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All Cash

Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions.

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Jed Smith, THE NATIONAL ASSOCIATION OF REALTORS®

Jed Smith is Director of Quantitative Research for THE NATIONAL ASSOCIATION OF REALTORS®.

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C.J. Davis, REALTOR®

C.J. Davis, a REALTOR® with Koki and Associates, Long and Foster Real Estate in Silver Spring, Maryland. C.J. is a Buyer’s Representative and a 30-Under-30 Honoree from REALTOR® Magazine.

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Frank Donnelly, RBS Citizens Financial Group/Charter One Mortgage

Frank Donnelly is the Vice President and Regional Manager of R-B-S Citizens Financial Group / Charter One Mortgage and the immediate past Chairman of the Board of the Mortgage Bankers Association of Metropolitan Washington. Frank’s also a Certified Financial Planner and one of our “go-to” guests when we need expert advice on mortgages.

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[Listener's Question] Mortgage Release

A Listener’s Question.

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How to Compete with an All-Cash Buyer

Here’s a question for you. Have you ever looked up the term ‘800-pound gorilla?”

Here’s it’s definition, thanks to Merriam Webster:

Number One: “one that is dominating or uncontrollable because of great size or power.”

Number Two: “a real estate buyer, paying all cash”

OK, only kidding. But in real estate, that’s exactly what an all-cash buyer is…an 800-pound gorilla.

They’re the buyers that make the sellers snap to. The ones that get the most attention, the most consideration, and – often – they’re the ones who win the property.

So how on earth does a normal buyer, who needs a mortgage – compete – against an all-cash buyer?

Is it even possible?

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Continue reading “How to Compete with an All-Cash Buyer” »

David McKey, REALTOR®

David McKey is a REALTOR® with Coldwell Banker One in Baton Rouge, Louisiana. David’s a Graduate of the REALTOR® Institute, an Accredited Buyers’ Representative, and he currently serves as the Regional Vice President of THE NATIONAL ASSOCIATION OF REALTORS® for the states of Texas and Louisiana.

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Dr. Stuart Vyse, Connecticut College

Doctor Stuart Vyse is Professor of Psychology at Connecticut College in New London, Connecticut. He’s also an author – and the 2014 recipient of the John S. King Memorial Award in recognition of his teaching excellence and concern for students.

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Anne Feder, HouseLogic.com

HouseLogic.com is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS® — that can help you make smart and timely decisions about your home.

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Adam Levin, Credit.com

Adam Levin is the Chairman and Co-Founder of Credit.com. Adam has more than 30 years’ experience in consumer protection and is a prominent expert on credit and identity theft.

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How Do You Get the Money?

You’ve heard about the piles of cash that are being flung around the housing market these days. Buyers, especially in a competitive housing market, are not only making full price offers to sellers, but they’re offering to pay the sellers in FULL in CASH. If you put yourself in the sellers’ shoes for a minute, you can see why this would be so compelling: no waiting for a lender to approve a mortgage; no anxiety about a last-minute loan denial and no worries about the home appraisal matching up with the mortgage.

If you’re in the buyer’s seat, you’re probably thinking “Yeah, that’s great for the super-rich people out there with loads of money in the bank. But what about me?” You’re probably wondering, too, where do these people get the money? Not everyone has a rich Aunt Fanny to shower them with Benjamins.

Essentially there are two ways to amass enough cash to buy a house: slow or fast. Remember the fable “The Tortoise and the Hare”? They both eventually reached the finish line.

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Continue reading “How Do You Get the Money?” »

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THE NATIONAL ASSOCIATION OF REALTORS®
HouseLogic.com
REALTOR®.com

Top News Of The Week

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- Home Builder Confidence is Up
- Broad Impact of Foreclosure Drop
- Pending Home Sales Up
- Home Demand is Alive and Well
- Down Payments on Homes are Rising
- Singles Seek Home Ownership
- Rising Rents Hit Middle America

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Local Market Conditions

It’s time to continue our look at the latest facts and figures from across the country as we dig down into at the most recent existing home sales report from the NATIONAL ASSOCIATION OF REALTORS®.

This week we’re going to dip into those existing home sales numbers, looking particularly at the condo and co-op market to see how it influenced the housing numbers we saw in July.

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Continue reading “Local Market Conditions” »

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