Archives of real estate blog entries for May 20, 2007 (Page 8)

Blog posts


The Short Sale - Part III* - 08:49 PM

As discussed in the previous "The Short Sale - Part I" and "The Short Sale - Part II", a short sale occurs when a seller's net proceeds from a sale will be less than what he needs to payoff his or hers outstanding mortgage amounts whether a first, second, or third note and any other lien holders.
Short sales are independent of the foreclosure process, however they are usually interrelated.  They usually occur due to financial difficulties with the homeowner.  But they could occur when someone needs to move due to a job change or other reasons, and the real estate market has … (2 comments)

Las Vegas Land Prices Are Holding Value.......Values Resilient Despite Soft Market! - 01:45 AM
Raw land values in Las Vegas stabilized at an average of $793,700 an acre in the first quarter......up 13.2 percent from a year ago.....commercial remains strong despite residential weakening.....they say there is plenty of land for sale but sellers are remaining firm with prices and developers are not finding any deals......land prices remain stable!http://www.las-vegashomes.biz
… (0 comments)

Loss of Construction Jobs in Las Vegas Is Key Factor in Unemployment Rise - 02:02 AM
Housing Slump Is Major Contributor
Department officials from the Department of Employment, Training and Rehabilitation attributed much of the up-tick in unemployment and the slowdown in job growth to a lagging home building sector.
Builders closed on 1,771 new homes in Las Vegas in March, down 50.9 percent from the 3,606 units they sold in March 2006.
Nevada is still strong and healthier than the rest of the nation.
Http://www.las-vegas-homes.biz
… (1 comments)

Something Old...Yet New Once Again? - 03:06 AM
What on earth could this be? A  history lesson for some, and a reminder of years gone by for others?  It was a big announcement...
Not sure, some may be too young to know, although (as a geezer) it was like a flash-back-in-time, bringing a smile to my face and possibly to others?     
So what's the big deal,...what's the  big announcement?  It's a "new drive-in- theater"  and oh my gosh, how lucky can we get, it happens to be in the heart of The OC.  
For some, a drive-in-movie theater is a part of history from the 50's, 60's and 70's. Yet … (12 comments)

Anyone in the Hanover, N.H. area? - 11:16 PM
I have a client in Maine who has a son that will be starting college this fall for medical school. The parents are wondering if it's worth their time to purchase a condo for the duration of the school or for him to rent. I let them know I would see what the market was like in that area.
If anyone has information in that regard who I might refer these folks to I would love to hear from you.
My email is: sue.paige@coldwellbanker.com
Thanks for helping.
Let's see if AR works for me.
sue from maine
… (1 comments)

Defining Neighborhoods Albuquerque Style - 01:15 AM
Eloise Gift http://EloiseaGift.com Your Gift for real estate
I have lived in cities with small clearly defined neighborhoods within neighborhoods where, without any visible trace of a name anywhere, everyone knew the name of his/her particular smaller neighborhood.
Albuquerque (especially newer Albuquerque) is also a city of neighborhoods within neighborhoods, but for the most part, the smaller neighborhoods are clearly marked.
I decided to take a look at some neighborhoods on the west side and it was surprised to discover just how many smaller areas were within each neighborhood. It was also fascinating to observe the variety of ways and of ways in which each neighborhood was identified. The markers … (3 comments)

St. Louis Real Estate Market Watch - May 18th, 2007 - 08:36 AM
St. Louis Real Estate Market Watch - May 18th, 2007
Successfully Pricing Homes in a Shifting St. Louis Real Estate Market
The Anatomy of the St. Louis Real Estate Market 
The The St. Louis Home for Sale Team provides a weekly St. Louis County Market Report to review, question, comment on and plug into your home buying or selling scenario.  Of particular interest is that in almost all price catagories sellers are pricing homes lower than the same period one year previous. The 500-549 price range is very active with a pending ratio of almost 50% and only 2.4 mo's inventory on hand .
St. Louis Real Estate  
Market Report for May … (0 comments)

