Active Rain sues Move Inc for a deal gon...
Posted by Erion Shehaj in Real Estate Industry on 09 29th, 2007 | No Comments
The online real estate community is buzzing about a lawsuit filed by Active Rain Corp (an social networking site for real estate professionals) against Move Inc concerning a potential acquisition of the former by the latter. As the story goes, Move Inc (move.com)  approached Active Rain about a potential... 
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The wrong way to reinvent the wheel...
Posted by Erion Shehaj in Real Estate Industry on 07 4th, 2007 | 2 Comments
At any point in time there is someone trying to revolutionize the real estate industry by doing something so radically different that it would change the way things are done forever. Some (not me) will argue that one of these attempts would be Redfin’s approach to real estate with their reduced... 
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Solid markets take a hit from subprime t...
Posted by Erion Shehaj in Real Estate Industry on 06 16th, 2007 | No Comments
It is finally here! Just like an infection that sooner or later reaches the healthy organs of the body, the housing market is showing strains in parts of the country that were previously going strong. First let me clarify that I am not joining any panic bandwagon here. I never really bought into the... 
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Unfair advantage in mortgage business hu...
Posted by Erion Shehaj in Real Estate Industry on 06 14th, 2007 | No Comments
Every time I represent a client purchasing a “builder” home, it makes my blood boil when I hear the salesperson list all the “incentives” the builder is willing to concede only if the buyer “chooses” the builder’s preferred mortgage company. That is right before... 
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“What do you want me to tell you?&...
Posted by Erion Shehaj in Real Estate Industry on 06 14th, 2007 | No Comments
That is all I get?! What do you want me to tell you? Two weeks ago I submitted an offer on a REO property being marketed for sale by a very established REO broker here in town. I did the follow up call as usual, confirmed receipt of the offer, and was told that there was no other offers on the table.... 
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Earnest money release rules must change...
Posted by Erion Shehaj in Real Estate Industry on 06 9th, 2007 | No Comments
Fresh off a deal falling through in the 11th hour and 45 minutes, I feel very compelled to write this post about the need for earnest money deposit release rules to change. In this particular deal, the buyer had an approved loan, we were two days from closing, they changed their mind for no reason whatsoever... 
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Why the classic real estate model is sti...
Posted by Erion Shehaj in Real Estate Industry on 06 8th, 2007 | No Comments
Now that the national housing market has hit a bit of slump, you don’t hear about them as much in media’s feature stories but I remember about six months ago when every other day CNN Money was covering some new concept real estate company that was slashing commission rates and how it all... 
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How Zillow and Trulia will affect the re...
Posted by Erion Shehaj in Real Estate Industry on 06 8th, 2007 | No Comments
A little while ago I came into contact with Zillow and Trulia and as with any new website that tries to become the new nationwide MLS system, I discounted them. But I kept coming back and checking on them periodically. Recently, my company Signature Real Estate, officially started advertising our listings... 
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Real estate and mortgage leads just dont...
Posted by Erion Shehaj in Real Estate Industry on 06 8th, 2007 | No Comments
       I realize that I may be touching on some very sensitive “nerves” with this post. Now that we got that out of the way…. Close your eyes and imagine this: It’s Saturday and you’re in the last hour of a four hour open house. No people have shown up. No people in... 
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