Tempe Real Estate – Dean Ouellette Short Sale Agent
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National real estate numbers almost mean nothing to your local real estate market, and even local real estate may have more than one market. Dont read to much into numbers they dont always tell the whole story. And what is up with Fannie Mae not allowing more time to work on short sales? This does not cost them money, it cost US money. Either allow time for the deal to be worked on or work on it a lot quicker.
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Here is today’s list of top real estate posts of the day.
1) How To Shop For Mortgages And Keep Your Credit Scores High – Just a wealth of information in here I did not realize. A must read for agents and home shoppers.
2) 7 Expectations of Real Estate Investors – Beware of Potential – Thinking of getting involved in real estate investing or working with a new investor who is looking for some tips? Here are some tips that you need to be aware of.
3) Socialist need not read –> Like Big Oil –> Big Expired Program; windfall profits – Looking for a new marketing program, but expired listings are not your thing? Check out these numbers.
4) Homes for Sale in Denver Face Scams from Craigslist…Still. – I had this happen on one of my listings a few months ago. Beware of this scam. Seems to have hit Tallahassee too.
5) Fannie Mae & Freddie Mac Needs a Good Flipping – NAR has their ideas for reforming Fannie and Freddie. What I don’t understand is how an organization I usually agree with in their political endorsements can be wrong on so many issues like supporting HAFA and even further federalizing Fannie and Freddie.
6) Taking a Short Sale Listing: ‘To Be or Not to Be?’ – I couldn’t agree with you more Melissa. Before I even take a short sale listing I make the seller gather all the required documentation, that way I know there will not be a problem and I know they are willing to do what it takes.
7) Squatter Claiming Adverse Possession in Puyallup – Ohhh if only it were that easy, I would have a new house next week.
8) Real Entrepreneurship – GREAT read. Real estate agents are true entrepreneurs.
9) Twitter 101 – Some basic Twitter tips for those who may not be getting what they hoped out of the social networking platform.
10) Keep those Garlic Fries to yourself – Those of us who do not play the Mafia Wars and Cafe World usually don’t want to see those continuous updates from others playing the games. Here is a good tip on getting rid of those updates.
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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.
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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.
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