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Factors That Influence Property Prices

One of the most critical factors to consider when selling a property is whether it has been appropriately priced. Realtors and their clients must make sure that the best possible price is assigned to the property, but this is often not easy to do. Overpricing a property can damage its appeal, even if you decide to drop the property’s price later. Underpricing a property will result in multiple offers and dashed expectations. While there is no universal way to price a property, there are some c[...]

Four Things to do When You Owe the IRS Money

  As tax season looms, you likely have given some thought to your current financial situation. If you have encountered the problem of not being able to pay your income taxes this year, you might be considering various options, including filing for bankruptcy. While you consider how to respond to this situation, you should review the following five pieces of advice about owing the Internal Revenue Service money.  Promptly File Your Income Taxes Taxpayers who owe the Internal Revenue Service[...]

Avoiding Six Small Issues That can Ruin Property Sales

Selling a property can be a stressful and time-consuming process. While the issues that disrupt property sales are sometimes big ones, other times the issue that interferes with a property sale is quite small on its face. Realtors should understand some of the smallest issues that can ultimately end up disrupting a property sale. Missing Cover Plates Most people never have their property in perfect condition. Instead, it is common for small things to never get repaired or go missing and never ge[...]

Dispelling Five Misconceptions Your Clients Likely Have About Foreclosure

We are all aware that homes can be sold at various points during the foreclosure process. As a realtor, you might step into the process when a property remains unsold after the foreclosure process is concluded. One big difference is that the bank or financial institution selling the home will ultimately pay you the commission.  Your client, however, will likely have many questions about how exactly the foreclosure process develops. As a result, this article reviews some of the biggest misconcep[...]

Four Strategies for Rebuilding Your Post-Bankruptcy Credit

If you recently went through the Chapter 7 or Chapter 13 bankruptcy process, you likely have been left with many questions about what your life will be like now. Many people worry about their credit scores and whether they will ever be able to buy houses or motor vehicles. One of the most common things our clients wonder about is what steps they can take to improve their credit score. The following will review a few helpful steps you can take after a bankruptcy discharge to make the most of your[...]

Ways Realtors can Stay Busy During Slow Times

One of the universal truths about the real estate market is that it is cyclical. Some times are much more active than others. All realtors experience periods in which things are much less busy than they normally are. One of the ways that you can stand out from the competition is learning how to make the most out of the less hectic time. The following reviews some of the helpful activities that realtors should consider when they have some down time. Foster Your Relationships With Listing Agents O[...]

Veteran Disability Benefits Now Protected from Bankruptcy

  In August 2019, President Trump signed legislation that protects veterans’ disability benefits from being seized by creditors during bankruptcy proceedings. The sponsor of the bill commented that by protecting these benefits from creditors during bankruptcy, it is possible to help veterans and their families get back on their feet after financial hardships. This article takes a brief look at these recent changes as well as offers some helpful bankruptcy advice for veterans. The Impact o[...]

Four Myths for Sellers to Understand About Appraisals

If you have spent any time in the real estate business, you likely know by now that the appraisal process can be a nerve-wracking business for sellers. After all the work a seller does to list a home and field offers, someone now wants to peruse the house and determines its worth. In reality, an appraisal rarely ruins a prospective sale. To put your clients at ease, there are some additional myths that you as a realtor should appreciate about the appraisal process.  Myth # 1 - Appraisers Determ[...]

How are  Chapter 13 Bankruptcy Payments Calculated?

Beginning the Chapter 13 bankruptcy process often results in people experiencing many emotions concerning fear about what lies ahead. One of the best ways to reduce the negative feelings that you feel about the bankruptcy process is to learn as much as you can about it ahead of time. The following answers one of the most common questions that people ask about the bankruptcy process, which is how courts determine repayment plans for Chapter 13 bankruptcy. The Importance of Repayment Lengths Rep[...]

When Should a Realtor Leave a Client?

As realtors, we all strive to make our clients happy. While you likely strive to make the purchase and sale of each home as enjoyable a process as possible, that is not always possible even if you do your best to listen to a client's needs. Instead, there are several situations in which realtors should be prepared to leave a client if necessary. The following will review just some of the situations in which realtors are likely better off leaving the client instead of trying to help them with a p[...]