Top 10 real estate posts of the day for 2/11/2010

Here is today’s list of top real estate posts of the day.

1) Why we don’t need more professionalism among REALTORS – It is time to RTB, raise the bar. We have heard that over and over during the last month from real estate agents. Daniel Rothamel says let’s not worry about it.

2) #RETT Opens its Doors to Anyone & Everyone – What the heck is all this #RETT talk on Twitter over the last 48-hours. Well here is a good explanation of how the Real Estate Tech Tank started.

3) Simi Valley Home Buyers 3 Important Concerns with Short Sale Offers – If you are a buyer looking at possibly purchasing a short sale there are a list of things you should really know, Ted Mackel does a good job here of taking the concerns and making a top 3 list.

4) Finding Customers in the Palm of your Hand – “The mobile web is the flyer box for the 21st century” I love that line.

5) Bank of America Achieves Surrealistic Central Status – Bank of America is not the brightest group when it comes to short sales, that is not a shock. The reason this post is so valuable is there are two hidden lessons on short sales. First when you do not get the results that you should be getting, escalate to management levels who are much more educated and understand the process and they will get things that make sense done. Second it costs $3800 just the first day after a bank forecloses on a house, then come repairs, carrying costs and more… that is why it makes sense for banks to do short sales vs foreclosures.

6) Feb. 10, 2010 – Industry News Sites Announce National MLS – This shows you how long the national MLS has been coming. What no one has been able to really express to me is why as a licensed Arizona real estate agent I need to know what is on the market in Harrisburg, PA. It is a little outside my realm of expertise.

7) Controlling Your Real Estate Deals and Handling Catastrophes – This is a great lesson I learned the hard way in the last two months on a couple of deals that were having issues. You need to control your deals at all times.

8) Secret Squirrel and the Redfin Home-buying Class – Great marketing idea for home buyers and sellers that I see now and then, but could be done more for sure.

9) Rewards to Stop Mortgage Walkaways? – Idea has some merit, but it really depends on where the program is run. I could see it working in Iowa or NH where you may not be that far under, but somewhere like Las Vegas, Phoenix or Southern California where you may be $300,000 underwater $10k is not going to make much of a difference.

10) Are Banks Discriminating Against VA Homebuyers? – We all know banks are favoring conventional loans to FHA and VA, this post just highlights the point how we should maybe give a little better consideration to VA offers.

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Can the bank alter a short sale contract?

Video 90: The discussion came up on Twitter a few days ago, in a short sale transaction who owns the house and has the right to negotiate the contract, the borrower who owes the money on the house or the bank who is taking the loss? Can the bank actually alter the contract between the seller, buyer and agents? Any surety companies involved? One agent, the one who started the conversation, thought the bank owned the home and could do what they want. But as any good short sale agent will know, the bank is not a party to the contract and ONLY has the right to approve or not approve the transaction. The only way the bank can get more involved than that is if the short sale agent allows them to be more involved and that should never happen. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Top 10 real estate posts of the day for 2/10/2010

Here is today’s list of top real estate posts of the day.

1) Splash: the key to better real estate branding – Great advice on branding as always from Marc.  Don’t tell them you are the best, show them you are the best and they will come to the conclusion you want.

2) Brokers’ rights to control uses of their data and the RPR license agreement – The RPR-MLS-Broker discussion is quite interesting. If RPR cannot get all the data in the MLS their service will not be nearly as impressive as if they have all the data. If MLS’s do not provide the data brokers could do so. But again, this is only beneficial if all the major broker’s agree to it.

3) Using Local Forums To Generate Real Estate Leads – Most agents are always looking for new ideas, new marketing or farming techniques. Here is one that is easy and free to do.

4) Paragliding Must-See – Who doesn’t want to find a new way to market their home? Of course everyone does! Here is one that is sure to turn a few heads. Somehow I do not think we will be seeing it much.

5) Improvements nobody thinks of… – Looking for some low cost improvements, here are a few that will improve any house!

6) CUSTOMER SERVICE DOESN’T EQUAL ACCESSIBILITY – How many full-time agents take the advice in this post? I bet you not more than a handful. I know myself and most of the agents I am friends with do  not. But I think we should.

