Utah Home Experts Team Posts http://utahhomeexperts.com Welcome Home! Thu, 23 Feb 2012 04:47:04 +0000 http://wordpress.org/?v=3.0.1 en San Jose Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them http://inside-real-estate.com/guiseppematese/2012/02/22/san-jose-short-sale-q-a-the-second-mortgage-wants-more-than-the-first-mortgage-will-give-them/ http://inside-real-estate.com/guiseppematese/2012/02/22/san-jose-short-sale-q-a-the-second-mortgage-wants-more-than-the-first-mortgage-will-give-them/#comments Thu, 23 Feb 2012 04:47:04 +0000 Guiseppe Matese http://inside-real-estate.com/guiseppematese/2012/02/22/san-jose-short-sale-q-a-the-second-mortgage-wants-more-than-the-first-mortgage-will-give-them/ San Jose CA – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question. “We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500. We are arguing back and forth with the second mortgage. The negotiator there said management decided they won't take less. I told her the final decision should come from the investors not from management. Any help greatly appreciated. Aggie.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is the answer to Aggie’s Question. It sounds like the first is Fannie Mae or Freddie Mac. They will only pay $3,000 to the second. To get the 2nd to take less money, you have to escalate the file. Contact the CEO, ask for a supervisor, etc. When you talk to the supervisor remind them they will get zero thru a foreclosure. Now, you will need more bargaining power than a simple "reminder." How close is the first to foreclosing? If they are close, just play chicken. Tell the negotiator that if the first forecloses and they lose everything, then you will be in contact with the CEO to let them know. Another tactic is to tell them the first is Fannie Mae and that is the most they will pay. If you stay firm, refuse to take less, sell them on why they should approve the short sale on your terms, and threaten to contact the loan owner directly, then they will usually budge. We have gotten lenders to agree to lots of stuff by staying firm and refusing to back down. But at the same time we stand firm we also go on the offensive. "If you don't approve this short sale and as a result you lose more money, then we will contact the loan owner, your stockholders, and the press", we tell them.   This business requires sales skills. Use your sales skills to sell the people at the lenders on approving the short sale. Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at sccrealestateprofessionals@yahoo.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (408) 292-0486 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our San Jose loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Guiseppe Matese. Guiseppe is a Real Estate Agent at RE/MAX Santa Clara Valley. Phone: (408) 292-0486. sccrealestateprofessionals@yahoo.com. Helping San Jose Families Avoid Foreclosure View My homes for sale at AvoidMySanJoseForeclosure. Guiseppe Matese specializes in loan modification assistance and short sales in San Jose California. San Jose Short Sales. San Jose Loan Modification Help. San Jose Short Sale Realtor. San Jose CA Short Sales. San Jose Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. This information on San Jose Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them is provided as a courtesy to our viewers to help them make informed decisions. ]]> San Jose CA – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question. “We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500. We are arguing back and forth with the second mortgage. The negotiator there said management decided they won't take less. I told her the final decision should come from the investors not from management. Any help greatly appreciated. Aggie.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is the answer to Aggie’s Question. It sounds like the first is Fannie Mae or Freddie Mac. They will only pay $3,000 to the second. To get the 2nd to take less money, you have to escalate the file. Contact the CEO, ask for a supervisor, etc. When you talk to the supervisor remind them they will get zero thru a foreclosure. Now, you will need more bargaining power than a simple "reminder." How close is the first to foreclosing? If they are close, just play chicken. Tell the negotiator that if the first forecloses and they lose everything, then you will be in contact with the CEO to let them know. Another tactic is to tell them the first is Fannie Mae and that is the most they will pay. If you stay firm, refuse to take less, sell them on why they should approve the short sale on your terms, and threaten to contact the loan owner directly, then they will usually budge. We have gotten lenders to agree to lots of stuff by staying firm and refusing to back down. But at the same time we stand firm we also go on the offensive. "If you don't approve this short sale and as a result you lose more money, then we will contact the loan owner, your stockholders, and the press", we tell them.   This business requires sales skills. Use your sales skills to sell the people at the lenders on approving the short sale. Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at sccrealestateprofessionals@yahoo.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (408) 292-0486 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our San Jose loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Guiseppe Matese. Guiseppe is a Real Estate Agent at RE/MAX Santa Clara Valley. Phone: (408) 292-0486. sccrealestateprofessionals@yahoo.com. Helping San Jose Families Avoid Foreclosure View My homes for sale at AvoidMySanJoseForeclosure. Guiseppe Matese specializes in loan modification assistance and short sales in San Jose California. San Jose Short Sales. San Jose Loan Modification Help. San Jose Short Sale Realtor. San Jose CA Short Sales. San Jose Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. This information on San Jose Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them is provided as a courtesy to our viewers to help them make informed decisions. ]]> http://inside-real-estate.com/guiseppematese/2012/02/22/san-jose-short-sale-q-a-the-second-mortgage-wants-more-than-the-first-mortgage-will-give-them/feed/ 882 Mortgage rates to stay low for most of 2012 http://inside-real-estate.com/bracehelgeson/2012/02/23/mortgage-rates-to-stay-low-for-most-of-2012/ http://inside-real-estate.com/bracehelgeson/2012/02/23/mortgage-rates-to-stay-low-for-most-of-2012/#comments Thu, 23 Feb 2012 03:23:45 +0000 Brace Helgeson http://inside-real-estate.com/bracehelgeson/2012/02/23/mortgage-rates-to-stay-low-for-most-of-2012/ Rates will likely stay below 5% for at least the first half of the year, industry experts say. By Amy Hoak of MarketWatch Mortgage rates should remain low in 2012, especially in the first half of the year, according to the predictions of several industry watchers. “We may spend the entire year below 5%,” said Greg McBride, senior financial analyst for Bankrate.com, referring to the average interest rate for a 30-year fixed-rate mortgage. Rates may even fall to new lows early this year, particularly if the European debt crisis hits a crescendo, McBride added. Already, rates are sitting at record lows. The 30-year fixed-rate mortgage averaged 3.91% for the week ending Jan. 5, according to Freddie Mac’s weekly survey of conforming mortgage rates. That ties the record for the lowest rates that have been in the history of the survey. In contrast, the highest average was 18.63% set in 1981, according to Freddie Mac. In general, the financial troubles in Europe, combined with the Federal Reserve’s pledge to keep short-term rates on hold at least through 2013, will keep mortgage rates from rising significantly, McBride said. Europe’s woes have caused a “flight to quality” among investors, sending their money in the direction of U.S. bonds, which has the effect of lowering mortgage rates. The Fed’s short-term rate policy also reduces long-term rates, since long-term rates “reflect expectations of where short-term rates will be in the future,” he said. Lately, consumers have been conditioned to expect low rates. Last year, the 30-year fixed-rate conforming mortgage had its lowest annual average on record at 4.66%, according to Bankrate. According to Freddie Mac, the 30-year mortgage averaged 4.5% in 2011; the lowest weekly rates on record were posted toward the end of the year. But whereas rates fell in the second half of 2011, they are expected to rise at least somewhat during the second half of 2012, said Frank Nothaft, chief economist of Freddie Mac. “Operation Twist is scheduled to remain in effect until June,” Nothaft said. The intent of Operation Twist, or the Federal Reserve’s Maturity Extension Program, is to push — and keep — long-term interest rates low, which means rates should stay low for the first half of the year, he said. The Fed plan, announced in September, involves buying long-term securities and selling $400 billion in short-term debt. But the Fed hasn’t made a commitment on whether it will extend the program beyond the June cutoff, Nothaft said. Economic outlook An improving economy could also cause rates to rise. Rates on a conforming 30-year fixed-rate mortgage are expected to average 4.2% in the first quarter of 2012, and should average 4.8% by the fourth quarter, according to Freddie Mac’s forecast. Meanwhile, HSH Associates, a publisher of consumer loan information, predicts conforming, 30-year fixed-rate mortgages will remain between 3.85% and 4.85% throughout 2012. “Things appear to be improving domestically. The economy, employment, the housing market are showing signs of warming,” said Keith Gumbinger, vice president at HSH. While the troubles of 2011 will certainly carry over into the new year, at least some upward emphasis on mortgage rates is expected “as things start to look a little more rosy,” he said. But those who aren’t as optimistic about the growth of the economy have different rate forecasts. For example, Fannie Mae’s chief economist, Doug Duncan, expects rates will stay relatively flat all year, with the 30-year fixed-rate mortgage rising to 4.1% or 4.2% at the most by the fourth quarter. The low-rate environment means that even people who have been improving their credit quality for the past five years may have a shot at scoring some of the lowest mortgage rates in history — and they may add sales to the housing market in the process, Duncan said. Some mortgage market watchers also think that lenders may be more willing to work with borrowers with good but not great credit in the year ahead, as the housing market and economy show some signs of improvement and lenders look to grow their business. “I don’t see credit becoming appreciably easier. But I think what you will see is more lenders willing to dip their toes into the waters of 700 and 720 credit-score consumers,” McBride said. “You may end up, as a consumer, seeing more lenders at the table for those that have good credit scores and not just those who have great credit scores.” But despite continued favorable mortgage rates, don’t expect great strides in the housing market just yet. The economy is still weak and unemployment is still high — two strong headwinds pushing against housing demand, even though affordability is so high, Nothaft said. “Consumer confidence is still relatively low. And what a low reading for consumer confidence means is that consumers are nervous about their economic well-being,” he said. “If you’re feeling ill at ease, you will be reluctant to buy something that costs $200,000 to $300,000 and commit to monthly payments for 30 years.”]]> Rates will likely stay below 5% for at least the first half of the year, industry experts say. By Amy Hoak of MarketWatch Mortgage rates should remain low in 2012, especially in the first half of the year, according to the predictions of several industry watchers. “We may spend the entire year below 5%,” said Greg McBride, senior financial analyst for Bankrate.com, referring to the average interest rate for a 30-year fixed-rate mortgage. Rates may even fall to new lows early this year, particularly if the European debt crisis hits a crescendo, McBride added. Already, rates are sitting at record lows. The 30-year fixed-rate mortgage averaged 3.91% for the week ending Jan. 5, according to Freddie Mac’s weekly survey of conforming mortgage rates. That ties the record for the lowest rates that have been in the history of the survey. In contrast, the highest average was 18.63% set in 1981, according to Freddie Mac. In general, the financial troubles in Europe, combined with the Federal Reserve’s pledge to keep short-term rates on hold at least through 2013, will keep mortgage rates from rising significantly, McBride said. Europe’s woes have caused a “flight to quality” among investors, sending their money in the direction of U.S. bonds, which has the effect of lowering mortgage rates. The Fed’s short-term rate policy also reduces long-term rates, since long-term rates “reflect expectations of where short-term rates will be in the future,” he said. Lately, consumers have been conditioned to expect low rates. Last year, the 30-year fixed-rate conforming mortgage had its lowest annual average on record at 4.66%, according to Bankrate. According to Freddie Mac, the 30-year mortgage averaged 4.5% in 2011; the lowest weekly rates on record were posted toward the end of the year. But whereas rates fell in the second half of 2011, they are expected to rise at least somewhat during the second half of 2012, said Frank Nothaft, chief economist of Freddie Mac. “Operation Twist is scheduled to remain in effect until June,” Nothaft said. The intent of Operation Twist, or the Federal Reserve’s Maturity Extension Program, is to push — and keep — long-term interest rates low, which means rates should stay low for the first half of the year, he said. The Fed plan, announced in September, involves buying long-term securities and selling $400 billion in short-term debt. But the Fed hasn’t made a commitment on whether it will extend the program beyond the June cutoff, Nothaft said. Economic outlook An improving economy could also cause rates to rise. Rates on a conforming 30-year fixed-rate mortgage are expected to average 4.2% in the first quarter of 2012, and should average 