Comments by "Crime Stoppers" (@crimestoppers1877) on ""All HELL BREAKS LOOSE" (In the Next Few Months) says FED Insider, Danielle DiMartino Booth" video.

  1. I have learned that my "profit" in real estate is when I buy and not when I sell. I have found that the most important variables for me on the Buy side is Location, structure of the building and the reasons for the sale. I never fall "in love" with any house. Most people who buy an existing house spend money to improve or modify the house to meet their needs. My reality is that I expect to spend more money on this stage and plan for this cost before I buy. On the "Sell" side, my primary goal in any market, is to list the house at least 13 months after I bought the house ( close of escrow). I list my asking price in the lowest 50% of local comps that sold in the past 30 days for a quick and uncomplicated sale. I prefer to buy and sell using Dual agency real estate brokers where legal. As a seller, I prefer to pay my listing broker the full Listing fee ( no associates involved) to bring me a qualified buyer who I can help to buy my property. Honesty in business can help all sides of a transaction. There are no "secrets" or hidden agendas in any of my deals. One result I enjoy as a seller is that I have not experienced buyers remorse. As a buyer I have always enjoyed "paper equity" on the day of closing. If more people used these ideas, house prices for all would be more affordable for both buyers and sellers. The way the system works today, most sellers in a bad sellers market can not lower the asking prices of the property even if they wanted to because they paid too much when they initially bought the house and/or they used a HELOC or second deed of trust to get the money to improve the house. As a buyer, I focus on those listings that have included a HELOC. The house I buy does not have the most curb appeal, staged with rented furniture and white picket fence and potted plants decorating the property.
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