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Archives of real estate blog entries for February 1, 2009 (Page 48)
Watering Your Foundation - 10:16 AM
Watering Your Foundation Could Save You $$$$$ For some soils, especially clays and similar expansive soils, even a slight change in moisture content can lead to soil movement, which might affect your home's foundation. This is why extended periods of unusually dry weather can lead to structural movement in homes. The moisture content of the soil is changing and, as a result, the soil itself under and around your foundation changes. Soaker hoses around slab foundations can help you control these changes. Watering 10-15 minutes, once or twice a week (depending on conditions), should be sufficient . It is very important that (0 comments)
2nd Blog wasn't posted?? - 08:37 AM
Thanks to all of you for all the support. I'm really excited about this blogging thing. I wish I didn't have to leave to do some work, but I heard on t.v. this morning that it is National Fun Day at Work Day today so let's all have a happy Friday. Thanks again for the insights. It's a Good Life! Catherine I guess I didn't do something right with this note on Friday, but really want to thank everyone for all the encouragement and tips I'm still receiving. This truly will be a learning experience. I'm happy to say that buyers (0 comments)
Foreclosed Multi Family Property: Good Deal or No Deal? - 09:17 PM
The increase in multi family foreclosure activity in the current economy is leaving opportunity at various levels for the investor. Neil Victor, CCIM Senior Advisor with Sperry Van Ness Commercial Real Estate Advisors in Huntsville Alabama suggest the investor should be more cautious then was the previous norm. Many times the foreclosure process has forced the tenants to leave the property unoccupied and in need of much deferred maintenance. Specific problems related to Moisture, mold, plumbing issues and HVAC are most probably in place on the property in questions. Other problems that most likely occur will relate to Vandalism, Insect and (0 comments)
Good things to come - 02:59 AM
I am looking forward to going and meeting new people and creating new business. I have to say that is the best part in my eyes of my business, the people. I am still working out the kinks in my new direction that I am heading toward but I am confident that it will come. Many new things to look forward to and lots to do. I am excited. Here is to a great week to come and to all that reads this may your week be the best thus far. Jeremy (0 comments)
Lopatcong, New Jersey -Super Bowl Sunday - 01:21 PM
We have no open houses today due to Super Bowl tonight. Usually on Sundays, we do several open houses but not today due to the Super Bowl. We have found that most buyers are more interested in going to Super Bowl parties then purchasing homes. We are going to another agents home for a Super Bowl party tonight. We are bring homemade lasagna made from homemade pasta!!! Should be good!!! Here in Lopatcong, the people seem not to happy about this years Super Bowl. They are either diehard Giants fans or Eagles fans. We are having a heat wave though- the temp (1 comments)
Today, I'm doing and Open House... - 10:55 AM
well, two actually. The big thing on my mind is saftey. Forgive me if this topic has been recently discussed, I'm new :-) We can no longer ignore the fact that we need to step up our safety awareness. I heard a little something recently about the National Association of Realtors, I believe it was, having some kind of personal safety paging device we can wear. A transmitter of some type that plugs into a home owners phone line that we clip to ourselves much like a pager. If we are in danger, a touch of a button conacts 911. Anyone (7 comments)
Computer Error Code explained - 12:12 PM
Forwarded from a friend: I was having trouble with my computer. So I called Richard, the 11 yearold next door whose bedroom looks like Mission Control, and asked him tocome over. Richard clicked a couple of buttons and solved the problem.As he was walking away, I called after him, 'So, what was wrong? He replied, 'It was an ID ten T error.'I didn't want to appear stupid, but nonetheless inquired, 'An, IDten T error?
What's that? In case I need to fix it again.' Richard grinned. 'Haven't you ever heard of an ID ten T errorbefore?''No,' I replied.'Write it down,' he said, (10 comments)
Community & Professional Workshops Concerning Financial Crises - 10:24 AM
I continually attend training and professional network activities in order to stay current on how other professionals enhance their success. Recent events include a Project HOPE financial workshop created by a large local Church for its members and the entire community. Workshops were provided by hight level local experts in the areas of 'Legal Considerations to Money Management', 'Investments: Disaster Recovery Time', 'Money Truths to Live By', 'Insurance Truths', 'Credit', 'Debt & Dealing with Creditors' & 'Emotional Stability during Financial Crises'. The model they used is defined in --- www.Crownfinancial.org --- I believe it would be a good idea for anyone (0 comments)
Pricing a home (part 2) - 11:03 AM
Pricing a home is one of the most critical pieces of a real estate agent's success or failure. Consistently pricing homes higher than market value will leave both the agent and the client very frustrated. Consistently pricing homes below market value is a direct violation of the fiduciary responsibility (I call this the 'sacred trust') you have towards your home owner. The challenge, of course, is that determining the price of a home is not an exact science. You can't just take all of the homes in the market place, add them all together, get an average price per square foot and voila.....the exact price the home will sell for! (5 comments)
House Flipping is over, Just Hibernate in your home. - 12:28 PM
