Archive for July, 2011

Craigslist Scams Bite Hard on Potential Renters Looking For Deals

You’ve heard it said before, “South Florida is the mecca of fraud” and this time scammers are targeting potential renters looking for deals. After reading a few articles on the topic, I thought I needed to post this on the HomeGain Blog. I work with renters coming from around the country looking for seasonal rentals, short terms rentals, and annual rentals. Naturally everybody wants the deal of a lifetime.

When potential renters arrive in Florida they are shocked to see that most homes and condos for rent require a first month, last month, and security deposit; also a great place for a potential tenant to be scammed by shelling out that kind of money all at once, but I’ll save that blog post for another time. Upon arrival to Florida often times the renters are shocked when I tell them the list of properties they wanted to see have all already been rented. What I do is provide a list of rentals that matches their criteria and we go check them out. Most of the time, the client will take my word for it and understand just how hot the rental market is.

Here is where the scammer comes in. Since the client has only worked with me for a day, they will go online themselves to various websites, possibly even Craigslist, not knowing if I am telling them the truth that the rentals they wanted were taken. The scared client calls the telephone # of an ad they seen on Craigslist. The client sees this beautiful 2,000 sq/ft homes with a pool listed at $1,200 a month when actually that same home is listed at $2,400 a month in the MLS. The scammer will use the exact same photos of the house and even make a fake email address. For example, if the name on the deed is Alex Bentley, the scammer will make up an email like alex.bentley@gmail.com. Continue reading this post

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Posted by: Robert Worthington on July 27th, 2011 under Best Practices

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First Quarter Multi-Family Sales Results

The State of San Francisco

Jay Greenberg reports on Q1 results for 5-9 unit and 10+ unit sector in a good article for the SFAA magazine. All in all it was encouraging in that multi-family sectors are certainly showing bullish signs after the housing bust. Sales are up, rental demand is strong and better pricing makes a compelling case for value.

5-9 Sector
This sector is now at the lowest price per sq. foot in five years. The price in 2007 was $296 and peaked in 2008 at $325. Q1 2011 is at $296 per sq ft. In 2007 the gross rent multiplier (GRM) was slightly better than 17. Q1 2011, we are looking at an average GRM of 12.09.

10+ sector
Price per sq ft in 20007 was $290. For Q1 2011 we are at $227. GRM in 2007 stood at 14.77. Today the average GRM is 11.22. Continue reading this post

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Posted by: Howard Sobel on July 25th, 2011 under Guest Bloggers, HomeGain, Regional

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HomeGain Releases 2nd Quarter 2011 Nevada Home Values Survey Results

Eighty-two percent of Nevada real estate professionals expect home prices to decline over the next six months

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the second quarter 2011 results of our nationwide home values survey of over 750 HomeGain current and former members and 2,600 home owners. The HomeGain survey asked their opinions on home prices and what they thought of President Obama’s performance. On this blog we published the 2nd quarter 2011 national results as well as the complete 2nd quarter 2011 regional results, including commentary from real estate agents and brokers and homeowners.

nevada_edit

On this real estate blog we published the 2nd quarter 2011 national results as well as the complete 2nd quarter 2011 regional results, including commentary from real estate agents and brokers.Earlier this month we released the California 2nd quarter 2011 home values survey data and the Florida 2nd quarter 2011 home values survey data, the 2nd quarter 2011 Texas home prices survey data, the 2nd quarter 2011 New York home prices survey data, the 2nd quarter 2011 New Jersey home values survey data, the Illinois 2nd quarter 2011 home values survey data, Virginia 2nd quarter 2011 home prices survey data the North Carolina 2nd quarter 2011 home values survey data, the Massachusetts 2nd quarter 2011 home values survey data, the Arizona 2nd quarter 2011 home prices survey data, the Washington 2nd quarter 2011 home values survey data, the Pennsylvania 2nd quarter 2011 home values survey data, the Georgia 2nd quarter 2011 home values survey data and the Colorado 2nd quarter 2011 home values survey data.

Today we are releasing the Nevada home prices survey results.

Set forth below is the second quarter 2010 real estate professional and homeowner Nevada home prices survey data along with the second quarter 2010 real estate professional survey data along with the first quarter 2011 national home prices survey data. Click on each question to see complete results:

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. What percentage of homes for sale are foreclosures in your area?
  8. What is the average home price in your area?
  9. What percentage of your clients are first-time buyers?
  10. How do you think Barack Obama is performing in his role as President?

