Archive for the ‘Real Estate Listings’ Category
Monday, April 13th, 2009
Results from a study just released by HomeGain revealed an ongoing ’tug of war’ between home sellers and real estate agents. According to the survey, 50 percent of homeowners said their houses should be priced 10-20 percent higher than agents have recommended. Conversely, 60 percent of real estate agents reported that prospective buyers are telling them that home asking prices are still too high.
One thing we can learn from this study is that one of these groups is certainly wrong. Either home owners are unrealistic about what their houses are worth or agents are too pessimistic about what the home will sell for.
On one hand, agent’s have more knowledge about the market than the average home seller does and they do talk with buyer’s every day. Yet, real estate agents have an incentive to push prices lower. The lower the price, the faster the sale, the quicker they can ring the cash register and move on to the next deal. So, what should a home seller do???
- Ask 3 real estate agents what they would list your home for. Ask questions and understand the reasoning behind their different price recommendations.
- Know your competition. Check out every house that is for sale in your area, price and size range. Visit Open Houses to verify the condition and ammenities being offered by the competition. Use InfoTubes and InfoBoxes on for sale signs to gain helpful insight about homes for sale in your neighborhood. Explore property MLS listings on Realtor.com.
- Visit New Home Subdivisions. All things being equal, most buyers would chose a new home over a pre-owned home, if everything was equal. Find out how builders are pricing new homes that are similar to yours. Keep in mind that builders also offer thousands of dollars in incentives or special financing, and they include these things in their asking prices. Try to learn everything you can from the builder and deduct the incentives and specials that you can’t match from their asking price to get a realistic look.
- Visit your county property tax database. Most counties provide sales and comparable home information online. Your local taxing department is the final authority about what homes actually sold for.
Remember that homes are selling every day, if they are priced right. While seller’s want to hold out for the best offer, agents want to make quick sales. The real truth about asking versus selling prices lies somewhere in between, so home seller’s need to check their facts, first.
Thank you for visiting InfoTube.net. Please search our site to learn about thousands of great deals on real estate or if you are selling or renting a home, place a Free Home Listing with our compliments.

Tags: real estate marketing, Set asking price
Posted in For Sale By Owner (FSBO), Home Statistics, Latest News, Real Estate, Real Estate Listings, Selling Your Home | No Comments »
Friday, April 3rd, 2009
Calling all Frank Sinatra fans. You now have a chance to own a piece of Rat Pack History for only $4.8 million.
Villa Maggio, Frank’s desert hideaway, located 30 minutes from beautiful Palm Desert, CA is up for sale. Mr Sinatra named the gorgeous estate after the role he played as Private Angelo Maggio in the movie “From Here to Eternity”.
Some more interesting facts about Sinatra’s Villa Maggio include:
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Old Blue Eye’s built his desert hideout in the 1970’s. He used it as a getaway for his family and friends.
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The property sits on 7+ acres and is perched over the valley at an elevation of around 4300 feet.
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The estate includes a main house, two guest houses, swimming pool, heliport and lighted tennis courts.

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The Rat Pack traveled on the Pines to Palm Highway to reach the mountain top hideaway, or they they flew to Palm Springs, then Sinatra helicoptered them to the property.
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Sinatra owned the property for 12 years, then donated it to Loyola Marymount University, which sold it for $1.4 million in 1989.
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The property is presently owned by a celebrity.
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Sinatra designed the kitchen in the home himself. He loved to cook, especially pasta dishes. His kitchen has remained unchanged through the years.
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Thank you visiting InfoTube.net. We hope you enjoyed taking a wonderful walk down memory lane with us. Please accept our invitation to place a Free Property Listing on our website, or search our database for thousands of great deals on homes for sale or rent.

