Archives of real estate blog entries for January 4, 2011
Featured blog posts
Sorry Doubters but Active Rain Blogging is LEAD GENERATION !!! - 03:15 AM
The Real Estate World as we know it is changing daily ! There has never been a time where practitioners have as much liability and responsibility in an individual transaction. No agent can afford to rest on the laurels of Knowledge Past. The 2008-2010 real estate years have been a cleansing market that has forced all productive agents to reinvent themselves. Agents have been forced to Remargin their business, eliminating anything that does not produce a ROI. Many pre 2000 marketing methods are no longer cost effective or are far too time consuming.
That being said, it's time we as
Why is a BPO Important to the Short Sale Process? - 01:27 PM
I have written plenty in the past about BPOs but have never delved into it specific to a Las Vegas Short Sale!
A BPO means “Broker Price Opinion” and they are not appraisals nor should one get them confused with appraisals. A BPO has a different purpose. It’s almost like being a “secret shopper”. When we are submitting comparables for a list price (NOT value, Nevada’s law is very strict,) we are also looking at a myriad of other items that may help or hurt with pricing and marketing of the home:
How is the home being marketed: Is there no lockbox or an
I’m in Short Sale Heaven in 2011 – Learn About Deficiency Judgments - 05:06 PM
What is a deficiency judgment?
Sellers participating in short sales are frequently concerned about a deficiency judgment with respect to their potential short sale or foreclosure. But, what is a deficiency judgment? A deficiency judgment is a judgment for an amount not covered by the value of security put up for a loan or installment payments. Sellers express concern over whether the bank or their mortgage lender would ‘go after them’ for the difference between the amount owed on the loan and the approved sales price.
In California, the tables have officially turned effective immediately. Our former Governor, Arnold Schwarzenegger, signed
To Blog, or not to Blog? That is the question! - 05:38 PM
So I am sitting in the office today with one of my office mates who shall remain nameless and he is making fun of me for blogging. He even mentioned that, "you could blog, or do loans". I don't think that everybody has had a transaction from Blogging. I have done Blogs about USDA rural loans, then sure enough, I get an application on my mortgage website. I've had quite a few calls since I've started ActiveRain where I take a full loan application, then I ask the question: Who do I have the pleasure of thanking for your referral today?
How to Embed A YouTube Video Into Your Blog - A Tutorial So Easy Even YOU Can Do It! - 09:51 AM
How to Embed A YouTube Video Into Your Blog
A Tutorial So Easy Even YOU Can Do It!
Mitch Rutman and The Dave Matthews Band
OK class. Listen up! It's tutorial time.
At one of my dear reader's requests today's lesson will focus on embedding a YouTube video into your blog posts. For those of you who know how to do this already, please sit quietly and don't ruin it for everyone else. Or you can go here and kill some time pretending you're the boss.For those who are ready to learn, let's begin.
How to Embed
Changes to the REALTOR Code of Ethics for 2011 - 08:19 AM
The REALTOR Code of Ethics is a document that all REALTORS utilize in their practice every day. There are many aspects covered in the Code. These include duties to clients and customers, duties to the public and duties to other REALTORS.
In 2011, some new changes have been implemented to the code. The first is that there can be no discrimination on the basis of sexual orientation. For years, REALTORS have abided by the practice of not denying professional services to any person based on race, color, religion, sex, handicap, familial status or national origin. Now, sexual orientation has
Question: Can you show us some homes this weekend? - 06:33 PM
Hi Rich. I found you on the internet and was wondering if you could show us some homes this weekend? We already have a Realtor but she’s going to be away.
The short answer is going to be no, but let me explain a little bit. First, Realtors abide by a Code of Ethics and it could be a violation of that Code if I showed you homes, knowing that you're already working with an agent. Second, Realtors don't get paid by the hour, we only get paid a commission, when a house sells. I can only assume
Staging? Too much of a good thing? - 09:18 AM
As we know, staging, or organizing a home's furnishings to show off its best features, can take ordinary and ugly spaces and turn them into beautiful and appealing places. Savvy sellers know that in this market, they MUST get their home show ready to sell. By watching shows like HGTV, they have been educated on the need for it. They may call in a professional for consultation, but many times they have good ideas of their own. I notice, however, when showing homes in a neighborhood where many homes are on the market, and which are all similar in age and floor plan,
31 Day Challenge for January 2011 - RULES UPDATE - 06:02 PM
31 Day Challenge for January 2011 - RULES UPDATE
This has been quite the learning experience for me. I've never started a group before and I've never posted a challenge before. Especially nothing with Points involved! Here are the things that you need to know:
1. This challenge is about getting in the habit of blogging regularly. You are writing to whomever you have decided your readership is made up of.
