June 2013

Found 21 blog entries for June 2013.

When you are making the biggest purchase of your life, it helps to have a trusted professional on your side. A Realtor® is more than a real estate agent; Realtors have training in ethics for both their dealings with the public and with the real estate community. The Realtor Code of Ethics is the cornerstone of the National Association of Realtors ethics training. It guides Realtors and also shows the public the level of commitment, education and dedication to their profession that each member of NAR possesses.

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money.cnn.com - Sell quickly. Win a bidding war.

Sell your home fast 
Underprice it from the start. If you list your home for at least 10% less than it's worth, you'll often sell it for 10% more.

Win a bidding war 
Go as high as the maximum price you'd ever be willing to pay -- if someone outbids you, you'll feel confident you gave it your best shot.

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As you search for a home, you may have come across the term easement in a listing and wondered what it means. An easement is a legal arrangement by the owner of the property and a nonowner to use the property in some fashion. You may see this term used in listings where a home is located near a public recreational area. For example, the property may come with a walking easement to the nearby lake.

If there are any existing easements between the current seller and a neighbor, the seller’s attorney or the seller’s agent needs to advise the buyer. It’s important to know if easements exist and how they affect the purchase or usage of the home being bought. Easements often allow the use of a pathway between adjacent properties or a pathway to reach a common

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realtytimes.com - The recently-released May 2013 National Housing Survey by Fannie Mae showed that 40% of responders said that now is a good time to sell a home. That is up from only 16% in May of last year. At the same time, 76% of Fannie Mae's responders said that it is a good time to buy a home -- just a little more than the number of those who thought so last year. Redfin has surveyed real estate agents on the same issue. 82% said that now is a good time to sell, compared to 54% last year. On the other hand, Redfin found that only 57% of agents thought that now was a good time to buy, an 18% drop from last year.

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inman.com - After climbing continuously for well over a month, mortgages rates slipped this week.

Rates on 30-year fixed-rate mortgages averaged 3.93 percent with an average point of 0.8 percent for the week ending June 20, down from 3.98 percent last week but up from 3.66 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

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inman.com - As home prices continued to climb, existing-home sales hit their highest level since November 2009 when a tax stimulus was fueling sales, according to the National Association of Realtors (NAR).

Existing home sales rose 4.2 percent to a seasonally adjusted annual rate of 5.18 million in May from 4.97 million in April, NAR reported.

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cbsnews.com - The watchword in the real estate world comes in triplicate: location, location, location.

That adage can really work against you as a home buyer, particularly in today's seller's market. Homes in the most desirable locations in any city are snapped up within days of going on the market -- and at increasingly high prices.

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Wall Street Journal - U.S. home builders reported the best conditions in the housing market since the mid-2000s boom, the latest sign home sales are becoming more robust and will power the U.S. economy this year.

The National Association of Home Builders, an industry trade group, said Monday that its housing-market index leapt to a reading of 52 in June, up by eight points from May. The jump was the biggest since the summer 2002.

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Mortgage rates climbed for the sixth consecutive week but remain relatively low by historical standards. The uptick in rates can be attributed to improving economic reports and speculation that the Federal Reserve will scale back bond purchases.

The average rate on a 30-year fixed loan achieved a 14-month high and is closing in on the 4 percent mark. According to the latest survey by mortgage buyer Freddie Mac, the average on a 30-year fixed-rate mortgage is up 0.07 percentage point from last week, climbing from 3.91 percent to 3.98 percent.

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