real estate education: The Perfect Storm Rages On - 11/11/10 01:31 AM
It wasn't all that long ago when the real estate market was flourishing. For many seasoned veterans, it was a time that they had long worked hard for and they were reaping the benefits of those long hours, weekend days away from the family, and the countless calls and showings and listings when times were a bit rough. It was the culmination of a lifetime of dedication and perseverance.
Not even the band of wagon jumpers could rain on that parade and we, as an industry, were so caught up in the positives that most of us refused to see, or … (1 comments)

real estate education: Is the Homebuyer Tax Credits Being Extended? - 10/19/10 03:26 AM
If a homebuyer missed the April 30th deadline for the first-time homebuyer tax credit, then there will inevitably be some confusion about Congress's latest attempts to extend the benefits a few months. Headlines in the news, at first blush, can -and often will be, even deliberately so- be misleading. The truth is that if you missed out on your opportunity to take advantage of the $8,000 tax credit, then you are still out of luck.
However, if you signed the contract before April 30th for a qualifying home, and hadn't managed to get to closing before June 30th, then you're still … (0 comments)

real estate education: How to Compete in the Short Sale Market - 10/06/10 02:45 AM
For any homeowner who is looking to sell his or her home in this current market, then they already know how difficult that challenge can be. With property values having plunged in the past couple of years, it can be troublesome to consider letting go of the investment made. It is also sometimes painful to consider what might have been if they had sold at an earlier date, or what could be if they could only hold on for a little while longer.
But if the homeowner is ready to sell now, then there's a good reason and they most likely … (0 comments)

real estate education: Keeping Your Head Up in Today's Market - 09/25/10 03:21 AM
No one ever said that the real estate business was an easy one. With regulations, licensure, and laws that differ from state to state and sometimes even county to county, it can pose somewhat of a challenge to stay on top of your game. Aside from that, the challenges to find and secure homeowners looking to sell, or potential buyers dipping their toe into the waters, can force you to prove your mettle every day of the week and twice on Sundays.
The booming years
It is no secret at the moment that we have lost, at least momentarily, the boom … (3 comments)

real estate education: Internet Marketing Strategies - Yes, For the Real Estate Market - 09/23/10 03:09 AM
It doesn't matter whether you are a real estate agent, mortgage broker, loan officer, or have some other important job within the real estate market, you need people -potential clients- to know you exist. Half of the battle in earning commissions, closing deals, and selling homes or mortgages is finding people to buy them and that's where marketing comes into play.
Marketing doesn't have boundaries
You may not consider yourself a marketing expert and might scoff at the notion of some its methods, but the bottom line is if you want to be successful -at any level- in the modern business … (0 comments)

real estate education: Honesty in Flipping - What to Disclose - 09/19/10 03:51 AM
This article is about flipping short sale properties, and the parameters associated with this are much different than other types of property sales and investment and should not be assumed to apply to other, more traditional forms of sales. Short sales, as most people are now aware, occur when a property owner is behind on his or her payments and makes an arrangement with their mortgage lender to sell the property for less than its assessed, or true, value in order to avoid foreclosure, the stigma that goes along with it, and the credit damage that can come from it.
If … (1 comments)

real estate education: Can Mortgage Brokering Be a Freelance Opportunity? - 08/31/10 03:08 AM
Businesses are looking to the future with a sense of urgency, attempting to figure out the best ways to turn profits and, at the same time, eliminate some of the overhead costs of doing business. It's a Catch-22 for most companies today and one that will mean both limitations, and opportunities, for millions of people in the years to come.
Freelancing - the wave of the future in real estate?
The larger question that looms in the air like a thick fog, as millions of individuals struggle to find work, afford health insurance, and basically just survive is whether the future, … (0 comments)

real estate education: Negotiating Ins and Outs - 08/13/10 06:25 AM
Think you can make money if you teach clients how to negotiate? It may sound counter-intuitive for a businessman or woman to instruct their clients on the art of negotiation, but think about this for a moment: if you offer insights and strategies that will help your clients get the best deal from their lender, even at the slight cost of your own profits, is that a good thing?
It is when you consider that the most effective marketing strategy in the world is word-of-mouth advertising. When clients turn to their friends and family members and let them know of the … (0 comments)

real estate education: Facing Foreclosure? Knowing When It's Time to Sell - 08/02/10 04:25 AM
Millions of homeowners have faced the prospect of foreclosure in recent years. In fact, the crisis of foreclosure became one of the most significant in United States history and while many people had assumed that the depth of the crisis had passed, the truth has been less than ideal as millions more homeowners have the daunting prospect of losing their home and everything they have.
Hanging on to the bitter end
Even with mounting debts and bills and all these other negative aspects pressing in on their lives, far too many of these homeowners cling to hope that they will be … (1 comments)

