real estate: How Zillow Is Overestimating the Value of Your Home
- 03/22/15 09:11 PM
Buying a home is arguably the largest investment you can make. You purchase your house, probably put work into it to make it fit your style, and hopefully add improvements along the way that will increase its value. So when it’s time to sell the house, you want to make sure you’re getting the best price for it. That often includes working with a real estate agent in your area, but it can also mean researching online ahead of time to get a good idea of a fair market price.
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But the problem is that, sometimes, those … (2 comments)
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real estate: Real Estate: Best Long-Term Investment
- 03/01/15 10:03 PM
Real estate continues to top the list of best long-term investments, according to a Gallup Economy and Personal Finances Poll. Americans prefer investing in real estate (30 percent) when compared to gold (24 percent), stocks/mutual funds (24 percent), savings accounts/CDs (14), and bonds (6 percent).
Only in 2011 (when the housing market was down and when gold was at its highest market price) did Americans choose gold over real estate. With the housing market continuing to improve and home prices rising, real estate is back on top.
The polling data also reveals the top two responses by age group:
18-29
Real … (1 comments)
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real estate: Ranch on Cul-De-Sac Open Sunday March 30
- 03/26/14 10:33 PM
Beautiful Wilmington Ranch
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real estate: Real Estate in 2014: A Need-to-Know Guide
- 01/08/14 09:08 PM
After year of struggles, the housing market roared back to life in 2013. The rebound will continue in 2014, but the pace will slow.
Experts say 2014 will be a year of continued growth and stabilization in the housing market with rising home prices, fewer foreclosures and greater activity among underwater homeowners. But this year’s market faces strong headwinds as inventory remains tight and both homebuyers and builders face tough lending standards.
To buy a home in today’s market, you either need impeccable credit or the ability to make an all-cash purchase. The average FICO credit score on conventional loans used … (0 comments)
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real estate: The Number of Foreclosures Falls
- 10/31/13 10:30 PM
According to RealtyTrac, an online marketer of foreclosed properties, the number of new foreclosure filings hit its lowest level in nearly eight years.
This is primarily due to improving home prices anda big decline in underwater borrowers, those who owe more on their mortgage loans than their homes are worth.
"This is a strong indicator that the crisis is over," said Daren Blomquist, vice president at RealtyTrac. "The foreclosure floodwaters have receded in most parts of the country, although lenders and communities continue to clean up the damage left behind," he added.
The state with the highest rate of foreclosure … (0 comments)
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real estate: 5 Tips for Buyers Who Want a Million-Dollar Home
- 05/02/13 06:57 AM
Called the "Queen of Real Estate" and even "Jaws" for her aggressively successful tactics, super broker Dolly Lenz (pictured in the inset above) has sold over $8.5 billion dollars in high-end properties, catering to clients like Barbra Streisand, Billy Joel and P. Diddy. Now she's revealing five tips to buying a million-dollar home.
In a Buyer's Market: Be Aggressive
In a buyer's market, sellers have fewer options. Buyers are scarce and, therefore, they have the upper hand in that they are better able to dictate terms. In this instance, buyers can be aggressive in their bidding and are free to probe how motivated … (0 comments)
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real estate: Ranch with In-Law Suite on Nearly an Acre
- 05/01/13 11:32 PM
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real estate: 3 Bedroom, 2.5 Bath Short Sale in Wilmington
- 05/01/13 11:29 PM
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real estate: Claymont Renovation with First Floor Master
- 05/01/13 05:16 AM
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real estate: 8 Homes for sale remain in low supply
- 03/10/13 09:26 PM
The spring home-buying season looks better for sellers than buyers, who may find choices more limited than a year ago in many markets.
The supply of homes for sale is still unusually tight as the spring buying season opens, helping sellers by turning up the heat on already-rising prices.
The number of homes listed for sale on real estate website Zillow was down almost 17% in late February vs. a year earlier. In some California markets, they were down more than 40%, Zillow data show.
The supply crunch is likely to last all year, says IHS Global Insight economist Patrick … (0 comments)
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real estate: Home Prices Expected to Rise at least 3.3 % Annually through 2017
- 03/07/13 08:19 PM
The housing recovery is expected to grow at an annualized rate of 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014 until settling down to 3.3 percent annual increases over the next three years according to Fiserv, a financial services technology provider using data from the Federal Housing Finance Agency (FHFA).
Both home prices and home sales volumes increased steadily last year, making 2012 the first positive year for both prices and sales since the housing market crash, excluding gains … (0 comments)
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real estate: Thinking of selling your home?
