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OJ Simpson, the Real Estate Market and You
2007-09-17 00:00:00
What does OJ Simpson have to do with the real estate market? Absolutely nothing, but I just wanted to get your attention. In the current real estate market, it's all about getting the attention. Let me tell you a quick story. I had an investor friend of mine, who had purchased a home in Riverside, California around December of 2006. His intention was to bring it up to code and then sell for a $40,000 net profit after costs. Due to unforeseen, circumstances, he took longer than his usual 2... To read the entire article, click on the title link above.
More About: Estate , Real Estate , Real Estate Market , Market

How to Lower The Risk of Your Deal From Falling Apart
2007-06-10 00:00:00
The guys over at Lending Clarity have posted an informative five-part series on the what to do to minimize your deal from falling apart. Part One Part Two Part Three Part Four Part Five To read the entire article, click on the title link above.
More About: Deal , Risk , Lower , Lowe , Fall

The Reality of Rehabbing
2007-06-08 00:00:00
Reality shows most often than not are not reality and that rings true for real estate reality shows like Flip This House from A&E. By now you have probably heard about the trouble's A&E is having with one of it's flippers (or is it floppers?), Sam Mr. Leccima . It has been alleged that Mr. Leccima has not been as honest as he has been portrayed. According to Fox News Atlanta, Mr. Leccima and A&E have duped the public into thinking the homes that were featured were actually fixed and sold in... To read the entire article, click on the title link above.
More About: Reality , Bing , Ality

Fix This House? No. Fix This Show
2007-06-07 00:00:00
I'm sure by now you have heard about the recent troubles of Atlanta businessman Sam Leccima and A&E"s Flip This House . It seems that Mr. Leccima has been scamming the both the viewing public and allegedly A&E as well. Some of the alleged hoaxes were that Mr. Leccima: Did a poor job of fixing the propertiesDid not sell the homes as advertisedUsed his friends a stand-ins for potential buyers. You can view the entire news story here at the Fox News-Atlanta website. The truth is that this... To read the entire article, click on the title link above.
More About: Show , Ouse

Beaten to the Punch-Again!!
2007-06-07 00:00:00
Those of you who read this blog, have heard me rant about how most real estate agents do not understand the differences of working with typical client and a real estate investor. I've tried to give advice here and there, but Chris Smith at Equity Scout has taken the words right out of my mouth. In one post he pretty much summarized what I have been trying to do in three months. Oh well... I am not ashamed to give credit where credit is due. Chris has done an excellent job in creating a... To read the entire article, click on the title link above.
More About: Beat , Punch , The Punch

Speculating Is Not Really Investing
2007-06-07 00:00:00
Chris Smith, at Equity Scout has written a wonderful piece comparing real estate investors to real estate speculators. For those of you who have the experience, can you tell the difference when acquiring clients who are interested in investing? How about you newbies, can you tell who is headed for trouble and who will make money? If you can't print out the table, Chris has created and keep it in front of you as sort of a cheat sheet. Happy selling..... To read the entire article, click on the title link above.
More About: Investing , Invest , Really , Ally

It's Just Not the Sellers. It's the Real Estate Agents Too.
2007-06-07 00:00:00
May was a productive month for me. I took care of some lingering issues that had been going on with my multi-family property and I saw around 15 potential profitable deals go by the wayside. Now don't feel sorry for me. In fact I am quite happy it happened this way because I am beginning to hone my skills in working with real estate agents. At first I thought the problem was the sellers. I thought they were expecting too much out of the current market. But you know, some of the problems... To read the entire article, click on the title link above.
More About: Estate , Real Estate , Agents , Real , Sellers

Thirty Traffic Generation Tips
2007-05-02 00:00:00
Since blogs are big in the real estate world, I decided to post useful tips from the guys over at Daily Blog tips. Now, without further delay, the Thirty Traffic Gene ra tion Tips Keep track of blogs and leave comments on them. A good way to keep the conversation going is to install a MyBlogLog widget and visit the blog of people visiting your site.Nothing creates long-term traffic more than value. Consider writing posts with resources or explaining how things work. Useful things get linked to... To read the entire article, click on the title link above.
More About: Generation