7) Who Says MLS Photos Aren’t Important? – WOW… you need to check this out. Want a nice video of your listing, but not good with video? I love this!

8) Buyer Sues Over Secondhand Smoke – And now for something completely different… This is so bizarre I had to Google it to make sure it was real before posting. How does this even make it to a court room?

9) Raising the Bar (#RTB) Starts Here for REALTORS – This all sounds wonderful, but when you have goals such as “Improve the competency and professionalism” or “Support and enhance the relationship between Realtors and consumers” what the heck does that really mean. All I see is language someone came up with with no meaning, but to maybe justify their job position?

10) The www.CondoGo.com iPhone App with Mortgage Calculator is Now Available for FREE on iTunes – Talk about big time! @IanWatt has been one of the leaders in real estate technology. He now even has his own iPhone app.

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Home shopping tips, make the search more enjoyable for yourself

Video 89: There is an easy way you can make the home shopping experience much smoother and more enjoyable for both yourself and your agent. Give your agent a 24-hour notice of the houses you want to see and don’t show up at the last minute with more listings. Often times the agent needs to call and get permission to show the house and do research. The agent can also lay out a route that will save time so you are not criss-crossing the city back and forth. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Top 10 real estate posts of the day for 2/8/2010

1) Learn by Doing, Exercise 2 for Real Estate Investors – How to Sell – Want to practice your sales techniques? Here is an interesting idea, a way to practice on Craigslist.

2) Does the Realtor’s Code of Ethics Prevent Real Estate Agents From Serving Their Clients? – Great post, something I admit I struggle with on a regular basis. How do you answer that question from the out of state buyer when they ask, is that a safe neighborhood, or is that a nice neighborhood, or would you put your mother there? You can’t.

3) RUMOR: First American offers up to 40% rev share with MLS providers – The part I find  most interesting is the rumor RPR may go around MLS providers and get their data straight from brokers. Sit back and grab the popcorn, this is going to be interesting to watch.

4) When Miami Beach Condo owners listen – Look at these pictures, staging can make such a difference, yet not really cost much money at all.

5) Agents of Change – Is there a week that goes by without a good discussion on Redfin and their model? I recently talked to them myself and what struck me was their overwhelming emphasis on customer satisfaction. Everyone says that is what they are all about, but with them, that is how you get paid.

6)  You Can’t Get Your Mortgage News From A Newspaper. And Here’s The Proof – Dan Green does a number on a mortgage column in the business section of his newspaper.

7) Loan Modification Horror Stories, What Are The Lessons? – If you are going to try to do a loan modification please do your homework. Check out the long term results of loan modifications and see who they really help in the end. And double, triple check any company you may work with and have them provide a list of a dozen clients who worked with them over a year ago to see if they are still happy.

8) FHA Streamline Refinance: Is It Still Possible? – If you have an FHA loan that is currently over 5.5% it may be time to look at a streamline.

9) Dallas RainCamp – Internet Marketing Class For Professionals – New to blogging or just intimidated about setting up your first real estate blog, RainCamp may be for you.

10) Alternatives to the Apple iPad for Tablet Computing – I have been struggling to hold off on the iPad. By this fall I will have a tablet for sure, I was wishing I had one last night when I was printing off all my MLS sheets for today’s showings. But there is some good stuff coming down the road that may be worth waiting for so I can avoid ATT’s network.

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Carnival of Real Estate edition #174 comes to DeanSellsAZ.com

carnival-of-real-estateI want to start out by thanking Mike Price for allowing DeanSellsAZ.com the opportunity to host the Carnival of Real Estate, edition #174. We have been a long-time fan of the Carnival.

Some blogs who host the Carnival like to post the top real estate posts submitted to them and then include a long list of honorable mention posts. I am going to do things a little different. I often judge the top posts with my daily Top 10 real estate posts of the day, so I am used to narrowing things way down. I will be doing the top 3 posts, staring with number three and ending with the top post submitted this week.  Many thank you’s to everyone who participated in this week’s fun. Good news for me is I added another 4 blogs I was not following in my RSS reader and I expect them to be making my top 10 list soon.

