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Real estate can be a lonely place

By Kris Berg, Wednesday, October 28, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/bionicteaching/2041278305/" target=blank>bionicteaching</a>.

My husband was talking to another agent about the latest drama in our little real estate neighborhood. It involved one more in the steady stream of personnel changes we have become accustomed to in this market.

"Did you hear that (Agent 'X') left (Company 'A') to team up with (Agent 'Y') at (Company 'B')?" he asked.

Agents change logos all the time; this is nothing new.  more...

Secret to painting galvanized steel

By Bill and Kevin Burnett, Wednesday, October 28, 2009.

Q: I have galvanized steel railings that were painted a few years ago with two coats of epoxy paint. Now it is peeling off in large chunks.

I can't seem to get a definitive answer from the painters I've asked as to what paint to use and how to apply it. Recommendations have included everything from Rust-Oleum to oil-based paint to using epoxy again. I was hoping you could steer me in the right direction.

A: The secret to a long-lasting paint job on any surface is in the preparation. A good-quality paint should not fail after only a few years.  more...

'War stories' of a home inspector

By Barry Stone, Wednesday, October 28, 2009.

DEAR BARRY: My friend is a home inspector, and he sometimes tells me crazy stories about buyers, sellers and agents. I've been reading your column for years, and you've covered countless topics of interest. But you've never mentioned any personal experiences from the trenches. How about a couple of interesting stories? --Ben

DEAR BEN: I'm grinning broadly as I write this. Great question, by the way.

The main character of the first story was a rather disturbed lady who rented the home that was scheduled for inspection.  more...

House of horrors

By Bernice Ross, Wednesday, October 28, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/barelyfitz/28626934/">BarelyFitz</a>.

When you're in the real estate business, sooner or later there will be a house that someone says is haunted. The story below is true. Were these events just coincidence or were they something else?

When I was working on my doctorate, my closest friend and study partner was living in a new house in Orange County, Calif. She was in the antique business. Her home was like a showcase, every last inch of it beautifully decorated. When I met her, she was in the process of getting a divorce.  more...

Transparency works both ways

By Robert Hahn, Wednesday, October 28, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/spilt-milk/2882642676/in/set-72157604069131486/" target=blank>yoppy</a>.

There was a time when baseball was called America's pastime. Ah, those innocent bygone days of lazy Saturday afternoons in Mayberry ...

The America we live in today is a little bit different. Our national pastime is probably video games, and our national sport is without question the grand obsession that is the National Football League. Football is America writ large: aggressive, competitive, passionate.  more...

Reporter relives housing nightmare

By Tara-Nicholle Nelson, Tuesday, October 27, 2009.
Image courtesy of <a href="http://books.wwnorton.com/books/detail.aspx?ID=12158" target=blank>W.W. Norton & Co.</a>

Mea culpa.

So, in essence, begins "Busted: Life Inside the Great Mortgage Meltdown," by New York Times economics reporter Edmund Andrews. The entire book is succinctly summed up by its first sentence: "If there is anybody who should have avoided the mortgage catastrophe, it is me." Andrews goes on to inform the reader that he has covered the economy journalistically, including the Asian and Russian recession of the 1990s, the dot-com bomb of 2000, and the goings on at the Federal Reserve since 2003 -- yet in 2004 "joined millions of otherwise sane Americans in what we now know was a catastrophic binge on overpriced real estate and reckless mortgages."  more...

Your own real estate 'best practices'

By Gahlord Dewald, Tuesday, October 27, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/aeu04117/2572084141/" target=blank>aeu04117</a>.

The Web is awash in articles and blog posts with headlines like "The Five Best Practices of Twitter," "Seven Facebook Page Dos and Don'ts," "25 iPhone Apps You Just Can't Do Without!" and "10 Things You Need to Do Right Now If You Want to Eat Lunch at the Cool Kids' Table."

If you read enough of them, they start looping back on themselves and you notice that items listed in one person's "15 Most Awesome Techniques for Converting Leads via Twitter" is listed in another person's "12 Examples of Horrible Social Media Backwardness."

What do we do with all that? Well here's what I do. I don't believe in "best practices." That's right. No best practices for me.  more...

House-hunting personality test

By Tara-Nicholle Nelson, Monday, October 26, 2009.

I recently had the great fortune to become acquainted with Danielle LaPorte, co-author of a book called "Style Statement." The book's purpose is to lead each reader through a series of questions resulting in a unique, two-word style statement. A style statement describes your personal style, and according to the book, "define(s) the true you …Your style statement is where your essence meets your expression."

