Bourland-Kronk Team of Tennessee Valley

Staging Your Home to Sell!

Lynn Kronk & Brenda Bourland — Mon, 10 Sep 2007 15:10:00 GMT

We have found from experience that the activity during the first two weeks a home is on the market tends to predict how long it will take to sell. Potential buyers eagerly jump on new homes on the market. The first impression is the most important. Exterior well manicured yard and fresh paint. Interior bright and perky, minimize clutter, etc. Checkout www.bourland-kronkteam.net for Seller Free reports for a list of items. We also have a list of GREAT handyman and yard lawn maintenance services. Give us a call for any additional information! Also visit www.freeforsalebyownerguide.com for information to assist you in selling your own home!

Investment Opportunities as RE Agents!

Lynn Kronk & Brenda Bourland — Wed, 05 Sep 2007 00:22:00 GMT

As a Real Estate Agents your able to find those Investment Opportunities! Disclose, Disclose, Disclose. If you come upon a FSBO, Expired or Withdrawn listing that your interested in purchasing yourself you MUST disclose this information to the Seller. Many times in previewing these properties (and the property fits our profile) it is time to talk directly to them about your interest in making an offer. The Profile we follow is based on the Market Analysis, a Net Sheet showing your Costs for Purchasing and the Net to Seller, and your total costs to make upgrades (only cosmetic). If your realize a profit after deducting your costs and still sell if for market value then make the offer. Much of this information is available to you as a real estate agent through your MLS statistics. It is much easier to find these properties in your day to day prospecting than it is for the consumer. The side benefit is you will have the first hand experience investing in properties and will naturally attract other propsective investment buyers (non-licensed). There is a GREAT Seminar product you can check out on www.lucky7seminars.com . It is a team of investors in Tennessee that have CD and seminar training available about investing. Check it out!! If you have any questions contact me J. Lynn Kronk directly 256-679-1319 or lynn@lynnkronk.com !

Interested in Real Estate as a Career?

Lynn Kronk & Brenda Bourland — Wed, 05 Sep 2007 00:08:00 GMT

Considering Real Estate as a Career? Check out the National School of Real Estate for their classes within the State of Alabama, www.nsre.org . There are 30 CE Pre-License Classes to qualify to take the Real Estate Exam. You will then take the EXAM by scheduling with H&R Block testing centers. After you pass the EXAM you will receive a temporary (6 months) license to allow you to practice Real Estate and join a Real Estate Company in your community. During the 6 month period you are required to complete a 30 CE post license course. This prepares you for the day to day task that are necessary to prospect for Sellers and Buyers, preparing Market Analysis, how to work with Lenders, Appraisers, Contract Writing, Home Inspectors and minimize liability to you and your Broker. Sounds like Fun?

You should interview Real Estate Bokers before you sign on with a company. Find out about their in-house training for new real estate agents, technology available in the office, company web-site support, what FEE's are associated with supplies and/or Technology, Office Staff Support, how often do they have sales meetings/office tours of listings, and if they have a full time Broker, etc. Ask to sit in on any in-house training programs before you decide which company to join. Get is sense of the working environment in the office (are the agents friendly or not). Contact us with any questions you may have!

J. Lynn Kronk, direct 256-679-1319

lynn@lynnkronk.com

What is RENT TO OWN Program!

Lynn Kronk & Brenda Bourland — Mon, 03 Sep 2007 14:33:00 GMT

What this means for an INVESTOR! We have a group of investors that purchase properties that they hold for a one year plus 1 day. According to IRS guidlines with timeframe allows investors to be taxed on a Long Term Capital Gain. If held for less that one year they would be taxed on Short Term Capital Gain. This could mean a difference of 10-15% savings in taxes to be paid during the year the property is sold.

What this means for a prospective BUYER! The purchasers who want to improve their credit score to get the best interest rate and who want home ownership are the primary target for this market. It allows the purchasers to lease for a one year period, have pride of ownership and close when their credit scores are improved to get the best lender program to fit their needs.

What this means for the REALTOR! Real Estate agents who have properties that have been on the market, need cosmetic upgrades (paint, carpet, new light fixtures, plantation blinds). Maybe their Sellers have an urgency to sell. This is the property that our investors are interested in purchasing as an investment.

How we work with BUYERS!

Lynn Kronk & Brenda Bourland — Mon, 03 Sep 2007 14:20:00 GMT

When we get a call from a BUYER I never spoke to before, we explain that we need to meet in the ofice - sellers expect that we have met with the BUYERS and that they are pre-approved for a mortgage - and sellers expect a 24 hour notice before showing (preferrably).

Now, some BUYERS will insist on meeting at the house. We will give them the benefit of the doubt - the first time only. We will also call them BEFORE we go out to remind them of our appointment. If we get a voice mail or answering machine, we ask that they call us back to reconfirm the appointment.

If they're a no-show. We will call. If we get no answer and if they're a no show after 30 minutes, we will leave. If they happen to call back, we will tell them that we are not able to work with them. Period. End of discussion.

We've had it happen where they were a no show. If they're a no-show and if they didn't have the courtesy to call us, they do not get a second change - ever!