10 highly ‘salable’ factors of a real estate property

An ability to distinguish what will sell is an absolute must for any broker to survive and succeed in the real estate industry. Whether it is a condo, a townhouse or a detached home, there are some aspects that are inherent to the property itself and there are others that can be worked on by brokers and sellers.

What comprises a saleable property depends on the buyers' needs. Millennials prefer fuss-free units in the metropolitan area, while the affluent peruse multiple vacation homes in the countryside for recreation. Also, renovations and amenities that are specific to the property count. For instance, buyers on an apartment or condo hunt pay attention to convenient parking space, elevators and the like.

Read more...  http://www.inman.com/next/10-highly-salable-factors-of-a-real-estate-property/

Credit Bureaus to Make It Easier to Fix Errors in Credit Reports

The three major credit bureaus – Equifax, Experian and TransUnion – will be making consumer-friendly changes to how they resolve disputes as well as how they handle the reporting of medical debts. Just don't expect the changes to take effect immediately. The new provisions, the result of a settlement agreement between the bureaus and New York Attorney General Eric Schneiderman, will be phased in nationwide over about three years, according to John Ulzheimer, president of consumer education at credit Web site CreditSesame.com.

Read more...  http://m.kiplinger.com/article/credit/T017-C011-S001-credit-bureaus-to-make-it-easier-to-fix-errors-in.html

Reset Risk Worse than Expected for Underwater HELOCs: RealtyTrac

Home prices have not recovered enough to protect the states with high concentrations of home equity lines of credit whose rates are scheduled to reset in the next few years.

Forty percent of these HELOCs were seriously underwater in 2014, and this year more than half of these loans will have loan-to-value ratios of 125% or more, according to RealtyTrac. When homeowners owe more than their homes are worth, they are more likely to default, particularly if their monthly bill spikes, all other things being equal.

Read more...  http://www.nationalmortgagenews.com/news/distressed/reset-risk-worse-than-expected-for-underwater-helocs-realtytrac-1045903-1.html?utm_medium=email&ET=nationalmortgage%3Ae4010451%3Aa%3A&utm_campaign=-mar%205%202015&utm_source=newsletter&st=email

They're back: Boomerangers returning to housing market

Many former homeowners could start buying again this year and give metro Phoenix's housing market a much-needed boost.

They are called boomerang buyers because they were thrown out of the mortgage market after foreclosures or short sales during the crash but now can qualify for a home loan again.

Most lenders require a seven-year sitting out period for borrowers who default on home loans. That waiting period is over this year for the first wave of people to lose houses during the crash.

Read more...  http://www.azcentral.com/story/money/real-estate/catherine-reagor/2015/02/09/back-boomerangers-returning-housing-market/23129429/