BuyerBeacon.com Official Press Release

Its official, BuyerBeacon.com has gone nationwide! Here is a link to the Official buyerbeacon.com press release:
Buyerbeacon.com Press Release

Keep watching the News section of BuyerBeacon.com as we update the site with the newest press releases and articles regrading our new real estate social networking website!

BuyerBeacon.com Sets The Stage for Real Estate 2.0!

Buyerbeacon.com is officially open for business! Buyerbeacon.com is a social networking website that puts home buyers and sellers together on the same website and allows them to interact to find their perfect match. Both buyers and sellers can upload a profile picture, tell a little bit about their homebuying needs or why they are looking to sell their home. For the first time ever in the online real estate marketplace home sellers can pursue willing home buyers in their area! Buyerbeacon.com takes advantage of social networking to start a new, simple, and cheap way for people to buy and sell homes and property! We are in a true buyers market and buyers can take advantage of the market right now and use the site to describe exactly what they want in a home and sit back and wait for their desired home to come to them!!! For home sellers it can be a tough time to find a buyer, but buyerbeacon.com offers sellers the chance to take the initiative and pursue buyers. Not to mention buyerbeacon.com has a built in listing management tool so that sellers can add and manage additional listings. Its time to make the real estate market work for you!!! If you're a buyer pick and choose the homes you want to pursue, make offers via email, and save your time and money!!! For sellers find the perfect buyer for your home fast and free!!! Check out www.buyerbeacon.com we are "Your Official Real Estate Matchmaker!"

We are now open for business!!! Keep an eye on the site as we grow and continue to add enhancements to www.buyerbeacon.com to make your home buying or selling experience as easy as possible!!!

Narrow Down Your Home Search and Save Time & Money!

As the roll out date approaches we are more excited than ever to highlight some of the many benefits that buyerbeacon.com has to offer. Lets start with Buyers. Right now buyers can pick and choose from the countless homes on the market for sale, but with so many homes to view and choose from, where do you start? Well you can drive around all day grabbing home flyers or looking through real estate guides, which takes time and money (especially with gas prices on the rise), or you can visit buyerbeacon.com. At buyerbeacon.com you can enter search criteria based on exactly what you are looking for in a home and let sellers that match your profile contact you! You might ask how they will know to contact you? Well its quite simple really, because as soon as you specify what you're looking for in a perfect home the buyerbeacon.com database filters through all of our homes for sale, finds homes that match your profile, and sends the sellers of your matching homes an email notifying them that you have signed up! It shouldn't be long after that you should have new mail in you profile inbox from tons of matching homes/sellers in your desired location. So the work of narrowing down your home search is done, now all you have to do is browse the profiles and pictures from matching sellers, setup an appointment to view the homes you are interested in via email, and you can even negotiate and make offers via email. Then once you are ready to buy your new home check out our Resources page to find all the services you need to close the deal. Why stress over the home buying process, its supposed to be an enjoyable and exciting experience. Give buyerbeacon.com a try, its free, its easy to use, and you can have a profile created in a matter of minutes! Take the initiative and save your time and money. Create a FREE profile at buyerbeacon.com today!

Buyerbeacon.com is set to rollout in mid-July 2008!

Affordable Homes in Every State

By Maya Roney Wed Sep 26, 8:08 AM ET
In Greenwich, Conn., Boston, and many parts of California, a four-bedroom house can easily set you back more than $1 million, while in parts of Texas and in the Midwest, a similar house can be had for just over $100,000. But you knew that already. It's no secret that homes in ritzy Beverly Hills cost 10 times more than comparable houses in the military community of Killeen, Tex. The question is: How much do you really need to pay for the lifestyle you want? It might be less than you originally thought. According to Coldwell Banker's 2007 Home Price Comparison Index (HPCI), Beverly Hills is the most expensive housing market in the nation for the second year in a row, with the average price of a home sold through July, 2007, at $2.21 million. In Killeen -- the most affordable market in the U.S., according to the HPCI study -- a similar home sells for $136,725. Killeen is a city of about 100,000 located directly next to the Fort Hood army base, with a military-dependent economy. You won't find anything akin to Rodeo Drive here -- but you will find community events such as fairs, concerts, and high school football games; outdoor recreation like fishing and hunting; and a pervasive sense of patriotism.

A Different Sensibility
"When you drive through town, all the local establishments have got the stickers saying 'we support our troops' in the window," says Tom DeAngio, a Realtor and Killeen resident whose son will soon be deployed for his second tour of duty in Iraq. For nightlife, DeAngio says Henderson's Family Restaurant on East Avenue A is a popular choice.
The Coldwell Banker HPCI survey evaluates average selling prices in 317 U.S. markets for single-family houses of approximately 2,220 square feet with four bedrooms, two-and-a-half baths, a family room, and a two-car garage. The cumulative average sales price of these subject homes is $422,343 (higher than the National Association of Realtors' median home price of $218,200 for all existing homes sold in the U.S.).
Beverly Hills; Greenwich, Conn.; the California markets of La Jolla, Santa Monica, Palo Alto, Newport Beach, Santa Barbara, San Mateo, and San Francisco; and Boston comprise the top 10 most expensive markets in the country, all with average home prices of $1.38 million and up. In addition to Killeen, Minot, N.D.; Arlington and Fort Worth, Tex.; Canton, Ohio; Muncie, Ind.; Topeka and Wichita, Kan.; Tulsa, Okla.; and Grayling, Mich., make up the list of the most affordable housing markets.

