Recently, I've worked with numerous buyers relocating to my area who want to buy a house in one of the 7 cities of Hampton Roads. They begin their search, as most relocating buyers do, with a series of internet searches, but one key element is missing. It seems there are just as many search por
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01/31/2010
REO's (Real Estate Owned - the industry term for foreclosures) in the Hampton Roads area are marketed by various listing agents as selected by the banks. These listings are in the MLS (Multiple Listing Service) right along with new construction and other resale properties currently on the market
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01/30/2010
Has anyone else noticed the lackluster marketing of many REO properties? From my understanding of the process, the asset managers get price opinions from one or more agents, assign a listing agent to the property, and set the list price. But it would appear in many instances, they don't even pa
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01/24/2010
The National Association of REALTORS® (NAR) has informed us that their good name is being used as part of a property rental scam. In this scam, rental property is offered to consumers, who are led to believe that NAR is functioning as an intermediary to receive rental deposits from prospective t
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01/07/2010
For some reason, most of our country has ignored the lessons they learned in elementary school for pronouncing numbers. Particularly when it pertains to the year. In British or U.K. English, our new year is pronounced, "Two thousand AND ten" however, in American English, the proper pronunciatio
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01/01/2010