Archives of real estate blog entries for September 28, 2008 (Page 1)

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What do Economists Think of The Proposed Bailout? - 01:57 PM
One of the most troubling aspects of the debate going on through the weekend over the proposed bailout bill is not a single independent economist or financial expert has been brought into testify in front of Congress or The Senate.  True, they brought in Warren Buffet to testify the financial system was going to collapse without it to their closed door meeting last night.  I would argue he's far from independent given he just invested $5B in Goldman Sachs last week (why would he do this is the system was in threat of imminent collapse?), has written nearly $5B in credit … (7 comments)

Someone in Congress is Pissed and Taking a Stand - 02:15 PM
Probably the most vocal and influential critic of the bailout plan being debated this weekend has been Rep. McCotter of Michigan. Great interview/rant...
"Let me put this in the simplistic terms for people like me to understand. Now the Wall-Street crony capitalist have put a 700-pound billion dollar bag of dung on taxpayers doorsteps, rung the bell, and expect you to thank them when you answer it. I think the American people will think otherwise. "

… (14 comments)

The WaMu Seizure and Capital Market Consequences - 05:01 PM
Outside of the bailout bill currently under debate probably the biggest news last week was the failure of the largest thrift in our nation, Seattle based Washington Mutual.  On Thursday, the FDIC took the step of seizing WaMu due to them being vastly under-capitalized.  The deposits and some other assets were firesaled to JP Morgan for $1.9B, depositors were protected while both stock and bond holders were declared wiped out. This represents a marked difference from how previous bank failures have been handled by the FDIC, a change to the game plan if you will.  Not withstanding he potential sweet deal … (6 comments)

Sunday Bailout Update - Pretty Much a Done Deal - 10:48 PM
The last remaining significant resistance in Congress and the Senate has appears to have crumbled tonight and party leaders announced that they believe that the bailout is a done deal with voting in the house starting tomorrow.  At 9:00 EST the Treasury department held a conference call with primary dealers to fill them in on the details and discuss implementation of the plan.  According to reports from someone present on the call the treasury was very pleased with the final bill in that they got their money, with no real checks on their control and only token oversight.  It was admitted … (19 comments)

What does it mean when Somebody Else's "For Sale" sign comes up across the street from your house? - 03:22 PM

 
It could mean that you haven't prospected your neighbors enough.  It could mean that the sellers have previous agents they are loyal to. 
It could mean that you should go across the street and meet the agents!  This could be very profitable because you may wish to hold an open house for them--particularly in this case since the agents listing the home live over 40 miles away!
And, if they are pretty successful agents--you may wish to invite them to join Active Rain!
 
 
 
Wallingford, Green Lake, Fremont, Ballard, Queen Anne, Magnolia, Laurelhurst, View Ridge, and Windermere, … (0 comments)

Thinking of Buying a Co-op or Condo? Get a look at their Board Meeting Minutes ASAP! - 03:43 PM

It is a very good idea to look at the co-op or condo board meeting minutes as soon as you are thinking you maybe interested in a property.  That way, you can find out what the association is looking at in the way of repairs which could mean some very expensive special assessments.  You can also see how the reserves look and how well run the association is run.
For you Listing Agents, I would suggest you get the bi-laws, and board minutes scanned so that you can send them out as soon as someone shows an interest in the … (3 comments)

Panama City Beach - Businesses for sale - 04:46 PM
So you want to buy a business… as featured in Invest Magazine  Perhaps more in today’s economy more so then ever before, people are looking to become business owners and work for themselves. 
This is no surprise because there is a great level personal satisfaction that comes with owning a successful business.  However, there is also quiet a bit of work, long hours and levels of expertise that are required to make the business successful.
There are many ways and categories of buying a small business such as; purchasing a franchise, purchasing a successful, existing business or financing a startup.
… (2 comments)

Fall at it's best in Hollis, New Hamsphire - 2008 Beaver Brook Fall Festival - 08:18 PM
… (1 comments)

Amherst New Hampshire - 02:22 PM
 
WELCOME TO AMHERST NEW HAMPSHIRE      
One of my favorite towns is Amherst, New Hampshire.  Amherst is  located approximately 10 miles west of Nashua, New Hampshire and as of the 2006 census had approximately 11,566 residents.
         Amherst is a small New England town with a quaint historic district.
      Many historic buildings are well preserved in the center of town and they exemplify late 18th and early 19th century architure.
          
      Amherst  was chartered in 1728 as Narragansett No. 3 and it later was called Souhegan No. 3.   In January 1760, it was chartered as Amherst and named … (0 comments)

Welcome - To Amherst New Hampshire - 04:09 PM
 
 
   WELCOME TO AMHERST NEW HAMPSHIRE    You are invited to attend the Amherst Area Newcomers' Club open house.
    When:    Wednesday, September 30, 2008
    Where:   Amherst Fire Station - Community Rm.  177 Amherst Street
    Time:     7:00 p.m. to 9:00 p.m.
   The Amherst Area Newcomer's Group serves women from Amherst, Milford, Mont Vernon and surrounding areas.  Meetings and activities are scheduled from time to time.
    You can find out more at the Amherst Area Newcomer's website.  Membership is $20.00 annually.
    Newcomers and those seeking an outlet for sharing and fun are welcome to join.
… (24 comments)

