References to articles, sources, products, or services are not a specific endorsement and not guaranteed to be true or accurate, but the user must perform their due diligence and investigate whether the information provided is valid, or the product or service is right for them. I welcome any or all comments that would help others……Be careful – if it sounds too good, it probably is!
Post #1: FDIC hit by 50+ breaches in a two year period. One of the most striking findings was how the FDIC handled notifying the potential victims of their breaches. Of the 18 cases reviewed in the report, the FDIC only contacted victims related to five of the incidents. Additionally, it took an average of 288 days—or more than 9 months—from the date the breach was discovered to the date that the FDIC notified affected individuals.
- Curb Appeal
Post #1: Why You Should Sell Your Home in 2018 . According to a recent survey, 31% of respondents expect 2018 to be a better year for selling a home than 2017 – and just 14% expect it to be worse.
Post #2: Reverse Mortgages Draining FHA Resources, Overhaul Needed. Home Equity Conversion Mortgage (HECM) program the program is an economic drain…the most recent showed the program with an economic value of negative $14.5 billion
Post #1: All Things Real Estate: Home transfer triggers acceleration clause. Banks pretty much suspended this practice back in 2007-08 as the number of foreclosures due to the Great Recession began to spike.But now, with the economy growing and the real estate market pretty stabilized, the banks are going back to enforcing the acceleration clause.
Post #2: If you prepaid property taxes, will you get the deduction? If not, can you get your money back ? “In general, whether a taxpayer is allowed a deduction for the prepayment of state or local real property taxes in 2017 depends on whether the taxpayer makes the payment in 2017 and the real property taxes are assessed prior to 2018,” the IRS said in its Wednesday advisory. “A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017.”
- Work with a good REALTOR®
- Get that preapproval
- Talk to landlords
- Consider a home that needs work
- Look just outside your target neighborhood
- Consider a transitioning neighborhood
- Raise your budget
- Go back to your lender
Post #2: How many credit checks are performed before closing on a home purchase? Hint: More than once.
Post #1: Local real estate agent fined over lead paint charge. Serves time and pays >$50,000 in fines.
Post #3: Ask The HOA Expert: Parking Rules…contractor estimates…etc,.
Post #1: 2018 real estate forecast: foggy, lukewarm. Slower price growth than 2017
Post #2: What Xceligent’s Bankruptcy Says About the Property Data Business. Commercial real estate data firm Xceligent filing for bankruptcy protection, the property data industry was not surprised—it’s an expensive field to be in.
Post #1: Hundreds of robot realtors are helping Bay Area renters find new homes. The three-foot-tall robot had an iPad mounted at the top, connected to real estate agent Rabia Levy in her Sunnyvale office. “I’m a person too!” she responded.
Post #1: What To Expect In 2018 In Real Estate.
- HOME VALUES WILL CONTINUE TO RISE
- NEW CONSTRUCTION WILL MAKE REAL ESTATE MORE ACCESSIBLE
- MILLENNIALS WILL MOVE TO THE SUBURBS
- BOOMERANG BUYERS WILL RETURN TO THE MARKET
- NEW TAX LEGISLATION WILL IMPACT HOMEOWNER DEDUCTIONS
- INTEREST RATES WILL RISE
Post #3: There is an estimated $6.7 trillion of outstanding government guaranteed mortgage (FHA,VA, Freddie Mac, or Fannie Mae) debt.
- Cap on Mortgage Interest Deduction
- New SALT Deduction Limit
- Preserved Exclusion of Capital Gains
- Deductibility on Home Equity Loans
- Doubling of the Standard Deduction
Post #2: A Guide to Selling Real Estate to Millennials – Maximize your opportunities…More than half the homes sold last year were sold to Millennials, and so you need to be able to understand their motivations to reach this generation effectively.
- Be Online
- Friendly content
- Make it easy
- Get out there
- Be Transparent
- Re-evaluate Your Listings
- They Have Serious Knowledge Of Your Local Area
- They Have A Close Eye On Current Market Trends
- They Know How To Market Your Property
- They Can Handle Heated Conversations And Paperwork
According to the National Association of Realtors, we’ve been in a Seller’s market for the past 5+ years.
Mixed real estate news— Housing starts rose 3.3% in November from October but residential housing permits fell 1.4% – WSJ, 12-20-2017, Page A2. This probably just means we are heading into the winter season which is traditionally slower housing starts due to weather and weather related delays….which cause extra cots for developers and builders.