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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