To Handle Low-ball Offer, Minimize Emotion

It's a common scenario in today's real estate market: Sellers have their eyes on getting a certain amount for their home. Buyers make a low-ball offer that insults and offends the sellers and they refuse to even consider it. No sale.

How do you, as a seller, turn such a situation around in your favor to achieve a successful sale closer to your asking price? Your motivation plays a major role in your response, says Julie McCoy, a real estate agent with RE/MAX Accord in Lafayette, California.

If you want to sell a home quickly and a buyer is offering less but can close quickly, it's worth considering, McCoy says. When lower-than-expected offers come in, ask for an explanation from the buyer's agent and compare home sales to see how things stack up.

"The emotion has to be removed from the transactions," McCoy says. "Regardless of what kind of offers you receive, you can't take it personally. When someone writes a low-ball offer, it's not an indication of what your house is worth - but rather what they can afford."

Try to find wiggle room by negotiating the terms, such as the moving timeline, closing costs and repairs. You can gain back some money that way, McCoy says. If you're reluctant to touch the price but you're not having a lot of showings, seriously consider your motivations.

"When a seller says no to low offers, that means he or she will be carrying more payments on the house for a longer period of time," McCoy says. "If a seller can afford the daily cost of staying in the home and wants to get the best bang for the buck at closing, then there's not an urgent need to move. "

If you leave your gut reaction out of the equation, it's easier to make an informed decision on whether or not to consider a low offer.

"Motivated sellers will work with their agent, who then works with the buyer's agent, to negotiate - even if that involves countering," McCoy says. "It takes teamwork to arrive at a conclusion that everyone's happy with."

RE/MAX Ranks #1... in more ways than one!

"We accept this on behalf of all RE/MAX Sales Associates, whose high level of service made this recognition possible," Dave Liniger said. "This honor belongs to them."

A second study, conducted by national research firm Synovate, adds even more weight to the idea that RE/MAX is No. 1 in the eyes of consumers. In this survey, buyers and sellers ranked RE/MAX highest, by a large margin, in top-of-mind awareness, recalled advertising, firm most likely to work with, firm most likely to recommend, and many other categories.

When asked what real estate company first came to mind, 34 percent of the respondents said RE/MAX, easily outdistancing Century 21 (25 percent), Coldwell Banker (11 percent), Prudential (4 percent) and Keller Williams (3 percent). Overall, 95 percent of the participants were aware of RE/MAX.

This type of brand power brings business to RE/MAX Sales Associates, Liniger said. And when they combine their individual skills and talents with the "800-pound gorilla" of RE/MAX brand marketing, they have an unbeatable edge.

"Anyone who says brand isn’t important is either lying or stupid," Liniger said. "Advertising doesn’t cost; it pays. It brings more customers to our agents, makes things easier and generates business for them. And when they follow through with excellent service, they create repeat clients and referrals."

Custom marketing materials, Liniger said, will help Sales Associates use the results of both studies in their listing presentations and other promotions.

"We are developing all sorts of things for agents to use on the front lines," Liniger said. "This is their achievement, and they will directly benefit from it."

Broker/Owners in attendance were pleased at the news.

"Being No. 1 in one thing is great, but being No. 1 in lots of ways is much, much better," said Bob Carlseen, Broker/Owner of RE/MAX Praecelsus in Chula Vista, Calif. "Sales Associates are looking for messages that resonate with consumers, and this will give them something very tangible to use."

Paul Turcotte, Broker/Owner of RE/MAX Destiny in Cambridge, Mass., agreed.

"Every year, the tools keep getting better," he said. "And we have the proof to back up what we’re saying. Data doesn’t lie. I love the new direction."

Other highlights from the session:

• A new quarterly RE/MAX magazine, called Above, will debut in October in print and in an electronic version.

• RE/MAX CEO Margaret Kelly said the launch of the new remax.com site has been delayed by IDX policy changes at the National Association of Realtors. But while the site’s listing functionality has been impacted by the changing rules, work on the design and content has continued, and Kelly shared a glimpse of the fresh and user-friendly home page. She also emphasized that the current remax.com is completely compliant with existing IDX rules and would not be affected by any decisions at the NAR national convention in November.

Home Buyers and Sellers Prefer RE/MAX

RE/MAX Ranks Highest in Customer Satisfaction in 2011 J.D. Power and Associates Study

DENVER, CO – Results from the J.D. Power and Associates 2011 Home Buyer/Seller StudySM, recognize RE/MAX for providing the highest overall consumer satisfaction for both home buyers and home sellers. In last year’s study, two different companies ranked the highest in each category, but this year home buyers and sellers both rated RE/MAX the highest.

