Archives of real estate blog entries for July 16, 2010

Featured blog posts


My house holds a Secret! Does Yours? - 09:20 PM
If someone in Real Estate tells you a home holds a secret, you probably think of undesirable information; is it haunted? Are there leaks? Have termites eaten through the framework? You might also consider if there are family mysteries or confidentialities of past and present owners. But today’s Real Estate market gives much more meaning to a home’s secret than that.
            In the 16th century, kings had secret doors leading to their lovers. In the early 19th century, slaves hid in houses with secret passages (known as the Underground Railroad). Mystery movies featured hidden rooms, and the wealthy always had safes hidden behind picture frames embedded in walls.
            Today, the age … (42 comments)

Real Estate Agents Are Not Just Door Openers - What A Buyer's Agent Really Does - 05:37 PM
Real Estate Agents Are Not Just Door Openers- What A Buyer's Agent Really Does



 
 


There are a lot of home buyers out there that think real estate agents merely drive people around, unlock doors and let people inside homes.  Some even view us as glorified taxi drivers.  However, the truth is that during the course of a transaction, we end up "wearing many hats" as the process is quite complicated.  With that in mind, we are writing today to educate home buyers of the many benefits of using a buyer's agent.
Here is just a small list of … (42 comments)

Success in the Rain - 06:01 PM
Happy Friday Rainers!!! It's been a very successful week yet again here in the 'Rain. 
I want you to have the same success!
Make a goal to dominate your community.  Do it!  The rewards will make the efforts you put in so worth it.  I've highlighted a few of the many successes this week.  Enjoy!
If you have yet to write your own success story, I urge you to do so.  Simply go to your profile page and click "edit" located next to My Profile (edit). Scroll down until you see the spot designated for your ActiveRain Success Story.  Keep in mind this … (45 comments)

Don't Stress Out Over a Problem That's Not Yours. - 05:39 PM
Hi folks. Anna "Banana" Kruchten posed this question yesterday "Are you a problem solver or a solution seeker"
Her question got me to thinkin'. Considering that we get paid to solve problems I would hope that this would be a no brainer for most. But of course I know it's not.  So my thoughts may help you.
First, as soon as a problem arises give it to the party whose problem it really is. For example: You have a listing under contract and the home inspection just came back with major issues. Your first impulse is to start freaking! Your commission … (53 comments)

On Blogging Thoughts - 12:59 AM
AN IDEA CAN PEEK OUT like a prairie dog from it's hole and then disappear into the hole just as quickly.
In Rose Park while walking yesterday morning, a sweet little prairie doggie had his nose poked out from a little opening just beside the concrete picnic bench next to the playground.  The perky little nose peeked out just an inch or so and that  was it.
It reminded of a time a person  told me that she often had felt like she was peeking out from under a rug in her marriage.  Fortunately prairie dogs seem to be happier critters and was just poking … (35 comments)

Tip #54 - Never Eat Alone. Connecting the dots to deals - 365 Tips To Becoming A Successful Realtor® - 11:18 PM




365 Tips To Becoming A Successful Realtor®Tip #54 - Never Eat Alone. Connecting the dots to deals
A secret to networking that has worked well for me is getting people together to make connections. Know a investor who needs a lender and a lender who is looking for business? Invite them both to lunch. Both will be grateful and you just formed a great team.
I make it a point to scan through my database each month, looking for people who I need to connect. Developers with lenders, builders with electronics guys, engineers with developers, etc. It … (24 comments)

Do you play GUESSING GAMES with your potential buyers? - 07:30 AM
Do you play GUESSING GAMES with your potential buyers?

Three guesses . . . How does this room work? 
Pool Table?  Nope.
Master Bedroom?  Nope
Living Room?  You're getting warmer . . .

OH!!!  IT'S A LIVING DINING COMBO!

____________________________________________________________________________________
Three guesses . . . How does this room work?
Bedroom?  Nope
Exercise Room?  Nope
A Den?  Nope

OH!  IT'S A LOFT AND READING NOOK!!!

______________________________________________________________________________________
Three guesses . . . How does this room work? 
An exercise room?  Nope
A bedroom?  Maybe
A playroom?  Maybe

OH!  IT MAKES A GREAT HOME OFFICE!!!