Post #3 Factors That Affect Home Values

Trisha comes up with a post here that is great information for home buyers. There are many things that go into determining the value of your home, or the home you are looking to purchase. Some of those factors are obvious things like location and upgrades in the house, but others are not so common like are most of your neighbors completely underwater.

Post #2 Give me your keys- I’ll drive you home

If you are reading this Carnival of Real Estate you most likely know about the blow up a week ago between Greg Cooper and Todd Carpenter. In this well written post by Hey Amereto she looks at the bigger picture. Does what you say on social media come back to your broker. While I think a salaried employee like someone at NAR should be held to a higher standard than an agent who is a contractor, both need to be careful.

Post #1 Taking REALTORS® Above the Bar

Raising the bar has been a hot topic for agents over the last few weeks. Toby Boyce takes a look at some ideas to help agents become better agents. I have often asked myself, if designations are such good training why do we not just add them into the training required for a real estate agent before they get their license? I know many agents would agree the training required to get your license should be higher and Toby touches on some good starting points.

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Top 10 real estate posts of the day for 2/8/2010

1) Success Simplified – The FIX or Fire It Method – Not sure which part is my favorite, the great advice to real estate agents in the bottom half of this post or the fire your bank image at the top.

2) The Internet is Broken – This is the best response to social media does not work for real estate agents I have ever seen.

3) What kind of exposure should you expect for your listing? – Advice for home sellers, almost every agent will tell you your property is going to appear on the Internet, but how above and beyond does your agent go?

4) Sharing ideas in Real Estate – This is a subject we were recently discussing around here. Doesn’t it seem that the RE.net agents are always sharing ideas and talking to each other about what they are doing, while many other agents like to think of everyone as competition and not share?

5) Predatory Short Sale Negotiators – Sounds like someone needs to loose their license. Buyers and sellers of short sales need to be aware of this. It is one thing for an agent to charge a small fee for staff, it is another thing to completely gouge.

6) Should Realtors Get “Awards”? – I am an agent who believes almost all of those e-Pro, CDPE, Million Dollar Producer designations are a waste of time, space and money. There are very few that. I agree with the offer, but I would take it one or two steps further in my dislike for designations and rewards. What would I do different? Instead of having agents pay for the designations, why not teach them what they need to know in school BEFORE we give them a license.

7) Listings: How Photos Can Make or Break Your Sale! – I talk about the importance of good pictures often, in this video Josh does a great job explaining to agents and home sellers why pictures are vital.

8) Where Have All The Houses Gone? Can we Fix the Growing Shadow Inventory Problem? – I like this post because I see every day how fast the foreclosure properties are going in the Tempe and Phoenix area. I believe the market could handle most of the influx in homes the banks are hiding on their books. Let’s just rip that band-aide off quick.

9) I Have Some Bad News – Elizabeth is one of the best writers you are not reading. She brings you places in her blog that only full-time agents in the field all the time can relate to and does it often with comedy.

10) What is an Absorption Rate? – Basic real estate 101, what is absorption rate and how does it effect your home buying and selling?

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Top 10 real estate posts of the day for 2/5/2010

1) The Ten Day Close: Why Other Lenders Whine About It – This one is getting annoying. We have 2 lenders here in Phoenix who can get loans closed (even in today’s market) in ten days or less. One of them even guarantees it. It is amazing to see other lenders, who work for shops that have a hard time getting a loan closed in 30-45 days, say it is bs. It is NOT bs as I have yet to see them not meet the 10-day close timeframe.

2) My Loan Officer Won’t Provide Me a Good Faith Estimate – When with the federal government stop over-regulating and making things worse. The have tried what, about 10 things in real estate over the last year to help consumers or to help the housing market? And pretty much everyone has been a disaster.

