Francesco Mazzaferro's Q&A

where do you think this 8k is coming from? My feeling is after this is over we will really see if true demand is out there for resales and new construction.i would like to hear both sides, this should be interesting :)

Most buyers are aware of the stimulus package for first time home buyers. Money is "cheap' now to borrow, in fact the lending rates have never been so low! First time home buyers are also temped with a generous tax credit of 8,000. But buyers must keep in mind that in order to benefit from this tax credit, their purchase must close by the end of November.Most transactions average approx, 60 days to close. It is important to remember that you need to be under contract by the beginning of September or earlier to factor in a sefety net of time - in case YOUR home purchase needs more than 60 days. Inspection issues can add some time.Properties involving the sellers bank (short sales) can take much longer to close, depending on the circumstances.

One man's loss is another man's gain and right now buyer's have everything to gain. It was only a few short years ago that sellers controlled the market and were calling the shots. In order to buy a home, buyers were paying over the asking price, foregoing home inspections and paying all their own closing costs. Hudson County home buyers were jumping through any and all hoops.1) Homes are more affordable2) Interest rates are at historic lows3) There are more homes than ever on the market4) Builders are offering more and more perks[content removed by moderator for being self promotional]

hey sunny view your absolutely right, i remember that movie, it was a good one, and your right about the fact that if I see something ugly just say it! dont sell it up or anything like that.I do exactly that and teach all my buyers agents to do the same.I even go as far as passing a house and if i dont like it just pass it, unless of course my client really wanted to see it...otherwise i will just say next if i didnt like the outside and would state, this is UGLY

also..this IS in the right section.  Buying process I think constitutes how to handle buyers.

to all these people that like to consistenly bash everything on zillow...you might take "smile and make them laugh" in a narcissistic way, however Im saying all my points in a professional and nice way.thanks to everyone else with something positive to say.

1) Know exactly what he/she wants and show them only what they want2) Do numerous comparables of the area, what homes sold for etc..(the more they feel comfortable with the numbers the better)3) smile and make them laugh4) when viewing properties, view them as if they are for yourself, this gives a sense of togetherness that you are in the process with them, not just a guy or gal waiting for a commission check.hope this helps

that 8,000 credit is enticing however overall...i disagree in certain areas to buy now.  rent for one year if you can...and you will save at least a couple grand

they did a study on dateline that showed 89.6% of companies that charge advance fees at all are scams....so please be careful....speak with your agent or someone in your circle of influence that is invovled in this field.

your agent should tell you, we have access to the "mls" service that allows us to pull up tax records and farm records to see the past prices of the home