Tags: Fun Stuff, home for sale
Posted in Fun Stuff, Latest News, Real Estate, Real Estate Listings | No Comments »
Monday, March 30th, 2009
According to the National Association of Realtors (NAR), the number of people who purchased a vacation or investment home fell by 30 percent last year. And, more than 40 percent of those who did purchase a second home paid cash.
“We expected vacation home sales to fall given the impact of a declining economy”, said Lawrence Yun, chief economist for the NAR. “A steady share of investment-home sales results from buyers taking advantage of deeply discounted prices in many areas, with a smaller portion of new homes in the sales mix”, state Yun.
Vacation and second home sales mirrored the sales for primary residences in terms of price declines. The median price of a vacation home dropped to $150,000 in 2008, down from $195,000 (or, 23 percent) from 2007 levels.
Other Findings from the March Survey are:
- Who was the “Average Buyer” of Vacation Property in 2008? The average age of a vacation home buyer was 46 years old. They purchased a property that was generally 316 miles from their primary residence. Their median household income was $97,200.
- Who was the “Average Investment Home Buyer in 2008? The average age of an investment buyer was 47. They earned a median income of about $85,000 and purchased investment property nearby their primary residence. The median distance for an investment purchase was 19 miles from their home.
- What type of Property was purchased for a Vacation Home? 70 percent were detached, single family residences; 18 percent were condo’s; 5 percent town or row houses; 7 percent other.
- Types of Property Purchased for Investment: 64 percent were detached single family homes; 22 percent condos; 8 percent town or row houses; 6 percent other.
- Where did Vacation Home Buyers Shop? 26 percent bought in small towns; 23 percent rural areas; 23 percent resorts; 20 percent suburbs; 8 percent cities or urban areas.
- Where did Investment Buyers Shop? 28 percent purchased in the suburbs; 20 percent in a city or urban area; 23 percent rural area; 8 percent in a small town; 6 percent in resort areas.
Hopefully, the survey results will help home sellers picture who the likely buyer of their vacation or investment property may be. Picturing who the customer is likely to be is important when target marketing to their needs.
Please visit InfoTube.net to place a FREE property listing, or search our database for thousands of great deals on homes of all types. Thanks for visiting and let us know if you have any questions or comments in the space below.

Tags: housing news, investment property, real estate marketing, second homes
Posted in For Sale By Owner (FSBO), Home Buying Tips, Home Statistics, Latest News, Real Estate, Real Estate Listings, Selling Your Home | 1 Comment »
Tuesday, February 3rd, 2009
If you think that banks or lenders are like desperate seller’s, who are willing to do anything in order to find a buyer for their home, think again.
Picture Your Serious Offer Here. Banks are completely under staffed in their REO and loss mitigation departments. Buyer’s and their agent’s report a wait of up to four weeks or more, before a file is assigned to a negotiator, who may or may not, open the file and start to process the offer.
My Way or the Highway. In addition to understaffing problems, lenders adhere to a strict checklist of requirements. If one item is overlooked or missing from their checklist, the file is routinely placed back on the bottom of the pile, where it can take weeks to resurface again.
Don’t Call Us, We’ll Call You. Lenders are famous for being non-responsive to offers, even if they are at full asking price. As a practice, banks hold offers and wait for better ones to come in, before responding. If you find yourself in a “multiple offer” game, be extremely patient. With a little luck, you may hold the winning bid, as other buyer’s drop out due to anger and a lack of patience.
Real Sellers Take Solice. While these cash ready buyers are pulling out their hair in frustration, both buyer and agent are powerless in communicating with or motivating the lending giants. If you are selling a property, you can easily give yourself a huge advantage by responding to offers in a timely manner, extending courtesy to prospective buyers, and by providing access to and information about your home when ask.
Get Ready, Get Set, Stop. Buyers seeking a foreclosure need to accept that both they and their agent’s are in powerless positions. Anyone who attempts to play the distressed property game, needs to accept that their efforts to buy a home will be futile, unless they have all the time in the world and the patience of Job.
Thank you for visiting InfoTube.net, a free homes for sale website. Check out our home listings, seen no where else. Find great deals, minus the insults and hassels.