I Wonder If This Is The New Zillow?
2007-05-02 00:00:00
Berg Properties a Chicago, Illinois real estate company now offers interactive market trends graphs for homebuyers in the Chicago area. Like Zillow , I am sure there may be inherent errors in the system, but it's still a good tool for anyone who wants to better determine current real estate market conditions. The trends that are tracked are: average days on marketmedian pricemedian inventorymediaan price per square foot. The data is provided by a third-party service that scours the Internet... To read the entire article, click on the title link above.
More About: Wonder , I Wonder

Realty Times-NAR's Second Homes Report Shows Investors, Others Still Buying
2007-05-02 00:00:00
Editor's Note-While I'm pleasantly surprised to read the results of the NAR report, I still believe there will be a bumpy road ahead in real estate. Not surprisingly, the National Association of Realtors' annual Investment and Vacation Home Buyers Survey showed that homes purchased for investment or perhaps speculation slowed in 2006, but eyebrows may bolt upwards upon hearing that second home purchases set a new record -- up from 2005, what many call the end of the so-called housing... To read the entire article, click on the title link above.
More About: Buying , Report , Second , Homes , Stil

Do You Email New Listings To Fellow Realtors?
2007-05-01 00:00:00
Editor's Note-Good marketing tip from Jim Mazziotti of Exit Real ty in Bend, Oregon Fellow Realtor s ....I need your help. You see, I am a Principal Broker and Owner of a real estate company in Bend, Oregon. I am constantly working for my clients to make sure that their listing with me receives the very best EXPOSURE possible. I use the traditional methods to "get the word out" on every one of my listings....and the one I value the most is the very one who is actually working hard to STOP ME... To read the entire article, click on the title link above.
More About: Email , Listings

Loan Fraud, Lease-Options and a Lawsuit
2007-05-01 00:00:00
A three-month long investigation by television station KCRA 3 out of Sacramento, California has uncovered millions of dollars of fraud. A retired Sacramento woman, along with seven others is accusing VFM Investing Group, Freedom Capital Mortgage and real estate agent Jennifer Huang into duping them into buying home, which they could in turn lease options. The plaintiffs were to purchase homes and the defendants would then provide the "pre-screened and pre-qualified" tenants. The plaintiffs... To read the entire article, click on the title link above.
More About: Fraud , Lawsuit , Loan , Options , Frau

Do You Work With Real Estate Investors or Real Estate Speculators?
2007-05-01 00:00:00
I was reading the Active Rain Real Estate Network, like I often do and happened to read the Marketing REO Properties... Why Bother?! post from an agent out of Wichita, Kansas. The author basically stated that she marketed REO properties the same way as a regular listing and had found success. It was generally a good post. The comments though were another story. Phyllis Mathouser out of Exterer, New Hampshire wrote: I have my first REO listing and although I treat it just like my other... To read the entire article, click on the title link above.
More About: Real Estate , Work , State , Stor

Why Every Agent Should Be Like Mike
2007-04-28 00:00:00
The true measure of a great real estate agent comes not from how many sales he closes, but from how many he doesn't. Now before the you-know-what hits the proverbial fan let me explain. I have been contemplating investing in my backyard for sometime now. The area is fairly new and there is an abundance of inventory. As a matter of fact there are plenty of homes that have been listed for more than 100 days. Though I have been investing since 1998, I have never invested in a down market and I... To read the entire article, click on the title link above.
More About: Agent , Mike , Ever , Should , Like

Marketing Tip-Do You Know What Your Prospect to Customer Ratio Is?
2007-04-27 00:00:00
How Many Prospects Does It Take To Generate One New Client? Every real estate agent or any business for that matter has a conversion ratio. The conversion ratio refers to the percentage of prospects who become your customers. If your marketing skills are astronomical you may have a 2:1 ratio. (In other words it takes two prospects to generate one new customer) Or you may have a 50:1 or even a 500:1 ratio. It's hard to predict what your specific ratio will be, since the ratio depends on many... To read the entire article, click on the title link above.
More About: Marketing , Customer , Now What , Know , Mark

