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Updated July 13, 2009
Washington Report: Home Affordable Refinance Program
The Obama administration's latest expansion of its "home affordable" refinance program, outlined just before the July 4 holiday, could be huge news for tens of thousands of owners whose houses are seriously "underwater." FULL STORY->
Terms of the Contract Offer
Be prepared to write a deposit check when making a contract offer to purchase real estate. Commonly referred to as a Binder, more commonly known as the initial deposit, this is the check made out to the Selling Real Estate Office when submitting a contract offer. In simple terms, it is a good faith deposit to express interest in purchasing real estate. FULL STORY->
Condo Trends: Wireless Solutions Latest Amenity for Condo Dwellers
In the early days of the Internet (at least in its use by the public) a clear phone line was the key to access, hopefully with a 56k modem to guarantee fastest results. Today's choices for condo dwellers include development-wide wireless and it's a growing industry. FULL STORY->
Mortgage Rates Down This Week Amid Concerns Over Labor Market
Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM)averaged 5.20 percent with an average 0.7 point for the week ending July 9, 2009, down from last week when it averaged 5.32 percent. FULL STORY->
Investor Report: Energy Efficiency
For real estate investors buying houses at discount prices, it could be a hot new trend. Instead of simply doing the usual renovations, paint jobs and landscaping to turn around properties for resale or rental, growing numbers of investors are emphasizing energy efficiency improvements to increase market values and cut marketing times. FULL STORY->
Internet Helps Rent Homes
Forbes.com has published its report on America’s Best and Worst Cities for Families. These are metros where people have enough money for everyday living and places where families’ daily budgets take a chunk out of their incomes. FULL STORY->
Determining When Prospects Become Clients
How do you determine whether a prospect should become a client? What are the criteria of becoming a client? Have you created a series of questions to help you minimize the time invested, to determine if a prospect will meet your standard? FULL STORY->
Internet Helps Rent Homes
Forbes.com has published its report on America’s Best and Worst Cities for Families. These are metros where people have enough money for everyday living and places where families’ daily budgets take a chunk out of their incomes. FULL STORY->
Investor Report: Energy Efficiency
For real estate investors buying houses at discount prices, it could be a hot new trend. Instead of simply doing the usual renovations, paint jobs and landscaping to turn around properties for resale or rental, growing numbers of investors are emphasizing energy efficiency improvements to increase market values and cut marketing times. FULL STORY->
Mortgage Rates Down This Week Amid Concerns Over Labor Market
Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM)averaged 5.20 percent with an average 0.7 point for the week ending July 9, 2009, down from last week when it averaged 5.32 percent. FULL STORY->
Job-Loss Mortgage Insurance: Terms, Conditions, Eligibility
Job-loss mortgage insurance is available from a host of sources and policies vary in coverage, cost, benefits and requirements, so you'd better shop around. Here's what you'll have to consider. FULL STORY->
Thoughts on Social Media, Investing from Real Estate Investment Club Bloggers
Peter L. Mosca shares an excerpt of an interview with several bloggers from Real Estate Investment Club.com: Scott Carson, a full time real estate investor and real estate investment coach, Halle Eavelyn, a specialist in private banking and investing for real estate, loan modifications, short sales, rehabbing homes, pre-construction real estate, and lease options; and Jack Sternberg, 30 years plus of experience and a track record of thousands of successful real estate transactions. FULL STORY->
The Loan Modification Debacle
Like all loan modification attempts, it seems like the banks just don't know how to get out of their own way as honest homeowners attempt to keep their homes. FULL STORY->
Jersey Builder Opens First LEED for Homes Multifamily Community in the Country
The 544-unit Alexan CityView, the largest LEED for Homes multifamily community in the country, is officially open with the recent move-in of the first residents of the luxury rental community, according to Richard Murphy, managing director of Trammel Crow Residential (TCR), developer of the property. Alexan CityView, offering studio to three bedroom units, is situated on 297 acres on the Peninsula at Bayonne Harbor at 302 Constitution Avenue in Bayonne, New Jersey. FULL STORY->
Photo Op HOA Reserves
A reserve study identifies a homeowner association's future repairs and replacements like a snapshot in time. Imagine that you could picture the buildings and grounds as they would be in five, ten, even thirty years. A reserve study acts just like that by estimating the useful life of the common elements and the cost to replace them in the future based on current cost adjusted by inflation. FULL STORY->
More Biz in a Tough Market – When Good Prospects Go Bad
A lot of times people ask columnist Brian Hilliard what they can do to be a better salesperson and more effectively grow their business. Today he shares something each agent can do right now to have a significant impact on their business. FULL STORY->
Canada's Next Generation of Recreational Property Owners
The median age of Canadians who own second homes is 50. As the baby boomers age and begin to sell their recreational properties, is the next generation of buyers ready to buy those cottages and chalets? FULL STORY->
More Real Estate News and Advice...
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