Orange County Short Sale and REO property deceptive advertising? - 01:58 AM
Why is that some agents advertising Orange County, Ca Short Sale and REO listings feel they can advertise by almost any means possible even though some of it could be perceived as deceptive advertising? Have some agents come to the point that they are doing so little business that they need to take the "low road" and justify bending the rules, yet think they are ethical in doing so? Maybe I am naive in thinking that things should be done so as to reflect a professional image to your client and peers. Here are some of the things I have seen in the last couple of weeks that caught my attention:
… (2 comments)

My salute to Bucs' kicker, Matt Bryant - 11:41 PM
As with every home game for the Tampa Bay Buccaneers, I was in my seat today. And today was a good day as I watched Pack QB, Aaron Rodgers exposed for the rookie he truly is even though he is in his fourth year.
The Bucs won, but that was almost the side plot today because we had Matt Bryant.
If you are not yet a parent I really don't think you can truly understand what happened. I don't mean that to be rude, but I don't think non parents even understand what the word "worry" truly means.
You see on Wednesday … (19 comments)

Waiting for rent checks...AAARRRGGGHHHH! - 08:46 AM
 I have several agents that handle rentals just to survive in this market, and I am amazed at how long these rent checks are taking the other local brokers to process.  I have an agent that closed a deal 5 weeks ago and has yet to recieve her part of the rental commission!   It seems the bigger franchises are the worse! 
Five weeks???  Come on Brokers! 
GET A CLUE..LET ME TELL YOU HOW TO HELP YOUR AGENTS GET PAID IN 2 DAYS!
Have the Lessee write a certified check for the deposit and the rent check.. It is that easy!  … (0 comments)

September 2008 Real Estate Articles by Buffalo Homes - 05:05 PM
Buyer Articles
Buffalo Home For Sale - 678 Minnesota Avenue Buffalo NY 14215 $59,000   North Tonawanda Home for Sale: 491 Walk Road $112,000  Is it time to lock your Buffalo Mortgage Rate? Buffalo Real Estate News for Home Buyers Easy steps to save for the down payment for your new home! Seller Articles
Fall Home Staging Tips for your WNY Home!  How Buffalonians can invest like Warren Buffet!  Before you consider being your own Real Estate Agent, consider these questions! Community Articles
Good Morning Niagara Falls! Photos from this morning's Live Broadcast of Good Morning America!  On 9/11 Remember your local … (1 comments)

Show Time One Hour! "See" You in the Studio Sunday September 28th, - 09:50 AM
Margaret Rome Live Radio Sunday 12noon-- All ABOUT REAL ESTATE (edit/delete)


… (8 comments)

TLW Is Coming Home!! - 05:36 PM
OK...so tomorrow is the big day! After 25 days and 2 major surgeries.....TLW is coming home to ROAR!! She was feeling pretty good today and made this little video for you. I hope you enjoy it!!
ROAR!!Productions ***No husbands were harmed in the making of this video***
The Video is the property of ROAR! Productions. Hands off or TLW will shoot you.
… (136 comments)

The Historic Community of Gruene, Texas - 07:01 AM
The historic community of Gruene, Texas was founded by German immigrants Ernst and Antoinette Gruene in 1849. The Gruene family, including their two sons had immigrated to New Braunfels in 1845, but land was scarce, so Ernst Gruene moved his family down the river and built them a home in the German style of fach werk, and the city of Gruene got its start.
The Gruene family planted cotton on their land, and a few years later, twenty to thirty more families arrived in Gruene, to help farm the fields and build homes for their families. The settlers built homes … (0 comments)

Mortgage Interest Rates Move Up After Historic Fall - 07:08 AM
For the two weeks after the government takeover of Freddie Mac and Fannie Mae we saw a historic drop in mortgage interest rates. In fact it was the largest two week drop since 1995. This was after rates had been gradually falling for the previous two months on rumors of the takeover. After the large drop, this week we saw rates increase pretty much across the board. Most fixed mortgage products did not see rates increase to the rates we saw two weeks ago; nonetheless the increases were pretty substantial. For instance, the 30 Year Rate was 6.35 on September 4, … (2 comments)

Halloween Events in Austin - 07:29 AM
Halloween in Austin, Texas is one of the most popular nights of the year for revelers in the downtown area, especially 6th Street. Every year, throngs of people, old and young alike, dress up in their scariest, wackiest, or most unusual costumes, some home-made, some from expensive costume shops, and parade down 6th Street, enjoying the party atmosphere.
6th Street promises a wild night for those who attend, and there is usually a great deal of consumption of alcoholic beverages and subsequent inebriation. Most people claim to have a great time, even though there are the usual numerous arrests of … (0 comments)

Budget-Friendly Wedding Planning Tips - 07:37 AM
Every year, people spend tens of thousands of dollars on a single day the wedding day. From outrageous venues to opulent gowns, to gourmet food and free-flowing champagne, the average wedding costs anywhere between $10,000 and $20,000, if not much, much more. But for many couples, the events of the day are far less valuable than the end result being legally married to the love of their lives. While outlandishly expensive weddings seem to be the norm, in reality, getting married on a reasonable budget is by no means impossible. Follow these simple tips to get you started on your way … (2 comments)

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