3) Cut foreclosures by slicing real estate fees – The foreclosure crisis is now the fault of the agent who charges too much commission. Al Lewis, excuse my French, but you are moron! The buyer deserves representation in the market and both the buyer and seller deserve full time professionals who can go to bat for them. Are you also out there also wanting to dictate how much a doctor can make for a procedure or how much a columnist receives for a poorly thought out article? There is nothing secret or hidden about our commissions, they are all in our contracts and on the HUD-1s.

4) Outdated Sales Tactics Remain the Norm – Some people (many that is) get caught up in what they have always done and hate change.

5) Don’t Hate Me ‘Cause I’m NAR – Good to see some members of NAR out there interacting with agents and listening to them.

6) Can I submit an offer on a short sale property while I keep looking? – This is a great question that all agents need to answer and one of the reasons on my short sale listings I require a deposit with the accepted offer.

7) Loan Originators: Stop Your Crying…Let’s Love the Good Faith Estimate – How good is Rhonda when it comes to the new GFE? She makes the top 10 list twice for the same subject in the same day. But she has a point here, we can all hate it, but it is here and we need to deal with it.

8) Don’t Get Short With Short Sales – Look Harder – Lesley and I must have been sharing the same brain wave yesterday as I did my blog post on which is a better day short sale or foreclosure. We both come to the same conclusion, if you have a time frame to be in your house then a short sale is not probably your best option, but if you have time to wait big deals can be had.

9) 35 Questions and Suggestions to help you sell your home faster – Some good advice for sellers on what can help their house sell quicker.

10) Knuckleheads beware: Real estate is changing – Is there anyone in the business that really makes you think more than the guys at 1000watt blog? Let me help you, no there is not.

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Will I get a better deal in Tempe if I purchase a short sale or a foreclosure?

Video 88: If I am looking at Tempe homes for sale will I get a better deal with a Tempe short sale or a Tempe foreclosure? First question you need to ask is when do you need to be in a house by? If the answer is less than 4 months, I would suggest skipping the short sale and focus on the foreclosure. If you have no time frame then a Tempe short sale may be a better buy than a Tempe foreclosure.

The reason a short sale can be had at less is because of carrying costs by the bank on a foreclosure. If they sell it at market value as a foreclosure, they may only be netting 70% of the market value when all is said and done. So if you purchased it at 90% of market value the bank would be making out better and you may get a better deal. Of course every situation is unique. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Top 10 real estate posts of the day for 2/4/2010

1) Real Estate 101: Representation – Jay makes a very strong case on why calling the listing agent on the sign may not be the best way to get the best deal on the house.

2) New Government Short-Sale Guidelines (HAFA) – Don’t Believe the Hype – I personally have vlogged about this on 4 separate occasions, and came to the same conclusion. The new short sale program is unlikely to change anything for the better.

3) “Highest and Best Offer” – How To Negotiate Real Estate – Often highest and best is just is just a negotiating tool.

4) I’ll Take The Blame, Will You Take Some With Me? – Sometimes you run across a writer on a blog and you think, yea that is how I feel, I could have never said it that well, but that is what I believe too. Lately Matt has been one of those bloggers for me. There is some great advice in here for new agents.

5) No Clue Or SPDS, No Consideration. Tough Love In The Phoenix Real Estate Market – I agree completely, there is no reason in the world a seller (not a bank) should be making disclosure. Why just because you are selling via short sale should you not have to disclose?

6) $8000′s to first time home buyers almost out of time! – Only a couple months left to take advantage of the first-time buyer tax credit.

7) Luxury Real Estate Branding: Canned Content = Canned Brands – Just having a blog is not enough, people have to actually read it.

8) How You Can Dominate Your Market Without Spending a Mint – I have been working with a new agent over the last month who wants the result, but does not want to do the work needed to get people to their blog. If you are not willing to work long and hard for the results, don’t expect the results are going to come quickly.

9) Network Products Guide Names DocuSign 2010 Hot Companies Finalist – Congrats to Docusign, glad to see others are seeing the value as much as I do.

10) Your Real Estate Listings on Your Facebook Profile with the REALTOR.com App – Still not sure about the Facebook app, how many people go to Facebook to see house adds? When someone tries to sell me on social media I usually unfollow pretty quick.

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