Continue reading this post

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Posted by: Louis Cammarosano on July 22nd, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, Polls, Regional

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HomeGain Releases 2nd Quarter 2011 Colorado Home Values Survey Results

Sixty percent of Colorado real estate professionals expect home prices to stay the same over the next six months

Last month, HomeGain, one of  the first companies to provide free instant home valuations online, released the results of our second quarter 2011 nationwide home values survey of over 750 HomeGain current and former members and 2,600 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President.

colorado_with_border

On this real estate blog we published the 2nd quarter 2011 national results as well as the complete 2nd quarter 2011 regional results, including commentary from real estate agents and brokers.Earlier this month we released the California 2nd quarter 2011 home values survey data and the Florida 2nd quarter 2011 home values survey data, the 2nd quarter 2011 Texas home prices survey data, the 2nd quarter 2011 New York home prices survey data, the 2nd quarter 2011 New Jersey home values survey data, the Illinois 2nd quarter 2011 home values survey data, Virginia 2nd quarter 2011 home prices survey data the North Carolina 2nd quarter 2011 home values survey data, the Massachusetts 2nd quarter 2011 home values survey data, the Arizona 2nd quarter 2011 home prices survey data, the Washington 2nd quarter 2011 home values survey data, the Pennsylvania 2nd quarter 2011 home values survey data, and the Georgia 2nd quarter 2011 home values survey data.

Today we are releasing the Colorado home prices survey results.

Set forth below is the second quarter 2011 real estate professional and home owner Colorado home prices survey data along with the second quarter 2010 real estate professional survey data and the first quarter 2011 national home prices survey data: (click on each question to see complete results):

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. What percentage of homes for sale are foreclosures in your area?
  8. What is the average home price in your area?
  9. What percentage of your clients are first-time buyers?
  10. How do you think Barack Obama is performing in his role as President?

Continue reading this post

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Posted by: Louis Cammarosano on July 22nd, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain

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HomeGain Releases 2nd Quarter 2011 Arizona Home Values Survey Results

Fifity percent of Arizona Real Estate Professionals think home prices will stay the same over the next six months; Forty-four percent of home owners think home prices will decrease

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the results of our second quarter 2011 nationwide home values survey of over 750 HomeGain current and former members and 2,600 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President.

On this real estate blog we published the 2nd quarter 2011 national results as well as the complete 2nd quarter 2011 regional results, including commentary from real estate agents and brokers. Earlier this month we released the California 2nd quarter 2011 home values survey data and the Florida 2nd quarter 2011 home values survey data, the 2nd quarter 2011 Texas home prices survey data , the 2nd quarter 2011 New York home prices survey data, the 2nd quarter 2011 New Jersey home values survey data, the Illinois 2nd quarter 2011 home values survey data, Virginia 2nd quarter 2011 home prices survey data the North Carolina 2nd quarter 2011 home values survey data and the Massachusetts 2nd quarter 2011 home values survey data.

Today we are also releasing the Arizona home values survey.

Set forth below is the second quarter 2011 real estate professional and home owner Arizona home prices survey data along with the second quarter 2010 real estate professional survey data and the first quarter 2011 national home prices survey data: (click on each question to see complete results):

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. What percentage of homes for sale are foreclosures in your area?
  8. What is the average home price in your area?
  9. What percentage of your clients are first-time buyers?
  10. How do you think Barack Obama is performing in his role as President?

Continue reading this post

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Posted by: Louis Cammarosano on July 21st, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, Polls

1 Comment »

HomeGain Releases 2nd Quarter 2011 Virginia Home Values Survey

Forty-eight percent of Virginia real estate professionals expect home prices to decrease in the next six months

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the results of our second quarter 2011 nationwide home values survey of over 750 HomeGain current and former members and 2,600 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 2nd quarter 2011 national results as well as the complete 2nd quarter 2011 regional results, including commentary from real estate agents and brokers.

Earlier this month we released the California 2nd quarter 2011 home values survey data and the Florida 2nd quarter 2011 home values survey data, the 2nd quarter 2011 Texas home prices survey data , the 2nd quarter 2011 New York home prices survey data, the 2nd quarter 2011 New Jersey home values survey data, the Illinois 2nd quarter 2011 home values survey data, the North Carolina 2nd quarter 2011 home values survey data, the Massachusetts 2nd quarter 2011 home values survey data, the Georgia 2nd quarter 2011 home values survey data, and the Pennsylvania 2nd quarter 2011 home values survey data. We will be releasing the Arizona, Colorado, and Nevada survey data soon.

Today we are releasing the Virginia home prices survey results today.

Set forth below is the second quarter 2011 real estate professional and home owner Virginia home prices survey data along with the second quarter 2010 real estate professional survey data and the first quarter 2011 national home prices survey data (click on each question to see complete results):

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. What percentage of homes for sale are foreclosures in your area?
  8. What is the average home price in your area?
  9. What percentage of your clients are first-time buyers?
  10. How do you think Barack Obama is performing in his role as President?

Continue reading this post

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Posted by: Louis Cammarosano on July 21st, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain

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