Here is today’s list of top real estate posts of the day.
1) Contract Law: California Court rules on non-refundable deposits – I find this a fascinating read. When I first read it I was blown away, how could a judge just nullify a section of a contract where both parties had agreed to. I left a comment saying so, and the lawyer in the case actually responded to clarify why. I am no lawyer, I am not going to pretend to be one, but this is very interesting none the less.
2) Let’s Take a Big Giant Step BACKWARDS in Real Estate – Jay actually had a post that was in the running for the top 10 from this weekend, they on Sunday night he wrote another one, and it knocked the first one off. If you represent a buyer, and there is a bonus for the buyers agent, should you have to disclose that to your buyer?
3) Filing Requirements for First Time Homebuyer Tax Credit – It is tax season, do you qualify for the first-time home buyer tax credit?
4) Real Estate – Price vs Cost – Good advice that I would bet most buyers and agents do not discuss. There is the price of the house, but what is the cost of the house? How much is that house going to cost you each month/year.
5) Are Principal Reductions the Answer? – YES, the only answer!! And HEFI addresses the question.
6) Credit: Don’t Let it Kill Your Home Ownership Dream! – I like the look he takes here at debt and credit in today’s society. My favorite part though? I am a big believer here… “When surveyed, 75% of the Forbes 400 said the best way to build wealth is to become and stay debt-free.”
7) AG Poll Results – Where You Spend Your Work Day? – Interesting poll, results I probably would have predicted… but they don’t know about the next big thing in real estate work spaces.
8) Buying REO? Keep An Eye On Foreclosures Per Capita. – Distressed homes are 1/3 of all sales? That is going to vary greatly, I know in AZ it is 50%.
9) Questions To Ask A Listing Agent Of A Short Sale – Here are some questions to ask a listing agent on a short sale, I also want them to explain their process to me.
10) Will This Housing Market Mess Get Fixed? – Does more government involvement help or hurt the housing recovery?
