Buyers beware of REO contracts and preferred settlement companies. - 03/31/08 02:05 PM
With the banking industry becoming more frequently involved as part of the seller's side of a transaction, it has become necessary to go over the REO department or Loss-mitigation department's required paperwork with a fine toothed comb.
Key item to watch out for? The reluctance of the bank or institution to pay … (11 comments)
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When writing offers in a buyer's market, use this skill to your advantage! - 03/29/08 10:29 PM
So, here we are in a buyer's market. At least in Arizona.Sellers know that it is a buyers market but their pride may get in the way. On top of this, a listing agent that has a property that is overpriced may be afraid of explaining why their seller should take … (11 comments)
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Getting shows and potential sales for open houses! A Mesa property to sell! - 03/28/08 01:10 PM
We have an agent doing an open house this weekend and we want no less than 25 shows!
How are we going to do this? Let's start with a positive attitude:
Example: Two shoe salesman were sent to Africa to help a company expand its global market share. Upon arriving, each sends back … (18 comments)
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Tempe, Chandler, Gilbert, Mesa, Ahwatukee and Scottsdale Road Closings - 03/28/08 05:01 AM
For East Valley residents in Arizona regarding important traffic update! If you don't live around here, skip this and go to the next post on Push those home prices down so we can all get along with our lives! below.
This weekend, the East Valley will be having rubberized asphalt and other freeway … (2 comments)
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Push those home prices down so we can all get on with our lives! - 03/28/08 12:54 AM
A depression is either a long recession or a severe recession.
Let's see if we can avoid the depression by getting back to normal!
If agents can push housing prices down to levels that are fundamentally sound, and do this quickly, consumer confidence can increase. The increase in consumer confidence … (16 comments)
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First Time Homebuyers: "Please handle with care!" - 03/26/08 11:15 AM
We as an industry need to show care and concern to protect the First Time Homebuyers!
When I ask a first time homebuyer, "What made you decide to purchase a home, now?" They usually respond:
"Well, the market has come down so much that I figured that this would be … (21 comments)
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FHA DPA's: Agents earn "sales" bonus of $250.00 to $650.00 using it! - 03/25/08 03:58 PM
In a market plagued with agents unaware of shifts in strategy, "know how" with FHA Down Payment Assistance programs could get you a nice bonus! Best part about it? It is a WIN-WIN-WIN situation.
SELLER sells their home! BUYERS go from rent to own! AGENT sells a listing!!
Now that FHA … (11 comments)
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Letter to tenants prior to listing an occupied home. Please advise! - 03/24/08 09:47 PM
Since there are so many great suggestive posts on AR, and since I have already benefitted by reaching out for agent suggestions on another issue, I hope to get some feedback that could better help the agents I help.
I have recently been asked by several agents for any assistance I … (8 comments)
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Home Staging, Good Luck If You Don't Use a Home Stager! - 03/22/08 04:41 AM
I wrote this in reply to a comment that I made on a "Home Staging" professional's blog. I thought that this might help people better understand what home staging can do to help sell a home. In today's market, people better do what they can to make a home stand out. … (13 comments)
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Will short sellers be in for the shock of a lifetime? - 03/22/08 12:52 AM
When it comes to giving advice, could we sometimes be putting on the wrong hat?
What did President Bush sign into law regarding the changing of the IRS code regarding the 1099 that a borrower may get when the either walk away or get foreclosed on?
In a nutshell, if you sell your … (4 comments)
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Sell First!, Short Sale or just Walk Away! - 03/20/08 11:14 PM
I've been in the business long enough to have a swollen database. It seems that all too often, more than once a day, I am called by a referral from a past client or friend of a friend of a friend.
The tough part about the call is that I have finally … (10 comments)
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How do you answer, "Is this a good time to buy?" - 03/19/08 09:40 AM
Sadly, we've seen the results of the investors that went out and purchased homes at "bargain" prices in 2006 and even 2007. Homes purchased in 2007 for $414,000 now on the market for $230,000.
In one case, a real estate team was fire selling four houses for a client that, "Wants to … (8 comments)
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What in the world is the Fed trying to do? - 03/17/08 08:39 PM
I'm going to warn you that this post will be a tough read and I welcome any questions or countering arguments.
Here goes:
Our economy is in a bit of a slide caused by a credit crunch/tightening of policies.
Because the amount of losses that will occur is still being underreported, … (2 comments)
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Google search results: Number 2 in Tempe, #'s 3&4 in Gilbert, Number 1 in Maricopa County - 03/14/08 07:26 PM
Here I am, ON TOP OF GOOGLE!! The top result on the first page!
