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Real estate pros in San Diego: We just wanted to give you a heads up that Zillow COO, Spencer Rascoff, will be in San Diego on April 5 to talk about how Zillow — one of the most popular real estate Web sites — can help you and your business.

Spencer will address:

  • Zestimate® values and accuracy
  • Networking with consumers in your local area
  • How to leverage Zillow’s 8M+ monthly users to promote your listings, yourself and your expertise
  • How to dominate ZIP codes where you work

What: Zillow A to Z: From Advertising to Zestimates, Learn How to Make Zillow Work for You
When: Monday, April 5, 11:30 am to 1 pm
Where: DoubleTree Hotel San Diego Mission Valley

Free lunch will be provided and parking is free!

>> PLEASE REGISTER HERE

Hope to see you there!

View other Zillow events.

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As actor Mel Gibson proceeded with his highly publicized divorce from wife Robyn last year, it was revealed that a lot of Gibson’s wealth is tied up in real estate. Last year, he put his Old Mill Farm estate on the market for $35 million and it looks like it’s still for sale, but at a big price cut. The Greenwich, CT property is now listed for $29,750,000. (See more celebrity price cuts).

Now, another Gibson estate is up for sale, but this one is on the other coast. Gibson’s Lavender Hill Farm is for sale for $14.5 million. Located in a secluded area of Malibu known as Serra Retreat, it is Gibson’s own private escape. The 2.75-acre grounds have mature trees, a fruit orchard, and organic gardens.

The home is newly remodeled and has 6 bedrooms and 6 baths with a hardwood/stone floors. The master bedroom is on the upper floor and includes a sitting room. Extras include a lighted tennis court, pool, three guest houses, two offices, a detached gym, library, and a garden cabana with game room. It sounds, well, divine. But, don’t take our word for it — see more photos of Mel Gibson’s Malibu home.

> See Malibu real estate

> See Malibu home values

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It’s been a tough couple years for borrowers who are looking to secure a home loan or to refinance an existing loan. Today, the Wall Street Journal reports in the article “Where to Find the Money,” that “…U.S. banks posted a 7.5 percent decline in 2009 in total loans outstanding — the steepest drop since 1942 — and consumer lending fell by 3.8 percent as roughly 7,200 banks and credit unions pulled back on mortgages, credit cards and other loans.”

What is interesting, according to the article, is that while the largest 10 percent of banks by asset size shrank their consumer lending by 4.7 percent, consumer loans actually grew nearly 3 percent at smaller financial institutions — the ones that fell in the bottom 50 percent of the industry in assets. Seems like there is some money to be had if borrowers know where to look.

That’s just part of the beauty of using Zillow Mortgage Marketplace to shop for a home loan.  Zillow’s network of lenders range from individual brokerage firms and small local banks to the larger, national banks.  Borrowers simply submit an anonymous loan request and receive custom quotes from a wide range of financial institutions almost instantly.  Even better, borrowers can compare all of these quotes on an apples-to-apples basis inclusive of all fees, and review lender ratings and reviews before deciding which lender to contact.

As the WSJ writes, the trick to getting a good deal on a loan is to compare costs and there is no easier way to do so than on Zillow Mortgage Marketplace.

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[Note: To follow is an excerpt of a radio show interview conducted by Peter L. Mosca, host of Income Property Investment Talk dot com, with Steven Moreira, CCIM, CIPS, and CEO and sole stock-holder of the 4-Quadrant Magic Companies, who provides a comprehensive look at the financial markets, financing, and what is happening on the streets in the marketplace, right now in terms of funding and lending. To listen to the show archive or download an MP3, go to www.IncomePropertyInvestmentTalk.com/021010.]

Read the rest here:
Moreira on Success: Be Flexible, Willing to Change and Never Stop Learning

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It’s about to get tougher to qualify for a Federal Housing Administration (FHA) mortgage, often considered the replacement loan for the collapsed subprime market.

Originally posted here:
Tighter Requirements for FHA Loans Loom

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A question from Bay City, MI, asked by chummydog in Zillow Advice is:

What does “house in redemption” mean?

Do you know?

P.S. Real estate agent Mike Emery received the “Best Answer” vote.

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We’re still feeling some Oscar® fever, so allow us to indulge with yet another home owned by an Academy Award nominee — Glenn Close. Yes, we still have vivid memories of her role as deranged stalker Alex Forrest in Fatal Attraction and were curious to read about the sale of her Manhattan “aerie” from none other than Real Estalker.

Close’s Upper East Side condo is on the market for $11,800,000 and her apartment, 19-D, is described as being one of Central Park West’s most glamorous since it’s part of the “… coveted “D” line east over Central Park, south over the Planetarium and all the way down the Park to the Manhattan skyline.” A spacious 19

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A word of advice for builders, contractors, developers and all other players interested in re-building strength back into the real estate marketplace: only strong, balanced, and experienced leadership at the executive level will pull the industry through to the next upcycle. According to Bill Ferguson, author of the new book “Keepers of the Castle: Real Estate Executives on Leadership and Management” it is time to rid the industry of the greed and egos that helped contribute to the industry’s downfall and allow the “great leaders in the industry” to get real estate back on its feet. Now, says Ferguson, companies must implement another business strategy–a focus on leadership and building a leadership bench within their companies.

