LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED

Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458,
prohibiting a deficiency after a short sale for one-to-four residential
units, regardless of whether the lender is a senior or junior
lienholder.  Effective immediately for transactions closing escrow from
this day forward, both senior and junior lienholders cannot require a
borrower to owe or pay for a deficiency in a short sale.  This law also
prohibits any deficiency judgment to be requested or rendered for senior
or junior liens after a short sale of one-to-four residential units.
Any purported waiver of this rule shall be void and against public
policy.

Although a lender cannot require a borrower to pay any additional
compensation in exchange for a short sale approval, the new law does not
prohibit a borrower from voluntarily offering a monetary contribution
to a lender in hopes of obtaining a short sale.  A lender is also
permitted under the new law to negotiate for a contribution from someone
other than the borrower, such as other lenders, agents, relatives, and
the like.

Exceptions to the new law include a lender seeking damages for a
borrower’s fraud or waste; a borrower that is a corporation, LLC,
limited partnership, or political subdivision of the state; a lien
secured by a bond as specified; a public utility lien; and additional
rules apply if a note is cross-collateralized by more than one property.

Create a Website for a Property Listing

In my previous blog post, I discussed the importance of marketing a clients’ home on the web, using multiple platforms like Google, Facebook and Twitter.  In the current situation of the San Diego housing market, Realtors must utilize as many tools as possible.  Today I’d like to share the service I am using to Create a Website for a Property Listing.  In my next blog post, I’ll show you how to get the website to the top of the first page of Google. 

First and foremost, I am not a tech genius, and I have no financial interest in what I’m about to reveal. 

Over the last couple of months I’ve researching the best way to Create a Website for a Property Listing.  Last Tuesday I was introduced to Epropertysites.com, where you can create a fully functional website, equipped with pictures, virtual tour, local demographics, maps, loan calculator and tons of other great tools.    

A few of my favorite features of Epropertysites.com include;

·         “Flip Book” Listing presentation and Marketing material that can be emailed to clients or prospects.

·          Printable flyers in different layouts and color schemes.

·         Automatic posting on Facebook, Twitter, Craigslist, You Tube, LinkedIn and Myspace

·         Text messaging with Call Capture, where Buyers can text for more property info about a listing right from their car, and all of the data including the mobile website is instantly texted right back to their mobile phone!

·         Widgets

·         Analytics

You’re probably saying to yourself, “this must cost a lot”, but believe it or not, it is only $10 per month for 10 websites.  That’s only $1 per property; to me it’s a no brainer.  To get started, visit Epropertysites.com and set up an account, you will not be prompted to pay until after you’ve created your website.  Set up a profile with your picture, company logo and contact information, then follow the on screen instructions and input the property information. 

I’m not going to do a step by step tutorial in this post; however, I will point out the importance of choosing your Title and Description.  This is a critical step when it comes to getting the website on page one of Google, which I will discuss in greater detail in my next post.  Your title should be composed of your keywords; these are the words that are being searched on the internet.  It is important to use keywords that are geographically specific, using the property sub division as opposed to the city is important.  For example, instead of using “House for Sale in San Diego”, I would use “North Clairemont Home With Views”.  Most buyers will have narrowed down their desired location to a few specific sub divisions or neighborhoods and they will search for homes using these key words.  Another tip in choosing your Title is to phrase it so you can plug it in to your description.  As a rule of thumb, your description should be between 200-350 characters and keywords should make up about 4% of the description.  This is extremely important when it comes to Search Engine Optimization (SEO). 

Here’s an example;

For Sale, a 3 bedroom, 2 bathroom North Clairemont Home With Views, situated on a large canyon lot.  This North Clairemont Home With Views features a spacious floor plan and a remodeled kitchen, including granite counter tops and stainless steel appliances.  Contact me today for an appointment to see this beautiful North Clairemont Home With Views.

I know this seems repetitive but I want my listings to be on page one of Google, where they will be seen. 

I’m going to jump off topic for a minute.

Here’s a chart showing the Organic Click Through Rate for Page 1 of Google.  As you can see, the top three spots account for almost 80% of clicks.  If your listing is not on the first page of Google, most likely, it will not be seen at all.

 

After the Title and description are complete, you’ll want to add the keywords in the “Property Features Field”, these will be your tags and they will be seen on the website.  Normally the features would contain actual features of the property but for the sake of SEO, I repeat my keywords and add any other words that may be searched by home buyers. 

