Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price. These six signs may be telling you it’s time to lower your price.
1. You’re drawing few lookers —-You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.
2. You’re drawing lots of lookers but have no offers— If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.
3. Your home’s been on the market longer than similar homes——Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.
4. You have a deadline—-If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.
5. You can’t make upgrades—-Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.
6. The competition has changed—-If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.
6 Tips for Buying a Home in a Short Sale
When sellers need to sell their home for less than they owe on their mortgage, they’re shooting for a short sale. Short sale homes can sometimes be bargains, but only if you do your homework, stay patient, and remain unemotional during the sometimes lengthy and difficult short sale process.Here are six tips for protecting yourself emotionally and financially when bidding on a short sale.
1. Get help from a short sale expert
A real estate agent experienced in short sales can identify which homes are being offered as short sales, help you determine a purchase price, and advise you on what to include in your offer to make the lender view it favorably. Ask agents how many buyers they’ve represented in short sales and, of those, how many successfully closed the transaction.
2. Build a team
Ask agents to recommend real estate attorneys knowledgeable in short sales and title experts. A title officer can do a title search to identify all the liens attached to a property you’re interested in. Because each lienholder must consent to a short sale, a property with multiple liens, like first and second mortgages, mechanic’s and condominium liens, or homeowners association liens, will be harder to purchase.A title search may cost $250 to $300 up front, but it can help weed out less desirable properties requiring multiple approvals.
3. Know the home’s fair market value
By agreeing to a short sale, lenders are consenting to lose money on the loan they made to the sellers to purchase the home. Their goal is to keep those losses as low as possible. If your offer is dramatically less than the home’s fair market value, it may be rejected. Your agent can help you identify the price that’s good for you. The lender will determine whether approval is in its best interest.
4. Expect delays
There are two stages to a short sale. First, the sellers must consent to your purchase offer. Then they must submit it to their lender, along with documentation to convince the lender to agree to the sale. The lender approval process can take weeks or months, even longer if the lender counteroffers. Expect bigger delays if several lienholders are involved; each can make a counteroffer or reject your offer.
5. Firm up your financing
Lenders will weigh your ability to close the transaction. If you’re preapproved for a mortgage, have a large downpayment, and can close at any time, they’ll consider your offer stronger than that of a buyer whose financing is less secure.
6. Avoid contingencies
If you must sell your current home before you can close on the short-sale property, or you need to close by a firm deadline, your offer may present too many moving parts for a lender to approve it. Also, consider ordering an inspection so you’re fully informed about the home. Keep in mind that lenders are unlikely to approve an offer seeking repairs or credits for such work. You’ll probably have to purchase the home “as is,” which means in its present condition.
This article includes general information about tax laws and consequences, but isn’t intended to be relied upon by readers as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws may vary by jurisdiction.
(Houselogic, March 2010)
Here are 10 things you can do easily on LinkedIn to bring your job hunt to the next level of effectiveness:
1. Exploit “networkable” moments. Recognize that not every connection is always ripe for networking. But, there are times when active networking can be both welcome and fruitful: moments when people experience professional change or reach a milestone.
When you get emails from LinkedIn notifying you of your connections’ birthdays, work anniversaries, job changes, etc. you are being given a heads up that a networkable moment is at hand. Make the effort to reach out and say something more than just the boilerplate “Happy Birthday” or “Congrats.” A simple sentence or two can stimulate a conversation, and bring you to the mind of people in your network who might not otherwise think of you.
2. Track your profile views. Depending on your level of LinkedIn account, you can learn more or less about how often your profile came up as a search result from others, or how many people (and who) have viewed it. If the volume is consistently low, or shows a marked decrease, it’s time to take active steps to boost your visibility and draw people toward you. Supplement the information you provide or otherwise optimize your profile, make a point of posting updates that will interest others and participate in Groups. Always make sure your profile is complete so that you increase the likelihood of coming up in other people’s searches.
3. Identify yourself. Begin your Summary with your name and email. That way, even if you come up as a third degree connection in someone else’s search and your identity masked, he or she will be able to know who you are and contact you.
What a shame it would be if a recruiter or hiring manager comes upon your profile and thinks you might be a great fit for a position he or she is seeking to fill, but he or she can’t figure out who you are or how to reach you.
4. List your skills. The Skills section of your profile affords you the opportunity to list up to 50 different things at which you are proficient. If you are having trouble coming up with that many, look at the Requirements section of ads for positions you are applying to. Whenever you have what employers seek, make sure you include it.
