More info…
ePartners is making it’s debut in Alabama in 492 cities statewide. ePartners is a nationwide relocation network that allows anyone to search for and find properties for sale in any city any time.

The local cities are affiliated with an agent or team of real estate agents who work the areas and are specialists in properties in each city. They can help members of the homebuying or homeselling public find exactly what they are looking for.

The ePartners network also contains specific city information on schools and neighborhoods, shopping and restaurants, and parks and recreation.

Sellers can market their homes through the nationwide network and buyers can easily find them from anywhere in the United States.

Some of the main sites are very easy to find: Alabamawebpage.com, Montgomerywebpage.com are examples of url’s that make this network very consumer friendly.

The ePartners network also allows real estate agents to easily get plugged into a nationwide relocation and referral network.

ePartners is set to take off in early December 2006. We will be watching.


Top 3 Dangers of Overpricing Your Home

by Mike Carraway, Access Realty, Birmingham, AL

A LOT of sellers want to price their home above the market value and they do it for a variety of reasons…

Some say they want to have “negotiating room”. Some say, “we can always come down later”. And others say, “we just want to see what we can get – you know – test the market.”

Theses are all good reasons from a seller’s point of view. They aren’t, however, from a property marketing standpoint. When you put a property on the market, you want to generate the highest traffic and demand in the shortest time possible and all of these so called reasons to overprice just hinder and impede the marketing process.

Danger #1

Pricing a home above the market value usually results in people going elsewhere and buying. They may love your home but if you have a similar product in your market for a lower price, they’ll buy it – not yours. In effect, you have missed your buyer and now you will have to wait and attract another one at a later date.

Danger #2

Traffic and lots of it is what sells a home. Without human bodies walking through your home, it doesn’t matter if it’s the best deal around or the most beautiful in your neighborhood – it still won’t sell. In order to get the most traffic possible in the shortest time, the price must be right from the very beginning. If the home is priced very near what you actually think it will sell for, you will get the most traffic – and offers.

Danger #3

Your home will sit on the market while YOUR buyers go buy other homes. You will have lower traffic due to the higher price and fewer people will be exposed to it. What happens when you finally decide to lower the price? People see the price reduction and it causes a couple of thoughts…

1) I wonder how much further down they will come?
2) I wonder if something is wrong with it?
3) I wonder how long it’s been for sale?

Just these three will cause you more suffering from low offers and constant questions about whether you will carry part of the financing or not. You will soon grow tired of it.

The best way to avoid ALL of these problems, especially in a buyers market as we are in right now, is to price your home AT the market. Not a little over but right at the market value.

Want a secret? Price your home slightly UNDER the market value. You will have people fighting over it and will probably receive multiple offers. When you do – you can actually start a bidding war of sorts over your home and may even realize MORE than the market value.

by Mike Carraway, Broker, Access Realty, Birmingham, AL 800-840-0165

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Which Agent will YOU choose?

Almost any source you looki at will tel you that between 80% and 90% of For Sale By Owners will eventually list their home with a real estate agent. There are a myriad of reasons why this happens but it all boils down to this: agents have the inside track on attracting buyer traffic to the home. They also do it full time so that even when the seller is gone to work, the house is still “for sale” and can be shown.

So, if you find yourself thinking of hiring an agent, which one should you hire?

First of all, consider paying the highest price for a good agent. Interview several of them and then ask them to cut their fee. The one that refuses to is probably your best bet. Why? When it comes to selling your home and getting your proce, you want an agent who is NOT a noodle…someone with a little back bone. If they won’t cut their fee and they promise a higher level of service and service quality, then they will also negotiate the hardest in the trenches when people are trying to cut your price on your home.

Second: if the agent you call doesn’t answer their phone or call back within a half hour – stop trying to get them. If they don’t answer or call back when you try to call them for an interview, what makes you think they will answer calls from buyers for your home?

Lastly, when you are doing the interview and listening to the agent’s marketing plan, look for the things that are different. If you talk to 2 agents and they pretty much do the same things… a sign, MLS, and a few ads… keep talking to more agents. What you are looking for is the agent who has a unique approach or ads value by adding unique tools. Agents that use the talking house transmitter or a 24 hour hotline system are some examples. If the agent you hire isn’t doing extra things to make your home stand out in the marketplace, you are just going to get the same ole, same ole. Look for something different.


New Alabama Relocation Network makes debut

A new network of websites which features the largest 494 cities in Alabama will make it’s debut statewide in December. Called the ePartners Network, the statewide web will make it easier for consumers to find properties all across the state of Alabama. In particular, the major cities, Montgomery, Huntsville, Birmingham, and Mobile and their surrounding communities are linked and cross linked so consumers can easily search for homes and real estate from one single location.

The state affiliate Broker, Mike Carraway (Broker, Access Realty), has already introduced the network to real estate agents in Birmingham, Huntsville, Jasper, Cullman, Hoover, Gulf Shores, Orange Beach, Montgomery, and several other Alabama cities. Each city has it’s own site and weblog and an agent can elect to be the exclusive real estate agent for their city to help consumers find what they want or to market their property statewide.

This is the first time in the history of real estate that geographic boundaries have been erased. In the past, agents and brokers have worked in certain geographic areas and basically limited themselves to that area, even though they were licensed to do business anywhere in the state. Now, for the first time, those boundaries are gone. An agent licensed to do business in the state can assist customers finding homes or locating a local agent from anywhere.

This new network will be a plus for all real estate ancillary services as well. Mortgage companies, insurance companies, and others can now advertsie their services on the network either statewide or in a local community.

The ePartners Network will change the way that the real estate business is done in other ways as well. It will serve as the first statewide, and even nationwide, platform for paperless real estate transactions.

Developing…


Open Houses in Birmingham!

Now there’s an easy way to find the open houses in the Birmingham, AL area with just the click of your mouse.

Weichert, Realtors – Access Realty has just launched www.8YellowBalloons.com

Tune in to 8yellowballoons.com every week to see where the open houses are going to happen. You would drive around looking but it’s a lot easier with a map.

You can also custom design your own Open House Home Tour!

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