March 25, 2021
Jim Valentine on Real Estate
Be sure to look ahead and anticipate your future needs.
When you have a plan together, you and your agent can work together to execute it, and you will be comfortable and confident all along the way.
Until the sale has been finalized with the money being given to the seller and the deed to the buyer, anything can happen.
It is worth spending some time on the process to assure that you make the best move for you family from a financial, emotional and physical viewpoint. Make the effort and enjoy the results.
Artificial Intelligence, AI, is becoming more prevalent in the everyday world and the real estate industry is no exception. Many of the home descriptions are now generated by AI and it is amazingly transparent. We used to comment about a flowery description by saying “the creative writing class mush have gone well!” Today, we can only laugh at the redundancy and irrelevancy of the comments used to entice a buyer to look at a home.
Building your own home is a rewarding experience, but the rewards are in part due to the vast amount of work you will have in the project.
It doesn’t happen often, but it is important that you do what you can to prevent being taken advantage of should you have a seller with evil tendencies.
What began as a negative attempt to control the Indian 137 years ago can now actually be a benefit to the Indian owner due to the unique ownership status of the land.
Having a scribble on the signature line doesn’t mean you have a true commitment from the signing party.
Motivation is the underlying key to real estate. Get yours figured out.
Real estate is the land and improvements thereon plus any other amenities such as natural resources, crops, etc.
You aren’t going to find a roadmap for your closing on the Internet. There are just too many variables in a transaction to have them all be the same.
Pets can bring great joy not only to their owners but to passersby as well. Make sure your pet is kept safe and out of harm’s way.
There is a lot more to completing a real property sale than agreeing on price and shaking hands.
As always, identify your wants and needs and be ready to act when the market suits your desires.
Take the time to read the details. Make sure any offer you are dealing with works for your wants and needs.
Don’t try to time the market. Like stocks, timing the market is like catching a falling knife.
The Homestead Act is an insurance policy of sorts – the least expensive insurance policy you will ever acquire.
Understand what it is you are getting for the stakes can be high if there is a mistake that works against you.
The form is formally titled “Exclusive Buyer Representation Agreement.”
Beginning no later than Aug. 17, Realtors must sign a contract with buyers before they show them a property.
Halfway through the calendar year of 2024 we take pause to celebrate Independence Day before we buckle down to continue our 2024 experience.
It is important that you put in writing what your expectations are, or, as a seller, what it is you are including or withholding.
Once a written agreement is in place for all intents and purposes all parties are working together. As things happen or are scheduled let the other party know what’s going on.
Much of the foundation for the regulations came from the National Association of Realtors Code of Ethics.
Trust is to be guarded and treasured.
Don’t clutter title with unnecessary or faulty recordings.
You might even find yourself needing cooperation or concessions from the other side of the transaction to make things work.
Sellers of residential properties must complete a Sellers Residential Property Disclosure form for buyers to review and approve per Nevada law.
Many people moving to the area are used to being catered to by their heavily-funded governmental agencies.
Too much pressure can allow for errors to be made in judgment during the decision-making process, not only in negotiating but during the escrow process as well.
When you are in one of those pondering moments be sure to take the time to determine if your intended improvements will suit your purposes and intentions.
One of the most important components in a real estate transaction is one that is usually given some of the least attention, title commitment.
As we shake off the challenges of winter and prepare for the upcoming summer there can be a lot to get done.
Real estate matters are of interest to the general public whether from a curiosity standpoint or to help determine a course of action.
If you are new to our wonderful state, please appreciate the differences of how we do things here versus how you may have done them where you came from.
Everyone has been warned of assorted scams going on and it’s a good thing the warnings have been issued.
Real estate has its own vocabulary that one must get familiar with to work in the industry.
Your agent is working for you, talk to them and listen to what they have to say. Are they hearing you right? Do they understand you?
Accept the surprises as inevitable for so many people are putting so much thinking power into transaction things are bound to happen. Be ready for it.
Regardless of your situation, your neighbor can have an impact on you, and vice versa.
When you remodel your home consider bringing it current to the times for the modern buyer.
Remember, “if you want to see God laugh, tell him your plan!” Things do change, so plan accordingly.
It is important that you remember that your location will also be a large factor in the success of the sale of your property when you are ready to move on.
Find the facts for yourself and make sure the property works for you in the manner in which you intended it to.
The local board of realtors has released the new contract forms for the year.
It is a time of transition so take some time to reflect on your life, your real estate wants and needs, and how things are working for you.
Contracts are best negotiated when they are initially put together, not as you get on down the line in the escrow.
To buy in this market, be very clear about what you want in a home and in your home ownership experience.
Make an action plan for your sale process that includes what you are going to do to get your home ready for sale.
It isn’t who gets the loudest, insults better, or gets the last snide comment in during communication with other agents.
It's nice to win and get the home you want, not the one you settled on. Make the effort from start to finish, it is worth the work.