Can you believe it?
I joined Active Rain last Friday, March 8, 2008 in the evening.
Active Rain participation truly works!
At first, my blogs were a big block of text. It is funny because … (18 comments)
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Tempe, Chandler, Gilbert, Mesa DOM UNDER 100 Days. The rest of USA??? - 03/13/08 12:28 PM
ARMLS statistics show nearly every ZIP Code's "Days on Market" for Arizona's East Valley home sales now under 100 days!!!
What's wrong with the rest of the country?
What about the 50,000 other listings currently sitting on the market here in Arizona? Oh, I forgot, the Days on Market is only finite … (3 comments)
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Man, Could #1 in Maricopa County Have Been More Right? - 03/12/08 12:05 AM
I will submit to being banned for this. This is the best thing I've seen so far for a posting. If you agree, please say so:
(By the way, don't read and dash! It did hit the head on the money, didn't it?)
WHAT HOMEBUYERS WANT IN 2006
Just post … (14 comments)
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Goldilocks and the Three Houses - 03/11/08 03:57 PM
The Story of Goldilocks and the Three Houses
Goldilocks, while walking through the woods, comes across urban sprawl. Never seeing something like this before, she decides to take a look:
She's seen homes before but there are three strange ones with white posts and hanging signs showing For Sale. "I … (14 comments)
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When Selling your Home, Did you have a Chance? Did you have a plan 'B'? - 03/11/08 12:37 PM
I used to hate going down into the basement. I didn't care if it was day or night. I just saw too many scary movies.
When I would have to go down, I knew what I would do if I was attacked by a monster. I had a plan. Maybe … (0 comments)
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No Credit Score Financing Available with LESS than 5% Down! - 03/10/08 03:16 PM
Nationwide, buyers can purchase with no or low credit scores provided a NTRMCR can be created. If so, the buyer has met the minimum credit guidelines for government financing loans.
NTRMCR = Non-Traditional Residential Mortgage Credit Report
What gets put on the report?
Proof of utility bills paid on time with no 30 … (4 comments)
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Open House Mathematics: Show me the money! - 03/09/08 09:26 PM
Number of attendees X Pull Through % Rate X Average Commission per Property = Seven Year Earnings
Attendees = Lookie Lou's and Nosy Neighbors
Pull Through Rate % = Typical conversion rate of your followed-up efforts on database suspects and prospects (usually 20-30%)
Average Commission per Property = General Market Value … (10 comments)
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Short Sellers Increase Neighborhood Property Values - 03/09/08 06:41 PM
Well, not necessarily the value we want, or do they?Here are the thoughts that led me to the potentially insane thought. I haven't learned how to put pictures in to better keep you interested so imagine them as you see them appear in parenthesis. The seven thoughts are there to help … (10 comments)
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Thank you for the blogging tips - 03/08/08 10:57 PM
I just wanted to thank everyone that sent me emails gently advising me on how to better participate. Stage Your Posts was sent to me by Margaret Woda, Maryland REALTOR and I found this to be perfect so I can get my points across better and not give anyone a headache. I appreciate … (1 comments)
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The Beautiful Happy Joyful Benefits you get with Short Sales! Part 2 of 2 - 03/08/08 04:18 AM
I recently posted "The Problems you get with Short Sales". It was a set up from the get go. Short Sale transactions have popped up and hit us by storm. Everyone seems to know what one is, inside and outside the industry. The glass really is 1/2 full. Let's use it … (10 comments)
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The Problems You Get With Short Sales (Benefits You Get will be posted soon) - 03/08/08 03:16 AM
The can kill a street's, subdivision's, community's, town's, city's, county's, state's property values pretty quickly.
If your not selling short in an area, you lose and the short seller wins. If you built up a lot of equity or put down a large downpayment that has kept you from having to … (6 comments)
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Down Payment Assistance's Days May be Numbered! - 03/07/08 07:36 PM
WRITE TO YOUR CONGRESSMAN!!
Although Ameridream and Nehemiah's DPA progam heads recently announced the decision of federal courts to halt HUD's ability to disallow the providing of down payment assistance in the form of gifts from non-profit organizations, Congress may potentially provide the death blow. The courts are correct in stating … (0 comments)
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FHA Loan Limits will Catch Sellers Asleep at the Wheel! - 03/07/08 07:13 PM
The first word has come out listing the increased FHA loan limits to $346,250. This will be a huge blessing for those customers looking to buy or sell a home at amounts over the previous limit of $263,150.
Buyers that are acting quickly can snatch up homes from sellers that don't … (5 comments)
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