New-Home Sales Surge in Northeast - 05/30/08 10:10 AM
Sales of new homes were up 3.3 percent in April, the first increase in six months, according to the U.S. Commerce Department's monthly report.The rebound reflected a 41.7 percent surge in demand in the Northeast. Sales were up 8.3 percent in the West and 5.8 percent in the Midwest. They fell by 2.4 percent in the South.The inventory of unsold new homes was down slightly to 10.6 months' supply at the April sales pace, compared with 11.1 months in March.The increase brought sales to a seasonally adjusted annual rate of 526,000.The median price of new homes sold in April fell to … (1 comments)

Plenty of Positive Market News Today - 05/30/08 10:08 AM
Hungry for a little good real estate news? Leon d'Ancona, president of IMS Inc., has something to cheer you up.D'Ancona, who provides real estate information to the industry, has set up a Web site that lists 2,319 markets in the United States where homes are selling well. For instance, Loganville, Ga., homes sold 38.5 percent faster in April than they did in March, and sales of homes in Avondale, Ariz., increased by 64 percent in April compared with March"The problem with glass-is-half-empty stories is that they have an undue psychological impact on markets that is not borne out by all the … (1 comments)

10 crucial steps to 'short sale' buying - 05/29/08 12:22 PM
There are very few active buyers in the real estate market these days -- but every one of them seems to be looking to buy a foreclosure or a short sale.
Foreclosure is a fairly well understood process, but as "short sale" signs sprout like weeds, you may wonder what it's all about.
When a lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of the property by a financially distressed owner, it's called a short sale. The lender forgives the remaining balance of the loan.
Everyone loses -- or … (7 comments)

Fannie to Aid Underwater Loans - 05/12/08 09:22 AM

Fannie Mae is preparing to introduce by midyear a program of refinancing mortgages for people who owe more than the current value of their homes, a situation known as being "underwater."
The plan is the latest twist in efforts to contain the surge in foreclosures on homes in much of the U.S. It differs from a bill approved by the House on Thursday that would authorize the Federal Housing Administration to insure loans for distressed borrowers only after the lender has written down the principal -- something many lenders are reluctant to do. Fannie's refinance plan would result in new … (6 comments)

10 Ways to Build a Money-Making Email List - 05/03/08 01:39 PM
Do you have an email list of clients, friends and acquaintances with whom you make contact on a regular basis?
One of the most effective ways to increase sales is to build an email list and have a regular, value-oriented contact program.   How profitable can an email (or even offline database) be for you?
Do the simple math: If you grew a list of 300 homeowners who, on average, own their homes for 6 years each, then 50 transactions will come from that group each and every year - not including referrals they could send you. 
Question: Who will get those 60 … (7 comments)

The IRS Forgives Until December 31, 2009 - 05/02/08 04:07 PM
If being in default and the threat of foreclosure aren't troubling enough, the thought of the IRS coming around after the fact is sure to keep sellers up all night.  They have all heard the stories of being tracked down by the tax man to pay taxes on "forgiven debt."  To them it's like a bad dream turned into a nightmare, all summed up and justified by a bunch of letters and numbers.  But not every code section is necessarily a 4 letter word.
Code Sec 108(a)(1)(B),(C) - better known as 1401, means everything to some homeowners in today's market ... but … (4 comments)

 
Boris_door

Boris Miric Realtor (Licensed in DC-VA-MD)

Washington, DC

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Address: District One Properties, 220 S. Payne Street, Alexandria, VA, 22314

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