Archive for February 2010
SellMyHouse.com is now on Twitter:
http://twitter.com/sellmyhousecom
www.SellMyHouse.com will be getting a face lift. The updated site will go live in March.
www.AmericasBestRehabs.com will go live in March. It is has been in Beta testing.
www.BuilderLeasePurchase.com is being redesigned and will launch in March along with the marketing campaign to expand in markets where we currently have a Realtor Partner. The new site will expand from builders to rehab investors and single family sellers.
http://www.sellmyhouse.com/community/ Our blog will be getting a facelift. Feel free to register and begin commenting on news and events with your specific contact info, market conditions, etc. An integrated news feature will eventually be buillt into the www.sellmyhouse.com template.
Realtor Questions Answered:
“What is the difference between a Realtor Partner and a basic Realtor Affiliate?”
An Affiliate is a Realtor who just gets leads from SMH but does not actively market the company via sign riders or participate in the company’s expanded marketing programs such as our fsbo business, lease sites, investor networks, or other marketing systems. The Affiliate program will be phased out over the next few years.Under the Realtor Partner Program we end up building our entire business around the Realtor. They have direct access to all of our brands, partnerships, and services. In 2010, we have begun the process of hiring marketing reps in Realtor Partner markets to expand lead volume in all facets of our business.
“Do you offer personal websites for your Realtors?”
It’s in the planning stage. In the future we plan to offer a these customized sites that will have built in blogs, news, etc fed from sellmyhouse.com with the goal of improving the SEO rankings in each market while creating a marketing platform for each of our Realtors.
“What is the average lead volume you generate for your Realtors?”There are many factors to consider including size of the market, market conditions, etc. However, the primary factor in our lead volume stats comes down to marketing efforts. We are a referral based company so it makes sense that we would concentrate our marketing dollars in markets where our Realtors are also actively marketing the brand as well. The best way to explain it is simply in our Realtor Partner markets where they add our sign riders to our listings or participate in our FSBO marketing program, our corporate offices allocate marketing resources to expand lead volume in these markets. The www.SellMyHouse.com Realtor Affiliate Program is primarily a by-product of our national internet presence. Lead volume expands dramatically in Partner markets where we do direct marketing campaigns.
Have a great week!
The SellMyHouse.com Team
Realtor Partners · Realtors · sell my house · sellmyhouse.com · SEO
24
1 in 4 Homes with Mortgages Underwater
No comments · Posted by admin in JKR Investment Group
We just got the report from First American Core Logic regarding mortgage statistics.
24% of houses with a mortgage are now underwater, over 11 million in total. Another 2.3 million are within 5% of a negative equity position.
Highlights of the report:
“Negative equity continues to be concentrated in five states: Nevada , which had the highest percentage negative equity with 70 percent of all of its mortgaged properties underwater, followed by Arizona (51 percent), Florida (48 percent), Michigan (39 percent) and California (35 percent).
We can use our houses as piggy banks when the market it dropping. www.SellMyHouse.com has seen estimates that predict houses could drop another 15% from current levels….or 50% from 2006 valuations.
Hope not but time will tell.
www.SellMyHouse.com Staff Writer
Bank Owned · Foreclosures · Home Prices · housing market · sell my house · short sale · stop foreclosure
24
Freddie Mac in Serious Trouble
No comments · Posted by admin in Bank Owned, Foreclosure, Home Sales Stats, REO
How are these for statistics:
Last year Freddie lost almost $26 BILLION. Over the last 3 years that total is approaching $80 Billion. Almost 4% of loans on their books are at least 3 Months behind. Between Freddie and Fannie last year, they backed almost 70% of the new mortgages.
Freddie Mac warned there is “significant uncertainty as to whether or when we will emerge” from government control. “We now have unlimited taxpayer exposure to the bailout of Fannie and Freddie, a bailout nation where the big get bigger, the small get smaller and the taxpayer gets poorer,” Rep. Jeb Hensarling, R-Texas, said at a House hearing Wednesday.
Charles Haldeman, Freddie’s CEO warned today of a “potential large wave of foreclosures” still to come.
At www.sellmyhouse.com, the number of phone calls we get daily from people afraid of losing their house has gone up, not down. We worry that after this Spring season is over and the Tax Credit is gone, and the massive wave of foreclosures hit the market, and the job market keeps getting worse, and the…. and the…..we’ll have to pay the piper. And the payee this time is the Government. We’ve just put of the inevitable for a few more years and made everybody feel like all is well. Of course everybody does not include main street America. We’ve been paying the piper the entire time…guess where the Government gets their money!
Hold on..it’s not over yet! Our investor network is going to have a tremendous few years.
www.SellMyHouse.com Staff Writter
New home sales plummet 11.2 percent in January to annual rate of 309,000, lowest on record.
January’s weakness was evident in all regions except the Midwest, where sales posted a 2.1 percent increase. Sales were down 35 percent in the Northeast, 12 percent in the West and almost 10 percent in the South.
The drop in sales pushed the median sales price down to $203.500. That was down 5.6 percent from December’s median sales price of $215,600, and off 2.4 percent from year-ago prices.
New home sales for all of 2009 had fallen by almost 23 percent to 374,000, the worst year on record. The National Association of Home Builders is forecasting that sales will rise to more than 500,000 sales this year, an improvement from 2009 but still far below the boom years of 2003 through 2006 when builders clocked more than 1 million new home sales per year.
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24
Hope For Those Working Short Sales?
No comments · Posted by admin in Bank Owned, Foreclosure, REO, Short Sales
It has been reported that actual short sale closings in January have started to move higher as a percentage of transactions.
Short sales accounted for 15.9% of home purchase transactions.
Damaged real estate owned or REO (13.4%)
Move-in ready REO (13.8%) – and represented a big jump for short sales.
Are these banks are beginning to catch on?
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