real estate: Wrong Reporting: Real Estate Commissions Unchanged, Terminology Shifts
- 03/19/24 01:40 PM
Wrong Reporting: Real Estate Commissions Unchanged, Terminology Shifts
The Newest NAR "Settlement" Does Not Universally Change the Amount of Real Estate Commissions as is being widely reported.
Commissions in real estate agreements have always been negotiable.
The Newest NAR "Settlement" DOESN'T Change the AMOUNT of Real Estate Commissions.
BUT, It Does Change How Commission are DESCRIBED and PAID to the Real Estate Brokerages involved in the transaction.
There are implications for home buyers and sellers.
The proposed and yet to be approved settlement does redefine and re-categorize how real estate commissions are described and explained inside the paperwork of the listing in the MLSs and in the … (2 comments)
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real estate: Should you Buy your second home first?
- 10/19/18 01:06 PM
Should you Buy your second home first? Some renters are learning how to build wealth by owning while keeping their rental. If you have a great home already in the city, and can own a property, too, then this brief introduction to buying your second home first will inspire you with information.
Join us at a free event to learn how you can rent AND own:
Currently renting? Explore options to invest in real estate now to build wealth and be in a better place tomorrow. … (0 comments)
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real estate: Why The Big Stock Market Won't Correct Until 2018
- 12/21/17 05:02 AM
Why The Big Stock Market Won't Correct Until 2018
Why The Big Stock Market Correction Won't Come Until 2018 in my opinion - The Tax Plan Passed. Profit taking is usually a big reason for end of the year stock market drops. This year those "sell offs" may come after January 1, 2018.
With the new tax plan there are already signs that businesses and individuals understand it - on a scale that is not being reported in many places. Right after it passed, large companies published plans to raise wages and provide bonuses to employees. Where is that money coming from?
Maybe some … (1 comments)
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real estate: How To Sell Your Home This Winter - 2015 Tips
- 12/30/15 09:50 PM
How To Sell Your Home This Winter
To Sell Your Home This Winter, there are a number of steps to take to prepare it properly. Snow, cold weather, or rain can negatively influence your prospective buyer, especially when they have to travel to get to it, like here in a second home market. Here are 4 simple, and essential, tips to sell your home this winter. Stay ahead of the other sellers!
#1 – FIRST IMPRESSIONS MATTER
It can be said that the Internet is the first impression. However, when buyers compare the online pictures with the property they are driving by, they are … (3 comments)
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real estate: Food For Thought
- 10/28/11 05:21 AM
I ran across the following ideas recently. There doesn't seem to be any research to support the statements, but it sure makes you think a little more about what you eat. Here it is:
A sliced Carrot looks like the human eye The pupil, iris and radiatinglines look just like the human eye...and YES science now shows that carrotsgreatly enhance blood flow to and function of the eyes.
A Tomato has four chambers and is red. The heart is red and has fourchambers. All of the research shows tomatoes are indeed pure heart andblood food.
Grapes hang in a cluster that … (2 comments)
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real estate: How to Tell When The Real Estate Market Has Hit Bottom
- 06/05/11 08:15 AM
The simple answer is: Read what the people with money are reading. Follow what the people with money are doing.
The bottom of a real estate market is usually apparent only when things are already headed back up. Because the data reporting is for closed transactions, there is a lot of activity occuring before the supporting data can be identified. By the time most people can identify the bottom, the swing has already happened.
There is an article in Saturday's Wall Street journal titled, " It It Time To Buy? " In the article, RUTH SIMON and JESSICA SILVER-GREENBERG write about … (0 comments)
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real estate: If You Are Selling And Then Buying - Read This
- 04/14/11 08:46 AM
If you are Selling, NOW is the time. Many sellers are thinking that they should get "their price" before they agree to sell. But money is made in real estate when you buy AND BUYERS KNOW THIS. Sellers do to, but they seem to forget it when they are on the sell side of a transaction.
Sellers - if you want to be on the Buy Side, SELL now and get there. Stop disagreeing with the down market. When you are a buyer, are you going to buy at a certain price because the seller wants it, or are you going … (1 comments)
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real estate: 6 Acre Waterfront in Marion, MA 02738
- 03/10/11 04:22 AM
6 Acre Waterfront in Marion, MA 02738 with Saltwater pool, beach, pier, Kennedyesque football lawn
… (0 comments)
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real estate: The Public Record Is Often Wrong
- 02/20/11 05:44 AM
House Hunting Tip: The information reported in the public record is often wrong. In my small town, the Assessing Department and the Building Department and often the Health Department and the Assessing Department do not compare their property records. What one department has, may not be a part of another department's information. We even have 2 different, town authorized, online sources for property values that don't match all the time.
For anyone - agents, buyers, and sellers all included - there is a public record problem. For agents, knowing what exists and being asked to explain the public record differences can … (5 comments)
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real estate: Congressman Explains MERS and Mortgage Fraud
- 01/10/11 05:50 AM
I ran across this video while reading articles related to the latest MA Supreme Court decison reversing a few foreclosures. Congressman Alan Grayson explains what MERS is and elaborates the ways that current foreclosures in Florida and across the US are being done incorrectly. The video is almost 8 minutes and I think it is worth watching - especially if you aren't sure what MERS is.
The problem that is now the 800 pound gorilla is: How do we fix the problem? Congressman Grayson indicated that there may be fraud in some cases, and that there has been an organized … (0 comments)
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real estate: FannieMae WaysHome Video - Review (Miguel choice)
- 01/06/11 04:11 AM
There is a free interactive video for homeowners and their mortgages is now available from Fannie Mae. Their effort is to help people think through their options, and to prepare them in working out their financial issues. There are three paths to take:
Miguel Gonzales overwhelmed and feeling like he's drowning - thinking about refinancing Jackie Williams behind on bills Richard Lane in a hole you can't get out of The video can be started, stopped, backed up, and you can re-choose to see another outcome/path.