“It all comes down to professionalism and a commitment to a premier level of customer service,” said RE/MAX Chairman and Co-Founder Dave Liniger. “Because RE/MAX agents average more experience and training than other agents, they are better prepared to deal with home buyers and sellers in any kind of market. And, consumer preferences tell the story . . . nobody sells more real estate than RE/MAX.”

This is the fourth annual study of home buyer and seller satisfaction with the largest national real estate companies, conducted by J.D. Power and Associates. For the home buying experience, three factors were considered: agent/salesperson, office and a variety of additional services. Four factors were examined for the home-selling experience: agent/salesperson, marketing, office and a variety of additional services.

Details from the study indicate that on a scale of 1,000, homebuyer respondents ranked RE/MAX with a score of 805 and home sellers put RE/MAX on top at 791. The 2011 study includes more than 4,200 evaluations from 3,680 respondents who bought or sold a home in the U.S. between March 2010 and April 2011.

In two other 2011 industry surveys of the country’s top real estate brokerages, RE/MAX agents averaged more transaction sides than agents at the other national franchises. The RIS Media Power Broker Survey and the REAL Trends 500 both showed that RE/MAX agents averaged over 14 transactions sides, more than double the average of many competitors.

The success of RE/MAX agents is the result of its comprehensive educational platform, RE/MAX University, which offers over 1,100 educational programs on-demand, and available online, on television, on smart phones and in classrooms around the world.

About the RE/MAX Network: RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor today. RE/MAX is recognized as a leading real estate franchise company with the most productive sales force in the industry and a global reach of more than 80 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $100 million for Children’s Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities. Nobody in the world sells more real estate than RE/MAX. Please visit www.remax.com or www.joinremax.com.

About J.D. Power and Associates: Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company’s quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

Bahamas Rotary Tuna Classic a Success!

The 10th Annual Harbourside Marine Bahamas Rotary Tuna Classic fishing tournament was held June 10th - 12th with weighing stations in Abaco, Nassau, and Spanish Wells.

Sixteen boats with over 80 anglers competed to land the biggest Tuna, Dolphin, and Wahoo. The weather was fantastic and the anglers enjoyed the friendly competition and camaraderie.

Craig Pinder, Principle Broker of RE/MAX Bahamas Paradise Realty and proud Rotarian assisted with weighins and was stationed at Green Parrot on Paradise Island.

"Everyone had a great time." said Craig wishing that he was one of the anglers with a bounty of fish. "They were tired but in great spirits!"

The largest Tuna caught was 84.2 lbs. and over $25,000 was raised for local charities and community service projects.

Pictured here: Craig Pinder with Rachel Lightbourn and one of her catches, a Yellowfin Tuna.

Choosing RE/MAX helps when Selling or Buying a New Home

All those who have had the experience of buying a new home or selling a home know it is not an easy task in our current market conditions. RE/MAX and it’s RE/MAX balloon logo has assisted in creating a world famous real estate company. RE/MAX associates help people sell a home or buy a new home. It has been in business for over three decades and caters to clients from different parts of the world and has offices and associates that serve the smallest cities or towns.

RE/MAX has offices worldwide where real estate agents work tirelessly to help clients buy or sell properties and homes. RE/MAX Realtors have dominated the ranks in all the Certified Residential Specialist (CRS), the Certified Distressed Property Expert (CDPE), the Seniors Real Estate Specialist (SRES) and the Accredited Buyer Representative (ABR) designations and continuing education. This means their agents have some of the best expert knowledge related to the real estate industry and are able to serve buyers and sellers in a professional and highly skilled manner.

Whether you want to buy a new home or sell a home your task will become very easy and less stressful if you hire a RE/MAX Realtor because they:

• Keep themselves up to date with the latest trends in the industry.
• Use a comparative market analysis to determine the best price of a home or property.
• Use the MLS (Multiple Listing Service) listings to list their client’s homes and properties for sale with pictures and demographics on the Internet.
• Their knowledge of the local area and the market conditions help the process to be as smooth and easy as possible.
• Assist you from the beginning to the end of the process and work to earn your trust in hopes of repeat and referral business.

