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 Investors to Buy Land? Genius or Madness? – Some investors are buying up land in Arizona and Nevada, is this a wise move, or foolish. I have seen the land prices here in Arizona, they are so inexpensive right now I think this move is very wise. Eventually this market is going to turn around. Somewhere like Arizona will still be a desirable place to move to and they will need to start building somewhere.
3) The seller didn’t submit my offer to the bank on a short sale… – One of my favorite subjects or should I say one of my pet-peeves when it comes to short sales. Who owns the house. It is not the bank, they are not a party to the contract.
4) Selling raw land? Not so fast, says NAR. – Wait isn’t that what we do? We sell land which may or may not have an improvement on it.
5) Jumbo Loans: A General Guide – Jumbo loans, yes they are still out there. They are just a little harder to qualify for.
6) The Importance of A Final Walk Through When You Are Buying – Final walkthrough is everything! Buyers there is no need to take the risk and agents there is to much of a liability.
7) Fannie Mae Seeks Another Bail-Out – A little piece of advice for Fannie, if you sped up your approval of short sales at a reasonable price you could liquidate some of those bad loans quicker which you could then turn around and reinvest into good assets quicker. Just a thought.
8) Have You Seen Your House Listing Lately? – Ok Matt is going to far now, he actually wants agents to put in time and effort to make the seller’s house look good to the public? But honestly… if you are a seller why would you accept this?
9) Focusing on the Median Price Can Be Misleading – Good argument that had not thought about.
10) Mortgage Pricing Gets Unpredictable. It’s Time To Lock Your Mortgage Rate – It is not often you hear someone like Dan Green come right out and say lock now, so listen up.
1) Typical Counter Offer to Buyer’s Short Sale Offer – I require the buyer to put down a $1,000 deposing for 90 days on ALL my short sales now.
2) We Pre-Qualify Our Buyers, Let’s Pre-Qualify Our Short Sales – Could not agree more. If the seller is not totally committed to the short sale process it is not worth the time, because as we all know short sales are not a short time.
3) Foreclosure Vs. Short Sale – This makes me wonder, are short sale rates different indifferent parts of the country? Do we get a higher percent of short sales approved in the Tempe/Phoenix than they would in St. Paul because almost every house here is in a short sale situation? The number is still much lower than it should be, but it sounds like it is higher than here.
4) Standardized Short Sale Process Will Benefit All Parties – WOW, another one that should know better promoting the HAFA program. I wish they accepted comments on this post. Want my take? Seller BEWARE!!!. Here is a video I did on why the HAFA short sale program is unlikely to work. And a second one I did yesterday on why the short sale program could be dangerous and this is just part one of at least 3.
5) This Should be Fun – Raising the Bar – Have you caught the #RTB fever yet?
6) Introducing 1000watt Spotlight: A real estate e-newsletter for curious (and busy) minds – Want to stay up on the latest in technology for real estate agents? I suggest you check the top 10 every day and subscribe to this newsletter.
7) It’s Called Negotiating, Not Eating Crow – Something everyone involved in the real estate transaction should read.
8) Crap, What To Post! How About… “Building A Web Based Real Estate Investor Lead Generation System – Week #1?” – This post was meant to introduce you to his new series on capturing investment leads. What I like most about it is his advice on coming up with a weekly topic to cover with some good suggestions.
9) Barney Frank Calls For an End to Fannie Mae & Freddie Mac – Do we really want Barney Frank of all people, who was yelling at banks to loosen their lending standards, to come up with a new system of housing finance?
10) Hey Banks! Wake Up! Loan Mods Aren’t Working… – Anyone who is saying loan modifications are working is either smoking something they should not be smoking or has their head somewhere the sun doesn’t shine.
