Top 10 real estate posts of the day for 4/14/2010

Today’s Top 10 real estate posts of the day in no particular order.

1) Mortgage Rates Will Probably Keep Rising, But Don’t Fret – Rates are up half a point from their winter low, but still are very low.

2) Consumers want experiences over products, do you know why? – Interesting study, but did we really need a study to tell us this? People want to know you care, and they can tell when you are faking it.

3)  Buyer : How Much Cash Do I Need? – Lender’s fees, points, prepaids, insurance, there is no such thing as a free lunch.

4) Rule your own Magic Kingdom – Technology is great, but sometimes you need to be a good old-fashion real estate agent to help dominate your neighborhood.

5) The Concept of A Break Even Income Property OR 2 RE Investors Walk Into a Bar… – The one law about real estate investing that most investors will forget… Murphy’s Law.

6) Am I Wrong? or Was this “Trulia Voices” Exchange “Crossing an Ethical Line”? –  I understand the intent of this part of our code of ethics, but sometimes it bothers me. When I know someone is talking to an agent and I think the agent (in my opinion) is giving them really bad advice why cannot I say something? Isn’t that looking out for the best of the consumer? And if someone is working with an agent who is never available to help or unwilling to help why cannot I step in and help the client. Sometimes we care to much about not hurting fellow agents instead of protecting the clients.

7) Real Estate Conspiracy Pondered By Home Owner – This was kind of funny… Getting a large group of agents to agree on anything is almost impossible and if you did get them to agree to a conspiracy half of them would talk.

8) BuzzRE: Internet Marketing Education for Realtors – Who wants to sponsor me to attend? Will travel from Phoenix, will get a t-shirt made up with your logo on it and will proudly pimp for you while I am there all you need to do is cover the hotel and airfare. And I will feature you as a sponsor for the rest of the month in my top 10. You know you want in ;-)

9) Credit Concerns When Buying a Home – Another one of those that is good information for a consumer to know and one agents can share with their buyers.

10) On Site SEO Vs. Off Site SEO What Is The Difference – Know them both, use them both, they don’t work without each other.

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Top 10 real estate posts of the day for 12/21/2009

1) A Realtor’s® life in song – My new favorite Christmas song. Great find Elaine.

2) My “Ideal” Home Purchase Time Line – Rhonda and I agree that is very important for a home buyer who will be financing their home to talk to a mortgage professional. The challenge is knowing who a good loan officer who can get a loan closed is vs someone who works for a big box company who has no desire to really close the deal on time.

3) Making an Offer on a Short Sale in the Phoenix Real Estate Market – Great advice from Jonathan Dalton on how to structure a short sale offer. If you do make an offer that is below what the market comps are you need to be ready to come up when/if the bank says to low or you may be wasting a lot of time.

4) Who You Gonna Call, Part 2: What it MeansRob always gets you to think, Interestingly enough, most of what we in the RE.net spend our time talking about — the marketing, superior technology, social media awareness, etc. — do not appear at the top of the list for realtors who select other realtors to sell their own homes.  What does? Trustworthiness.  In that sense, professional realtors are no different than layman consumers.

5) 12 Days Of Christmas – Mortgage Edition – In the spirit of Christmas I am not going to point out how horrible the singing is in this entertaining video.

6) Video Might Not Kill the Blog Star, But It’s Pretty Cool – Is 2010 finally going to be the year of video? I think so, so read this post and start filming.

7) Coming In 2010: Standardized Good Faith Estimate AND Updated Settlement Statement (HUD-1) – This post has the actual pdf of both forms.

8) Short Sale Predictor: Look for 2 Green Stars – What Frank does with his site and more importantly what he has done with his Frankly MLS is amazing.

9) Three Actions To Close out December- Real Estate Training – How do we know video is getting more popular? There are 5 in today’s Top 10, and one more post about videos. In this one Tom Ferry lays out three things you can do right now to get ready for the new year.

10) Advice for My East Coast Friends. Move to Phoenix! – This from Jay Thompson is for my friends back on the east coast… it really is that nice here.

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CITIBANK gets greedy, we call their bluff, they lose thousands

Video 64: CITIBANK had a foreclosure a buyer of mine was interested in, we had a verbal agreement, then after we had a verbal and they sent us the addendums which we did sign, they decided to get greedy. My buyer and I both thought it was bull shit, backed out and CITIBANK ended up losing thousands. So if you own stock in CITIBANK and wonder why they may be losing money…. 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 12/3/2009

1) We’re the Treasury- We’re Here To Help You With Short Sales (kinda) – More on the new short sales program. Rathbun has a reserved opinion, me, not as reserved, I think the new short sale guidelines are going to fail.

2) BofA to Repay $45 Billion in TARP – My take on this? The government is making the short sale “suggestions” listed in #1. When it fails will they make the suggestions mandatory for those who still owe TARP money? Don’t be surprised and BOA being one of, if not the worst to deal with when it comes to short sales may want no part. Just a thought.

3) FHA Downpayment, FHA Insurance Costs To Rise? – It is going to get tougher to get an FHA loan. Will be interesting to see if they do require a larger down payment. I for one hope they do!

4) Get a free credit report before you look for a house – I like her recommendation of getting one of your reports every four months. I used to do that when I cared about my credit score.

5) REW’s New IDX Map Search is Coming – For the other agents out there this is going to be an very interesting one to watch.

6) Exactly How The Long Tail In Real Estate Blogging Will Bring The Ready-To-Act Home Buyer – Determine what keeps home seller and buyer up at night and blog about that? So what is it?

7) Stop Thinking About It. It’s Time to Sell Your House. Inventory is Very Very Low in Northern Virginia – Looking for content for your site? I bet this is relevant to many agents out there and well done.

8) Christmas Comes Early For Some FHA Borrowers – Not to be confused with number 3 in this list. 2nd appraisals appear to be going away.

9) I can’t tell you how disgusted this makes me…. – Is Bloodhound becoming the Thom Vanderwell blog?  He is just cranking out content. Great story he picks up here, if true everyone involved should lose their license.

10) “The Digital Handshake” by Paul Chaney – Don’t Miss This One! – There are very few books out there on social media worth owning. This sounds like it may be one

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Do some REO banks have questionable practices? Yes

Video 52: Do some REO banks have ethical issues? Well I can tell you there are occasions where they step right up to the line and while they may not cross it according to the letter of the law, they do with the spirit of the law. One bank I have issues with is Nationstar Mortgage, but they are not alone. I would love to hear your thoughts or any suggestions for future videos you have, you can leave a comment or e-mail me Dean Ouellette.

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Top 5 real estate posts of the day 7/29/2009

1) Are you self employed? Be ready to show all income when applying for a mortgage – While it is difficult for self-employed to get a mortgage, it is not impossible. Just make sure you can document everything.

2) Qualify your prospects to convert more leads – I am not big into scripts, but this is a good one I could actually seeing myself use.

3) IRS prosecutes its 1st home tax-credit cheat – Imagine that, people trying to cheat on taxes.

4) If a Realtor is unethical in the woods – Is anonymous reporting the answer for keeping Realtors in check with skirting rules?

5) One week of Google Voice: Progress and pitfalls – Thinking of using Google Voice for your real estate business, here is one review you may want to read first.

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