Tom Perry's Blog (teamBePicky)

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Real Estate Agent - Realty Executives Brio
Real estate tips and ideas for realtors and consumers.
RECENT BLOG POSTS
 Sometimes we forget that foreclosure is the other side of short sale.  As real estate agents, many of us work with buyers wanting to purchase short sale properties.  The reason, in most cases, is that buyers are looking at short sales to get a great deal or "steal" a property.  The chance of get...
04/26/2011
Short Sales seem complicated for 2 reasons.  First they'e sometimes counterintuitive and second we make them more difficult than it is.  The following are some critical client questions that come up often.  Without the correct answers to these questions and strategies to get you to your personal ...
04/06/2011
The Buyer must be patient and prepared for a long drawn out process that will seem to be unfair and frustrating at times. 1. The price seems too good to be true.  In most cases it is because the agent has been reducing the price in hopes of getting an offer.  The majority of the lenders, especial...
03/13/2011
We are finding that a quick consultation clears the doubt of most home owners that are facing foreclosure.  The real question is "What are my options" and "What does it all mean to me"? What if I not late on my payments? How long can I stay in my house? Will the bank want repayment for the amount...
07/06/2009
You're new at real estate investing and want to get a great buy on a house.  Short sales seem to be the way to go, BUT ...  When is the best time to buy?  There are two things to keep in mind. First is timing.  There are plenty of "Investors" waiting for the market to hit bottom.  This is import...
06/15/2009
Do you know someone that is facing foreclosure?  Or maybe someone you think is in financial trouble but too embraced to talk about it.  Be a friend and let them know that with a foreclosure, it's not time to drag your feet.  Time is of the essence! There are three distinct periods they are facing...
06/04/2009
The bottom of the market: That specific time that the prices are the lowest so you can buy the most house for the money.  That's all fine ... Last week the interest rates increased more than 3/4 of a point.  That's huge.  Do the math.  A $400,000 loan at 4.75% increases to 5.75% and it cost you $...
06/01/2009
Face it.  This financial crisis is not just affecting the less fortunate or lower demographics in King County.  With the thousands of layoffs and business closures, most of us are finding struggles.  It's what you do with it that matters.  Some simply run or turn a cold shoulder.  Others abandon ...
05/31/2009
They're NOT!  If the listing agent doesn't do their job the process WILL bog down and everyone gets frustrated and testy.  Be sure that you are dealing with an established Short Sale Agent.  There are now certification classes and ways to learn the process without putting buyers and sellers throu...
05/23/2009
I talk to buyers and investers every day that say, "This looks like a good deal but, I'm waiting till we hit the bottom of the market".  What does that mean?  They think that they will be smart enough to choose just that right time to buy just the right property with just the right loan.  May the...
05/14/2009
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Tom Perry

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Real estate tips and ideas for realtors and consumers. In this volatile market it's important to keep up with the trends if you're planning on buying or selling real estate. Home maintenance, mortgage tips, short sales and bank owned properties. Come to Tom Perry's blog to find out what's up and connect with teamBePicky for a consultation.