TRENDS Report: The Internet Has Forever Changed Real Estate. In 2004, blogs unexpectedly vaulted into the forefront of major media, where today there are thought to be approximately 30 million “bloggers” worldwide. Blogging provides yet another tool to help real estate agents maintain an open dialogue with their clients and provide them with valuable information. By posting local current events or financing updates alongside listings, agents can establish themselves as the expert in a specialized area. Click here to read more.
Vacation Homes: Profit Castles? When you consider purchasing additional real estate, think beyond the primary-residential market to the possibilities that vacation homes offer. According to investment prognosticator Harry Dent, baby boomers will continue to buy vacation homes into their late 50s and mid-60s. The National Association of Realtors reports that boomers age 55 and up constitute the driving force behind the buying of vacation homes. Smart buyers are heading for hot resort areas -- like Orlando, Phoenix, and Baja California -- and are seeing excellent growth for their investment. Click here to read more.
Exotic mortgages unlikely to bring massive defaults, study finds. The potential loan losses from new types of adjustable-rate mortgages issued since 2004 is relatively small, according to a recent study. Defaults on these loans could result in $110 billion in losses nationwide over the next five years, less than 1 percent of the total amount of home loans sold in 2004 and the first three quarters of 2005, said Christopher Cagan, an economist at First American Real Estate Solutions, a division of title insurer First American Corp., which conducted the study. Click here to read more.
Free Web sites can maximize real estate marketing. Web marketing is like searching for a needle in a haystack. The more places you have your needles, the more people will find you. Most agents have their listings posted on their local Multiple Listing Service (MLS), their national company site, their local company site, and on their own Web page. There are a number of other great ways to achieve maximum exposure on the Web. Last week's article looked at strategies for search-engine placement on the major search engines as well as Realtor.com. Today's issue looks at sites that will let you post your listings for free. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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