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Home Buying And Selling Information: Sharing The Knowledge

May 9, 2008
Launched barely 100 days ago - Real Estate Wiki, a new independent wiki that exclusively covers and deals with the real estate industry - has doubled its impressive launch number of 7,000 entries to almost 14,000. This includes over 3,000 definitions for real estate terms, over 800 acronyms, almost 1,000 answers to frequently asked questions about home buying, selling and financing questions, over 400 bio's of prominent real estate leaders, authors and speakers, over 600 real estate brokerage companies and details of some 800 real estate associations, institutes, councils, designations, courses, blogs, social networks, publications ... the list goes on and on.

Real Estate Wiki is divided into 70 categories that include:

* Types of Real Estate
* Homes & Lifestyles
* Frequently Asked Questions
* Real Estate Acronyms
* Settlement Service Providers
* Government and Local Authorities
* History of Real Estate
* Real Estate Online Media
* Real Estate Newspapers
* Real Estate Research Reports
* Real Estate Training Schools
* Real Estate Brokerage Companies
* Real Estate Technology Providers

Last month Real Estate Wiki at the request of users also added leasing information. This is an example of the kind of industry focus a specialized wiki can provide. The Frequently Asked Questions (FAQs) for this section include aspects such as:

* How to Find Rental Properties
* Obligations of a Tenant
* Responsibilities of the Landlord
* Lease Agreements
* Trust Accounts
* Leasehold Improvements
* Nuisances and Unlawful Activities
* Possession
* Defaults
* When Leases can be Terminated
* And many, many more valuable questions.

According to ComScore and Hitwise two real estate websites, Apartments.com and Rent.com, both rank in their January 2008 report as top 10 real estate websites based on traffic. This shows how important this sector of the real estate industry is, especially during a depressed real estate market.

To assist homeowners Real Estate Wiki shortly thereafter added some 25 Frequently Asked Questions (FAQs) covering questions on foreclosures, short sales, bank owned properties and bank auctions. FAQ's include issues such:

* Can I Negotiate the Price of a Bank Owned Property?
* What Can I Do To Avoid A Foreclosure?
* How To I Negotiate With The Lender To Avoid Foreclosure?
* How Does A Foreclosure Work?
* What Happens To The Mortgage Loan After A Foreclosure?
* What is a Better Option Foreclosure or a Short Sale?

In addition, Real Estate Wiki also features over 30 definitions in the Glossary of Terms providing explanations to concepts such as Foreclosure, Judicial Foreclosure, Strict Foreclosure, Deed-In-Lieu of Foreclosure, Decree of Foreclosure, Right of Redemption, etc.

RealEstateWiki is a privately funded, non-profit, non-bias venture and is inviting all real estate professional, brokers, agents, Realtor Associations, Service Providers, Schools and all other related organizations to go and add or update their entry and profile on the wiki. It doesn't cost anything and adding a back link to your website is encouraged.

Also all volunteers that wish to contribute to making the real estate business a better place, here is your chance. Join in and become part of the Web 2.0 world in real estate build the largest, highest quality, free real estate encyclopedia in real estate as a resource for everyone to use. Go to www.RealEstateWiki.com
About the Author
Real Estate Wiki doesn't cost anything and has become the largest online real estate encyclopedia. It strives to provide quality, objective and valuable information to anyone seeking guidance about home buying, selling, ownership, renting, becoming a real estate professional or serving and working in the real estate business as a real estate professional.
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