Archive for September, 2007

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Tougher Regulations In Store For California Real Estate Agents

Not that it is such a high hurdle that you would expect someone who you are trusting with your financial future to clear, but the California Association of Realtors and the California State House have made a token effort to tighten up the criteria for attaining ones real estate license.
Now instead of attaining a [...]

30Sep2007 | Tom Royce | 6 comments | Continued
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Selling the Unsellable Home – With Pictures

Michael Baden is a kindred soul as he is willing to take on the impossible just to see what happens. A real estate agent in the Phoenix, Arizona region he has taken on the impossible home to sell, a 150,000 dollar fixer upper (which only a real estate agent could call a fixer upper) in the most disreputable [...]

30Sep2007 | Tom Royce | 3 comments | Continued
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Buying Foreclosures Takes Due Diligence

This is a very good quote from the New York Times on buying foreclosures. If you are good at it and do your due diligence there are great profits to be made. But if you are an amateur or just throwing money at properties without understanding the history and condition of each property there are [...]

29Sep2007 | Tom Royce | 0 comments | Continued
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Want To Save Your Home From Foreclosure? Experts Say Get Help Quickly

If you are looking to save your home from foreclosure the trick is to get help quickly according to a study done by the Consumer Credit Counseling Service of Greater Atlanta. While many think that once they get behind on their payments their home is gone that really does not have to be the case. [...]

29Sep2007 | Tom Royce | 1 comment | Continued
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It’s The Psychology, Stupid…

Mary Umberger of the Chicago Tribune nails the housing market with the line, “it’s the psychology, stupid.” The economy is still moving ahead, the dollar is weak allowing international buyers bargains getting into the market, and interest rates are low.
But the buyers and sellers can not make a deal. Sellers are holding out for [...]

28Sep2007 | Tom Royce | 4 comments | Continued
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Top 10 Least Expensive Markets For “Average Home” in 2007

Yesterday we published the list of the Top 10 Most Expensive Markets for an average home, today we are going to cover the least expensive markets in the country.
The average home in this survey by Caldwell Banker is 2,200 square feet with 4 bedrooms, 2 1/2 baths, a family room, and a 2 car garage. [...]

27Sep2007 | Tom Royce | 3 comments | Continued
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Foxtons Shutting Down, The Early Low Commission Brokerage Dies In the Slump

Foxtons was one of the early innovators in the low commission real estate model and focused on the high priced New Jersey bedroom communities. They offered a 2 percent commission to sellers and their agents were on salary, not commission.
The company struggled even in the heart of the boom as other agents did not want [...]

27Sep2007 | Tom Royce | 4 comments | Continued
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University of Alabama Gets New Head of Real Estate Center and Changes Focus

While this story is fairly parochial, I chose it because it also is illustrating a very important trend in real estate. Real estate sales is traditionally a second career for many. The average Realtor is over 40 and has a great deal of experience in another field.
But there is a new emphasis on real [...]

27Sep2007 | Tom Royce | 1 comment | Continued
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Top 10 Most Expensive Markets For “Average Home” in 2007

If you are looking to buy the average home in the United States, these are the most expensive markets. The average home in this survey by Caldwell Banker is 2,200 square feet with 4 bedrooms, 2 1/2 baths, a family room, and a 2 car garage.
Looking over the list, California has 8 of the top [...]

26Sep2007 | Tom Royce | 3 comments | Continued
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IntoTheBox.TV – All About New York City Real Estate With a Twist

I was just emailed about a new site, IntoTheBox.tv, that was actually enjoyable to watch. The video they have up today features Rachel Natalie Klein who gave a perky description of what constitutes a New York apartment versus a New York Crack Den.
It is fun to learn something new each day…

26Sep2007 | Tom Royce | 1 comment | Continued
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