your husband liked that work shed in the back yard, not that it really mattered that much to YOU did it, but you pretended like it did. Oh, what about that one in Biloxi, the one that didn't have the garage but you loved the rest of it and man what a great price it was. Now you've looked at home after home since those and not one of them have you liked. You can tell your Realtor is getting frustrated because they've started asking for gas money from you. So what do you do now? Just give up and settle for a house you don't like? Find a new Realtor? You can't have it all so you just have to choose the one that gives you the most of what you are looking for. Well, a lot of times these are the answers but it doesn't have to be. Not any more though!!
SO my new friend... sit back, while Sergeant Real Estate shoots some knowledge up your tail pipe!! Now, what if I said you to my friend, "friend I know a way you can buy that cute little house behind that Ocean Springs Wal-Mart and fix that kitchen too." Oh, and it would cost you next to nothing. Would you want to know how? Did you're Realtor know how? Oh did they just say, "well, we'll just keep looking." Good thing you dropped by site for some education.
There is this nifty little program called 203k which is offered by by FHA. This type of loan allows you buy a home and finance the rehabs all in one. You can do everything from just repainting the house to added a 4th bedroom. There really are only very few catches, it has to be a home you intend to live in and your after repair value can't exceed the loan amount. Other than that, it's fair game!! Oh!! And you can even use this type of loan as a refinance to fix up that house you live in now.
So does this sound interesting to you? To you want to go back and buy that house in Ocean Springs or the one in Biloxi that you loved? Are you not quit sure exactly what you need to do though? Give Sergeant Real Estate a call, or have your Realtor call me, and I'll help you out. I know the experts in this area and they can walk you through the process.
Now get out there and make your house your dream home.
BLOG DONE. CARRY ON!!
Monday, April 23, 2007
2. Gather intel- Once you've said "boy, I love that house," you need to do some research on the area the house is in, as well as the house itself. You should ask yourself, and have answered, these type of questions:
Where will the kids go to school? How far away is it?
Where are the things I need/want? Wal-Mart is a big one on everyones list these days.
How far am I from work? How far is my spouse?
Is the house worth the price?
What's the market around here? Will the house sell when I'm ready to move?
Do I need to consult a Realtor?
Which leads me into my next point.
3. Call for fire support- One thing all Marines are taught is to know when to fight and when to call for the bigger guns. While my M-16A2 may work really well on insurgents, it really has no effect on a tank. Know when to say you need help.
If you are new in town you have to face the fact that you just don't know the area. Don't be so full of pride that you can't ask for help. Usually a Realtor works for a buyer free of charge. Everybody loves free right? It's a heck of a deal. Do you know any doctors that will give you a free transplant? I don't. Realtors offer so much help and guidance when buying homes. Not to mention they have access to programs and services that can drastically cut down your search time. Use them. Seriously.
Realtors also help with my next point.
4. Remain camouflaged- In combat rule #1 is don't be seen by the enemy. If they don't know you are there, they can't defend against you. And even better they can not identify any possible weaknesses you may have, which means they can not exploit them.
When it comes to buying a home, never under estimate your enemy (the seller). They may seem to be the most friendly person you've ever met but remember, they are trying to sell there house and put as much money in their pocket as possible. There are so many things you could say to them, just through the course of normal conversation, that could drastically damage your bargaining position. By using a Realtor you are given the privilege of having a trained professional do your bargaining for you. They make sure those specifics of your life and financial situations, which may be bad for your position in the transaction, are kept secret. Once again, a Realtor can be a very valuable asset to you.
Finally we come to #5.
5. Ensure you have a proper exit strategy- No one ever plans an attack on a target and then stop with the target being eliminated. There is always a plan to get back home, move to the next objective, or whatever. Real estate is no different.
When you buy a house you should say to yourself, "self, when it comes time to sell, will this house sell easily?" When you buy the house and you notice things that are a turn off to you guess what? They will be a turn off to any potential buyers in the future when you go to sell. That busy street that's only 20 ft out the front door, or the fact the house doesn't have any covered parking, or it's 45 minutes from the nearest Wal-Mart, all of these things will be potential deal breakers in the future. Just food for thought.