FannieMae WaysHome web address for the video is http://www.knowyouroptions.com/ways-home#
Here is a review of the Miguel Gonzales choiceIntro … (0 comments)
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real estate: It Is Time To Learn What A Bank Buyback Is.
- 11/09/10 10:38 AM
The latest term in the real estate mortgage meltdown is Bank Buyback. The quick explanation is: when the FHFA (Federal Housing Finance Agency) says that if a mortgage file has some flaws, mistakes, and/or improprieties, the originating entity must "buy it back." Thus, the bank, mortgage company, and even the originator could be asked/forced to buy back a loan that was funded because of improper underwriting and/or faulty documentation.
This has huge economic ramifications. Imagine if those banks that sold loans to the secondary market are asked to buy back many of those loans. Some of the major "lenders" have financial … (0 comments)
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real estate: Creative! Amazing! Unique! Cedar Shingle Artistry - Wow!
- 08/21/10 04:41 AM
I just received my copy of the Cape Cod View magazine. Inside is an article that has pictures of some amazing artistry with cedar shingles. These are normal cedar shakes that are used all over the Cape as siding on houses. And in these cases, the artists are home siding specialists!
In the article titled "Great Shakes: Cedar shingling brings art to home exteriors", there are examples of cedar shingles which have been trimmed, shaped, and layered into a unique and creative new form of art! There are fish (including scales), hearts, flowers, diamonds, sailboats, and even a sea turtle!
The … (1 comments)
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real estate: HEY SELLERS!!! BUYERS Are Already IN This Market!!! GET THERE YOURSELF!!!
- 08/20/10 03:39 AM
If you are a seller of real estate, and your property is still on the market after longer than the average SOLD property in your market segment, you are chasing the market - DOWN ! The statistics for whether prices are going up, down, or remaining the same, are open to interpretation. But lets face it - BUYERS HAVE THE MONEY. If you have had your property on the market longer than the others you are CHASING THE MARKET DOWN.
If you think I am just being negative - here is a new example of a statistic that Buyers are relying … (1 comments)
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real estate: Have You Heard? Mortgage Forgiveness May Be Coming.
- 08/16/10 05:20 AM
Have You Heard? Mortgage Forgiveness May Be Coming. There is an article on Reuters today that covers the basics. The thing I find interesting is the veiled way that the financial companies are describing it. Three companies are quoted in the article, found here. In each of the quotes, what is implied but not stated, is that they are anticipating governmental action to cause mortgages to be "forgiven" up to a point.
The forgiveness would not be for complete mortgages, but for a portion of the principle, especially that amount that has the property "upside down." If that happens, investors in … (0 comments)
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real estate: No Interior Pics? Clever Or Not? ... Do you Prefer To Visit To Verify?
- 07/29/10 05:50 AM
What would happen if agents stopped putting interior pictures of their listings on the Internet? Oh yes, there would be an outcry from surfers and hobbyists who love to see what is inside. And there would be some agents who don't understand the usefulness of actually communicating with buyers.
So why would one think of that no interior pics would be useful? Maybe it would be so more people would make an appointment to look at a property. Maybe it would be to make the interior pics on your personal or company web site more useful that the listing sites are. maybe it … (3 comments)
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real estate: Bank Of America Short Sale Help Manual For Agents and Homeowners
- 07/12/10 03:17 AM
Bank of America has an online manual that may help agents and homeowners with a short sale. It can be found and copied by clicking on the link below. The first pages of the 40 page document show agents of a homeowner how to set up an account, and the how to utilize the BOA system - this is for the BOA system only.
Keep in mind, you still have to know what you are doing! If you haven't done a short sale before, you might set up an account, read all the steps, use a search engine to study what the components of each … (3 comments)
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real estate: Using A Certified Radon Tester Or Radon Testing Company
- 06/24/10 06:44 AM
I didn't know there are "certified" radon testing companies and testers. If you want to find a "certified" radon company or inspector, you can search the National Radon safety Board here http://www.nrsb.org/find_a_professional.asp or you can search the National Environmental Health Organization here http://www.radongas.org/radon_measurement_service.shtml for a "measurement provider/technician". Both of these organizations are national so you can find someone in each state. Radon test kits are available to anyone from a number of places and you do not have to be certified to use them.
In my conversation with Roger Parras at the MA Department of Public Health, he suggested that it is better to … (2 comments)
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real estate: All Listings Are Not Actually For Sale Or Rent - Look AND Verify!
- 06/10/10 04:44 AM
I just read a post on ActiveRain that had over 70 comments when I wrote mine. A recent buyer had requested that an agent remove all listing information on the Internet relative to the property that was bought. This raised a few ideas, issues, and concerns.
The part that I like is the confusion this causes. Why? Because it means that people need to talk to me again to make sure what they are looking at is actually for sale. Many of the "most visited" sites only use listings to get traffic so their ads will be clicked - they don't … (2 comments)
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real estate: Burgler Uses Open Houses As His Modus Operandi (MO)
- 05/20/10 05:12 AM
I just read an article that describes a burglar as posing as a buyer at open houses as his modus operandi. Houses in high dollar areas tend to be larger and with more than one visitor at a time, a single agent can lose track of who is where. This guy allegedly focused on jewelry which is small enough to conceal easily.
If you're doing an open house, be on your guard. If you are attending an open house, please understand that there are reasons you are asked to sign in, beyond just getting your name and contact information.
Here is a link … (4 comments)
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Wrong Reporting: Real Estate Commissions Unchanged, Terminology Shifts
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