- 03/06/13 03:37 AM
Tips to maximize bottom line (and minimize time on the market!)
Many, many real estate experts are saying that the recovery in real estate has begun, particularly in North Atlanta. In many areas there is only a three month supply of homes on the market, which constitutes a seller’s market. And the spring buying season is almost upon us!
If you are thinking about putting your house on the market, here are some tips to get your home sold quickly and for top dollar.
Make sure your home is in move-in condition. Buyers in today’s market are picky and do … (0 comments)
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real estate: Time to Reality Check the Real Estate Market
- 03/04/13 05:42 AM
Rarely does a day go by that I don’t get asked if this is a good time to buy and/or sell a home. Some people might think that my response is always an emphatic “YES!” because I work in real estate. But in truth, there is no right or wrong answer. Every person’s circumstances are unique, so in some cases the answer might be yes, but for others it might make more sense to wait. Allow me to explain.
The good news is that we’re finally coming out of the housing slump of the past five-plus years. Housing is a major … (0 comments)
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real estate: Survey Shows Americans Are Increasingly Confident about Homeownership
- 07/12/12 01:44 AM
Brookfield Real Estate and Relocation Affiliates Inc., owner of the Prudential Real Estate franchise network, recently released the quarterly Prudential Real Estate Outlook Survey showing that Americans’ confidence in homeownership and real estate continues climbing from the first quarter and a year earlier.
Signs of growing confidence are widespread, according to the national survey. For instance:
• 69 percent believe that real estate is a good investment despite the market volatility of the past few years, up 6 percentage points from the first-quarter 2012 survey and 17 percentage points from first quarter 2011.
• 72 … (0 comments)
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real estate: 3 Tips for the First-Time Home Seller
- 06/14/11 02:58 AM
Today’s buyer-take-all bonanza is a boon for fence-sitters and buyers with great credit and deep pockets. But sellers are steeling themselves to new realities that include paying (rather than making) money at the closing table, providing extras to sweeten the deal, and spending more time and cash making the home camera-ready.
For first-time sellers who have never been through the process before, it’s a different world. One where the value of the house isn’t measured in the profit made on the sale, but by the enjoyment the owners had from living in the home.
Here are three things experienced sellers would … (0 comments)
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real estate: How Important Changes to Mortgage Underwriting May Affect Many Buyers
- 10/03/10 01:21 PM
The real estate industry and especially the mortgage industry have been overwhelmed with changes, regulations and consolidations recently. In the last couple of months, many transactions nationally have experienced delayed closings or worse as a result of the application of new guidelines affecting APR, Good Faith Estimates (GFE), Truth in Lending (TILA) and condo project approvals to name a few.
There is one more issue that is critical for real estate agents, loan officers, and anyone else who deals with consumers purchasing a home or obtaining a refinance. Effective with applications on or after June 1, 2010, Fannie Mae has … (0 comments)
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real estate: The Year of the Short Sale: 7 Tips to Finding Your New Home at Discount
- 08/18/10 12:06 AM
Real estate professionals nationwide are calling 2010 “the year of the short sale,” where homeowners who owe more on their properties than what they are worth sell at deeply discounted prices—with the blessing of their lender.
Here is how to go about successfully buying a short sale:
1. Search for short sale propertiesMost short sales are listed by real estate agents. You will find these listings on local websites and in MLS feeds. Some lenders have complained about advertising that identifies the home as a short sale, because the lenders feel it puts them at a disadvantage when it comes to … (0 comments)
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real estate: Incorporating SWOT Into Your Business
- 05/01/10 03:08 AM
The SWOT (strengths, weaknesses, opportunities, and threats) technique can help you determine the best way to move toward your goals. As the old saying goes, insanity is doing the same thing over and over but expecting different results. Unfortunately, this statement applies to many real estate pros.
Each day, week, and month seem to bring the same tasks and responsibilities for a lot of people, yet many hope for increased sales, greater productivity, and other positive outcomes — just from continuing to do the same thing. But the truth is that business will not improve if nothing changes.
Think … (0 comments)
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Buying a home is arguably the largest investment you can make. You purchase your house, probably put work into it to make it fit your style, and hopefully add improvements along the way that will increase its value. So when it’s time to sell the house, you want to make sure you’re getting the best price for it. That often includes working with a real estate agent in your area, but it can also mean researching online ahead of time to get a good idea of a fair market price. 
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