The Carnival of Real Estate rolled into town again in Phoenix. From Super Bowls, BCS Championships and numerous other sporting championships, our area is very familiar with hosting big time events. Heck we’ve even already hosted multiple carnivals! Now how many cities can say that?
This time the carnival arrived in a most interesting holiday – Halloween. While the theme is not entirely Halloween related, I did include a “scary” category to my selections. There were exactly thirty entries and the quality of posts were very good. I have selected my top three picks and then provided honorable mentions by category.
The Top Three
Number 1: Kevin Boer take the top honors this week with his post What The Microsoft-Facebook Deal Means For Real Estate â€” Part 2: Revisiting Move.com Vs. ActiveRain, this is posted at Three Oceans Real Estate.
I always thought Active Rain lacked imagination when it came to positioning for business success. Kevin does a nice job comparing the failed Active Rain – Move.Com transaction with the more successful Facebook-Microsoft one. It is truly scary to think how much money AR could have made if it had the business acumen of Facebook.
Number 2: Jim Watkins takes the second slot with Investors Working on Foreclosure Deals: Avoid Fraud Suspicion – Disclose!, this is posted at Real Estate Investing For Real | A BiggerPockets Blog.
Jim tackles the very controversial topic of taking over pre-foreclosures by signing over a Warranty Deed. I’ve worked with a few borrowers who have been burned by this techniques, but Jim seems to know what he’s doing and isn’t out to screw the homeowner. I think he presents a good blueprint for those seeking to take over pre-foreclosures.
Number 3: Cliff Jacobson takes the third slot with ERA Lands On Zillow, One Small Step For A Search Engine, One Giant Step Toward A National MLS, this is posted at WebHomeUSABlog.
The main reason why I liked this post was because Cliff gives us a starting point on begining to understand the ERA-Zillow relationship. This past summer real estate blogs were buzzing with Zillow talk, and not all the chatter was positive. Cliff gives us a summary of what we’ve been through this past summer also poses some very controversial questions for the future. I liked this as a consumer of real estate.
Scary – (Parental Guidance Advised)
Selling real estate next to cemeteries and living to write about it! Now isn’t that something you should all be doing? That is exactly what Kevin Warmath presents on Dead Neighbors Make the Best Neighbors, this is posted at North Fulton County (Georgia) Real Estate Blog. While I would never take Kevin’s advice, I am sure there are some of us in our midst who would…. haaaaaaaa…. haaaaaaa…..
Congress is a scary institution as it is, but for mortgage brokers, this Halloween, Barney Frank could haunt us out of a career. Morgan Brown explains why Barney Frank is a Brokerâ€™s Worst Nightmare, this is posted at Blown Mortgage. As always Morgan brings his excellent analysis skills. He breaks down every significant component of a very complicated piece of legislation and explains why if this bill goes through, we can all kiss mortgage brokers good bye! Now that is scary!
Bentley Humphreys presents a very comprehensive run down on how to maximize â€œflipâ€ profits through smart renovations, this is posted at boozwatt.com. I enjoyed this article for its careful treatment of the details.
For the Techno Geek
Dee Copeland presents Mobile Technology to Change How We Communicate Real Estate this is posted at Texas Realty Blog. Dee makes a good case for why real estate agents need to be thinking ahead to the up and coming mobile customer. Think today’s 20 year olds in five years! That’s not too hard is it?
Colleen Corgan presents MapMyPix AIR Application, this is posted at GeekEstate Blog. The technology Drew introduces appears to have a lot of potential in the real estate community. It has the ability to help you market your listings and also to make your buyers experience more efficient.
My Soft Spot: Lenders Corner
Mike Mueller presents Pick a Pay – Understanding the Recast, this is posted at Mike’s Minute. Mike does a good job making the option ARM a bit less scary – for those who want to understand it and use it as a financial tool. I debated putting Mike Mueller’s article in the scary section. The reason being that a co-worker of mine went to a Halloween party last weekend dressed as an “option ARM”. I haven’t seen pictures yet to know how she pulled that one off, but it shows where we are today!
Addressing a very common question in the mortgage industry John Crenshaw presents Whatâ€™s the Point in Paying Points?, this is posted at Truthful Lending dot Com. John provides some compelling reasons to pay points to buy down your rate. For the disciplined borrower sersious about financial success, I would highly recommend John’s advice.
Finally, check for REO properties and compare prices before buying a property.