IN CASE YOU HAVE NOT HEARD $8000 IS BEING GIVEN TO FIRST TIME HOME BUYERS WHO QUALIFY UNDER IRS 5405 PLEASE READ IT OR CONSULT WITH YOUR TAX PRO TO LEARN IF YOU QUALIFY. ON TOP OF THAT INVESTORS CAN BUY UP TO 10 PROPERTIES WITH LOW DOWNS AND EVEN GET LOANS.... THIS IS GREAT NEWS FOR BUYERS ON TOP OF THE LOWEST INTEREST RATES IN 30 YEARS.....SO WHY ARE THE BUYERS NOT LINING UP OUTSIDE THEIR LOCAL REALTORS TO GET A HOME??? PART OF THE BLAME THERE IS THE MEDIA AND NEWS LIKE FOX NEWS GENERATES ABOUT REALTORS ARE TO BLAME FOR SOME OF THE HOUSING MESS WE ARE IN....SEE THE BLOG FROM DAWN MALONEY--------DO REALTORS OWE ANTHING TO THOSE HIT BY HOUSING? I BELIEVE THE MEDIA PROMOTES SUCH NEGATIVE NEWS MOST OF THE TIME THAT THE GENERAL PUBLIC HAS NO IDEA OF WHAT TO DO NEXT---THEY ARE TOO SCARED TO ACT.... I PERSONALLY KNOW REALTOR COLLEGUES WHO HAVE BEEN HIT IN THIS HOUSING MARKET AND HAVE BEEN FORECLOSED ON AND SOME ARE IN THE PROCESS.... I AM SURE YOU ALL KNOW SOME....I PERSONALLY BOUGHT A HOME IN THE HEIGHT OF THE MARKET HERE IN RENO THAT HAS DROPPED IN PRICE AT LEAST 40-50% IN THE PAST 4 YEARS (BOUGHT IN JUNE 05) I WAS JUST INTO THE FRENZY OF BUYING LIKE EVERYONE ELSE WAS THEN (AT THAT TIME THE MEDIA WAS NOT PREACHING ANY DOOM AND GLOOM)--THEREFORE YOU COULD SAY THAT US REALTORS ARE LIKE EVERYONE ELSE---WE ARE NO DIFFERENT----WE ARE JUST PROVIDING A SERVICE IN HELPING BUYERS AND SELLERS ACHEIVE THEIR HOME DREAMS. WE ALSO BUY AND SELL OUR OWN HOMES LIKE EVERYONE ELSE....IN MOST CASES WE HAVE TO LIST WITH ANOTHER REALTOR TO KEEP OUR ERRORS AND OMISSIONS INSURANCE(E AND 0) FROM RISING TO THE ROOF... I FEEL NOW IS THE TIME TO PROMOTE THE GOOD NOT THE BAD TO EVERYONE IN OUR INDUSTRY(LOAN OFFICERS,TITLE COS, OTHER AGENTS,INSPECTORS ETC) AND KEEP THE POSITIVE FLOWING TO EVERYONE YOU MEET IN EVERY SMALL WAY YOU CAN....AND PROMOTE HOME OWNERSHIP STILL AS THE BEST INVESTMENT MOST PEOPLE WILL EVER MAKE IN THEIR LIVES EVEN THOUGH PRICES DO RISE AND FALL.....HANG IN THERE FOR THE LONG RUN .....
I recently received the SFR designation for short sale foreclosure resources---which is "the designation"set for the market we are in now. The class was very informative about HAFA and the new short sale rules for the Banks to follow starting April 5 2010. NAR is offering the class and free webinars online for short sales and REOs. I recommend to all associates take this training. We in Nevada are going to be seeing short sales being at least 60% of the market soon.
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