Archives of real estate blog entries for September 9, 2007 (Page 4)

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Realtor Farming Techniques.....the way it works - 06:12 PM

I spend most of my time as a Realtor® farming different neighborhoods for business. Taking listings in todays Real Estate market can be challenging. With over 35,000 homes for sale in Broward County Florida....there is an abundance of properties just sitting on the market for longer periods of time. It is a big difference from 3 years ago when there was less for sale and more buyers willing to purchase their dream home. But I still believe that if you can take as many quality listings as you can then you will have enough inventory to sell and that will eventually translate into instant … (117 comments)

Baby Boomers Have Specialized Housing Demands - 01:20 AM
The huge baby boomer generation seems to prefer new housing in restricted developments for the 55 and older crowds.
According to the National Association of Home Builders, NAHB, these communities are seemingly getting faster approval from local building departments than others as they require less infrastructure for school children and bring in the same or even higher taxes.
There is significant room for developers to increase the number of these seniors community subdivisions as the total current supply is only about one million homes.  The number of Americans who are 55 and older is expected to climb to 85.6 million or 26.3% of … (11 comments)

Are Your Buyers Being Barragged with Loan Offers? Give them some advice. - 10:58 PM
Many would be home owners have been complaining that they are being barraged with loan offers after having been recently approved from their lenders of choice.
The Buyers are likely targets of what is called Trigger Lists.
Trigger lists are generated when a lender runs the buyers credit through the major consumer reporting companies. The list of buyers fitting certain FIFO score profiles are being generated and sold to other companies that wish to purchase the prescreened applicant lists.
Prescreening is a process where the creditor  establishes a particular criteria , like a minimum credit score and procures a list from the consumer reporting company of those individuals that … (22 comments)

Actualización Semanal De la Hipoteca De Wilshire - De Sept. El 10 - 07:46 PM
Recapitulemos: La hipoteca de tarifa fija 30-Year hizo un promedio de 6.46%, encima a partir del 6.45% la semana pasada. La hipoteca de tarifa fija 15-Year hizo un promedio de 6.15%, encima a partir del 6.12% la semana pasada. El BRAZO 1-Year hizo un promedio de 5.74%, abajo a partir del 5.84% la semana pasada. Rosa de las tarifas esta semana sin embargo solamente levemente. Los datos económicos mezclados la semana pasada demostraron aumentos leves que esperados. Por ejemplo, los precios de casa nacionales crecieron por el 1% en el segundo trimestre. ¡Ése es el aumento más lento del crecimiento desde … (0 comments)

Wilshire Weekly Mortgage Update - Sept. 10th - 07:47 PM
Let's Recap: The 30-Year Fixed Rate Mortgage averaged 6.46%, up from 6.45% last week. The 15-Year Fixed Rate Mortgage averaged 6.15%, up from 6.12% last week. The 1-Year ARM averaged 5.74%, down from 5.84% last week. Rates rose this week however only slightly. Mixed economic data last week showed slight increases than expected. For example, national house prices grew by .1% in the second quarter. That's the slowest growth increase since the fourth quarter in 1994! The Fed Funds Rate:The next Federal Open Market Committee (FOMC) is scheduled for this September 18th at which point the Fed is expected to cut … (2 comments)

Actualización Semanal De la Hipoteca De Wilshire - De Sept. El 4 - 08:00 PM
Recapitulemos: La hipoteca de tarifa fija 30-year hizo un promedio de 6.45%, abajo a partir del 6.52% la semana pasada. La hipoteca de tarifa fija 15-year hizo un promedio de 6.12%, abajo a partir del 6.18% la semana pasada. El BRAZO de un añ0 hizo un promedio de 5.84%, encima a partir del 5.60% la semana pasada.
Debilidad continuada del mercado de cubierta juntada con la confianza de consumidor que declina atribuida a la declinación de esta semana en tipos de interés. La Tarifa De Fondos Del Fed: El comité federal siguiente del mercado abierto (FOMC) programar para este de … (0 comments)

Purchasing a Vacation Home: What you should know first! - 03:56 PM
If you are looking to purchase a vacation home that could be used as a short term rental near Disney you have a wide variety of communities to choose from.  Before you choose a community you must choose the city and county in which you want to purchase.  If you want to be as close as possible to Disney then you would want to buy in Kissimmee (Osceola County). 
Most vacation homes in Kissimmee are about 3 to 5 miles to the entrance of Disney theme parks, in comparison with Davenport (Polk County) and Clermont (Lake County) which are about 8 … (2 comments)

Vacation Homes / Short Term Rentals in Davenport, FL - 04:17 PM
Looking for a vacation home near Disney World; with a pool, a spa, game room, and the peace and quiet of a country setting?  Then you are looking for a vacation home in Davenport, FL.
The area of Davenport Fl, which is closest to Walt Disney World, is part of what is also known as the Four Corners area. The Four Corners area is where all 4 cities that surround Disney, Clermont, Orlando, Davenport, and Kissimmee, meet.  Out of these 4 areas, Davenport is the one where you can find the most vacation homes communities, brand new, resale, or preconstruction.
In Davenport … (3 comments)

Conneticut Home Mortgages - Benchmark Mortgage - Leo Namiot - 02:13 PM
" These are dynamic times in our biz and you need certainty. With so many lenders closing shop over the past few months and the largest of lenders treading water and uncertain of their future, it gives me great pleasure to offer my services. 
I am positioned as an adviser in this market and can give you and your clients certainty and deliver consistency since I am a mortgage banker and mortgage broker, this allows me provide the best of both worlds." This is a great advantage over dealing with someone who is just a broker or someone who is just a banker, we have … (0 comments)