… (59 comments)

My Seattle Houseboat Listing On The Today Show! - 05:39 PM
My phone has been ringing off the hook today thanks to Today, but it did all start at Active Rain so I wanted to share!
Visit msnbc.com for breaking news, world news, and news about the economy
Want to see this great Seattle houseboat? http://www.cooperjacobs.com/18075
I really do owe this to Active Rain since I would not have ever blogged or gotten out there on the internet without them. This listing has six new showings set for tomorrow as a direct result of the segment and more to come in the next week. Fingers crossed for a great buyer because I love this … (26 comments)

Everyone Needs To Share....Even An Only Child Does It - 08:10 PM
Sharing information on ActiveRain is, in my opinion, one of the many advantages of participating on this site.  We compare notes on many topics.  I've posted copies of marketing materials to share with all, and I've learned much from others. 
It occurred to me that if other real estate agents from Franklin MA, outside of my office, were actively participating in ActiveRain, would I be so willing to share information or give direction when asked a question?  There have been a few recent posts written about this topic. 
Having a good working relationship with local agents is a necessity in order … (117 comments)

Are Blog Discussions About Retainers and Pricing Policies a Price Fixing Lawsuit Waiting to Happen? - 06:53 PM
Everyone seems to know that it's not OK to talk about commissions.  Fellow real estate agents can't have a discussion about what they charge.  You can advertise what you charge and other non-agents can discuss and compare commissions that are charged but competing members in the same business can't discuss prices with each other.
But how about discussing fee structures?  How about discussing things like charging an upfront retainer or charging processing fees in addition to commissions?  Is it just illegal to discuss specific prices or is it also illegal to discuss more general pricing policies and strategies?
I've seen several featured … (35 comments)

Different Seasons, Different Mentors, Different Crossroads - 08:27 AM
I've been actively blogging on Active Rain for over 3 1/2 years now. As I look back on my journey and how I came to this point in my life, I smile. It's been pretty smooth sailing, one that I could chart my path.
Active Rain has been the only key success to my real estate business. Little did I know what blogging was about back in late 2006, I failed to recognized its place for my future. The good thing was that I hung in there.
Active Rain meant different things to me in different seasons of my life. But … (31 comments)

Friday Fotos: De Ja Vu - 12:29 PM

 
This morning as I left my building, I noticed my friendly produce vendor's push-cart had a familiar umbrella that I hadn't seen in a few years. Foxtons, the now defunct 2% real estate broker from London. Foxtons tried to make a big splash here several years ago. They spent $billions in negative advertising against full service brokers. Their advertising didn't work. They barely made a dent in the market before going out of business.
Oh well! An umbrella is still an umbrella! I still use Pan Am's first class travel kit. The only difference - Pan Am was a … (39 comments)

Short Sale Negotiating Companies- Demanding A Part Of Your Commission? - 02:01 AM
We get the acceptance letter from the lender who approves a short sale we have the listing on.   
Then we get another email that says that we have to reduce our commission by 1%.  That was strange, we thought.  We have done a lot of short sales with this particular small lender and never had an issue before with our commission. It is a small lender who mostly owns their own notes and services their own notes. This of course saves us a lot of time. With this particular lender we can close on our short sales within 30 to 60 days.  … (77 comments)

Bank of America Short Sale - Lengthy Approval and Speedy Closing? - 05:00 PM
 

Bank of America just approved the short sale for Island Princess Unit 310 on Okaloosa Island, Florida. It took a longer-than normal 4.5 months.  And we're going to have a hard time complying with the closing requirements....
The approval letter date: yesterday.  
The closing deadline:  today.

 Enough said.

 

 It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com
Fort Walton Beach Florida Real Estate
Fort Walton Beach Short Sales & Pre Foreclosure Help.
Read Wendy's Fort Walton Beach Real Estate Blog
Wendy is a short sale and pre-foreclosure … (70 comments)

I'd Rather Be Last on the List! - 06:14 PM
     A new agent presented a cma he did for a new customer and asked me to look it over before he presented it to the seller.  He's new to my office, but has been licensed a few years and worked previously with one of our competitors, so I was confident that the cma would be of professional quality and up to par. 
     A quick review and I noticed right away that something was missing -- there were no solds to be found -- only currently listed homes. 
   
