Tuesday, October 13, 2009

Long Island Real Estate Market: Grade Your Listing

On the Long Island real estate market front, every homeowner, that's been on the market and not sold their home, has a different answer for why their home didn't sell.

I came across a very objective method for grading your own listing. If you're listed, this may be a good thing to review with your agent. If you're not listed (well call me 631 831 9048), http://steveharneyblog.com/2009/10/13/how-to-grade-your-listing/ , is a good place to actually help you prepare to sell your home.

This grading system will help you objectively prepare to sell your home. Again, if you're not listed, the icing on the cake will be to utilize an active agent with the "right stuff" to get the job done.

Something like http://142411thstreet.epropertysites.com/ might set someone like me apart from the average agent. This might help you reach that grade A!

Saturday, October 10, 2009

Broker Price Opinions: Who Was That Guy?

I am currently conducting about 12 broker price opinions each week. Broker price opinions are quick estimates of home values completed by licensed real estate agents. Broker price opinions or BPO's are ordered by banks or asset management companies and allow these companies to get a sense of what a property is worth.

So who's that guy taking pictures of my neighbor's house?

That's a question i think many people across the country are saying more and more.

You might say, "The guy (or gal) got out of their car, they took a few pictures and were gone before I got a chance to put my robe on to see what was going on."

Don't worry, you're not alone.

Whether a company is ordering it for quality assurance purposes (checking on themselves to see if they're writing quality loans), or more likely, because the person who owns the home is behind on their mortgage, broker price opinions are at an all-time high.

So next time when you're looking out your window and you see someone get out of their car, take three or four pictures of a home, you'll know that chances are, it's a real estate agent doing a BPO.

You may see me.

Either way, the more "business" I get with regard to broker price opinions, in our local communities, the more uneasy I feel.