Take A Ride on The Real Estate Roller Coaster
2007-04-27 00:00:00
The guys over at Speculative Bubble have created a virtual roller coaster of the road we have taken in house prices. The prices are adjusted for inflation. It's worth hanging on until the end to realize just how big a drop the market can take. This graph here is even more telling. Good Work! To read the entire article, click on the title link above.
More About: Estate , Real Estate , Ride , State , Real

After Spending Big to Strike It Rich, Some Speculators Coming Up Broke as M
2007-04-27 00:00:00
Editor's Note: I wrote about Casey Serin a few weeks ago. His story is not uncommon among real estate speculators. Learn from it and steer your clients away from making the wrong decision. Sacramento, Calif., not far from where prospectors sought quick riches in the gold rush more than a century ago, another speculative boom is going bust. This time, however, it's not the lure of precious metals ? it's real estate. "The market was hot, and I decided to give it a shot," said Casey Serin, a... To read the entire article, click on the title link above.
More About: Rich , Spending , Ending , After , Strike

Targeting 100 Plus Market-Part 2
2007-04-27 00:00:00
Editor's Note-I promised this article on Sunday, but things have been a bit hectic. According to Zip Realty, there are over 668 homes for sale in my zip code. Out of those 688, Redfin says there are roughly 100 that have been listed for over 100 days. Things aren't moving as fast as they used to. My next door neighbor who has listed his home for over 100 days, has just dropped the price from $599,000 to $500,000. They want to move out of state and they are desperate to sell. Things are... To read the entire article, click on the title link above.
More About: Market , Part , Target , Plus , Mark

The Dow Jones Breaks All Records and It's Time For Real Estate Agents to Ce
2007-04-27 00:00:00
Today the Dow Jones industrial average rose past 13,000 for the first time in its history and now its time to celebrate. Why? Think about it. All the real estate speculators who migrated to real estate after the last bear market are now going to begin to speculate on stocks rather than real estate. The herd has just thinned itself out. I know you may lose some clients, but you would have lost them anyway. If they were speculators rather than investors, then they are more than likely losing... To read the entire article, click on the title link above.
More About: Estate , Real Estate , Agents , Time

The Housing Bubble Blog-We Have To Pay The Price For The Great Gains
2007-04-23 00:00:00
The Press Enterprise reports from California. ?Inland home foreclosures this year have increased more than ninefold over the same period a year ago, driven by flat appreciation and sagging home sales. Ana Ibarra and her husband, Guillermo Macias, adore their five-bedroom house in a new tract of executive-style homes in north Fontana.? ?But Ibarra said the couple doesn?t have enough money to furnish the house. Ibarra said she and Macias, a 30-year-old commercial plumber, together earn about... To read the entire article, click on the title link above.
More About: Housing Bubble , Blog , Great , Housing , Price

Targeting the 100 Plus Market
2007-04-23 00:00:00
I've never invested in a down market. I was lucky enough to began my real estate ventures nearly 10 years ago. I was in my late 20's and I purchased a 2 bedroom with 2 full bathrooms in Long Beach California. The condo was a REO property and I picked it up for a measly $60,000. Long Beach was just starting to come out of the real estate crash of the early 90's and I was a naive young investor. That same condo would be listed for nearly $300,000 today. Little did I know that within a year the... To read the entire article, click on the title link above.
More About: Market , Target , Plus , Mark , Targeting

Branding is for McDonald's Not For Agents
2007-04-22 00:00:00
Branding is for McDonald 's Not For Agents Most agents have a limited marketing budget and must maximize every marketing dollar to ensure that every dollar you spent will bring back more money in return. The "What is Your Brand" article over at Realty Times seems to think differently. The author states that "we must spend our time and money developing and maintaining" your brand just like the masters Nike and McDonald's. This is just plain wrong. Nike and McDonald's have millions of dollars... To read the entire article, click on the title link above. Thank you for reading my post.
More About: Branding , Brand , Gent

Broker Agent News-The Sub-Prime Crisis and How it Affects You - Part One
2007-04-22 00:00:00
Have you seen the headlines? Top national news story a few week's ago: New Century Financial Corp., the second largest sub-prime mortgage lender, is broke. They can't pay the creditors who are demanding money and rumor is that we'll be hearing about bankruptcy soon. Even the New York Stock Exchange has suspended trading for the company, once a giant among lenders. It finally happened. The sub-prime market was being pushed to its edge for months - by lenders with unethical predatory tactics -... To read the entire article, click on the title link above. Thank you for reading my post.
More About: News , Agent , Part , Broker , Crisis

