Archives of real estate blog entries for February 1, 2010 (Page 8)

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The clock is ticked and the Home Buying Stars Are Aligned! - 01:54 PM

The saying "the stars are aligned" pretty much sums up the housing market today. Let's take a look at why buying today -- not waiting until Spring, for example -- makes sense.
The Department of Housing and Urban Development (HUD) recently made changes to the cost of getting a loan guaranteed by the Federal Housing Authority (FHA). On April 5th, 2010, the cost of required up-front mortgage insurance on FHA insured loans will be increased by one-half per cent. This could add $1,000 or more to the loan amount. Although it is usually financed in the loan, the extra cost … (0 comments)

How are YOU Handling Sellers Who Want You To Over-price Their Homes? - 10:01 AM

Via Paula Hathaway (Prudential Douglas Elliman Real Estate):
How are you handling sellers who want you to over-price their homes? It may seem that the owner who insists on a couple of hundred thousand more in their asking price should be accomodated, especially if you are not the only broker on the hunt. But pricing properties properly should be priority #1

As we all know, if a seller wants to sell their property sooner rather than later, you are really doing them no favor if you are not totally straight with them---things are not like they used to be in real estate. Most sellers have an … (1 comments)

Major Changes for FHA Condos - 10:29 AM

Via Brian Dover (Sharpe Mortgage):
As many of you may know, beginning tomorrow February 1st, 2010, the FHA "Spot Approval" Condominium process will no longer be allowed.  This will affect many buyers who are trying to purchase in condominiums that are not already FHA approved.  As long as the FHA Casefile ID is pulled prior to 2/1/2010, the loan may still close using the FHA Spot Approval process. 
Otherwise, the condominium will now have to be approved by HUD or the DELRAP (DE Lender Review & Approval Process).  This is a more thorough review, that includes either submitting a full package to … (0 comments)

Radon: Detecting and Addressing Radon Contamination in the Home - 06:28 PM
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POCONO REAL ESTATE MARKET TRENDS - GOOD NEWS FOR JANUARY - 11:24 AM
WOW! Check out the POCONO REAL ESTATE MARKET TRENDS for January in the graph below. IT IS GOOD NEWS!
The number of homes sold for 2010 compared to 2009 was down only 1%. 1%!! Do you know how long it has been since we have seen that kind of number? Especially for January.  Look at January of 2009 compared to January of 2008. The number of homes sold for that time frame was down 28%. This 1% figure I can live with and I'm sure you can too.
When you compare the average sale price we are seeing GOOD NEWS too … (1 comments)

Blackstone, Matthews NC Homes for Sale - 08:16 AM
Blackstone is a gorgeous neighborhood located in the highly popular and growing Wesley Chapel area of Union County. The Blackstone community is approximately 22 miles from uptown Charlotte and down the road from the Optimist Sports Facility. The neighborhood provides the quiet country solitude that is indicative of living in Union County where you’ll find beautiful houses, excellent schools, and low taxes.
Amenities to be found in Blackstone are swimming pool, clubhouse, tennis courts and walking trails. The community is close to shopping amenities, as well as the Wesley Chapel town center. Harris Teeter, Target, Walgreens, Blockbuster are the shops … (0 comments)

Matthews NC Homes for Sale in Shannamara - 09:23 AM
Shannamara is a large neighborhood of approximately 700 homes located off of the Lawyers Rd exit of I-485 in Matthews. The housing component of the development is part of the Divide Golf Club and is a beautiful, well maintained community. The neighborhood has been around for over ten years and is loaded with amenities and fun family activities. The neighborhood lies just across the county line in Union County, but a small part of the neighborhood bordering I-485 lies within Mecklenburg County. The legal address for the neighborhood is Matthews. The Divide Golf Course is one of the finest golf course … (1 comments)

Are you a team player or an adversary? - 01:11 PM

By Todd Clark (Broker/Sales Coach) 503-524-9494

One thing I’ve seen throughout my career in real estate is buyers agents and sellers agents fall in to two types of agents, those who want to work together to help the buyer and seller come to an agreement and those who want to make the transaction as difficult as possible and make everyone happy when the deal is over. (Only because no one wants to talk to them again)

Ask around, talk to other agents. Any agent that has been in the business awhile has a list of agents that they … (15 comments)

Monday Afternoon Mountain Real Estate Market Report ~ Feb 1 2010 - 05:12 PM
Frames not supported Frames not supported Frames not supported Frames not supported … (2 comments)

Country Living at it's Finest in Boiling Springs, SC - 08:13 PM
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Atlanta Condos Prices December Trends - Prices Still Declining! - 09:20 AM
The average sale price for single family attached in December 2009 was $155,819. This sales price was a full 7.9% below December 2008 even thought there were more sales this year over last year.  This period marked a 25th consecutive year-to-year monthly decline in price. The last time the average sales price for a detached home was below $160M before 2009 was February 2001.  I created a 6 year price trend chart for attached single family homes to show you what is occurring in Atlanta.
***These sales numbers are not for the City of Atlanta, but rather represent the Allanta Metro areas coverage of our … (10 comments)