I would like to leave you with one last thing. Although I do recommend using a Realtor such as Sergeant Real Estate (sorry had to plug myself), you can buy a home on your own. People do it all the time. Just make sure you do the research and make the right choices. Good luck and I hope this helps you.
Blog Done. Carry On!!
Friday, April 20, 2007
Thursday, April 19, 2007
Tuesday, April 17, 2007
Monday, April 16, 2007
Monday, April 9, 2007
Wednesday, April 4, 2007
Mississippi has a program called the "Mississippi Bond Program" that actually gives you money for a down payment to buy a house. Now how awesome is that? They will actually give you 3% of the purchase price, up to $200,000, to use as a down payment to purchase your new home. Now, the even cooler part. It can be used in conjuction with a FHA loan which only requires 3% down payment and they allow you to finance the remaining 97%. Do the math folks!! If they allow you to finance 97% and the bond gives you 3% that equals 100%. That's right!! You have to pay exactly 0% to buy a home; aside from any closing costs you are required to pay according to your negotiation with the sellers.
But wait, there's more. The program had a fixed interest rate of 5.78%, but it just got better. They lowered the rate to 5.4%. I'll say that again in case we didn't understand the first time, no offense of course. You get a 5.4% fixed interest rate for 30 years, 3% down payment GRANT given to you and you can finance the remaining balance. Now, I'm no mortgage broker, which I will never claim to be, but I don't know of ANY program that can top that offer, not even VA. Call your local broker and ask them about it, it's one sweet deal. And when you're ready to buy that house call me, Sergeant Real Estate.
Monday, March 26, 2007
As a side note before I leave you; do you think when you buy a house it's really yours? If so, try and not make, say about, 3 payments, then see who really owns the house? Not you! The mortgage company. Don't' know what that has to do with anything here but I just wanted to share that.
Thursday, March 22, 2007
Sunday, March 18, 2007
These are in no particular order with the exception of the first one.
1) Hire a Realtor- Seriously folks, this is without a doubt the best piece of advice I can give you. These people do nothing all day but study the market, stay current on home values, and help people find the perfect home for them. When you arm's broke you go to the doctor right? When your car breaks down you go see a mechanic? And when you're buying a home you go see a Realtor. It should be that easy.
But wait, you would rather find the home yourself than pay a Realtor to help you right? Wait this just in!! We now send it to Jimmy a Realtor in Another Place, MS with a breaking story. What do you have for the folks at home Jimmy? Well Mister and Misses home buyer, YOU DON'T HAVE TO PAY THE REALTOR!! They work for you for free!! Back to you Sarge. Thanks Jimmy.
Well folks this is usually the case because we make the seller pay us the commission. Ah, but you are still too good for all that. You know the market, you seen 3 houses sell in your neighborhood since you started rented that house in 1995. You know all about real estate. You don't need no stinkin Realtor to help you? I know me personally I wouldn't hire a Realtor if I was buying a home here in Biloxi or Ocean Springs; wait, that's because I am a Realtor here in Biloxi and Ocean Springs. How about I just tell you what you need to look for.
First off, if you are looking for a home on your own chances are you are trying to exploit the for-sale-by-owner group. I warn you to be careful. There are two main types of people who use FSBO signs. The first, novice home sellers who think they can save a buck by not using a Realtor. This people usually have no idea what the heck they are doing so I hope you do. Second and the most dangerous is the Real Estate Investor. I assure you, these people no exactly what they are doing and they will screw you over by any means necessary to put another dollar in their pocket. Be careful.
But you are still not convinced to hire a Realtor so let's try to educate you and hopefully save you some heartache.
1) Get Pre-approved- Well if you are going to tackle this on your own I would definitely suggest first knowing how much home can you afford. Go talk to a local bank or broker and get pre-qaulified for a home loan. This way you will know exactly what price range to look in. You could literally wastes weeks of your free time finding the perfect home only to find you can't afford it. That can be extremely frustrating. Talk to a professional who can help you understand the expenses of home ownership such as principle, interest, taxes, and insurance. Believe you me, insurance can be a back breaker on the Gulf Coast.
