Real Estate

A relative of mine has listed a house and unknown to him, the realtor lowered the asking price in the MLS (house is listed in REALTOR.COM) without first asking my relative. Can the realtor legally do this? If not, what should my relative do?

It depends on who has to approve the sale. If it is a short sale the only signature that matters is the banks, your relative does not even have to approve of offers.

Shouldn’t everybody be aware by now that housing prices do not inevitably grow? Why can’t the Realtors just admit that a house is not an investment, but rather a form of consumption?

Because they want you to ‘buy’ a house, saddle yourself with a 30 year mortgage that chances are you’ll never pay off. Then they get to ’sell’ your house again.

Everyone is talking about the cut in the interest rates for home loans. Will actually the cut gonna help in reviving the realty sector?Is it a good time to buy a property rite now or should wait for some more time?

Yes! it may ! It is the best buy trans-duration which may or may not remain further.Reduction in property prices and home loan rates could boost demand.A recovery in the property market in the next six months hinges on lower home loan rates to lure first-time buyers. Mortgage rates in India are at 12 percent to 13 percent, about twice what they are in China. That is unrealistic ! If rates are cut, the domestic demand itself will carry the country through this difficult period.It’s tough to say if a cut in interest rates will change the sentiment.In the current environment, people in India will be wary of buying property and stretching themselves. With rising interest costs and high property prices, buyers were pinning their hopes on loan rate cuts to buy homes in the festive season. For developers, who are staring at a demand slowdown, unchanged rates meant they could not prop up the sales in a traditionally busy season.High interest rates have already dented property demand in the past few quarters and expectations were that rates would soften after the Reserve Bank of India (RBI) announced a 100-basis point cut in the repo rate to 8 per cent and another 250 basis points cut in the Cash Reserve Ratio (CRR) to 6.50 per cent. However, the country’s largest bank, State Bank of India, on Monday said it would keep its lending rates, including home loan rates, unaltered.Even though loans will become cheaper, the bank plans to tighten the criteria for lending to individual borrowers.

As everyone knows that current world crisis have disturbed economical condition of every country. But now the recovery is being seen. now i wanna ask that have realestate market started to flourish espasially in UAE, US and other big realeste markets?

There is no unified world wide real estate market. When you buy a property it is worth what it is because of its location. The jobs in that area- the laws- the government incentives- and hundreds of other things.

Even within a small shopping center the value of one store front is much different form the value of the next because of a little better location.

I saw a free web site on tv (cnn/cnbc?) that shows realestate listings on a satellite image map (like g@@gle earth). What is the web address for the site?

www.zillow.com

I am doing a business card for a client. Do I put the equal housing opportunity logo? My client says she needs the Fair Housing logo… Isn’t that the same thing. She say the equal housing opportunity logo is for equal opportunity for people. I say that equal opportunity not equal housing opportunity….. I need to send these cards off. Please any realestate agent or anyone who knows reply… Thanks

You are right. Go to National Association of Realtors website and look at the logos. The picture of a little house with the writing on them. Make sure you don’t use the one for mortgages.

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Mindy Yong 杨雯诗
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(+65) 91002985

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Moving to or moving up in Houston? Buy and sell Houston real estate with Diego Jaramillo. As your expert in local properties, he can sift through the many homes for sale to find the ones with hidden value. He can also market your property using proven Internet and print methods to get your home sold fast! Call for details on Houston’s real estate market.
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Stephen Schneider looks for a realtor in Los Angeles. He ends up finding something else.

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Complete video at: http://fora.tv/2009/11/04/SuperFreakonomics_with_Steven_Levitt_and_Stephen_Dubner

SuperFreakonomics co-author Stephen Dubner compares the value-add of a pimp to a realtor. The conclusion? Pimps deliver prostitutes more value than realtors do for homeowners.

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With Freakonomics, Steven Levitt and Stephen Dubner revealed the good, bad, ugly and super freaky of the world around us.

The freakquel is here. Back with more than pop-culture trivia, Inforum’s next 21st Century Visionary Award recipients are ready to revolutionize our understanding of causality in an incredibly interconnected world. – Commonwealth Club of California

Stephen J. Dubner is an award-winning author and journalist who lives in New York City. He is the co-author, with Steven D. Levitt, of Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. He is also the author of Turbulent Souls: A Catholic Son’s Return to His Jewish Family (1998), Confessions of a Hero-Worshiper (2003), and a children’s book, The Boy With Two Belly Buttons (2007).

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