Tags: buy a home, foreclosures, Home Buying Tips, home selling tips
Posted in For Sale By Owner (FSBO), Home Buying Tips, Home Statistics, Mortages and Loans, Real Estate, Real Estate Listings, Selling Your Home | No Comments »
Tuesday, December 16th, 2008
In light of the numerous frauds, schemes and lack of regulation in the “once revered” securities and banking industry, real estate is beginning to look like the only safe haven for your money.
Unlike stocks, bonds and other exotic investment vehicles, real estate investors own something that they can see, touch, smell and enjoy. In other words, “Real estate is Real”.
While many unfortunate victims of the Madoff and banking ponzi schemes, may be forced to fire sale their mansions on millionaire road, I don’t see a huge negative impact on area’s like Palm Beach, FL. There are simply too many ultra rich people on this planet, licking their chops at the prospect of getting a deal on trophy property, that was at one time unattainable. These individuals are simply waiting on the sidelines, with cash in hand, to swoop down on a deal of a lifetime, with bragging rights included.
We are also beginning to see “the real estate is real” phenomenon take hold in other parts of the US, as well. Housing sales are up in Las Vegas, Palm Springs and other desirable second home communities.
Thank you for visiting InfoTube.net homes for sale website. Please feel free to anonymously post any comments or questions you may have.

Tags: investing, Real Estate
Posted in For Sale By Owner (FSBO), Home Buying Tips, Home Statistics, Mortages and Loans, Real Estate, Real Estate Listings | No Comments »
Wednesday, December 10th, 2008

InfoTube receives a number of questions about buying and selling property. But, the two questions ask most often are “Are there any photo’s of this property?”, closely followed by “Is there more than one photo of this home?
The importance of providing quality, multiple property photo’s and video tours can not be understated. By referencing the Point 2 chart above, you quickly see that the more photo’s equal more interest. And where you find interest, you find more offers and more sales.
When observing buyers who are shopping for a home on the internet, the following pattern is obvious and consistent.
- Ad’s with NO Photos: Buyer’s completely ignore these listings and move onto the next house.
- Ad’s with One Photo: Buyers’s click on these ad’s, but when they look for more pictures and find none, they become immediately disappointed and skip to the next house.
- Ad’s with Multiple Photo’s: These ad’s are viewed 10 times more (exposure) than those without photo’s. Buyers stay focused on these ad’s (interest) for 5 times as long, as those without multiple photo’s. These ad’s are bookmarked 90 percent more often (offers), which drives the buyer back to your listing.
- Ad’s with Multiple Photo’s and Video Tours: These ad’s receive the most attention, by far. They are also more “sticky”, with Buyer’s spending an average of 4 minutes gazing at these home ad’s. For seller’s who know they need to make their listing memorable, nothing does the job like a simple Video and multiple photo’s.
If you have a home to sell, don’t under estimate the power of visual media when it comes to web appeal. 90 percent of all home buyer’s shop on the internet, which is a multi-media platform. If you aren’t supplying a lot of high quality pictures and a good video, buyer’s simply ignore your property and spend their time researching your competition.
If you are not providing great photo’s or video of your property, then you are not doing the marketing, which is necessary to sell the home. If your agent isn’t providing these things, they aren’t marketing your property, either.
Take some sage advise. Grab your digital camera and start shooting today. If you don’t know how, make it your New Year’s Resolution to learn something new. In any type of market, pictures and video can make the difference between selling or not.
InfoTube.net offers Featured Home Listings with video tours and a 20 photo slideshow for only $19.95. The upgrade never expires and is good until your home sells. If you don’t have a computer or digital camera, InfoTube will create your Featured Home listing for only $10 more, so no excuses. Upload those photo’s and video’s today, or let InfoTube do the work. Buyer’s are waiting.

