Housing Slump Over?

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Enhance Your Listing With a Virtual Tour

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Want to hear a revealing statistic? 87% of all home buyers begin their search for homes on the Internet. If you are selling your home, your primary concern should be how to ensure that your home gets the most exposure to qualified buyers. That is where a virtual tour comes into play.

In today's media enriched marketplace it is essential to appeal to the ever growing tech savvy consumer. In a recent survey, 99% of home buyers prefer listings with multiple photos or virtual tours. In speaking with my clients, it is evident that homes without tours receive a lot less attention. I have to admit that when I am searching for the perfect home for a client, if I can't see the inside of the home through either a tour a photos, I may not show the home.

A virtual tour can easily be sent out to multiple internet and real estate sites, including: Yahoo Real Estate, Trulia, Google Base, MSN, The Wall Street Journal, and the leading national real estate websites such as: RE/MAX, Coldwell Bamker, Prudential and Century 21.

A virtual tour will greatly expand the exposure of your listing, and if you don't have one, get one! it is definately worth the $75 investment.

For a sample virtual tour, click here.

Take Action: Write Your Representatives

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The housing market still has a steep hill to climb to fully recover, there are however good signs indicating the recovery may have begun. The $8,000 First-Time Home Buyer tax credit has helped to stimulate growth in many areas. Without the tax credit the housing market would surely be a whole lot worse off than we are today.

On December 1st the $8,000 tax credit will expire, leaving question as to what will become of the local real estate market and economy as well as the national markets. It is my opinion that the signs of recovery we are now seeing will diminish and will have a severely negative affect on the economy.

Join myself and thousands of other Realtors who have taken action by writing to your congressmen. As their constituents and concerned citizens, you can have a voice and a positive impact on getting the Federal tax credit extended and expaned. uncertaintly about the future of the credit will dampen consumer demand.

We have already gained traction and momentum but we need the tax credit to be extended soon. Please help out by sending a letter to your representatives requesting that the first-time home buyer tax credit be extended well into 2010.

Please follow the link to identify your representative and gain their contact information.
http://www.utah.gov/government/contactgov.html

3 Short Sale Tips

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According to a report published this week by Zillow.com home values in the United States have declined by over 14% (year-over-year) for the first quarter of 2009. In addition, 1 in every 5 homes in the U.S. has negative equity.

When you look at the giant real estate picture it is obvious why there are so many short sales on the market. The good news is that if you are a qualified buyer, there may not be a better time to buy a home than right now.

If you are considering buying a short sale, let me give you 3 short sale tips.

1. Don't go about it alone. Use a Realtor who has experience with distressed properties and in doing short sales. A real estate agent who has experience either listing or representing buyers in short sale transactions will be much more prepared to walk you through the short sale process. Warning: DO NOT use a Realtor who has never been involved in a Short Sale transaction!

2. Inspect before you buy. When you buy a short sale, you are buying the property in AS-IS condition, with the responsibility of repairs falling upon the buyers. A home inspection will cost a few hundred dollars, but may save you thousands in immediate repairs.

3. A short sale will inevitably take longer than a traditional transaction. Remember, there is a third party (the lender) involved in the decision, so be prepared to wait it out. It may take several months before you receive the keys to the home. In addition, a short sale may turn into a bidding war, so be prepared to walk away from your favorite home in favor of another.