David James's (davidsellshouses) Blog

Real Estate Agent - ReMax Real Estate Services Columbia South Carolina
A Wells Fargo negotiator told me today that they were going to start "phasing out" seller concessions on short sales.  She said she understood other companies will be doing it as well. She said that they were losing so much money on the short sales they had to do it.  I mentioned that I would bet...
FHA announced several policy changes today to guarantee us a wonderful spring.  Since lenders have just been lending too much money and they apparently are afraid real estate agents will be getting too rich, the following changes will be made this spring: 1. Raise MIP to 2.25% and request legisla...
We are setting up a closing for next month which my seller will not be attending.  He decided that flying from New Hampshire to South Carolina to sign maybe four documents was probably not a good use of time or money.  After I explained to him how easy remote closings are these days, I checked ou...
Are the banks turning down short sales and waiting to see if the government will give them a better deal?  We lost two short sales this year that the banks turned down because they said the offer was too low.  The houses were then foreclosed and a month later they were on the market for less ($20...
I was asked about doing a trade.  Not a 1031, but just finding a house where they want to live and trading it for their house.  The first problem I see is finding that house that is owned by someone who is ready to move and who likes their house.  She also mentioned doing something like a rent to...
We have started seeing people "painting" their lawns around here.  I am guessing that this is not a new product, I'm sure you folks in dryer areas have had this for a long time.  I'm not talking about the stuff they spray on the side of the road that has seeds in it.  This is just grass paint.  W...
10. Save money! Rake yourself!9. More enjoyable ways to spend first thing in the morning than calling closing attorneys8. Time to get that colonoscopy you promised your wife7. Stress free end of the month holidays in October, November, and especially December.6. Time to talk to those people who c...
It won't be long now!  As more and more loans fail the mortgage companies and banks will be lining up for their federal bailout.  A bailout would be a really bad idea in my opinion.  I would like to see the government at all levels stay as far out of our business as possible.  The mortgage compan...
We had four showings over the weekend!  And one of them even wrote an offer!  If this was two months ago, I would be complaining that we had a slow weekend.  After two weekends with only one showing, four seems like a lot!  Also, we had two showings on two of the listings and none on the others. ...
I had this house (308 Devinrock Ct, West Columbia, SC see previous blog entry) listed since May.  We are nubies on Active Rain so we just posted it last week.  Well, we sold it over the weekend.  What a blog! (Say that with a Yakov Shmirnov accent)  Do not believe the rumors that the $5,000 price...

David James

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