Mattress Money - The OC Real Estate Show with Peter Campellone

This week Peter Campellone reviews the stories about National Associations of Realtors (NAR) recent Homebuyer Survey, Home Valuation Code of Conduct (HVCC) Appraisal Woes, How to Purchase a Home and Obtain Financing with "Mattress Money" and our nations' Weekly Financial Reports.

There is newly released National Association of Realtors Homebuyer Survey that uncovers some revealing facts about what the homebuyer truly wants in working with a Realtor. When homebuyers we asked why they chose a Realtor to work with to close a real estate transaction 48% of repeat homebuyers and 55% of first time homebuyers said it was because they needed help understanding the buying process. Over half of all homebuyers questioned in the survey stated that they needed help finding the right home. While the least important reason for choosing a Realtor to work with was because of technology associated with the Realtor the homebuyer chose to work with for closing a real estate transaction.

The HomeValuation Code of Conduct is at it again handcuffing appraisers by forcing them to kill deals through faulty valuations. The most important role a Realtor can provide to his client after the acceptance of an offer and during the appraisal process is to arm her client with comparable sales in the neighborhood to help support value. Encourage the client to get involved by meeting the appraiser during the appraisal inspection and ask basic interview questions to help gauge if the appraiser has experience with the area.

Even the Real Housewive's of Orange County Star Alexis Bellino has gotten into the act of home buying by purchasing a new McMansion style home with CASH. In financing a home where mattress money is used, please contact Peter Campellone at 949-275-3403 for advice to properly position YOUR client to gain a loan approval.

This week, 22 new reports hit the top of the Bloomberg charts that may affect interest rates. The reports whose information has the greatest potential of impacting rates this week includes New Home Sales, Consumer Confidence, Pending Home Sales, Jobless Claims, ISM Mtg Index, and Employment Situation.

Lastly, Peter invites you to attend our next Help-U-Close Workshop hosted this Thursday, December 1, 2011. Learn more about this event for clicking the following link:

http://help-u-close-workshop-12012011.eventbrite.com/

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News & Politics

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