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Top 10 real estate posts of the day for 3/25/2010

March 25, 2010 By Dean Ouellette 2 Comments

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

1) Trials and Tribulations With Appraisals – I like it, a listing agent fighting back against a perceived bad appraisal.

2) Housing Market Set For Double Dip? – Double dip? Is that like a Dairy Queen ice cream cone? This is going to be an interesting year.

3) Ignoring The Shadow Inventory Will Not Make It Go Away – Shadow inventory is no doubt out there, but it has been for a year. The question is will they release it and flood the market or just keep the trickle coming.

4) New Yahoo! app “sketches” the future of real estate search – With the iPad and the even cooler WePad devices coming this, things will changes. These will be a real game changer for real estate.

5) New lead paint rules go into effect April 22 – This is not going to help the value of your house if it was built before 1978.

6) 7 Tips for Better Negotiation – Dealing with foreclosures we may not do as much “negotiations” as before, but when that case does come up some good advice and tips.

7) The Next Generation of Mobile Real Estate Marketing – Geofencing – So this is an interesting and maybe “cool” idea, but how is it different than a setting up an email alert for a home in your desired neighborhood?

8) Does the Real Estate Brokerage Matter to the Home Buyer / Seller? – Does your brokerage matter? As someone who recently went from a big name to a small boutique I think brokerage matters, I am just not sure that big name matters. I don’t think some of my clients even know which company I work for. Best part, great discussion below the post.

9) Bank of America Makes a Bold Move – Principal Forgiveness – This is going to be interesting to watch. With BoA I want to see proof first.

10) If Consumers Shopped as Diligently for Agents as Homes, the Real Estate Business Would Look Quite Different – This is why Jonathan Dalton is one of the best readers out there you are probably not reading.

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Filed Under: blog, Top Posts Tagged With: top real estate posts

Top 10 real estate posts of the day for 3/24/2010

March 24, 2010 By Dean Ouellette Leave a Comment

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

1) Think You’re the Online Marketing Master – Think Again! Check Out These 5 Points and See How You Measure Up – From developing a niche to managing your time, some good information to stay on track.

2) The Real Estate For Sale Sign of The Future – QRC is becoming more and more popular. You may not know what a QRC is, but I am pretty sure you have seen one.

3) Paying a social media penance – If you follow my stuff at all you know the mad respect I have for Marc Davidson. This is an interesting move. I myself unfollowed about 1000 people earlier this year, but will not be following him to this extreme.

4) Existing Home Sales Dip a Bit Nationally in February – It is good to know what is going on with the market nationally because your clients will hear it on the news. But remember, it is more important to know what is going on locally as all real estate is local.

5) 5 Minute Perfect Follow Up and the Secret to Lead Conversion – The numbers are staggering, how quick are you getting in touch with your potential clients? This is why you answer the phone when you can!

6) OC Register talks to Stefan Swanepoel on the market and agents – This is a great Blog Talk Radio segment, put it on in the background while you work.

7) Option Arms – the Big Bang That Didn’t Come (Yet) – There are still a lot of negative amortization option arms out there.

8) Why I Use Foursquare. And Why You Should Too – I always used foursquare different than things like Facebook and Twitter. I was much more private on Foursquare. I read this yesterday and it happened to come through my RSS feed when Drew was sitting right across the table from me. After I was finished I had a short conversation with him about it and changed the way I used the application.

9) Who Can Get a Loan Modification? – Sarah takes a look at loan mods and points out if you remain current and are a good payer you have a better chance of getting a loan modification done.

10) REALTORS That Want to “Raise the Bar” (#RTB) Can Start by Getting Informed. – The NAR site has some good resources available for agents on the home buyer tax credit.

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Filed Under: blog, Top Posts Tagged With: foursquare, Loan Modifications, marketing, option arms, QRC, real estate market, Real Estate Technology

Top 10 real estate posts of the day for 3/23/2010

March 23, 2010 By Dean Ouellette 1 Comment

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

1) How Loan-Level Pricing Adjustments Keep You From Getting The Lowest Advertised Mortgage Rates – Why am I not getting that rate I saw quoted? Here is why, same reason you may not get the quote for car insurance you saw on TV.