"..Flipping is out, nesting is in" An article from the Philadelphia Inquirer by AJ Heavens caught my attention while reading the Sunday paper today. Ty Pennington, host of Extreme Makeover, says that "nesting is back" and "people expect to stay for a while." Thank you TY for your insightful thoughts, now pick some couch pillows to match the frosting on your hair. I don't think nesting is by choice more like house arrest because sellers can't sell their homes. The "art of 'nesting' is back". With all the negative economic news, lay offs, and discovery of another ponzi investment fraud, (8 comments)
Help the ROOKIE BLOGGER out - 10:29 PM
Thank you to all that welcomed me and the kind words for my first blogs. I was never a writer in a school so it has finally caught up with me. Just been reading a lot of everyone elses blogs to help me discover my own style and there is so much to read but so little time. If you have a favorite blog from AR that impressed you, leave me a link to it. I would be interested to read it. Thanks ahead for your comments. (7 comments)
Avoiding Foreclosure - 08:50 AM
It's estimated that 33 million home owners are at least one month behind on their mortgage payments. If a homeowner falls behind on their mortgage payments, usually a foreclosure or short sale is coming soon. Most homeowners do not know their options in this situation. It can be very confusing, frustrating, and frightening. Often, the lender is aggressively contacting the homeowner, demanding payment and threatening legal action. WHAT IS A SHORT SALE?Some people mistakenly believe that a short sale implies that the sale will go very quickly. Ah, quite the contrary! In a short sale, the mortgage company is involved and (7 comments)
Agent's alternative business model - 05:44 PM
Office policies vary on the issue of what is expected of today's real estate agent. Some companies hire only full time agents, and many have stringent requirements in regard to floor (opportunity) time and office meetings. My point here is not about the full time agent and that relationship to the office, but rather the alternative business model that may becoming more prevalent in today's industry. It is clear that we as real estate professionals can do everything from home just as effectively as from the office. So what about the agent who wants to work strictly from home? Should an (0 comments)
Homework, you must be kidding! - 06:53 PM
Since when did I start getting homework? What is this, third grade? I can hear the grumbles and groans already. Is it too much, or too demeaning to ask agents to prepare information for a sales meeting. The onus usually falls on the office manager to generate some market statistics or sales numbers for the group to digest at the weekly office meeting. Wouldn't it be good for a new agent, and even a senior agent, to bring an item of focus to the rest of the agents? How about this for example. Monday prior to a Tuesday meeting, an email (0 comments)
New Credit Card Scam - 06:13 PM
I am always trying to help my clients, friends and family protect their credit and/or rebuild their credit. Today in my email, I received this message of a new credit card scam. Please read carefully. As I read this, I realized it is a really thought out scheme that even I might be drawn into because the thing I look for is them asking me for information they should already have. This is apparently a true and current scam. It is pretty slick since they provide YOU with all the information, except the one piece they want. Note, the callers do (2 comments)
Want to vacation year round? This is the home for you. Private, wooded double lot provides for shade & relaxation while enjoying all that nature has to offer including wildlife. The home is perfect for everyday enjoyment, vacation weekends, or Clemson football games. With 4 bedrooms and 3 baths on the main level and a large open kitchen, dining and living area, there is room for everyone. Need a private guest suite? There's a studio apartment in the basement with a full bath. You can drive right to the door! The one car garage is perfect for boat or golf (0 comments)
Supply & Demand says lower costs! - 12:44 AM
They say that there are some advantages to having a recession, so here's one you can take advantage of. Sellright Home Staging has reduced their prices. Although Staging is needed now more than ever due to more inventory for buyers to choose from, there are less homes listed than usual. Therefore Staging demand has actually declined. Sooooo, supply and demand says " reduce your price". And there you have it, Staging is less now than it was last year. Take advantage and call Sellright Home Staging today. We are very successful in assisting with getting your listing sold. Buyers that can (9 comments)
Business news of month - 02:55 AM
Eli Lilly and Company, the giant American drug company, agreed to pay nearly $1.5 billion in fines for marketing one of its medicines for uses not approved by the Food and Drug Administration, the Justice Department announced Thursday. Honda joined fellow Japanese carmaker Toyota in cutting output further on Friday, as a top European official warned some of the region’s manufacturers might not survive a “brutal” 2009 for the industry. The number of existing homes sold during November plummeted 8.6% as prices plunged by record amounts, according to a closely watched housing industry report issued Tuesday. On a Wednesday afternoon in (12 comments)
What are interest rates doing today? - 07:27 AM
If you're a home buyer or seller it is crucial you keep updated on what is happening to interest rates in this historic time. When I talk to friends and clients I suggest two sites to keep them updated. The first site shows interest rates for 30 & 15 year fixed and 5/1 and 1 year Adjustable Rate Mortgages: http://www.freddiemac.com/dlink/html/PMMS/display/PMMSOutputYr.jsp The second site is a commentary of what to regarding floating and locking of your interest rates. http://www.stonegatemtg.com/DailyRateLockAdvisory Remember your pre-approval should be free. Some lenders charge you $50 to as much as $350 for a pre-approval. When starting your search (7 comments)
First-time homebuyer credit now in the Senate - 08:03 AM
It is my understanding the Senate is working on a revision to the home buyers credit were you loan will be forgiven after 3 years. Does anyone know were I would find a link to the language. (0 comments)
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