Million-Dollar Differences
But affordable markets exist in just about every state -- even in California. The average 2007 sales price in Sacramento for one of Coldwell Banker's subject homes was just $380,625, making it the most affordable market in the state. In Connecticut, a home in West Hartford sells for an average of $365,000, and in Worcester, Mass., you can buy a four-bedroom home for around $286,000. California, Connecticut, and Massachusetts have the widest price variance between high- and low-end housing markets, with an over $1 million difference between the average home price in their most expensive and most affordable markets. But some states are affordable no matter where you look. In Idaho, the difference in sales price between the most expensive (Boise) and most affordable (Coeur d'Alene) markets was a mere $30.

Real Estate's a Local Business
Thinking about relocating? An area's affordability is important to consider when buying a home. Unaffordable areas may indicate that prices are too high to be supported by the local economy, while affordable prices ensure that demand will continue to fuel the housing market. Affordable areas can be good hunting ground for real estate deals (BusinessWeek, 7/18/07). "The real estate market has certainly changed over the last year," says Jim Gillespie, chief executive officer of Coldwell Banker. "I continue to point out that we cannot make national blanket statements about appreciation and inventory. Real estate is a local business, with each market having its own story to tell."

Buyerbeacon.com is devoted to keeping you on top of the latest mortgage and homebuying news as we continue to develop our website, which is set to roll out in July 2008!

U.S. home prices to keep falling

Tighter credit could crimp demand for homes and cause prices to fall further, the Cleveland Fed said. "Any change in the ability to purchase a home . . . can have a large impact on the level and volatility of housing prices," it said. Prices in the 20 largest U.S. cities fell 2.8% in Q2 from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Index.

Buyerbeacon.com promises to keep you on top of the latest mortgage and homebuying news as we continue to develop our website, which is set to roll out in July 2008!

Internet Homebuying the New Trend in the Real Estate Industry

MARSHALL LOEB'S DAILY MONEY TIP
Save by selling your home online
By Marshall Loeb, MarketWatch
Last Update: 12:01 AM ET Jul 10, 2007

NEW YORK (MarketWatch) -- Despite the recent slump in the housing market, many Americans are still paying a walloping 6% commission to real estate brokers.
At first blush, 6% may not sound like much, but consider: According to the U.S. Census Bureau, the average price of a home is $313,000, which means the average seller has to pony up nearly $19,000 in broker fees. This is a hefty penalty for selling your own home, one that more and more Americans are unwilling to pay.
Many homeowners are now opting to market their property directly to the consumer using online services. There's good reason for going to the Web: One recent survey, conducted by the National Association of Realtors, found that 80% used the Internet when searching for a new home.
Selling your home online is simpler then you might think. Here are the three key steps you need to take:
1. Find out what your home is worth. If you're working without an agent, the first and most important step is to get an accurate home appraisal. To find a licensed home appraiser in your area, visit Appraisal Institute.org, an association of professional appraisers. There is also a group of free services on the Web, such as Zillow.com, that allow you to estimate the value of your home by comparing it with neighboring properties.
2. Market your property. The goal when marketing your home is to "drive as many buyers as possible to your ad," so make sure you choose a site with a lot of traffic, and augment your listing with high-quality color photos and a compelling description.
3. Transfer the title. Once your home is sold, you need to call in the professionals. East of the Mississippi, title transfers are generally handled by real estate attorneys, whereas in the West, the job typically falls to title companies. Regardless of who handles yours, you shouldn't pay more than about $500.
So, how much do you stand to gain by leaving out the realty broker? Selling your home online is likely to net you between $12,000 and $15,000. Marshall Loeb, former editor of Fortune, Money, and the Columbia Journalism Review, writes for MarketWatch.

Visit buyerbeacon.com/news to check out the latest in online homebuying and selling. BuyerBeacon.com plans to kickoff in July, 2008!!!

Having Trouble Buying or Selling A Home? BuyerBeacon.com is the Solution!

If you are a home seller you may know that the real estate market is tough right now. Mortgage rates are high, there are lots of foreclosures on the market, and hiring a realtor can be very expensive nowadays. With no end to the current housing slump in sight and thousands of homes on the market for buyers to choose from you might be thinking; Will I ever sell my home? Realizing the tough position home sellers are in right now a new website focused on residential real estate, buyerbeacon.com, is being developed to bridge the gap between home buyers and sellers. The current homebuying process is very time consuming and expensive. In a society where you are lucky to make it through a day without hearing a sales pitch, buyerbeacon.com aims to make homebuying a hassle-free process where a seller can receive the asking price for their home and a buyer can not only find their dream home, they can find it with ease, in the perfect location, and within their desired price range. Managing member of Buyer Beacon, LLC, Peter J Fabbri III, commented on the new website, "The concept of our website has not yet been seen in the internet real estate industry. We offer a free, no obligation way to market and find buyers for your home that is very interactive and user friendly." He went on to say, "In an online real estate marketplace where it can cost hundreds of dollars to sell your home online, its time to make the homebuying process easier and more affordable and that is why we are developing buyerbeacon.com!" BuyerBeacon.com is on target to launch as early as July 2008. Visit buyerbeacon.com/news for updates and future releases regarding this whole new approach to the homebuying process.