Sample style statements from the book include "Enduring Bold," "Sacred Elegance" and "Structured Soul."  more...

Real estate top performers' tips

By Bernice Ross, Monday, October 26, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/london/44070187" target=blank>jonrawlinson</a>.

In real estate, there is no single recipe for success. Nevertheless, if you examine the characteristics of top-producing agents, there is a consistent pattern linked to their success.

Do you know the secret recipes that are associated with success in virtually every type of sale? If not, here's what most top performers know that can help you in your business.

1. Write down your goals
Do you have a written business plan with specific goals? If so, you are part of a select group of about 3 percent of all salespeople.  more...

Make your short sale shine

By Dian Hymer, Monday, October 26, 2009.

Short sales, where the lender agrees to take less than amount due to them, have tended to sell for less than similar homes in the area. One reason for this is that short-sale listings usually don't look as good as the competition. Another reason is that short sales require lender approval.

Last year, lenders often took three to six months to respond to a short-sale offer. If the response was no, the buyer was out looking for another home after having wasted a lot of time. Many buyers who expected short sales to be good deals shied away from them altogether after having a few bad experiences.  more...

No benefit to refi with current lender?

By Benny Kass, Monday, October 26, 2009.

DEAR BENNY: I am shopping for a new mortgage (I will refinance about $160,000 remaining on a condo worth about $300,000) and discovered my mortgage holder wants about $2,200 in closing costs. I just financed with this bank three years ago and have stellar credit. There seems to be no special benefit for refinancing with this lender. Their broker told me as much. I don't understand why they wouldn't want to keep a good customer. Any insight? --Janelle

DEAR JANELLE: I am not a defender of banks, but just because they did a title search and a refinance three years ago does not mean that there are no clouds (i.e., impediments) on your title now. The bank must have clear title in order to make you a loan. Accordingly, they have to do a title search. Additionally, there are administrative costs that have to be paid because the lender will have to look at your financial situation again.  more...

Avoiding costly mortgage mistakes

By Jack Guttentag, Monday, October 26, 2009.
Flickr image by <a href="http://www.flickr.com/photos/oddsock/2640764495/" target=blank>oddsock</a>.

Shortly after starting my Web site, I decided to add a feature on some of the common mistakes borrowers make, and how to avoid them. Today, there are about 100 mistakes on the list, and it continues to grow.

Recently, I decided to take another look at this list as I pondered a different question: Why do mortgage borrowers make so many mistakes, and are there changes in the system that would reduce them?  more...

Give the buck a break

By Lou Barnes, Friday, October 23, 2009.
Flickr image by <a href="http://www.flickr.com/photos/hammer51012/3010232028/" target=blank>Hammer51012</a>.

Treasury and mortgage rates have again reached their post-August highs, but still in tight ranges: the 10-year Treasury note at 3.48 percent and low-fee mortgages just under 5.25 percent.

The producer price index fell hard in September, down 0.6 percent, the much-hoped-for re-building of inventories not yet under way. Initial claims for unemployment insurance unexpectedly rose, back in the 525,000-550,000 weekly band.  more...

Homebuyer's tax savings plan foiled

By Tara-Nicholle Nelson, Friday, October 23, 2009.

Q: I recently got into contract to buy a foreclosed home. I put $35,000 down, and the closing is in a couple of days. The first day I hired my title attorney I mentioned to her that I wanted my mother to be on the deed in order to get the taxes reduced. Now, the lawyer is telling me that I have to wait until after the closing, do a new title search under my Mom's name, and pay the attorney again to include my Mom on the deed. I feel like it's too late to stop everything now -- what did I do wrong?

A: It used to be the case that you couldn't put a co-owner who was not also a co-borrower on title during the course of a purchase transaction.  more...

Go green ... or else

By Arrol Gellner, Friday, October 23, 2009.

On Sept. 1 of this year, the European Union began banning the sale of incandescent light bulbs -- another well-meaning but heavy-handed effort on the part of EU bureaucrats to go green. This is the same government, you may recall, that blundered into requiring that 5.75 percent of its fuel come from biofuel sources by 2010 -- a mandate as ill-considered as it was premature.

Anyone who feels like tut-tutting the European nanny state, though, should know that, here in the good old free-market U.S., our own government is planning to phase out incandescent bulbs beginning in 2012. Rather than letting the obvious economies of more efficient lighting speak for themselves, Congress feels obliged to fine-tune America's buying habits with a sledgehammer.  more...

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