Edgewood, WA Real Estate Blog

Musings, Resources, and Other Ramblings about real estate and home sales from the Real Estate Broker in Edgewood, Washington

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Entries from September 2007

A Lousy Substitute for Accurately Pricing Your Home

September 8th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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What do you do if you don’t know the “correct” listing price for your home?
In yesterday’s market a lot of agents picked a number that would satisfy the seller and wait for the market to catch up. That technique appeared to have some success when prices were escalating 15% a year or more. [...]

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Tags: RE Marketing · Sellers

How to Sign as Attorney in Fact (Power of Attorney Signature Blocks)

September 7th, 2007 by Lee Mason, The Masters Realty Group LLC ;
1 Comment

I needed the proper signature block for a client to sign a purchase and sale agreement as “attorney in fact” in a form that would be insurable. I came across this helpful guide from Chicago Title.
I’m not providing legal advice – check with your own attorney.

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Tags: Contracts · Real Estate

What Every Buyer Seeking a Home Loan Should Read

September 6th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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If I had my way, I’d have every one of my buyer clients seeking a home loan read a couple of books. Notwithstanding that my clients pay me for advice, counsel, and education, it would be difficult for me to provide the in-depth background knowledge you can get if you’re willing to go back [...]

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Tags: Books · Buyers · Lending · Mortgages · Real Estate

Is the President’s plan a Bailout or not?

September 5th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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I posted the following comment to a post at The Tacoma News Tribune Open House blog.
I see a number of problems with the presidents plan.
There were some 6 million (your numbers show 7.5 million- the variance could be the fuzzy distinction/inclusion of alt-a w/subprime loans) people with no money and poor credit who purchased homes [...]

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Tags: Buyers · Lending · Mortgages · Subprime

Don’t wait for the home inspection to start negotiating repairs.

September 4th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Almost every purchase and sale agreement today includes a home inspection contingency.  They are often improperly used.
Why not negotiate the repair items you’re aware of as part of the initial purchase and sale agreement? Often times I’ve seen buyer’s agents wait until the inspection report comes back before negotiating repairs they know are needed.
That’s poor [...]

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Tags: Buyers · Contracts · Home inspection · Negotiating · Real Estate

Real Estate is a Simple Business

September 3rd, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Notwithstanding all the technological advances of recent years, the fact remains that selling real estate is a simple business-
Price the property appropriately and expose the ‘heck’ out of it.
Note I said simple, not easy. The distinction reminds me of something I heard or read about Bob Hope being “accused” by a reporter of being [...]

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Tags: RE Marketing · Real Estate · Sellers

Edgewood resident lands monster King salmon.

September 2nd, 2007 by Lee Mason, The Masters Realty Group LLC ;
2 Comments

Edgewood resident “Texas” John scored big Saturday landing this monster King (Chinook) salmon. It measured 37 pounds, 42 inches, a near record.

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Tags: Edgewood

They’re Running in the Puyallup

September 1st, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Coho salmon taken from the Puyallup River by Ron (a friend of my nephew) just down the hill from Edgewood.

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Tags: Edgewood · Puyallup · Uncategorized