The New Age of Social Media and Blogging – An Ethics Minefield?

Social networking sites such as Facebook, Activerain, RealTown, Trulia Voices, etc. provide a myriad of ways to connect consumers and colleagues alike with real estate info.  Blogs have proliferated in the last few years, people are writing them reading them and commenting all over the internet.  These formats allows for a free and open exchange of info, sometimes a little too free and open as commenter’s/authors occasionally forget that we, as Realtors, have numerous regulations and a Code of Ethics to abide by that covers all forms of communication, including “electronic” communication.  Read this excerpt from the 2010 National Associations of Realtors Code of Ethics: Continue reading

Fannie Mae Offers Closing Cost Assistance and Appliance Incentive

Welcome Back Readers!   It’s been a busy month in real estate, so many things happening both locally and nationally it seems everyday there is something new!  That’s actually the becoming the normal state of affairs nowadays and I don’t mind as it gives me lots of things to write about!

I wanted to let you know about a program announced today by Fannie Mae.  Fannie Mae has a little problem, namely 50,000 homes they now own through the foreclosure process and they are looking to move them.  You can see a list of what’s there at www.homepath.com (there are 19 Fannie Mae Foreclosures in Lancaster County Pa as of today).

That’s not the announcement though, the announcement is that Fannie Mae is now offering 3.5 % of the home’s purchase price as an incentive to buyers!  Read on after the jump to find out more! Continue reading

The Trouble with Tribbles or Why Loan Modifications are Failing to Solve the Foreclosure Problem

Welcome Back Readers!  I put up a post the yesterday about how FHA has recently changed their policies to allow loan modifications for qualifying borrowers before they miss a payment .  This is a great policy and I sincerely hope it will help more people stay in their homes.  The problem though is that in many cases it won’t.  Loan modifications nationwide are failing to help avoid foreclosures.  Why is that?  What does it have to do with Tribbles again?  Read on after the jump to find out! Continue reading

A New Year, a New Code of Ethics

Ok, well maybe not entirely new, but there have been some changes the National Association of Realtors Code of Ethics (COE).  This important document governs our conduct with not only the public but also with each other and the standards outlined are what set us apart as an organization and as a profession from other salespeople.  In the interest of space I am not listing all the language specifically so to review the entire COE and understand better the context of these changes, go to http://www.realtor.org/mempolweb.nsf/pages/code .

Read on after the jump to find out the changes affecting the COE this year: Continue reading

Lancaster Inspector’s Corner – January is National Radon Action Month

  Welcome Back Readers!  Thanks for stopping in again for another installment of The Inspector’s Corner with Matt Steger from WIN Home Inspection!  This week starts a series for January on Radon, the second leading cause of lung cancer in the United States according to the EPA.  Read on after the jump to learn more! Continue reading

It Isn’t a Question of “If” Waiting Will Cost You, but Rather “How Much?”

3204081744_d411eab054Waiting.  Sometimes a wise strategy, sometimes a foolish one.  When it comes to home buying, waiting will surely cost you.  There are a number of reasons why, but before I go into that, let’s get one thing clear…. if you aren’t in a positions to buy, if you truly can’t afford it, don’t do it.  But if you are unsure, if you are “thinking about it”, if you are planning to “start looking” in a few months, you need to hop off the fence and start now.  Waiting is a mistake.  Here’s why:

Continue reading