2) Location, location, LOCATION!!!!- Where do you feel comfortable living? Do you know the area? I can't tell you how many people I hear say things like " I wish I would have known about that area" or "I wish I would have realized how far away I was from everything when I bought this house," or " I love the house but I hate the bugs we have here all year round, I don't even like to walk outside." And believe me there are hundreds more things like this people say. Take time to think about the things that are important to you such as: the drive time to work; where's Wal-Mart, everyone has to be close to Wal-Mart right?; where will the kids attend school; etc. Believe me, no matter how much you like a home, if it's not in the right location you will end up resenting the fact you purchased it.
MAN!! Has anyone seen my soapbox?? I just put it down. Ah, there it is. Let me get back on this thing for a second. Can everyone see and hear me? Good. "If you would have hired a Realtor they probably could have helped you with this!!" Ok, I'm done.
3) Sellers disclosure- As a Marine Instructor there is one rule we all follow, Students lie!! As a home buyer you need to know the same is true of sellers.
By the way, do you like the thumbs down guy? He has no real relevance here, but I think he's pretty cool. What do you think? Anyway, back to the subject at hand.
Make sure the seller gives you one of these; they probably have no idea what it is. This is a little piece of paper that tells you, the potential buyer, everything that is pertinent to the home. How old it is. How it's constructed. Any damages such as flood or hurricane. Things that stay with the home when sold. Things that don't stay. And other very important information you need to know. It's also the law that they provide this to you and the seller can be sued if they intentionally lied to you to help sell their home to you.
4) Home Inspection- This is the last thing I'll leave you with.The reason being is I could make a book, not a blog, on buying a home. In fact there is one. If you forget to do everything else during the buying process, do not forget this step. Have the home inspected by a professional. This could save you thousands in home repairs after you purchase.
In summary, buying a home isn't child's play. Do your research. Make buying your home a great experience and avoid the possible nightmare. If all else fails and you realize it's more than you thought it was, hire yourself a good Realtor to help you out. Good luck.
Tuesday, March 13, 2007
Tuesday, March 6, 2007
Saturday, March 3, 2007
Friday, March 2, 2007
So what is real property? Well it's anything physically attached to the land? I know what you're thinking, isn't that real estate? Ah ha my fine man, you're quick. Yes often times the two words are used interchangeably. But let's be a little more specific on this one. Real property is all the things physically attached to your real estate plus your bundle of legal rights. Then naturally the next question is, what is this bundle of legal rights? Let's take a look.
1) Right of Possession- pretty much you own the property and are allowed to occupy it.
2) Right to Control the property in any manner you see fit, as long as you don't break laws. You can pretty much do anything you want to your house as long as you don't break laws; like you can't turn it into an ice cream parlor because that breaks zoning laws.
3) Right of Enjoyment- use the property in any manner which is still legal. No you can't turn your new home into this years biggest crystal meth lab. Sorry!!
4) Right of Exclusion- this means if you don't like me, you have the right to tell me to stay of your land. But you can't go shooting at me just because I knocked on your door.
5) Right of Disposition- basically this means you have the right to dispose of the property in anyway you see fit. You can sell it, will it, sell some of the rights, etc.
Okay, now let's look at some example of real property. The most obvious of these is the home itself. If you have a shed in the back, it's real property. The cabinets you put in last year, that's real property cuz it's physically attached to the home. That seems like a no brainer too, but believe me, people have tried to take their cherry oak cabinets with them. You laugh, it's true. Remember that antic crystal chandelier you got from your late grandma, you know the one hanging in the foyer, that's real property too now. So whats not real property? That fridge of yours that slides out easily, it's not real property because it's easily removable. The trees in the backyard, real estate. You're TV, not real estate, you kinda get the picture now?
So what's personal property? How does it differ from real property? It's anything that would transfer with you if you left the house. Your car, your bed, your food, anything that isn't physically attached. Remember that chandelier, the one that was real property. What happens to it if you take the down? Now it becomes personal property, pretty cool huh? What about that 100 acres of trees in the back yard. They were real property. What happens when you cut them down? Now they are personal property and you can do anything with them you want. In the real estate world we call this severance.
