Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics that impact real estate agents. As such, it’s great to have a weekly housing update.
Weekly Housing News for Week Ending August 15, 2014
Read below to learn about some of the interesting housing news and weird stuff that went on this week in the distressed property and real estate agent arena:
Short Sale Complications This Nationstar – Auction.com thing is still getting lots and lots of airplay. The good news is that California has passed some laws to prohibit Auction.com’s shill bidding in the state.
Former B of A Employee in Jail for Taking Bribes I’ve done a lot of short sales, but I don’t recall ever crossing paths with this guy. Just another domino that continues to fall after the meltdown.
Long Wait Times for Post-Short Sale Buyers Unless buyers are looking for portfolio loans, they may have to wait four years after a short sale. Check out this article so that you are up to speed.
5 Ways to Get People to Your Open House Struggling with the traffic at your open houses? Here are a few fun ways to spice up your next open house and maybe get a few extra buyers or sellers in the door.
Let’s Continue the Real Estate Conversation
I’ve been seeking the secret to success in short sales and beyond for many years. And if you are active in real estate, then I am sure that you have, too. Being a successful real estate professional is challenging, and there was probably no more challenging time in the last fifty years to be a wildly successful agent than during the Recession.
Interestingly, that wild and crazy ride has taught us some very interesting things about what it means to be successful in real estate. During that time, the percentage of working real estate professionals declined by half. Agents were fleeing the profession and taking jobs in a variety of other fields.
If you managed to make it through, you probably have your share of war stories: hour-long hold times, calls rerouted to India, and homes stripped over everything including the kitchen sink.
Now that I’ve been there and done that, I’ve put the valuable lessons learned from my experience into a book—a book entitled Been There, Done That: Ten Agent Success Principles from a Short Sale Insider, currently available on Amazon. If you’d like to continue the real estate dialogue and are totally sick and tired of short sales and distressed property conversation, please join me on my new site: www.melissazavala.com
If you sign up for the weekly newsletter there, I am offering you three truly amazing items that will launch your career. So, go over and check out what I have to offer, and let’s continue the real estate conversation.