2. It is NOT like the December challenge where you write about what you've done to create business. Not that you can't do some posts about that but
How fast can you say IDENTITY THEFT? - 12:54 PM
How fast can you say IDENTITY THEFT? Here's a heads up for another way people are trying to steal your online identity.
As you may have heard, Facebook is now the #1 most visited site - surpassing even Google in page hits. So when a friend posted what looked to be a silly little video on my wall, I sure wasn't surprised. People do that all of the time.
But here's where it gets interesting. This was the Facebook post:
When you clicked on it, you got what looked to be a regular Facebook log-in screen. If I had actually
“This is BS, I’m going to use someone else?” - 05:26 PM
"All I gave the lender who did my mortgage the last time was my social security number and I signed my docs the following week. Now you want my last 2 years tax returns, this is ridiculous! I'm not giving you one more piece of document. Can't your underwriter see I have an 800 fico score and $500K in the bank, oh and I'm putting half down. This is BS, I'm going to use someone else!"
This is an all too common question and reaction when we send our clients their list of needed items required in today's market to get
How to create urgency with your buyers... - 12:57 PM
As real estate agents, we spend so much time looking for the perfect 3 bedroom, 2 bathroom home for our clients, that we may be missing the point. They call us, tell us what they are looking for, then we become a computer in trying to find exactly what they are asking us to find. Or we put them on some auto search, and forget about them completely.
They day that buyers bought homes out of impulse, or because someone else would steal their home, or because their friends are, or because the news is telling them to buy has long since passed...
What Do Those Letters Mean After an Agent's Name? - 03:43 PM
Q. What do those letters mean after an agent's name?
A. Most people don't give a second thought to initials following the names of medical doctors (MD), accountants (CPA), professors (Ph.D.), and nurses (RN) because we're accustomed to seeing them used.
Initials indicating membership in professional organizations and advanced training for real estate agents are less familiar, however, so consumers are not always sure what they indicate. While it's perfectly okay for you to ask your agent about any unfamiliar terms, including the initials following their name, here's a tutorial to help you make sense of the alphabet soup
It''s a new house, I don't need an inspection, right? - 01:30 PM
As an inspector I’ve often heard "I don't need to get an inspection, it’s a new house." Big mistake, made by the inexperienced,most often young couples. New construction is where the biggest problems exist. The problem is not 'glue verses wood' or any other technological innovations. Each technology selected is a working durable system and as long as it is fully implemented and integrated into the home construction it's fine. The knowledge is there.
The problem arises from lack of supervision both in the architectural decision stages and the on site management. It used to be the norm that a
WANT GOVERNMENT (FANNIE AND FREDDIE) OUT OF THE HOUSING BUSINESS? Be careful what you wish for! - 07:27 AM
* * * * HARD CORE REAL ESTATE TALK * * * *
WANT GOVERNMENT (FANNIE AND FREDDIE) OUT OF THE HOUSING BUSINESS? Be careful what you ask for.
The failure of the Government Sponsored Enterprises "GSE", were human failures, not necessarily failures of the mission of the GSEs. Providing liquidity to real estate financing entities fuels the housing market and without Fannie Mae and Freddie Mac, the housing industry would experience a dramatic contraction. Is that what you REALLY wish for???
THE COLLAPSE OF FANNIE MAE AND FREDDIE MAC - - -INSTITUTIONAL AND STRUCTURAL FAILURES OR HUMAN FAILURES??
There are members of
Ten Things Home Buyers Will Simply Not Tolerate Right Now - 10:14 PM
Ten Things Home Buyers Will Simply Not Tolerate Right Now
Anyone who can open a newspaper knows that we are currently in a buyer's market. If your home is for sale now there are some realities that you need to accept.
With the amount of inventory available and the fact that prices have dropped significantly, buyers are being very discerning about what they will put up with. The number choices in front of them will lead them to greener pastures if a property does not click immediately.
