Long Island Real Estate Appraisers

Topic Page | Selling Real Estate

The Obtusely Obvious Advice of the NYT

housing-marketing-moving-at-a-snails-pace

So the new breaking news from the NYT is that 79% of the mortgages that were closed in 2011 were refinances. That would make sense, wouldn’t it?  I mean, there is very little selling and the economy is on life support so how else could there have been originations? Not to mention the fact that […]

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Sometimes a Short Sale Pays

short-sale-exchange

Many lenders are beginning to realize that it makes far more sense to allow a Shortsale and even to pay for one. One case of such a payment occurred to an Illinois homeowner who fell on hard times. Chase gave him a $20K for his troubles. This makes sense as a straight foreclosure will generally […]

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If Oscar Suffered as I with the NYT

oscar-wilde-poet

Okay, I know it sounds like I pick on the NYT.  Well, alright so it does not just sound like I am picking on them, I am picking on them. The greatest smart ass in history (Oscar Wilde) once said “Most people are other people.  Their thoughts are someone else’s opinions, their lives a mimicry, […]

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If Only Lombardi Were in Charge of the Mortgage Crisis

statue-of-great-football-coach

I love Vince Lombardi quotes. One of my favorites is: “There are three kinds of people, those who make things happen, those who watch things happen and then there are those poor individuals who stand around and wonder what happened”. Whenever I read the NYT, I am reminded that the writers and editors of the […]

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Agents Learning New Skill Sets

cash-for-keys

I have always said that the key to maintaining relevance and being viable in a market is the ability to adapt and learn new skill sets. Lately, real estate agents are becoming quite adept at assisting in the clearance of non performing mortgages. Part of those skill sets are learning all of the facets of […]

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When Nobody Else Will Do, Shoot the Messenger

businessman-getting-robbed

“And I don’t mind, being your whippin’ boy. I’ve had that pleasure…for years and years….”  – John Mellencamp Crumbling Down – Uh-Huh 1983 It seems that homeowners and buyers can’t seem to accept the reality check when it comes to home values. Especially when it comes down to closing a deal.  And their chief target […]

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Five Fundamentals of Making a Real Estate Deal

making-a-good-deal

In real estate today, it is pretty well known that it is a buyers market. Having said that, if you are inexperienced at putting a deal together, it would behoove you to know that you can easily blow an otherwise gettable deal if you don’t present an offer properly. Here are 5 things to consider […]

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October 28, 2011

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Selling Real Estate

Evaluating a Real Estate Agent

unqualified-job-applicant

Selecting a real estate agent, especially in this market is a tricky thing.  You see, there is a huge difference between a professional sales person and an “order taker”. An order taker gets as many listings as they can in an attempt to control territory.  If they have a lot of homes on which they […]

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October 26, 2011

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Selling Real Estate

4 Things That Will Help You Avoid Losing If Your Home Falls Out of Escrow

house on pile of cash

So, your buyer has put in their offer and you on cloud nine because you have a 45 day escrow and you begin to start shopping for your new home. I am going to tell you to not do that.  Don’t bother and don’t put the cart before the horse.  Who says that you must […]

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Policy Makers Can’t Seem to Reach Low Hanging Fruit

hanging oranges

It seems to me that law makers cannot grab low hanging fruit.  One policy that is going to deliver another blow to housing is the re-adjustment of conforming limits on FHA and Fannie / Freddie loans. To make things simple, the loan amounts that do not force you into higher rates and costs are about […]

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