real estate auctions: LOCAL MLS TERMINOLOGY CAN BE CONFUSING. WHAT DOES "FORECLOSURE" MEAN?
- 02/14/12 11:04 PM
LOCAL MLS TERMINOLOGY CAN BE CONFUSING. WHAT DOES "FORECLOSURE" MEAN IN YOUR MLS AND WHAT DOES IT MEAN TO CONSUMERS? LOCAL MLS LISTING REPORTS OFTEN SERVE TO CONFUSE CONSUMERS (and a few agents). MLS Terminology is important. However, it is often confusing at best and misleading to consumers. An interesting article posted by Eric Hempler, examines the MLS term "In Foreclosure" showing that it may mean different things to different MLS members and produces misleading stats. In my MLS, the term "Foreclosure" is assigned to all bank owned homes in the MLS Listing Report. The term "In Foreclosure" is not used … (15 comments)
real estate auctions: THE VALUE OF A GOOD REFERRAL NETWORK - EXPAND YOUR PRESENCE BY KNOWING YOUR MARKET.
- 10/09/11 01:07 AM
THE VALUE OF A GOOD REFERRAL NETWORK - EXPAND YOUR PRESENCE BY KNOWING YOUR MARKET and SERVICES. REFERRALS are an important income producing resource in the business plan of many real estate agents and brokers. Outgoing referrals have been a focus of my real estate business since about 1995 when I established a presence on the Internet. With many years in the real estate business as an agent and broker, I developed the ability to understand the many market segments in my area. Living in a variety of towns and communities in Maryland, Northern Virginia and D.C. and knowing the many communities helps. The Internet gave me … (27 comments)
real estate auctions: What is a Trustee Sale?
- 07/09/11 07:31 AM
THE TRUSTEE SALE IS THE CONSUMERS' DREAM PURCHASE - OR IS IT A NIGHTMARE?? Pamela describes the trustee sale below very well and also and some of the problems that can be associated with them. While Pamela indicates that some of the problems comes from buyers not having an opportunity to walk the property interior prior to auction, that isn't my experience. The auctions I've attended were for properties that could be walked prior to the sale. I find very interesting Pamela's statement that banks were beginning to take less than "what they had in the property". What a breakthrough. Makes sense … (6 comments)
real estate auctions: SELLING HOMES IN 2008 - BROKERS AND AGENTS ARE BECOMING MORE INNOVATIVE AND LEAVE NO STONE UNTURNED
- 04/14/08 01:41 AM
THE ONE FORCE ON WHICH THE REAL ESTATE INDUSTRY CAN RELY. . . . . . Real estate agents and brokers will respond to market forces and work hard to help home owners sell and home buyers buy. However. . . . THE REAL ESTATE MARKET IS SLOW!THE REAL ESTATE MARKET IS DECLINING!HOMES ARE HARD TO SELL!HOME BUYERS ARE WAITING FOR LOWER PRICES! Is the Market Slow? Judging from the "Days on the Market", the real estate market is the slowest it has been in about 20 years. The numbers of homes sold in most communities has declined steadily for about 3 years. Yet, the … (42 comments)
real estate auctions: IN A BUYER'S MARKET, SOMETIMES SEEING IS BELIEVING, REAL ESTATE AUCTIONS
- 09/12/07 03:09 PM
BUYER TO AGENT: Is this a good time to buy a home? I've heard that there are some really good buys in foreclosures, auctions and short sales. AGENT: Could be. But, foreclosures, auctions and short sales might not get the best home for your family in the location you need. Think about what you really want to buy for the long term. BUYER: O.K., but show me all of the foreclosures, auctions and short sales first. I'm sure I'll find a good one. AGENT: How about this foreclosure? It's priced about 5% lower than other homes in the neighborhoodd. BUYER: Are you kidding me? … (69 comments)
LOCAL MLS TERMINOLOGY CAN BE CONFUSING. WHAT DOES "FORECLOSURE" MEAN IN YOUR MLS AND WHAT DOES IT MEAN TO CONSUMERS? 
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