Here is today’s list of top real estate posts of the day.
1) How Loan-Level Pricing Adjustments Keep You From Getting The Lowest Advertised Mortgage Rates – Why am I not getting that rate I saw quoted? Here is why, same reason you may not get the quote for car insurance you saw on TV.
2) FHA 90 Day Flip Rule: Flip Flop – Just because the FHA waived their 90-day flip rule for a year does not mean all lenders will abide by it or have the same rules.
3) Agent Designations Explained – Let me help you with this, designations are a way for the NAR and their affiliates and partners to make money off agents each year. Yes agents after completing the class need to pay each year to use the designation. Kind of like if you went to ASU, got your diploma and then ASU said you need to pay us $500 each year or you cannot say you graduated here. That about sums it up. Not what this article says, but now you know.
4) Targeting Your Online Home Search – Matt does a great job here of giving advice to online home shoppers on how to narrow down your search and find the right one for you.
5) Reading up on real estate – Theresa makes a great point, most of us read up when we go to have our first kid, why not when we buy a house?
6) Top 10 Worst Places to buy real estate in the US – First I have to say I COMPLETELY disagree with this list. I may be wrong, but I would be willing to bet a lot of money that Phoenix is not dropping another 18% this year. But it is worth looking at.
7) I Leased a Property and It Is Being Sold as a Short Sale or Foreclosed…What should I do? – This is something anyone who is leasing in states like Florida, Nevada, Arizona or California needs to be concerned with. another great resource is Lemon Landlord
8) House Call: To Buy or Not to Buy – Good question, how fast would you rush out to buy a new car if the dealer said 4% off? That is what the $8,000 tax credit represents to a $200k house.
9) It’s Important to Know All Things Real Estate if That’s What You Sell! – Back in college I sold cars, it was constantly drilled into my head know your product! This post makes a great point about the same in real estate
10) The Shadow Inventory Debate – What fascinates me about the shadow inventory debate is no one knows for sure, If they did there wouldn’t be 30 different opinions on it. There is more mystery of shadow inventory than there is of the Big Bang Theory.
Here is today’s list of top real estate posts of the day.
1) REDC Auction: Scam or the Real Deal? – There are different types of auctions for houses, there is the type where you go to the courthouse step and bid on the foreclosures and then there are the auctions like Hudson &Marshall or REDC where you can bid on a property that has been on the market a while. The advantage to the second is you can visit the house before hand and you can use financing, but don’t think you can steal it with a low ball offer.
2) Rants and Raves ! WHERE DO THESE MIAMI PRICES COME FROM? – One of my favorite subjects, why do we still price houses like it is 1992 and people are still looking at pictures in a MLS book. How we shop for houses has changes, so should the way we price them.
3) Is a Short Sale Free? Will it Cost Me Anything? – This is a common question I get too, what will a short sale cost me as a seller? The answer should be not much if anything at all. Although I would add into this equation the cost of getting legal advice.
4) Why Never Taking ‘No’ For an Answer Will Make You Wealthy – This is a great post that is relevant to investors, agents or anyone in life. If you refuse to take no for an answer it will get you thinking out of the box.
5) The Challenge of Being an FHA Home Buyer in a Seller’s Market – Condos, single-family homes, both have different challenges, but both do have challenges with FHA loans in today’s market.
6) Real Estate Agency, and Why I Can’t Help You – If you are working with another real estate agent, sometimes we just need to do the ethical thing and say sorry, we cannot help you.
7) Is Homebuyers’ Negotiation Power on the Rise? – The average price a house sold for 97.3% of the last list price in January.
8) The Difference Between a Blog and a Website – Do you know what the difference between a real estate blog and a real estate website is? Not much.
9) Consumers Are Not Getting Enough Credit in Today’s Market – Access to credit, HVCC, all things that are helping keep the market down.
10) Two Things: Agents and Listings – Great story for Brokers looking to expand, there are only two things to concentrate on. And for agents, take this information to your business. What are the two things that are money making activates, concentrate on them.
Here is today’s list of top real estate posts of the day.
1) Mortgage Markets Pass The Tipping Point; Mortgage Rates Up For Good? – We have been hearing it for a while, rates are only going up. With an increase in the discount rate is that time now?
2) Day 2: Sonic Drive-In Happy Hour in East Vancouver – This one goes under the “you should be stealing this idea for your blog” category. Don’t take this the wrong way Dale, but this post by itself is not something amazing, and the video is nothing amazing… but the concept for the series? Brilliant. So easy, so informative, such a great idea. I hope you keep it going for 365 days, I am looking forward to watching it develop.
3) Is There a Loan Modification That Will Work? – There are so many factors in loan modifications, but from my experience the answer is with the current system banks are using, no! Tom does a good job writing about it in a lot more detail here.
4) WARNING: You Don’t Want Your Home on the Market Forever! – If you are serious about selling your home do not let this be you. If you are not serious, and only going to sell if you get what you want for it (different than what it is worth) this method is ok, but don’t expect an agent to spend much money and time marketing it.
5) $100 Down payment HUD Home Financing in Phoenix – The 2,000.00 Mistake – Do you have a buyer that is interested in using the $100/down HUD program? If you are in the Phoenix and Tempe area you can almost forget it. Most of these homes are selling over list price, which causes a problem as Christoph points out.
6) RPR MLS License-What RPR can do with data – So I have a sickness, just can’t get enough reading in about the RPR. And I think my opinion on it is starting to change. I can’t wait to get to play with it.
7) What Unique Selling Proposition is a Real Estate Broker or Website Using? – Really this is a challenge, how far out of the box can you go? Who can get outside the box, help the client the most and gain traction doing so?
8) 10 Reasons Why eSignature is the Most Powerful Tool In My Bag! – Yup Docusign rocks! Why are you not using it, that is just mind-blowing.
9) Short Sale Tempe – Bank Of America Equator – I just love watching people rant on BoA short sales process.
10) FHA Flip Rule Video – This is a fairly creative video on the FHA flip rule, nothing new really, but just an interesting way of presenting it.
