July 8th, 2010 at 01:54am Under Health
Estate Planning System… Legally Keeps Every Dollar Of Your Wealth In The Family, Instead Of Losing It To The Irs.
Secrets Of Winning The Estate Tax Game.
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June 11th, 2010 at 06:16pm Under Home & Family
Rj Real Estate = $$$.
Rich Jerk Real Estate.
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June 4th, 2010 at 10:57am Under Home & Family
Facebook, Twitter, Active Rain & Wordpress Blogging Strategies To Generate New Leads For Your Real Estate & Mortgage Business.
Social Media Marketing For Real Estate & Mortgage.
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June 3rd, 2010 at 01:41pm Under Home & Family
Discover The Secrets Of Building A High Net Worth With Real Estate Using Shared Appreciate Mortgage In This EBook.
Real Estate Shared Appreciate Mortgage EBook.
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June 2nd, 2010 at 04:26pm Under Home & Family
How Anyone, With Any Credit Can Get Any Mortgage Fast & Easy! Get Any Loan With Bad Credit: Mortgages, Home Loans And More!
Mortgage Secrets Exposed – Real Estate.
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June 2nd, 2010 at 11:07am Under Home & Family
Fancy Getting Your Monthly Niche Articles And Content For Your Online Real Estate & Mortgage Website & Blog Without Paying Monthly Recurring Membership Fees? Now You Can !
Monthly Private Label Rights Real Estate & Mortgage Articles.
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June 1st, 2010 at 08:33am Under Home & Family
There is good news for everybody, it appears that the real estate market (which is the catalyst of the current downturn) is nearing a bottom. It has to bottom at some point, economies and markets are cyclical after all. Granted this downturn is worse than most, we still have been through this before and we will get through this one. The fact that this one is relatively worse simply means that the relative opportunity is better. There are amazing deals waiting to happen out there!
A notorious bear Dr. Mark Zandi the chief economist of Moody’s Economy.com said “the bottom of the housing downturn is in sight for the nation.” When bearish economists and media pundits are saying that the bottom is near, the bottom is near. Much of the issue with recessions and downturns is that it is a lot of psychology. When day after day Americans hear record foreclosure rates, and home values plunging then of course it is going to get worse. We stop spending and start saving which is simply a consequence (neither good or bad) of living in a consumer oriented economy.
However, we are not only hearing good news but numbers associated with the real estate market are trending upward too. For example in Utah during the last half of 2008 the average number of days a home had been on the market was about 100. In January of 2009 the average number of days a home had been on the market decreased to about 75. Thus, indicating that buyers are slowly coming back to the market because the inventory of unsold Utah homes is decreasing. After speaking with a friend who is a Utah Real Estate Agent with Keller Williams, I am starting to see the turn around first hand as he is starting to get busy and has some deals under contract.
On a national level home prices are leveling off and some of the hardest hit markets are showing relative positive indicators month to month. The Charlotte Observer wrote a piece titled: “Investors targeting bargain real estate.” Again this is very good news as investors will get back into the real estate market before the average home buyer. Investors are looking to take risk in return for reward, average home buyers are typically looking for security.
In Lieu of these recent trends, now is a very fortuitous time to buy a home and with the consumer psychological outlook improving with each positive bit of news it is becoming safer to buy. On top of this we have the stimulus plan which will improve sentiments among buyers. We are also experiencing historically low mortgage rates which will encourage home purchases.
I encourage anyone in a position to purchase a home but waiting out of fear of the market, to stop waiting. Nobody ever accurately predicts when markets bottom. If you wait too long you will have more buyers or competition going after your dream home and you could miss out on the real estate opportunity of a lifetime! Any buyers or sellers in Utah feel free to contact my friend Ron Thurber with any questions 801-860-2049 or visit his website www.utahagent.org and send him an email.
Ron Thurber with Keller Williams of Utah.
Utah Realtor with 11 years experience.
www.utahagent.org
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May 31st, 2010 at 04:36pm Under Home & Family
Finance in America has a long history of criminalsâmen and women who use deception to turn profits. Today that seems especially apparent, with headlines routinely announcing one swindle after another. Paranoia and distrust from this news is sewn into the publicâs mindset. Couple that with an unstable economy and a grim financial situation emerges.
The real estate market in the past 10 years had had an important role in developing these trends. The current state of the economy is largely due to the subprime mortgage crisis. Itâs understandable then if homebuyers want to know more about realtors.
Transparency is a positive thing in business. It allows involved parties to understand and accept anotherâs motivation and goals. It fosters stronger relationships and develops lasting success. But business also employs cloak and dagger tactics. Nobody wants to give away too much information. Nor do they want to appear vulnerable, greedy, naïve or overzealous. In this regard, transparency is anathema to business.
Real estate, for most part, involves a buyer and a seller. Letâs focus on residential property. A buyer contacts a realtor and expresses interest in a home. The realtor describes the home, shows it, and works with the buyer. Easy, right?
The buyer understands the realtor is trying to sell him something. It is a conditional agreement that when a realtor shows a home he is trying to sell it. The buyer knows this, listens to the realtor, looks at the home, and then decides.
The realtor makes money from a sale. Itâs no surprise, then, that realtors work hard to sell property. The trouble starts when bonuses and financial incentives motivate realtors to distort the facts. If a realtor has an incentive to sell a home for a price that he knows the homes is not worth, chances are, especially in a difficult market, that heâll do it. This makes potential buyers suspicious. And it spurs action.
In Charlotte, realtors were recently pressed to allow buyers access to their financial interests in selling a home.
The Charlotte Observer ran an article.
“We want to go over and look at it again,” said commission member Marsha Jordan, owner of Apple Realty in Lincolnton, speaking of the rule.
Jordan said colleagues around the state had expressed concern about having to reveal to clients what they make beyond the standard commission that’s recorded on a buyer’s agency agreement.
She and commission chairman Skip Alston, owner of a Greensboro real estate company, denied that the nine-member commission, which is made up mostly of real estate professionals, was putting their colleagues interests’ ahead of consumers.
Itâs plain to see people are wary. The best way to promote better relationships between realtors and buyers is transparency. When a buyer understands where a sellerâs motivations are, he feels more comfortable with the experience. But at the end of the day, buyers and sellers need to recognize that real estate is a business, and people are trying to make money.
American history is full of financial criminals. It is also full of trustworthy business people. Itâs time to flush out the criminals and focus on developing a healthy economy through hard work and trust.
Michael Russell writes about a variety of subjects, including real estate, environmentalism and architecture. This article discusses real estate in Charlotte. To learn more about Charlotte real estate, visit the Real Estate Book.
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