Let's look at the flip side. Let's imagine you've decided to put down a drive way in your yard. So first you go down to the local home supply store and buy cement to put down the drive way. By the way, as a side note, why do we park on a drive way and drive on a park way? I just don't get it. Anyway, I digress. Now I think we can all agree now that the cement is personal property but guess what it becomes when you lay the drive way down? That's right, real property. In real estate we call this annexation.
Well this concludes today's lesson.
Blog done. Carry on!!
Monday, February 26, 2007
You have questions? Oh, you think you’re entitled to them? You want answers? Of course not, you want the truth. YOU CAN’T HANDLE THE TRUTH!! Son (or daughter for those PC people) were live in a market where there are many homes! And those homes have to be sold by people with knowledge. Who’s going to sell them? You! You Mr. FSBO? I have a greater responsibility than you can possibly fathom. You weep cuz you want to save the commission and you curse the Realtors. You have that luxury. You also have the unfortunate “luxury” of not knowing what I know. Paying a commission, while tragic, probably will save you money. Using a realtor, while grotesque to you, probably saves you money! You don’t want the truth, because deep down in places you don’t talk about at parties, you want to use a Realtor, you need to use a Realtor! We use words like code, fiduciary responsibilities, and ethics. We use these words as the backbone of our lives spent learning our trade. You use them as punch lines! I have neither the time nor the inclination to explain my craft to a person (PC) who tries to save a dollar by trying to learn my craft and then complains about the manner in which I explain it. I would rather you just left a comment, said thank you for the advice and went about your way. Either way, I don’t give a darn what you think you’re entitled to. (A Few Good Men parody in case your were unsure)
While that little bit was amusing I’m sure you are seeking some true content. So hear goes. The Marine Guide to Home Selling for Biloxi and Ocean Springs Real Estate.
1) Press out your uniform- What’s the most memorable moment of any meeting? It’s the first impression. When a home buyer drives up to your nice piece of Biloxi real estate it should present an overall neat appearance. The house should be clean on the outside, if you’re house is white with hints of green, chances are those green accents aren’t a fashion statement. PRESSURE WASH YOUR HOUSE!!
2) A Fresh Hair Cut- I’ve never heard anyone, a home buyer or just personal friend, say, “you know David, I just love an overgrown yard.” Signs that it may be time to cut your grass or trim your hedges are things such as: while standing at the front door you can not accurately locate your mailbox; if you walk across your yard and the grass tickles your elbows; if it rains and your ground doesn’t get wet, these are all signs that it may be time to give the yard some TLC. Don’t forget to edge around those ears (sidewalks) also.
3) A clean shave- Take down the thirteen clocks you have on your kitchen wall. You may find it to be quite the display, others see it as an eyesore they can’t seem to look paste. And besides, are you so bad with telling time that you need 13 different birds to tell you the time every 15 minutes. Try to take you out of the house so the potential buyer can imagine themselves in the home. I know you love all the pictures of the yearly families escapades, but you want to allow the buyer to visualize they will be hanging their own memories on the walls. Not wondering what you did on your vacation. Not to say everyone will mind, but remember, we are trying to appeal to the masses.
4) Shine your boots- Let’s take a walk down the sidewalk of imagination. A business man walks up to you; he’s wearing a $1500 dollar Versace suit, I mean crisp, clean, press out, smelling good, everything. Can you picture this guy? Yea, that’s right, he’s the smooth character and all the ladies want him. That’s what you’re thinking. Then you look at his shoes and he’s got on some beat up old Nike’s. Now what are you thinking? You’re mind went straight to, what the heck is up with this guy? You just forgot about the rest of the package didn’t you? Same thing happens when a buyer walks into your house. You had them up until they saw your beat up carpet. By the way, is there even a vacuum cleaner in the same zip code as this rug? WOW!! And no, busted or broken hard wood floors doesn’t give anyone a nostalgia feeling.
5) Proper hygiene- Nothing at all is worse than talking to the guy at the office that drinks coffee all day and smokes like a chimney. You know who I’m talking about? Every office has one and he’s usually the guy that always likes to get really close so he can whisper some secret message to you. If you don’t know who this guy is ask yourself these questions? Do I smoke? Do I drink coffee? Am I that guy? If you answered yes to the first two, then the 3rd question is a yes also. Sorry man. Grab a tic tac, it’ll be fine. Anyway, let’s relate this to homes. Odors kill offers!! If it stinks like a pig, I’m sure you can fill in the rest. Make it smell good. And for my last tip today.
