Will Realtors Go Away Like Travel Industry Agents?
Alike in some ways, agents are helping the consumer with personal plans and while travel/vacations have pieces/parts; flight, car, hotel, etc… like RE transactions have pieces/parts; staging, marketing, photos, finding the house, getting the right financing, title, negotiations, etc… A vacation might be $5000+ vs. real estate transactions often exceeds $500,000 and ONE simple oversight [...]
Read more from this Article »Do real estate agents prefer buyers or sellers?
Teaching real estate classes to experienced agents affords me the opportunity to gain further insight into how agents approach their job. A question I like to ask provides provides an interesting perspective on how agents view buyers and sellers. The question was, “When you look at your email in the morning and you have a message from a [...]
Read more from this Article »Cyber Home-Shopping Sink Holes
December 1, 2010 by Angela Murphy, Partner, Revealty
The Internet is a great tool for finding the best deals on many things we buy. But, can you really find a steal of a deal on the house of your dreams online?
The NAR, National Association of Realtors, states over 90% of homebuyers use the Internet to research [...]
Local Home Values Buck National Trend
There are so many reasons why local news and statistics are more relevant than the national ones. This recent article from the Columbus Board of Realtors indicates local home values increasing. Just like the national information, the local information is different from area to area. The lesson is to have someone with access to the [...]
Read more from this Article »Home values continue to rise in September
Here is the lastest housing market update from the Columbus Board of Realtors.
Read more from this Article »If short selling a home do you still owe the bank the money?
The answer is most likely yes. A seller who is selling a home as a short sale, which is when a home sells for less then the mortgage owed, needs the bank to release the mortgage to sell the home. The mortgage is simply the security instrument protecting the banks interest in the home. But this dosen’t [...]
Read more from this Article »September home stats for Columbus and central Ohio
Below is the most current press release from the Columbus Board of Realtors on the housing market for central Ohio. Being politically correct they start off with the good news which is homes values have risen for central Ohio and that inventories of homes for sale are down from last year. Both of these are [...]
Read more from this Article »Foreclosure debacle explained
1. What is robo-signing is, and what all the fuss is about? The phrase robo-signing refers to what we’re now realizing has been a very common practice in the banks’ foreclosure document processing divisions, where one person was essentially given the job of signing as many 10,000 foreclosure documents per month, by hand. [...]
Read more from this Article »August home sales stats released: Home sales down, but prices up
Posted: 9/23/2010
Columbus Board of REALTORS®
Central Ohio home sales last month were down from the previous year but the average sale price of a home sold is again on the upswing. The 1,605 homes sold in August was 19.5 percent lower than the previous year, but thanks to the tax credit earlier this year, sales are [...]
Don’t Skip The Inspection On Bank-Owned Properties
I recently went through a home inspection with my buyer on a bank-owned property. The property was being sold as-is, with the inspection solely to satisfy the buyers curiosity and at the buyers discretion. To every one’s surprise, a large nest was found in the attic.
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