     I thought, well, I must be missing a few pages, … (80 comments)

Do you prep your buyers for the physical inspection? - 11:58 AM
Do you prep your buyers for the physical inspection?
The physical inspection is where we as licensed agents sometimes hit a bump in the road.  It is the main discovery process for the buyer, and probably the most apprehensive time for them, especially for those buyers who are a little more distrusting in the first place.
What I've found helps quite a bit is to prep the buyer for the physical inspection by not only discussing the process of the inspection itself, but some examples of how things have rolled out for other buyers in the past, and how they were … (40 comments)

I return calls at 12:00 and again at 5:00 - 05:24 PM
I return calls at 12:00 and again at 5:00 was the recording I received this morning at 9:00 AM when I called a listing agent to make sure that her listing was still available for me to show.  I politely left a message telling her that I would be showing her listing this afternoon and would she please call me at her 12:00 time so I could make sure it was still available.  I had scheduled the appointment using Centralized Showing Service but this home was a deal for an investment home and I have learned it is always good to … (142 comments)

All I Could Do Was Shrug - 09:07 AM
I was talking with a friend the other day from the town I use to live in and they had just sold their house and bought another down the street - they needed to downsize. Their house sold quickly and they were happy about that.
But they said they couldn't believe some of the things they had to put up with as far as the REALTORS were concerned - and in such a short time dealing with them.
One specifically was a showing that was scheduled to happen at 6:00 and the agent showed up at 4:00 because it was more … (66 comments)

Buyer Client Survey - 10:59 PM
Glenn Roberts | Ravenna Park | My Seattle | Lake & Co Real Estate
A Past Buyer Survey that Worked for Me In This Post
Using a Buyer Survey to increase referrals.
 
A while back Todd Clark posted an article about buyer-client surveys. Should you send one? Do you send one? I don't remember much of what he said, nor can I find it now. He's already posted 69 times in July and it's the 16th today. Todd to the rescue. Here's Todd's survey post.
Whatever it said it got me thinking. I've always followed up with my buyers and … (35 comments)

Throwing Spaghetti at the Wall - 11:31 AM
Throwing Spaghetti at the Wall
When I was a kid my mom used to throw spaghetti at the wall to see if it was done (actually, it was the kitchen cabinet).  If it stuck to the cabinet dinner was ready.  If not, it still needed some more cooking time. 
Real Estate = spaghetti. 
Don't you just love it when strangers, even friends, applaud you for choosing a career in real estate where you just collect big ol' checks for "showing up at a house or two".  I'm preaching to the choir, but don't they realize by now all of the work that goes … (45 comments)

Overpriced Listings Are Bad Marketing Decisions - 10:19 AM
Did you ever hear someone say that bad news travels like a wild fire and good news never makes the front page?  One unhappy customer will tell TEN TIMES more people about their experience than one satisfied client. 
The next time you pull out a listing agreement and prepare to put a sign in the yard of a home that YOU KNOW IS OVERPRICED, you should stop and think about how this decision could IMPACT YOUR FUTURE BUSINESS.
We all know how difficult it is to chase the market in search of the RIGHT PRICE once we have listed a home … (89 comments)

A TWISTED Article and Analogy ... The Wizard of Oz on ActiveRain - 06:22 PM
 
 
     Pretty much everyone has seen the Hollywood Classic Movie "The Wizard of Oz".  Famous stars were in it, famous songs are still sung from it, famous lines still uttered.  Who doesn't know about Dorothy, her little dog Toto, The Cowardly Lion, The Tin Man, The Wicked Witch, The Scarecrow, and ... The Wizard himself??
     Call me crazy ... but I think there's a very strong analogy that can be made between this movie and today's mortgage industry and how it operates. 
     It may be a bit of a stretch ... but I see The Wizard as the … (49 comments)


Blog posts


Fairy Tale Festival - Summer Fun for Kids at Greeley Park - 10:02 PM
Calling all New Hampshire Princesses and Knights - Attend the 2010 Fairytale Festival
 and your Dreams will Come True!