6) IF you’re 6’4 you don’t wear a small- In no way is a California King Size Bed ever appropriate for a 10 x 10 bedroom. On no planet, no market, no time!! Decorate and accommodate your rooms with an arrangement of furniture that makes it appear open and spacious. We’ll leave that at that.
So you wanted the truth? Well there you have it.
Blog Done. Carry On!!
Sunday, February 25, 2007
"I just don't understand why my home won't sell!!" were the words cried out by this home owner. I say "is there a home somewhere in that yard?? Hello!!" Did you ever think to trim your bushes and possibly cut your grass? Now I know I'm a Staff Sergeant in the military but today and today only I will play the part of a Captain. Please call me Captain Obvious? Now I recently wrote an article on how to market your home. But how do you get people to submit an offer once they do make it your house? Read on!!
TIP #1- Clean your yard. Trim the hedges, cut the grass, make a flower garden around the front of the house. Basically look at what this guy did, and then do the total opposite!! Natural is so 70's. Now in the Real Estate business we have a fancy term which only those in the business know about, but I'm gonna tell you. Come closer, I don't want anyone else to hear me because I could be drawn and quartered. It's called CURB APPEAL FOLKS!! How can you get people to buy your house if they don't even want to step foot inside it? Believe me, there are FAR too many nice homes with well trimmed yards in Biloxi and Ocean Springs. Now Capt. Obvious doesn't want to discourage you, but if your home looks like the home in the picture you may want to wear bullet proof vests from now on; you will be receiving a lot of future drive-bys!! Plant some decorative plants in the yard, FYI 20ft bushes covering the entire front of the home are not what I'm talking about. I can not invasive enough how important curb appeal is and for less than $200 dollars you can give your house plenty of it. CLEAN YOUR YARD!!
TIP #2- "Dude, that was a killer party last night! I can't believe how trashed my house got." Famous last words of a lost sale. Clean and organize the inside of the house. Would you buy a car that was covered in the unused portions of a canary's diet? Then why
would you think anyone would buy your house when the kitchen looked like the picture to the right? Who in their right mind would want to buy a house that's been neglected for years and years? I beat these people don't even perform proper maintenance and up keep on the home. Believe me, that's the impression your putting in the minds of the potential buyer; well they were a potential buyer. You better hope they don't have friends looking to buy too. Guess whose home won't get a reference. That's right yours! I don't care how nice your home really is, all those buyers see, and think, is this "this house is disgusting; I would never want to live here."
TIP #3- Organize!! I'll say it again, ORGANIZE your house. Yes it's true. It does take a great deal of planning and foresight to make your 14x14 living room accommodate your 3 couches and 2 love seats. And yes I know, it was the crowning moment in your life when you made the impossible, possible by accomplishing such a feat. Guess what your potential buyer thinks? Can you guess what it is? "This house is way too small for me!!" Did you guess that was what they were thinking? I hope you did. (If you didn't, maybe you should think about hiring an expert to assist you in your sell, just a thought.)Now if you want to sell this house you need to make it look as spacious as possible. It should look lived in yes, but it shouldn't look like all 65 boys from last summers boy scout camp live there.
FINALLY!!! PRICE YOUR HOME CORRECTLY!!! If you want to sell it, you better know what it's worth. Now let us consider the facts. You're selling one house, that's it. How many homes do buyers look at before they buy? Lots!! So who do you think knows more about how much your home is worth? You guess it, probably them. (Plus they may have a buyers agent working for them. Those Realtors are pesky little creatures aren't they?)If you don't know what your home is worth, you better high someone who does. These are mythical creatures known only to exist in fairy tales, but I'll share another secret with you. Once again I must be very cautious, so please come close again? THERE CALLED REALTORS!!! ( That's 2 for Capt Obvious!!) Just because your moms, ex- husbands, younger sisters, ex-boyfriends, mom sold her house for $300, 000 in up state New York doesn't mean your Biloxi or Ocean Springs home is worth that. PRICE YOUR HOME CORRECTLY!!! Did I say that already?
Now get out there and sell your home!!
