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Do you know what happens if you die without a will? The courts will decide who will raise your children, manage your assets, inherit your possessions, and administer your estate. Heirs must usually agree on a court appointed administrator. If some of the heirs are mentally incapacitated, or under age, it gets unbelievably complicated. Add in children and spouses from previous marriages and it can become a seething pot of turmoil for your family.If your second spouse survives you, the children from your first marriage could end up with nothing. The courts may set aside assets to be given to the children when they come of age, that makes it impossible for your spouse to afford your current home or lifestyle.When there is no will and a couple dies together, the state may have to “decide” who died first. If one outlives the other, even by a few minutes, the relatives of the first to die can loose out completely.

Without proper organization your assets could go unnoticed or become lost and loved ones may not benefit from your years of hard work.

The triple threat real estate seller problems: weak market, legal pressures, and increasing competition, has pushed the agents to offer previously held information to the net for free. This is one trend that helps both the buyers and brokers. This information provides the brokers with just enough information to give buyers a one-site stop for all their real estate needs.

“It’s a natural evolution of competition and what consumers want,” said C. Robert Hale III, chief executive of the Houston Association of Realtors, which operates the area’s M.L.S. “The consumer wants to see everything.”

How will this change the current way agents and brokers sell, we’ll know in a few months.

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It’s pretty obvious by now that the US is suffering on the real estate market. However, like a proverbial silver lining, California Real Estate Commissioner Jeff Davi said:

“The market is cyclical, you know that,” he said. “There’s no quick fix. There’s no silver bullet.”

This was the strongest message he said yesterday in front of 300 members and guests of the San Diego Association of Realtors. As we reported last time, the city was one of the hardest hit by the market.

The commissioner also advises the vets to pair up with the greenhorn agents and that they should focus on the rising number of foreclosure properties because that is an opportunity for all.

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Lately, the most common question circulating among people in the real estate industry is “What will happen to real estate market in the next 6 months?” Clients are asking when will the real estate market turn? The answer will be indicated by the number of loans that were funded. The clue is to listen to what the local lenders have to say. When they say that many loans were closed, then it is time to purchase because good deals will be visible. According to Wall Street, the real estate market most probably will not normalize yet until two more years.