Welcome to my Monthly Newsletter

Diana Chao, MS, Broker Associate
May 2012
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Representing Buyers, Sellers, Investors, Landlords, and Exchangers
Realize the Real Estate Needs Successfully in Today's Market

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Copyright © 2012 Realty Times
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Daily News And Advice
Updated 05/18 01:00 AM CDT 
Today's Feature Stories

Fixed Mortgage Rates Hit Record Lows Again

In Freddie Mac's results of its Primary Mortgage Market Survey®, average fixed mortgage rates again reached new record lows. The 30-year fixed-rate mortgage at 3.79 percent continues to remain well below 4 percent and 15-year fixed-rate mortgages are also slightly down at 3.04 percent. FULL STORY->


Why Host an Open House?

Open houses are not the best vehicles for selling homes. So why do Real Estate Agents bother with them? For the following reason: Open houses are a great means for prospecting. FULL STORY->


Housing Market Bottoming Out? Renting Market Accelerating

Are we really poised for a recovery in the housing market? The latest encouraging words from the U.S. Conference Board's Demand Institute Division are that we are heading for a rapidly accelerating rental market which will lead to a housing recovery. FULL STORY->


HARP 2.0 Out of Tune

Only one in three risk-averse lenders are participating in the HARP program to help homeowners refinance with today's low rates. The voluntary program may be due for another upgrade. FULL STORY->


A Buyer's Wish List

It's always good to have a map when you're traveling unfamiliar roads. It's easy to get lost or to make a wrong turn. Having a good map is doubly important when you are traversing the roads of real estate. FULL STORY->


There's NEVER Been a Better Time to Recruit

Today's market has given us an opportunity that we have not seen in a long, long time, and many brokers are missing it! The current market has agents across the country contemplating staying in the business, changing offices or moving on. FULL STORY->


Headlines

Mortgage Applications Increasing as Mortgage Rates Fall Again
ith the Euro-zone back in the news, it was inevitable that mortgage rates would fall again. Investors have become quite uncertain about austerity measures in Europe, especially with Greece, where opposition continues to grow. Here in the U.S., the Mortgage Banker's Association reported that mortgage applications increased 1.7% on a seasonally adjusted basis for the week ending May 4th. FULL STORY->

Ask the HOA Expert
We have a complete board turnover coming at the upcoming Annual Meeting. Some owners want to self-manage because our management company is not performing. Does this group, assuming they are elected, have the right to fire the manager and just take over with self-managing our 64 units? Does this require the vote of the entire membership? FULL STORY->

Why Spring Listings Blossom
Nature is in full bloom across the nation. Many of today’s homeowners are unaware that Spring can be the ultimate time to list a home for sale. From beautiful lawns to temperate weather it’s prime time to lure in buyers. FULL STORY->

9th Circuit Court Upholds Right to Discriminate in Roommate Case
In the privacy of your own home, you can take off your coat, kick off your shoes, let your guard down and be completely yourself. While we usually share our homes only with friends and family, sometimes we need to take in a stranger to help pay the rent. When that happens, can the government limit whom we choose? FULL STORY->

Xeriscaping: Gardens That Thrive on Looking After Themselves
Are you ready for a garden that loves to take care of itself? PJ Wade examines qwerty in the garden, and asks, "What will you do with the time and money you don’t spend watering this summer?" FULL STORY->

Veterans Understand Service
Military veterans who work as brokers and agents apply their training to a multitude of circumstances. From their disciplined approach to work to their resourcefulness to their respectful attitude, veterans know that service - to their country and all manner of civilian duties - is a priority. FULL STORY->

What Nordstrom Can Teach Today's Real Estate Professionals
Ever been to Nordstrom store? It's truly like no retail experience you've ever had. Why? Because customer service is NEVER an afterthought. In fact - it's the foundation and culture for their entire organization. And - it has a lot to teach us as real estate and sales professionals about success in today's world. FULL STORY->

Real Estate Outlook: Median Existing Home Prices Balance
The latest quarterly report from the National Association of Realtors (NAR) shows that median existing single-family home prices are indicating more balanced conditions. FULL STORY->

Second Consecutive Week Of Record-Low Fixed Mortgage Rates
In Freddie Mac's results of its Primary Mortgage Market Survey, the average fixed mortgage rates hit a new all-time record low for the second consecutive week as they followed bond yields lower. The 30-year fixed-rate mortgage has averaged below 4 percent all but one week since December 8, 2011, helping to keep homebuyer affordability high. FULL STORY->

Exchange of Commitments - Exclusivity
A Champion Agent commits themselves to a high service standard. That service standard is communicated clearly to the prospect buyer. The only way a prospect can receive that high level of service is to work on an exclusive basis, forgoing all other previous, potential, and possible relationships with other agents. FULL STORY->

Seduce Buyers With The Master Bedroom Suite

Magic Mortgage Numbers 720, 20 Help Explain Why Credit Is Tight

Five Musts Before You List Your Home

CAR Opposes Foreclosure "Reforms"

Ask The HOA Expert

The Benefits of Owning a Home

The Changing Face of Canada's Home Improvement Retailers

Understanding Appraisals

Military Veterans Deliver In the Real Estate Industry

Real Estate Outlook: Green Construction Predicted to Grow

Exchange of Commitments - Commitment and Belief

Fixed Mortgage Rates Average New All-Time Record Lows

Avoid First-Time Buyer Mistakes

How To Dive Into a Swimming Pool Addition

Check Those Batteries!

Acquiring Knowledge About Your Marketplace


Remodeling Improvements That Entice Buyers

Natural Flooring Choices



CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 3.83%
15 yr fixed: 3.05%
1 yr adj: 2.73%
(U.S. Daily Averages)


LIBRARY
Buyers Advice

Sellers Advice

Homeowners Advice

Advice for New Homes

Advice For Borrowers

Rental Advice

Homeowner Association News

NAR News




Diana Chao, MS, Broker Associate, SFR,
New Home Sale Specialist,
Seniors RE Specialist,
Certified Distress Property Expert

E-mail: DChao@InteroRealEstate.com
Web: http://www.DianaChao.com
(650) 283-0501

Intero Real Estate Services
(650) 947-4676
496 First Street, Suite 200
Los Altos, CA 94022


Equal Housing Opportunity

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