Don't Let Your Clients Fall Prey to the Gurus
2007-04-21 00:00:00
You just never know what you find on the Internet. And in the case of this article by Dominate Preforeclosures , the stuff you find is basically worthless. For instance the author claims that he made over $50,000 dollars in five weeks by buying a home from a couple who was in financial trouble. After negotiating to buy the home for $145,000, the author was able to secure a loan from a private lender for $175,000. After rehabbing the property, he was able to sell it in two days for $230,000... To read the entire article, click on the title link above. Thank you for reading my post.
More About: Your , Clients , Gurus , Fall , Guru

The Number of Real Estate Agents is Shrinking: Will You Be Among the Those
2007-04-17 00:00:00
According to Inman News, the membership in the National Association of Realtors will drop after nine consecutive years of growth. Some of the industry welcome the news since they feel that fewer agents is better for the industry. Glenn Dorfman the COO of the Minnesota Association of Realtors told members that the field was overcrowded. "When the number of agents chasing transactions outnumbers the available resources two things happen: the price of the service falls as people discount rates... To read the entire article, click on the title link above. Thank you for reading my post.
More About: Agent , Estate , Real Estate , Agents , Real Estate Agent

Broker Agent News Ranks the Top 12 Lead Generating Sources
2007-04-17 00:00:00
Broker Agent News just ranked the 12 different sources of leads in order of importance. Not suprisingly contacting past clients came in at number one. Since past client basically buy a home every 5-7 years, why not make your past clients investors who buy 5-7 properties per year? Read more... To read the entire article, click on the title link above. Thank you for reading my post.
More About: Rank , Source , Genera

The Ultimate Niche Continued-Building Your Business by Targeting Baby Boome
2007-04-17 00:00:00
Last week I wrote about marketing to those baby boomers who did not have enough money to retire and wanted to include real estate to supplement their retirement portfolio. Well if you're still not convinced check out Jeff Brown's website. Jeff is areal estate agent out of San Diego, California and he has put together a marketing plan that is exactly what I I have talked about. His blog includes case studies, podcasts and several other resources to convince a prospect that real estate is a... To read the entire article, click on the title link above. Thank you for reading my post.
More About: Business , Baby , Building , Your , Mate

I'm Going Back to Investing-Part 2
2007-04-17 00:00:00
By the summer of 2006, I was thoroughly frustrated with this building. I had become emotionally attached not only to the investment, but to the tenants as well. It was normal for me to let the rent due date slip if the had issues, because I knew they would eventually pay up. In essence, I became less of a landlord and more of a caretaker. I put the property up for sale that summer knowing full well that it was probable that I would lose some money after all expenses. Well my hunches were... To read the entire article, click on the title link above. Thank you for reading my post.
More About: Investing , Back , Vest , Part , Sting

Buyer's Market Strategy for the California Foreclosure Market
2007-04-17 00:00:00
Mortgage lenders filed 46,760 notices of default from January through March, marking an increase of 23.1 percent from the previous quarter and 148 percent from the year-earlier period, according to a report by DataQuick Information Systems, a real estate information service. As I read this article from CNN Money, I started thinking about something that I read over a year ago in Ward Hannigan's Foreclosure Forum website. Ward give tips on how to invest in foreclosures during a buyer's market.... To read the entire article, click on the title link above. Thank you for reading my post.
More About: California , Market , Strategy , Buyer

Wrong Ways to Invest in Real Estate
2007-04-17 00:00:00
With real estate showing signs of a rebound, investing in real property becomes more popular. Like any other endeavor, there's a right way and a wrong way to go about it. Here's a look at seven lethal missteps investors often take: 1. Planning as you go. Andy Heller, co-author of "Buy Even Lower: The Regular People's Guide to Real Estate Riches," says the lack of a plan is the biggest mistake he sees new investors make. Buying a house and then figuring out what to do with it is working... To read the entire article, click on the title link above. Thank you for reading my post.
More About: Real Estate , Vest , State