Housing Trends that Appeal to Boomers – Boomers Empower Themselves

One of the biggest characteristics of Boomers is that we as a group are do-it-yourself mavericks. We don’t like people telling us what to do. And we certainly wouldn’t want to pay for that type of guidance.

Therefore, the biggest trend in real estate today, hands down, is flat-fee realty services. Companies like mine have used technology and the economies of scale provided by a high-volume based business model to offer homeowners massive exposure at lower costs to market their homes. Boomers who want to remain empowered during the home selling process naturally gravitate to this model, because they are knowledgeable enough to know that it gives them the best chance of selling and, as my results have proven, in half the time of the industry average.

Another great component of this growing realty model, is that I allow my sellers to show their own properties and if the buyer comes in without an agent, save the buyer commission. Most do-it-yourself Boomers love this option because they know they are the expert when it comes to their home and they realize that every dollar they don’t pay out in commission, that a traditional agent would scoop up, is one more dollar in concessions to the buyer to make the transaction work and work quicker, or one more dollar in profit they can put in their own pockets.

This business model that I have perfected has been licensed to real estate professionals all across the country. I would highly recommend you contact one of my most advanced licensees, who is also one of California’s most successful brokers, for his take. His name is Simon Mills, of Mills Realty of California. His contact information is www.millsrealty.com and Simon can be reached at 818-332-7987.

Finding The Home That You Love

Just like people searching for a soul mate on a personals match website, when searching from your next dream home, like the ad says, “it’s ok to look online”. The first time people see a home is not when they physically view it, but when they see it online. Search websites like REALTOR.com, Trulia, Zillow, to find out what hunk (of brick and mortar) is available.

Use a matchmaker. Or in this case your friendly neighborhood real estate agent. Our search tools are far more advanced than those of the public. It is a free service to the buyer, since we get paid a commission from the seller. The expertise that a good agent (one that has a lot of transactions under his belt – not just years on the job) can bring to the transaction can help make that love-at-first-sight attraction into a sustainable, long-term, fulfilling relationship especially when it comes to writing and negotiating the contract. In fact, we at Duffy Realty of Atlanta pay our buyer clients a dowry, in most cases equal to 1% of the sale price in the form of a buyer cash bonus check at closing.

Don’t get into a shotgun wedding. If you are having problems making the deal, contract or closing process work, and the other side has defaulted in some way, just walk. Get your earnest money back and go find the next “Mr. Right”. Honey, this one just wasn’t for you. And nowadays there are many fish in the sea.

Rhonda Duffy

Mortgage Rates Fall To 37-Year Low! Now Is THE Time To Buy

Article from: Thursday, December 18, 2008,
The Business Journal of Milwaukee – by Bryant Ruiz Switzky Baltimore Business Journal

Thirty-year fixed-rate mortgages interest rates fell to their lowest level on record, according to Freddie Mac’s Primary Mortgage Market survey released Thursday.

The national average interest rate for 30-year fixed-rate mortgages was 5.19 percent for the week ending Dec. 18, the lowest level since McLean, Va.-based Freddie Mac (NYSE: FRE) began the survey in 1971.

Rates were down from last week when it averaged 5.47 percent. A year ago, the mortgages averaged 6.14 percent.

The 15-year fixed-rate mortgage averaged 4.92 percent, down from 5.2 percent last week and 5.79 percent a year ago.

The 15-year rates have not been lower since April 1, 2004, when they averaged 4.84 percent.

“The decline [in 30-year fixed-rate mortgages] was supported by the Federal Reserve announcement on December 16th, when it cut the federal funds target to a record low and stated it stood ready to expand its purchases of mortgage-related assets as conditions warrant,” said Frank Nothaft, Freddie Mac vice president and chief economist in a statement.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.60 percent this week, down from last week when it averaged 5.82 percent. A year ago, the 5-year ARM averaged 5.90 percent.

One-year Treasury-indexed ARMs averaged 4.94 percent this week, down from last week when it averaged 5.09 percent. At this time last year, the 1-year ARM averaged 5.51 percent.

If you are ready to buy, don’t forget about our Buyer CASH Bonus – www.DuffyRealtyofAtlanta.com

Find Home Buyers Tips and other Real Estate Resources HERE

How to Talk to the Neighbors Before You Buy A Home or Condo

Why You Should Talk To The Neighbors

First lets start with why you should talk to the neighbors. Neighbors, although they may attempt to not be nosey, they know everything. One time in my own neighborhood, although I did not know the people that lived there, I noticed that there were people there with hazmat masks and suits on for over one week unloading and cleaning the house.

We have also had the FBI do a stakeout on a neighbor’s house and arrest the occupants for counterfeiting. We have had two suicides in the homes and a guy arrested for child porn. All of these things have happened in a quiet suburbia neighborhood of only 58 homes in the 600K and above price range on a private golf course. Who would have thought? Well that is why unsuspecting buyers have continued to purchase in our little haven without knowledge until they go to the neighborhood party on various occasions and they learn that the previous owner in the home failed to tell them that the basement flooded and was left unoccupied for a year or so so that it caused major mold problems so bad that a recovery team had to come in. Would you like to know this before you make a 600K investment?

So here is the gameplan on talking to the neighbors…

Once you have decided on the home that you want to purchase, make sure that you visit the neighbors to get all of the scoop. Ask any question that comes to your mind, but here are some serious questions to ask. Go to at least 3 neighbors and do not make an offer until you talk to at least 3 to get the scoop.

