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I love my realtor

I love my realtor

Claud_Zilla Luc S March 21, 2013
Same here. I dig my realtor. He helped my husband and I buy, and then helped me when I bought on my own after the divorce. He steered me away from some things, acting chivalrously as the handyman when we looked at homes. He`d point out things that were wrong, signs of shoddy fix-ups. One in particular I was falling in love with, i hindsdight, only because I just wanted to be done looking, and he told me flat-out he didn`t want me to buy it because of problems he saw. Then we saw The One, and he said, knowing my situation, that it was the place for me. Never pushy, just very responsible and honest. I am not in the market now, but have recommended him to friends for their purchases. 1

TOM WILLIAMS Tracy Taylor
March 20, 2013
So, how do you like life in "Dixie"? 0

Tracy Taylor TOM WILLIAMS
March 20, 2013
Oddly put question. Are you fishing for something? 0

Claud_Zilla Cesar Zalamero March 21, 2013
Right, they`re all bad. any one who is selling a product is trying to make a buck. The question is if they are willing to make that buck at the detriment of their customer. Not all are. 0

S G
March 20, 2013
In Los Angeles, cash purchase seems to be the trend of the moment. Rich Chinese buyers are buying up houses even before they have seen it. As soon as the house comes up to the market the agent gets around 40+ offers. Most of the sales are cash sales and the closing price are about 5%-10% above the listing price!! Yes this is pushing up the prices and I am afraid we are potentially getting in to another super heated real estate market where home owners will buy the houses for far more than its worth 11

Melisa klink S G
March 20, 2013
We are running into sellers who are only accepting cash offers on the homes(mortgages are taking forever) and apparently enough people have $250k laying around 1

Claud_Zilla Melisa klink March 21, 2013
Those investment companies NOT being talked about in this article. 0

Phil Jones
March 20, 2013
The Federal Reserve`s ridiculous and irresponsible monetary policies are creating massive distortions. With inflation now at an annual rate of roughly 2%, a zero interest rate policy punishes saving and encourages imprudence. 11

Mark S
March 20, 2013
Once the media starts reporting on "house buying frenzies" people freak out and a new bubble starts filling with hot air. 14 1

Phil Jones Mark S
March 20, 2013
Face it, the media is essentially a bunch of professional gossips. They encourage and foment the madness of crowds. 9 1

Betsy Miller Phil Jones
March 20, 2013
And sometimes, say 2002-3, can whip up a let`s-go-to-war frenzy. 7

TOM WILLIAMS Phil Jones
March 20, 2013
Exactly. The "media" started every war we`ve ever had, including the Rodney King Riots, Kennedy conspiracy mania and anything else they can gin up to sell papers or get viewers. 3

Sandy Mattos Phil Jones
March 20, 2013
You mean like the Iraq Fabricated War. 1

Mark Rosedale
March 20, 2013
I am right in the mix of this mess in Boston. We have quite the story to tell. The short version is that we`ve put an offer on 4 places and only just now been accepted for a place. However, in the processes of looking the owner of our apartment decided that she should put her place on the market, after all the market is hot. So as we are hoping to purchase a house suddenly we were told that the place we are renting is being sold on us. So now our hand is being forced on us. The story is ongoing, but what I can say is Boston is bad it is really, really competitive. 8

kay pett Mark Rosedale
March 20, 2013
There are a lot of advantages to living in metro areas. I`ve lived in them and my children live in them. But there are also advantages to living somewhere that nobody wants to live- like being able to buy a home and getting from a-b by just driving on open road. I have two houses and I have a five minute commute time. My primary residence has been paid for years and I`m 53. I bought the house when I was a single mother of 35. Couldn`t do that in Boston. When I want to see metro areas for whatever reason, I drive. Then come home. It`s a nice way of life. But most people can`t handle it and wouldn`t live where I live no matter how cheap the houses are. But they have mortgages that are abominations that run their lives and weigh them down like a rotting albotross. But they live close to good restaurants. 10 3

kay pett kay pett
March 20, 2013
Age 35, not 35 children. 0 1

Anon ymous
March 20, 2013
Sounds like Propaganda Radio is twisting some facts to give the impression things are better than reality. Odd how despite the incredible red hot market the couple have yet to sell their own home. Sounds more like they are looking to buy into a very small, desirable area not reflective of the larger market - hence their own trouble selling. 16 3

Matthew Wade
March 20, 2013
This is a good story, and I think it describes the situation of a lot of homebuyers even in regions not specifically mentioned in the article. My wife and I are searching for our first home; and while it`s fun to peruse the listings on realtor.com and the like, it got really hectic about six weeks ago when houses started flying off the shelf in one or two days. We`re in DFW where we didn`t really experience much of a housing roller coaster like other places. We also spent a lot of time refining our search parameters so that we bought well within our means. This required some sacrifice on our part but it has given us peace of mind, when searching and seeing a house we like go into a bidding war, to be able to say "it`s not meant to be". We are thankfully close to getting our first home and I can understand the sentiment of some who don`t want to do this again for another 20 years! 6

