Real Estate Journal

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$70 Million Fraud Case Filed

February 26th, 2015 · No Comments

ponziscamsFour people involved in a Ponzi scam that defrauded over a thousand people are being persecuted for their crimes for their involvement in real estate fraud and many other similar offenses. The Metro Home Scam took on the money of investors promising revenues unheard of in the market which instead went into their pockets, funding their lavish lifestyles, fleets of chauffeur driven luxury cars and more. To cover their tracks, they make lavish and public donations to charitable organizations to sweeten the stench that lies within. [Read more →]

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Marketing Your Home Yourself

February 19th, 2015 · No Comments

Marketing is the only way to get a better than average deal for anything you want to sell and this is exactly the case when the thing you want to sell is a house. Especially keeping in mind the economic situation today, buying property of any kind is no joke. So you want to convince the future buyer of your house that he or she is making the best choice.

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Make sure your house is in the best shape possible. If you were good about maintenance and upkeep, this shouldn’t be a problem. But if you lapsed for whatever reason, now would be a good time to get repairs done. These don’t have to be expensive because a lot of simple repairs you can do yourself. Even the cost of hiring a professional for such jobs as repainting will pay off later on. Make sure you get your house listed in the right networks so that it is seen by as wide a sample of buyers as possible. Finally, be prepared to show your house off to people who want to take a look.

You can help yourself and your property by properly planning and marketing for selling.

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Vacation Home Sales and Prices Tumble as Buyers Wait

February 12th, 2015 · No Comments

Sales  in vacation  homes  dropped down by  31 percent last year and real estate bought for speculation dropped 18 percent.   Prospect home buyers are now very keen on studying the purchase proposals because of this.  It was reported that the decrease was caused  by more strict and  tightened standards by mortgage lenders.  The real estate business was so affected as shown by  sales that  dropped to 740,000 from a record 1.07 million in 2006, reported by  Chicago based Realtors. A fell to 1.35 million from 1.65 million a year earlier on the sales of investment properties was also reported. Investment properties are properties acquired by house owners not for personal abode but for investment purposes.  It was noted that recently these properties are sold without having the  owners occupied them  even for once.  Americans  are holding back on purchasing a vacation home as they became apprehensive that such is not a viable investment at this time.

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Angela Calzone Named Woman of Influence

February 5th, 2015 · No Comments

Angela S. Calzone, President, Change & Response Strategies, LLC, was named one of the 50 Women of Influence in Real Estate by Real Estate New Jersey magazine. This award is all about the shakers and movers in the real estate industry, in whatever aspect of the industry they work in. These women have an influence in the New Jersey commercial real estate industry.

In march 2007, Angela S. Calzone was named by NJBIZ as one of New Jersey�s Best 50 Women in Business. Under her Change & Response Strategies was subsequently selected as one of the top 25 Management Consulting Firms in New Jersey.

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Sale Aren’t Forever

January 29th, 2015 · No Comments

48.jpgMarkets on hot real estate don’t stay hot forever. Home sale market in some area around the country has already slowed after being robust for several years. The unsold inventory index has been used to tell which way the market and home prices were moving. Reports on unsold inventory index show how many months it would take to sell the existing inventory of homes for sale at the current sales pace. Changes in the unsold inventory index are directly affiliated to changes in supply and demand. When the requirement for housing goes up, the rate at which homes sell pick up the pace and the existing inventory of homes for sale decreases.

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US Home Real Estate Falls

January 22nd, 2015 · No Comments

If you’re a real estate agent or broker in the US, then I guess you know what’s happening. 14 major cities has posted double-digit lows for single-family home values, according to Standard & Poor’s/Case-Shiller Home Price Indices. It’s going to get worse as the home-values have been down 12% since December and a prediction that it’ll go down to 10% by the end of the year.

The biggest culprit for this downturn: rampant speculation on property values during the past several years. “The areas that have seen a huge amount of speculation…are the ones that got nailed,” says Blitzer. “The farther up prices went the farther down they’ve come.”

Listed below is the five most hard hit cities:

  1. Las Vegas

  2. Miami

  3. Phoenix

  4. Los Angeles

  5. San Diego


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Real Estate Professionals

January 15th, 2015 · No Comments

54.jpgThese days, real estate professionals have taken crash training and modules in real estate to better appreciate the procedures and to occupy a position in the growing real estate market segment. Despite the fact that there is an abrupt learning curve. A lot of real estate professionals who have joined the business in the past few years have experienced a losing-cycle in the market. There are policies that need to be understood and learned overnight though and the trick of the trade is to know and be fair to all sides especially if you are dealing with the sellers and buyers. 

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A Good Reason to Buy Now

January 8th, 2015 · No Comments

There are those who think the end of the year is a good time to buy real estate. There really is no rule about this but if you are decided on purchasing a house or property before the end of the year, you may be in luck.

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There are a few good reasons to do your house purchasing in December and these may spell for you a successful home sale. First off, there is less competition this time of the year. There are other considerations during Christmas and house buying is not one that comes up often. You would probably stand a chance of getting a wider selection at this time of they year. In line with this, you should also be able to get a better price on your house. Sellers or brokers may be more willing to negotiate to close that sale.

Whatever you decide, if buying a house now is a goal, December should be a good month to purchase.

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Shadow of a drought

January 1st, 2015 · No Comments

The landscaping has suffered from the drought–this was for houses in the Greensboro community. The question was to water or not to water? With the Triad and all of the Southeast facing its worst drought in a century, it’s a dilemma challenging a host of folks — home owners, home builders, homeowners associations and Realtors — who are caught between conservation and the need to keep homes and neighborhoods marketable.

Some residents thought it was easy to decide–whether to water the lawns or not. Greensboro is under mandatory water restrictions– residents should water using only a hose or hand-held container.

While it is easy for those in Grensbro, it is trickier for those in High Point. They are under voluntary restrictions. Those in Winston-Salem have no water restrictions. Even if residents can water as much as they like, they still ask themselves the question of whether they will water or not. Though this depends on who you ask.

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Loan Financiers

December 25th, 2014 · No Comments

56.jpgCredit and finance servicers and shareholders are developing a more methodological approach in conducting workouts. The manual and labor-intensive, hands-on techniques used at the moment upshot in a lot of redundant and outmoded foreclosures. It may be a time consuming foreclosure process that would permit for more workouts. Some states have ratified or are taking into consideration some measures that will extend the foreclosure process. The lending industry has also made valuable attempts to reorganize loan amendments and hold up the foreclosure development. Loan servicers set foreclosure measures and procedures in abeyance for 30 days to estimate and calculate the options.

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