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Real Estate News

Real Estate News

By Jim Parker

.....Welcome to my Podcasts.....

I help people buy and sell houses. I also share information, news, and topics about the real estate industry; how they may affect the metro Atlanta real estate market; pose problems and solutions; and address issues that may influence decisions to buy or sell real estate.

Check out my blog: abiblog.abuyeragent.com for details to these or other topics.

ACCESS BROKERAGE, INC.
Broker - Jim Parker
770-265-7293
jim@abuyeragent.com
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Office of Georgia Insurance & Safety Fire Commissioner

Real Estate NewsOct 05, 2019

00:00
10:56
Here’s How to Prepare Your House for Its Real Estate Photo Op
Mar 12, 202403:35
Build to rent properties
Mar 06, 202403:37
Investors bought 26% of the most affordable homes in America
Feb 27, 202403:37
Bad commercial real estate loans put strain on banking system
Feb 23, 202405:29
Short term property rentals in your Georgia neighborhood
Feb 20, 202403:13
Foreclosures are up
Feb 17, 202402:57
Frugal Home Buyers - 5 important factors
Feb 15, 202403:14
Zillow files antitrust suit against real estate listing services
Feb 15, 202403:07
Atlanta median sales price jumps 7%
Feb 06, 202401:44
The Top Ten ROI Home Improvements
Feb 02, 202404:26
Cyberattack hits major title insurance firm
Jan 24, 202402:56
Miscellaneous January 2024 topics
Jan 16, 202417:15
Reverse Mortgage Class Action Lawsuit
Jan 04, 202404:14
What will the 2024 residential real estate market look like?

What will the 2024 residential real estate market look like?

hee hoo!

Dec 29, 202303:09
Real Estate's 80/20 Rule - An Introduction To Mortgage Insurance⁠
Dec 27, 202304:32
12 Costly Red Flags I Look for During a Home Inspection
Dec 14, 202302:10
Early December 2023 topics
Dec 06, 202304:32
Rocket Mortgage facing class action lawsuit
Nov 16, 202305:13
Fannie and Freddie face dilemma in loan repurchases
Nov 11, 202305:43
U.S. Foreclosure Activity Shows Continued Rise In Third Quarter, Approaching Levels Seen Before Pandemic
Nov 04, 202303:43
NAR lawsuits ‘a seismic event’ for agents, portals
Oct 19, 202307:18
What is HECM for Purchase?
Oct 12, 202302:55
Are ‘What Ifs’ Paralyzing Your Home-Selling Hopes? Here’s a Reality Check
Oct 10, 202307:45
Zillow wins jury verdict in lawsuit over its display of non-MLS home listings
Oct 05, 202302:23
Redfin is Leaving NAR
Oct 03, 202303:58
How a Government Shutdown Could Impact the Industry
Sep 28, 202304:46
Realty Report: Is home staging worth it?

Realty Report: Is home staging worth it?

Realty Report: Is home staging worth it? - buyers reasonably come with expectations of what they want their new home to look like, sellers benefit from looking at their home with a buyer’s lens. remove visual distractions from your home


The home improvement items real estate agents say they recommend most to their clients before listing a property include:

· Decluttering: 96 percent

· Entire home cleaning: 88 percent

· Remove pets during showings: 83 percent

· Professional photos: 73 percent

· Minor repairs: 72 percent

· Carpet cleaning: 71 percent

· Depersonalize home: 65 percent

· Painting: 58 percent

· Landscaping: 50 percent

· Grouting: 30 percent

Source: “2023 Profile of Home Staging,” National Association of REALTORS®

NAR Report of Staging

Sep 20, 202302:14
Mid September 2023 topics
Sep 15, 202309:13
Home buying ideas for hard core renters
Sep 14, 202302:34
What Is a Broker Price Opinion (BPO) in Real Estate?
Sep 06, 202303:54
Miscellaneous Topics - End of August 2023
Aug 31, 202307:33
Appraisal Gap Waivers
Aug 28, 202302:20
Difference between fixtures (real property) and objects (personal property)

Difference between fixtures (real property) and objects (personal property)

First, it's important for two reasons - (1) Fixtures normally stay with the property and objects go with the seller.   (2) Fixtures are normally attached and go with the sale of property and transfer ownership tio the new owner, unless specifically mentioned they don't.


What are real estate fixtures? Fixtures are considered real property: They “belong” to the estate. In contrast, personal property belongs to the individual owner (seller or family member) and is generally portable. Fixtures typically transfer their ownership along with the home while you’re free to take personal property with you when you sell. - a feature, item or object that is permanently attached or affixed to the property in some way - it’s been installed to stay in place; it’s not easily portable

The MARIA test

To identify whether something is a fixture, agents and other real estate pros apply a sort of test — a set of measures or characteristics to judge whether something counts as a fixture. Each letter in MARIA is an acronym for these criteria, any one of which can affect fixture status:

  • Method of attachment: Items permanently attached to the property, such as by cement or screws are usually considered fixtures.
  • Adaptability: Items adapted to a specific purpose in the home and that have become an essential piece of the home, such as floating flooring or a pool cover, are fixtures.
  • Relationship of the parties: The status of each party can determine whether something is a fixture. If a homeowner installs something, it’s more likely to be considered a fixture than if it was put there by a tenant who is renting the home.
  • Intention: The intent of the person who put the item in the home matters. If they clearly intended it to be a permanent (or sufficiently long-term) addition to the home, such as a stove or washer/dryer, it’s a fixture.
  • Agreement: Anything itemized and identified in a certain way in the purchase and sale agreement gets its status from that agreement. If the contract states something will remain in the home or is a fixture, it becomes one.