Dorothea MacDonald
March 20, 2013
My nephew and his wife are trying to buy their first home in the Seattle metro area. Anything decent that goes up for sale causes a bidding war which they can`t win. Now their lease is up on their apartment and they have to move back in with the parents. Don`t you love it when giant financial corporations play roulette with our economy? 5

Melisa klink Dorothea MacDonald
March 20, 2013
Same story for us here in Charlotte. Sold my one bedroom condo I bought before I got married. We can`t find a house so we can start a family and we are currently in a not pleasant temporary housing situtation 1

kay pett Dorothea MacDonald
March 20, 2013
You nephew and his wife need to grow up. 1 2

Fred B
March 20, 2013
Here we go again... 4

Joshua Graciano
March 20, 2013
This story gives us a few lessons- 1-the vital importance of writing down loans and taking the loss. 2-more information isn`t better information, which leads us to 3- the equally vital importance of word of mouth, which leads us to 4-skip the real estate agents and buy property using the lawyers you should use anyway (hourly charges, not % of sale price). 4

Craig Hill Joshua Graciano
March 20, 2013
You touch on a point that confounds me: PMI (Private Mortgage Insurance). Anyone in the mortgage industry I`ve spoken to has zero idea as to what really happened to the bank`s bottom line when it came to the foreclosures from 2007 - the present. The majority of people that lost their homes paid less than 20% down and were required as a condition of the loan to have PMI. From my understanding, the homeowner walks away, the bank eventually sells the property, subtracts the amount due (plus costs) from the proceeds and would submit the amount of the loss as a claim against the PMI company. I don`t know if there is a deductible (like most insurance) with PMI so I`m assuming the banks have not lost much, if anything while those of us that continue to pay our mortgages (or paid cash) are the ones suffering as home values are still under water. I did read a news article a few years ago about an Arizona company, (which I believed was actually called Private Mortgage Insurance) that had declared bankruptcy, but in the past 5, 6 years, nothing else. I`d venture to guess that the banks haven`t taken any actual losses. It`s as if it`s a secret that the banks do not want to get out. 4

Dorothea MacDonald Joshua Graciano
March 20, 2013
I bet your thumbs up come from lawyers and your thumbs down from desperate realtors. 2

George Lloyd Joshua Graciano
March 20, 2013
During a house sale, a lawyer representing the buyer is not free. A buyer`s agent can get you into vacant properties on a lockbox (all foreclosures are vacant). Some foreclosure companies will accept a bid if it is submitted through a real estate agent. A buyer`s agent will hear of `pocket listings` from their colleagues and can get you in take a look pre-market. A buyer`s agent can structure your offer based on what`s sold or gone under contract recently (the best indicator) - a lawyer does not have access to the `under contract` information. A good buyer`s agent is skilled at negotiation having negotiated many contracts in their career. A buyer`s agent can work with the lender to ensure a smoother process loan process. A buyer`s agent can manage the whole process for the buyer and represent the buyer at closing. All for free. I am not a realtor. 0

Sandy Mattos Joshua Graciano
March 20, 2013
Good information! 0

Mike Boxell
March 20, 2013
I blame real estate clubs as I see them. 4

D Boone
March 20, 2013
In my area, there are still 3-4 pages of foreclosures EVERY DAY. 3

Stacy Gittleman
March 20, 2013
as a family who is making a long distance move, I can completely relate to this fantastic piece that filled my ears upon awakening: http://transplantednorth.wordp... 3

Phil Jones
March 20, 2013
Earth to "Helicopter" Ben Bernanke. Earth to "Helicopter" Ben Bernanke. It`s long since time to remove the punch bowl. 5 1

Ben Tornilloed
March 19, 2013
A 4x8 sheet of OSB was $7 in November 2012. It is $16.50 today in Houston. 4 1

Mme D`Estape Ben Tornilloed
March 20, 2013
Yes but we have "no significant inflation," according to the Fed. 3 1

Bernard Gaieck Mme D`Estape
March 20, 2013
Significant inflation typically does not really occur until wages start rising and unemployment falls below 5%. You may see inflation in one sector and not in another. Mortgage prices / interest rates are way down over a year ago. The price of a 16GB iPad has dropped from $499 to $399 in less than a year, and that may be one of the largest durable goods purchases that a lot of people make in a given year. So it`s all the "average". 1

TOM WILLIAMS Ben Tornilloed
March 20, 2013
The diesel fuel to get it there added a lot to that. Let`s tax those meanie oil companies more. 2

