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    What city data is most important to your home search?

    Written by discovertrulia  |  November 9, 2009 10:46 AM Home Buying
    1 comment | 154 views

    That’s exactly what San Francisco Mayor Gavin Newsom wanted to find out to support the launch of DataSF.org. The new site publishes data from the City & County of San Francisco and provides access to everything from police records to restaurant inspection reports. With DataSF the city aims to increase the transparency of government data and to foster innovation in the bay area.

    And so when Mayor Newsom wanted to find out which data should be included on the site, he turned to the Trulia Voices community with his inquiry:

    The Mayor's question received answers from almost 100 members of the Trulia Voices community. 58% of the responses came from California residents and 31% from those who reside in San Francisco. Though the answers were wide-ranging, there were definitely some commonalities among the requests for information.


    Crime data, proximity to points of interest and school information topped the list on a national level. These features were important to San Francisco residents as well, however those in SF differentiated themselves from the group at large with numerous requests for information about access to transportation and street parking, indicating a clear need to navigate the city with ease. San Francisco dwellers were also more likely than others to request information about parks, verifying the outdoorsy culture that is prevalent in the city.

     "Since the launch of DataSF.org a couple weeks ago, we've had nearly 10,000 visitors from 104 countries and every state in the nation,” said the Mayor, “Thank you for taking the time to suggest ways to improve San Francisco and what additional data you want to see on the site."

    From the looks of it, the Mayor has taken these suggestions seriously. DataSF.org already boasts crime statistics, transportation data as well as information about recreation and park lands. They’ve also already tackled another common request from San Francisco residents:

    "We are working city departments to make as much non-confidential government data available on DataSF as possible,” he said. “With that in mind, I am pleased to announce that we have just released the most requested dataset on DataSF - our street sweeping schedule. We look forward to seeing how this and other data is used in ways to make government work better for all of us."
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    Trulia Voices Post of the Week - Reasons Home Buyers Should Use a Buyer’s Agent

    Written by discovertrulia  |  December 1, 2008 9:27 AM Home Buying
    No comments | 240 views

    buyers-agent1.jpg

    New York City - 12th Street and 3rd Avenue

    Carrie, a home buyer and seller from Philadelphia, Pennsylvania had this weeks most viewed question on Trulia Voices - Can someone please explain this buyer agent thing to me please and why any buyer would want to do it? The conversation has grown to over 40 comments…..Let’s dive in to see what our community had to say.

    Thoughts From our Trulia Voices Real Estate Community

    First to answer was Dale Archdekin, a Coldwell Banker real estate agent from Philadelphia, Pennsylvania said, ” Hi Carrie, let’s put it this way…you wouldn’t go to court and expect the opposing party to represent you as well would you?

    Buyer agency grew out of the need for buyers to have equal representation in real estate transactions. Previously agents only worked in the best interest of the seller. A seller’s agent negotiates for their client, holds their information in confidence, and so on. Buyers need the same professional services

    Usually the commission paid to a buyers agent is paid for by the seller, but buyers can elect to pay their agent for their services as well.”

    Bonnie Tegge, a Prudential Decker Realty real estate agent from Virginia Beach, Virginia said, “A Buyer needs separate representation to make sure his/her needs are met in a contract to purchase. This would be separate from the agent who listed a particular house you might be interested in. To have representation by a buyer’s agent means that you will have your best interests taken care of. If it were the agent who had a listing you wanted to purchase, they would be also taking care of their other client’s interest-the seller. Possibly, your situation could be used against you in this way. Not with a buyers agent. And the plus? You don’t pay your agent’s commission. That is paid by the seller at the closing of the property.

    You are MUCH SAFER having your OWN REPRESENTATION - someone who will fight for you and protect you as well in the transaction.”

    Pat and Nancy Zollo are real estate agents from Keller Williams in Horsham, Pennsylvania who said, ” the short and sweet answer is that a Buyer Agent represents YOU and can work to get you the best deal. A sub agent technically is working for the Seller.”

    Renee Porsia is a real estate agent from RE/MAX Action Realty in Philadelphia, Pennsylvania who says, “Great question Carrie. I am very passionate about buyer agency. To give you just a short history of how buyer agency came about, many years ago when sellers listed their homes, they hired their Realtor to list and represent their best interests but the buyers didn’t have anyone to represent their best interests.

    In 1988 this changed when buyer agency was created. Today, a buyer has the same opportunity to hire a Realtor to represent their interests as sellers and it levels the playing ground.

