Networking

Some time back, I was leaving the country for several years and decided to sell my house with a minimum of hassle. Coincidentally, the Ph.D. student club at the university where I was teaching was looking for a faculty member to host the upcoming faculty-student party. Aha, I thought, what better way to expose my house to more than 100 people? So I volunteered. In the week following the party, I received two offers and accepted one of them.

The buyers got a good price and excellent financing. I avoided the hassle of putting the property on the market and did not have to pay a sales commission. Win-win for buyers and seller.

This personal example shows the power of networking. What's surprising, though, is that so few buyers and sellers consciously try to discover each other through informal contacts among friends, family, relatives, coworkers, church groups, clubs, business associates, customers, parent-teacher groups, and other types of acquaintances. Don't keep your search a secret. Tell everyone you know. Describe what you're looking for. Why do it alone when you can enlist dozens of others to help you? Nearly all owners prefer a quick direct sale—even at a lower than market price—to going through the hassles and costs of listing and selling through a realty firm.

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Credit Score Booster

There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.

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