1. How is the neighborhood association; strict, crazy or what?
2. Are there any assessments coming in the future?
3. How is the construction on the homes in the neighborhood?
4. Is there any crime in the neighborhood?
5. Is the neighborhood social?
6. How are the amenities?
7. Why are the neighbors (house you are looking at) moving?
8. Have they had any trouble with their house that you know of?
9. Is there anything that would prevent you from buying your own home again?
10. And anything else you want to know.

Another Money Tree Discovered in Georgia

In this video you will see another Duffy home buyer who discovers that money does grow on trees. Thanks to Sherry Hoger, a great buyer’s agent on the Duffy Realty team, Sherry’s clients are several thousand dollars richer and they enjoyed the process.

If you decide that you want a money tree of your own, please visit my website here for the details. We gave 323 buyers cash bonuses in 2007 after they found their dream home and closed the deal.

How to Buy An Atlanta Home or Condo – Do You Have What It Takes To Be a Buyer?

There are 7 things that you need to know if you are going to take your role as a buyer seriously. Read on and I will explain step by step the 7 things that are most important when you are buying a home or condo.

#1 thing to know and do when you buy a home or condo in Atlanta

    Get Your Money Together – Bologna Sandwiches Get Old Quick

Get approved for a mortgage. Approved means that you have given your lender every document that need to tell you the range that you can purchase in, what the amount of your payment, taxes and insurance will be and what your closing costs are. They will give you an approval letter so that you can show it to your agent and they can negotiate with power and get you the best deal possible. Sellers appreciate buyers who are ready to go and they will usually take you much more serious than someone who has done the easy work of finding a home first.

#2 thing to know and do when you buy a home or condo in Atlanta

    Hire The Very Best Agent You Can Find – It’s Free, Why Not?

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Phillipe’s Buyer Gets Over $7,000 of Phillipe’s Hard Earned Money

Yes, that is right. Phillipe’s buyer helped Phillipe find the house for him and he reaped over $7,000 of Phillipe’s commission. All part of the THANK YOU that you get when you buy a home with Duffy Realty protecting your interest.

View other canceled checks of other lucky buyers here.

Another Happy Buyer – Jack Gets His Check

Tell all of your friends and family – Duffy Realty is serious about giving money to EVERY buyer in Atlanta! Jack got his check personally delivered.

View the Video Here.

To get your buyer cash bonus, check out how here.

Duffy Realty

Duffy Realty Gives Buyers $1,169,137.73 in Buyer Cash Bonuses in 2007 – Is That Legal?

As seen in The Real Estate Journey
March 28, 2007

Many agents state that giving a buyer a cash bonus after closing is not legal. What is it that they want to hold back from their buyer? Buyer Rebates or Buyer Cash Bonuses are legal in 38 states.

As stated in Realtor magazine for consumers and agents, only 12 states have said that giving a buyer part of the agent’s commission is illegal in their state. The others have said – give the money back, it is legal. The states are Kansas, Alaska, Mississippi, Oklahoma, Iowa, Louisiana, New Jersey, South Carolina, Missouri, Rhode Island, West Virginia and New York. If you don’t live in one of those states, buyer rebates where an agent shares a commission with you is legal.

What we are talking about here is an agent agreeing to split or share their commission with a buyer who is the principal in the transaction. This has been done for years if your mother was the real estate agent or the agent agreed to take less of a commission to make the deal work.

At Duffy Realty of Atlanta, they share their commission up to 50% of the total commission, when a buyer helps them do what the buyer is doing anyway, which is help their agent find the home that they want to buy by driving by homes and searching the internet. “We apply this rebate to any listed home, for sale by owner or new construction. The only catch is, that the client must hire us in writing to represent them,” says Rhonda Duffy, owner and broker of Duffy Realty. “We successfully gave 323 buyers money within 5 days after closing in 2007 and ultimately saved these folks, made these folks, whatever you want to call it, $1,169,137.73 in cash. That’s a lot of whatever you want to call it!” says Duffy

“Buyers need to understand that this is their money. They are doing the work and they deserve the money. Another way to look at is that if the seller was not paying a commission, the buyer may get a better deal. The buyer is actually getting the best of both worlds with our Buyer Cash Bonus because they get the expert representation of someone who works volume while getting a check that averages $4200.00 on average. Our goal is to give every buyer in Atlanta a check after closing while supplying them the best representation that we have studied and strategized over for the last 6 years and thousands of deals,” boasts Duffy.

To learn more about your state and the laws regarding Buyer Rebates would be a smart move considering that most states have given you, the buyer, the right to get money back at closing!


Realtors scratching their head about WHY buyers would want to search without them?


I found this on ActiveRain – a social networking blog that I belong to. This is a commentary between agents and a manager of Active Rain, Tim:

Buyer’s Agents, Have Consumers Really Chosen Their House Online?

I’m fascinated by the conversation around REALTORS® and real estate on Twitter.

I track lots of different key words and find the conversations that take place enlightening. The other day I saw this comment from PJ.

“Going to meet with my realtor. I don’t know why as I’ve already picked out my house. GO AHEAD, TAKE MY MONEYS”

The timing of the comment was particularly interesting, since I had just had a conversation with Mariana Wagner about how her Internet clients “think” they know what house they want, based on their Internet searches, but more often than not end up buying something completely different.

In PJ’s case, she put an offer on a house that same day, so she was probably right. But every REALTOR® I speak to tells me that the process is indeed made easier by the consumers search, in most cases, but that their local knowledge contributes greatly to what their clients end up buying. The stereotypical consumer thought, “why do I need to pay so much money if I’ve already done all the work?” is often incorrect.

So it leaves me wondering…

What percentage of Internet shoppers really find their home online? What percentage of Internet shoppers end up buying something that you, as their buyer’s agent, have shown them instead?

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