4.8% by the fourth quarter, according to Freddie Mac’s forecast. Meanwhile, HSH Associates, a publisher of consumer loan information, predicts conforming, 30-year fixed-rate mortgages will remain between 3.85% and 4.85% throughout 2012. “Things appear to be improving domestically. The economy, employment, the housing market are showing signs of warming,” said Keith Gumbinger, vice president at HSH. While the troubles of 2011 will certainly carry over into the new year, at least some upward emphasis on mortgage rates is expected “as things start to look a little more rosy,” he said. But those who aren’t as optimistic about the growth of the economy have different rate forecasts. For example, Fannie Mae’s chief economist, Doug Duncan, expects rates will stay relatively flat all year, with the 30-year fixed-rate mortgage rising to 4.1% or 4.2% at the most by the fourth quarter. The low-rate environment means that even people who have been improving their credit quality for the past five years may have a shot at scoring some of the lowest mortgage rates in history — and they may add sales to the housing market in the process, Duncan said. Some mortgage market watchers also think that lenders may be more willing to work with borrowers with good but not great credit in the year ahead, as the housing market and economy show some signs of improvement and lenders look to grow their business. “I don’t see credit becoming appreciably easier. But I think what you will see is more lenders willing to dip their toes into the waters of 700 and 720 credit-score consumers,” McBride said. “You may end up, as a consumer, seeing more lenders at the table for those that have good credit scores and not just those who have great credit scores.” But despite continued favorable mortgage rates, don’t expect great strides in the housing market just yet. The economy is still weak and unemployment is still high — two strong headwinds pushing against housing demand, even though affordability is so high, Nothaft said. “Consumer confidence is still relatively low. And what a low reading for consumer confidence means is that consumers are nervous about their economic well-being,” he said. “If you’re feeling ill at ease, you will be reluctant to buy something that costs $200,000 to $300,000 and commit to monthly payments for 30 years.”]]> http://inside-real-estate.com/bracehelgeson/2012/02/23/mortgage-rates-to-stay-low-for-most-of-2012/feed/ 1354 Drop in home prices slows http://inside-real-estate.com/bracehelgeson/2012/02/23/drop-in-home-prices-slows/ http://inside-real-estate.com/bracehelgeson/2012/02/23/drop-in-home-prices-slows/#comments Thu, 23 Feb 2012 03:22:12 +0000 Brace Helgeson http://inside-real-estate.com/bracehelgeson/2012/02/23/drop-in-home-prices-slows/ Declines in the Twin Cities market were the smallest in several months, the Case-Shiller report said. By JIM BUCHTA; STAFF WRITER     Star Tribune Twin Cities home prices late last year fell at a much slower rate than in previous months. The Standard Poor's/Case-Shiller home price index released Tuesday said local prices dropped 5 percent in November while the nation declined 3.7 percent. Though the Twin Cities was higher than the national average, it was one of the smallest annual declines in several months. Back in May, annual prices were down 11.7 percent. "In six months that's a pretty decent recovery," said Maureen Maitland, vice president for SP Indices. Nevertheless, Maitland said she's concerned that several recent month-to-month price declines might result in softer prices. From October to November, for instance, prices were down 0.7 percent. "If you continue that negative trend, the annual rates will turn back down," she said. Of the 20 cities tracked by the report, the index rose on an annual basis only in Detroit and Washington. Atlanta posted the worst performance; prices fell nearly 12 percent compared with November 2010. The November index for the Twin Cities stood at 113.25, which means that housing prices have increased 13.25 percent since the index baseline of 100 was established in 2000. By comparison, the SP's 20-city composite stood at 138.49, meaning that home prices in the nation's 20 biggest markets have risen 38.49 percent since 2000. During the early part of 2011, annual price declines in the Twin Cities were consistently among the largest in the country, an indication that the area is working its way through foreclosure inventory faster than other cities. Foreclosures in the Twin Cities have typically represented a much higher percentage of all sales than the national average even though the region's foreclosure rate is below the national average. David Blitzer, the chairman of the index committee at Standard Poor's, said that he's particularly concerned about the overhang of foreclosures that haven't yet hit the market. Banks are now stepping up foreclosure proceedings in the wake of the robo-signing scandal, which caused lenders to reevaluate the way foreclosures are processed. Blitzer said that because the Twin Cities is a relatively small market and the number of home sales continues to fall, it's likely that the index will be particularly volatile over the coming year. Case-Shiller tracks repeat sales of single-family houses for a rolling three-month average. Broader surveys suggest similar price weakness. According to the Minneapolis Area Association of Realtors, the median sale price of all properties that were sold last year in the Twin Cities through the Regional Multiple Listing Service fell almost 12 percent compared with the previous year. That report includes all housing types, including condos, townhouses and duplexes. In November, prices for those categories were down almost 12 percent. David Arbit, market analyst for the Minneapolis Area Association of Realtors, said that price is only one indicator of the health of the market. He said that with sales up and inventory down, the absorption rate -- how long the inventory would last at the current sales pace -- has fallen to just a few months. He expects those price declines to stabilize in the coming year as foreclosure rates fall and low inventory helps to bolster prices. On Tuesday, the Fiserv/Case-Shiller Indexes said Twin Cities-area home prices are expected to fall another 1.2 percent between the third quarter of 2011 and 2012. Jim Buchta - 612-673-7376]]> Declines in the Twin Cities market were the smallest in several months, the Case-Shiller report said. By JIM BUCHTA; STAFF WRITER     Star Tribune Twin Cities home prices late last year fell at a much slower rate than in previous months. The Standard Poor's/Case-Shiller home price index released Tuesday said local prices dropped 5 percent in November while the nation declined 3.7 percent. Though the Twin Cities was higher than the national average, it was one of the smallest annual declines in several months. Back in May, annual prices were down 11.7 percent. "In six months that's a pretty decent recovery," said Maureen Maitland, vice president for SP Indices. Nevertheless, Maitland said she's concerned that several recent month-to-month price declines might result in softer prices. From October to November, for instance, prices were down 0.7 percent. "If you continue that negative trend, the annual rates will turn back down," she said. Of the 20 cities tracked by the report, the index rose on an annual basis only in Detroit and Washington. Atlanta posted the worst performance; prices fell nearly 12 percent compared with November 2010. The November index for the Twin Cities stood at 113.25, which means that housing prices have increased 13.25 percent since the index baseline of 100 was established in 2000. By comparison, the SP's 20-city composite stood at 138.49, meaning that home prices in the nation's 20 biggest markets have risen 38.49 percent since 2000. During the early part of 2011, annual price declines in the Twin Cities were consistently among the largest in the country, an indication that the area is working its way through foreclosure inventory faster than other cities. Foreclosures in the Twin Cities have typically represented a much higher percentage of all sales than the national average even though the region's foreclosure rate is below the national average. David Blitzer, the chairman of the index committee at Standard Poor's, said that he's particularly concerned about the overhang of foreclosures that haven't yet hit the market. Banks are now stepping up foreclosure proceedings in the wake of the robo-signing scandal, which caused lenders to reevaluate the way foreclosures are processed. Blitzer said that because the Twin Cities is a relatively small market and the number of home sales continues to fall, it's likely that the index will be particularly volatile over the coming year. Case-Shiller tracks repeat sales of single-family houses for a rolling three-month average. Broader surveys suggest similar price weakness. According to the Minneapolis Area Association of Realtors, the median sale price of all properties that were sold last year in the Twin Cities through the Regional Multiple Listing Service fell almost 12 percent compared with the previous year. That report includes all housing types, including condos, townhouses and duplexes. In November, prices for those categories were down almost 12 percent. David Arbit, market analyst for the Minneapolis Area Association of Realtors, said that price is only one indicator of the health of the market. He said that with sales up and inventory down, the absorption rate -- how long the inventory would last at the current sales pace -- has fallen to just a few months. He expects those price declines to stabilize in the coming year as foreclosure rates fall and low inventory helps to bolster prices. On Tuesday, the Fiserv/Case-Shiller Indexes said Twin Cities-area home prices are expected to fall another 1.2 percent between the third quarter of 2011 and 2012. Jim Buchta - 612-673-7376]]> http://inside-real-estate.com/bracehelgeson/2012/02/23/drop-in-home-prices-slows/feed/ 1354 Get a $150,000 home for $553 /mo, principal and interest...really http://inside-real-estate.com/nampa-id/homes/how-to-get-a-150000-home-for-553-a-month-principal-and-interest-really/ http://inside-real-estate.com/nampa-id/homes/how-to-get-a-150000-home-for-553-a-month-principal-and-interest-really/#comments Thu, 23 Feb 2012 01:39:43 +0000 Kecia Mortenson http://inside-real-estate.com/nampa-id/homes/how-to-get-a-150000-home-for-553-a-month-principal-and-interest-really/ Click this link to privately search homes in the MLS. Click this link to get in touch with Amy, my lender]]> Click this link to privately search homes in the MLS. Click this link to get in touch with Amy, my lender]]> http://inside-real-estate.com/nampa-id/homes/how-to-get-a-150000-home-for-553-a-month-principal-and-interest-really/feed/ 188 LinkedIn Marketing Strategy: A Refresher for Real Estate Agents http://inside-real-estate.com/theblog/2012/02/22/linkedin-marketing-strategy-a-refresher-for-real-estate-agents/ http://inside-real-estate.com/theblog/2012/02/22/linkedin-marketing-strategy-a-refresher-for-real-estate-agents/#comments Thu, 23 Feb 2012 00:31:09 +0000 colbyclark http://inside-real-estate.com/theblog/2012/02/22/linkedin-marketing-strategy-a-refresher-for-real-estate-agents/ To some, LinkedIn probably seems like old news. Old news is still good news. For you, the savvy real estate agent, having a LinkedIn marketing strategy can be a valuable resource for new real estate leads. So, just in case you are a little rusty on LinkedIn marketing and what you can accomplish with this nifty little platform, we’ve created a little refresher. It’s time to get re-linked in to LinkedIn. Optimizing Your LinkedIn Profile The first LinkedIn marketing strategy we want to discuss is optimizing your profile.  A detailed profile can’t be stressed enough. It’s like an online resume and calling card in-one. It’s important that you thoroughly fill out all of the profile information you can. Use this as a place to highlight your strengths and what services you provide. Also, be sure to include a photograph.  If you have an old picture up, it might be time for a new one to keep things fresh. Also, when describing yourself, your background, and your services, use keywords and phrases related to your industry that homebuyers and sellers may use.  And include a link to your website.  If you “optimize” your profile well, you could appear in more searches and get more visits to your website for a search engine ranking.  Note: Do not “stuff” too many keywords in there.  You don’t want your profile to look like search engine spam. Building Connections In the world of LinkedIn, “connections” are the main currency. Remember, if you’re already part of an agency, you want to make sure you’re connecting with everyone you can there, and then keep building. Connect with clients.  Connect with friends that are on LinkedIn. Remember, having a lot of connections, within your own industry and in general, can help your street cred’; it makes you look like a valuable and trusted source. And what does that mean? More business. Remember to keep up with the connections you do make, through forums and through their status updates, etc. People in your own industry could prove helpful in giving you the 411 on industry news, especially in your area. And obviously, keeping up with client’s status’ and questions could help get repeat business and better understand your market. Attracting Leads through Q&As Many people don’t know much about or don’t effectively use LinkedIn Groups. Joining some select groups homebuyers and sellers may be participating in can be an effective LinkedIn marketing strategy for agents. Your popularity, and therefore your leads, could skyrocket if you make a practice of answering questions in these forums.  If your answer is listed as one of the ‘best answers’ you will get a lot of attention, and basically get free advertising. How do you accomplish this? Well, it seems to be a mixture of two things: 1) Offering truly helpful and informative answers and 2) Making sure your personality comes across. This doesn’t mean having a cocky attitude and showing it, it just means giving a unique spin on things that helps people remember you, making you a resource for future questions they may have. Don’t underestimate the value of Linked for real estate marketing.  