2) FHA 90 Day Flip Rule: Flip Flop – Just because the FHA waived their 90-day flip rule for a year does not mean all lenders will abide by it or have the same rules.

3) Agent Designations Explained – Let me help you with this, designations are a way for the NAR and their affiliates and partners to make money off agents each year. Yes agents after completing the class need to pay each year to use the designation. Kind of like if you went to ASU, got your diploma and then ASU said you need to pay us $500 each year or you cannot say you graduated here. That about sums it up. Not what this article says, but now you know.

4) Targeting Your Online Home Search – Matt does a great job here of giving advice to online home shoppers on how to narrow down your search and find the right one for you.

5) Reading up on real estate – Theresa makes a great point, most of us read up when we go to have our first kid, why not when we buy a house?

6) Top 10 Worst Places to buy real estate in the US – First I have to say I COMPLETELY disagree with this list. I may be wrong, but I would be willing to bet a lot of money that Phoenix is not dropping another 18% this year. But it is worth looking at.

7) I Leased a Property and It Is Being Sold as a Short Sale or Foreclosed…What should I do? – This is something anyone who is leasing in states like Florida, Nevada, Arizona or California needs to be concerned with. another great resource is Lemon Landlord

8) House Call: To Buy or Not to Buy – Good question, how fast would you rush out to buy a new car if the dealer said 4% off? That is what the $8,000 tax credit represents to a $200k house.

9) It’s Important to Know All Things Real Estate if That’s What You Sell! – Back in college I sold cars, it was constantly drilled into my head know your product! This post makes a great point about the same in real estate

10) The Shadow Inventory Debate – What fascinates me about the shadow inventory debate is no one knows for sure, If they did there wouldn’t be 30 different opinions on it. There is more mystery of shadow inventory than there is of the Big Bang Theory.

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Filed Under: blog, Top Posts Tagged With: 90-day flip rule, designations, FHA, mortgage rates

Top 10 real estate posts of the day for 3/22/2010

March 22, 2010 By Dean Ouellette 1 Comment

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

1) How screwed up is Bank of America? – The stories on the banks messing up on these foreclosures seem to be never stopping. Here is another one where the bank decided to foreclose on a house and take the goods inside. Even though they were not the lien holder on the house.

2) Will Getting A Loan Modification Hurt Your Credit Score? – Foreclosures and short sales are not the only thing that can damage your credit. Loan mods could have a negative impact too.

3) Use your Business Cards Effectively: Direct People! – There is somewhat of a point to what he is saying, but that is easy to say for me and Josh Aberson, but if your name is Ruth Griffith or John Smith, it is a little harder. And I also want to make sure they know I am easily found on social media so I list all my social media platforms on the back. And if they are driving down the road and want to see a house, I want them to pull out my card and call me, not the agent on the sign so I make it easy. But I get his point.

4) The Lowest Mortgage Rates of 2010 Will Be Locked In March And April – Mortgage rates have to go up they cannot go any lower, we have been hearing it for a solid year now. Dan Green thinks there may be about another month and a half left.

5) Foreclosure Inventory Is Increasing – With numbers going up will banks slow down again on the number of foreclosures they do to keep inventory lower?

6) The Advantages of Presenting and Receiving Offers In Person – It is harder and harder to do these days with the amount of foreclosures, but that is a local thing.

7) What Will You do for Success in Real Estate? – Choosing between work and down time is always a difficult choice. I like John tend to pick work right now.

8) Are You B. F. D. or Delusional? Take The Scrape The Label Test. – This is one of those posts you need to read 2-3 times to digest it, but you should!

9) 10 Commandments when preparing to apply for a mortgage. – Short and to the point, more people should listen to number 10.

10) Have you heard the one about the lawyer & the shark? – Lawyers and Realtors, she is right, we have so much in common. Both not held in the highest of regards, until you need us.