Raleigh/Triangle NC Monday Real Estate Report - 09:09 AM
                                                                              

Monday Real Estate Report
Last week in Triangle Real Estate
 
Legend:
ASP = Average Sales Price
ADOM = Average Days on Market
ASF = Average Square Footage
Triangle = Entire MLS Area
 
  
Jim O'Donnell
Keller Williams Realty
Cary Market Center
919-882-3273
www.jimsellsthetriangle.com
… (0 comments)

How Many Times A Day, Week Do You Shoot Yourself In The Foot Without Knowing It? - 01:17 PM
     People are creatures of routines, habits, day to day ritual. A real estate broker can get in to the same REALTOR rut.  And so can insurance agents, lawyers, etc involved in the real estate sale process. Had a store we were selling needing insurance coverage. And when I mentioned it to an agent I bumped in to, his first reaction was "Oh that buyer will probably go with so and so for coverage". Gave up and without even a phone call. First reaction was don't bother and a failure prediction.  Why raise the white flag and surrender so easy? What if … (21 comments)

Buyer For Maine Property From Hawaii Saw The Video, Feels Like He's "Beamed Over & Back". - 03:58 PM
You realize the real estate market you used to fish with minnows in a local pond has grown. Now you need to use bigger bait for catching tuna, larger varieties. Be a shark and use real estate video to help that buyer several time zones away "see" the property, the area when they are on line. Maybe in the middle of the night where you practice real estate. Think of them just getting home from work, firing up their laptop to surf, to learn more about you, the area you serve and the bait..your property listings.
Stock the shelves with video. … (0 comments)

Housing Market is Improving! - 03:25 PM
Last week began with December Existing Home Sales dropping 16.7%. Some observers felt this was the result of uncertainty over the homebuyer tax credit, scheduled to expire at the end of November. The tax credit was, as we now know, extended into this year, but it wasn't announced soon enough to help December sales. Nonetheless, Existing Home Sales are UP 15.0% over a year ago. And the median price of an existing home is now $178,300, UP 1.5% over a year ago and the best year-over-year comp since 2006. Finally, inventories are now down to 3.29 million, their lowest reading since March … (0 comments)

January 2010 Market Report Eagle Eye on the Carolinas! - 02:26 PM
For a Full Copy of the newsletter Click on the link below:
http://tinyurl.com/yb2otfv
Jan MARKET WATCH 2010
Jan Active/Pending ListingsHomes: 956 listingsAvg Price: $306,339Condo/Townhome: 785Avg Price: $193,698Land: 373Avg Price: $241,947Commercial: 64Avg Price: $395,509
Jan SOLD ListingsHomes: 173Avg. Price: $208,767Condo/Townhome: 164Avg. Price: $170,171Land: 45Avg. Price: $101,186Commercial: 4Avg. Price: $760,362
" 2010 Inventory Takes Off, Inventory Right For Buyers Market, and Feb 2010 Pendings on the Rise ...New Tax Credit Advantages For All Extended, Don't wait!!!"
Data Above Is A Representation of New Lisitngs and Sold Listings for the Month of January Only
For a Full Copy of the newsletter Click on the … (0 comments)

San Ramon, CA Magnificant Single Story Perfect for Entertaining! - 09:54 AM
This exceptional home with spectacular views boasts over 3,000 sq ft all on one level. Vaulted ceilings, a hearth room, a retreat in the master bedroom, updated kitchen and master bath make  this home magnificant.
Contact Dick Vesperman for a private tour or information.
4064 Marblehead Drive,San Ramon
 
 

 

 


Cathy Lee is owner of C.L. Design Services in Danville serving the San Francisco Bay Area. We strive to keep our clients, Realtors and many prospective home buyer's best interest in mind with ever staging. Contact Cathy Lee  today for a complimentary quote today at … (1 comments)

The Only Useful Feedback: Sellers want to know - Tell them! - 08:10 AM
People come, people go. When you place your home on the market and  ee folks coming to check it out, you are happy.  In the words of Ren and Stimpy (old cartoon characters) you experience "joooooy!" Some stay 5 minutes, some twenty minutes. When they all leave you wonder what they thought.
Thus your real estate agent asks for feedback. She (or he) may get a response about 25% of the time (my experience).
Sometimes it is verbal. Sometimes it is written. Sometimes it is useful. Sometimes it is fluff. Sometimes it is so generic it could have been sent … (14 comments)

Home For Sale In North Royalton, Ohio-Liv In The Park-FHA Approved - 05:48 PM
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ARE YOU PLAYING TO YOUR STRENGTHS? YOUR SUCCESS AS A REAL ESTATE AGENT MAY DEPEND ON IT... - 09:47 AM
When I first became a real estate agent, my broker was a guy that could sell ice to Eskimos... 
He was high energy.  Always running around the office from appointment to appointment.  He had built his business by door knocking, cold calling, and asking for referrals.  The ABC's (always be closing) of real estate sales...
He encouraged me to take a class by legendary real estate coach Floyd Wickman.  A good class.  Old school.  I learned a lot...
But I also learned this wasn't the way I dreamed of building my business.
My broker became frustrated with me.  He saw talent.  He knew I had … (16 comments)

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