LinkedIn marketing is a valuable way to build your reputation and brand. So, if you’ve already used LinkedIn in the past, dust off those skills and get back to it. If it’s your first time, make the most of this network. Got more LinkedIn real estate marketing tips?  Add your comment below.  Thanks for sharing.]]> To some, LinkedIn probably seems like old news. Old news is still good news. For you, the savvy real estate agent, having a LinkedIn marketing strategy can be a valuable resource for new real estate leads. So, just in case you are a little rusty on LinkedIn marketing and what you can accomplish with this nifty little platform, we’ve created a little refresher. It’s time to get re-linked in to LinkedIn. Optimizing Your LinkedIn Profile The first LinkedIn marketing strategy we want to discuss is optimizing your profile.  A detailed profile can’t be stressed enough. It’s like an online resume and calling card in-one. It’s important that you thoroughly fill out all of the profile information you can. Use this as a place to highlight your strengths and what services you provide. Also, be sure to include a photograph.  If you have an old picture up, it might be time for a new one to keep things fresh. Also, when describing yourself, your background, and your services, use keywords and phrases related to your industry that homebuyers and sellers may use.  And include a link to your website.  If you “optimize” your profile well, you could appear in more searches and get more visits to your website for a search engine ranking.  Note: Do not “stuff” too many keywords in there.  You don’t want your profile to look like search engine spam. Building Connections In the world of LinkedIn, “connections” are the main currency. Remember, if you’re already part of an agency, you want to make sure you’re connecting with everyone you can there, and then keep building. Connect with clients.  Connect with friends that are on LinkedIn. Remember, having a lot of connections, within your own industry and in general, can help your street cred’; it makes you look like a valuable and trusted source. And what does that mean? More business. Remember to keep up with the connections you do make, through forums and through their status updates, etc. People in your own industry could prove helpful in giving you the 411 on industry news, especially in your area. And obviously, keeping up with client’s status’ and questions could help get repeat business and better understand your market. Attracting Leads through Q&As Many people don’t know much about or don’t effectively use LinkedIn Groups. Joining some select groups homebuyers and sellers may be participating in can be an effective LinkedIn marketing strategy for agents. Your popularity, and therefore your leads, could skyrocket if you make a practice of answering questions in these forums.  If your answer is listed as one of the ‘best answers’ you will get a lot of attention, and basically get free advertising. How do you accomplish this? Well, it seems to be a mixture of two things: 1) Offering truly helpful and informative answers and 2) Making sure your personality comes across. This doesn’t mean having a cocky attitude and showing it, it just means giving a unique spin on things that helps people remember you, making you a resource for future questions they may have. Don’t underestimate the value of Linked for real estate marketing.  LinkedIn marketing is a valuable way to build your reputation and brand. So, if you’ve already used LinkedIn in the past, dust off those skills and get back to it. If it’s your first time, make the most of this network. Got more LinkedIn real estate marketing tips?  Add your comment below.  Thanks for sharing.]]> http://inside-real-estate.com/theblog/2012/02/22/linkedin-marketing-strategy-a-refresher-for-real-estate-agents/feed/ 15 Utah County Real Estate Agent, Kimberlie Kerswell http://inside-real-estate.com/kimberliekerswell/2012/02/22/utah-county-real-estate-agent-kimberlie-kerswell/ http://inside-real-estate.com/kimberliekerswell/2012/02/22/utah-county-real-estate-agent-kimberlie-kerswell/#comments Wed, 22 Feb 2012 22:51:52 +0000 kimberliekerswell http://inside-real-estate.com/kimberliekerswell/2012/02/22/utah-county-real-estate-agent-kimberlie-kerswell/ http://inside-real-estate.com/kimberliekerswell/2012/02/22/utah-county-real-estate-agent-kimberlie-kerswell/feed/ 2226 A closer look at January foreclosure numbers http://inside-real-estate.com/danilobatoon/2012/02/22/a-closer-look-at-january-foreclosure-numbers/ http://inside-real-estate.com/danilobatoon/2012/02/22/a-closer-look-at-january-foreclosure-numbers/#comments Wed, 22 Feb 2012 20:11:56 +0000 Dan Batoon http://inside-real-estate.com/danilobatoon/2012/02/22/a-closer-look-at-january-foreclosure-numbers/ http://inside-real-estate.com/danilobatoon/2012/02/22/a-closer-look-at-january-foreclosure-numbers/feed/ 2029 Aromas and Prunedale Home Prices set To Explode? http://inside-real-estate.com/davebiagini/2012/02/22/aromas-and-prunedale-home-prices-set-to-explode/ http://inside-real-estate.com/davebiagini/2012/02/22/aromas-and-prunedale-home-prices-set-to-explode/#comments Wed, 22 Feb 2012 19:36:40 +0000 davebiagini http://inside-real-estate.com/davebiagini/2012/02/22/aromas-and-prunedale-home-prices-set-to-explode/ probably gone forever and that is really the way it should be.  It’s all about financing.  Coming from the mortgage industry, I always look at real estate from a mortgage bankers prospective. Even after the foreclosure crisis has passed which it hasn't (it is heading in the right direction) real estate will no longer be sold to unqualified borrowers.  Strict qualifying ratios will guide median real estate prices relating to median income in most markets around the world. An exception might be destination spots such as Pebble Beach, Carmel, Monterey, La Selva Beach, Rio Del Mar, Seascape, Capitola, Aptos and Santa Cruz which are areas I am familiar with and are in my marketing area. With interest rates at record lows borrowers can qualify for higher priced homes than they will be able to when interest rates rise which they likely will do in the not to distant future.. A 4%, $400,000 mortgage amortized for 30 years gives you a payment of $1909.66. That same $400,000 mortgage amortized with a 6% interest rate for 30 years gives you a payment of $2,398.20. With the way we (meaning the government) are spending money and monetizing our debt interest rates could go much higher than that.  Anyway, $2,398.20 would only get you $318,515 mortgage.  So if you are barely qualifying for that $400,000 loan now, you would now qualify for $318,515 @ 6%.. The only way prices rise is if incomes rise. The economy is going to have to get much better for that to happen. The Economy is in a real fix.  If interest rates rise property values will fall or at least level off even after the foreclosure crisis has passed.  The government does not have total control of interest rates.  I think the best case scenario is that prices slowly rise until Mortgage rates rise and then level off after the foreclosure crisis is over. There are a lot of variables in trying to tell what the future will bring but armed with this prospective view of the way mortgage qualifications manipulate the real estate market, you at least know that a run away upward trend in the real estate market is unlikely. My suggestion is to buy what you can afford and hope for the best. Timing this market is impossible.  Again, this is the way real estate markets are supposed to work and if the mortgage industry had recognized this fact (which I think they must have), we never would have gotten into this mortgage crisis in the first place. It is very important to get your monies worth when buying any property especially a country property. A miscalculation can cost you thousands of dollars.  I am here to help make sure you get a square deal.  Drop me a line or call me when you need help with your new home purchase in the Monterey Bay Area. Horse properties are my specialty but obviously I can help you with any real estate transaction. I look forward to talking soon. Dave Biagini                                                                                              Bay Cities Real Estate                                                                                831-320-5439]]> probably gone forever and that is really the way it should be.  It’s all about financing.  Coming from the mortgage industry, I always look at real estate from a mortgage bankers prospective. Even after the foreclosure crisis has passed which it hasn't (it is heading in the right direction) real estate will no longer be sold to unqualified borrowers.  Strict qualifying ratios will guide median real estate prices relating to median income in most markets around the world. An exception might be destination spots such as Pebble Beach, Carmel, Monterey, La Selva Beach, Rio Del Mar, Seascape, Capitola, Aptos and Santa Cruz which are areas I am familiar with and are in my marketing area. With interest rates at record lows borrowers can qualify for higher priced homes than they will be able to when interest rates rise which they likely will do in the not to distant future.. A 4%, $400,000 mortgage amortized for 30 years gives you a payment of $1909.66. That same $400,000 mortgage amortized with a 6% interest rate for 30 years gives you a payment of $2,398.20. With the way we (meaning the government) are spending money and monetizing our debt interest rates could go much higher than that.  Anyway, $2,398.20 would only get you $318,515 mortgage.  So if you are barely qualifying for that $400,000 loan now, you would now qualify for $318,515 @ 6%.. The only way prices rise is if incomes rise. The economy is going to have to get much better for that to happen. The Economy is in a real fix.  If interest rates rise property values will fall or at least level off even after the foreclosure crisis has passed.  The government does not have total control of interest rates.  I think the best case scenario is that prices slowly rise until Mortgage rates rise and then level off after the foreclosure crisis is over. There are a lot of variables in trying to tell what the future will bring but armed with this prospective view of the way mortgage qualifications manipulate the real estate market, you at least know that a run away upward trend in the real estate market is unlikely. My suggestion is to buy what you can afford and hope for the best. Timing this market is impossible.  Again, this is the way real estate markets are supposed to work and if the mortgage industry had recognized this fact (which I think they must have), we never would have gotten into this mortgage crisis in the first place. It is very important to get your monies worth when buying any property especially a country property. A miscalculation can cost you thousands of dollars.  I am here to help make sure you get a square deal.  Drop me a line or call me when you need help with your new home purchase in the Monterey Bay Area. Horse properties are my specialty but obviously I can help you with any real estate transaction. I look forward to talking soon. Dave Biagini                                                                                              Bay Cities Real Estate                                                                                831-320-5439]]> http://inside-real-estate.com/davebiagini/2012/02/22/aromas-and-prunedale-home-prices-set-to-explode/feed/ 2202 Looking Ahead: Prices in Park City Market http://inside-real-estate.com/claudiaklawe/2012/02/22/looking-ahead-prices-in-park-city-market/ http://inside-real-estate.com/claudiaklawe/2012/02/22/looking-ahead-prices-in-park-city-market/#comments Wed, 22 Feb 2012 19:15:47 +0000 Claudia Klawe http://inside-real-estate.com/claudiaklawe/2012/02/22/looking-ahead-prices-in-park-city-market/ Prices in our market have been falling, in general, for four straight years, with many parts of our market being 40-45% below where those prices were at the peak. Keep in mind that many erroneously thought in the mid-2000’s that prices would keep rising “forever,”. Likewise it's unlikely that prices will keep falling just as they have been for the past four years. Optimistically, It appears that prices have now corrected in virtually all parts of our market, and although price increases will probably be slow, future sizable declines seem unlikely. The information that we have derived for this article was taken from the Park City Board Realtors. Seltenrich advises, “With different neighborhoods responding differently to the current market, it continues to be very important to consult with your local REALTOR® to understand what the market is doing in your area". If you have questions regarding how the market is doing in your area, Please contact Claudia Klawe, who serves Park City and Salt Lake City. 801-541-7670]]> Prices in our market have been falling, in general, for four straight years, with many parts of our market being 40-45% below where those prices were at the peak. Keep in mind that many erroneously thought in the mid-2000’s that prices would keep rising “forever,”. Likewise it's unlikely that prices will keep falling just as they have been for the past four years. Optimistically, It appears that prices have now corrected in virtually all parts of our market, and although price increases will probably be slow, future sizable declines seem unlikely. The information that we have derived for this article was taken from the Park City Board Realtors. Seltenrich advises, “With different neighborhoods responding differently to the current market, it continues to be very important to consult with your local REALTOR® to understand what the market is doing in your area". If you have questions regarding how the market is doing in your area, Please contact Claudia Klawe, who serves Park City and Salt Lake City. 801-541-7670]]> http://inside-real-estate.com/claudiaklawe/2012/02/22/looking-ahead-prices-in-park-city-market/feed/ 2091 Why Work with a Buyer's Agent in Columbia, MO? http://inside-real-estate.com/juliaames/2012/02/22/why-work-with-a-buyers-agent-in-columbia-mo/ http://inside-real-estate.com/juliaames/2012/02/22/why-work-with-a-buyers-agent-in-columbia-mo/#comments Wed, 22 Feb 2012 18:54:00 +0000 Modern Property Groups http://inside-real-estate.com/juliaames/2012/02/22/why-work-with-a-buyers-agent-in-columbia-mo/ 1. It is FREE – That is right, hiring a buyer's won't cost you a thing. It is the seller who pays the commission, not the buyer. 