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Blog - Page 59 - Strategic Real Estate Coach

Best Cities for Buying and Selling Houses

Category: Blog

Best Cities for Buying and Selling Houses

Where are the best markets in the country for buying and selling houses? Zillow recently ranked the top 10 markets to find out where buyers or sellers hold the most power. Zillow defines a buyer’s market as one in which “buyers have more bargaining power” because houses tend to stay on the market longer and […]

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Government Considers Eminent Domain for Foreclosures

There is another great housing foreclosure debate raging in governments – this time over the issue of eminent domain. Some local governments are throwing around the idea of condemning mortgages through eminent domain. It would work like this – a town or county “would seek court approval to pay a ‘fair market’ value to a […]

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Pocket Listings Gaining Popularity

Sometimes, for whatever reason, home sellers just don’t want to publicize the fast that they are selling their house. In this case, the house is a “pocket listing,” and it is not listed on the MLS. Instead, it is marketed directly by a real estate agent or broker. This gives the seller more control over […]

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Mortgage Closing Costs Vary By State

Mortgage closing costs can vary widely by state, according to a recent survey by Bankrate.com. The average closing costs on a mortgage fell by 7% to $3,754, with New York being the most expensive with a cost of nearly $5,500. On the other extreme is Missouri at $3,000. Interestingly, Ohio ranks #11 on the list, with […]

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Foreclosure Errors Cost Banks $125,000… or $15,000… or…

Late last year, banking regulators set out to put a price on foreclosure errors for victimized homeowners. It’s going to cost banks $125,000. Or maybe $15,000. Or perhaps just $500. Pretty clear, huh? How is the actual amount determined? The regulators finally released their “framework” of possible outcomes from 13 different mortgage servicing “errors.” Each of […]

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Main Street Case Study

I’m back again with another “My Life in Real Estate” rehab videos. In this one, we’re at 5494 Main Street and we just closed on it four days ago. This one is a real diamond in the rough. It’s located right across the street from the Portage Lakes near Akron, which is a prime location. […]

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Mortgage Rates Rise For First Time in 3 Months

While mortgage closing costs are on the decline, actual mortgage rates are on the increase. For the first time in over three months, the rate for a 30-year fixed rate mortgage rose to 3.55%, up from last week’s 3.49%. These are the lowest rates since the 1950’s, when long-term mortgages were first introduced. These historic low […]

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Manchester Road Case Study

Check out this video – it’s another rehab I have in the pipeline and I want to give you an update on what’s happening with it. This one is at 4034 Manchester Road – right in my rehabbing sweet spot. Come with me as I see the house for the first time. We bought it […]

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My Life in Real Estate: Rehabbing Bank Owned Properties, {Case Study Heights Drive Part 2}

I’m back with another installment of “My Life in Real Estate”, this time checking in on one of my most recent rehab projects – 193 Heights Drive. This is part 2 of this case study. Part 1 I recorded 2 months ago and we showed you this house when we first started the project. In […]

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Home Prices Up For First Time Since 2007

According to Zillow, single-family home prices are up over 2% from the first quarter of this year, and .2% annually, showing an increase for the first time in five years. Interestingly, the housing recovery seems to be underway despite sluggish job growth, indicating some measure of organic growth. According to Zillow Chief Economist Stan Humphries, the […]

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