Top 10 real estate posts of the day for 3/5/2010

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

1) 8 Ways To “Un-Approve” Your Mortgage By Mistake – Like your mom always said, behave. You just need to read to know what misbehaving is.

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.

5) The passion of the Realtors Property Resource – I’ve said it before, can you ever get enough RPR? I cannot wait to see this in action.

6) Tips for selling in today’s market – Really is a great video to use for sellers to prepare them for selling the house.

7) FOR SALE BY OWNER… You’re Certainly Not Alone, Thinking You Can! – A wealth of good advice for those who are looking to sell their home by themselves.

8) Create A Real Estate KIT and List Properties Anytime Anywhere – There is a few things in here I would never have, like paper contracts? When is the last time I used paper? But still a good list to go off of.

9) 27% of construction workers go jobless – And we wonder why the housing mess has such an effect on the economy.

10) MLS Photo Fail – There is bad photos, and then there are bad photos. Maybe there is a reason this listing expired before it sold.

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Top 10 real estate posts of the day for 3/4/2010

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

1) Realtor Facebook Fan Page Strategy Gains 4,000+ Local Fans in 12 Days – He is now over 7,000 fans in 15 days. I first mentioned what Dale Chumbley was doing in my Top 10 list on day 2 of his 365 day project. I thought it was going to be a hit, but nothing like this.

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.

4) How Much Would You Pay for a Viable Real Estate Lead? – A good look at leads, what do they cost when you buy them and are they worth it?

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.

10) How Long Do Potential Buyers Need to Wait to Obtain Financing after a Hardship? – It’s a common question we get a lot these days, if I file BK, or do a short sale or have a foreclosure, how long until I can buy a house again?

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Top real estate posts of the day

1) Inflation is both overstated and understated. Mortgage rates lose and win. – OK so I like to know if inflation is going up or down and what that means to me. If you want more information than that, like how its calculated and how it may be a misrepresentation, Dan Green is your man. Conclusion, inflation is not as bad as some on Wall Street think.

2)How long does it take to close a loan? – According to this post, the guys at Academy Mortgage are closing FHA loans in 10 days, guaranteed.  I am not sure this one passes the smell test.

3) Can I get a house in Phoenix for less than a car – OK so I can buy a house for less that $28k, but what if the buyer is like me and won’t spend more than $10k on a depreciating asset like a car?  Well the pickings are slimmer.

4) Don’t SPAM your old friends – So I have to admit I have not spent a lot of time really on Facebook, but now that I am working on that, it is good to know little tricks like this. How to turn off notifications of sending your friends acceptances to all your friends.

5) Work expands to time allotted – Another killer video by Tom Ferry, I know time allotment is one of my biggest problems, that is not allotting time for not working.

6) REALTOR 2.0: Getting started in social media – NAR’s social media guru Todd Carpenter gives some advice on how to get started in social media. This is a good starting point for those just dipping their toes in the social media ocean.

7) Decision on extending the first-time home buyer tax credit could come this week – Will it be extended? Will it be slowly phased out? Will income levels to qualify be raised? With the deadline coming soon we will find out shortly. Do I think the first-time tax credit should be extended?

8) While waiting for new FHA rules on condos, anticipation mounts – New FHA rules are coming for condos including the elimination of spot approvals. This means the while unit must be approved for FHA. This will not effect luxury condos as condo units over $346k (in Phoenix) do not qualify for FHA funding anyways.

9) Office supplies, task management and more with a web 2.0 flare – This post gives you a bunch of tools you can use from creating business cards, to creating to-do lists, on-line marketing and free conference calling.

Starting today I am going to try to have a video post of the day. Some days will be hard because there are not enough of us video bloggers out there yet to have something every day unless I have a video from Ian Watt or myself, but I am going to try to have one each day.

10) Charlottesville and Albemarle – Real Estate Anecdotes and anomalies – Jim Duncan does a good job showing how you can do video and keep it on a local topic, I may be borrowing some of this stuff for an upcoming webisode.

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DeanOnFacebook.com, for now at least – Not using common sense in a specific situation

mecolor One of the great challenges I have faced my whole life is my name. I have joked for a long time that I want to change my name to Dean Skywalker, or something a little easier to spell. Dean Ouellette is not the easiest name in the world to spell, but it’s my name.

Towards the end of last year I decided I needed to control my name. Being in real estate and meeting a lot of people I wanted to be easy to find and when you searched for  Dean Ouellette you would find me and not an artist in San Francisco.

As most who will read this also know I am a big believer and user of social networking. I am very active on Twitter, Facebook and Linked In. I also knew it was not going to be easy for someone to find me on Facebook as more often then not when they typed in my name they would not be typing “Ouellette,” but likely “Ouelette” or “Oullette” or “Ouellete” or… you get the point. It is more often than not my last name is misspelled.

I decided to steal an idea I had seen someone else use and I registered DeanOnFacebook.com.  I would then take that page and make it a direct link to my Facebook page. No worries about name being misspelled again.

I could not see a reason why Facebook would have a problem with that. After all if you were to look at the back of my business card, see DeanOnFacebook.com and wonder what that was you would be sent directly to a Facebook page. In theory more traffic for Facebook and more people seeing their advertising. It’s not like I created a parody site or I am trying to make money off it, just trying to make my Facebook page easier to find.

(Maybe instead of Dean Skywalker I should change my name to Dean Facebook.)

Here is the letter they sent me today. And it is a good thing I got it on my Blackberry because it went into my Gmail spam folder and would have never seen it. [Read more...]

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