In this environment buyers do not have much patience with any of the following:
Cigarette smoke - Since
Choose That Comment Carefully and You May Just Gain a Subscriber - 08:06 AM
Choose that comment carefully and you may just gain a subscriber I don't know about you but I like watching my subscriber number go up more than just about anything. I mean, don't get me wrong I also like coming closer to #1 for the Charlotte NC area. But those subscribers is what keeps the comments rolling long after your post has left the blog roll. You get a total of 10 "pointed" comments per day and of course you could comment all day long if you wanted (and didn't have much else of a life) but I want to make
Thank You Activerain For Teaching LOCAL Awareness! - 07:57 PM
Thank You Activerain For Teaching LOCAL Awareness!
Spending the last two years creating blog posts and videos about my community has been a rewarding activity. Not only have I gained an appreciation for everything our area had to offer I became involved with the community leaders and am now ready to take that activity to the next level...
Global Interdependencies: Thinking Globally, Acting Locallly
"Glocal" is a great word for 2011. It really resonated with me because of activerain and the progressive vision for teaching the importance of localism in our communities. I can now connect the dots of
Why Was THAT Post Featured? - 04:49 PM
Since the day we introduced the concept of a featured board, which would reside on the home page of ActiveRain, there has been debate over the merit of featured posts. In the coming months, I will try to give you some insight into why we selected certain posts to be featured. Each time, I'll try to give you some insight into certain styles of posts that you continually see featured, (like tutorials) and why we feature those type of posts.
I'll also try to find one post that didn't get as many comments (which may be indicative of the fact that
Thriftiness ~ The New Little Black Dress - 03:12 AM
One of two New Year's resolutions that cropped up on many a "Top Ten" list this 2011 was debt reduction. A number of well-written articles have been written on the subject; a particular favorite of mine is Brett Arends' Wall Street Journal article "Advice for the 'Poor Rich' ". Spot on as our British friends say. If you are serious about losing that financial spare tire, I highly recommend Mr. Arend's article as a starting point in your carrying cost weight-loss regimen.
But, as is usually the case, a somewhat tangent thought occurred to me. Since thriftiness has now
UNdress for Success... - 10:47 AM
Do you wear jeans or slacks to work? Golf shirt or tie? Who really cares?... The New Rules of Real Estate Etiquette: don't discuss politics, religion or how a Realtor should dress because you're sure to offend someone.
Well, I'm asking for it but here goes... (please comment and tell me I'm wrong... I can take it!)
First of all, let me say that you are free to dress how you wish, I really don't care. I would just like tell you how my mind has been molded over the last couple months.
Who Wrote the Rules?My business life before the
Ok, I'm Just Going to Say It - Why Is Your Menu Bar the Same Color as your Text? - 11:11 PM
ok, I am posting this again because I am still running across too many of you doing this and it's irritating! - enough rant.... just read the post :-P
I literally have stopped in the middle of another blog to write this because I can't stand it any longer. I have come across too many blogs where the blogger has made the menu bar the same color as the text and I can't find my way back unless I have memorized the order and position of
Search RainCamp Groups Blogs Channels States My Home
Am I the only one this
Pretending to Enjoy Real Estate? Me too. - 11:55 PM
Sometimes I get tired of pretending that I'm enjoying the real estate business as it is today, I do enjoy the people I work with and the Colorado Springs Realtors who are also keeping the "face" and busting their butts but trying to keep the smile painted on and the upbeat inflection in my voice somehow has lost its sincerity behind the facade of the everything-is-going-to-be-ok mantra.
Being positive for positive sake is noble and likely good for business but what about transparency and being real when the chips are down. It's as though we Realtors are the Wizard of Oz, great and powerful as we stand behind the curtain of
If You Had an Unexpected $5000 for Marketing and Wanted To Start Listing Homes-How Would You Spend it? - 09:10 AM
If You Had an Unexpected $5000 for Marketing and Wanted To Start Listing Homes-How Would You Spend it? Hi folks, many of you know I have focused much of my energy in the last year on websites and SEO to bring in buyers. My 2010 master plan for attracting buyers is flowing nicely. Now is the time to branch out into something I have not spent a lot of time on recently. Listings. Whether I do them or have an assistant do them is not the point of this exercise. I have an unexpected short sale closing coming up and have
Why ActiveRain is so AWESOME! (No... its not Google Juice!) - 07:16 PM
Why ActiveRain is so AWESOME!
Everyone always talks about how wonderful activerain is. You know... Google juice, information, technology questions, friendships and relationships.
