Shady FSBO Website Practices! Fsbo Seller beware...
I search the internet often looking for fsbo related news and advice to aide www.Equizo.com clients. I ran across a very disturbing (at least to me) website entitled " FSBO LEADS." The website I am not going to name because I do not want them to recieve credit for the one way link and raise their PR rating, but its sole purpose is to sell Realtors fsbo leads. On the site it talks about not only the freshness of these leads, but also how to convert these leads in to listings for the agent. Below are some clippings from this site: by Cheri Alguire A lot of times we forget about all of the different sales niches that are right under our fingertips. We get bogged down by the market slowing down and we think that our methods of sales to new prospective clients isn’t working. Get yourself out of this cycle by opening your eyes to all of the possibilities that are available to you and are right in front of you. Meaning YOU the Fsbo Seller!Read all of Shady FSBO Website Practices! Fsbo Seller beware...
Think Buyer's Incentives!
When selling a Home in a competitive market lowering your sales price may not be the best option, especially for first time Home Buyers. Here are some ideas that may expedite the sell of your home and preserve some of your equity.
1.) Down Payment assistance- Down payments are a problem for many first time home buyers and believe me there are not alot of 100% loan programs out there for that segment of buyer.
2.) Offer to pay Closing Costs- Closing costs can add up to 2 to 3% of the purchase price. This can be just as much a deal breaker as having no down payment. The old tricks of the Agent raising the sales price to accomodate these costs are about at an end due to the scrutiny real estate appraisers are under because of the current housing crisis. Not to mention this practice is a major contributer to homeowners being upside down in their mortgages and foreclosures as a result of not being able to sell to avoid it.
3.) Offer a Home Warranty- This is a great option it is inexpensive to buy this insurance for your buyer. This especially helpful if you are in a market with alot of new construction inventory or you just have an older home. This option gives potential buyers peace of mind and just maybe the incentive it takes to sell your home.
4.) Interest Rate Buy Downs- This is an awesome option. Especially for the discerning buyer. For a buyer to pay a lower payment just because they bought your house, how can you beat that? For more info on this contact Georgia Rogers Senior Mortgage Banking Officer
5.) Offer Incentives for Remodling- It just may be that your home is not being sold due to some wall paper, paint colors, or dated appliances this shouldn't stand in the way of you selling your home. Buyers are likely to customize the home they purchase anyway, why not offer them the opportunity to be able to start now.
The good part of all of these options is $0.00 out of pocket expense NOW! All these options can be settled at closing upon the release of funds generated by the sell of your property.
Backlash grows against the housing bailout.
Many Americans want no part of a government-funded bailout for troubled mortgage borrowers. By Les Christie, CNNMoney.com staff writer Last Updated: April 23, 2008: 3:34 PM EDT NEW YORK (CNNMoney.com) -- Why should American taxpayers have to pay to bailout reckless lenders and borrowers? The website Angryrenter.com, launched just last week, has a vitiation demanding that Congress not pass any bailout programs that reward risky borrowing and lending. To wit: "Let the free market sort it out!" The petition is gathering 40 to 50 signatures per hour, according to spokesman Adam Brandon, who adds that the site is already getting 15,000 visitors a day. "There's a huge segment of the country saying, 'We don't want our money used for a bailout,'" said Brandon. AngryRenter.com is backed by FreedomWorks, the conservative, free-market Washington-based lobbying group run by former House majority leader Dick Armey. "A third of the American public rents," Brandon pointed out. "They're saying 'I've been saving for a mortgage for years. I could have jumped in on a subprime loan too. Now I'm going to have to pay for a government bailout." 'We wanted to buy too' Many CNNMoney.com readers agree, expressing outrage at the idea of seeing their taxes used to keep people in homes they never should have purchased. "We are both working professionals who would have liked to buy," said Matthew Haas, a community development organizer who moved to Los Angeles with his wife in 2003. They opted not to pay bubble prices, and are still renting despite ample income. "Now we have hit [the alternative minimum tax] and are finding out our tax dollars are going to bail out others." "Where is value, morally, as a country?" he said. "Is it taking taxpayer money and applying it to people who should never have bought, people who were flippers?" Many people would prefer the government do nothing at all to prop up the housing market -- especially those hoping to buy in a more affordable market. Patrick Killelea has been blogging about the housing bubble at Patrick.net for four years from San Francisco, where it takes a not-so-small fortune to buy. "Bailouts reward bad behavior. I've been diligently saving, denying myself lots of things so I can afford to buy, yet the government is saying we have to keep all these people in their homes," said the Web site programmer and author. "Well, wait a minute! Why can't I spend more than I can afford and have the government bail me out." Fat profits Nationalbubble.com is another newly minted site devoted to the bailout backlash. "I just got really angry," said blogger Morgan Ward Doran, an L.A.-based attorney who isn't professional involved with the housing industry. "Everyone I hear from is against the bailouts." Doran argues that lenders, brokers and home builders all made huge profits by overbuilding houses pushing through poorly underwriten loans, and now they want taxpayers to cushion their fall. Indeed, there is a provision in the Senate bailout bill that would give extensive tax breaks to home builders, which has some people especially incensed. The Laborers International Union of North America calculated recently that many of the largest builders, such as Pulte homes (PHM, Fortune 500) and Lennar Corp. (LEN, Fortune 500), could receive many hundreds of millions of dollars in tax rebates. "The government thinks it should help the people who cheated and robbed us," writes CNNMoney.com reader Jordan Fogal of Houston. Most people who are against bailouts trust the market more than the government. The fastest way to return to normalcy is to let the market work, according to Angryrenter.com's Adam Brandon. He acknowledges that the impact on some homeowners will be devastating, but that things will get even more painful if we don't let the free market work its magic. "I feel terrible for people losing their homes," said Brandon, "but the sooner we let the market sort this out, the sooner we can get back to growth. When the government gets involved, it can delay the inevitable." http://money.cnn.com/2008/04/21/real_estate/bailout_backlash/index.htm?section=money_realestateRead all of Backlash grows against the housing bailout.