Tags: marketing, photographs, Real Estate, video
Posted in Dear Infotube, For Sale By Owner (FSBO), Home Statistics, How to Create a Good Home Ad, Real Estate Listings, Selling Your Home | 2 Comments »
Tuesday, December 9th, 2008
Selling real estate is a lot like fishing. It is a number’s game. More lines in the water mean more bites. More bites mean that you greatly increase your odds of landing the big one, in record time.
One option for increasing the odds of selling your home is to maximize the internet. 95 percent of all home buyers search for property on the web, so it is crucial to have as many lines (or links) as you can possibly have.
One way to reach 8 million home shoppers each month is with a turbo charged internet marketing package, like one offered by Why 6 Percent. The Y6 listing package advertises your property until it is SOLD, on the most popular, heavily trafficked sites for real estate on the world wide web.
For only $299, the WHY 6 Listing Package includes:
- A listing on Realtor.com, the most visited real estate website in the world. Also included, Y6 will upgrade your listing on R.com with 25 photo’s, remarks and attention-grabbing scrolling text.
- A listing on Craigslist.com, another great website for real estate, drawing millions of home shoppers each month.
- A Featured Home listing on InfoTube.net, one of the top “by owner” sites in the country. Listing includes 20 photo slideshow, video tours, free legal forms, free color brochures, map based searches and more. Listings placed on InfoTube are automatically uploaded to Google, Youtube and other sites that accept by owner listings.
- A Personal Web Address to use in all your print advertising.
- Phone Hotline provides your contact information to home buyers 24/7.
- Podcast- Add one to your webpage for even greater exposure.
- All listings remain Active until your home is SOLD.
- Low one-time fee of $299 for the entire package.
For more information, call 1-800-381-9496 from 9-5 EST, Monday - Friday, or email haline@why6percent.com to take advantage of this fantastic opportunity.
Thank you for visiting InfoTube.net and best of luck on the sale of your home.

Tags: advertising, for sale by owner, home for sale, real estate marketing
Posted in For Sale By Owner (FSBO), How to Create a Good Home Ad, Real Estate, Real Estate Listings, Selling Your Home | No Comments »
Tuesday, November 25th, 2008

If you have a property to sell, we have 5 proven marketing idea’s that you should consider. In addition to our guarantee of more buyer attention for your property, these tips are FREE and EASY to do.
5 Surefire, Guerilla Real Estate Marketing Tips for Sellers
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Use an
InfoTube or InfoBox and keep them FULL at all times. Buyers love the convenience of curbside home info, which is the reason your brochures disappear so quickly. Nothing is more disappointing than an empty InfoTube, and it leaves the impression that you could care less about selling. Print plenty of brochures and be vigilant about keeping your tubes and boxes filled. There is no better advertising, and the price is literally a piece of paper.
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Place a listing for your home on every website that provides free home classified’s. 90 percent of home shoppers begin their search on the web and multiple site listings increase the odds of your property being seen. 3 MUST’s for your real estate listings are
InfoTube.net,
zillow and
craigslist.
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Network- Place your home listing information on your myspace or facebook page. If you Twitter…Tweet your house
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Post on Real Estate Forums. Contribute to real estate forums and include the link to your home listing in your signature.
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Do a Video Tour. Video is a great way to show off your property and surrounding neighborhood ammenities. Highlight scenes that enhance your still photo slideshow. For example, if your area has a park, new school, nice shopping or great view, grab your digital camera, shoot and show us. Sites like
InfoTube.net feature home video tours on their home page and they upload them to youtube automatically.
If you have a few bucks to spend, nothing increases your exposure to home buyers like an MLS listing. For $399 you can buy a showcase listing on Realtor.com for 6 months, and still sell your home yourself. The combined traffic to the MLS real estate hubs is around 8 million visitors per month. 6 months times 8 million shoppers=48 million prospective home buyers.
Happy Thanksgiving and thanks for visiting InfoTube.net.