Keep in mind that buyer are mainly looking at pictures, in fact 90% of the clicks on your website will be on the pictures.  Although, the repetitive text is not the most appealing method, it will get your property seen.  If your listing is on the first page of Google, and a prospective buyer is searching for a home in your particular neighborhood, they will look at the pictures and call you.  Often the description and features are not even viewed; the pictures get all the activity.

Continue to follow the Epropertysites.com on screen instructions to upload pictures, create a virtual tour and utilize many of the other website enhancements that are offered.  You can preview the website when you are finished and if you like it, buy it.  Revisions can be made easily at any time even after the website is activated.  From start to finish, this process should take no more than 30 minutes.  When you’ve completed your website you can automatically submit your listing to Facebook, Twitter, Craigslist, YouTube, LinkedIn and Myspace.  In addition, Epropertysites offers a media sharing tool where they provide links, HTML and widgets that can be plugged in to your website, emails and other Social Media sites.

Now that you know how to Create a Website for a Property Listing, in my next post, I will show you the tricks to get your listing on the first page of Google.

 For more information on the San Diego Housing Market, please check out my blog at www.sandiegohousingmarket.com.

As always, if you have any questions, please email me at Jared@SoldByJared.com

Realtor Exposes a Home to the Most Buyers

What should be the primary focus of a Listing Agent?

Easy, Exposure!

Without a doubt, a Realtor who exposes a home to the most buyers will be the Realtor providing the highest quality of service to their client.  It’s a pretty simple notion, if buyers are not exposed to the property, they will not buy it.  You would be surprised by the amount of Realtors who only use the MLS and a few flyers to market a listing.  In todays’ high tech world of Real Estate, these primitive methods do not suffice.

In order for a Realtor to expose a home to the most amount of buyers, he or she, will have to get the buyers to see the listing.  Did you know that over 90% of consumers search for homes on the internet?  In addition, over 40% of homes purchased are found buy the buyers on line.  These numbers will only increase as a result of the advancement in Technology and Social Media.

Realtor Exposes Home to the Most Buyers

How does a Realtor expose a home to the most buyers?

The easy answer would be to advertise on sites like Realtor.com, Trulia, Zillow or Redfin.  While it is true that Realtor.com, Trulia, Zillow, Redfin and others have an extremely powerful on line presence, and should be used in a marketing campaign, we must also look at how these sites use Google to get their properties seen.  A large number of the buyers using the internet to search for homes are doing so via the number one web site in the world…Google.

Another tool for a Realtor to expose a home to the most buyers is by using Social Media sites, such as Facebook and Twitter.  Think about it, these two Social Media giants have almost 1 billion users combined.  If a Realtor is not using these platforms, they are simply not able to expose a home to the most buyers possible.

What about taking it one step further and creating an entire web site for each home, and by using the sites and tools mentioned above, getting that website on the 1st page of Google?

In my blog posts to follow, I will be discussing the systems that I’ve developed to expose a home to the most buyers possible!

How Can a REALTOR®, Help YOU Purchase Your Dream Home?

                                                

There are countless decisions to be made when buying a home, and many of them will significantly affect whether or not you are able to get a contract to closing and move into your new home.   A REALTOR® can offer specialized knowledge in research, and negotiations to help you meet or exceed your goals.  According to the National Association of REALTORS®, 82 percent of home sales are the result of agent connections. 

Finding the right REALTOR® requires doing a little research and asking a few questions.  The agent you select must be diligent, knowledgeable, resourceful, and care about your needs.

Below are some key points to look for in choosing your agent.

 Your REALTOR®,should:

  • Serve as your advocate and representative when dealing with sellers, sellers’ agents and service providers.

 

  • Make you aware of all the complicated local and state requirements affecting your transaction as a buyer including disclosure requirements.

 

·         Assist you in looking at various financing options, protect you from predatory lending practice and in getting a pre-approval from a lender.

·         Assist you negotiations and in making counteroffers.

·         Prepare a Buyer’s Estimated Cost Calculation Sheet for each offer.

·         Represent you throughout the transaction from contract to closing.

·         Be knowledgeable in the technology resources that facilitate the transaction.

·         Attend the closing and mediate any last-minute obstacles to ensure a smooth, successful transaction.

·         Provide referrals to proven service providers, including title companies, inspectors, appraisers, pest control, moving companies and more.

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