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Filed Under: blog, Top Posts Tagged With: Bank of America, interest rates, Loan Modifications, Real Estate Technology, top real estate posts

Top 10 real estate posts of the day for 3/19/2010

March 19, 2010 By Dean Ouellette Leave a Comment

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

1) Are Wall Mounted TVs a Fixture? – Kelly get’s it right, why leave anything to chance. Write it into the contract!

2) What To Consider When Pricing Your Property For Sale. The What’s, Why’s and How’s Of Creating A Useful CMA (Competitive Market Analysis) – A market analysis is going to help you price your house right, which is very important in pricing a house. Your agent wants to sell the house for as much money as they can, but they are also going to be realistic as they are detached emotionally from the home.

3) It’s Official: Facebook is kind of a big deal – If you are an agent it is becoming almost mandatory to be on and be active on Facebook. When they become the most visited website in a given week passing Google, you know they are big.

4) Text Messaging Lead Capture For Real Estate Pros – OK I am going to admit when I first started reading this I was already planning my text messaging is not a good idea speech, but then I read it. He almost has me convinced.

5) Help a FSBO Go Hi-Tech! – Hmmmm will this work? I am not sure, but it is one of the most creative ideas I have heard for going after FSBO’s.

6) Open Houses Help Sell Homes – I agree and disagree with Joe here. I agree the online presence or online open house is more important than a traditional open house in selling the house, but I think the number is so low for a traditional open house because most agents don’t market a traditional open, they just throw out a couple signs at the end of the road.

7) First Step to Listing Success – Dirk Zeller’s posts are almost always so good and packed with useful information. He should write a book. Oh he already did that?

8) FHA Rules Changing Faster Then I Change My Underwear – More FHA rule changes including questioning higher prices because of seller concessions built in.

9) Realtors, I Want You to Like Me… Or Do I? – Can agents get along? Just go to search.twitter.com and type in #RETT.

10) Generating Real Estate Leads Through Social Media – Great post about how the power of social media may really be in driving traffic to your site/blog.

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Filed Under: blog, Top Posts Tagged With: #RETT, fixtures, Real Estate Technology, text messaging, top real estate posts

Top 10 real estate posts of the day for 3/18/2010

March 18, 2010 By Dean Ouellette Leave a Comment

1) HAFA: 2 Guys, 2 Burgers and a Voice Recorder – Almost every blog post I have read over the last two months about the new HAFA program (and it has been a lot) has talked about the talking points of the program. This one goes a little deeper and gives you the stuff you won’t read in the talking points.

2) Famous blonde financial pundit expects double dip in U.S. housing market – This is something I have been hearing more and more over the last few weeks “double dip in housing market.” I still think the banks are to smart to allow it to happen and that is why they are controlling inventory, but the more I hear the more I question my thinking.

3) Zillow Launches Android App – Android finally get’s a major search app.

4) Walkaway Explosion? – Strategic defaults is becoming so popular this year I just checked to see if stratigicdefault.com was available, of course it is not. The numbers here are just staggering.

5) 10 Important Questions to Ask a Home Inspector – If you are looking to buy a house I would never consider doing so without a home inspection. And here are some important questions to consider asking the inspector.

6) Paying a fair price for the home you buy. – Great post Ardell! patience is everything right now.

7) Crime Scene Photos: A Surprisingly Effective Marketing Tool – OK probably not the best way to market a house, but sure is an interesting way.

8) War Stories – the Home Inspection – 5 hour home inspection? It does show the importance of a home inspection though.

9) New Breed of Single Property Websites for Real Estate: The Solution – Single property websites are great, but I still question if they are better than a page on my site dedicated to the property. My site already has built in Google Juice and not starting from scratch. Although the sign rider for a unique URL is more impressive.

10) FHA Appraisal Requirements – A quick look at what they are looking for in the property on a FHA approval of a loan.