RE/MAX understands it’s responsibilities to society and has taken initiatives to give back to the community. Whenever you hire a RE/MAX Realtor for either buying a home or selling a home, they may donate a part of their earnings by participating in the Miracle Home Program or the Home for the Cure Program. Under the Miracle Home Program, real estate agents make a contribution to a local hospital affiliated with the Children's Miracle Network. The donation remains in the area and benefits the local residents. Under the Home for the Cure Program, a donation is made to Susan G. Komen for the Cure which uses the funds to help fight breast cancer.

RE/MAX Paradise Realty Brokers & Agents Receive Awards

On March 1st, thousands of RE/MAX real estate agents from around the world descended upon Orlando, Florida to attend the annual RE/MAX International Convention to learn, network and enjoy the unique energy generated at the annual gatherings.

The Convention offered educational classes, seminars to help improve and promote business, a trade show, and most importantly great networking opportunities between RE/MAX agents. There was also the annual awards banquet honoring top producing agents and offices.

Principal Broker of RE/MAX Paradise Realty, Craig Pinder, who was awarded the 100% Club Award for sales performance in 2009, said he was “very pleased to receive the award” and he would continue to “take RE/MAX Paradise Realty to the next level of customer satisfaction.”

RE/MAX Paradise Realty’s Zack Bonczek, broker and sales manager, and Jennifer Higgs, broker, both received Executive Club awards for their sales performance and achievement in 2009.

“it is extremely important to attend these annual conferences so that brokers and agents can learn new skills and techniques that will ultimately better serve our clients” said Mr. Bonczek. “RE/MAX is unmatched when it comes to educating its members and giving them the tools to be the best.”

Mrs. Higgs agreed and said "We learned a lot and had fun meeting wonderful people from all over the world. It was inspiring to see how many agents have soared to the top through RE/MAX. We’ll definitely be in Las Vegas next year."

Education was front and center throughout the week. Tip-filled sessions on social media, marketing, technology and other relevant topics were held each day. “It was wonderful, a lot of very useful information,” said a former agent, Nassau sales associate of RE/MAX Paradise Realty. “We’re excited to get back to our office to practice what we learned.”

Frank Knowles, RE/MAX Paradise Realty’s agent in Hope Town, Abaco, said that he “thoroughly enjoyed meeting and learning from such a vast network of realtors, especially from RE/MAX Cayman agents who we share a lot of similarities with.”

RE/MAX is a global franchise of more than 6,800 independently owned and operated offices in 70 different countries and nearly 100,000 agents.

RE/MAX was founded in 1973 by Dave and Gail Liniger. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of nearly 100,000 sales associates in more than 75 countries. RE/MAX was honoured as the leading real estate franchise in the “2009 Franchise Times Top 200.” No one sells more than RE/MAX!

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Buying your piece of Paradise

There are 700 islands and cays (pronounced keys) making up The Bahamas creating a vast selection to choose from when it comes to buying your own piece of paradise in The Bahamas.

From remote out island homes or beachfront properties where you can listen to the sound of the waves and just relax, to the city life of Nassau where just about everything is at your fingertips, The Bahamas has something to offer every potential purchaser.

With so many choices available, speaking with a qualified real estate agent can help in locating a property that meets your personal investment objectives. Some people that have visited The Bahamas before may know exactly what they are looking for, and for others the decision may not be so clear. As a real estate agent, our goal is to uncover what type of property will meet your specific needs and assist you in buying that little spot to call paradise.

The first thing a potential purchaser should do after selecting the right agent will be to discuss what you are looking for regarding your potential purchase. By asking you questions and listening to what your specific needs are, getting to know you and your lifestyle, dreams and goals, along with gathering other important information, your real estate agent will then be able to guide you to properties that meet many or all of your criteria making the process much easier and therefore giving you the right options to choose from.

If you are looking to purchase your idyllic spot in The Bahamas, let a qualified RE/MAX real estate agent assist you in making the right decision to achieve your real estate goals.

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Priced to Sell; Choosing the right Bahamas Real Estate Agent for You

You have been thinking and rethinking whether you should put your house on the market and you have now decided that it is the right time for you to sell your Bahamas real estate.

The first thing you should do is contact a local real estate agent to assist you. “Who do I call?” you may ask. Well you need to find an estate agent that you will get along with. Pick an agent that is going to look out for your best interests and not just an agent who wants another listing under their belt.

Opening the telephone directory and randomly choosing a real estate agent is literally the ‘blind’ approach. You need to select an estate agent that will gel with you, an agent that you feel comfortable with and one that you can trust.

