There was some discussion in the comments two posts back on how much it cost to finish off a new house with all the extras; window coverings, landscape, etc. But once you get the house ready to occupy, there is another cost to consider - furnishings. Most buyers have...
From reoi.com: Real estate brokers who have long complained about the time it takes to complete a short sale now have two U.S. congressmen in their corner who are sponsoring a bill that would require lenders to respond to consumer short sale requests within 45 days....
There are two reasons this tract has done so well: 1. Angela is a great salesperson. 2. The uncertainty with resales. At least here you can walk in and buy a house today. I tried to help some people buy a house off the foreclosure list who got pretty frustrated. The...
After some filler in the beginning, you'll see a good example of how the "haves" are acting. They prefer the quality locations, which is understandable (and recommended!). This building had been renovated by the seller, so that saves some time and money. In the...
The Blur said, "Jim, let me challenge you, if I may. You’ll have a daughter graduating college in a few years. She’ll get a job and soon look to buy a house. The market will be looking to her and her friends for stability. Will they be able to afford something in...
I tell sellers to price their listing aggressively to elicit offers from all the hungry buyers looking for a deal, and start a bidding war. Instead, almost all prefer the old-fashioned way and list with a higher price, expecting to come down later once the listing...
The mainstream media, hungry to proliferate the most negative news possible, is struggling to see an actual housing double dip. So cnbc.com has decided to just go ahead and call the "double dip". Here are excerpts: Sellers on the market today have cut $29 billion...
Lately, homebuyers have been taking a more conservative, less-flashy approach with regards to their housing choices. Part of that choice has to do with expenses; who wants to heat, cool, maintain, and furnish more than they really need? We saw the 10,000 sf launch...
Hat tip to the reader who sent in this official warning notice from the Commissioner of the DRE regarding buyers being forced to pay the listing agent's short-sale negotiator. An excerpt: Unfortunately, Short Sale fraud is growing, and it too often seems that...
The loan on this house was $3,500,000, and the house next door has a loans for $4,800,000. (The same doctor owned both) Next door is for sale for $2,750,000.
