The AgentHarvest Blog | Real Estate Market

How Banks Deal With Foreclosures Will Determine The Real Estate Market’s Future

By Bill Petrey, Realtor

The expected drop in future home prices over the next few months could depend less on mortgage rates and buying trends than on how banks manage their OREO (other real estate owned) portfolios, know as REO by investors. The huge number of foreclosed homes being reclaimed by banks, is starting to occupy a large . . . → Read More: How Banks Deal With Foreclosures Will Determine The Real Estate Market’s Future

30% Of Memphis’ Realtors Are Forced To Quit The Real Estate Industry

By Bill Petrey, Realtor

The turbulent residential real estate market of the last three years has proven too much for a large number of real estate agents. The lack of home sales has weeded out lots of real estate agents who saw the industry as a part-time job, a hobby or thought it was an easy way . . . → Read More: 30% Of Memphis’ Realtors Are Forced To Quit The Real Estate Industry

Homebuyer Tax Credit Or Not – Can The Housing Industry Survive The Debate?

By Bill Petrey, Realtor

If our government wants to improve the housing market, the last thing they can afford to do is spend months debating it. Homebuyers that may qualify for a future tax credit, are going to postpone their home-buying plans until the Administration decides whether or not to proceed with yet another homebuyer tax credit. If . . . → Read More: Homebuyer Tax Credit Or Not – Can The Housing Industry Survive The Debate?

FHA Insurance Premiums Going Up Over 63%

By Bill Petrey, Realtor

According to Texas A&M’s RECON newsletter, the Federal Housing Administration (FHA) is going to increase monthly insurance premiums starting with mortgage transactions created after October 4, so lock in your lower monthly insurance premium on FHA loans before the rates go up. After October 4th, we can expect to see monthly insurance premiums on . . . → Read More: FHA Insurance Premiums Going Up Over 63%

Lies Real Estate Agents Tell Homeowners With Expired Listings

By Bill Petrey, Realtor

In this highly competitive market real estate agents jump on expired listings. So, when your listing expires you can expect a flood of calls from real estate agents eager to win your listing starting the morning your listing expires or gets canceled. Unfortunately, this is going to be a vulnerable time for you because you are probably not happy with the real estate agent you’ve been working with over the past few months and are ready to make a fresh start with a new real estate agent but don’t want to make the same mistake of picking an agent that can not sell your house a second time.

Expect calls from lying real estate agents trying to weasel their way into your home to steal away your listing. Failure to see through their lies may result in hiring a real estate agent that you will not be happy with. Here are a few of the most common lies you’ll hear from real estate agents when your listing expires.

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Prepare For The Real Estate Selling Season By Enhancing Curb Appeal

By Bill Petrey, Realtor

Preparing to sell your home in the Dallas / Fort Worth area? Spring is the start of the selling season for real estate so this is a good time to start planning for it. Before you talk to an agent, here are some things you should consider doing to your house’s exterior to improve your houses’ curb appeal.
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How Is The Real Estate Market Doing In My Area?

By Bill Petrey, Realtor

Two of the most common questions we receive at AgentHarvest is “how is the real estate market doing in my area” and “at what point in today’s real estate market should I sell my house?” Depending on whom you ask, answers may vary. Ask a real estate agent and they’ll all say “NOW!” If you read the press releases from the National Association of Realtors, you’ll detect a “glass half full” optimistic spin on the market whether it’s going up or down. If you read the newspaper or watch the news, they love to put a negative spin on it because disaster stories make great news, even if they have to sensationalize it a bit to increase ratings. All three venues have their own motivation for their slant or spin so who should you believe? ME of course!
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When is the Best Time Of The Year To Sell My House?

By Bill Petrey, Realtor

The real estate market fluctuates every year regardless of the state of the economy or the current condition of the real estate market. These cyclical fluctuations have traditionally fallen along the seasonal calendar year. Spring and summer are the best times to sell, fall is okay and the winter months are usually the slowest time of the selling season. Another way to look at this cyclical selling season is by comparing it to the seasons of flowering plants and convertible cars. The time of the year to sell your house is when plants are blooming and pretty, and when you have the urge to drive around in a convertible. « Continue reading article »

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