Saturday, February 24, 2007
1) Cable TV advertising- this works really well for Biloxi and Ocean Springs Real Estate. The reason why is because many people know channel 13 shows homes for sale all day long. Its a great way to advertise your real estate for sale in Biloxi and Ocean Springs. Here's where it gets tricky though, do you know who to call? Do you know what to say to promote your home correctly? Or better yet, what not to say? Is it worth your money if it doesn't bring in the buyers? Of course it isn't!! But I bet a trained real estate professional would know what key words to use to bring buyers to your home. But hey, you want to save money buy not using a Realtor. By the way, you may get 3 of 4 calls if you're lucky. Notice I said calls, not viewing. Huge difference!!
2) Newspaper ads- These are really a great way of letting a seller know you are actively advertising their home, other than that, they are almost useless. But just because they are useless doesn't make them cheap; if memory serves me right, it's about $25 dollars a day to run an add in the Sunherald. Oh and it's an extra $100 dollars to run it online at sunherald.com. And remember, if the real estate your trying to sell is in Biloxi or Ocean Springs, you're probably just throwing your money away, atleast in the paper anyway. Oh yeah, and there's that little business about knowing what to say in your ad again. Boy, marketing can be really difficult if you don't quite know what to say, or not say for that matter. You may get 2 or so phone calls if your lucky and run it for a month straight. Think about it, did you look in the paper to find this info? Who does anymore? It's all about the Internet today. Which brings me to the more powerful marketing tips.
3) Multiple Listing Service- Now this is one of the most powerful methods of advertising. Why you ask? Well I'm glad you asked that question, here's why! Because the MLS is your link to every other Realtor in the area. All you have to do is be a Realtor with access and magically hundreds of local Realtors know you're home is for sale now. So plan your real estate sell well in advance so you can attend the necessary schooling to get qualified to take your test, that's right, you have to pass a pre-licensing course before they even allow you to take the test to get your license. And then guess where you get to go to take your test? Not Biloxi or Ocean Springs, not even near by Pascagoula, nope, you get to drive all the way to Jackson. I'm sure your asking, why is it so important other Realtors know that my house is for sale? Think about it, buyers, that's right BUYERS, love to use Realtors. That means Realtors bring you potential buyers and lots of them. Maybe you spotted a nice piece of land in Ocean Springs and you and your spouse have your master real estate design all planned out, it's the home of your dreams! But you've gotta sell that home in Biloxi first. Wow!! You just missed out on an EXTREMELY powerful tool.
4) Website exposure (aka Internet)- Now you want to hope on the technology bandwagon, you realized the paper wasn't all it was cracked up to be. But how do you market your home on the net? I can hear the pleads now, "help me Sergeant Real Estate, I want my home sold so I can carry on!!" OK, here's what you do. You spend countless hours researching websites that service residential real estate websites in the Biloxi and Ocean Springs area. Then you decide which one is best for you. You pay them a small advertising fee, I'm sure it will be minimal so don't worry too much about it. And presto, now your home is on one of the billions of website
online. Now you have a static website advertising your home for you. That's all there is to it. Now when someone who is looking exactly for your type of home happens to come across this website, which by the way they were linked to by mere chance by results from a search engine, they can call you and possibly be a potential buyer. Or.... you could use a Realtor who already knows the best sites to put your home on, that's right sites, as in the plural version of site meaning multiple. Sites which actually draw traffic to them. And your Realtor should have his own site which they advertise Biloxi and Ocean Springs real estate for sale. One of which will be your home. A place like http://www.sergeantrealestate.com/ or http://www.teamgreenerealty.com/, my brother out of Tampa Florida.
Well that's enough real estate marketing tips for today. If you're planning to sell real estate in the Biloxi or Ocean Springs area, I hope you found this article helpful.
Blog Done. Carry On!!
Sunday, February 18, 2007
I'm sure investors are wondering why I bring this up. The reason is this, as an investor you need someone who can not only help you locate property but also someone who can recognize the deals. Someone who knows and understands your goals and objectives. I also happen to be a Real Estate Investor in the local area and while not on as grand of a scale as the previously mentioned investments, I do understand the goals and objectives. Please feel free to contact me, I would love to help you.