    A buyer can hire a buyer agent by simply signing what is called a Buyer Broker Agreement. All of the buyer terms are explained within the agreement which includes how the buyer agent will be paid and by whom. Typically when a seller lists their home they have already decided how much they will be paying their Realtor and the buyer agent. So, the buyer agent typically gets paid out of the fee the seller agreed to pay when they listed their home. On rare occassions, the buyer agent COULD be paid by the buyer if the home is a For Sale By Owner and the owner refuses to pay your buyer agent. No matter what, before you sign the Buyer Broker Agreement all of that will be decided by the buyer and agent…….”

    Christopher and Stephanie Somers are Remax Affiliate real estate agents from Philadelphia, Pennsylvania who said, “You have started a very passionate discussion. I would strongly recommend reading Renee’s posts.

    Basically, a buyers agent is your quarterback. Do you want a rookie or a Brett Favre to navigate you down the field to score ? Or another analogy - when you have surgery done do you want the experienced doctor or the one in med school. Or if you are getting divorced, when you want your husbands attorney to represent you ?

    The states added buyer agency for a reason - it benefits the consumer. So in Pennsylvania, you can have your own agent as a buyer, have the listing agent but a dual agent or do it on your own. The point being why would you when the seller pays the real estate commission ? Also, would one perform surgery on them self ?

    Hope that helps : ) Bottom line, when you purchase a property, get a strong buyers agent !!!! : ) That way, you will have your own representation… your own quarterback, your own doctor… I think you get the point !

    Carrie followed up with everyone and said, “Thank you to all of the Realtors who answered my question. I think I get it now.”

    My Thoughts

    There was a little heated back and forth from other buyers, sellers and agents but overall our community of real estate agents did a fantastic job of answering Carrie’s question. Buyers agents are an invaluable resource for home buyers. They will help guide and advise you throughout the entire home buying process. Don’t you want someone looking out for your best interests?


    Rudy Bachraty

    Social Media Guru at Trulia

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    Foreclosure Question - Home Buyer Seeks Advice - What Do I Offer?

    Written by discovertrulia  |  October 27, 2008 1:19 PM Home Buying in Miami Beach
    1 comment | 426 views



    This weeks Trulia Voices most viewed question comes from Randy, a home buyer in Miami, Florida where he asks, How Low Can I go? He found a foreclosure property that he loves but doesn't know what to offer and is having a hard time getting in contact with the real estate agent. What should he do?

    Thoughts from our Trulia Voices Real Estate Community

    Tony Croft, a full service mortgage banker from Edgewater, New Jersey said, Find an agent you can trust that will help you write an offer on the property."

    Ed Fitch, a real estate Broker/Owner in San Jose, California, says, "The bank or their Asset Manager is looking at numbers only. You can usually expect a 10% leway depending on the institution, location of the property, and the listing strategy."

    Joe Jackson, a real estate agent in Worthington, Ohio, said, "1. Hire an agent to represent you! An agent who doesn't show up in this market is not worth keeping! 2. How will you know the market has bottomed out? When the prices start to go up! 3. Make an infomred offer 10% +- below list and see what haapens. 4. Have a home inspection contingency and make sure the house is checked out top to bottom. Hire a professional inspectort that is either NASI or ASHI certified. Good luck it's a GREAT time to buy!"

    J. Douglas Montgomery, a real estate agent from Douglaston, New York said, "Randy, the most important concept for you to understand is that there are buyers agents and sellers agents. I would strongly suggest that you hire a buyers agent to represent you. There is a fee involved but a portion of that can be paid as part of the cooperating broker commission in the transaction, especially if the property is listed in MLS. The CBR representation is national, you can go to their website and look for someone who has taken the training. Also ask for references. A buyers agent has a fiduciary responsibility to you as the buyer and therefore will tend to be much more thorough finding out information on any house or neighborhood for you and your family."

    David Kim, a real estate agent from Edgewater, New Jersey said, "Here's one techique to know what is a good price (where's the bottom). For my home, comparable homes built in 2001 were sold for around $350k. This was a year or two before the market started to explode. I feel comfortable that homes will not dip below that amount. You should see what your home would've sold for in 2001/2002 and if it's almost down that low, you will be safe. 2003-2004 prices would be cutting it close and 2005-2006 prices would be unrealistic to consider buying."

    Now, as for how low you can go, it's more important to say how HIGH can YOU afford to go. When purchasing out home, we decided on what rental values were, what we needed in a house and what we were willing to pay per month regardless of market value. The following should help you make this decision."


    My Thoughts

    Simple - Use a real estate professional to help guide you through the intricacies of the foreclosure home buying process.

    Rudy
    Social Media Guru at Trulia.com




 
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