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Showing posts from January, 2009

Dallas-Fort Worth Real Estate Execs don't expect quick market turnaround

09:45 PM CST on Thursday, January 29, 2009 By STEVE BROWN / The Dallas Morning News Don't expect any quick deals in Dallas-Fort Worth's stalled real estate market. Oh, investors are out there, but they're waiting for the right time to strike. "There has been a huge amount of money lost by getting in too early," said Herbert Weitzman, who recently formed an acquisition partnership with Dallas investor Craig Hall. Weitzman - who's also chief executive of Dallas-based retail broker Weitzman Group - was on a panel of industry veterans who spoke Wednesday evening at a meeting of the Society of Industrial and Office Realtors. "Things are not going to get better very soon," he said. "The deals that are going to happen are going to be later in the year. "There is going to be a huge amount of retail REO [foreclosed property] coming on the market later this year." Property sales in North Texas have slowed to a trickle because of the lack of cred...

Do you take Polls ?

Do you find yourself looking to take polls ? Would you take a poll if it were just one question ? Click here http://polls.linkedin.com/p/19181/tldxw Technorati : DFW Home for Sale , Dallas , Dallas Homes , Real Estate , Robert J Russell Del.icio.us : DFW Home for Sale , Dallas , Dallas Homes , Real Estate , Robert J Russell Zooomr : DFW Home for Sale , Dallas , Dallas Homes , Real Estate , Robert J Russell Flickr : DFW Home for Sale , Dallas , Dallas Homes , Real Estate , Robert J Russell

Mechanic's Liens can mess up a Real Estate Closing!

What is a Mechanic's Lien ? The Mechanics' Lien law provides special protection to contractors, subcontractors, laborers and suppliers who furnish labor or materials to repair, remodel or build your home. If any of these people are not paid for the services or materials they have provided, your home may be subject to a mechanics' lien and eventual sale in a legal proceeding to enforce the lien. This result can occur even where full payment for the work of improvement has been made by the homeowner. The mechanics' lien is a right that a state gives to workers and suppliers to record a lien to ensure payment. This lien may be recorded where the property owner has paid the contractor in full and the contractor then fails to pay the subcontractors, suppliers, or laborers. Thus, in the worst case, a homeowner may actually end up paying twice for the same work. The theory is that the value of the property upon which the labor or materials have been bestowed has been increased...

Pizza Delivery - Call Ahead - It's Safer !

This was forwarded on to me from another Tech guy in our office. Make sure you turn your speakers on - this is something you dont want to miss! FYI - Imagine if home sales ever went to this - would it be good or bad....you tell me. Click Here > http://aclu.org/pizza/images/screen.swf Technorati : call ahead , pizza delivery , pizza restaurants , real estate delivery Del.icio.us : call ahead , pizza delivery , pizza restaurants , real estate delivery Zooomr : call ahead , pizza delivery , pizza restaurants , real estate delivery Flickr : call ahead , pizza delivery , pizza restaurants , real estate delivery

Pull Up Stakes, Move Where Home Prices Grow

by Broderick Perkins Americans are staying put more then ever, but when they do move many of them do so for housing-related reasons, say, to buy a new home or find a better neighborhood. And, if previous migration patterns are any indication, those trends could bode well for those seeking homes with equity gains to come. It's also pretty good news for housing markets rife with inventory. That's all provided home buyers can get to market with the right stuff. Here's the scoop. "American Mobility Who Moves? Who Stays Put? Where's Home?" a new Pew Research Center Social & Demographic Trends survey found that most Americans have moved to a new community at least once in their lives, but a record low number changed residences in recent, more economically troubling years. In 2007, when Americans did move, their net migration patterns reveal much moving to the South, with far fewer moves into the West and Northeast, according to Pew. Also, as the two coastal ma...

