Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
I hear versions of this lament on a regular basis in the South Metro Atlanta neighborhoods that I serve as a short sale specialist.
So, I'm happy to be able to share this pithy post from the Spear Team.
The best way to protect your community's home values is to be proactive in helping your neighbors or yourself discover all the options available to avoid Georgia foreclosure..... but that another post altogether.
For now, please enjoy this re-blog and spread it around.
Dear Liz, A foreclosed home just went up for sale in my neighborhood and the price is LOW!!! REALLY LOW!!! They're going to destroy our neighborhood property values!!! What's the deal with that? What's the bank thinking??? Signed, Distressed About Distresseds
Dear DAD, There's a whole host of reasons behind that price! And while you may not like that price, the bank has only ONE interest and that's it's own self-interest. A home is an asset or a deduction on some accountant's spreadsheet. A liability that the bank is responsible for until it's sold to someone else.
So while that home is sitting there unoccupied, it's deteriorating. We've visited MANY foreclosed homes and rarely are they in tip top condition. Often the decline started LONG before the bank got involved. Once the previous owners couldn't keep up with payments, chances are lots of maintenance got put off. Holes in walls, electrical problems, slow leaks, they're NOT getting fixed. The owners probably would have preferred to fix things, but with a lack of money in the wallet it wasn't happening.
And if the bank is lucky, the sellers didn't to any intentional damage on the way out. We've seen speaker wires pulled through the drywall, every door ripped off it's hinges. Patio doors left open for the rain to come in and ruin the carpets, and worse..... Not everyone leaves on good terms.
And even if they did leave on good terms before eviction, things can still happen after the home is empty. Things a resident would notice don't get caught by the bank. A leaky pipe doesn't get caught in a few minutes, but perhaps a few DAYS and extensive damage! And the less savory elements of society might just be watching the foreclosure list too, and just waiting to "acquire" copper pipe from the furnace and plumbing system. And since the home isn't getting aired out, a prime environment for mold and mildew and other problems.
And assuming the home IS actually in decent condition, they STILL need to get that home sold rapidly. Every month is an increased loss as they pay for utilities and upkeep. If there's a fire, it's there problem. A break-in, it's their problem. And unlike when someone lives in a home, and empty home isn't providing a return on investment, but instead just digging a deeper hole.
So the bank is going to price the home for it's condition, and price it to move, and move it most likely will. Either a DIY type or a flipper may go after that home in less than optimal condition, and when THEY go to sell it you'll get a "normal" market price for the home.
And if this one home is the only foreclosure in your neighborhood, don't worry about it dropping your home's value or that of your neighbors. As long as other homes are selling, a true value picture of the community is there. It's when the predominant sales in your neighborhood are bank owned or short sales that you should be nervous. (We've seen that too).
As you can see, there's a lot of reasons a bank owned home may be priced low. Bottom line, you WANT them to sell that home quickly and get someone in there who will take care of it. Fix what's broken, mow the lawn, loan you their power tools, be a neighbor.
The Liz Spear Team Elizabeth & William Spear RE/MAX Elite: Ask for us by name if you visit the office! Two locations: Lebanon & Mason, OH Office direct: 513-248-3660 Liz direct: 513-265-3004 Bill direct: 513-520-5305 Fax: 866-302-8418
Author Bio: Elva Branson-Lee, CDPE, CIAS, IMSD, is the Executive Team Leader of the Best Atlanta Short Sales Team, Atlanta's premier short sales specialists. She is also the author of "Avoid Georgia Foreclosure."
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.