Category Archives: Home buyers

Impact of Home Buyers

When selling to home buyers, one of the most common mistakes agents make is selling only to the “conscious.” Visit our official site We Buy Houses.

The problem is this: someone who thinks they want to buy a house and is confident enough to actually already have an agent to go to a home-buyer seminar. Let’s face it, everyone in the united states has a landlord who practices real estate on the hand of a dog’s-former-owner roommate. Through selling to the unconscious, individuals who have not yet taken any steps towards actually purchasing a home that you stand to obtain a much larger pool. Although these leads take longer to incubate into closings, your CRM system (Top Producer, ACT, etc.) will track this. Pre-sale leads sold at work with you can be “milked for referrals” simply by staying in touch once every 21 days (three-week contacts provided the highest number of referrals leads statistically).

A more enticing seminar title to “catch upstream” by promoting a “Credit Score Seminar” in your promoting to home buyers.

As a qualified marketer, we have conducted a range of marketing studies for home buyers. When we offered a “First Time Buyer Seminar” or even just a “Home Buyer Seminar,” we had about 15 visitors, out of which only 2-3 leads were generated on average. As we ran the same advertisement for a “Credit Score Seminar” we had more than 20 attendees, out of which on average 16 people took the next step to get pre-approved for a mortgage or start looking at the house.

Of course, this is an excellent excuse to work with a car dealer, who may be a fantastic source of referrals.

Another common problem that we see when selling to home buyers through agents or brokers is delivery of the message. Everything marketing is about post, media and call for action. In general, direct mail is too expensive to produce a positive ROI, while the rental section includes small classifieds (tip: the rental section hits the “unaware” with headlines such as “$2k / mo 2bed mortgage to own”). Flyers posted at apartment buildings are another great option.

The simple fact is that almost everyone wants a new house, a smaller home or a bigger home than they have. The task as professionals in a less competitive market is to make certain people know how inexpensive it can be, or how much they can save in the case of going down.

Home Buyer Tax Credit Information

Did you buy a house from 1 January until 30 April 2010? If so, you might be eligible for one of the two tax credits: first-time home buyer tax credit and repeat home buyer tax credit;

The home buyer’s first-time tax credit is worth 10 per cent of the home’s purchase price to a maximum of $8,000. Eligibility for this means that, in the three years before the new home purchase, you would not have had to own a principal residence. Checkout buyers in Birmingham for more info.

The repeat home buyer tax credit is valued at up to 10 percent of the purchase price, up to $6,500 at most. Eligibility for this means that for at least five consecutive years, they would have had to own and live in the same home.

First, the property ‘s price must be under $800,000 to qualify for the home buyer tax credit. Second, you must have signed a contract to buy the home by 1 May 2010 with an initial closing date of 30 June, and an final closing date on or before 30 September, in order to claim it on your 2010 taxes. Your amended adjusted gross income (MAGI) had to be less than $125,000 for single persons or $225,000 for joint filers to be financially eligible for this. A discounted loan is eligible for home buyers with up to $145,000 of MAGI, or $245,000 for married homeowners.

The following are the requisite documents:

A copy of your declaration of settlement, or HUD-1, provided at the close.

For newly built homes, a dated copy of the occupancy certificate that displays your name and the home address.

Copies of documents showing you have lived in your previous residence for five consecutive years over the past eight years, for repeat buyers. Required documents include certificates of interest in mortgages, property tax reports or statements of insurance for homeowners.

After you have applied, plan to wait until 6 weeks before getting your IRS check.

2008 Begins of tax credit Payback

The Housing and Economic Recovery Act of 2008 offered up to $7,500 interest-free loan in 2008 in the form of a refundable tax credit for eligible first-time homebuyers with a principal residence with a two-year grace period. Now that 2010, it’s time to begin repaying the interest-free loan back.

In 2008, the tax credit was in fact an interest-free loan of 15 years with a 2 year grace period. In order to determine what you owe, divide by 15 what amount you got in 2008, and this is the amount you’ll have to pay back.

For example, if you qualified for the full $7,500 then for the next 15 years you would have to repay $500 per year.

If you bought your house in 2008 and re-sold it, you ‘re going to owe even more, because you’re going to have to repay the entire interest-free loan amount at once.

Ontario Realtor Certifications

You will see many realtors in real estate display ads, with initials listed behind their names. Checkout Ontario Realtors for more info. These are realtor designations which reflect the realtors holding certifications. Here are only a few designations for realtors:

O ABR — Certified Buyer Agent is the abbreviation hereof. This certification means that the realtor is dedicated to representing buyers.

O ALC — The Accredited Country Consultant is specialized in land brokerage.

O CIPS — The Certified International Property Specialist will have more international real estate market knowledge.

O CRB — The Certified Real Estate Broker has expertise in brokering and real estate management.

O CRE — Some real estate managers possess an invitation-only Real Estate Credential Advisor. They give seasoned advice on matters relating to the real estate and land.

O CRS — The Residential Specialist Certification Council means that the realtor concentrates on the purchase and sale of residential homes.

O GRI — The Graduate Realtors Institute accredited realtor has earned what the business recognizes as the most qualified residential realtor remaining.

O SRES — The Seniors Real Estate Agent has experience in dealing with homeowners who have actually not rented a house for several years. This realtor can explain new terms, laws, procedures, and financing properly to seniors, as well as help them understand their seller and buyer rights more fully.

Why Obtain Designations?

Realtors who hold such designations have been researching different real estate fields in order to obtain specialized expertise of those regions. This requires a lot of learning time to apply for these designations, to check and gain comprehensive functional skills. Many designations require up to six or eight months of routine training at the school. These research further improves the expertise of the realtors, in addition to offering the realtor more information.

Realtors find these designations pretty valuable; because the more experience they get, the more trust their clients have in their skills and skill. Such certifications are particularly valuable for new realtors, expanding their knowledge more quickly than with on-hand experience.

All realtors are expected to have a degree of expertise by their state to be licensed. Additionally, every four years, realtors are required to take the coursework to maintain their license. For realtors, Training coursework is completely optional.