Sell Real Estate All Over The World

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A New Virtual Office

I just heard of this new company that is planning to launch in mid-2009, called Aybaf. It is a new virtual brokerage model with the following pertinent points: A world-class consumer web portal, currently generating north of 2 million unique visitors per month Roughly 15,000 web-based leads every month, growing at 10% on average month over month (adjusted for seasonality) Full suite of online agent tools, ranging from a baseline free set to premium tools from Aybaf partners that the agent will select on an a-la-carte basis. Free will include: Agent Profile Page, Email Marketing Engine (including weekly CMA reports automatically generated), full-on listings syndication, Agent Website (agent.aybaf.com) with multiple templates featuring the agent's own listings and a WordPress blog included. Options include: IDX feed, VOW site (with state-specific registration pathways), independent agent site (www.agent.com), Custom design (through Aybaf's network of web development partners), Se...

Job Losses

Report: New York to lead US cities in job losses Sun Jan 18, 7:33 pm ET NEW YORK - Only five metropolitan areas in the U.S. will escape job losses this year, according to a forecast released Saturday by the U.S. Conference of Mayors . New York is expected to take the biggest hit as thousands of jobs are lost on Wall Street . Big financial firms are slashing workers as they cope with bad debt . Other companies have gone under, like Lehman Brothers Holdings Inc ., which filed for bankruptcy in September. The New York area is expected to lose 181,000 jobs in 2009, the report said. Consulting company IHS Global Insight produced the report for the group. The Los Angeles area is expected to see 164,000 lost jobs, in part because of the huge drop in home prices that has punctured the California economy. After New York and Los Angeles , the Miami area is expected to see the greatest loss, with a decline of 85,000 jobs. Chicago and the surrounding area are next, with losses projected at 8...

Looking for a Job - The Do's & Don'ts

You know enough to bring a list of questions to a job interview. When the interviewer asks you, "So, do you have any questions for me?" the last thing? You want to say is "No." But that could be the best option if you're at a loss for words, because some interview questions are better left unasked. Here are 10 highly unsuitable interview questions that should never make an appearance, unless you don't want the job: 1. "What does your company do?" This was a reasonable interview question in 1950 or in 1980, before the Internet existed. Today, it's your job to research any company you're interviewing with before setting foot in the door. We need to show up for a job interview knowing what the employer does, who its competitors are, and which of its accomplishments (or challenges) have made the news lately. 2. "Are you going to do a background check?" It is amazing how many job candidates ask this question, which provokes alarm on t...

What is a Short Sale ?

In these difficult financial times, more and more sellers are finding they need to sell their homes for less than they owe on their mortgages, known as a "short sale ." This can be a good deal for you as a buyer, as long as you're aware of the extra time and work required to make it happen. The Mortgage Lender's "Short Sale" Factors The seller's mortgage lender will be considering many factors in deciding whether to approve a short sale, including: Whether the seller is deserving of a break, due to financial hardship caused by unforeseen circumstances such as layoffs, divorce or illness Whether it would be cheaper to simply repossess the house, make any necessary repairs and sell it through a real estate agent How many other properties the mortgage lender currently has in default Whether there are co-signors who can be held responsible for the balance owed on the mortgage The Short Sale Process Your chances of success with the seller's mortgage lende...

The Facebook Report - Does it Replace Face Time or Enhance It ?

Jenny has not returned my calls in roughly a year. She has, however, sent me a poinsettia, poked me, and placed a gift beneath my Christmas tree. She's done all this virtually, courtesy of Facebook.com , the online social networking site where users create profiles, gather "friends," and join common interest groups, not to mention send digital gifts. Though Jenny has three children, ages 4 to 14, and rarely finds time for visits, phone calls or even e-mail, the full-time mom in upstate New York regularly updates her status on Facebook ("Jenny is fixing a birthday dinner," "Jenny took the kids sledding") and uploads photos (her son in the school play). After 24 years, our friendship is now filtered through Facebook, relegated to the online world. Call it Facebook Recluse Syndrome, and Jenny is far from the site's only social hermit. Though Facebook started as an online hub for college students, its fastest-growing demographic is the over-25 crowd,...

Do you have a Suggestion ?

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