5. Include additional files in your profile. You can be incredibly creative these days in providing information about yourself and your accomplishments. LinkedIn now allows you to upload all kinds of files, from PDF to Word to Excel to PowerPoint, plus pictures and even sound files. You can include, for example, a full PDF version of your résumé, examples of your art, coding, a voice recording of you telling your story, etc.
6. Contend with age discrimination. Of course, we all know that age discrimination is rampant, and none of us will be 20 years younger ever again. If you are of a certain age, chances are strong that people you went to college with are now in senior (aka hiring) roles. Rejuvenate those relationships by including your dates for degrees earned and becoming visible with your contemporary alumni network. Rekindle old relationships; you may be surprised at how eager others may be to help you in your job search.
7. Recommend people you respect. Think of five to 10 people whom you respect and whom you’ve worked with in the past. Link with them, and be proactive by recommending them. This is another way to rekindle old relationships and begin a whole new dialogue. They will likely want to recommend you as well.
When employers see that you have written recommendations for your former peers, supervisors or subordinates, they will conclude that you’re a strong team member, capable of adding real value in the future.
8. Follow people, news and companies. When you take the time to understand what people and companies in which you have an interest are up to, you will have no trouble personalizing a cover letter, tailoring your résumé to meet their needs and expectations and transform an interview from a grilling to a friendly conversation.
9. Take advantage of Groups. You can belong to 50 groups at a time on LinkedIn. Each has its own jobs tab that is different from the one at the top LinkedIn menu bar, and often listings are posted in those tabs that you won’t see elsewhere. And when you contribute things of value to Group discussions, you make yourself easier to find and add to your value as a thought leader worthy of being recruited.
10. Use tags to organize your connections. You will have a different number of tags available to use based on your membership level, but regardless you can label connections as you choose by using this feature. Some ideas: “People to Contact,” “Recruiters,” “Current Prospects,” etc.
Above all, remember your connections are people, and networking is about building and strengthening relationships, not simply asking for favors. When you show yourself to be thoughtful and engaging with talent to contribute as a valued team member, you will surely advance your chances of being found and hired.
FBI ‘Reviewing’ Cop Shooting of Unarmed Missouri Teen
The FBI is “reviewing” the shooting death of an unarmed teenager by a police officer, federal authorities said today. Michael Brown, 18, was shot multiple times and killed him during a confrontation with a Ferguson, Missouri, cop on Saturday afternoon, according to authorities.
Brown was not carrying a weapon and, according to one witness, was facing the officer with his hands raised in the air when the officer shot him, Piaget Crenshaw told ABC News. The officer has not been identified and has been placed on administrative leave by the Ferguson police department. The St. Louis County police department is the lead agency on the shooting. The FBI is “reviewing the matter,” an FBI spokesman told ABC News. The struggle began when the officer encountered two men, one of whom was Brown, in the street outside of an apartment complex, and one of the men pushed the office back toward his squad car, according to police. A shot was fired inside the squad car and then multiple shots were fired at Brown outside the car, killing him, authorities said.
Brown’s death sparked outrage in the community and prompted residents to march to the police station, demanding answers before holding a candlelight vigil Sunday night. The vigil erupted into violence, with some individuals breaking into stores and looting goods while others vandalized police vehicles. A fire broke out in a QuickTrip store that had been looted earlier.More than 30 people were arrested.
The FlexJobs research team, which spends hundreds of hours each week researching work-from-home openings, recently compiled the 20 most common work-from-home job titles. Check out the full list below.
Common work-from-home job titles
3. Customer Service Representative
4. Sales Representative
6. Account Executive/Manager
7. Software Developer
8. Case Manager
9. Medical Coder
10. Adjunct Faculty
11. Systems Analyst
12. Program/Project Manager
13. UI/UX Designer
14. Travel Counselor
15. Insurance Adjuster
16. Graphic Designer
17. Bilingual Interpreter
18. SEO/Marketing Assistant
19. Director of Business Development
20. Marketing Manager
If you’re in the market for a new part-time job, a freelance gig or simply want to ditch your hellish commute in favor of some much-needed work/life balance, here are five ways in which you can score a work-from-home job.
Ask your boss
If you already have a job (and you like it, to boot), there’s no reason why you shouldn’t ask your boss if you can telecommute. Simply make a list of all your job responsibilities, highlighting those that can be performed at home. Then, schedule a meeting with your boss and let her know that, at this point in your career, you’re seeking a more flexible schedule.
Go over your job duties, and explain how working from home will make you a stronger, more productive worker.