Here is today’s list of top real estate posts of the day.
1) REDC Auction: Scam or the Real Deal? – There are different types of auctions for houses, there is the type where you go to the courthouse step and bid on the foreclosures and then there are the auctions like Hudson &Marshall or REDC where you can bid on a property that has been on the market a while. The advantage to the second is you can visit the house before hand and you can use financing, but don’t think you can steal it with a low ball offer.
2) Rants and Raves ! WHERE DO THESE MIAMI PRICES COME FROM? – One of my favorite subjects, why do we still price houses like it is 1992 and people are still looking at pictures in a MLS book. How we shop for houses has changes, so should the way we price them.
3) Is a Short Sale Free? Will it Cost Me Anything? – This is a common question I get too, what will a short sale cost me as a seller? The answer should be not much if anything at all. Although I would add into this equation the cost of getting legal advice.
6) Real Estate Agency, and Why I Can’t Help You – If you are working with another real estate agent, sometimes we just need to do the ethical thing and say sorry, we cannot help you.
10) Two Things: Agents and Listings – Great story for Brokers looking to expand, there are only two things to concentrate on. And for agents, take this information to your business. What are the two things that are money making activates, concentrate on them.
Kristin LaVanway joins me as we answer your real estate questions straight from the trenches of the Phoenix real estate market….in only 30 seconds. Today we answer:
Should you require a deposit on a short sale?
Can the bank dictate terms in a short sale contract?
Should agents rebate commission?
Can I sell my house for a higher price if it is not a bank owned or short sale?
2) CDPE – Certified Disaster of Proportions that are Epic – Anyone who has read my blog or watched the videos I do knows I am not a big fan of designations. I think I even called them money making ponzi schemes for the NAR before. As a matter of fact one of the most overrated designations in my opinion is the CDPE. That may be why I enjoyed this story so much.
3) Should New Agents Choose to List to Exist or be Busy With Buyers? – I know there are people out there that don’t enjoy working with sellers, and others that don’t enjoy working with buyers. Then again I have met agents that don’t enjoy working with either. :-/ I say bring them both on.
4) Roost Launches Free Real Estate Facebook Application – I am not a big believer in pimping real estate on your Facebook page or even a fan page for you as an agent. Really who wants to read that, not exciting. But this is something I will probably add in to my Fanpage TempeAZ. I really like what they have done with it.
2) Shock Value – Lesson learned, keep your house ready to show when you are selling it because you never know when the buyer will be coming through that door.
3) CitiMortgage Tests New Foreclosure Alternative – So Citi is looking at taking homes back with a deed in lieu of foreclosure instead of foreclosing. If other banks followed this my guess is it would have an effect on short sales. Part of the reason it is beneficial for a bank to allow a short sale is because the cost of foreclosing. They would still have carrying costs, but how much of the cost is in the actual foreclosure? Something to watch.
5) Home Inspection — Is it important when buying a home? Any post that every answers that question with a no would never make my list. Talk to your agent about good home inspectors. They know the good ones from the ones who miss black mold. Yup, it happened.
6) Traits of a Great Real Estate Agent – Great advice on being a great real estate agent, but really this should have been titled be a great listing agent. And we all know we need more great listing agents. There are some out there, but not enough.
7) Buyer Agency – is This Realtors’ Dirty Little Secret? – I’m including this because I would love to see more discussion. I know most agents I talk to never use an exclusive buyers agreement. Yet they are represented really in the comments here.
8) OK, not exactly a post here, but I noticed this fancy new brochure that NAR has put out on the HAFA program. I am still convinced, as I have been since November when I did my first video on it, that Vicki Cox Golder has not read this. I’d love to know how much of my dues went to the HAFA brochure from the NAR. Another fine government program that will have the same effect as the last few useless programs.
9) It’s Not You, It’s Your Neighbors – One of the biggest challenges with getting a new loan, be it a new or refinance, is the appraisal. Appraisers were quick to jump prices in the mid 2000’s and now seem just as quick to price homes in the other direction. Even when every indication is prices may be raising in an area. So how do they come up with that price? Blame your neighbors.
Video 97: I had a email from an agent in Colorado the other day. We had a conversation back and forth on Skype and I couldn’t believe what he was telling me. GMAC was requiring the buyer in a short sale purchase to put down x amount of money as earnest money. Then once [...]
Here is today’s list of top real estate posts of the day.
1) Just When You Thought It Was Safe… – Once again Elizabeth Newlin thoroughly entertains as she educates. I personally wish she wrote more, her stories are so entertaining when she does. Good education in here for those looking to purchase Short Sales.
2) What [...]
Here is today’s list of top real estate posts of the day.
1) Who is moving up? – You can make a strong argument for how effective the first-time home buyers tax credit has been in helping the housing economy rebound, but the move-up credit has not had nearly the same impact.
2) Why the Rush for [...]
Video 97: I applaud the Arizona Department of Real Estate for issuing a Short Sales Sellers Advisory. They have included a lot of good information such as scams to avoid, options to short sales and advising you to get legal and accounting advice. The one thing I did not agree with them on is their recommendation [...]
Here is today’s list of top real estate posts of the day.
1) Ten Questions to Ask Yourself Every Month – Did you join me in making a great business plan last November for 2010, and have not looked at it since January 5th? If so this method may be a better way to keep on [...]
Latest edition of Phoenix Real Estaet FAQ’s with Dean Ouellette and Kristin LaVanway:
Questions we answer this week include
Can my listing agent charge administration fees on top of commission?
Are open houses a thing of the past or should I have one?
How can I get more pictures of a house I see on the Internet?
Who is responsible [...]
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