Russ Whitney -Things to know about Real Estate Agents


A real estate agent can provide many career opportunities.You may start out working for a small or large company, and progress to managing your own firm with additional agents.Dealing with the property work is extremely very difficult unless you have proper knowledge about the methodologies.

Selling properties needs a reliable buyer ready to pay the right value of the house. The entire procedure is never easy until you get hold of an experienced professional.Real estate agents make a better choice as they have enough knowledge to deal with this situation and offer a desirable resolution in a very less time.

Real estate agents are into this business they have a clear idea about the potential buyers. They make every possible effort of acquiring the right value even in the worst market condition.When you hire an experience, you can stay assured about the paperwork.

A trained agent possesses more ability to sort the paperwork that come when you deal with the property.A skilled and successful agent with their experience gains lot of contacts that becomes a help for the sellers.

Similarly an advantage of hiring a knowledgeable expert for your property can get lot of experience and help sellers to sell houses at a right price. So hire them to eliminate the hassle while selling.

For More Ideas: Russ Whitney Real Estate


Selling Your Home In Summer For Buyers says “Russ Whitney”

Russ Whitney suggest that selling your home in the summertime can be a great opportunity to attract buyers as well as it can increase the chances of selling faster.Searching for homes often increases as a seller, to create a summer-ready home influences your buyers to step inside and stay a bit. The longer they stay when previewing your home, the greater likelihood that they’re making an offer.


Make the home look like the season and match the neighborhood.Russ Whitney gives ideas to notify your mortgage lender that you are planning to sell your home and get an idea from mortgage lender how much they would be willing to offer you and at the same time make a complete research and get to know the local market inside out.Russ Whitney prefers all that the decisions you make along the way could save you or cost you.

Russ Whitney assist that when you exchange contracts with the buyer you become legally committed to selling the property and they are legally committed to buying it from you.Take some time to make sure you have your home looking its best. If there is little demand, you may have to lower your price and be prepared to do everything within your power to accommodate potential buyers.

Homebuyers Applying Mortgage Loan Changes in August prefers Russ Whitney


The loan documents to homebuyers are going to be simple and easier to understand. As per Russ Whitney there are two new forms, a Loan Estimate and a Closing Disclosure.The purpose of the new forms is to simplify closing information and make it simpler for consumers to compare their estimated costs to final costs.

Russ Whitney suggest that new forms will hold lenders to three-day deadlines so that consumers will have the information they need well before closing.The three-day rule applies to both the Loan Estimate and the Closing Disclosure.

Buyers should receive the former three days after applying for a loan and the latter three days before closing. At the same time buyers should take this time to look carefully for any changes between the Loan Estimate and the Closing Disclosure.

Russ Whitney informs all that consumers will have more experience on the new forms, the interest rate, monthly payments, and the total closing costs will be clearly presented on the first page, making it easier to compare mortgage loans and choose the one that is right for them.

Some important information will also be highlighted, including the costs of taxes and insurance and how interest rates and payments may change in the future. This information will help consumers decide whether they can afford the mortgage loan and the home, now and in the future.

For More News:Russ Whitney Shows Impact on Increase in Mortgage Rates

Real Estate Commission for Sellers-Russ Whitney


Most real estate agents bill sellers approximately six percent of the  sales price. Russ Whitney says nearly nine out of 10 real estate agents work on commission, and are paid only when the transaction closes. Real estate agents are the only who work this way.

According to the licensing law, Russ Whitney states that only licensed brokers or agents have the legal responsibilities of operating the brokerage.They can negotiate contracts, it’s the broker’s company name and signature on the listing contract.

Commissions are paid according to the terms of two contracts – the listing agreement and the sales contract.The five, six or seven percent commission that is negotiated is given to the listing agent, or listing broker.

The listing broker discloses the terms of the commissions to other competing brokers, so they will bring their buyers to the listing.When the buyer’s broker presents a contract to the seller, it will include a provision to collect their share of sales commission which is split in four ways:

  • Listing broker or agent
  • Listing salesperson
  • Buyer’s broker or agent
  • Buyer’s salesperson

At closing, the listing agent is paid by the escrow agent out of the seller’s proceeds,when the buyer’s loan is funded by the lender. The listing agent, pays the buyer’s agent share of the sales commission.All commissions are negotiable says Russ Whitney, but sellers should keep in mind that commissions are incentives.