Investors: Take The Time To Involve Your Kids In Your Business.... - 07:45 AM
I was just thinking about a conversation I had with my 20 year old daughter. We recently moved her back to college, into an off campus apartment and she was telling me about the little maintenance issues she was having. I told her she should call the management and have them fix the items. Her response was, "oh Mom, I took the phillips screwdriver and ......."
At first I was amazed then thought, well why shouldn't she take care of it? She's been following us around since she was a little kid helping with rental properties. She learned how to replace the … (7 comments)

Wholesaling Real Estate: I love this Real Estate Investing Market - 01:13 PM
It is unbelievable to me that when our market was going decent, I could not find enough rental properties to come close to keeping up with buyer demand.  These buyers were buying for long term holding, and 2nd cash flow.  Now their are no buyers and spectacular deals.  My question is Why buy when the markets High?  I ask alot of my old customers why they are not buying?  There usually reply is "We are waiting till the market straightens out" 
That makes alot of sense when you look at it.  Wait until prices go way up, along with interest rates, then … (0 comments)

Cash Buyer - 07:34 AM
   A few months ago, I referred a cash buyer to an agent in NH. He was ready, willing and able.   His needs were fairly basic. It had to be in the Lakes Region, it had to have a lower level master bedroom, and woodwork was a plus. A view would be nice, water would be nice but mountains or trees are fine too.  It needs to be around 1000 sq/ft.  No condos.  He has spent three months searching.  With no results.  He did find "the one" however by the time it was put on MLS the very first day, he was … (13 comments)

Make Money with Referrals and Outlook! - 04:50 PM
In this buyer's market, I've found that referrals are a great way to make extra income!  I spread the word to my data base that if they know of anyone moving out of state I can research a top producing Realtor anywhere in the USA!
When I get a lead, here's how Outlook helps:
I right click on contacts and create a contact folder for Referral Agents and another for Referral Buyers.  
I put all of the contact information I have in each of the appropriate folder and save.  Then, on the Referral Agent Contact information I click contact at the bottom of the screen and cross … (4 comments)

McCormick Parkway - Prettiest Road in Scottsdale? - 06:41 PM
McCormick Ranch Parkway is one mile long, running only between Scottdale and Hayden Road at the south west entrance into the McCormick Ranch community. Someone told me they thought it was the prettiest road in Scottsdale. It's easy to see why, with the lakes, golf course and mountain views. This 15 second clip shows just a few of the scenic views along the way.
… (9 comments)

Florida Properties 70% LTV or less direct from builder/developers - 08:19 AM
I hope this is the correct forum to post this, if it is not then my apologies. Nonetheless, I have several dozen properties all driect from the builder/developer for 70% LTV or less. Some of these are SFH's and some are condos. Some are Oceanfront, ALL are brand new. Jacksonville, St. Augustine, Naples are some of the cities these are in. Please drop me a line if you have ANY questions whatsoever about these properties. Prices range from $140's to over a Million. Thank you and I ask that all of you have a wonderful day.
Jon
… (0 comments)

Florida Properties 70% LTV or less direct from builder/developers - 08:32 AM
I have several dozen properties here in Florida that are all 70% LTV or less. These are direct from the builder/developer. Properties range from $140's to over a Million. SFH's and condos, some Oceanfront. If you have any questions at all please feel free to contact me. My company also has REO packages as well. Thank you in advance.
Jon
… (0 comments)

Florida Properties 70% LTV or less direct from builder/developers - 08:50 AM
I currently have several dozen properties direct from the builder/developer all at 70% LTV or less. Prices range from $140's to over a Million. SFH's and condos. Some are Oceanfront, but ALL are brand new. If you have any questions at all please contact me. Thank you in advance.
Jon
… (0 comments)

I Just Had to Tell Someone - 12:09 AM
I have a little announcement to make. Tonight at 9:18 PM Eastern Standard Time I received an email which read,
"You've received a contact message from your Contact Form on the ActiveRain Network"
Yep, that's right...I just got my very first lead from ActiveRain! And it looks like it might even be a live one.
I'm so grateful to have found this amazing group of talented teachers, writers, tech wizards, counselors,
and so much more.  Good Night!
… (31 comments)

DO YOU TELL YOUR BUYERS THAT THE HOME IS STAGED OR NOT? - 07:27 PM
As a professional Home Stager, I am curious to know if Realtors showing a home will tell the prospective buyers that the home has been staged. There seems to be two different schools of thought on the subject. Does anyone have any feedback?
I am a professional home stager based in Freetown, Massachusetts. I service Lakeville, Middleboro, Raynham,Berkley, Dighton, Somerset, and Fall River. www.noellashomestaging.com
… (10 comments)

CT Mystery Bus Trip for Clients! - 12:12 PM
Has anyone done this before?  I am excited to be planning a trip for my A+ Clients this fall. My Coaching Company suggests three of these client gatherings a year.  So, here I go! One of my clients works at a Limo Service and she is setting up the plans and trip, along with a party bus!  I only need to provide the list of folks who will attend the event.  The refreshments will be included with the party bus.  I am not sure if we should do a day of shopping at the beach, shopping at the outlets, day at the spa, or to … (1 comments)

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