real estate education: The Tax Credit is Over, Now What? - 07/27/10 04:49 AM
Now that the tax credit for new homebuyers has come to an end, people from all walks of life, from potential homebuyers to mortgage brokers to real estate agents are asking the same question: now what? This isn't an easy answer to give for so many different realms of the industry and people. After all, few individuals predicted what was to transpire in 2008 and send the housing industry into its tailspin and even fewer predicted that the effects would be as lasting as they have been. Still, while there is no crystal ball that we can look into and get … (0 comments)

real estate education: Getting a Fresh Start in a New Home - 07/22/10 04:04 AM
During the most recent economic hardship, the global recession, we have seen property values plummet and homeowners facing foreclosure at previously unseen numbers. While millions of families have been struggling to make ends meet and to keep the lights on and a roof over their heads, it has left other homeowners somewhat leery about selling their existing home.
One of the most common concerns from these types of homeowners is that they won't get the real value for their home in this market and should wait. Second, they worry about the stresses that simply come along with buying a home and … (2 comments)

real estate education: Investing in Property is One of the Best Ways to Boost Your Retirement - 07/20/10 05:16 AM
It can be challenging to explain to some people that the new car or the flat screen television set that they've been drooling over isn't going to improve their retirement, or their wealth, in any way, shape, or form. In fact, these kinds of purchases, when money is actually tight, can be detrimental to long-term financial health and well-being. Of course, wanting to impress friends at the next Super Bowl with that HD TV can be enticing, but if you want a strong retirement financially, then it would be more prudent to ask yourself whether or not the money would be … (0 comments)

real estate education: Credit Scores and Mortgage Rates - 07/13/10 04:24 AM

It doesn't require an advanced degree to understand that your mortgage rate will directly affect the mortgage rate offers that you receive. Credit scores are perhaps the most important factor in just about everything we do in our financial life. We are bound to our credit scores with ankle chains and even though they hold this incredible level of importance, far too many people simply don't understand the dynamics of credit scores, how to make them work for our benefit, and how they affect the subtle aspects of owning a home.
A credit score can mean the difference between a … (0 comments)

real estate education: Foreclosures Are on the Rise - 07/09/10 05:59 AM

Just when the average homeowner thought it was safe to dip their toe back in the water, bad news finds them once again. As much as the housing market has been hopeful for some positive news, and has been seeing some, trouble is still lurking in the deep waters. While the news agencies would like to have the average citizen to believe that the economy is on the rebound and the housing market is seeing signs of life once again, there are forces that will continue to pull it down.
Foreclosures spiking
There's no need to consider that the recent … (0 comments)

real estate education: HAMP Showing Its True Colors - 07/05/10 04:12 AM

While this topic has been covered already, it's an important one to focus on again. HAMP, the Home Affordable Modification Program that the Obama Administration pushed through, is failing to bring relief where it was intended to go. This program was funded with $50 billion dollars from the Troubled Asset Relief Program (TARP).
One in ten
The Congressional Oversight Panel has released information recently that shows that merely a fraction of the homeowners who are more than two months behind on their mortgage payments have received any viable help whatsoever. 228,000 homeowners are said to have received a loan modification … (2 comments)

real estate education: What Are the Most Overvalued Cities in America? - 06/28/10 04:17 AM

The question about where the real estate market is strongest is an important one, especially for individuals who are looking to purchase homes in the near future. The last thing anyone wants to do, especially if their interest is in an investment, is to buy into a market that will soon be depressed. In other words, why buy in a region where prices are expected, or predicted, to go down?
Focus on the overvalued
Before turning one's attention to the regions of the nation that are expected to increase their real estate values, it's a good idea to understand which … (1 comments)

real estate education: Is the 5% Mortgage Still a Reality? - 06/25/10 04:24 AM

The mortgage industry has certainly had its share of tough times during the past few years. The jump in foreclosures and the decrease in property values across the country have contributed to a colossal loss for many of the nation's leading mortgage lenders and brokers. As the federal government stepped in to try and help, it managed to keep interest rates at historically low levels.
Yet, in the aftermath of the housing crisis, many would-be homeowners found themselves unable to take advantage of these incredibly low interest rates. Now, as the economy begins to show some signs of recovery, many … (0 comments)

real estate education: Foreclosures and Renters - What Happens Next? - 06/21/10 04:48 AM

With the historic rate of foreclosures throughout the country, one question has repeatedly come up from renters, as well as the banks that held the mortgage. What happens to renters in a home that is foreclosed on?
The general scenario
The day is bright and sunny and the family of four is enjoying an afternoon together. They've paid their rent and they have paid it on time since first moving in years ago. This family is completely unaware that the landlord has defaulted on the property and that the servicer has foreclosed on the property.
This family arrives home one … (0 comments)