2. It is Convenient - Finding homes that fit your criteria and scheduling showings can be a full time job. If you already work 9-5 it can become daunting and overwhelming very quickly. Modern Property Groups agents have the inside knowledge about the neighborhoods you want. 3. Market Knowledge - As great as convenience is, the most important service a buyer's agent brings to the table is market knowledge. Understanding the local market is the key to finding the best home at the best price possible. And market knowledge is something that is not easily collected in a short period of time. 4. Professional Negotiation - Making an offer and negotiating with a seller is by far one of the most specialized parts of the home buying process. 5. Professional Connections - Getting to the closing table requires the expertise of a number of professionals. Lenders, inspectors, surveyors just to name a few. Buyer's agents have worked with a number of providers, both great and not so good. When you hire a buyer's agent you get access to their network rather than having to research and build relationships from scratch. 6. Insider Knowledge - Wouldn't it be great to know about a home that's going up for sale before it's listed?  A well-networked REALTOR has access to many properties not yet on the market!  Many transactions happen behind closed doors - before the property ever hits the market. 7. Access to Comps/Sales Info - Comparables are extremely valuable when you are considering how much to offer on a home. Agents have access to the latest sales prices of comparable homes and can help you submit an offer that will be acceptable to both parties. 8. Help Identifying Your Needs - One of the significant benefits of using a buyer's agent. Is the help in prioritizing the need. Most people have so many wants that it is very difficult for them to narrow it down to a place where they might actually find a home that fits at least their top needs. Modern Property Groups recommends writing down a list of your most important needs/wants in a top 5 manner.  This will help your agent to identify the best way to help you with your goals of home-ownership. 9. Mitigator of Emotions - Buying a home stirs up a lot of emotions. However, if those emotions are not kept in check it can cause many problems that could otherwise be avoided. Being a mitigator of emotions, the manager of expectation is one of an agent's most important roles.  Look for someone who is calm and straight-forward. 10. Knowledge of Industry Standards, Legalities and Writing a Contract -  Buyers representing themselves will always leave too much on the table. They do not understand the issue of disclosures, they do not understand negotiating and they do not understand that this is a legal contract. You may be able to search for homes on your own, but submitting an offer which may become a legally binding contract is not something you want to do by yourself. If nothing else, an experienced buyer's agent can give you assurance that contracts are written up correctly and protect your interests. Overall, working with a buyers agent is a great move in the home buying process.  You are considering purchasing one of the largest financial assets you will ever own.  Utilizing the expertise of a buyers agent to your advantage is a must in today’s market.  Ask yourself……would you try to diagnose an illness by yourself or would you rather use a doctor?]]> 1. It is FREE – That is right, hiring a buyer's won't cost you a thing. It is the seller who pays the commission, not the buyer. 2. It is Convenient - Finding homes that fit your criteria and scheduling showings can be a full time job. If you already work 9-5 it can become daunting and overwhelming very quickly. Modern Property Groups agents have the inside knowledge about the neighborhoods you want. 3. Market Knowledge - As great as convenience is, the most important service a buyer's agent brings to the table is market knowledge. Understanding the local market is the key to finding the best home at the best price possible. And market knowledge is something that is not easily collected in a short period of time. 4. Professional Negotiation - Making an offer and negotiating with a seller is by far one of the most specialized parts of the home buying process. 5. Professional Connections - Getting to the closing table requires the expertise of a number of professionals. Lenders, inspectors, surveyors just to name a few. Buyer's agents have worked with a number of providers, both great and not so good. When you hire a buyer's agent you get access to their network rather than having to research and build relationships from scratch. 6. Insider Knowledge - Wouldn't it be great to know about a home that's going up for sale before it's listed?  A well-networked REALTOR has access to many properties not yet on the market!  Many transactions happen behind closed doors - before the property ever hits the market. 7. Access to Comps/Sales Info - Comparables are extremely valuable when you are considering how much to offer on a home. Agents have access to the latest sales prices of comparable homes and can help you submit an offer that will be acceptable to both parties. 8. Help Identifying Your Needs - One of the significant benefits of using a buyer's agent. Is the help in prioritizing the need. Most people have so many wants that it is very difficult for them to narrow it down to a place where they might actually find a home that fits at least their top needs. Modern Property Groups recommends writing down a list of your most important needs/wants in a top 5 manner.  This will help your agent to identify the best way to help you with your goals of home-ownership. 9. Mitigator of Emotions - Buying a home stirs up a lot of emotions. However, if those emotions are not kept in check it can cause many problems that could otherwise be avoided. Being a mitigator of emotions, the manager of expectation is one of an agent's most important roles.  Look for someone who is calm and straight-forward. 10. Knowledge of Industry Standards, Legalities and Writing a Contract -  Buyers representing themselves will always leave too much on the table. They do not understand the issue of disclosures, they do not understand negotiating and they do not understand that this is a legal contract. You may be able to search for homes on your own, but submitting an offer which may become a legally binding contract is not something you want to do by yourself. If nothing else, an experienced buyer's agent can give you assurance that contracts are written up correctly and protect your interests. Overall, working with a buyers agent is a great move in the home buying process.  You are considering purchasing one of the largest financial assets you will ever own.  Utilizing the expertise of a buyers agent to your advantage is a must in today’s market.  Ask yourself……would you try to diagnose an illness by yourself or would you rather use a doctor?]]> http://inside-real-estate.com/juliaames/2012/02/22/why-work-with-a-buyers-agent-in-columbia-mo/feed/ 2139 Region's Real Estate slump has a bright side http://inside-real-estate.com/SacCityHomes/2012/02/22/regions-real-estate-slump-has-a-bright-side/ http://inside-real-estate.com/SacCityHomes/2012/02/22/regions-real-estate-slump-has-a-bright-side/#comments Wed, 22 Feb 2012 18:16:27 +0000 jamesswanson http://inside-real-estate.com/SacCityHomes/2012/02/22/regions-real-estate-slump-has-a-bright-side/ Here is another article with more information]]> Here is another article with more information]]> http://inside-real-estate.com/SacCityHomes/2012/02/22/regions-real-estate-slump-has-a-bright-side/feed/ 1296 Mortgage Rates In The Triangle Area Expected To Remain Low Throughout 2012 http://inside-real-estate.com/rodneygeohagan/2012/02/22/mortgage-rates-in-the-triangle-area-expected-to-remain-low-throughout-2012/ http://inside-real-estate.com/rodneygeohagan/2012/02/22/mortgage-rates-in-the-triangle-area-expected-to-remain-low-throughout-2012/#comments Wed, 22 Feb 2012 16:11:03 +0000 Rodney Geohagan http://inside-real-estate.com/rodneygeohagan/2012/02/22/mortgage-rates-in-the-triangle-area-expected-to-remain-low-throughout-2012/ If you have been looking to the move to the wonderful community of Glen Laurel then this year is the year to make your move. We have seen historically low mortgage interest rates and industry experts are predicting we will continue to see low rates throughout the rest of 2012. Greg McBride, senior financial analyst for Bankrate.com said, “We may spend the entire year below 5%.” Rates right now are already sitting at all time record lows, making it the perfect time to buy your dream home in Glen Laurel or in the surrounding Triangle area.  The first week of January, Freddie Mac’s weekly survey of conforming mortgage rates reported that 30-year fixed rates hit 3.91%. This number ties the record for the lowest rates that have been in the history of the survey.  To put into perspective how low that is, the highest the survey has seen was in 1981 when interest rates hit a high of 18.63%.  The annual average rate on a 30-year fixed rate mortgage reached its historic low last year with rates averaging 4.66% according to Bankrate.com and 4.5% according to Freddie Mac. Freddie Mac is forecasting that interest rates will average 4.2% in the first quarter of 2012 and should average 4.8% in the fourth quarter of 2012.  Continued low rates allow those potential buyers who were are working improving their credit to be able to take advantage of these low rates. To take advantage of these low interest rates and buy a new home in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works, and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answers and would love to sit down for a confidential review of your options.]]> If you have been looking to the move to the wonderful community of Glen Laurel then this year is the year to make your move. We have seen historically low mortgage interest rates and industry experts are predicting we will continue to see low rates throughout the rest of 2012. Greg McBride, senior financial analyst for Bankrate.com said, “We may spend the entire year below 5%.” Rates right now are already sitting at all time record lows, making it the perfect time to buy your dream home in Glen Laurel or in the surrounding Triangle area.  The first week of January, Freddie Mac’s weekly survey of conforming mortgage rates reported that 30-year fixed rates hit 3.91%. This number ties the record for the lowest rates that have been in the history of the survey.  To put into perspective how low that is, the highest the survey has seen was in 1981 when interest rates hit a high of 18.63%.  The annual average rate on a 30-year fixed rate mortgage reached its historic low last year with rates averaging 4.66% according to Bankrate.com and 4.5% according to Freddie Mac. Freddie Mac is forecasting that interest rates will average 4.2% in the first quarter of 2012 and should average 4.8% in the fourth quarter of 2012.  Continued low rates allow those potential buyers who were are working improving their credit to be able to take advantage of these low rates. To take advantage of these low interest rates and buy a new home in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works, and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answers and would love to sit down for a confidential review of your options.]]> http://inside-real-estate.com/rodneygeohagan/2012/02/22/mortgage-rates-in-the-triangle-area-expected-to-remain-low-throughout-2012/feed/ 1637 Finding the right home in St George http://inside-real-estate.com/randmccullough/2012/02/22/finding-the-right-home-in-st-george/ http://inside-real-estate.com/randmccullough/2012/02/22/finding-the-right-home-in-st-george/#comments Wed, 22 Feb 2012 15:27:27 +0000 Rand McCullough http://inside-real-estate.com/randmccullough/2012/02/22/finding-the-right-home-in-st-george/ http://inside-real-estate.com/randmccullough/2012/02/22/finding-the-right-home-in-st-george/feed/ 2078 Search your ZIP code: 2011 home prices, sales http://inside-real-estate.com/danilobatoon/2012/02/22/search-your-zip-code-2011-home-prices-sales/ http://inside-real-estate.com/danilobatoon/2012/02/22/search-your-zip-code-2011-home-prices-sales/#comments Wed, 22 Feb 2012 14:00:00 +0000 Dan Batoon http://inside-real-estate.com/danilobatoon/2012/02/22/search-your-zip-code-2011-home-prices-sales/ http://inside-real-estate.com/danilobatoon/2012/02/22/search-your-zip-code-2011-home-prices-sales/feed/ 2029 Should you buy a home in 2012? http://inside-real-estate.com/chrislussier/2012/02/22/should-you-buy-a-home-in-2012/ http://inside-real-estate.com/chrislussier/2012/02/22/should-you-buy-a-home-in-2012/#comments Wed, 22 Feb 2012 10:00:14 +0000 Chris Lussier http://inside-real-estate.com/chrislussier/2012/02/22/should-you-buy-a-home-in-2012/ http://money.cnn.com/video/pf/2011/12/21/pf_ate_real_estate_outlook_2012.cnnmoney/]]> http://money.cnn.com/video/pf/2011/12/21/pf_ate_real_estate_outlook_2012.cnnmoney/]]> http://inside-real-estate.com/chrislussier/2012/02/22/should-you-buy-a-home-in-2012/feed/ 1364 Attitudes Toward Economy Improving, Says Survey http://inside-real-estate.com/cindyburgess/2012/02/22/attitudes-toward-economy-improving-says-survey/ http://inside-real-estate.com/cindyburgess/2012/02/22/attitudes-toward-economy-improving-says-survey/#comments Wed, 22 Feb 2012 06:00:00 +0000 Cindy Burgess http://inside-real-estate.com/cindyburgess/2012/02/22/attitudes-toward-economy-improving-says-survey/
Over one-third of Americans (36 percent) say they expect the economy to improve in the coming year while two in five (40 percent) say it will remain the same and one-quarter (24 percent) believe it will get worse. These statistics are based on December survey results when one-quarter of U.S. adults (23 percent) believed the economy would improve, almost half (47 percent) felt it would stay the same and three in ten (29 percent) thought it would get worse. 