It is good to be thankful every day, but this is the time of year when we consciously ponder and live thankfully.
With interest rates increasing as they have in recent months it may be time to look at options for financing your acquisition of a new home. These times actually create more avenues to utilize as sellers are often more flexible if they need to sell and aren’t getting sold.
Buyers needing a loan that don’t want to, or can’t, pay close to 8 percent for a 30-year loan have a couple of options to consider.
When things are moving fast in a real estate market significant changes can occur quickly.
Start over with the basics. Review your wants and needs in a home, especially the needs.
Real estate is a long-term investment. Remember that as you approach your purchase.
Take your lifestyle, match to location, identify the features that are important to you, and buy your home.
Take the time and make the effort to check out what a home is all about and then make your decision.
It is most unfortunate when a communication breakdown breaks a transaction that should have gone together.
It is disheartening to know that not all helping hands in a transaction are actually conducting themselves in the best interest of the customer/client.
Don’t get pushed around by whimsical market factors. Talk to your agent and make a plan.
It's tempting to cut corners when dealing with family. Don’t!
Some things are out of your control such as having something change.
Some of the world’s biggest fortunes are related to real estate.
Get it in writing and make sure it memorializes your intended agreement.
Always be ready to walk from the table if you aren’t able to achieve your negotiation objective.
Extremes can be fun and character building, but we think it is important to consider your real estate needs and circumstances and keep everything in perspective.
Hang on to your youth with Nevada’s great recreational mindset!
A contract is only as good as the person signing the document.
It is a means to protect up to $605,000 of equity in your home against seizure, forced sale and judgments.
Your great neighbor will actually add value to your home.
It is important that you give good consideration to how you want to take title.
There are many details in your home and around your property that will nuance a buyer’s impression of your home.
Stay true to your wants and needs on both sides of the transaction.
The right property will fit all the way around, not just physically, financially, or emotionally.
There are many variables that affect the market, few of which can be controlled by buyers and sellers.
Water is essential for life, but it is also very important to the value of your property.
It is important that you consider the pets you have and those that you may have in the future.
Miracles happen daily in real estate when you have clear objectives and intention.
What is covered by title insurance is often misperceived.
Expedite your familiarity with your new environment by asking many questions.
If someone doesn’t like your home it may have nothing to do with your home.
Our challenges are natural, brought to you by mother nature.
Don’t be laggard in your efforts to protect your assets, sign up for a notification service today and rest easy.
Use professionals for your protection.
What does it really mean if a property has been on the market for an extended time?
Perspective assistance is one of the most important things you can get from your real estate agent.
Real estate is a long-time investment and is best made with full knowledge, understanding and perspective of what you are buying and how it will work for you and your family.
Things that were once unthinkable become the norm and the existing homes are suddenly outdated.
It is easy for scammers these days to take advantage of honest people
It is prudent when you buy a home to get an inspection by a professional inspector. There are several types of inspections that are available, but it will depend on the property and its location as to which ones you may choose to have done for you. The two most common are the pest inspection and the physical inspection.
Snow doesn’t stop the real estate industry in Northern Nevada.
Change is good if it is understood and properly used.
Nevada laws may be different than those where you are coming from.
The new year tick means out with the old and in with the new.
Bad government can reach everybody
Once one understands the language of real estate, the general concept of buying and selling property isn’t so hard to understand.
The first thing to do to increase value is to figure out what would stimulate a buyer to pay more.
The essence of a real estate professional is to be a problem solver.
I am so thankful that I live where I do, among all of you…
Perception is reality of course so don’t overreact to extreme weather.
It is time for some to look to options.
Buyers can look for months for the right home and seller’s scenario before they start the sale process.
Know what you are buying, and you might find a bonus to your portfolio.
We are seeing some adjustments to try to make things work in this market. One such item is the loan rate buy-down.
Establish a vision of what you would like to have happen in your eventual transaction.
It is your life, your future, and your decisions to make.
As property values go up, so do your taxes as they are established by your property’s value.
There are things to do as you get ready for winter, especially if you are watching the market and thinking of selling in the next six months.
So what you may ask is the difference between a serious collector and a hoarder?
The active agents, buyers and sellers are always looking for market nuances that will help them make good choices.
The form and its completed contents can have significant consequences, but are often given little more than a glance.
Once again, we are in a transitioning market.
We’ve come a long way from when an individual would sign by making their mark.
When buying a home in a subdivision you will usually find that mining for minerals is prohibited by deed restrictions.
If you are still paying that high rent, it might be time to reconsider your position.
Sales are still strong at this point. Be smart about your real estate moves. Watch the national and local economies and see what buyers and sellers are doing.
There are many components to the wonderful world of real estate; there are a few areas that are important, but small when compared to the bigger fields.
You should know what it is that you are considering buying, or that you actually own.
