Getting Back to Previous Post About Need For Buyers to Have Representation With the Builder - 03/19/08 10:18 AM
Here is a good story about why any buyer needs representation when dealing with a builder
The three biggest mistakes are indeed:
1. Not using a buyer's agent
2. Opting to use the builder's preferred finance company
3. Signing a standard builder contract without adding any of your own protections and … (1 comments)
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For Home Sellers - An Unbiased Referral Source to Listing Agents in the Chicago Illinois Area - Who Have The Best Performance - 03/18/08 02:51 PM
Do you live next door to someone (in the Chicago Illinois area) who just sold their house and you wanted to know the sales price?
Since it would be considered a faux pas to ask your new neighbors what they paid for their home, just fill out this form … (0 comments)
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Real Estate Auctions - How They Work. Buyers Need to do their "Due Diligence" - 03/18/08 02:25 PM
Real Estate Disposition Corp (REDC) is one of the largest auction companies in the US. They run auctions in a number of states - including Illinois.
Most of the properties are sold "as-is" - so careful inspection is mandatory. REDC typically doesn't have the property disclosure report for a home up … (2 comments)
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Not funny... FYI - you haven't seen anything yet... - 03/14/08 03:26 PM
http://biz.yahoo.com/ap/080314/bear_stearns.html Just like 1929.... a run on the bank.... (you haven't seen anything yet...) I predicted this whole mortgage crisis stuff two years ago....before it even happened...when the Fed started jacking rates month after month... Should have written a book..
Excerpt from the article.... The Federal Reserve responded swiftly to … (1 comments)
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As an Agent - Make Sure you ID a Short Sale Situation Up-front. Listing Agents Aren't Revealing it Readily. Protect Buyer Clients Who Have a Timeline - 03/14/08 09:58 AM
Many homes that are for sale in various neighborhoods in the Chicago area, are not occupied anymore - and a number of them are pre-foreclosure or foreclosure properties. Others - will be short sale situations.Homes that are currently occupied may be listed for a figure where the seller will come up … (1 comments)
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"Green" Things People Can Do regarding Homes... - 03/13/08 10:02 PM
Just about everything that's touted as "green" these days is significantly more expensive than its traditional counterpart.
Though many green items do cut energy bills and save money over time, the initial cost for some of these systems -- especially photovoltaics/solar systems -- is so high that payback can take … (0 comments)
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Not Too Humorous - Great Depression of 2008? - 03/13/08 09:24 PM
Never say never... I don't think there will be bread lines though :-) (of course - I could be wrong)
Link one
Rates unhinged
The mortgage bond charts suggest that the rate trend is up for at least the next few weeks (as it has been doing recently) Rates going up … (1 comments)
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Another Article About The Buyers's Market - 03/13/08 09:02 PM
I enjoy reading various articles that supposedly knowledgeable journalists write - because there are usually quite a number of mistakes or gross generalizations in every article that need to be picked apart...
We agree - buy smart & buy cheap and read Ilyce Glink's
"100 Questions Every First-Time Home Buyer Should … (0 comments)
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The Definition of an Exclusive Buyer(s) Agent - 03/11/08 11:19 PM
Exclusive buyers' agent: A licenced real estate practioner who represents only buyers and neither accepts listings nor works in an brokerage which represents the interests of sellers or accepts listings.Exclusive buyer agency 1. A real estate brokerage that employs only buyers' agents and never engages in the agency representation of sellers. … (15 comments)
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Article tells sellers to offer high payouts to buyer agents - 03/10/08 05:52 PM
This is hilarious...
Article tells sellers to offer high payouts to buyer agents...
Sure - just "do it yourself" in a buyer's market....it worked in the seller's market.... why not? It's just a little time and a little bit of money here and there & here & there...
and.... I quote.. … (0 comments)
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Good Article in the Baltimore Sun - 03/07/08 08:26 AM
Article About How People Should Use an Exclusive Buyer Agent When They Buy (Consumer Federation of America
"An "exclusive buyer agent" works in an office that does not take listings. The great majority of agents work with sellers as well as buyers, though you can find "buyer agents" who deal only … (3 comments)
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Builders in the Chicago Area Offering Nice Price Off Discounts - 03/04/08 05:19 PM
It has been our experience in the Chicago area that builders are offering some very nice discounts off of "list price" as well as extra incentives. Unfortunately for home buyers that"just happen to be driving by" one day - they go into a builder's development - non-the-wiser that they shouldn't be … (1 comments)
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Consumer Federation of America Recommends Using an Exclusive Buyer Agent When You Purchase Real Estate - 03/03/08 11:56 AM
Consumer Federation of America Recommends Using an Exclusive Buyer Agent When You Purchase Real Estate
As a home buyer - you should choose just as carefully as a seller - when you are looking for agent to represent you. You want someone who will help you separate the good deals from … (0 comments)
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Are You Keeping Too Many Options Open? - 03/03/08 11:33 AM
Are You Keeping Too Many Options Open?
In a series of experiments, hundreds of students could not bear to let their options vanish, even though it was obviously a dumb strategy.
What really motivated them was the desire to avoid the immediate pain of watching a door close.
Closing a door … (0 comments)
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The Consensus - Relisting a Home To Zero Out Days on Market is Cheating.. - 03/03/08 10:51 AM
The Consensus - Relisting a Home To Zero Out Days on Market is Cheating. (65% of the votes at the moment)
Here in the Chicago Illinois area - if a home is relisted with the same agent under 90 days from delisting - the agent copy shows zero days on market … (0 comments)
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Article on Ummel Case - 03/03/08 10:40 AM
A nice article on the Ummel Case
Home buyers DO need to be fully aware of their agent's motivations and allegiances.
They need to be aware that when an agent acts as a lender and an agent in the same transaction - that that is a huge conflict of interest.
Consumers … (0 comments)
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