Russ Whitney Says-Mortgage Rate Rise


Price is only one cost related to buying a home. Unless you are paying all cash for your home, you’ll need a mortgage loan. Rates are going up, and the terms of your mortgage loan will impact how much your home costs on a monthly basis as well as how much you pay in interest over the life of the loan.

It’s better to buy a home and let it lose a little value that can come back later, than to pay more for an interest rate that can’t be lowered.There are a number of things that impact the interest rate how good your credit scores are, and how much money you are putting down so that the lender can lend you less money.Lenders are requiring credit scores of at least 700 to obtain the best rates.

Conventional loans require 20% down as payment from the borrower. If you put less than 20% down, you may have to obtain mortgage insurance with the loan, so that the lender is paid.First, choose a fixed rate or an adjustable rate. If you plan to be in your home less than three to five years, an adjustable rate might be preferable, but if you aren’t certain, a fixed rate is better.

The most expensive loan is a 30-year fixed rate mortgage, but the advantage is that the cost of your loan won’t go up, because the rate is secure, pay more as time goes on for property taxes and hazard insurance.If you want a shorter term, your rate will go down and you won’t pay as much in interest, but your monthly payment will be higher. However, more of your payment will go to reducing principle in a shorter term loan.

The long-term mortgage rate generally gets its cue because most mortgages get retired within 10 years from people moving to buy a new home or because of refinancing.It’s better to buy a home and let it lose a little value that can come back later, than to pay more for an interest rate that can’t be lowered.

For More News: Ways to Delay Mortgage Approvals Says Russ Whitney

Russ Whitney: Real Estate Market Predictions in 2020

Real-Estate-Market-Predictions-2020The way in which real estate agents market properties and themselves has changed drastically even in the past 10 years. With information being more readily shared and buyers becoming savvier in the marketplace, it will become increasingly important for agents to cut through the clutter to get their message across.

The real estate sales and marketing for more than 10 years, staying ahead of the curve in technology and marketing advances has always helped the firm and its agents have a competitive edge in the market.A great deal of time researching trends in the marketplace and analyzing what top firms do from a marketing perspective in markets.

By looking at these trends, and the changing preferences of buyers, sellers and renters, all these changes could affect the distinctions between various firms says Russ.Thus there are some significant changes coming in real estate marketing.

1.Use of 3-D technology

Virtual tours will become more accessible pricing on 3-D technology, these walk-through will replace tours that don’t allow potential buyers to “see” into the home.

2. Interactive Office Spaces

The way where clients want to go and easily interact with a sales professional where people can casually chat about one of the biggest purchases or sales of their lives.

3. Neighborhood

People don’t want just to know what a house is like to live in; they want to know about the area around it.This reallocation also lets agents get information to a consumer the way they want to access it.

Marketing has always been one of the most important aspects of a real estate company’s value to their clients. With these changes in the marketplace, you can see a higher level of distinction between firms that focus their efforts on these things.

Russ Whitney’s Ideas to Fund Your Home with Retirement Plans

Ideas-to-Fund-Your-Home-with-Retirement-PlansThe idea of staying in the family home may be a comforting thought for people heading into retirement, but for many it’s probably a bad idea.The median two-person household entering retirement has a net worth of a just over $300,000.Despite having limited resources available to them, many move to a less-expensive home or even tap their home equity for income after paying off the mortgage.

People have a serious behavioral resistance to touching their savings or home equity in retirement. More retirees need to think about using their house for income in retirement.Many should also consider reducing their housing costs to help stretch their limited savings.The housing ideas involves the intellect and the emotions.

Most people think bigger so that they can better accommodate their family,the housing scenarios such as staying in their current home, renovating it or moving to a bigger or smaller home.The other option is a reverse mortgage where people have spent decades paying off their mortgages where they have provided much needed income.

For More News: Russ Whitney Investing in Best Small Business