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December 25, 2008

The Good News, and the Not So Good News in the Housing Resale Market

Filed under: Real Estate — admin @ 6:41 pm

Today, Bloomberg.com published an informative article by Bob Willis, on November existing home sales. Please click the link at the bottom of this article to read.

The article speaks for itself and shows the power of the free market to stimulate sales. Yes, prices were down, but it encouraged buyers to step up. I have never understood the rush to artificially prop up prices. What is wrong with lower prices? It allows more folks to become home-owners without the lowering of credit-worthiness standards that have brought us to this current debacle. Note that all government attempts at “rescue” have centered on helping the banks that were encouraged, aided and abetted by Congress and Wall Street, to offer loans to people who could not afford them. Other organizations, like the under-investigated A.C.O.R.N. and various inter-faith groups are slated to receive billions in funding to offer “counselling” to those who are in danger of losing their homes. Counselling? We are witnessing the largest single giveaway of public funds, that we do not have, in the history of this country. Future generations will pay dearly.

Senator Chris Dodds, currently under an ethics investigation due to the preferential terms and conditions of two mortgages from Countrywide, was not only in charge of this tragedy, he remains empowered as someone who is supposed to extricate us from this mess. As I write this, Dodds promised to reveal the details of his sweetheart loan 185 days ago. Click on this link to see how much time has elapsed since his empty promise.

In politics there is no longer any shame. Throughout this entire fiasco, name one politico who has resigned. Remember, Pelosi promised to “drain the swamp” and give us the “most ethical Congress ever”. I’m still waiting.
Link: http://a-real-estate.coconia.net/?p=30

December 20, 2008

Become a Real Estate Appraiser

Filed under: Real Estate — admin @ 6:35 pm

By and large, appraisers are considered bosses of their businesses. People want to be an appraiser so that they can work with their own pace, goals and strategy. They don’t have to answer any boss while making very good money.

The appraising career requires different types of skills such as, personal, communication, math, detective and analytical skills. After becoming an appraiser, an individual can work as per his/her schedule and make hundreds of thousands of dollars annually.

Appraiser’s Job

Appraisers’ job requires several tasks to complete; they include but are not limited to appraisal/inspection of: size, age, condition, and neighborhood of the property.

Who are looking for Appraisers?

There are several types of institutions which are always looking for appraisers, they include but are not limited to: banks, lending agencies, government agencies, lawyers, and tax assessment agencies.

An appraiser career is bright even in the lean times as in the refinancing cases, appraisals are still required.

Way to be Appraiser

The first step which an individual must take is to find out the state’s laws and regulations of obtaining a trainee license. Individuals must know how many hours of classes they should take to become an eligible individual for a trainee license.

The appraiser classes can be taken at online schools (e-learning) as well as in classroom based schools. Mostly, the appraiser courses teach about the fundamentals of real estate appraisal - evaluation of properties in an efficient and effective manner are also covered in these courses.

A trainee license can be obtained after completing the required hours of education, passing the required test, and having some real estate experience. Again, please check this requirement from the state’s licensing board as this requirement does vary from one state to another.

Once an individual gets a trainee license, he/she has to find a good appraiser who can teach and train him/her. A good mentor is vital to become a good appraiser; individuals may look for references (i.e., friends, family, neighbors, etc.) for a working appraiser as a good reference is always worthy.

Always try to build references and links, individual may offer incentives to the old or experienced appraisers in your area so that would hire you.

It is vital to remember and understand that hardworking and patience are the integral parts of the appraisal industry. As a trainee, you might not get a good salary, but stick on with it. Further, if your mentor is not good, don’t afraid to switch to another appraiser.
Link: http://a-real-estate.coconia.net/?p=24

December 3, 2008

Characteristics of Good Real Estate Agents

Filed under: Real Estate — admin @ 6:37 pm

Selling or purchasing real estate can be a tricky and stressful process, and hiring the right realtor to guide you can make all the difference. This article discusses the key characteristics that every good agent possesses. Some qualities are required in any profession, but a few are especially pertinent to real estate. Look out for these qualities to determine whether you are in capable hands.

First and foremost, your realtor should behave professionally during the time he or she is working for you. A relationship that is too friendly or relaxed may mean that the realtor isn’t working as hard or taking you as seriously as possible. If the agent works from a home office, he or she should not expect you to stumble through a maze of toys or a dirty house in order to carry out business. Be on the lookout for casual or sloppy dress or demeanor; the agent will take the same care conducting your business as they do with personal appearance.

Your realtor should also have the knowledge to help you navigate the process successfully. In addition to knowing the state and local real estate laws and requirements, they should also have experience and in-depth knowledge of the area you are buying or selling in. Agents who thoroughly know the area schools, hospitals, and recreation areas will make a bigger difference to you, the client.

A good realtor is also someone who loves to work with people–even on the bad days. You should never feel rushed or hurried by a realtor, and you should always be made to feel that he or she has your best interests at heart. A polite and friendly realtor is a sign that you, not personal interest, are the focus of their work. Good realtors are always straightforward and honest. If you suspect your realtor is withholding information or keeping potential clients or houses from you, drop him or her immediately. Your agent should never leave you wondering if the promised results will be delivered.

Finally, one of the most important characteristics of a good realtor is that he or she goes the extra mile. Realtors are a dime a dozen, but those who take care of little details like keeping you posted on your sale, or answering the phone with a smile in their voice are the realtors to keep and be grateful for. Remember that prompt and effective communication is essential to any relationship, and realtors who do everything they can to show they appreciate your business deserve to be appreciated.
Link: http://a-real-estate.coconia.net/?p=27

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