Saturday, February 17, 2007
Friday, February 16, 2007
I just wanted to take some time to share with you Sergeant Real Estate's philosophy on being a Realtor in Ocean Springs / Biloxi MS.
Blog Done. Carry On!!
Monday, February 12, 2007
What is a sellers agent? A sellers agent is the Realtor that represents you when you are selling your home. Remember how good of a job your Realtor did for you as a buyers agent? So why do most people shy away from Realtors when it comes to selling. The honest answer, people think they can save money if they do. Did you read my blog on "Are Realtors worth the money?" I recommend it. They are responsible for marketing your property. Which sounds like an easy thing. But if you think that all that takes is putting an ad in the paper and have an open house, think again. Or better yet, read my blog on "Biloxi FSBO (for sale by owner) mistakes."
Just like with a buyers agent, the sellers agents purpose is to look out for their clients best interests. I have a philosophy, if you look at clients as a paycheck you will always be chasing a paycheck; but, if you take care of people the money will eventually come. That's how I treat my clients. I'm looking out for you. Sorry got off on a tangent. That pretty much sums up a sellers agent.
But what is disclosed dual agent? This usually works like this and this is how I explain it. Lets say after I have listed your property mister seller, a gentlemen calls me because he saw my sign in your yard, or ad in the paper, or TV ad or whatever. He says to me "I love that house, I don't care how much it is, I want to buy it right now. Where do I sign?" Wouldn't you want me to get him a contract and sell your house to him? Naturally you say yes. Well Mr Seller, when that happens I would then become a disclosed dual agent because now I represent both of you. The good news is I'm still going to be looking out for your best interests, but I will also now do the same for him. But I can't tell him anything that would be detrimental to your position nor can I tell you anything that would hinder his negotiating position. Also, if another agent in my office sells your home as a buyers agent for another client, we would become a dual agency. The reason being is because we are still under the same brokerage. I hope that all makes sense.
As a final note, regardless of the relationship you and your agent have they owe you certain rights. We call these fiduciary responsibilities. They are as follows;
Loyalty- means your agent is looking out for your best interests
Obedience- means your agent has to obey your lawful instructions.
Disclosure- means your agent will tell you everything they know about the property, the situation or whatever it may be that will help you.
Confidentiality- means that anything you tell your agent is told in confidence and will not be shared with the public. ie, your going through divorce, your spouse died, you have to move by next month, or you are willing to pay 3 times what the house is listed for, etc. The agent protects their clients interest.
Reasonable care and diligence-means your agent will use their skill and education to take care of you throughout your transaction and be there as a guide throughout the process.
Accounting- means your agent will carefully and diligently handle all moneys or entrusted documents you place into their care.
I hope this has shed some light on the types of relationship you and your agent may experience.
Remember the perfect agent for you is the one that takes care of your needs and you feel comfortable with.
Blog Done, Carry On!!
Friday, February 9, 2007
A good rule of thumb is this; the total of your PITI should be no more than 28% of your gross (before taxes) income. Many times on bank websites they will have calculators to help you "estimate" what your monthly payments will be. These estimates only include your principle and interests, not your taxes and insurance. And believe me, those two things can make your $800 dollar "estimated" payments become $1100 dollar, or more, actual payments. This doesn't include possible private mortgage insurance (PMI) that lenders require if your loan to value ratio is too high. Many first time home buyers have never heard of this.
Bottom line here is this first time home buyers; buying a home isn't rocket science but it does require some research and understanding of all the details associated with the transaction. My recommendation is to ask a Realtor for help. We don't just find you homes to look at, we educate you on the market, the procedures, the terms, and numerous other things in order to look out for your best interests. The real estate world is full of sharks who love to swallow up any new comers. As a first-time-home-buyer you should demand your Realtor educate you about the buying process and owning a home.
In summary, there are many things a first time home buyer needs to know when purchasing. You could waste countless days researching trying to figure out what it is you don't know or you could spend a few hours with a good Realtor and learn from a friend. I hope this helps you out.
If you would like more first time home buyer tips go to my website www.sergeantrealestate.com and click on "Contact Me," leave your contact info and I'll be in contact with you within 24 hours.
Blog done, Carry on!!