Tom Waite's Real Estate Blog

WHERE DO THEY FIND FELLOWS LIKE WRONG WAY LARRY?!!   Here’s another Video from REALTOR TV (YOU pay for this in your N.A.R. dues) (I suggest Nitrous Oxide or Sodium Pentothal if you’re going to try to watch the whole video),  in which Larry Yun makes a tortured, unintelligible case for the new ups...

Since 35% of the new real estate contracts written in the First Quarter of 2012 were cancelled......N.A.R announces that it will NO LONGER track "deals fell through" only NEW CONTRACTS.  I guess the truth is just too depressing....  ...now that the real estate market has fallen so low…soon to fal...

YOU CAN TALK ALL THE HAPPY TALK YOU HAVE THE WIND FOR... and when you're Blue in the Face...YOU have to sit down and face reality. The real estate recession "AIN'T" OVER .................YET. I quote from Mike Larson of Wiess Research Investments from this AM. ...................................

Johnny Be Good...NOT! YOU THINK "YOU'VE" GOT OVERPRICED HOME PROBLEMS...MR. SELLER... Wednesday, April 18, 2012 — It has sixteen bathrooms, lots and lots of bedrooms, a seventeen-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a private lake.  The prop...

Here's my newest listing. It would make a great Rental House for one of you investors.  This is a great location, close to Shopping, Freeway (not noisy), Food, Big K-mart, Target, IKEA...   This property has 4 Bedrooms, 2 Baths, an Oversized Double Garage with an Added Work Shop and an Automotive...

A new federal rule now says that Fannie and Freddie must accept or deny a short sale of a property whose loan they hold within 30 to 60 days (READ 60 DAYS). HOW ABOUT WITHIN 20 DAYS?  They're not doing anything, anyway. ACCEPT THE OFFER CONTINGENT UPON AN APPRAISAL BY AN APPROVED APPRAISER...DONE...

  Son of...Part due'...Beneath the Valley of...Part 2.0...OF: NOW THAT BUYERS AND RE-FINANCE HOMEOWNERS MUST QUALIFY...THE REFINANCE MARKET IS HEADING INTO THE TANK   I received some pretty edgy comments about my blog of April 2nd, 2012. Some folks don't take to kindly to my view of the truth...I...

SEE, I CAN FIND GREAT REAL ESTATE NEWS...   GREAT REAL ESTATE NEWS!

Sorry to rain on your weekends (it’s raining as I write this email), however, the news about ALL of the homeowners who were going to be saved by the latest, “Underwater Refi Scheme”, is not working out as planned.  The largest drop off is in the FHA and HUD sponsored programs…the ones who were co...

A lot of A R REALTORS® are making their cases, on their blogs, for how and why they feel "hurt or used" by "buyers"...who take their time, and gas, then buy from another agent... They show them a bunch of properties, feel hurt or used, buy them a bunch of lunches and dinners, feel hurt or used, w...