Perceptions of the job market are also improving, albeit a little more slowly. Three in five Americans (59 percent) rate the current job market of their region of the country as bad, 16percent say it is good and one-quarter (25 percent) say it is neither good nor bad. In January, almost two-thirds of U.S. adults (65 percent) felt the job market in their region was bad and 14percent felt it was good. This is the first time since July of 2008 that the percentage of those who think the job market in their region is bad is below 60 percent. 

Looking ahead, there is also a sense of optimism on where the job market is heading. One-third of Americans (32 percent) believe the job market in their region of the nation will get better in the next six months, half (51 percent) say it will stay the same and 17 percent believe it will get worse. Last month, just one-quarter (27 percent) felt the job market would get better, over half (53 percent) felt it would remain the same and one in five (21 percent) felt it would get worse. 

Finally, feelings about whether the country is still in a recession or not are also improving. In September, seven in ten Americans (69 percent) felt the country was still in a recession, while one in ten each felt that the U.S. came out of a recession but will now enter a new recession (11 percent) and the country has come out of the recession and the economy is growing (10 percent). A few months later and, while over half of Americans (56percent) still think the country is in a recession, one-quarter (24 percent) believe the country has come out of the recession and the economy is growing and just 8 percent believe the U.S. has come out of a recession but will enter a new one.

