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64 posts categorized "Real Estate"

Thursday, September 25, 2008

Scams, Spam and Illegitimate Listings

At HotPads, we're constantly working on ways to ensure that we provide up-to-date, quality real estate listings to you, our users.  It's an endless struggle, but our largest and sharpest weapon against spammers, scammers and illegitimate listings is our community of educated users. 

Humans can easily detect spam.  For example, when you're browsing listings and the contact information reads "Sleazy Stan's Spamming Systems", you know to ignore the offending listing and move on.  One thing you may not know, but will help keep your browsing experience at HotPads as pleasurable and effective as possible, is that you can report these listings.  Each bad listing you report helps us learn the patterns and similarities between bad listings, and improves our ability to automatically keep them out of our system.How to report a HotPads listing

You can report spam, scam or incorrect listings on HotPads by clicking "report this listing" on the offending listing page.

Scams are more difficult to detect, but knowing how to detect a scam saves you money and embarrassment. To this end, Dan Daugherty recently launched a blog called rentalscams.org to document the latest scams perpetrated by both tenants and landlords.  Most of the scams we uncover at HotPads come in the form of fake listings, which we explain more in a short guest post on Dan's blog.

While not technically scams, unlicensed landlords (in areas where licenses are required) can cause renters just as much grief.  Properties offered by unlicensed landlords likely haven't been inspected to ensure compliance with safety regulations, so they may be unsafe to inhabit.  In the District of Columbia the Department of Consumer and Regulatory affairs is running a campaign called thisshouldbeillegal to educate college students about the district's landlord licensing requirement.

Help us combat scams, spam and illegitimate listings by remaining vigilant and keeping yourself informed.

Wednesday, May 28, 2008

New York Times Author makes Buy vs. Rent Decision

In a recent New York Times article, the self-described "evangelist for renting" David Leonhardt describes the economic factors that finally made him take the plunge and become a homeowner.

With home prices skyrocketing a few year ago, renters enjoyed the benefit of lower housing payments and more flexibility to relocate for work, school or love.  Homeowners have always enjoyed tax breaks, control over their living space and (until the last year or two) steady appreciation of their investment.

These are the same complexities that go in to the HotPads Buy vs. Rent Calculator, and easy way for you to see what makes sense in your specific financial situation.  You can also search for apartments, condos and home for rent and sale by monthly payment using the HotPads "Buy vs. Rent" housing search.

Tuesday, May 13, 2008

Jackson's Neverland Ranch Avoids Foreclosure

King of Pop Michael Jackson gets to keep his Neverland ranch after the failure to pay on his $24 million mortgage had the playland of llamas and orangutans facing the aution block.  The 11th-hour purchase of the loan by Colony Capital LLC kept Jackson from losing the 2500-acre ranch.

Jacko isn't alone in his plight, as million-dollar foreclosures abound in the current market.

Jackson no longer lives at the ranch, so he should check out the Hottest Pads on HotPads for a more modest mansion, where we have nice homes starting at just $6 million.

Monday, May 12, 2008

Foreclosures Bring Buzz & Bites

If you thought that the only bloodsuckers involved in the whole foreclosures mess were shady mortgage brokers, think again.  An apparently major problem with abandoned homes are the swarms of mosquitoes that breed in the stagnant swimming pools.

Mosquito To combat the threats of West Nile and worse, ruined weekend barbecues, local authorities have used a variety of methods to combat the pests.  One innovative solution reported in the Wall Street Journal last week involves stocking pools with mosquito fish, which feed on the insect larvae.

I would think that an easier solution would be to just drain the pools.  Here at HotPads we like the fish on our plates, not in our foreclosures.

Wednesday, May 07, 2008

Fastest Growing Real Estate Markets on HotPads

Cnn.com recently published its list of the 10 fastest growing real estate markets where homes are expected to post price gains in the coming year.  Check out the following selections on HotPads.com and see if our foreclosure heat maps tell a more cautionary tale.

If you're not convinced that these areas are great places to buy, you can still find great apartments to rent on HotPads.

Monday, April 28, 2008

Holdouts Hamper Plan to Raze 1,000 Homes

The government of Youngstown, OH is looking to bulldoze over 1,000 buildings in an attempt to save money by ceasing city services in parts of the declining town that are nearly vacant.  The few homeowners that remain are eligible for grants of up to $50,000 to relocate.

In past years, cities like Philadelphia and Baltimore have tried similar tactics to revitalize their housing markets by creating new tracts of open land for future development.  However in Youngstown, some residents of the last inhabited homes refuse to leave, even for fifty large.

Perhaps they haven't seen all the great homes for sale on HotPads.com.  Sadly, $50,000 won't even pay for lawn care at one of our Hottest Pads, which start at a cool six mill.

Thursday, April 24, 2008

HotPads Partners in 2008 Fortune 1000

Fortune Magazine's annual list of America's largest corporations lists two companies near and dear 500to HotPads: Equity Residential and AIMCO.  Both of the real estate investment trusts showcase their portfolios of award-winning apartment communities and rental developments on HotPads.com.

For property managers looking to break into the Fortune ranks, HotPads is the place to market rentals, giving them access to one of the largest and fastest-growing housing search sites with no fees charged for listings, leads or leases.  And with those low-cost Featured Listings, no property should ever go vacant.

Check out the top ten real estate firms in the Fortune 1000 here.

Friday, March 21, 2008

Connect with HotPads on LinkedIn

The great business networking website LinkedIn.com has recently launched a new feature allowing users to see profiles for over 160,000 companies, including HotPads.com.  These company profiles have lots of interesting information like descriptions, employee rosters and locations.

Linkedin The real estate community is a huge fan of LinkedIn (just search for people with the title "Realtor") as a way to keep in touch with old colleagues and as source for new business leads.  LinkedIn has none of the potentially embarrassing personal pictures and "friends" that can accompany a Facebook or MySpace account.

If you're a property manager, real estate agent or other professional in the industry, add or update your profile and link up with your favorite member of Team HotPads.

Wednesday, February 27, 2008

Even Uncle Sam is Unloading More Real Estate

A government report put out last year showed the federal agencies pay more than $130 million dollars a year to maintain over 20,000 real properties that they don't use.  Some of the properties are vacant.

Budget So with a new project included in the 2009 budget, the feds will try to sell some of this property through the creation of a “real property disposal pilot.”   Agencies that own the property would get to keep 20% of the proceeds of any sale, with 80% going into the public coffers of the Treasury.

According to the acting controller for the Office of Management and Budget, the properties are worth more than $17 billion.

But don' look to buy government castoffs here.  We don't have a map icon for the "nondescript building with secret underground bunker" property type on HotPads.  The best we can do is apartments for rent in Washington, D.C.

Tuesday, February 05, 2008

Sellers Turn Green to Make Some

Still facing rising inventories of unsold homes and falling prices, sellers have been trying everything from juicy perks for buyers agents to unloading houses in a raffle to get out of unwanted properties.  Now in response to higher fuel costs and environmental awareness, many are marketing the new "green" qualities of homes for sale.

Some sellers tout the existing energy-efficient qualities of their real estate while others are making investments in new appliances, insulation and even solar panels.  One new home community was even giving away Prius hybrids as part of a green promotion.

Don't think that HotPads isn't ahead of this trend.  We are proud to say that we have supported green houses since we launched our site in 2005.  Just look at our logo.

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