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April 16, 2007

RMO news summaries

Let REALTORĀ® Magazine Online help you stay on top of news useful to buyer's representatives. In "3 Buyers You May Want to Avoid" RMO summarizes a Market Watch article on why certain buyers may be challenging to work with. "New Rules for Buying a Home Before It's Built" summarizes a New York Times reporter's advice on preconstruction purchases.

April 03, 2007

Latest condo amenity...schools

Forget the gym or the rooftop deck. The latest amenity in condo buildings is an in-building school. It's a common occurrence that many young urban couples live in the city then move to the suburbs once they start having children. To draw interest in new developments some developers in urban areas such as Hoboken, NJ, are adding schools to the list of building amenities. These schools are usually private, such as Montessori or Catholic, but some are charter schools. The demand for admission to some of these schools is so high that there are even waiting lists for preschoolers. "'There is a real focus by the city administration in Hoboken to raise the level of education...'and having this school locate here will benefit the overall community. Plus, it will help build a sense of community in a place that has become a new neighborhood in a very short period of time.'"

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Power Tools for Buyer's Respresentatives, from NAR's Information Central, provides information on research studies, websites, books, news, tips, and other resources for real estate professionals who specialize in representing buyers.
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