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Newsletter Sample - Filled in PDF

Newsletter Sample - Filled in PDF

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Published by RENewsletters
Sample of Customized Newsletter for Site - PDF Version
Sample of Customized Newsletter for Site - PDF Version

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Published by: RENewsletters on Nov 11, 2011
Copyright:Attribution Non-commercial

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05/12/2014

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OCTOBER #12011
REAL ESTATE NEWS
FOR
 
ALL
 
OF
 
YOUR
 
REAL
 
ESTATE
 
NEEDS
 
Are
 
Short
 
Sales
 
Worth
 
It?
 
In
 
late
 
2009,
 
about
 
54%
 
of 
 
all
 
short
 
sales
 
were
 
completed
 
by
 
first
 
time
 
homebuyers.
 
Seeking
 
good
 
prices
 
and
 
with
 
limited
 
budgets,
 
many
 
first
 
time
 
buyers
 
were
 
attracted
 
to
 
short
 
sales.
 
However,
 
in
 
mid
 
2011
 
this
 
percentage
 
fell
 
 just
 
below
 
40%.
 
It’s
 
clear
 
that
 
these
 
buyers
 
are
 
losing
 
interest
 
and
 
getting
 
frustrated
 
by
 
short
 
sales.
 
Currently
 
short
 
sales
 
are
 
plagued
 
by
 
lots
 
of 
 
paperwork,
 
unresponsiveness
 
from
 
banks
 
and
 
servicers
 
(it
 
can
 
sometimes
 
take
 
weeks
 
or
 
months
 
to
 
get
 
an
 
update),
 
slow
 
or
 
low
 
appraisals,
 
difficulties
 
dealing
 
with
 
multiple
 
lenders
 
 –
 
and
 
a
 
high
 
chance
 
the
 
transaction
 
will
 
never
 
even
 
go
 
through.
 
In
 
fact,
 
on
 
average,
 
it
 
currently
 
takes
 
17
 
weeks
 
to
 
complete
 
a
 
short
 
sale.
 
Yet,
 
short
 
sales
 
account
 
for
 
about
 
16%
 
of 
 
all
 
home
 
purchases.
 
At
 
a
 
rate
 
like
 
this,
 
(and
 
with
 
the
 
advantages
 
for
 
banks
 
to
 
do
 
short
 
sales)
 
there
 
will
 
likely
 
continue
 
to
 
be
 
many
 
short
 
sale
 
opportunities.
 
So
 
is
 
it
 
worth
 
all
 
of 
 
the
 
extra
 
issues?
 
That
 
is
 
definitely
 
a
 
personal
 
preference,
 
but
 
remember,
 
short
 
sales
 
do
 
sell
 
at
 
prices
 
approximately
 
27%
 
lower
 
than
 
non
distressed
 
properties
 
 –
 
providing
 
a
 
great
 
opportunity
 
to
 
pick
 
up
 
a
 
home
 
well
 
under
 
market
 
value.
 
For
 
that
 
reason,
 
some
 
buyers
 
who
 
are
 
interested
 
in
 
short
 
sales
 
make
 
offers
 
on
 
multiple
 
short
 
sales
 
at
 
once,
 
increasing
 
the
 
chances
 
that
 
one
 
will
 
go
 
through
 
quickly.
 
Can’t
 
Find
 
A
 
Parking
 
Spot?
 
That
 
won’t
 
be
 
a
 
problem
 
at
 
this
 
house.
 
The
 
six
 
car
 
garage
 
above
 
comes
 
attached
 
to
 
a
 
26,000
 
square
 
foot
 
home.
 
Sitting
 
on
 
over
 
3
 
acres,
 
the
 
home
 
has
 
26
 
rooms,
 
including
 
7
 
bedrooms
 
(3
 
are
 
master
 
bedroom
 
suites),
 
9
 
full
 
baths,
 
and
 
1
 
half 
 
bath.
 
The
 
luxurious
 
amenities
 
include
 
a
 
putting
 
green,
 
pool
 
with
 
waterfall,
 
tennis
 
court,
 
indoor
 
squash
 
court,
 
gymnasium,
 
and
 
movie
 
theatre.
 
Owner:
 
rapper/musician
 
Sean
 
Combs
 
(AKA
 
P.
 
Diddy)
 
Location:
 
Alpine,
 
NJ
 
Price:
 
While
 
P.
 
Diddy
 
reportedly
 
bought
 
this
 
house
 
in
 
2004
 
for
 
$10,000,000,
 
he
 
currently
 
has
 
it
 
on
 
the
 
market
 
for
 
$13,500,000.
 
Picture
 
 from
 
Friedberg
 
Properties
 
and 
 
 Associates
 
Reader
 
Question:
 
How 
 
much
 
does
 
it 
 
cost 
 
to
 
maintain
 
a
 
home
 
each
 
year? 
 
This
 
can
 
vary
 
greatly
 
depending
 
on
 
a
 
lot
 
of 
 
factors,
 
including
 
location
 
and
 
age.
 
According
 
to
 
Freddie
 
Mac,
 
average
 
yearly
 
maintenance
 
costs
 
are
 
between
 
1
 
and
 
3
 
percent
 
of 
 
a
 
home’s
 
value.
 
So,
 
for
 
example,
 
maintenance
 
costs
 
for
 
a
 
$500,000
 
would
 
be
 
around
 
$5,000
 
and
 
$15,000
 
per
 
year.
 
Quick
 
Fact:
 
FSBOs
 
(For
 
Sale
 
By
 
Owners)
 
accounted
 
for
 
9%
 
of 
 
all
 
home
 
sales
 
in
 
2010.
 
The
 
average
 
FSBO
 
home
 
sold
 
for
 
$140,000
 
compared
 
to
 
$199,300
 
for
 
agent
assisted
 
home
 
sales.
 
Duke Simonacific Real Estate

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