Video 14: We hear it all the time, why is my condo or house not selling? Well if you live in the Phoenix area the market can no longer be the reason you use to justify it, the reason is it is over priced! Either make improvements to justify the current asking price, or reduce the price to where it is competitive with the market. If you want to find out how much your house is worth email me Dean Ouellette.
1) Underwriter knows best – 2nd day in a row there is a rant on a real estate blog about underwriters, amazed there have not been more actually.
2) Mortgage rates trend down – 30-year fixed mortgage rates are falling back down to sub 5.0.
3) Is earthquake insurance worth it? – Does your state rank in the top 20 for earthquakes?
4) The significant advantage of being the “Top of mind brand” – No matter your market, if you can be the top-of-mind brand in your market, you will have an advantage.
5) Power to the seller: The unzillowing of real estate – MLS boards are adding language to give home owners the right to not have their home blogged about.
Video 13: Not much about real estate today, but Tempe’s Oktoberfest 2009 is being held this weekend at Tempe Town Lake, it’s a good time for all ages. You can find more on the Tempe Oktoberfest website or on Raillife.com. Feel free to email me events Dean Ouellette
1) Dear loan underwriters – Please stop asking for pointless time wasting minutiae – It seems with every deal underwriters come up with something new to ask for, almost like it is a contest. Here Jay gives some examples.
2) Zillow COO discusses next wave of foreclosures on Fox Business – Interesting video interview on the “shadow” inventory with Zillow COO Spencer Rascoff.
3) What is my home worth? Beats me – Appraisals are completely unpredictable in the housing industry right now.
4) FHA broker approval delegated to approved DE Lenders: Will this squeeze out smaller players? – Will new FHA guidelines kill the small lender? It’s not the first time we have heard this in the last few months.
5) Measuring influence on Twitter: Who “cares?” – Marc Davidson does a great interview with Klout to determine what exactly Twitter influence is.
Video 12: Talking to an owner at the Northshore condominiums in Tempe by Tempe Town Lake a discussion arose on purchasing Tempe condos for investments. When purchasing foreclosures there are some strategies to getting the deal structured to put you in a good position. But with foreclosure buying strategies there are some dangers involved. Make sure you are working with a Realtor who has closed a lot these foreclosures this year. If you want to talk about buying a Tempe foreclosure condo or any foreclosure unit please e-mail Dean Ouellette. You can see a list of Northshore condo units for sale here.
1) 101 cars, part 101… – Lane Bailey is Georgia real estate agent who is building a niche market around car lovers. Lane started writing a 101 part series on cars I have enjoyed and now that he has actually completed this project we wonder what is next. Congrats Lane.
2) There is a reason 20% down should be required! – A good piece on why maybe we should go back to requiring someone put 20% down on their home purchase.
3) Who hates paper – this guy! – A new Bloodhoundblog.com column on using a tablet in your real estate business.
4) Appraisals kill deals – How the current state of appraisals is hurting home buyers and sellers.
5) Fishing for a few while ignoring the many – Dave Smith is probably my favorite real estate geek when it comes to tech tips. Today he looks at Active Rain and is it worth the investment.
Video 11: From this condo foreclosure at the Summit at Copper Square Condo development I discuss the great value in luxury condos in downtown Phoenix right now. If you need any more information on the downtown Phoenix Summit at Copper Square Condos for sale e-mail Dean Ouellette.
1) You’re fired – When agents or loan officers get fired the buyer still buys a house usually. And 5 clients to dump now – Agents firing buyers.
2) FHA to adopt HVCC-ish guidelines effective January 1, 2010 – Everyone’s favorite new HVCC regulations are about to hit FHA loans, fun, fun fun.
3) The downside of HOA’s – For every $70 in monthly HOA dues you could buy another $10,000 in house.
4) Trulia exposed? – Interesting question, should Trulia have FSBO’s?
5) 7 million more foreclosures to pressure housing market – 7 million more? That’s gonna leave a mark. Make sure you check out the video.
Video post 10: While standing on the rooftop of the luxury Portland Place condos I decided it was a good time to do the top 5 things you need to know when moving to Phoenix. Let me know your thoughts and what things you would have on the list. If you need any more information on the downtown Phoenix Portland Place condos e-mail Dean Ouellette.
1) Selling homes Q & A: After a post and MLS, what else can be done to promote a home – Some tips on marketing a home for sale.
2) The possible impact (and real cost) of extending the first-time homebuyer tax credit – Interesting Zillow report on the possible impact of extending the $8000 first time home buyer tax credit and the actual costs of doing so.
3) Define for me if you will… “Raising the Bar” – Great post on education and the real estate industry.
4) FHA Commissioner dispels rumors about FHA mortgage financing – Is the FHA program in financial trouble?
5) How low can you go? Instant traffic by improving your bounce rate – Getting traffic but not converting? This may help.