   This Saturday, July 17th From 10:00 a.m. to 1:00 p.m. is the annual Fair Tale Festival which will take place at the Greely Park band shell as part of the NH SumerFun Program. 
  The 2010 Nashua Fairy Tale Festival will be the best festival yet.  There are lots of activitivies planned and over 40 businesses will be participating this year ... and it is FREE!
          The weather is expected to cooperate, so get out those costumes and get ready to have a fun … (16 comments)

Is it the right time to buy a house? - 03:43 PM


 
To buy a house or not to a buy a house, that is the question.   It's a big decision, some would say due to the huge impact it can have on your lives it's the biggets decision you've ever made.  Some people will tell you to buy a house right away, others will tell you to wait a few years.  These opinions vary between friends, family members, co-workers, even Mom and Dad might disagree on the right thing for you to do.  Who's right, what should you do?
 Photo Courtesy of B&M Photography
Well, the short answer is … (4 comments)

10 Simple Steps to Buying a Lancaster County PA Home - 04:23 PM

 
 
Welcome Back Readers!  Ok, so you've decided to buy a house.  What do you need to do?  How does the process work? I'm going to give you a simple 10 step approach to buying a home "the right way".
 
 
Choose an agent - There is no question about it, you should not attempt buying a home without the help of a Realtor, the process is too complicated.  But picking the first one you meet or just using whoever was at the open house you dropped into might not be right for you.  Ask your friends and … (0 comments)

Alta Vista - Lakeway Austin TX - Market Activity - 02:21 PM
Alta Vista - Lakeway Austin TX - Market Report showing some promising activity. Alta Vista is a little pocket of homes in a gate community off 620 in Lakeway TX. This chart shows the activity through the second quarter, and notice the low days on market as well as the small differences in asking verse selling prices.

These are some home owners who know how to sell their homes! They're not only marketing right, but they're pricing right which in turn moves the inventory quicker. In real estate, traditionally, you can sell higher in the summer selling months than you … (1 comments)

Oh I get it you don't believe me so get it appraised! - 10:37 AM
Great post!  I've said this until I'm blue in the face to some sellers, yet they never put out the $400 to get it appraised once and for all to settle the controversy on pricing.  Hope they will start to come around because I'm just saying NEXT and moving on. 
Via Jennifer Fivelsdal, Mid Hudson Valley (JFIVE HOMES REALTY LLC):
Oh I get it you don't believe me so get it appraised!
It should not be a big surprise that there are still home sellers who have not caught up with the market.
If you are a listing agent you might be asked … (4 comments)

Are you afraid to call a mortgage lender? - 05:37 PM
Great post by Shirley about the impact credit scores can have on your mortgage payments.  If you're looking for a local mortgage professional for Massachusetts, rather than the couple in TX that Shirley has listed in her blog, contact me at 508-523-8632.  We work with some great mortgage planners from Prospect Mortgage here in Worcester.  
Via Shirley Parks, SANDS Realty (Broker) San Antonio, TX Real Estate 210.414.0966 (Serving San Antonio & Surrounding Areas):
Many people who are thinking of buying a home want to go out and look at homes but don't have their preapproval letter from a lender. They are apprehensive about contacting a … (0 comments)

JUST SOLD - Millis MA Home Sales - (02054) - 06:45 PM
JUST SOLD - MILLIS MA HOME SALES - (02054)


JUST SOLD by JCKC Realty!  This lovely home located at 36 Spencer Street in Millis closed today, July 16th for $295,000.  Congratulations to our buyers Ross & Kym Sylvestre!
List Price:  $306,800Sale Price:  $295,000Bedrooms:  3Bathrooms:  2Living Area:  1382 SQFT
If you are thinking about buying or selling real estate, we'd love to work with you!  Let  JCKC Realty show you what we do to get homes sold fast and to negotiate the best price on your next home purchase.
If you are looking to buy or sell a home in Millis, click the link to … (5 comments)

Belleville IL Homes for Sale, Belleville IL Real Estate - 08:01 PM
2433 Coniferous Dr, Belleville IL 62221
Belleville IL Real Estate
Property Details Get Local $126,500 - 2433 Coniferous Drive, BELLEVILLE
3Bedrooms2Baths1,375SQ. Feet0Acres Great oppurtunity to purchase a short sale home, with Open Floorplan. Laminate flooring in Living Room and Dining Room area. Kitchen has newer refrigerator and stove. Large utility room, His and Hers closets in Master BR. 12 x 12 Wood deck off of Dining Area. Large Shed.
 
