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Fournier Law Blog

Intelligent legal insight from our team of experienced attorneys.

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Are You Ready for a Wave of Boomerang Buyers?

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Short sales and foreclosures forced them out of their homes during the housing crisis, but industry reports say nearly half of those 7.5 million Americans will make their way back to homeownership over the next several years. In fact, as many as 500,000 are expected to do so in 2015. Are you ready to cater to these “boomerang” buyers who will likely approach home buying with more caution than typical buyers? According to Marc Gould, vice president of business specialties for the National Association of REALTORS®, this group will require special attention. In a new article for RISMedia, he advises agents to start assembling a strong support team of real estate attorneys, mortgage brokers, and inspectors that can help this more cautious group feel confident in their purchasing decision.

To learn more, read the entire article.

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Apartment Investors Capitalize on Hot Seller’s Market

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Apartment investors that scooped up multifamily real estate at a bargain during the recession are cashing in on their investments. According to a recent article published by commercial real estate leader CoStar, a number of private owners and REITS have netted gains since January 2015, in large part due to the sale of their multifamily properties. Luis Mejia, CoStar’s director of U.S. research, explains why now is such a good time for apartment investors to sell. “With the possibility of interest rates increasing, which could eventually push cap rates up, and the potentially negative effect of supply on prices, a number of investors see selling as a viable portfolio strategy,” he said.

To learn more, read the entire article.

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America’s Top 10 Most-Searched Neighborhoods in 2014

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One Chicago ZIP code made Realtor.com’s top 10 list of America’s most-searched neighborhoods in 2014. Tell us below which one you think it is.

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16 Ways to Revive Your Stagnant Property Listing

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If you’ve done everything you can think of, but your property
listing still isn’t attracting offers, Stacie Staub, guest
contributor for Inman News, may have the marketing boost your listing
needs. As a broker associate and the Director of Marketing for LIVE
Urban Real Estate, Staub has helped real estate agents bring new life
to stale listings with her innovative ideas. In her latest article, she
shares 16 of her best tricks of the trade including listing the
property as a sale/possible lease to attract a wider audience that may
end up loving the property so much they buy it anyway.

Read the entire article
for more marketing tips.

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8 Home Fixes That Help Seal the Deal for Buyers

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What is the #1 home fix you advise clients to make before listing their home? Comment below, then check out the top 8 fixes one broker says will help close the deal.

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7 Things to Consider When You Inherit a Home

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Do you know what steps to take when you inherit a home? These smart tips from the host of Strange Inheritance can help you navigate your options.

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6 Steps Realtors Can Take to Protect Their Clients from Identity Theft

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With all the paperwork that changes hands between realtors and their clients, real estate offices are an attractive target for identity thieves. In a recent article for Inman News, identity theft expert Robert Siciliano, gives real estate agents a refresher course in best practices they should be following to help protect their clients’ confidential information. One seemingly obvious practice on the list is the importance of shredding all documents that include client information. While this may be standard in all real estate offices, Siciliano points out that realtors who have recycle bins in their offices need to be vigilant to ensure they are not inadvertently recycling documents that should be shredded.

Read the full article to see if you are doing everything you can to protect your clients’ financial security.

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5 Signs the Market is Right to Sell Your Home

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Timing is everything when it comes to putting your house on the market. But how do you know when the time is right to sell? According to Maria Patterson, Executive Editor at RISMedia, there are five lifestyle and financial indicators that help you know it’s time to list your home. Patterson says outgrowing your current living space is one of the biggest lifestyle signs that it may be time to list. If you are busting at the seams and you have equity in your home and you notice other homes selling in your neighborhood, you likely have the perfect scenario for selling. What may come as a surprise to many homeowners is that 94 percent of homes in the $200,000 and above range now have positive equity based on a recent Corelogic Equity Report. That, coupled with an inventory shortage in most markets, could make now the perfect time for many home-sellers.

To learn more, read the entire article.

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4 Reasons Realtors Love Working with Fournier Law Firm

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Having a good real estate attorney on your team is one of the best ways to protect a client’s investment. Learn 4 reasons realtors love working with Fournier Law Firm, Ltd.

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4 Ways Realtors Can Boost Their Online Curb Appeal

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With the average homebuyer browsing home listings online for three weeks before they call a realtor, a strong online presence is the single most important tool real estate agents have to hook new clients. In a new article for Inman News, David Greenberg , chief revenue officer for HouseLens, the nation’s largest provider of full-motion walk-through video tours for real estate listings, shares four web marketing tips to help realtors make a good web impression. At the top of his tip list is catering to mobile devices. He cites a surprising statistics that 77 percent of buyers use their mobile devices to shop housing listings even when they are at home where a laptop or desktop is readily available.

Read the full article to learn more.

Image credit: Brandon Hunt

 

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