In preparing an offer to purchase a house, you should already know the seller's asking price. But deciding on what price to offer and how to come up with a fair offer is next? Deciding on an offering price: Find recent sales of similar properties to come up with an offering price range. Then … [Read more...]
No Meaningful Recovery in Commercial Real Estate Before 2011
Although the economy has been growing lately, fallout from the recent recession continued to negatively impact commercial real estate sectors in the fourth quarter, but there is hope for some improvement next year, according to the National Association of Realtors®. Lawrence Yun, NAR chief … [Read more...]
Realtors® Strive to Reduce Stress in Short Sale Transactions
According to the most recent Realtors® Confidence Index, buyers continue to be discouraged with the extended short sale process, resulting in foreclosures that could have been prevented. New resources from the National Association of Realtors® aim to help Realtors® and consumers successfully … [Read more...]
Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas
Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors ® . Sales increased from the third quarter in 48 … [Read more...]
NAR’s HouseLogic: The Logical Source for Today’s Homeowners
Today the National Association of Realtors® launched HouseLogic, a new, comprehensive consumer Web site about all aspects of homeownership. HouseLogic helps homeowners make smart decisions and take responsible actions to maintain, protect and increase the value of their homes. "Backed by the … [Read more...]
Realtors® Partner with National Community Stabilization Trust to Revitalize Neighborhoods Wracked by Foreclosures
The National Association of Realtors® has joined forces with the National Community Stabilization Trust to help rebuild American communities devastated by the foreclosure crisis. The collaboration will bring Realtors and the more than 1,400 state and local Realtor® associations into a … [Read more...]
REALTORS® Relief Foundation of the National Association of Realtors® is contributing $550,000 to the relief of victims of the Haiti earthquake
The REALTORS® Relief Foundation of the National Association of Realtors® is contributing $550,000 to the relief of victims of the Haiti earthquake, and is calling upon all Realtors to help! "Realtors® help build communities and there is no better time than now to do that in Haiti," said NAR … [Read more...]
Pending Home Sales Stabilize, Remain Above Year-Ago Levels
Pending home sales have leveled from a market swing driven by response to the home buyer tax credit, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in December, increased 1.0 percent to 96.6 from 95.6 in … [Read more...]
STAGING Your Home for Sale BASICS
What is staging, anyway? Staging is the process of enhancing the impression a prospective buyer has about your home. Staging is all about removing things from your home that make it look smaller, drab or dated. It differs from decorating because decorating involves bringing things into the home to … [Read more...]
Real Estate Settlement Procedures Act (RESPA) Reform
The goal of RESPA is more informed customers - The objective of the many new government requirements that relate to home financing is to provide information that can help every home buyer or owner make better home financing decisions. RESPA Reform was enacted by the U.S. Department of Housing … [Read more...]