Essential Information
MLS® #:3010232 Price:$126,500 Bedrooms:3 Bathrooms:2.00 Full Baths:2 Square Footage:1,375 Acres:0.00 Year Built:1999 Type:Residential Sub-Type:1 STORY Status:Active Community Information
Address:2433 Coniferous Drive Subdivision:RICHLAND PRAIRIE ESTATES City:BELLEVILLE County:St Clair State:IL … (2 comments)

Should you listen to Real Estate Trends? - 11:33 PM
When it comes to Dallas real estate the market is full of trends.  If you are just getting involved in the market, it can be overwhelming with all the different information.  Everyone has their two cents worth and everyone wants you to listen.
So, knowing this, should you listen to the current trends?  There is a lot of information out there and for those interested in the Dallas real estate market listening to the trends can be very informative.   In all actuality ignoring the current trends is like ignoring the present state of the market.
To discover the Dallas real estate … (2 comments)

Don't Stress Out Over a Problem That's Not Yours. - 05:39 PM
Hi folks. Anna "Banana" Kruchten posed this question yesterday "Are you a problem solver or a solution seeker"
Her question got me to thinkin'. Considering that we get paid to solve problems I would hope that this would be a no brainer for most. But of course I know it's not.  So my thoughts may help you.
First, as soon as a problem arises give it to the party whose problem it really is. For example: You have a listing under contract and the home inspection just came back with major issues. Your first impulse is to start freaking! Your commission … (53 comments)

Outer Banks Foreclosure|230 W Palmetto Street Kill Devil Hills, NORTH CAROLINA 27948| MLS#67255| $264,900 - 11:49 AM
230 W Palmetto Street Kill Devil Hills, NORTH CAROLINA 27948 Listing # 67255:  3 Bedrooms   2 Bathrooms   1 Partial Baths $264,900
THIS CHARMING 3 BEDROOM COTTAGE IS MOVE IN CONDITION. ALL NEW CARPET AND NEW INTERIOR PAINT MAKE IT SPARKLE. THE OPEN CONCEPT UPPER LEVEL MAIN ROOMS WITH SOARING CATHEDRAL CEILINGS AND PALADIAN WINDOW MAKE IS SEEM SUPER SPACIOUS. THE FRONT COVERED PORCH IS PERFECT FOR SITTING. THE MASTER BEDROOM HAS ITâ€TMS OWN PRIVATE BATH. THE OTHER TWO BEDROOMS SHARE A FULL HALL BATH. ON THE LOWER LEVEL IS A SUNNY FAMILY ROOM WITH GAS FIREP... See Full Description

For more information about this property … (1 comments)

Outer Banks Foreclosure|774 Sunset Court Corolla, NORTH CAROLINA 27927|MLS#67254|$299500 - 11:58 AM
774 Sunset Court Corolla, NORTH CAROLINA 27927 MLS# 67254:  5 Bedrooms   4 Bathrooms $299,500
This one will fly off the MLS! Call your buyers now! Look at this....Oceanside, Five Bedrooms, Four Baths, Game Room & Private Pool. Very private, tucked away at the end of a cul-de-sac. Great home - priced as a starter home but this is anything but. Home has been well maintained, move in condition.

For more information contact Matt Huband-Buyer's Agent at obxrealtors@gmail.com
… (0 comments)

Outer Banks Foreclosure|100 E Bias Lane Duck, NORTH CAROLINA 27949|MLS#65468|$479,900 - 12:59 PM
100 E Bias Lane Duck, NORTH CAROLINA 27949 MLS # 65468:  6 Bedrooms   5 Bathrooms   1 Partial Baths-$479,900
This 6 bedroom home at the entrance to the ocean side of Bias Shores has a great rental history of nearly 45K in 2008. Lower level boasts 2 bedrooms and a large game room with wet bar. Sliding glass doors lead to large pool and play area in the yard. The mid level has 3 bedrooms 2 with private baths. A entrance room from the main door served as a computer room and media room. The great room is open and spacious with wall of windows to … (1 comments)