Published with permission from RISMedia.

]]>
Over one-third of Americans (36 percent) say they expect the economy to improve in the coming year while two in five (40 percent) say it will remain the same and one-quarter (24 percent) believe it will get worse. These statistics are based on December survey results when one-quarter of U.S. adults (23 percent) believed the economy would improve, almost half (47 percent) felt it would stay the same and three in ten (29 percent) thought it would get worse. 

Perceptions of the job market are also improving, albeit a little more slowly. Three in five Americans (59 percent) rate the current job market of their region of the country as bad, 16percent say it is good and one-quarter (25 percent) say it is neither good nor bad. In January, almost two-thirds of U.S. adults (65 percent) felt the job market in their region was bad and 14percent felt it was good. This is the first time since July of 2008 that the percentage of those who think the job market in their region is bad is below 60 percent. 

Looking ahead, there is also a sense of optimism on where the job market is heading. One-third of Americans (32 percent) believe the job market in their region of the nation will get better in the next six months, half (51 percent) say it will stay the same and 17 percent believe it will get worse. Last month, just one-quarter (27 percent) felt the job market would get better, over half (53 percent) felt it would remain the same and one in five (21 percent) felt it would get worse. 

Finally, feelings about whether the country is still in a recession or not are also improving. In September, seven in ten Americans (69 percent) felt the country was still in a recession, while one in ten each felt that the U.S. came out of a recession but will now enter a new recession (11 percent) and the country has come out of the recession and the economy is growing (10 percent). A few months later and, while over half of Americans (56percent) still think the country is in a recession, one-quarter (24 percent) believe the country has come out of the recession and the economy is growing and just 8 percent believe the U.S. has come out of a recession but will enter a new one.

Published with permission from RISMedia.

]]> http://inside-real-estate.com/cindyburgess/2012/02/22/attitudes-toward-economy-improving-says-survey/feed/ 1888 Credit Card Debt Rivals Emergency Savings http://inside-real-estate.com/cindyburgess/2012/02/22/credit-card-debt-rivals-emergency-savings/ http://inside-real-estate.com/cindyburgess/2012/02/22/credit-card-debt-rivals-emergency-savings/#comments Wed, 22 Feb 2012 06:00:00 +0000 Cindy Burgess http://inside-real-estate.com/cindyburgess/2012/02/22/credit-card-debt-rivals-emergency-savings/ Only 54 percent of Americans have more emergency savings than credit card debt, according to a recent poll from Bankrate.com. One in four Americans (25 percent) has more credit card debt than emergency savings and 16 percent have neither credit card debt nor emergency savings. 

Bankrate's monthly Financial Security Index held at 97.3, unchanged from January and tied for the highest level since June 2011. Any reading below 100 indicates a lower level of financial security compared with 12 months earlier. 

Despite four straight months of improving sentiment, consumers' overall financial situation is still seen as negative. Twenty-seven percent of Americans report a lower level of financial security now versus one year ago and 24 percent report a higher level. Thirty-eight percent of Americans are less comfortable with their savings now compared with one year ago; only 14 percent are more comfortable. 

Additional survey findings included:
Job Security: Consumers are slightly positive, with 20 percent feeling more secure than one year ago and 19 percent feeling less secure (up from 17 percent in January). 

Savings: Consumers have reported less negativity about their savings in each of the past three months, with fewer feeling less comfortable and more feeling about the same as 12 months ago. 

Debt and Net Worth: Both were little changed from January and maintain essentially neutral readings. 

Credit Card Debt vs. Emergency Savings
- Households with income of $75,000 or more per year, college graduates and retirees are the most likely to have more in emergency savings than credit card debt.
- Parents are the most likely to have more credit card debt than emergency savings.
- Those most likely to have neither credit card debt nor emergency savings are households with income of less than $30,000 per year, those with a high school education or less and the unemployed.
- In a similar Bankrate poll conducted in February 2011, 52 percent of Americans had more emergency savings than credit card debt. Twenty-three percent had more credit card debt than emergency savings and 19 percent had neither credit card debt nor emergency savings. 

The new study was conducted by Princeton Survey Research Associates International (PSRAI).

Published with permission from RISMedia.

]]> Only 54 percent of Americans have more emergency savings than credit card debt, according to a recent poll from Bankrate.com. One in four Americans (25 percent) has more credit card debt than emergency savings and 16 percent have neither credit card debt nor emergency savings. 

Bankrate's monthly Financial Security Index held at 97.3, unchanged from January and tied for the highest level since June 2011. Any reading below 100 indicates a lower level of financial security compared with 12 months earlier. 

Despite four straight months of improving sentiment, consumers' overall financial situation is still seen as negative. Twenty-seven percent of Americans report a lower level of financial security now versus one year ago and 24 percent report a higher level. Thirty-eight percent of Americans are less comfortable with their savings now compared with one year ago; only 14 percent are more comfortable. 

Additional survey findings included:
Job Security: Consumers are slightly positive, with 20 percent feeling more secure than one year ago and 19 percent feeling less secure (up from 17 percent in January). 

Savings: Consumers have reported less negativity about their savings in each of the past three months, with fewer feeling less comfortable and more feeling about the same as 12 months ago. 

Debt and Net Worth: Both were little changed from January and maintain essentially neutral readings. 

Credit Card Debt vs. Emergency Savings
- Households with income of $75,000 or more per year, college graduates and retirees are the most likely to have more in emergency savings than credit card debt.
- Parents are the most likely to have more credit card debt than emergency savings.
- Those most likely to have neither credit card debt nor emergency savings are households with income of less than $30,000 per year, those with a high school education or less and the unemployed.
- In a similar Bankrate poll conducted in February 2011, 52 percent of Americans had more emergency savings than credit card debt. Twenty-three percent had more credit card debt than emergency savings and 19 percent had neither credit card debt nor emergency savings. 

