Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com from 9:00am to 10:00 am every Friday.
So last week we joined by Sherry from Bucks County Housing Group so we could discuss being prepared to buy.
This week the Real Estate News was Credit Reports have millions of errors. So a Federal Trade Commission study found that 42 million consumers have errors on their credit report. Not all of the errors were found to affect actual scores. However 13% of the study participants were found to have had their scores increase after the errors were corrected. The Consumer Data Industry Association extrapolated from the numbers that 98% accuracy is great. I guess those adversely affected don’t work for that association. Maybe they were denied the job due to the error. Ooops! Before you put that new kitchen in crunch the numbers on Zillows new renovation tool. Dubbed Zillow Digs the site will calculate an average cost for the remodeling based on the area you live in and then match you up with contractors in the area. With the return on average of 69% on a kitchen remodeling keeping the costs down are paramount. Its like match.com for kitchen and bath installers.
Today Vince and I are joined by Karissa (Facebook Girl) from Gateway Funding. Karissa recently graduated from West Chester and she has taken on the “Social Networking” responsibilities for a huge company with branches in 30 states. Social Networking is defined as: “The use of a dedicated Web site to communicate informally with other members of the site, by posting messages, photographs, etc.” Named for “six degrees of separation,” SixDegrees.com was the first social site from 1997 to 2001. It was followed in 2002 by Friendster and MySpace a year later. Started by two friends, MySpace became extremely popular, and its parent company, Intermix, was acquired by News Corporation for $580 million two years after MySpace was launched. Facebook came out in 2004 targeting college students, but when it opened to everyone, it grew exponentially to become the top social site. Two years later, Twitter was launched, and although a different approach, it created its own revolution within a short time.
Please join us live at www.wbcb1490.com for the open discussion on using Social Networking in the real estate/mortgage business.
In combination with CBS and WPHT 1210 am we have also been fortunate enough to have been asked to write some articles in “Local Living Magazine” to explore some of the questions you all ask us and the answers we provide. Look for your latest issue this month. For a FREE subscription please email us.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.