The Big Greek Food Fest Of Niles ~ JULY 16 - 18 - 10:50 PM
Live Greek Music
The Fabulous "Olympian Dancers" - Enjoy the splendid Greek Folk Dance Program of the Olympian Dancers every night at 8:00 pm at the band stand.
Novelties & Jewelry Tents - Located in the front of the Community Center facing the street, the novelties and jewelry tents sell a large selection of music, jewelry, gifts and Greek novelties!
Greek Cooking Demonstrations - Learn to cook something Greek!  In the Community Center on Friday, Saturday and Sunday at 7:00 pm.
Films - Scenic and colorful films highlighting the sun, sea and beauty that is Greece - in the Community Center … (5 comments)

11676 Fenwick Circle, Parker, Colorado 80134 - 10:31 PM
Renting is Non-Cents 11676 Fenwick Circle, Parker, CO 80134 View Map Renting is Non-Cents...when you can build equity and save tax dollars in this charming Meridian patio home. 2 bedroom, 3 bath, family room, balcony and 2-car attached garage lives large with 3 levels - perfect for having personal living area getaway. Low maintenance, close to Lincoln and I-25. Make the move today, own a home of your own for only $209,900! Call your broker or call Kristal Kraft at 303-589-2022.
Details Asking Price: 209900 MLS: 908332 Sq. Feet: 1687 Bedrooms: 2 Bathrooms: 3 # of Floors: 3 HOA/Maintenance Fees: 95.00 … (5 comments)

Open House in Merrick, NY, Sunday, August 1, 2010 - 2043 Cornell Place - 02:22 AM
We're having an Open House in Merrick on Sunday, August 1, 2010 between 1-3 p.m.  Come join us!
Set deep on a cul-de-sac in the Lindenmere area of Merrick sits this one-of-a-kind contemporary hi ranch with a full basement.  The last time this unusual home was on the market we had seven offers the first weekend we showed it.  If you're looking for space, beautiful hardwoods, central air, a spacious kitchen with granite counters and the possibility of four bedrooms on the same level, this might be a perfect match. 
For those looking for an easy commute into Manhattan, you can walk … (0 comments)

Pueblo West 2nd Quarter 2010 Real Estate Statistics - 01:52 PM
Pueblo West 2nd Quarter 2010 Real Estate StatisticsHere are the Pueblo West real estate statistics for 2nd Quarter 2010, 4/1/2010-6/30/2010. The figures in parenthesis are from the same time period in 2009. The properties on the market do NOT include properties under contract.                                               1st Quarter 2010    2nd Quarter 2010    3rd Quarter 2010    4th Quarter 2010       Single Family Sold               91 (84)                  176 (133)               __ (141)                 __ (117)       Single Family on Market       299                       298               Multi-Family Sold   … (0 comments)

12227 MANADO ST, ORLANDO FL 32837 - 08:46 AM
 
 MLS# O4993536                12227 MANADO ST, ORLANDO  FL 32837   $$$ 60,000 $$$

SHARP 3 bedroom 2 bath home located in SW Orlando. Split floor plan that is great for families. Spacious back yard ideal for playing children and located on cul de sac limits the traffic on your street. Great location as only minutes from all major theme parks, Orlando Int'l airport and local shopping & restaurants in the NEW Loop area and Hunters Creek Village. Owner will consider CASH offers only. Act fast as this house will NOT last... Owner will only entertain CASH offers, home sold "AS IS". … (0 comments)

A Home Inspector with a Calculator....Grrrrrr - 06:52 AM
   The buyer had an inspection on one of our listings as we encourage all buyers to do...and in Wisconsin, home inspectors are licensed. Many are former tradespeople...and like realtors or any other profession....some are better than others.  It is the home inspector's job to point out areas of concern...to suggest a specialist in an area address a problem.......to give the usual preventative maintenance and routine systems maintenance checklists...pitch the landscaping away from the foundation, change the furnace filter, clean the gutters...extend the downspouts...yadda yadda.
   This inspector took his inspection from inspector role to estimator and furnished the now maybe … (22 comments)

Woodberry Condo in Mount Vernon, Ohio 43050 - 10:19 AM
Contact Sam Miller of RE/MAX Stars Realty (740) 397-7800  Mount Vernon Ohio Homes For Sale
… (0 comments)

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