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Friday, January 21, 2011

The Case For Expired and FSBO Listings

As a seller of Real Estate, this article describes the quality of agent I work with and can refer without reservation to help you sell your home (in case your listing has recently expired or you are attempting to sell your home FSBO).

The agents who I work with and recommend are simply the best salespeople in the real estate industry (as stated below in this great article).  Call me if you are a seller who needs help and a referral to a Realtor I trust implicitly and would wholeheartedly recommend. 

If you are a Realtor, enjoy this great article which talks about the dollar value of working with Expired and FSBO sellers!  :)

The Case for Expired and FSBO Listings

If you’ve been in the real estate business for any time at all, you’ve probably already sensed that many agents have a preconceived negative impression of expired listings and for-sale-by-owner or FSBO listings. They act as if these listings represent second-hand goods not worthy of an agent’s interest and ability.

They can also look down on agents who do work them as being beneath them. As a result, they turn their backs on tremendous revenue potential and literally thousands of annual listings. That’s great news for agents like you who can reap great success by converting expireds and FSBOs to new listings for your business.

I’d go so far as to make this bold statement: I honestly believe that agents who work or have worked expireds and FSBOs with successful outcomes are the best salespeople in the real estate industry.

Thursday, January 20, 2011

Locate HUD-approved housing counseling

For the vast majority of programs Private Mortgage Insurance companies offer insurance for (on Conventional Loans), borrowers are no longer required to undergo pre-purchase counseling.

However, I understand that many home buyers may still find such counseling useful, and studies show that loans to borrowers who have taken 8 hours of face-to-face home buyer education perform better -- a benefit to both lenders and borrowers.

To help locate a community organization that may offer prospective home buyer education, here is a website which provides information regarding HUD-approved housing counseling agencies throughout the country. 

Find Homebuyer Education in your area today!

Tuesday, January 18, 2011

FHA Suspends 90 Day Flipping Rule for 12 Months

HOUSING: Feds suspend anti-flipping rule

On Feb. 1, the Federal Housing Administration will place a one-year moratorium on its anti-flipping rule, which will allow buyers with FHA-backed loans to purchase homes that have been held for less than 90 days, officials said Friday.
The move will open a new pool of homes to first-time homebuyers who have been losing bids to cash buyers, but shouldn't have much effect on home prices, analysts said.