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3 Red Flags for Buyer Contracts

by John TayebApril 27, 2011 Housing Market News Update

Writing a home purchase contract is crucial. Otherwise, it can easily derail a deal. Here are some common contract mistakes: 1. Buyers don’t secure financing by deadline. Many contracts are contingent upon the buyer securing financing by a particular date. However, in today’s tight lending environment, you’ll want to ensure you allow extra time for [...]

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Foreclosures Scored on Appreciation Potential

by Tayeb Realty GroupApril 27, 2011 Foreclosures

RealtyTrac, a foreclosure data resource, and SmartZip, an investment analytics company, are teaming up to offer HomeScore ratings for foreclosure properties. The HomeScores allow buyers a different to size up bank-owned properties by providing information on the foreclosed home’s potential for above average price appreciation and below average costs. For example, properties that receive scores [...]

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Good Neighbor Deadline Approaches

by John TayebApril 26, 2011 commercial real estate

Don’t miss this opportunity to nominate your favorite community volunteer for REALTOR® Magazine’s 12th Annual Good Neighbor Awards. The deadline is May 20. Five winners will be announced in the November issue of REALTOR® Magazine. Each winner will be recognized at the 2011 REALTORS® Conference & Expo in Anaheim, Calif., and receive a $10,000 grant [...]

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Is This Really a Buyer’s Market?

by Tayeb Realty GroupApril 26, 2011 Housing Market News Update

With falling home prices and higher inventories, most of the public views real estate as a “buyer’s market,” in which buyers hold more of the control and sellers will more eagerly accept lower offers just to sell. Not so fast, say buyers and sellers. More buyers are finding the sellers in the driver’s seat. Buyer [...]

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Broker Wins Appeal in ‘Flip This House’ Lawsuit

by Tayeb Realty GroupApril 19, 2011 home improvement

Richard C. Davis, a South Carolina real estate broker with a specialty in flipping homes, won a $4 million court appeal against A&E’s “Flip This House,” a TV series he appeared on during the show’s first season. The Fourth Circuit Court of Appeals this week upheld a jury verdict in a lawsuit from Davis, who [...]

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Banks Get Failing Grade in Foreclosure Handling

by John TayebApril 19, 2011 Foreclosures

Banks continue to receive backlash for their handling of a flood of foreclosures across the country. A new report released this week by federal regulators finds that banks failed to do a good job in handling foreclosures and sometimes evicted home owners when they clearly should not have. The problems were “significant and pervasive” and [...]

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Mortgage Rates on the Rise Again This Week

by Tayeb Realty GroupApril 19, 2011 commercial real estate

Mortgage rates continued to slowly inch upward for the fourth consecutive week, according to Freddie Mac’s weekly mortgage market survey. “Although rates on 30-year fixed mortgages have risen four weeks in a row, they have remained below 5 percent for eight straight weeks now, helping to maintain affordability in the housing market,” says Frank Nothaft, [...]

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25 Room Design Ideas for Teenage Girls

by Tayeb Realty GroupApril 18, 2011 Home Decor Ideas

Looking for fresh design ideas for pretentious and stylish teenage girls? In this post we will try to give a hand. For today we’ve gathered together a set of 25 pictures which represent young girls’ rooms. We tried to do a various selection: we went with some serious and sober interiors, but we also gave [...]

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House Flippers Return, Still Finding Profits

by John TayebApril 18, 2011 Foreclosures

More investors are taking on the risk of flipping homes, despite falling home prices and sluggish real estate markets across the country. But investors say there are still profits to be made in the house flipping business. Nearly 1 million homes were bought as investment properties in 2010, according to the National Association of REALTORS®, [...]

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IRS Loses $513M to Tax Credit Cheaters

by Tayeb Realty GroupApril 18, 2011 Foreclosures

An investigator with the Internal Revenue Service says the government likely paid $513 million in home buyer tax credits to people who did not qualify for it, according to a new report released today by the inspector general. About $326 million went to more than 47,000 taxpayers who did not really qualify as first-time home [...]

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