Sandy Mattos TOM WILLIAMS
March 20, 2013
Those meanie oil companies are posting the highest profits of ANY COMPANY ON THE FACE OF THE EARTH. EVER. IN THE HISTORY OF MANKIND. It is inconceivable to me that any sane person would defend the oil companies who are almost single-handedly responsible for the many varied environmental crises we find ourselves in today. And you`re going to cry over them being FORCED to pay taxes? Insulting. 3 1

Melisa klink
March 20, 2013
We live in Charlotte and can`t find a house in the 200-300K range. We are being out bid by investment firms and speculators. The last house we put an offer on had 55 other offers! We are finding sellers that are only taking cash only offers! It`s not unusual here for houses to be on the market for less than a day before being sold. The last house we looked at went into contract before we got a chance to see it. The buyer had put an offer down with out even seeing the place. The neighborhood we are looking at, at the top of the housing bubble were being sold for $250k, we are seeing those same houses go for $290k. We have been looking now for 4 months, and we are about to give up. We just want a house to start a family in, not make it into some kind of cash cow game. The speculators and investments firm (ie Blackstone) are artificially driving up cost and making a house unaffordable for millions of Americans. But, don`t worry. I`m sure we can all rent from them for the rest of our lifes. 2

Thomas Valenti
March 20, 2013
For those of you not familiar with the Baltimore metro area, here`s the rest of the story behind this story. This couple is trying to sell a house located within Baltimore City, to move to Baltimore County. The article doesn`t say why, but here is a pretty good two part guess: (1) The property tax rate in Baltimore City is almost exactly double that in Baltimore County. (2) Baltimore County still has good public schools, while the public schools in Baltimore City are out of the question for any parents not absolutely forced by their financial situation to use them (you might be OK in some nicer areas to use the public elementary schools, but that`s about it). So, a young family in Baltimore gets to pay twice the tax and then has to pay for private schools on top of that. Any wonder why this couple may be looking to make a move? The issue for them isn`t going to be so much finding a house to buy in the county, but selling their house in the city. I am guessing they didn`t have people fighting over their house the day it went on the market. 2

Sandy Mattos
March 20, 2013
DagNABBIT this makes me angry! Must we continually and forever be the only "intelligent" species not to learn from our mistakes? Why isn`t there legislation ALREADY IN PLACE which makes it illegal for corporations to buy up large tracts of houses purely for investment purposes? It is EXACTLY the way the 2007-2008 meltdown started. Housing -- the American Dream - should be off limits for vulture investing. Sorry, get a real job. 3 1

Ben Tornilloed Sandy Mattos
March 20, 2013
You really have no business acumen do you? 1

Sandy Mattos Ben Tornilloed March 21, 2013
"business acumen?" Not sure. I have morals and ethics, though. Are the two mutually exclusive? Is that you, Gordon Gekko? 0

TonyBD
March 20, 2013
If their lives are changed so much keeping up with listings, what is the agent doing? If I was paying someone to be my real estate agent, I would expect them to be the expert and get all that together without me lifting a finger. What else is she doing? Making cookies? 1

Frank Doghearty
March 20, 2013
It is funny how easily people are misled; it is even funnier how the media is feeding the false flames. There are so many unsold homes that if banks put them on the market, the market would collapse. 1

kay pett
March 20, 2013
First world problems of silly people. Too bad the U.S. drone terrorization in the middle east is not getting more attention from media outlets. 2 9

Dorothea MacDonald kay pett
March 20, 2013
But you`re here to correct that situation Kay Pett? Get a life. 3

TOM WILLIAMS kay pett
March 20, 2013
If Bush were still President, it would be front page every day. With Obama as President, not so much. 2

kay pett TOM WILLIAMS
March 20, 2013
I have no use for right or left. Anyone who can`t think for themselves without checking a party platform of dogma du jour has no business voting as far as I`m concerned. But I agree, American acts of terrorism get far less coverage during a democratic administration than republican. Obama is little better than W in that regard. He just sort of lets the CIA run their own agenda because he`d rather golf. Obama isn`t really a president, he just plays one on TV. 0 1

Sandy Mattos kay pett
March 20, 2013
So.... you are saying the United States of America engages in "terrorism"? Interesting. Did you say that during the Reagan and Bush years? I think not. 0

kay pett Sandy Mattos
March 20, 2013
I would go farther than that and say America is a terrorist nation but I doubt I would get past the NPR censors. Under any objective analysis, the drone attacks as well as the invasion of Iraq (just to name a few) were/are acts of terrorism. Unless it`s America doing it that is. Can you imagine if Saddam Hussein were alive and was wiping out women and children with drones and calling it "collateral damage"????? Hahahahahahahahaha! 1 2

Sandy Mattos kay pett March 21, 2013
− ? You`ll get no argument from me. America has always been a terrorist nation. Ask any surviving American Native.






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