Tags: free websites, marketing, Real Estate
Posted in Flat Fee MLS, For Sale By Owner (FSBO), Fun Stuff, How to Create a Good Home Ad, Real Estate, Real Estate Listings, Selling Your Home | No Comments »
Thursday, November 13th, 2008
Although the logic escapes me, many Realtors do not provide sales prices, when advertising homes for sale. They operate on the old, tired business practice of printing teaser ad’s or brochures, that force customers to call or email a sales person. This annoying ”game” is a disservice to buyer and seller, alike. But, many agent’s still hide basic property information, attempting to latch onto an unwitting customer they can flip into some type of sale.
The new Google Base website for home listings circumvents this questionable and irritating practice, by revealing the hidden sales prices for listed homes.
Tip for Buyers: If you are house hunting and resent the phone tag game, go to Google Base to find the hidden asking prices. Refuse to track down any sales agent to get basic information. Unfortunately, for the innocent home seller, I always eliminate properties from my candidate list, when I discover the listing agent is a game player. I simply move on to the next listing that is represented by someone who values my time and intellegence. Life is too short to put up with a listing agent who plays hide and seek with the home seller’s information.
Tip for Sellers: If your home is listed with an agent, have them acknowlege in writing, that they will provide easy access to all information about your home, including the price. Make sure they use an InfoTube or InfoBox to ensure that home information is readily available to drive by traffic. Seller’s, you don’t profit from missed buyer inquiries, nor do you benefit from an agent flipping potential buyers to other listings. A good agent will give your home as much exposure, to as many people as possible. And, they will utilize all means, low and high tech, to provide instant information when the customer wants it…even while they are sitting in front of your home.
Thank you for visiting InfoTube.net. Please let us know if we can assist you in the sale of your home or help you with an MLS listing.

Tags: advertising, buying a home, marketing, realtors, selling a home
Posted in Flat Fee MLS, For Sale By Owner (FSBO), Home Buying Tips, How to Create a Good Home Ad, Real Estate Listings, Selling Your Home | No Comments »
Wednesday, November 12th, 2008
Prediction: 2009 will be a good year to be a landlord, as five factors collide to make rents rise in 2009.
- 1. An estimated 1.9 million homes will be foreclosed upon in 2009, which will tranform these former homeowners into tenants.
- New construction will grind to a halt, which means fewer rental properties will be available.
- As credit remains tight, potential buyer’s will be forced to renew their current leases after they are turned down for a mortgage.
- Consumer fear and an uncertain employment picture will keep would-be, credit worthy buyer’s on the sidelines, meaning less turnover in rental housing.
- Thousands of Americans who have been burned by recent homeownership will decide that ownership is not worth the risk and trouble. They will sign a lease for the ease and flexibility, and happily return to rental living.
Investors and Landlords Take Note: This convergence can be summed up in two words. Higher Rents. As the demand for rental units outstrips the supply, the upward pressure on rental rates will occur naturally.
To view great deals on homes for sale by owner, visit InfoTube.net. Click the link to Search anonymously for the freshest listings on the web, without pesky ad’s or dead listings.

Tags: 2009, predictions, Real Estate, rental property, rents
Posted in For Sale By Owner (FSBO), Home Buying Tips, Home Statistics, Property Management, Real Estate, Real Estate Listings | No Comments »
Thursday, November 6th, 2008
How long does it take to sell a home in your town or city?
| CITY |
DAYS ON MARKET |
| |
|
| OAKLAND, CA |
113 |
| NEW ORLEANS, LA |
157 |
| DALLAS, TX |
165 |
| CINCINNATI, OH |
192 |
| CHARLOTTE, NC |
70 |
| HOLLYWOOD, CA |
80 |
| PHILADELPHIA, PA |
76 |
| LOS ANGELES, CA |
84 |
| PHOENIX, AZ |
155 |
| HOUSTON, TX |
83 |
| CHICAGO, IL |
162 |
| SAN DIEGO, CA |
65 |
| SAN JOSE, CA |
92 |
| DETROIT, MI |
175 |
| JACKSONVILLE, FL |
197 |
| MEMPHIS, TN |
110 |
| BALTIMORE, MD |
115 |
| BOSTON, MA |
64 |
| SEATTLE, WA |
76 |
| WASHINGTON DC |
74 |
| LAS VEGAS, NV |
97 |
| PORTLAND, ME |
64 |
| LOUISVILLE, KY |
85 |
| ATLANTA, GA |
127 |
| ALBUQUERQUE, NM |
32 |
| FRESNO, CA |
111 |
| NORFOLK/VA BEACH, VA |
35 |
| ASHEVILLE, NC |
142 |
| BELLEVUE, WA |
123 |
| VENTURA, CA |
20 |
| LAKE KEOWEE, SC |
186 |
| PORTLAND, ME |
72 |
| PANAMA CITY, FL |
206 |
| PHILADELPHIA, PA |
102 |
| LOUISA CO., VA |
124 |
| BULLHEAD CITY, AZ |
126 |
| WOODLANDS, TX |
80 |
| ASHLAND, MA |
109 |
| AUSTIN, TX |
68 |
| TWIN CITIES, MN |
104 |
| DES MOINES, IA |
99 |
| ST LOUIS, MO |
102 |
| NEW YORK CITY, NY |
198 |
| LOWER EAST SIDE |
175 |
| UPPER WEST SIDE |
146 |
| UPPER EAST SIDE |
175 |
| WEST VILLAGE |
250 |
**Thanks to Linda DeVlieg for alerting us to the error of our ways, darn it…The Average Days on the Market for Albuquerque, NM is around 72, not 32 ):
To view listings of homes for sale, click HERE.
Selling Tip: If your home has been on the market for a lot longer than the average days for your area, it signals that something may be wrong with your price, property condition, location or marketing exposure.
To increase your exposure to buyer’s looking for homes, consider an MLS listing. The MLS reaches more than 8 million buyer’s per month. Hand’s down the best advertising you can do for the money. Seller’s can post a free home listing at InfoTube.net, increasing your internet exposure for FREE.