Here is the original:
Nine Leadership Mistakes to Consider As You Rebuild Real Estate

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There are a lot of exciting things coming out in the next few weeks – here are my top 3:

1. Like it? Hate it? The iPad which drew a ton of rumors and speculation is ready to make it’s debut. The 1st commercial aired during the Academy Awards (which explains why Steve Jobs was on the red carpet) and is officially going mainstream. The iPad will be on sale on April 3, 2010 and pre-orders begin March 12, 2010.

Here’s the commercial in case you missed it:

2. Better than the iPhone?! The Google Nexus One phone – the phone that had a lot of buzz when it first came out, is a phone that critics are still wondering if it can compete with the iPhone and other touch-pad type smartphones. Google has never made it a secret that they plan to release it to multiple carriers – just WHEN is the question. This phone is rumored to be coming to Verizon on March 23, 2010.

3. Wonder if I could sneak into this? :) f8 – The Facebook Developer Conference is slated for April 21-22, 2010.

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According to the Facebook blog,

“f8 has always been about empowering a community of developers to hack, to build and to delight users. We’re looking forward to continuing this tradition at our third f8 in San Francisco on April 21-22, 2010. Please save the date!”

BONUS: One more thing to add to your calendar this month. Planning on coming to Real Estate Connect SF (#icsf) – Early Bird Registration ends in 11 days! Sign up by 3/19/10 and save over $300!

Would love your comments – please leave feedback below!

Written by: Katie Lance, Marketing Manager, Inman News

Ad: Win more business! Showcase your company with a custom video ad from Turnhere. Save 50% off your first video!.

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How much is your real estate–your house, condominium unit, cottage, income property–worth in this market?

Source:
What’s My Real Estate Really Worth?

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It may not feel like Spring in your town, but for most of the United States, we’ve turned a corner. The sun is shining, the snow is melting, and the crocuses are poking their heads up through the ground; a brutal winter is winding down.

The House Hunter’s Toolkit

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Despite being just 3 1/2 weeks from the much anticipated end of government purchasing of mortgage-backed securities, mortgage rates remain steady.

Excerpted from:
Mortgage Rates: The Calm Before the Storm?

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nothing-to-say-so-blog
“I have nothing to say.”

I have heard this over and over again, not just by real estate agents – but by many people who are trepidacious about getting involved in Twitter.

To many, Twitter has become more useful as a way to tap into what’s “going on today,“ than to broadcast their own messages. And once you get acclimated to Twitter, you might just find you have something to say after all. :)

Biz Stone, Twitter’s co-founder says,

“Naysayers should simply log onto their Twitter’s home page and search for a topic they are interested in, whether it’s their favorite sports team, the name of their company or a topic in the news.” Within a minute, they understand the appeal, he said.

Here are 3 ways to make Twitter work for you:

1. Create a custom feed. Find people to follow by searching Twitter directories. My two favorites are WeFollow or Just Tweet It. Remember, to get followers at first, you must follow others!

2. Create lists.

twitter-list

Lists are fantastic – and a GREAT way to organize people you follow. You could make lists for news sources, fellow Realtors, geographic areas, etc. This way you can click on that list to see what those specific people are talking about. I just created the Inman Team list – as a place for people to contact the right person at Inman News (i.e. editorial, marketing, advertising, etc.) If you don’t know who the best users are on a favorite topic, look for lists on sites like Listorious or by checking profiles.

3. Check out the most discussed topics in your area. We hear it over and over again, but real estate is truly a ‘local business.’ Find out who is around you locally and what they are chatting about. Some Twitter apps, like Tweetie and TwitterLocal, let you search posts near you. Check the Web site Happn.in to see the most discussed topics in your area.

BONUS: Don’t be afraid to ask questions. Once you’ve gotten your feet wet, use Twitter to ask questions such as the best place to grab a bite to eat in a new city, marketing tips, or anything else you need an answer to!

Some questions Realtors could start asking via Twitter are: “What’s the best marketing tool that is working for you?” or, “What is the most effective thing Realtors are doing to convert leads to sales?” These questions open the door to conversation and networking!

What are you doing to make Twitter work for you? Would love your feedback – please leave me a comment below!

Written by: Katie Lance, Marketing Manager, Inman News

Ad: Win more business! Showcase your company with a custom video ad from Turnhere. Save 50% off your first video!.

See the rest here:
Tip Tuesday: 3 Tips to Get the Most Out of Twitter

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The Corky McMillin Companies ‘ unveiled plans for its new town, Millenia, designed to be the epicenter of the sprawling Otay Ranch community.

Read more here:
McMillin unveils Millenia project

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In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes.

Here is the original:
NYT: Plan to pay homeowners to sell at loss

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