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Archives of real estate blog entries for June 19, 2008 (Page 2)
Who's ahead at the end of the year? the renter or the buyer? - 02:40 PM
Renter, paying $3000/mo. OR Purchaser of a $500,000 condo with $8000/yr. in taxes and $500/mo. Maintenance. (assuming a $450,000 mortgage w/ a 30-year fixed rate mortgage @6.5%, which comes out to a monthly payment of $4,011) Okay, this was probably a no-brainer. (I'm a real estate agent...) The purchaser spends less. But how much less? Less than $1000 $1000-2000 $2000-3000 Over $3000? The answer is over $3000. ($3,328.09) The difference is due to your Federal income tax payment. If you earn over $78,850 (single) you are in AT LEAST the 28% tax bracket. (A dollar earned puts 72 cents in your (0 comments)
Does anyone want a brownie? Good luck with that!!! - 04:04 PM
OK, this is another mindless post. It's actually a "Friday funny" posted on Thursday because.......well because I felt like it. I'm not sure what has gotten into TLW lately, but today, as I was sitting in my office working blogging, the arousing aroma of chocolate baking came pouring in. So, I just had to get up to see what was going on. Anyway.......here's what I found. Online Videos by Veoh.com As you can see, I now have a desire that has not been satisfied. So, please...... someone, send me some brownies.....the real ones. Because TLW's sucked!!! The video is the property of ROAR! (75 comments)
The annual Honda Hoot is underway. the Hoot is an annual party for motorcycle enthusiasts from all over. However lest that many bikers in one place conjure up visions of Hell's Angels, wheelies, and reckless driving you need to take another look. The Honda Hoot crowd is more the "born to be mild" set. Their first event of the Hoot last night was an ice cream social instead of a beer bust. This year's Hoot is from June 18 through the 21st (9 comments)
How to Analyze and Value Income Properties - Presentation Highlights - 03:39 PM
Neil Osborne, presented his overview, "How to Analyze and Value Income Properties" at the NAR Commercial Alliance's Online Convention. It covers basic financial measures used to determine the value on an income property and gain an understanding of income multipliers, capitalization rates and other analytical tools used when considering purchase of income properties. Some Highlights of Presentation: Gross Rent/Income Multiplier, comes from identifying comparable sales, then dividing comparables' sale price by the gross annual income (rent). This is a simplistic approach which ignores operating expenses, finances and capital appreciation. It is best used for smaller properties where operating expenses are not known or verifiable. Cap (0 comments)
New Jersey Motorsports Park's Thunderbolt Raceway Opening Summer 2008 - 05:15 PM
For all you car racing fans in the Delaware Valley and Mid-Atlantic area, the New Jersey Motorsports Park (NJMP) is preparing for the start of events at their nearly completed Thunderbolt Raceway. Located near the City of Millville in Cumberland County, NJ, it is over "700 acres conveniently, situated in the heart of the Mid-Atlantic Region, within easy driving distance from New York City, Philadelphia, PA, and Washington, DC., New Jersey Motorsports Park will be one of the most unique and dynamic Motorsports Parks in the country. This world-class complex will not only feature the 2.25 mile signature Thunderbolt Raceway, but (1 comments)
We always say that my husband could strike up a conversation with the Boogey Man. He can go to the store, the gas station,the restaurant, the bar, the mall, the dentist's office, for a walk... and come home with a story about the people he met. I am not sure what the Boogey Man looks like...I could have described him better as a child..he used to live under my bed. Now....I am not as sure...he is just a stranger...any stranger. The phone rang yesterday....it was a voice I did not recognize and he cheerfully described (1 comments)
Apple Valley Lake Resort Home (SOLD) - 12:53 PM
Sam Miller RE/MAX Stars Realty 710 South Main Street Mount Vernon, OH 43050 (740) 397-7800 Sam@sammiller.com http://www.applevalleyohio.com (2 comments)
Be the first to live in this newly constructed ranch home Situated on 3.424 country acres and just minutes from Kenyon Spacious floorplan that features 5 bedrooms and 3 full baths Vaulted ceiling great room that includes a living & dining area Beautiful oak cabinet filled kitchen with plenty of counter space Private master bedroom suite with private bath and walk in closet Convenient first floor laundry room & attached (1 comments)
Virginia Beach #2 For Raising Families - 06:36 AM
It is no surprise to those of us who live here, that Virginia Beach is a great place to raise a family. Best Life Magazine agrees, ranking Virginia Beach #2 in its Best Place to Raise A Family survey. Honolulu, HI took #1 place honors, while Clarksville, TN came in last. The survey considered schools with favorable student-teacher ratios, above-average test scores, and respectable budgets. Also looked at were the number of museums and parks, commute times, housing costs and number of divorced families. Data from the U.S. Census Bureau, National Center for Education Statistics, FBI, American Association of Museums, National (0 comments)
Whats the Appropiate Comission Split Between Agents - 11:59 PM