The new study was conducted by Princeton Survey Research Associates International (PSRAI).

Published with permission from RISMedia.

]]> http://inside-real-estate.com/cindyburgess/2012/02/22/credit-card-debt-rivals-emergency-savings/feed/ 1888 Survey Reveals Rental Market Outlook http://inside-real-estate.com/cindyburgess/2012/02/22/survey-reveals-rental-market-outlook/ http://inside-real-estate.com/cindyburgess/2012/02/22/survey-reveals-rental-market-outlook/#comments Wed, 22 Feb 2012 06:00:00 +0000 Cindy Burgess http://inside-real-estate.com/cindyburgess/2012/02/22/survey-reveals-rental-market-outlook/ According to a new survey from Apartments.com, an increasing number of consumers continue to look toward renting as a viable option in today’s market, considering it to be an affordable, flexible lifestyle choice. This higher demand for apartment housing means increased renting costs across the nation. In response to this news, Apartments.com conducted a national survey to more than 3,000 of its January website visitors to find out about their 2012 moving plans, including reasons they are moving, why they are opting to rent versus own property, when they plan to move and which tools they value most during their apartment search. 

Supporting a growing trend, 33.6 percent of respondents looking for an apartment this year said they are previous homeowners (up from 20.5 percent in 2011). From the survey respondents who said they are homeowners looking to rent in 2012, 26.3 percent are doing so because they believe renting is a more affordable option and 21.2 percent prefer the flexibility renting offers in choosing where to live. 

Apartments.com provides the five most popular responses why their website visitors are choosing to rent versus own in 2012: 

- Renting is a more affordable option: (26.3 percent)
- Flexibility to live where I choose: (21.2 percent)
- To relocate for employment: (20.5 percent)
- Cannot afford to keep up with homeownership expenses: (10.5 percent)
- Lost home due to foreclosure and change in marital status: (less than 4 percent each) 

More than 35 percent of respondents indicated they are moving out on their own – whether for the first time or back into their own place – which may be a sign of an improving economy and job market, especially in the rental demographic. Reinforcing that idea is the fact that 23 percent of renters surveyed reported they are relocating for employment opportunities – making that the number one reason for moving in 2012, as it was in 2011. However, the desire to have more space, to save money and to live in a more desirable neighborhood also topped the list. Apartments.com provides the five most popular responses why their website visitors are moving in 2012: 

- Relocating for employment opportunities: (23 percent)
- Looking for a bigger apartment: (11.9 percent)
- Shopping for a less expensive apartment: (11.3 percent)
- Wanting to live in a more desirable neighborhood: (10.6 percent)
- Change in marital status: (8.8 percent)

Published with permission from RISMedia.

]]> According to a new survey from Apartments.com, an increasing number of consumers continue to look toward renting as a viable option in today’s market, considering it to be an affordable, flexible lifestyle choice. This higher demand for apartment housing means increased renting costs across the nation. In response to this news, Apartments.com conducted a national survey to more than 3,000 of its January website visitors to find out about their 2012 moving plans, including reasons they are moving, why they are opting to rent versus own property, when they plan to move and which tools they value most during their apartment search. 

Supporting a growing trend, 33.6 percent of respondents looking for an apartment this year said they are previous homeowners (up from 20.5 percent in 2011). From the survey respondents who said they are homeowners looking to rent in 2012, 26.3 percent are doing so because they believe renting is a more affordable option and 21.2 percent prefer the flexibility renting offers in choosing where to live. 

Apartments.com provides the five most popular responses why their website visitors are choosing to rent versus own in 2012: 

- Renting is a more affordable option: (26.3 percent)
- Flexibility to live where I choose: (21.2 percent)
- To relocate for employment: (20.5 percent)
- Cannot afford to keep up with homeownership expenses: (10.5 percent)
- Lost home due to foreclosure and change in marital status: (less than 4 percent each) 

More than 35 percent of respondents indicated they are moving out on their own – whether for the first time or back into their own place – which may be a sign of an improving economy and job market, especially in the rental demographic. Reinforcing that idea is the fact that 23 percent of renters surveyed reported they are relocating for employment opportunities – making that the number one reason for moving in 2012, as it was in 2011. However, the desire to have more space, to save money and to live in a more desirable neighborhood also topped the list. Apartments.com provides the five most popular responses why their website visitors are moving in 2012: 

- Relocating for employment opportunities: (23 percent)
- Looking for a bigger apartment: (11.9 percent)
- Shopping for a less expensive apartment: (11.3 percent)
- Wanting to live in a more desirable neighborhood: (10.6 percent)
- Change in marital status: (8.8 percent)

Published with permission from RISMedia.

