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Foreclosures

When you are watching the news and see those nightly national real estate stats, remember they are not relevant to you and your real estate market at all. When you hear only 31% of homes sold last month were distressed short sale or foreclosures, that doesn’t mean anything to you in Tempe and the East Valley where that number is closer to 62%.

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In the Tempe and Phoenix market the gap on price per square foot between foreclosures and short sales is narrowing and getting much closer. While a foreclosure still is, and probably always will be more expensive than a short sale, the numbers are getting closer. This may be one reason that banks are asking for more sellers to come to the table with money.

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1) Can SMS Real Estate Marketing Attract more Home Buyers? – There will be more text messages sent this year than phone calls made. Why fight it any longer. People like to communicate that way, make it easy for them and place a rider on every sign you have.

2) Gifts from the Bank of Mom and Dad – Part 2: Conventional Financing – In only a way Rhonda can do she takes a boring subject and makes it easy to understand and enjoyable.

3) February 2010 : 4 States Account For More Than 50% Of Foreclosure Activity – What is really amazing about this list is no sign of Nevada or Arizona? The have dominated this list in the last 18 months.

4) How To Succeed in Anything in Life – Don’t Do This And You’ll Fail… Every Time! – OK tell me you are not going to read that one with that title. I did, and it was worth it. Nothing earth shattering, but a good reminder of what we should be doing.

5) Listing Icons: Is Adopting Abandoned Buyers Stealing or Smart? – Now this is an idea  I admit I never heard of. But I love it!

6) The Purpose Of Real Estate Photography… – Want to learn something? Read this post! You will never think of photos for a house the same again.

7) The Source of Confusion – What do you get when take one of the top thinkers in the business dissecting the work of another top thinker? You get something that makes you question the very work model which you love.

8) Top 5 Tips for Securing an Accurate Appraisal – Be prepared if the appraisal comes back and you know it is bad.

9) “Gearing Up Your Web Presence” Seminar – I dont agree with those who believe you need to be successful online to be a successful agent, but if you are making it part of your business plan, are you doing it right.?

10) Top 10 Tips for !st Time Homebuyers in Northern Virginia – There are a lot of Top 10 lists out there for home buyers and sellers, This list is as good as any of them.

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

1) Brokers: embrace difference, love the eccentric – Marc Davison of 1000watt Consulting talks about what he would do if he was a broker, right down to the restroom in his office. The key, being different.

2) What’s wrong with Private Transfer Fees? – While all the comments on this post agree with the author, I differ. Private transfer fees are annoying and should be done away with. Add the fee into the cost of the house and that is real disclosure.

3) The Art of Negotiating – Don’t let principle get in the way.

4) Higher Foreclosure Sales Expected By 2012 – Oh goodie-goodie, foreclosures will continue for another two years!

5) Revisit Your Circle of Influence and Revive Your Real Estate Business – Great advice for new agents and seasoned veterans, get to work on that sphere.

6) The Foreclosure Epidemic – A Discussion with Alex Charfen – Ok I am going to put aside my feelings on the CDPE program and Alex Charfen for a minute (and no John, there are better programs out there) but I love his look at foreclosures in this video. He explains why it appears foreclosures may be slowing down right now, but they are really not. 1-in-6 mortgages in this country are late. Just let that number sink in.

7) Do We Believe in the Millenials? – People currently between 18-30 are Millenials, how will they effect the future or real estate?

8) The Good Side of Loan Modification’s Failure, A Buoyant Foreclosure Market – Now here is someone reaching for a silver lining. Interesting take on the good side of loan mod failures.

9) Are Real Estate Stats Where It’s At? – Short term results, but interesting perspective on adding stats to your site.

10) Blog Carnival of Real Estate – My First Time to Host! Winners Announcement – The Canival is back in town.

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Top 10 real estate posts of the day for 2/8/2010

February 8, 2010 Top Posts

1) Success Simplified – The FIX or Fire It Method – Not sure which part is my favorite, the great advice to real estate agents in the bottom half of this post or the fire your bank image at the top.
2) The Internet is Broken – This is the best response to social media does [...]

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Top 10 real estate posts of the day for 2/5/2010

February 5, 2010 Top Posts

1) The Ten Day Close: Why Other Lenders Whine About It – This one is getting annoying. We have 2 lenders here in Phoenix who can get loans closed (even in today’s market) in ten days or less. One of them even guarantees it. It is amazing to see other lenders, who work for shops [...]

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Top 10 real estate posts of the day for 1/29/2010

January 29, 2010 Top Posts

1) Cloud CMA and the downfall of crappy real estate software – I have been excited to try this since I first heard the early rave reviews. Problem… if you are not in California you are out of luck.
2) Video: Price Differences Between Foreclosures and Non-Foreclosures – According to this Zillow video it appears even [...]

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Top 10 real estate posts of the day for 1/27/2010

January 27, 2010 Top Posts

1) Should you do a Short-Sale or just keep paying and wait? – Interesting look at the situation form a math point of view, but I disagree with the notion it is just a math problem.
2) The Top Five Signs of More Real Estate Pain to Come – Well when you put it that way…. [...]

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Top 10 real estate posts of the day for 1/14/2010

January 14, 2010 Top Posts

1) Loan Modifications With Principal Cuts Attract Lenders Attention – Lenders are starting to look at loan modifications with a principle balance reduction as realistic alternatives, and they need to if they expect them to work. I personally predict that some form of principle reduction with a home equity fractional interest where the buyer needs [...]

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Top 10 real estate posts of the day for 1/13/2010

January 13, 2010 Top Posts

1) Changed Circumstance: When a Good Faith Estimate CAN be Re-Issued – Rhonda Porter is considered one of the top lenders online and a go to resource for many topics. Porter has probably been covering the new GFE more than anyone else.
2)  Brokerage of the Future – Always a hot topic, what does the future [...]

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