real estate: Maintaining Success in the New Real Estate Industry - 09/15/07 11:58 AM
As you are aware, the upheaval in the Mortgage Lending industry has necessitated a change of strategy throughout the entire Real Estate Industry.
The prior dynamic within the industry was that the professional attached to the client or property was the "hub of the wheel", so to speak, and all other individuals … (5 comments)
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real estate: The Mortgage Market – Week ending 9/14/07 - 09/12/07 03:21 PM
Recently, the August Report of the Case-Shiller S&P Housing Survey stated that housing prices, nationally, declined at an annual rate of 3.2%. What the local headlines in the Denver Area missed is that Denver is now in its third month of appreciation. Denver is poised to move into one of the … (0 comments)
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real estate: Current Home-Owners… What to do Now? - 09/12/07 03:06 PM
There are four actions possible for current home-owners: Do nothing, Sell, Refinance, or Convert the Current Residence to an Investment.
Do Nothing: This is for those individuals who are either happy and content in their present situation and don't want to take any chances, or those who are so caught in the … (0 comments)
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real estate: Finding Success in the Current Real Estate Market - 09/12/07 03:02 PM
I live in Castle Rock, Colorado, on the south side of the Denver Metro Area. This article will cover both local and national (general) trends. Let me start nationally.
Over the past five or so years, most of the nation has seen rapid increases in real estate values. I won't go into … (0 comments)
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real estate: Now is the Time to Understand Mortgage Structure - 09/12/07 02:56 PM
We've been hearing a lot lately about a "meltdown" in the mortgage industry. First, this is a media-hyped gross exaggeration of what's really going on. The best thing to do is remain calm and get professional advice from somebody you know and trust, who is really equipped to explain the situation.
Let … (1 comments)
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real estate: The Real Estate Industry is Three Months Old - 08/17/07 06:15 PM
We all need to understand the reality of this statement.
In the real estate market, the mortgage part of the industry is of vital importance. And the mortgage world has changed recently in a way that is rewriting the rules of the entire industry.
Let me start by saying that the core … (5 comments)
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real estate: Now is a Great Time to Buy! - 08/16/07 05:55 PM
The market is panicking; home values are declining; stocks are plummeting... how can this be a great time to buy?
The simple adage, buy low, sell high, is an economic basic. We've seen how high high has gone in recent months, days, or years, depending upon what investment you're looking at, whether … (0 comments)
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real estate: The Mortgage Market – Week ending 8/17/07 - 08/16/07 05:46 PM
Wow!! Every day seems to be more exciting than the last. Just today (8/16). The headlines warned that Countrywide could end up in bankruptcy (I don't necessarily subscribe to that), and even the institutions Fannie Mae and Freddie Mac could have solvency issues. What is important about this is not that … (2 comments)
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real estate: Realtors® - Serving Your Clients in the Current Market - 08/16/07 05:43 PM
There's a Rudyard Kipling poem that starts, "If you can keep your head when all around you are losing theirs... and blaming you...."
That seems to be the current state of the Real Estate market. A lot of people are panicking and it can be seen almost daily in the Stock Exchange/Equities … (1 comments)
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real estate: Updated Mortgage Underwriting Requirements - A MUST READ! - 08/14/07 12:46 AM
This one sort of falls under the "gotcha" column, but in the midst of all the mayham going on right now, I thought it might be a bit of a comic relief.
Happy Reading!
Very Important- Guideline Changes Effective August 13, 2007* All borrowers must have one blue eye and one … (3 comments)
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real estate: The Federal Reserve Simplified - It Affects YOU! - 08/07/07 07:45 PM
I put up a post yesterday that generated a slew of response. I got a question from an ActiveRain member that I thought was worthy of responding to. In general, it was, "What's the Fed gonna do today?"
This is a great question and one you should have a high degree of … (2 comments)
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real estate: Current Market Update - 08/03/07 02:15 PM
Real Estate Home Mortgage interest rates seem lately to be "a tail of two cities." Recently, FNMA Mortgage-backed bonds have been seeing a bit of a nice run. This bodes well for rates. It also is most applicable to what is known as Conventional Conforming rates. However, Nonconforming, Jumbo, Sub-prime and … (0 comments)
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real estate: Time to Move? - 08/03/07 02:10 PM
Residential Real Estate, or your primary residence, is NO place to store cash! Your home is not a bank. Over time however, whether you have paid down on a mortgage, or simply seen appreciation in the value of your home, it may be time to take that latent value that is not … (2 comments)
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real estate: Reading for Professional Success - 07/27/07 03:34 PM
Do you read often?... regularly? Reading, is essential for those of us related to the Real Estate industry. I am amazed at how often I talk with people and learn that they don't read often.
Here's the thing - as industry professionals, we have to convey to our target that we are … (6 comments)
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real estate: The Conventional Failure of Wisdom with Regard to Home Investments - 07/24/07 05:56 PM
The general public believes that their home is an asset. "Assets" are within the realm of investing, finance, accounting and business administration. That said, a primary residence is almost never, let me repeat that, almost NEVER an asset. Surprised? In disbelief? Think I'm an idiot? Keep reading!
In business, there are assets … (0 comments)
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real estate: Leads – Your First, and Primary Job - 07/20/07 01:15 PM
Real Estate Business Modeling - adapted from The Millionaire Real Estate Agent) - Part II
Ya know, we're pretty much all in Sales and most people would give the "Duh!!" answer when the subject of Lead Generation comes up. It's almost like they're implying, "Obviously, leads is important to being successful." And … (6 comments)
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real estate: Real Estate Mastery – The Millionaire Mindset - 07/07/07 06:39 PM
Creating an Effective Business Model is the Cornerstone of Your Practice
I could really make this blog short - but that just wouldn't be me. The simple solution for Real Estate Business Planning and Modeling can be found in the book The Millionaire Real Estate Agent by Gary Keller. This is one … (2 comments)
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real estate: Real Estate Mastery - Develop a Compelling "Why!" - 07/02/07 11:12 AM
Leveraging Knowledge and Expertise in Your Real Estate Specialty
WHY?
That's the big question that must be answered in any real estate industry related profession. Why should someone do business with you or partner with you? The ability to effectively answer the "why?" question is in the knowledge and expertise you possess … (2 comments)
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real estate: Real Estate Mastery – Leveraging Relationships - 06/30/07 03:20 PM
Partnerships and Affiliations are Essential to Effective Business Modeling
There's an old adage that says, "It's not WHAT you know, but WHOM you know." Well, don't believe it! Times have changed and "connections" will only get you so far.
I have come to understand that WHOM you know is what gets you in … (0 comments)
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real estate: Greg Polashock Earns Certified Mortgage Planning Specialist (CMPS) Designation - 06/29/07 12:42 AM
Press Release
Castle Rock, CO - Greg Polashock, a home mortgage consultant with Cherry Creek Mortgage Company, has passed the qualifying exams to earn the Certified Mortgage Planning Specialist (CMPS) designation granted by the CMPS Institute, Ann Arbor, Michigan, a training, certifying and ongoing membership organization created to help mortgage professionals integrate … (4 comments)
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