Technology for the Elderly Realtor - 11:16 AM
In Sarasota, there are so many elderly Realtors, many of whom are not up on the latest gadgets available to them as a Realtor.  But many are still doing okay.  They have such a huge referral base, that being oblivious to the Internet as a means of lead capture, is okay.  One Realtor here is 98 years old and has been a Realtor for almost as many years!  Last year she did $13 Million in Sales.  That's a lot for a woman who works on her own with no technology tools.
On the other hand, I'm impressed with the older Realtors who have … (0 comments)

A Blidget Widget - 09:48 PM
"All right. This guy's losing it." You can admit it. Some of you think that about me? "He spends too much time looking at a computer screen. It's got him talking weird." You might remember in a recent post my weird talk was about "widgets" as the new technology that allows you to embed small web-based programs in your websites and blogs. Today I want to talk weird some more using the word: "blidget." Simply put, a blidget is a widget. (Try to say that fast three times.) A blidget is a widget. A blidget is a widget. A blidget is … (0 comments)

Century Village Condos in West Palm Beach - definition of affordability!! - 06:58 AM
THINKING OF RETIRING TO FLORIDA BUT NOT SURE YOU CAN AFFORD IT? 
With retirement approaching are you thinking about moving to Florida, but not sure you can afford it?
I have a really cute and affordable condo for sale in a 55+ community in West Palm Beach that just may be your ticket to  the retirement you're dreaming about.
This is a furnished one bedroom, one and a half bathroom unit with a good sized living room/dining room combination, a master bedroom with king sized bed and a air conditioned patio outside the master.  It is in a quite corner of the community.
The kitchen … (7 comments)

FORECLOSURES STILL RUNNING HIGH IN PALM BEACH COUNTY - 07:08 AM
There were more than 4000 homes in foreclosure in Palm Beach County during the first quarter of 2007 and another 4000 in some stage of preforclosure.
In Palm Beach Gardens, there were 294 in foreclosure during the first three months of the year.
Florida ranked second to California in foreclosures filed during the period with one foreclosure filed for every 162 households according to RealtyTrac, a national reporting firm.
Frequently buyer can pick up bargain properties through foreclosure processes, but just as often the home is in disrepair and needs significant work before being occupied or resold.
If you are interested in looking at foreclosed … (0 comments)

NOT TOO NICE!!!!!!! - 06:57 AM
To continue my story about my client who said the mobile home I showed him was TOO NICE
I did find him some units that were NOT TOO NICE.  We saw everything you could possibly imagine yesterday!   I stepped in one unit (it has been vacant for some time) and apparently something had died somewhere in there because the smell was overwhelming.  I had to excuse myself and go outside for some fresh air so I didn't vomit.    I went back in after a while but believe me I didn't open any closet or cabinet doors because I didn't want to find the thing … (18 comments)

1/2 Acre Waterfront Lot with 132 feet of waterfront - own the shore! - 06:56 AM
We have for you a one half acre lot in The Point, Lake Raymond Gary's newest addition.  This lot already has city water and electricity installed on the lot. The Point has protective covenants to help protect the value of your property.  Covenants require that any residence be new construction, no mobile homes, no modular homes, and be at least 1000 sq ft. This lot is on a cul-de-sac street.  Inside the city limits of Fort Towson - police patrol the street, fire department only 1/2 mile away, hospital about 20 miles.  1/2 mile from new 4 lane highway - highway … (0 comments)

1/2 Acre Waterfront Lot with 191 feet of waterfront, Boat dock & Fishing Pier - own the shore! - 07:45 AM
We have for you a one half acre lot in The Point, Lake Raymond Gary's newest addition.  This lot already has city water and electricity installed on the lot. The Point has protective covenants to help protect the value of your property.  Covenants require that any residence be new construction, no mobile homes, no modular homes, and be at least 1000 sq ft. This lot is on a cul-de-sac street.  Inside the city limits of Fort Towson - police patrol the street, fire department only 1/2 mile away, hospital about 20 miles.  1/2 mile from new 4 lane highway - highway … (0 comments)