Tags: average days on market, dom, Real Estate, statistics, us cities
Posted in Flat Fee MLS, For Sale By Owner (FSBO), Home Statistics, Real Estate, Real Estate Listings, Selling Your Home | 2 Comments »
Monday, September 22nd, 2008

Property auction
Real estate auctions are a fast and efficient method for selling property. They work on the principle of competitive bidding and provide an ideal situation for buyer and seller, alike.
The Benefits for Sellers Include:
- Speed- The auction selling process is swift and accelerated.
- No Negotiations- Auctions eliminate haggling, counteroffers and remove the seller from the pain of negotiating.
- No Home Showings- Buyers are given specific dates and times that the property will be Open to the Public for viewing, before bidding begins. The process eliminates the hassle’s of showing the home to numerous people, one person at a time.
- Certainty -The seller knows exactly when the property will sell, decreasing long-term carrying costs, such as mortgage payments, taxes, maintenance and insurance.
- Qualification- Potential Buyers are required to Pre-Qualify for financing before they can bid on the property.
- Exposure- Auction exposes property to a wide range of qualified buyers and the aggressive timeline to sale increases interest and urgency.
- Competition-Auctions create competition among buyers. Due to the competitive nature of auctions, it is not unusual for the auction price to exceed the price the seller would have gotten through negotiations.
- Real Value- Auction sales are live, real time events. The auction process assures that the seller that the property was sold at its real market value.
- Serious-Buyers who attend auctions arrive ready and willing to buy.
Thank you for visiting InfoTube.net. Please feel free to post anonymously by clicking the comment link below.

