Posts Tagged ‘finance’

10 of the Best Social Media Sources for Real Estate

Aside from providing the latest details on Taylor Swift’s new album, Twitter and other forms of social media can be extremely useful when it comes to keeping tabs on the latest real estate news. Whether you’re hungry for foreclosures and short sales, information on recent tax credits, or tips on how to stage your home for a sale, these are the 10 best social media sources for real estate search.

Growth spurt... or Goliath?

Growth spurt... or Goliath?

1. Economix.Blogs.NYTimes.com

With contributors that include esteemed economics professors from MIT, Harvard University, and Princeton, the New York Times Economix blog helps readers understand the real impact of laws and market fluctuations that are relevant to the housing market. Recent blog posts discuss the impact (or lack thereof) of last year’s home buyer tax credit and the lasting effects of kindergarten education on a student’s life.

2. Twitter.com/Agentopolis

The best source for real estate lifestyle articles that aren’t focused on a specific region. Agentopolis combs through a variety of sources, posting about articles such as 10 Best Cities for Working Women with Kids and Hidden Costs of a First Home.

Porter Square in Cambridge

Porter Square in Cambridge, Massachusetts

3. The Cambridge Real Estate Blog

Harvard graduate and Cambridge real estate agent Charles Cherney tells readers what they can expect from the home buying process, how to find their dream home on Day 1, and when they can expect their home to sell in the Cambridge real estate market. Charles also regularly posts in-depth spotlights on Cambridge neighborhoods and properties.

4. Trulia.com/Voices

These message boards are great to browse through for real estate discussions. Post your own question, general or specific, for free advice from experienced real estate agents located in almost every region in the country.

5. YouTube.com

Another great source for real estate video tours. Check out this Cambridge real estate channel for video tours through the latest Cambridge MA listings.

A screenshot of WellcomeMat.com

6. WellcomeMat.com

A real estate video tour website featuring properties listed by 18,000 real estate agents across the US. Particularly useful for luxury properties in metropolitan areas. A good way to establish a connection with an experienced real estate agent.

7. Zillow.com/Advice

Similar concept to the Trulia message boards; another great source for free expert real estate advice.

8. LinkedIn.com

Any real estate agent that’s not on LinkedIn isn’t worth doing business with. Connect with a real estate agent you are interested in working with, read recommendations from clients or colleagues, find out if your agent has any certifications or designations that are important to you.

9. ConsumerBoomer.com

Even though it’s a blog that’s written for Baby Boomers, there’s a wealth of helpful financial information here that’s helpful for any generation. And though it’s not completely dedicated to real estate, articles include Affordable Vacation Homes and How to Get the Best Deal on Mortgages.

10. Twitter.com/EnergizedSeller

For home selling and staging tips, ask Dan Eason. Visit his website for more tips and tricks at EnergizedSeller.com

Did we miss something? Tell us your favorite social media source for real estate!


28

07 2010

Financially Preparing to Buy a Home

Before the recession, the phrase “house poor” was adopted into the average home buyer’s vocabulary, as buyers hesitated to spend every last penny of their life savings on a down payment for a dream home. To go beyond the “house poor” consideration is to prevent oneself from also becoming “Maintenance poor.”

Marketwatch.com recently published an interesting article for home hunters on how to financially prepare to buy a house in these shaky economic times. To become “Maintenance poor” is to purchase a home unaware of its necessary future repairs with the fatal error of not having enough in the bank to cover these costs.

The article advises house hunters to save at least 1 to 3 percent of a property’s purchase price for major maintenance costs and unexpected expenses. As for mortgage payments, these days buyers should have 6 months of payments saved in the bank because of the wavering job market. For basic repairs like painting and caulking, anyone buying a typical starter home budget $500 to $1,000 a year.

If you’re a home buyer looking at homes in Newton, Natick, Needham, Wellesley, Brookline, and Weston, the top real estate agents of the area are Christine Norcross and Partners. Browse the Homes by Norcross website for Newton listings, and feel free to contact Christine Norcross and Partners if you have any question about Newton real estate or about a particular property.


14

01 2010