Jim Trautz's Blog Posts

How to Be a Competitive Buyer

I recently saw a report about my local market that stated the inventory in our area is down 17.1% from last year. By definition “inventory” is the number of months required to sell the

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Walking Through the Buying Process

As winter winds down and spring approaches, thoughts of home ownership begin to run through the minds of potential buyers. But what if you’ve never bought a home before? Where do you start?

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Basic Real Estate Terms - "Seller Credit"

A "seller's credit" is when the seller agrees in writing to contribute a certain dollar amount or percentage toward the buyer's closing costs. “Seller credits" are concessions, paid by sellers

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Dismissing the Myth - "Winter is BAD for Real Estate"

One of the biggest myths about Real Estate is that winter is a bad time to buy and sell real estate. I take offense to that, because it simply isn’t true.  Just two weeks ago, I closed on

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Basic Real Estate Terms - "Home Inspection"

Although buying a home may seem like a scary thought, there are a number of protections built into the process to ensure that all parties are protected to the greatest extent possible. These

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Basic Real Estate Terms - Closing

In a real estate transaction there are many events that take place, all of which cumulate at the final event, “Closing.” In a real estate transaction, the closing is the final

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Basic Real Estate Terms - "Preapproval"

If you’re in the process of buying a home, one of the first steps required is to obtain a “Pre-approval” letter from your lender. Basically, a preapproval letter provides

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Basic Real Estate Terms - "Days on Market" (DOM)

Realtors often use terms that make complete sense to them but mean nothing to their clients. As part of our Series on Basic Real Estate Terms, I'm going to try to break down a few of the terms you

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Seller's Market vs. Buyer's Market

I often have clients tell me that they’ve heard that we’re in a “Seller’s Market,” but they’re not quite sure what that means. So, to make it easy, here’s a

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Basic Real Estate Terms - "Housing Inventory"

Realtors often use terms that make complete sense to them but mean nothing to their clients. Over the next few weeks, I'm going to try to break down a few of the terms you often hear into simple,

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