Introducing our new Free Real Estate Dictionary full of definitions and examples of common real estate terms.
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Distressed real estate has become a big business. Many people are looking to capitalize on people who are uneducated. Be careful when seeking help. If you are delinquent or behind on your mortgage, read this quick article before you do anything. 
Banks pulled one of the greatest magic tricks of all time. They made millions of Bank Owned REOs disappear. We all know that all great magicians make things re-appear afterwards. It seems that the banks are about to make the REOs re-appear now. 
What would happen if local governments started seizing homes by eminent domain due to borrower delinquency? What kind of precedent would this set? Is it good or bad for stabilizing the housing market; or should we leave the market alone and let natural forces take over? 
As a Realtor, it’s not uncommon to hear a price objection from a Buyer when visiting homes. “It’s too expensive,” “out of my price range” and “more than I’m looking to spend” are some of the most common objections a Realtor can hear about a particular house when working with Buyers. So what exactly does that mean? How is a Realtor supposed to respond? What would you say? 
We’re all humans, and humans make mistakes. That’s just a fact of life. Unfortunately, when mistakes happen, they are often costly. Therefore, we owe it to ourselves to mitigate mistakes as best we can. We’ve written about all kinds of mistakes people make in real estate. Here is our list of the top 10 mistakes people make when dealing with real estate and real estate transactions. 
In the past thirty two years, I have bought and sold four homes. Life experience is a wonderful teacher. When selling a home, the # 1 priority is marketing your property. One option is to list your home with a professional Realtor. Ask your friends and neighbors who they recommend and/or pick up the phone and call Realtors who advertise in your area. Set up interviews at your home so that the Realtor can view the property and have the opportunity to meet with you. Guest blog by Debi Drecksler, a Writer in Candler, NC 
When you buy a home, one of the most important things you should do is to check on statuses of permits for anything that looks to be an addition or a major modification to the home. For example, room additions, garage additions, bathroom additions, major remodels, adding a guest house or building a second story above the garage all must be permitted by the city. 
The State of California is currently working on passing a Homeowner Bill of Rights. Monday 7/2/2012 the State Senate and Assembly took a big step towards getting this passed as a bill. “The Assembly, by a vote of 53 to 25, and Senate, 24 to 13, approved the Foreclosure Reduction Act”. This Act aims to help homeowners who are still struggling with homeownership. One of the most impactful things the act does is to limit the bank/lender options of foreclosure while they are exploring options such as principal reductions or loan modifications. 
We often talk about the How To’s of homeownership, but today we’re going to talk about the Why’s of homeownership. There are many benefits to being a property owner. Some might be obvious to you, others might not. Take a look at the list below and let us know in the comments section any benefits of being a homeowner that we might have missed. |
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