It’s a good time to look around and see how your property fared through the winter months.
A little recognized fact about real estate agents is that they must be good interviewers.
There are many aspects to the journey of buying and selling real estate.
There are many items related to financial and time components of the transaction that are beyond the control of either party these days.
Establish your priorities, make your goals, create the vision and act.
Nevada’s esoteric laws are not only part of its history but are an essential part of its character that makes it the place we call home.
Be flexible in your approach to the market and adjust to what is happening when the time is right for you to buy.
Water in Nevada is precious. Make sure you have what you need and that it is good water for your intended use.
Problems revealed by an inspection report can be a game changer – be ready to change your game if it isn’t what you expected.
Real estate is not a short-term investment, put on your long-term glasses and adjust the tint… rose preferred.
When you make an offer to buy a home it is a good idea to understand what your offer says.
Ah, the sounds, smells, and joy of spring. It’s about here, folks. Be ready.
We know that you will buy the right property at the right time, but we just don’t always know what it is until we’ve reached that point.
When entering a real estate transaction, you will find yourself being asked how much of an earnest money deposit you want to make.
When you put your thoughts out about a property they are picked up by the “universe” and disseminated.
In Northern Nevada we are often lulled by our rural atmosphere and relative obscurity from global events.
“When can I move in?” This can seem a simple enough situation but it isn’t always an easy resolve.
Always be very clear about your purpose in a desired transaction and the right thing will happen for you.
It is important to recognize that agents are people, too.
A plan with clearly defined wants and needs will help you achieve your home ownership goals
Insurance is an important component of business today, especially when it comes to real estate. There are many types of insurance to be had and most are must haves when looked at objectively.
From the moment you decide to buy or sell a home you will have a lot of decisions to make.
Don’t let others push their agenda to your detriment.
Protect yourself and your investment from unwanted changes when you buy.
No single second of the year has as much impact on real estate as does the tick at midnight on Jan. 1.
Be clear in writing about your expectations.
Winter is a great time to buy a home.
Like a good lawyer or doctor, a good realtor is “worth his weight in gold!”
We have been seeing downward adjustments in asking prices.
Be in touch with your neighbor once in a while.
It’s that time of year again when the collective conscience of the nation is essentially focused on thanks.
Many people call all real estate agents Realtors when in fact not all agents are Realtors.
Good changes are great, but opportunistic money grabbers should be dealt with carefully.
We often talk about perspective in real estate and how important it is be able to make wise decisions.
There are myriad costs associated with a real estate transaction and it is good to know who pays what along the way.
While there is still a strong “flow” in the market, other factors are starting to stir it up a bit.
Water in the desert does magic. Protect it and use it wisely.
In a real estate transaction there is a lot of communication that occurs, much of it being representation.
To work in such a niche area requires specialized knowledge, training and understanding
Markets can change on a dime, and the sooner you recognize it the better you will be able to make a good decision.
If you have been thinking of selling to capitalize on the unique market then you should have been acting.
With the advent of the Internet and all the resulting available public information, there are few dumb buyers and sellers to be taken advantage of.
There is no right way to do the wrong thing.
Buyers usually focus on the floorplan, price and other obvious components of the property but once in a while things slip by unnoticed.
It helps your peace of mind and bottom line if you plan your transaction to make sure that things work to your best interest.
We still live in communities in Northern Nevada that understand the community is only as good as the people living and serving it.
We live in a wonderful area full of beauty and wonderful things, but it is subject to change and we must be ready to embrace the changes and adapt.
Your bravery of facing the oppressive heat will give you separation in the market and you just might reduce your stress level.
The motivation of buyers and sellers is all important to a successful transaction.
Real estate has many standard practices that are traditionally used for a reason.
A real estate transactions has a wide variety of components, many of which come with a cost.
In times of multiple offers, overbidding, and other activities symbolic of a dynamic market there is always the question of what decisions to make and when.
Folks that are thinking of moving to Northern Nevada often find it more convenient to visit our area to scope it out and check out the housing market when the kids are out of school.
When looking to sell your property one area that you will find yourself spending the most time on is the pricing. What is the value?
The real estate market continues to sizzle in Northern Nevada bringing a few consequences to be aware of. With values at, or exceeding, our all-time highs in the area, owners are faced with decisions to make.
Today’s real estate market is similar to that of 2003-05 in that we have prices rapidly increasing to exceptionally high values, but there are significant differences between the two.
While there are many cash buyers shopping these days, there are also many people who need to sell their home before they can buy a new one.
We’ve all seen the scary ads saying title crime is on the rise that go on to say the FBI supports their warning statements.
In our current dynamic market there is a lot of competition such that no matter how quick or good your actions are, you can miss out on a property that you want to buy. When that happens all is not lost. Talk to your agent about making a backup offer.
Real estate has many components, each requiring its special skill set. One of the most important such components is the role of the lender.
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