Debbie Drummond
These are some of the most useful articles we've seen in 2014 for those who are buying or selling a luxury home. Some of the articles were written specifically for the luxury market. Others are just good info for any home buyer or seller.
The resurgence of real estate markets over the past year has brought about an unusual situation. While interest rates on conventional loans are still unbelievably low, new lending guidelines are making it a bit more difficult to approve a loan. At the same time, the number of jumbo mortgages continues to climb each month as [...]
One part art, one part science, determining the correct selling price of your home is no easy task. You want your home to move, but you also want to get as much money as you can out of the transaction.
Getting a low ball offer on your home can be pretty frustrating initially. You have your sights set on a price that you feel is reasonable and you expect to get at least that much on your home. When the low-ball offer comes in it can be upsetting, but it doesn't have to be.
When selling a home, a real estate agent and the seller must be on the same page as one another. This is even more critical for a seller and real estate agent when selling a waterfront property, as it can be more "tricky" than selling a three bedroom ranch in a suburban neighborhood.
Selling your home can net you a big return. But what does the taxman have to say about it? Taxes on capital gains can get you big-time in certain situations, so it is important to understand how capital gains applies to your home sale before you try to rake in the money.
Posted by Debbie Drummond on Wednesday, April 16th, 2014 at 2:21am. Buying a new home can be exhilarating and stressful at the same time. This is true in any price range. In the luxury market there are some unique challenges. We recommend luxury home buyers keep the following tips in mind as they're finding their new dream home.
What Does Social Media Marketing Have to Do With Real Estate? ... What Does Social Media Marketing Have to Do With Real Estate? Social Media has been in existence for most of us for less than a decade. Remember 2004? That was pre-Facebook. Pre-Twitter. Infancy of LinkedIn.
A myth can be defined as "any invented story, idea, or concept." Just because you read something on the internet does not mean it is true. The same can be said about something you may hear a co-worker or family member conversing about.
When selling your home, it's common you may experience some stress, feel a bit uncomfortable, and even have some anxiety. These feelings are usually magnified when selling your home while it's vacant. The truth is that even though most human beings are hard-working, considerate, and law abiding citizens, there are always some people however, who are not.
"If I had five minutes to chop down a tree, I'd spend the first three sharpening my axe." -Abraham Lincoln Preparedness in anything can greatly increase our effectiveness and chance for success. In real estate, the same holds true.
Selling a home is not the easiest of tasks but it also doesn't have to be as hard as figuring out the rubrics cube! The level of difficulty does increase though when selling a luxury home. With the increasing level of difficulty comes an increased level of expertise that is required to sell a luxury home.
Jumbo loans used to be something that only wealthy people needed to worry about. Not anymore! Nationwide, homes selling for over $500,000 accounted for over 12% of all homes sold in 2013. ... up 50% from 2012! Many of these home purchases will require the use of a jumbo loan.
With the economy and interest rates changing frequently, many homeowners ask themselves, "should we refinance?" It may seem like a difficult question to answer but with the following information you will be well on your way to a clear decision! When Should I Refinance?
Posted by Debbie Drummond on Wednesday, September 17th, 2014 at 9:25pm. Reports show the luxury home market is heating up. As noted in the Luxonomist, " U.S. Luxury Homes Are Selling at the Fastest Path in Years ". The article focuses on the uber expensive $30 Million plus market.
Posted by Debbie Drummond on Friday, August 1st, 2014 at 6:44pm. If a picture is worth a thousand words, in real estate it can be worth thousands or tens of thousands of dollars. The internet has changed the way we buy and sell our homes.
Posted by Debbie Drummond on Wednesday, June 18th, 2014 at 7:26pm. Low inventory means that homes are selling faster than they have since the peak of the market. In Las Vegas, 52% of the homes that sold in May were on the market 30 days or less.
Posted by Debbie Drummond on Saturday, May 10th, 2014 at 10:27pm. The option of buying a high rise condo is no longer restricted to big cities like New York. Tall buildings with windows that sparkle in the sun have popped up along coastal areas and in smaller cities like Las Vegas.
A Listing Agreement is a sacred thing . It is a contract written between seller and a licensed real estate salesperson working hard together to accomplish the goals of selling your home for the highest and best price. It is not just a bunch of words on a piece of paper.
If you're considering a remodel, or even a sprucing up, it's always a good idea to check out the latest design and decor trends. Kitchens and bathrooms are the most expensive rooms to update, and they often can make or break a home sale.
While not all inclusive, this list identifies MANY of the things your Realtor ®, will do for you or on your behalf. If your real estate agent is not doing many of these things on your behalf, it may be time to discuss why he/she is not providing these services.
Single in 21st century is not a stigma; it's a sign of independence. Women nowadays are their own bosses. They take leading positions and are in control of their own lives. So, why wait for "Mr. Perfect" to come around in order to buy a home?
Q: How can I really determine what my home is worth? An online estimate website says my property is worth $350,000, but my agent says it's worth only $300,000! I'm listed at $325,000, and my price is comparable to other similar listings. I really wonder about agents' motivations, if they're pricing to get an easy sale.
The age old question that I routinely receive from my South Florida home Sellers, yet it's heard nationwide; Should I price my home higher knowing a Buyer will try to negotiate down?
Posted by Andrew Fortune on Tuesday, November 11th, 2014 at 6:50pm. I recently had an out-of-town client fly into Colorado Springs to purchase a property. We had 3 days to find them something, so on day one we looked at 10 homes.
Posted by Debbie Drummond on Tuesday, October 21st, 2014 at 5:26pm. Have you been watching the housing market? Waiting to sell your current home and move to something nicer? Home values in Las Vegas have been improving for the past two years.
Debbie Drummond is a Full time Realtor in Las Vegas where she has been helping home buyers and sellers since 2003. Her knowledge of Las Vegas is a great resource for her clients. She's also lived...