Tags: auction, bidding war, home auction, homes for sale, real estate auction
Posted in For Sale By Owner (FSBO), How to Create a Good Home Ad, Land For Sale, Real Estate, Real Estate Listings, Selling Your Home | No Comments »
Thursday, September 11th, 2008
Every offer to purchase a home will contain a repair contingency. The contingency will outline the options for seller and buyer, in the likely event that repair issues are discovered during the buyer’s property inspection.
Before we begin to address the repair issues, I would like for all sellers and buyers to remember that there is no perfect home. Every house, new or old, will most certainly turn up a list of repairs. If you are a buyer searching for a perfect house, you can stop searching. There are no perfect houses.
The purpose of home inspections is to identify safety issues or serious (ie: expensive) problems that are in need of repair, before the buyer complete’s the home purchase. The buyer will use an inspection report to compile a list of repairs that they want the seller to fix, before closing. Since both parties desire to maximize their cash, sellers are often left to make a decision about which repairs are necessary or reasonable, and which are not.
So, what helpful facts should sellers and buyers know about handling repair requests?
- First, all Buyers should have an independant, professional home inspection and seller’s should only accept inspection reports done by a qualified, home inspector. Sellers are not obligated to accept the opinions of the buyer, the buyer’s friend or cousin, or any non-professional, for that matter.
- The Buyer should provide a copy of the inspection report, along with the list of items they want the seller to fix. If the seller hasn’t received a copy of the report, they should ask the buyer to provide it, before responding to the buyers repair request.
- The Buyer should not “nit pick”. A request for repairs should focus on major problems and safety issues. The buyer should not ask the seller to fix cosmetic problems, such as a bad paint job or peeling wallpaper. The buyer should have addressed those issues in the purchase offer, during their initial walk through.
- If a seller receives a long list of repairs, they can consider offering a home warranty that covers major defects. This insurance can save a deal by easing the buyer’s fear that the home is a money pit. For a few hundred dollars, companies such as American Home Shield, provide an insurance policy at closing, which covers major items and gives the buyer peace of mind.
- In a buyer’s market, they often want everything fixed. Sometimes the seller can ascertain inside information about which “big ticket” items are the most important to the buyer, but the seller should always keep in mind that they risk the buyer walking, if they don’t agree to complete the entire list of repairs.
- When a seller is presented with a lengthy repair list, they should remember that known problems become material facts. If a seller declines to fix buyer requested repairs, the problems are now “known” and must be disclosed to any future purchaser, in the event the buyer walks and the deal falls through.
- If a seller wants to cooperate with a buyer, but is unable or unavailable to oversee repairs, the buyer might be willing to accept a cash credit at closing to cover the expense estimates. Many buyer’s are comforted by the fact they can use the seller’s money and hire their own contractors to make the repairs in a way the seller may not have done.
What Repairs Requests are Deal Breakers? Which are Reasonable for the Seller to Refuse?
- Lender Required Repairs-Any problem noted on an appraisal, such as a bad roof or structural problem, is grounds for the bank to refuse to lend money on the property until the problem is fixed and the structure is properly protected. Sellers are advised to make all repairs noted on an appraisal. They affect the buyer’s ability to borrow funds and complete the purchase.
- Leaking Pipes-It is not unreasonable to ask a seller to repair water leaks and the damage which the leaks may have caused. Unrepaired leaks raise mold issues and other problems seller’s don’t want to have if the deal falls through.
- Water Penetration-Sellers should address water penetration issues. Most are caused by improper drainage of water away from the home. Adjusting the grade or installing a french drain is usually the fix.
- Roofing System-As stated in item #1, the seller should expect to repair or replace their roof, if deferred maintanence has caused water penetration issues. If your roof is in good shape, sellers can aleviate problems ahead of time, by providing the buyer with a roof certificate, since most inspectors do not cover roof inspections.
- HVAC and Hot Water Heaters-Usually, age is a good indicator of whether the seller should replace these systems. The average life expectancy of a HVAC system is about 20 years, and about 10 years for a water heater. It is not unusual for the buyer to ask for new systems, if the existing ones are on their last legs, but these are big ticket items for the seller to repair, so no easy answer here.
- “Tar Paper” Sewer Lines, aka “Orangeburg” Sewer Pipes-These pipes, which are made from tar paper, are famous for collapsing. Generally, they last about 30 years before they disintegrate. While replacing sewer lines is expensive, they are an item most sellers will replace.
- Unsafe Decking or Handrails-Sellers should generally fix any items that effect the safety of the occupants, or are matters of local code enforcement.
- Galvanized Water Pipes-Many homes built 30 years ago have galvanized, steel water pipes. These pipes become clogged with minerals overtime, which is often the cause of low water pressure. These type of pipes are also prone to rust and leaks. While it isn’t unreasonable to expect the seller to fix leaks, few sellers are willing to replace all the plumbing lines.
- Electrical System-The electrical panel should be safe and not overloaded. The breakers should be marked with the name of the area of the home that they service. Sellers, again should expect to repair any safety or fire issues that are found during the inspection. If your home was built before 1960, it is likely the electrical service is Ungrounded, meaning the plugs have only two outlets. Most sellers will refuse to rewire a house, simply because the service is Ungrounded, since it does not cause any problems. A tip might be for the seller to offer to run “Romex” from the electrical panel to any new receptacles that the buyer intends to use for sensitive electronics and large appliances. As a general rule, buyers who require grounded wiring should be looking for newer homes.
- Foundation or Wet Basement-These are difficult issues that effect the very structure the home is built on. These homes are best purchased “as is” at a steep discount. Buyers should always think twice about purchasing a home with this type of problem. Problems with or repairs to these systems never go away. These are material defects and must be disclosed to any future purchaser.
Before seller’s make a judgement about what items they will, or will not, repair, they should strongly consider that we are in a buyer’s market. Buyers are hard to come by and they have a lot of home choices available to them. If you need to sell, you should realize that it is likely the buyer will walk, if you refuse to address reasonable problems with your home. In addition, if another buyer comes along in the future, it is likely they will ask that the same items be fixed. Smart sellers should take a deep breath, and if you have to err, do it on the side of caution. A qualified buyer has a great deal of value in this marketplace. Please don’t lose your deal over a small deferred maintanence issue.
Thanks for visiting InfoTube.net. Good luck on your sale. Please leave a comment in the section below, if you have a question or suggestion.