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Filed Under: blog, Top Posts Tagged With: FHA, HAFA, home inspections, property marketing, Real Estate Technology, stratigic defaults

Top 10 real estate posts of the day for 3/17/2010

March 17, 2010 By Dean Ouellette 1 Comment

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

1) HVCC and AMCs Violate RESPA?] Here’s a possible solution – Holding the banks more accountable, This is long fairly dry post, but worth the ready. The problem is it almost makes sense, so what chance does it have.

2) An RPR Q&A Overview from Leading RE – So what is this RPR thing everyone has been talking about for six months now. If you want to get caught up quick this is for you.

3) Want Smooth Sailing? The Short Sale Listing Agent and the BPO – If you list short sales read this… “So, if you are a lazy listing agent who has little interest in your deal closing successfully, that’s cool. Don’t go to meet the agent preparing the BPO. But, if you want to be a super successful short sale listing agent and see more closings than ever before, get out of bed and go meet the agent at the door!” – I would take it one step further, meet them with photos on a thumbdrive and comps in hand. They are not making that much money, make their job easier.

4) Online real estate opportunity screams – are you listening? – Why is Marc comparing a house to a pair of sneakers? Read it and find out, then chances are most agents will be kicking themselves.

5) Trulia’s VP of Marketing Heather Fernandez on CNBC: The Search for a New Home – Could there be a trend where after the foreclosures are picked through in a market the market in that city just crashes?

6) Cash for Appliances Program – One of our jobs as real estate agents is to bring value added to our clients. Letting them know about programs like this is one way to do it.

7) Phoenix home buyers, are you being realistic? – A conversation I have with buyers on a daily basis. Yet for some reason few want to believe me until they loose the first 4 houses they make an offer on. Then they start to get it.

8) I Wasn’t Going To Buy This House Until I Saw The Realtor’s Headshot On The Sign – A little comedy for you on this St. Patrick’s Day. Enjoy, it is worth the read. (H/T Jim Duncan)

9) Adjustable Rate Mortgage Talk – Is your market strategy prepared for where your market is headed over the next few years? Which by the way may not be that different than it has been for the last six months.

10) Storytelling through Real Estate Video. Take two. – If you have looked around my blog at all here you know I am in love with video. This is just a “WOW” video when it comes to marketing a house.

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Filed Under: blog, Top Posts Tagged With: Appraisal, BPO, HVCC, marketing, Real Estate Technology, RPR, short sales

Top 10 real estate posts of the day for 3/15/2010

March 15, 2010 By Dean Ouellette 2 Comments

1) Can SMS Real Estate Marketing Attract more Home Buyers? – There will be more text messages sent this year than phone calls made. Why fight it any longer. People like to communicate that way, make it easy for them and place a rider on every sign you have.

2) Gifts from the Bank of Mom and Dad – Part 2: Conventional Financing – In only a way Rhonda can do she takes a boring subject and makes it easy to understand and enjoyable.

3) February 2010 : 4 States Account For More Than 50% Of Foreclosure Activity – What is really amazing about this list is no sign of Nevada or Arizona? The have dominated this list in the last 18 months.

4) How To Succeed in Anything in Life – Don’t Do This And You’ll Fail… Every Time! – OK tell me you are not going to read that one with that title. I did, and it was worth it. Nothing earth shattering, but a good reminder of what we should be doing.

5) Listing Icons: Is Adopting Abandoned Buyers Stealing or Smart? – Now this is an idea I admit I never heard of. But I love it!

6) The Purpose Of Real Estate Photography… – Want to learn something? Read this post! You will never think of photos for a house the same again.

7) The Source of Confusion – What do you get when take one of the top thinkers in the business dissecting the work of another top thinker? You get something that makes you question the very work model which you love.

8) Top 5 Tips for Securing an Accurate Appraisal – Be prepared if the appraisal comes back and you know it is bad.

9) “Gearing Up Your Web Presence” Seminar – I dont agree with those who believe you need to be successful online to be a successful agent, but if you are making it part of your business plan, are you doing it right.?