Is there such a thing as "Expired Listings Etiquette" for other broker's expired listings? - 09:42 AM
I have been tempted to contact sellers that had their listings expire with other brokers, but have not.  Mainly because I don't want to cause any hard feelings any where or be one of what I have heard termed "vultures" circling around an expired listing.  I know that sometimes my seller doesn't repond to my communication with them in time to get their listing renewed for a week or so even though I try to get with them prior to it expiring. 
So does any one have insight or experience, or are there some rules of etiquette on how to handle … (22 comments)

Why Puget Sound is a safe place to live - 02:37 AM
I was out touring homes in my area last Friday and came across something that I want to share....
When I passed thru an innocent neighborhood, I came across this residence.  Evidently Thursday night was a really rough night for Batman and Robin.  When they came home after a hard night of crime fighting in the Seattle Metropolitan area either they were too tired to care, or in the haste of the night, their garage door opener fell to the floor and broke.  THEY FORGOT TO PUT THEIR VEHICLES AWAY IN THE GARAGE! 
Any way here's their hideout.  I cannot reveal the exact … (16 comments)

Crown Ridge - an Arlington community - 03:39 PM
Crown Ridge is one of Arlington's favorite neighborhoods.  Situated on the eastside of Highway 9 a few blocks north of WA 531.  The entrance to Crown Ridge is a covered bridge. 
 
 
 
 
 
 This neighborhood of affordable family homes features 2 story and rambler style homes.  Wide tree lined streets greet it's residents and many homes have a view of the Cascades in the near distance.  The wide streets allow for more than adequate parking for your visitors.  Several neighborhood parks are scattered throughout the development making this a very family oriented community.  School aged residents can walk to … (0 comments)

On the Radio Again - There's a Catch - 12:29 AM
Same info as last time: "Real Estate Today" The radio show runs from 11 a.m. to noon, Sundays (Pacific time) and originates from KTTH-AM 770, in Seattle.  Please call, toll-free...during that hour at 1-800-465-8770 or 1-866-606-TALK (8255). The show can be heard live on the Internet at http://www.businesstalkradio.net/
Tom Kelly asked me to do the radio program again tomorrow.  There's a catch.  Tom won't be there!  Just me and my partner in the studio pushing buttons and winging it! LOL
The producers will be in the two outside booths giving us clues and cues.  But we have NO advance training and won't … (14 comments)

HUD property info for your files - 02:05 PM
I recently signed up with www.USHUD.com/ to be an exclusive lender for several counties in the Carolinas and wanted to share some good information to you about foreclosures from their site.  Since foreclosures are becoming so prevalent in our market, we all need to know more about them.
If you have any buyers looking into buying a HUD property, ask them to call me so I can pre-approve them for you.
 Sam Thompson - PHH Mortgage Advisor
843-230-7929 
http://samthompson.phhmortgage.com/
http://www.phh-mortgages.com/
 
 
 
… (0 comments)

Home Prices Soaring - 09:58 PM
Here's an interesting article from the Wenatchee World, discussing the current Wenatchee and surrounding area real estate market.
Home prices soaringBy Christine Pratt, World staff writer
Posted May 17, 2007
http://wenworld.com/apps/pbcs.dll/article?AID=/20070517/NEWS04/705170400/0/FRONTPAGE
WENATCHEE -- Median home prices have climbed at a record rate in Chelan and Douglas counties, but the area still remains relatively affordable, except for first-time buyers, local and statewide studies show.
The median price of homes sold in the greater Wenatchee area was $229,000 in March, up 31 percent from $174,475 recorded in March 2006, according to the latest real estate Snapshot report from Pacific Appraisal Associates, a Wenatchee firm. Across the complete, two-county … (0 comments)

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