Tags: home inspection, home warranty, house inspection, negotiate home repairs, repair checklist, walk through
Posted in For Sale By Owner (FSBO), Home Buying Tips, Home Improvements, Home Statistics, Mortages and Loans, Property Management, Real Estate, Real Estate Listings, Selling Your Home | 1 Comment »
Tuesday, September 9th, 2008

InfoTube homes for sale
The web is a great resource for the real estate or local scene enthusiast. Today, we invite you to take a look at four of our favorite websites that specialize in keeping tabs on the ‘hood’.
Gasbuddy.com: Just like the name says… this website is your best friend when it comes to finding the cheapest gas in your neighborhood. Check out it out before you fill up.
AltosResearch.com: Fantastic website for your current, local real estate market and trends. The site shows graphs of real estate price trends in your town; housing market conditions, homes sales and demand trends, including average days on market; local home prices per square foot; the number of all homes for sale in your neighborhood.
Altos focuses on the local market, which is what real estate is really all about anyway. After entering my zipcode, I could instantly see what was really going on in my neighborhood, what prices were really doing and received the information I should know about my area.
RottenNeighbor.com: What are your neighbors saying about you? This website reports on noise, odors and other neigborhood nuisances. The site pinpoints the homes of obnoxious, trashy or violent crazy neighbors, as well as registered sex offenders and vacant foreclosured homes.
If you want the dirt about any neighborhood or your daughters’ best friend’s neighborhood, Rotten Neighbor is the place to do some voyuering.
Introin.com: This website provides the inside scoop on apartments and rentals. It provides rental availability, building and landlord evaluations. Check it out before you sign that lease.
Thank you for visiting InfoTube.net. Please feel free to forward your tips, questions, comments or suggestions for feature in our column.

Tags: altos, cheap gas, Real Estate, real estate links, real estate websites, research, rotten neighbor
Posted in For Sale By Owner (FSBO), Fun Stuff, Home Buying Tips, Home Statistics, Real Estate, Real Estate Listings, Selling Your Home | No Comments »
Friday, August 1st, 2008

InfoTube.net launches “Do-It-Yourself” Home Video Tours starting Monday, August 4, 2008, as a part of our Featured Home Ad program.
Our goal with video is to drive buyer traffic and provide another avenue for seller’s to reach the largest audience possible. We will also automatically distributed all video’s to YouTube.com, as a part of our service.
Grab your digital camera or phone this weekend and create a movie about your property, neighborhood and home town. Video’s are easy to make and a lot of fun to watch. Best of all, today’s tech savvy home shoppers love video’s!!
Lights, camera, action, InfoTube. Let’s Show and Sell.
Thanks for visiting www.infotube.net and best of luck on your home sale.

Posted in For Sale By Owner (FSBO), Fun Stuff, How to Create a Good Home Ad, Real Estate, Real Estate Listings, Selling Your Home | No Comments »