10) Top 10 Tips for !st Time Homebuyers in Northern Virginia – There are a lot of Top 10 lists out there for home buyers and sellers, This list is as good as any of them.

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Filed Under: blog, Top Posts Tagged With: Appraisal, Foreclosures, gifting down payment, home buyer tips, photography, Real Estate Technology, text messaging

Top 10 real estate posts of the day for 3/12/2010

March 12, 2010 By Dean Ouellette 1 Comment

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

1) Three Geniuses Walk Into a Bar… – Three respected individuals in the industry answering a series of questions in 10 words or less (sometimes).

2) FHA Flips for Flipped Homes (Some Restrictions Apply) – The FHA 90-day no flip rule was suspended for a year in February. There are restrictions though.

3) 5 Secrets To Success When Getting a Mortgage – Here are five things that seem so obvious to us for people who are in the process of buying a house. Then thinking about the last year I think I had someone who broke all five of these rules.

4) 1,000,000 Real Estate Agents Have Got IT All Wrong – Very interesting take on agents and how they do and should be using the internet and their website.

5) In Just 50 Days Your Home Will be Worth $8000 Less! – Going into last November I would have agreed with there, there were a flood of people looking to take advantage of the first-time home buyer tax credit. I just do not see the same wave of people this time.

6) Realtors Top Marketing Preferences – My favorite part of this may be how little agents think of Youtube. There were some surprising answers, but the one thing I agree with, referrals are still the king.

7) Paying More Than Asking Price For Your Home – In today’s market sometimes you are going to need to go over asking price to get what you want. That doesn’t mean you are overpaying.

8) Reclaiming my “rookie” enthusiasm…. – This is a great post that showed up in my RSS reader yesterday. I didn’t realize at the time it was a year old, but it is still worth posting as a top post of the day.

9) Impacting Home Values Is the Real Estate Industry Heroes or Villains? (Video Blog) – As agents we impact the value of the home through pricing and how we market the home. We also effect the future value of other homes in the area.

10) Treating Buyers the way Greg Swann treats sellers…and Cheryl Johnson treats agents in her office. – This is a very interesting tool that any brokerage could use that would save both time and money for the agents and their buyer clients.

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Filed Under: blog, Top Posts Tagged With: anti-flip rule, First Time Home Buyers, marketing, mortgages, Real Estate Technology, top real estate posts

Top 10 real estate posts of the day for 3/11/2010

March 11, 2010 By Dean Ouellette Leave a Comment

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

1) Determining Maximum Purchase Price (MPP) – If you are looking to invest you need to be able to quickly determine the maximum purchase price. Here is a quick formula that could help you.

2) Questions to Ask Before Listing Your Home with a Real Estate Agent – Advice from the Donald Trump team about what questions to ask before listing your home. Agents, are you prepared to answer them?

3) Assessed Value vs Market Value – Why is my assessed value so different than what my agent says my home is worth?

4) Real Estate Print Advertising – Not Dead, but Evolved – Interesting way to use print to drive people to your blog.

5) The Official Mortgage Rate Prediction For The Next 7 Days (March 11, 2010) – Very interesting results this week. There are three options, Up, Down, Same… usually the split is pretty good between the three, not this week. Check out these results.

6) Q&A Session with Dale Ross, CEO of the REALTORS® Property Resource (RPR) – You have a question on RPR it is probably answered here. Lots of good questions.

7) Underqualified? Underread? Under a Rock? Became an Underwriter! – This could be on the top 10 posts for the months! Dalton hits another one out of the park!

8) Safety – Cash Reserves – Never a Losing Year – If you are going to invest make sure you are really in a good position to do so.

9) Home Valuation from the Buyer’s Perspective – An interesting debate can occur from this, who does control pricing? Is it really the market or could it be the real estate agents or appraiser?

10) Does Face Book Help Your SEO? – How Twitter and Facebook can help you in Google with the new Google profile search

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Filed Under: blog, Top Posts Tagged With: CMA, investing, market value, mortgage rates, MPP, Real Estate Technology, RPR