Often when we need the assistance of another agent its when we refer a client out of an area we know or are licensed to sell in. Seems the standard referral fee back is 25%. What about when you can not continue a transaction you started (vacation plans or family emergencies, etc). Whats the appropiate split then? Here is how I see the comission split based on the closing process. 25% if give client to another agent 20% if you showed the buyers around and educated them on the market and inventory 35% if your the agent that wrote an accepted (12 comments)
Another Horst & Son Feature home has SOLD! This 4bed/3bath home backs to agricultural preserve and has a kitchen to die for. In a day in age when lot sizes are slowly shrinking, talk of high density housing and farm preservation is on the the forefront, Parkfield seems to defy the norm. Lot sizes range from 1/3 acre to over 3/4 acre with many backing to incredible views of preserved farmland. In a matter of 8 months we have put 11 homes under agreement at Parkfield. This brings our total lot count down to 65 remaining for phase 2. I'm somewhat suprised with (0 comments)
Gorgeous home on a wonderful wooded .65 acre lot backing to parkland with landscaped and fenced in yard. Beautiful open floor plan with many upgrades including an expansion on family room and a large sunroom addition, a wonderful finished lower level with full bath, and a beautiful spacious master suite with large soaking tub. This home has hardwood throughout 2-story foyer, main level half bath, kitchen, and sunroom. Backyard has a wonderful large deck with walk down stairs to patio below all facing trees and parkland. Home is located in a wonderful and peaceful neighborhood with a pool, multiple tot (0 comments)
21023 Timber Ridge Terrace, Suite #101 Ashburn, Virginia 20147 - 03:00 PM
This first floor condo is peacefully located within in a quiet setting with a large patio facing a common area and a pool. This sun-filled unit is move-in ready with great features such as its own washer and dryer, tile floors in kitchen and bath, and spotless carpets throughout. Great unit, great location, great price! Make this wonderful condo your home today!
Lower than expected manufacturing report pushed bond prices lower today. Oil: $131.93/barrel Dow: +54.22 to 12,083.28 10 yr. Yield: +0.080 to 4.21%
Conforming loans 6.125% @ 1.875 points Investor Loans (w/20% Down) 6.500% @ 2.000 points Jumbo loans $625,501 - $1,000,000 6.375% @ 2.125 points Jumbo loans over $1,000,000-$2,000,000 6.625% @ 2.125 points *Certain restrictions apply. Not valid with any other offer. This offer may be revoked without prior notice. For Jumbo Loans, borrower must agree to have new mortgage payments automatically deducted from a Central Pacific Bank deposit account. Call for more details. Respectfully, (0 comments)
Media Throws Realtors Under The Bus.....Again - 10:01 PM
This article appeared in our local paper's Sun Edition: http://www.jacksonville.com/tu-online/stories/061508/rer_290446807.shtml It seems harmless at first, starting out by stating YES! you need a Broker when selling/buying a home. That a real estate agent will save you money and brings valuable knowledge to the table. THEN THIS (in the paragrpah on how to choose an agent): "Flexibility: As mentioned, involving an agent will mean you'll have to pay a commission. A commission should always be flexible. A fixed commission isn't legal, so if the agent says all homes sold net a 5 percent commission, then tell him or her you know otherwise, and (5 comments)
New Home Construction for your clients - 04:04 PM
I was recently surprised at how many agents were not familiar with a product called Tech Shield. It is a radiant barrier best installed when a home is being built. The cost for an average home is around $300-$500 dollars. It blocks 97% of the heat coming into a home. Savings are usually 17-20% per month on heating and cooling bills. Not only are we doing a great service to our clients, we are saving resources. I personally feel that every home built today should automatically have it. I am surprised at how many "green builders" don't use it. It pays for (3 comments)
Cedar City Real Estate - 05:31 PM
I just wanted to make a quick post about the current market. I am writing this on June 19th, 2008 so you have a referance as to when this was written. Currently our market is what I would call soft. Homes under $200,000 are still selling within 30-60 days but homes over $300,000 are up to around 90-120 days and usually sellers are offering some sort of concession such as paying buyers closing costs, paying upgrades or discounting the price by as much as 15%. Homes in the $200,000 to $300,000 range are sort of in the middle of the two (0 comments)
Everything but the kitchen sink...literally! - 06:42 PM
Tonight I showed a home with no first floor bathroom...an otherwise perfect home for my buyers. A darling little brick cape, manicured lawn, finished basement, perfectly staged, great location, excellent price and clean as a whistle! It was like being in a funhouse - we loved everything, and suddenly my client said, "Wait - where's the bathroom?" The house does have two bathrooms - one up and one in the basement...it appears that maybe they expanded the kitchen by removing the bathroom on the main level. This nixed the house for them. I told them it reminded me of the house I (6 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.