More Would-Be Home Buyers Backing Out Before Closing

More Would-Be Home Buyers Backing Out Before Closing

Real estate agents don’t have it easy these days — well, these years — and their jobs have become even more maddening lately thanks to the recent trend of home buyers canceling sales at the last minute. The rate of home sale cancellations rose from 4 percent in May to 16 percent in June. [More]

Couple Says Real Estate Agent Used Their Home For Sex

Couple Says Real Estate Agent Used Their Home For Sex

Earlier this month, a couple in Minnesota filed a lawsuit against a local Coldwell Banker franchise and a real estate agent the company employed, alleging that the agent used the home for sexcapades while they were out of town, ruining their furniture, bedding and carpet. Neighbors say he showed up one day with an unidentified man and said they were going to be preparing the home for an open house, but no open house was held. Or at least not one the neighbors could see; maybe he uses that phrase in a different way. [More]

Would You Judge A Real Estate Broker By His Blog?

Would You Judge A Real Estate Broker By His Blog?

The Washington Post reports that consumers are starting to judge real estate agents by their blogs. Almost 10% of real estate brokers are apparently blogging, a number that is likely to rise faster than that sketchy “up and coming” neighborhood you’ve heard about for years.

"Economist" Publishes "Why The Real Estate Boom Will Not Bust" Shortly Before Real Estate Boom Busts

"Economist" Publishes "Why The Real Estate Boom Will Not Bust" Shortly Before Real Estate Boom Busts

David Lereah was the chief economist for that National Association of Realtors before he left to become an Executive Vice President of Move, INC. During his tenure as chief economist, he published several books. One of them, released in 2005, was titled Are You Missing The Real Estate Boom? Why Home Values And Other Real Estate Investments Will Climb Through The End Of The Decade—And How To Profit From Them. The cover depicted a nice enough looking family staring up at tiny little house that was hovering in the sky above their heads, out of reach, but still tantalizingly close. If only, if only they’d just read Mr. Lereah’s book!

Family Finds A Secret Room Filled With Toxic Mold In New House

Family Finds A Secret Room Filled With Toxic Mold In New House

Jason and Kerri Brown of Greenville, S.C. found a secret room, hidden behind a bookcase, in their newly purchased home. When they entered the room, they found a note that said “You found it!”

Buy Your House Online And Save Thousands

The Van Eses are using Seattle-based Redfin, one of several new brokerage services that hope to revolutionize home buying by rebating part of their commissions back to buyers. The challenge is aimed at traditional firms that charge full commissions, which often total tens of thousands of dollars in today’s high-priced Southland market.

FTC Forces Listing Services To Stop Blocking Discount Brokers

“The rules these brokers made drove up costs and reduced the choice for consumers, and they violated federal law,” Jeffrey Schmidt, director of the F.T.C.’s competition bureau, said in a statement.”

Consumerist Ask Metafilter Round-Up

Consumerist Ask Metafilter Round-Up

• Can you ride as a passenger in an uninsured vehicle without legal ramifications? [Link] • Rental Cars: Who gives the most bang for my buck at $29/day insurance rental car coverage? [Link] • How do you tell someone how to cut your hair?

Remainders

Here’s all the stuff we couldn’t think of enough clever things to say about but nonetheless found interesting.