]]> http://inside-real-estate.com/cindyburgess/2012/02/22/survey-reveals-rental-market-outlook/feed/ 1888 Real Estate Career - Part II http://inside-real-estate.com/luckyluecke/2012/02/21/real-estate-career-part-ii/ http://inside-real-estate.com/luckyluecke/2012/02/21/real-estate-career-part-ii/#comments Wed, 22 Feb 2012 03:23:26 +0000 Lucky Luecke http://inside-real-estate.com/luckyluecke/2012/02/21/real-estate-career-part-ii/  Training, education, and resources at Red Realty are second to none in Middle Tennessee.  Red has the Cutting Edge Technology, innovative web site (that generates leads), iPhone apps, Intranet, EMail System, Prefered Builder Program, IDX leads, Boomtown leads, ect., that provide associates with the maximum ability to not only meet but to exceed clients needs.  There are some 40-50 formal, in house training  classes that are offered during the year, at different times of the day and on weekends to accommodate the varying and busy schedule of it's Agents.  Additionally, Nationwide Training Instructors like Coach Burt, Jim Goddard and others are available for training sessions throughout the year, at NO ADDITIONAL CHARGE to Red Realty Affiliates!  Bi-monthly, less formal, but equally as effective MAC Meetings, enable real estate training topics and issues to be addressed in a very timely manner.  Better yet, all of this training is FREE to Affiliates, most often, Instructors are volunteers from Red itself, which further demonstrates and gives real meaning to the selfless nature of our company.  There is also a great deal of talent in house.  Many have demonstrated proficiency and success within the real estate profession as Brokers, others have attained multiple advanced real estate Designations and Awards.  Others are successful Builder/Realtors and others have previously owned and successfully managed their own companies.  Some are Real Estate Investors themselves or have developed large scale Residential and/or Commercial properties, while others work closely with Builders  successfully marketing New Construction or holding office and providing leadership for local Government.  Many Red Realty Agents go well beyond the call by volunteering their time and energy to selflessly assist those in need at their Church or in the Community.  Red Realty Agents also have unsurpassed access to ask questions and receive guidance from their respective Managing Broker.  You might be surprised to know that, that is not always the case elsewhere.  In the rare instances at Red when Broker access might be restricted due to schedule conflicts etc., the Owners, Staff and other Red Agents graciously provide help and assistance whenever possible.  That is teamwork personified.  The formal Mentoring Program which also helps to better ensure that new Affiliate(s) have the necessary skill and knowledge to reach their real estate goals is likely to appeal to others considering a real estate company affiliation change.]]>  Training, education, and resources at Red Realty are second to none in Middle Tennessee.  Red has the Cutting Edge Technology, innovative web site (that generates leads), iPhone apps, Intranet, EMail System, Prefered Builder Program, IDX leads, Boomtown leads, ect., that provide associates with the maximum ability to not only meet but to exceed clients needs.  There are some 40-50 formal, in house training  classes that are offered during the year, at different times of the day and on weekends to accommodate the varying and busy schedule of it's Agents.  Additionally, Nationwide Training Instructors like Coach Burt, Jim Goddard and others are available for training sessions throughout the year, at NO ADDITIONAL CHARGE to Red Realty Affiliates!  Bi-monthly, less formal, but equally as effective MAC Meetings, enable real estate training topics and issues to be addressed in a very timely manner.  Better yet, all of this training is FREE to Affiliates, most often, Instructors are volunteers from Red itself, which further demonstrates and gives real meaning to the selfless nature of our company.  There is also a great deal of talent in house.  Many have demonstrated proficiency and success within the real estate profession as Brokers, others have attained multiple advanced real estate Designations and Awards.  Others are successful Builder/Realtors and others have previously owned and successfully managed their own companies.  Some are Real Estate Investors themselves or have developed large scale Residential and/or Commercial properties, while others work closely with Builders  successfully marketing New Construction or holding office and providing leadership for local Government.  Many Red Realty Agents go well beyond the call by volunteering their time and energy to selflessly assist those in need at their Church or in the Community.  Red Realty Agents also have unsurpassed access to ask questions and receive guidance from their respective Managing Broker.  You might be surprised to know that, that is not always the case elsewhere.  In the rare instances at Red when Broker access might be restricted due to schedule conflicts etc., the Owners, Staff and other Red Agents graciously provide help and assistance whenever possible.  That is teamwork personified.  The formal Mentoring Program which also helps to better ensure that new Affiliate(s) have the necessary skill and knowledge to reach their real estate goals is likely to appeal to others considering a real estate company affiliation change.]]> http://inside-real-estate.com/luckyluecke/2012/02/21/real-estate-career-part-ii/feed/ 1812 Realtor, 8 others charged in mortgage fraud http://inside-real-estate.com/danilobatoon/2012/02/21/realtor-8-others-charged-in-mortgage-fraud/ http://inside-real-estate.com/danilobatoon/2012/02/21/realtor-8-others-charged-in-mortgage-fraud/#comments Wed, 22 Feb 2012 02:08:54 +0000 Dan Batoon http://inside-real-estate.com/danilobatoon/2012/02/21/realtor-8-others-charged-in-mortgage-fraud/ http://inside-real-estate.com/danilobatoon/2012/02/21/realtor-8-others-charged-in-mortgage-fraud/feed/ 2029 Man sent to prison for real estate scam http://inside-real-estate.com/danilobatoon/2012/02/21/man-sent-to-prison-for-real-estate-scam/ http://inside-real-estate.com/danilobatoon/2012/02/21/man-sent-to-prison-for-real-estate-scam/#comments Wed, 22 Feb 2012 02:06:37 +0000 Dan Batoon http://inside-real-estate.com/danilobatoon/2012/02/21/man-sent-to-prison-for-real-estate-scam/ http://inside-real-estate.com/danilobatoon/2012/02/21/man-sent-to-prison-for-real-estate-scam/feed/ 2029 Twin Cities Market Activity Report! http://inside-real-estate.com/bracehelgeson/2012/02/21/twin-cities-market-activity-report-7/ http://inside-real-estate.com/bracehelgeson/2012/02/21/twin-cities-market-activity-report-7/#comments Tue, 21 Feb 2012 23:47:12 +0000 Brace Helgeson http://inside-real-estate.com/bracehelgeson/2012/02/21/twin-cities-market-activity-report-7/ The housing market activity report for the Twin Cities from last week is in.  We saw big numbers in the new home construction sector. The National Association of Homebuilders index reported numbers rose to a level last seen in 2007.  Seeing these levels rise is a good indicator for housing starts. These positive numbers mean that in a few months the residential real estate market may be stronger than we have seen in the past few years. In the Twin Cities region, for the week ending February 11: • New Listings decreased 0.4% to 1,313 • Pending Sales increased 28.9% to 928 • Inventory decreased 23.5% to 17,690 For the month of January: • Median Sales Price decreased 3.4% to $140,000 • Days on Market decreased 8.5% to 142 • Percent of Original List Price Received increased 3.4% to 91.2% • Months Supply of Inventory decreased 34.6% to 4.7 For more detailed reports and graphs of the current Twin Cities home market condition visit the Minneapolis Area Association of Realtors website. If you are looking to buy or sell a home contact me. Our group specializes in Eden Prairie Real Estate, Chanhassen Real Estate, Chaska Real Estate, Lake Minnetonka Real Estate, Edina Real Estate and West Bloomington Real Estate. Brace Helgeson Coldwell Banker Burnet Licensed in Minnesota/Lic # 92065]]> The housing market activity report for the Twin Cities from last week is in.  We saw big numbers in the new home construction sector. The National Association of Homebuilders index reported numbers rose to a level last seen in 2007.  Seeing these levels rise is a good indicator for housing starts. These positive numbers mean that in a few months the residential real estate market may be stronger than we have seen in the past few years. In the Twin Cities region, for the week ending February 11: • New Listings decreased 0.4% to 1,313 • Pending Sales increased 28.9% to 928 • Inventory decreased 23.5% to 17,690 For the month of January: • Median Sales Price decreased 3.4% to $140,000 • Days on Market decreased 8.5% to 142 • Percent of Original List Price Received increased 3.4% to 91.2% • Months Supply of Inventory decreased 34.6% to 4.7 For more detailed reports and graphs of the current Twin Cities home market condition visit the Minneapolis Area Association of Realtors website. If you are looking to buy or sell a home contact me. Our group specializes in Eden Prairie Real Estate, Chanhassen Real Estate, Chaska Real Estate, Lake Minnetonka Real Estate, Edina Real Estate and West Bloomington Real Estate. Brace Helgeson Coldwell Banker Burnet Licensed in Minnesota/Lic # 92065]]> http://inside-real-estate.com/bracehelgeson/2012/02/21/twin-cities-market-activity-report-7/feed/ 1354 2011 Sales in Park City Substantially up From 2010 http://inside-real-estate.com/claudiaklawe/2012/02/21/2011-sales-in-park-city-substantially-up-from-2010/ http://inside-real-estate.com/claudiaklawe/2012/02/21/2011-sales-in-park-city-substantially-up-from-2010/#comments Tue, 21 Feb 2012 22:03:18 +0000 Claudia Klawe http://inside-real-estate.com/claudiaklawe/2012/02/21/2011-sales-in-park-city-substantially-up-from-2010/ http://inside-real-estate.com/claudiaklawe/2012/02/21/2011-sales-in-park-city-substantially-up-from-2010/feed/ 2091 Do You Know How to Avoid the Four Most Common Mistakes Made When Buying a Home? http://inside-real-estate.com/kathylittleton/2012/02/21/do-you-know-how-to-avoid-the-four-most-common-mistakes-made-when-buying-a-home/ http://inside-real-estate.com/kathylittleton/2012/02/21/do-you-know-how-to-avoid-the-four-most-common-mistakes-made-when-buying-a-home/#comments Tue, 21 Feb 2012 20:02:26 +0000 Dick and Kathy Littleton http://inside-real-estate.com/kathylittleton/2012/02/21/do-you-know-how-to-avoid-the-four-most-common-mistakes-made-when-buying-a-home/ Mistake #1: Not Getting Pre-Approved  The biggest mistake made by homebuyers and is the first thing you should do if you plan on buying a new home! How to Prevent: Easy, get pre-approved! By getting pre-approved, you'll be able to search for homes that are affordable for you, while also putting you in a strong negotiation position when you make an offer. Mistake #2: Not Using a Qualified Agent  If you're not sure why you should use a buyer's agent, click here.  Ask friends, family or your loan officer for recommendations of who to use. How to Recover:   It's never too late to get an agent, even if you're already at contract, they can help with all the legal and negotiation aspects. Mistake #3: Not Getting a Thorough Inspection Getting a thorough inspection is the only way you'll know you have real knowledge about the house. How to Prevent: Hire a licensed home inspector.  They take the emotion out of inspecting a home and give you a real, critique about the home you're thinking to purchase. How to Recover: If you didn't hire a home inspector, try to get a good home warranty in case any issues do arise in the future. Mistake #4: Focusing on Wants, Not Needs This mistake is usually made by first-time homebuyers, but can happen to even the most experienced homeowner. How to Prevent: Make a list of must-haves and refer to it when you're house hunting.  Make sure it is a list of NEEDS not WANTS. How to Recover: If you're in negotiations and realize you made this mistake, try using provisions of contract to either get our of the deal or fix the issues before you close. Article provided by Ricardo Brasil]]> Mistake #1: Not Getting Pre-Approved  The biggest mistake made by homebuyers and is the first thing you should do if you plan on buying a new home! How to Prevent: Easy, get pre-approved! By getting pre-approved, you'll be able to search for homes that are affordable for you, while also putting you in a strong negotiation position when you make an offer. Mistake #2: Not Using a Qualified Agent  If you're not sure why you should use a buyer's agent, click here.  Ask friends, family or your loan officer for recommendations of who to use. How to Recover:   It's never too late to get an agent, even if you're already at contract, they can help with all the legal and negotiation aspects. Mistake #3: Not Getting a Thorough Inspection Getting a thorough inspection is the only way you'll know you have real knowledge about the house. How to Prevent: Hire a licensed home inspector.  They take the emotion out of inspecting a home and give you a real, critique about the home you're thinking to purchase. How to Recover: If you didn't hire a home inspector, try to get a good home warranty in case any issues do arise in the future. Mistake #4: Focusing on Wants, Not Needs This mistake is usually made by first-time homebuyers, but can happen to even the most experienced homeowner. How to Prevent: Make a list of must-haves and refer to it when you're house hunting.  Make sure it is a list of NEEDS not WANTS. How to Recover: If you're in negotiations and realize you made this mistake, try using provisions of contract to either get our of the deal or fix the issues before you close. Article provided by Ricardo Brasil]]> http://inside-real-estate.com/kathylittleton/2012/02/21/do-you-know-how-to-avoid-the-four-most-common-mistakes-made-when-buying-a-home/feed/ 1767 Are foreclosures easing in San Diego County? http://inside-real-estate.com/danilobatoon/2012/02/21/are-foreclosures-easing-in-san-diego-county/ http://inside-real-estate.com/danilobatoon/2012/02/21/are-foreclosures-easing-in-san-diego-county/#comments Tue, 21 Feb 2012 19:33:58 +0000 Dan Batoon http://inside-real-estate.com/danilobatoon/2012/02/21/are-foreclosures-easing-in-san-diego-county/ http://inside-real-estate.com/danilobatoon/2012/02/21/are-foreclosures-easing-in-san-diego-county/feed/ 2029