Aug 23, 202304:41
How Zillow Group is thinking about AI (Wal Mart of Real Estate Services) and the future of real estate (Agents)
Aug 08, 202305:13
The Real Estate Appraisal Process
Aug 01, 202305:53
Termite Inspections: Cost and What to Expect
Jul 25, 202306:27
Question of the Day - 7-15-2023
Jul 15, 202301:50
Massechussetts real estate lawyers must disclose pay from title insurance to homebuyers
Jul 14, 202305:05
Which HOA Rules Can Be Enforced – and Which Can’t?
Jul 07, 202305:40
Miscellaneous topics end of June

Miscellaneous topics end of June


https://humrealestate.com/blog/the-impact-of-inflation-on-mortgage-rates - Don’t let headlines about the latest decision from the Fed confuse you. Where mortgage rates go from here depends on what happens with inflation. If inflation cools, mortgage rates should tick down as a result.

Zillow shutters closing and title division - Despite its efforts to be a one-stop shop for homebuyers from search to close, Zillow has determined that its Zillow Closing Services division has become a weak link in the chain.

NAR: Contract Signings Flat, More Inventory ‘Critical' - contract signings flat in April compared to March. Nevertheless, contract signings are 20.3% below last year’s bustling pace.

Zombie Foreclosures Keep Increasing But Remain A Tiny Presence Around Most Of U.S. - 1.3 million (1,285,633) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation.

-311,508 residential properties in the U.S. are in the process of foreclosure in the second quarter of this year, up 4.3% from the first quarter of 2023 and up 20.2%from the second quarter of 2022. A growing number of homeowners have faced possible foreclosure since a nationwide moratorium on lenders pursuing delinquent homeowners, imposed after the Coronavirus pandemic hit in early 2020, was lifted in the middle of 2021 (Note: But the income tax burden on cancelled mortgage debt has expired, so double whammy.)

Tax Implications Following Foreclosure: What You Need to Know - it’s vital to understand that the IRS considers most canceled debt income because you benefit from not having to pay the additional amount owed on a loan.

What is meant by the word Escrow? - simply put, escrow means "setting aside money for any number of purposes related to closing a real estate trasnaction - normally homeowner's insurance, property taxes, and mortgage insurance, but it could mean setting aside funds for repairs after closing, or to pay other debts, liens, or related costs that are not typical to closing agent or lender.



Jun 30, 202304:40
What Is a Real Estate Excise Tax? (And How Much Does It Cost Buyers and Sellers?)
Jun 27, 202302:56
A mid-year real estate report for metro Atlanta
Jun 22, 202303:41
Mortgage fee changes raise costs for some, lower costs for others
Jun 07, 202303:34
Avoid Legal Snafus Around Canceled Contracts
May 31, 202304:01
Foreclosures Jump—Is Another Wave About To Flood the Housing Market?
May 24, 202302:47
Real estate investors selling more homes at a loss
May 16, 202304:04
Build to Rent Housing Industry
May 09, 202305:16
Measuring the Cost of Real Estate Wire Fraud
May 04, 202304:17
Association Foreclosure In This Current Housing Market
Apr 25, 202303:57
Realty group’s 40-year listing agreements causing pain

Realty group’s 40-year listing agreements causing pain

Update 5-18-2023:

Real estate company accused of tricking customers into 'oppressive' 40-year contracts - North Carolina Attorney General Josh Stein is sharing new details about a lawsuit he filed against real estate company MV Realty, alleging the company tricked customers into signing unfair and predatory contracts while buying homes.  Realty group’s 40-year listing agreements causing pain

A controversial real estate company has been signing up thousands of Georgians for its 40-year listing agreements.

But since a Channel 2 Action News investigation in the fall, that all appears to have been put on pause.

Channel 2 consumer investigator Justin Gray has found since our investigations into MV Realty started, there have been no new signed agreements filed here in Georgia.


Talk about the Federal Government being out of touch...

FHA approved 40-year mortgage for homebuyers in MayFHA approved 40-year mortgage for homebuyers in May

The Federal Housing Administration announced it's increasing term options to include a 40-year mortgage in May. Dan O'Connell, a Valley mortgage broker with OC Home Loans, works with people looking to buy homes or refinance. "The short term is just that you're going to get a lower payment and a payment that you can afford," he said.


Apr 19, 202304:02