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National Real Estate Buzz- Donald Trump Inserts Himself Into Mosque Controversy September 9, 2010Donald Trump, whose name seems to somehow become part of every major Big Apple real-estate story, has offered to make peace in the controversy over the Islamic center planned in downtown Manhattan. […]
- IRS Needs Strategy to Recoup Home-Buyer Tax Credit September 9, 2010The Internal Revenue Service needs a strategy to recoup first-time homebuyer tax credits from at least a million taxpayers. […]
- Ricky Martin, Failed House Flipper? September 9, 2010Pop star Ricky Martin is learning about the weak housing market the hard way. […]
- Real Estate News: Sheikh’s Palace a Sore Point in Seychelles September 9, 2010Here is a look at real-estate news in today's WSJ: […]
- Donald Trump Inserts Himself Into Mosque Controversy September 9, 2010
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Short sale Archive
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Short Sale Notes
Posted on May 26, 2010 | No CommentsShort sales are like taking ice cream away from a 5 year old. Not impossible, but extremely difficult often resulting in kicking, screaming and tears. If you are considering doing your home as short sale, it is not “what do you need to do it”,... -
When considering a short sale, consider this
Posted on April 6, 2010 | No CommentsRecently, I have worked with a number of people who have been looking at short sales. They have thought, as do most people, based on the asking price they were going to get a great deal. I have had to remind them, when you make... -
Believe it or Not! | A Hilton Head Real Estate “Short” Story
Posted on March 19, 2010 | 2 Commentshave written many articles about Short Sales and how you need to be patient and prepared for anything. Nothing has changed, but I did want to share a story with you to emphasize the point. One of our real estate agents got a contract on... -
5 Stages of Grief in a Short Sale
Posted on March 9, 2010 | No CommentsReal Estate Blog – 5 Stages of Grief in a Short Sale. We’ve all probably heard about the “5 stages of grief” especially how they may apply when dealing with the death of a family member or friend. Jack Lewitz’s blog points out that a... -
Update Short Sales
Posted on February 12, 2010 | 2 CommentsSeveral weeks ago, I wrote about the patience needed when doing a short sale. I also mentioned I had an investor who had just made offers on 6 homes, all short sales. Well here it is weeks later and as of yesterday, we have heard... -
Preparing for a Short Sale
Posted on February 6, 2010 | No CommentsA “short sale” is a situation in which the seller owes more money on the loan than the sale of his property is likely to produce on the market, and the seller is unable to bring money to closing (to make up the difference). Questions... -
Making a bad situation better
Posted on December 14, 2009 | 1 CommentI pray none of the following apply to you. However, the current economic conditions have taken its toll on all of us. If you need to sell your home and any of the situations listed below apply, you need to tell your Realtor immediately. The... -
The Truth about Real Estate "Deals"
Posted on November 18, 2009 | No CommentsWe know everyone wants a good deal, no matter if you’re buying toothpaste or a home. That fact rings true especially in this market, as everyone knows prices have gone down appreciably. But one must keep in mind that “good” deals are relative and take... -
Short Sales ARE NOT Short!
Posted on November 16, 2009 | No CommentsShort sales take place when an owner tries to sell his home for less than what he owes. This is usually the last gasp before foreclosure. Let’s say a seller owes $800,000 on their current mortgage and is trying to sell for $700,000. This would... -
Real Estate News – Silver Lining in the Dark Clouds of the Current Market
Posted on October 12, 2009 | No CommentsHere are some questions asked of by Frank Dune of Celebrate Hilton Head about the current real estate market. 1. To put the current real estate "slump" in perspective, how is it similar and how is it different from other cyclical downturns that you have experienced in this market throughout your real estate career? Inventory levels are similar to the 1991 down turn. Today there are about the same number of units on the market, although we have a higher percentage of Short Sales and Real Estate Owned (REO - bank owned) properties. As usual Hilton Head Island entered the down turn later and I believe it will exit the economic down turn before the rest of the country. Another interesting change this market has brought about is that today we have more properties for the end user (non-investment). In 1991 I feel there was a higher percentage of resort rental properties.