The first place you should look for a real estate agent is in your group of contacts; your family, your friends, your business partners, your co-workers, your friends friends etc. If you do not know an estate agent personally, ask your group of contacts; they probably have had dealings with an agent and can point you in the right direction whilst also informing you of agents or company’s not to have any dealings with.

After you have done some research on the agents and their respective companies, and narrowed the list down to about three or four agents, it is time to interview them. Arrange interviews with each agent so that you can find out who the best agent and company is to potentially market your property. As the agents are asking you questions on your home you can ask them questions on their experience, their respective real estate company, and what homes are selling for in your neighbourhood. If the agent is prepared they will be able to give you some information on themselves and their realty company. After each of the agents have left your property you will have a better feel on who they are and who they represent.

The estate agents at RE/MAX Paradise Realty are fully trained and prepared to list your home for sale. We offer information and statistics to help you in choosing us to represent you and your property, but we are not interested in getting a listing just to have it in our database. We are dedicated on listing your home at the right market price.

Listing your home with the right market price will benefit you. Rather than listing your home at an inflated rate and having it sit on the market for months or even years, reduce your asking price to the right market level. This will ensure your home is in front of more eyes which in turn will result in a quicker and more successful transaction.

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Beautiful Treasure Cove Home for Sale

Perhaps one of the most unique offerings in Treasure Cove, this beautifully designed and impeccably maintained family home is ready for immediate occupancy.

Situated on a desirable corner lot and enclosed with privacy fencing, this residence affords the first time home buyer a unique opportunity to live in a gated, safe environment while enjoying modern finishes and lush surroundings.

Treasure Cove is located on the southeastern area of New Providence and has become one of the most popular gated residential areas of Nassau due to its beach frontage, secure family atmosphere, large park & playground, and close proximity to schools and shops.

To view additional information and photos of this 3-bedroom home please visit ParadiseBahamas.com and Quick Search for Listing #3076.

RE/MAX Bahamas now on MySpace!

RE/MAX Paradise Realty has now joined the social network MySpace! If you are a member of MySpace and you would like to be friends to stay up to date with real estate in The Bahamas then click here: RE/MAX Bahamas

Find RE/MAX Paradise Realty on MySpace here and add us as a friend.

RE/MAX Paradise Bahamas now on Twitter!

Do you have a Twitter account and would like to stay in the "know" with real estate in The Bahamas? If you would like to know what is going on in the Bahamas real estate industry then click here: RE/MAX_Bahamas

RE/MAX Paradise Realty has now joined the Twitter community. Find RE/MAX Bahamas on Twitter and stay connected at: http://twitter.com/REMAX_Bahamas

New RE/MAX franchise in The Bahamas

- Denver, CO – RE/MAX International Inc. celebrated the official signing of the Commonwealth of the Bahamas - the 73rd country to join the RE/MAX global network - with a flag-raising ceremony at its Denver headquarters.

Two new Broker/Owners are making a splash in the Bahamas with the opening of separate offices in Nassau, Bahamas.

Craig Pinder, Broker/Owner of RE/MAX Paradise Realty, and William Wong, Broker/Owner of RE/MAX Ocean Realty, are the network’s newest additions.

Formally named Paradise Real Estate - one of the top Bahamas real estate companies - now RE/MAX Paradise Realty - have aligned themselves with the real estate powerhouse RE/MAX to serve you better.

“RE/MAX is recognized around the world and there is certainly a place for this powerful network in the Bahamas,” said William Soteroff, senior vice president of International Development at RE/MAX International. “The Bahamas has an established real estate market and agents and consumers alike will benefit from the international resources and tools that RE/MAX has to offer.”

RE/MAX Paradise Realty now offers the worldwide brand name of RE/MAX along with their expertise.

Paradise Real Estate Launches New Website

In march of this year (2007 for those battling to keep up with the rest of us) Paradise Real Estate (PRE) re-launched their website to the world. This new website was designed around ease of use and functionality. Everything flows so smooth on their new website; pages seem to glide.

From their information About The Bahamas and Bahamian Communities and their Buyer’s Guide & Seller’s Guide to their Advanced Property Search, one can see the devotion & intelligence Paradise Real Estate has as a company and as individuals themselves.

The Bahamian web company Thyme Online undertook the project of creating an inviting and easy to use website for PRE. Thyme Online has recently reached a personal milestone in it's history, with more than 100 websites currently online. They have clients from The Bahamas, Montserrat and Anguilla, to the United States and as far away as Sweden.