I have the uncontrollable urge to Google, well, almost any and everything.
It started in my work, researching homes for sale.  But it’s gotten to the point that I Google every person I meet, am about to meet, or have recently met, every question that comes to mind or debate that comes up, every question my kids ask me and I don’t know the right answer.  ”Google it”.
Typing “how do you know if” is auto-completed with “a guy likes you?” and “you’re pregnant?” But to end the question “how do you know whether …” Google suggests alternatives like “whether an image is copyrighted?” “a function is even or odd?” and “an inequality has no solution?” I’m  captivated by other people’s online search behavior. When I type my questions into the search bar, often I’ll leave the last few words off, just to see what Google auto-populates into the form, as a peek inside what other searchers are looking for. The mix of highbrow and lowbrow things about which today’s inquiring minds want to know is pretty entertaining.
Unfortunately, not enough of the online search-obsessed are in the market for a home or a solution to a housing issue to get Google to suggest real estate-related subjects for the most common questions people begin typing.
But after many years of living and breathing the stuff of what real estate users care about, I can probably take a guess at what the real estate-related online search obsessions are, and can even categorize them into syndromes in the same vein as my own personal Google tic:
1. The Online House Hunting Tic. These are the folks who are always online, looking at listings, searching for houses — whether they are actually looking for homes or not! (Frankly, this is just an online extension of the behavior symptomized by an obsession with TV shows like “House Hunters” and “House Hunters International” — see a related article at Inman News: “Behind the scenes at ‘House Hunters International.’ “)
And there are several variants on this. Some people just want to know what’s on the market in their neighborhoods and their towns. Others take a more escapist approach, searching for homes in the areas they fantasize about living in, whether or not they actually have any sort of plan on moving. Life would be perfect if …

2. The Open House Tic. This is a hybrid online and offline version of the fixation exhibited by those who get online every Friday and Saturday to prepare their plan of attack for Sunday open houses. This behavior is completely normal and, even, advisable, in actual house hunters — people who are actually in the market to buy a home, or even home sellers who are (wisely) seeking to scope out the competition.
But it takes on a compulsive element when people who have just bought a home, or have no intention of buying a home anytime soon keep open-house hunting as a weekly habit.To be fair, this goes on the list of relatively harmless vices, except to the extent that it signals or churns up that feeling of constant discontent, that sense that the home you have is never quite enough.
Market conditions these last few years have only caused this epidemic to spread, as every time we think rates have gotten about as low as they ever have or ever will, it seems like a new “historic low” benchmark is set the very next week.

3. Interest Rate OCD(obsessive-compulsive disorder). Chances are good that you know someone who suffers from these symptoms: obsessively checking online mortgage and news sites to see whether mortgage interest rates have gone up or down, often either (a) dropping an email to their mortgage broker afterward to see whether they’ve dropped low enough to warrant a refinance, or (b) freaking entirely out that they locked their interest rate or refinanced too soon to catch the very lowest rates.

4. Amateur Appraiser Syndrome.The advent of home-value estimates on various real estate sites has caused some people to fixate on what the sites say is the value of their home. That’s not that strange, considering that our homes are our biggest assets and that they have taken such a hit in value of late.
However, it becomes a little strange when you leverage these sites to voyeuristic purposes, tackling your Christmas card address list or your friends’ and neighbors’ addresses to figure out what the algorithm says their homes are worth, and why you do or don’t agree with that.

5. Incessant Redecorating Syndrome. Typically, people suffering from Incessant Redecorating Syndrome tend to prowl celebrity home listings and luxury home sites, as well as home decor and furnishing sites, well, incessantly, even if they live in a fully furnished rental or just peeled the stickers off their new furniture at home.
And they often do these searches on their laptops, while watching home remodeling shows on television or flipping through home decor magazines.
It’s a compulsion.
These behaviors, which are actually smart and a great use of technology if you’re readying to make an actual real estate move, can become obsessive and even a distraction from other things you should be doing if you persist at it, allowing it to take up a large amount of your time, even when you have no intention or even the vaguest plan of making a move.
Solution?  www.jennariley.com  Everything you need in one pretty package.

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Short Sale Scenario Question?

Here’s a debate-able question in our industry right now…If a home is offered as a short sale because the owner is unemployed and cannot make payments–what happens if that owner gets a job and is in the midst of closing a short sale offer?

The agreement (Offer to Purchase, P&S)  is between buyer and seller, the short sale is based upon 3rd party approval.  I have witnesses most 3rd party approvals including language that requires the owner/seller to disclose any changes in financial/material facts and that if the hardship is no longer valid the approval is no longer valid. If the seller hides information from the 3rd party that would affect the short sale approval, they could be in “big trouble”.  Also, the aim of a short sale is to be a viable solution for someone who cannot continue payments and a has a hardship. Hardship is a necessary component to short sale approval.  As Realtors we aim to help owners first stay in the home, and if not help them with their next best option.  It is my understanding it is not a “get out of jail free card”.

With all that said…the majority of the banks involved in these short sales are confused themselves.  We are forced to run around in circles to satisfy all of their demands, when their right hand has no clue what the left hand is doing.  Definitely consult your attorney and put your seat belt on.

That’s my 2 cents …. thoughts??

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Selling during the Holidays??

It’s that time of year again.

As we near the holidays, many prospective home sellers will struggle with the question, “Do I list my home now or wait until after the snow melts???

The answer may hinge on your personal financial situation and motivation to sell, but there are some good reasons to show your home during the holidays.

The average 30-year fixed rate mortgage has remained below 6 percent for almost three years.

On occasion, rates have fallen below 4 percent in the last few weeks but there is little reason to think they will drop any further.

The more likely scenario is for rates to edge up slightly in 2011 as we near the presidential election.

For the most part, prices are beginning to stabilize in our area and it’s getting harder to negotiate huge discounts off a properly priced home.

While there are still more sellers than buyers, there is no question that the best homes sell quickly when market ready.

Let’s explore seven reasons to list your home for sale during the holidays:

1. Houses show better when decorated for the holidays – especially when they’re professionally staged. This is my favorite reason so it always goes at the top of the list.

2. Lookers during the holidays are normally more serious buyers. Maybe they’re hoping to buy quickly and move-in before the New Year.

3. The number of listings usually declines during the last few months of the year.

There is no reason to believe that this November and December will be any different. Serious buyers have fewer houses to choose from and less competition could mean a quicker sale and more money for you.

4. The opposite is true in January and February.

As the supply of available homes begins to build, there will be more homes competing for attention. More homes to choose from means less money for those who wait to sell.

5. Worried about the disruption of showing your home during the holiday season?

You can be actively marketing your home, but restrict showings on days or at specific times that could potentially interrupt your holiday plans.

6. You can sell now for more money and possibly negotiate a delayed closing or extended occupancy until early next year!

7. By selling now, you may have an opportunity to be a non-contingent buyer during the early spring, when many more houses are on the market for less money.

Just ask yourself; If  you received an attractive offer on Dec. 25th, would you accept it?

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