Those things are ALL true.... but for me it is about what the rain causes us to do!
If you ask anyone in love how they KNOW that they are loved, the answer almost always has something to do with how they are treated.
So... love is a action word.
We can say we love someone all we want... But if our actions do not support our words... the words mean nothing.
Here's a few examples of how
An Active Rain Newbie Contest - Jump into 2011 with a BANG - 01-04-11 - 11:58 PM
Before we start, here is what I feel about Active Rain, about blogging, and what contests like this allow....
It's a chance for new members to show their talent. If anything, a chance to possibly find your blogging voice. Overall, blogging gets you recognized online & in your local area.
And keep in mind...The great thing about this community, in regards to Active Rain, there are people willing to help you and help you grow.
Do you know that 80% of the consumers out there shop online when looking for a home, mortgage services,
USA Hotel for Sale for $3,500,000 - Southwest Hotel for Sale - Texas Hotel for Sale - 07:10 AM
Texas Hotel for Sale for $3,500,000 - Renovated in 2010
500 Internal Server Errors For Some Members - 12:16 PM
One of our servers is currently experiencing some issues. It's possible that some of your are getting 500 Internal Server Error messages. This may be preventing you from accessing the site at all (in which case this message does you no good......but hopefully the message on our Facebook page will)
Some of your may be able to access the site but be unable to log in, or you are getting intermittent service.
Our development team is working on restoring this server. We are terribly sorry for the interuption and hope to have it resolved soon. Some of you (like me.....must be
13th Annual Christmas Tree Collection - 06:08 AM
Now that the holidays have ended, many of us are beginning to pack up our ornaments and dispose of the Christmas tree.
The Boy Scouts will picking up Christmas Trees again this Holiday Season on Saturday, January 8, 2011
Tree pick-up will occur throughout the City Limits of Cheyenne. Trees to be picked up should be placed on the front curb by 6:30 am and must be free of tinsel, wire, nails, ornaments, plastic bags and other non-natural materials. In case of windy weather, trees should be secured to your mailbox or another fixture with twine that can be easily cut.
5344 Baltimore Street, Highland Park - 05:38 PM
5344 Baltimore Street, Highland Park
5344 Baltimore Street, Highland Park, offered for sale at: $384,500
5344 Baltimore Street is a 3 bedroom, 1 bath, 2 story craftsman bungalow with lots of charm. Convenient location to experience Northeast L.A.'s art galleries, clubs and restaurants. Sweet mountain view from the upstairs.
For more information, please visit: http://5344baltimore.bob-taylor.info/
The Bob Taylor Properties Network of informative blogs and websites
Bob-Taylor.com Our original website BobTaylorProperties.com The company blog NelaLive.net Community events and opinions EclecticAngelino.com A headline newsfeed from around Northeast Los Angeles TaylorHotSheet.com Real Estate Market updates and Open Houses WeMarketRealEstate.com Learn
You're Never too Old to Learn~Especially with Short Sales - 12:27 PM
Here is a great post on the changing Short Sale Market. There are many things to know about Short Sales and the Short Sale Market is always in flux. I am seeing a lot of changes in the Short Sale Market here in Brentwood, Antioch, Oakley, Pittsburg and Discovery Bay California.
For information get a free copy of my book 19 Things You Need to Know to Short Sale Your Home.
Via So King County~ Colleen Fischesser & Co Specializing in Maple Valley since 1990! (RE/MAX Select R.E~ Designated Broker/Owner):
Helping Seattle home owners with their short sales in 2010 was truly
The Other Deep Water Dock Homes! - 04:46 PM
Deep Water Dock Homes!
Deep Water Dock Homes are some of the Most Popular Homes in Discovery Bay. However, the secret is if you want a Deep Water Dock Home there are more affordable opportunities in nearby Bethel Island.
Bethel Island is more rural and the lots tend to be larger. Boaters have told me it is also easier to get out to all the marinas and things to do in the Delta. There are certainly not as many Deep Water Dock Homes in Bethel Island but the prices are lower and the slower pace and country living have a
Property Taxes in California - Do the Math! - 05:01 PM
Property Taxes in California!
I get a lot of questions from people about what will their property taxes be after they purchase the home. There is no one answer. There are some complex issues that can arise, but I will give you the answer that will probably apply to 99% of the purchases.
For those of you old enough to remember in 1978 California Passed (over the objections of then and now Governor Jerry Brown) Proposition 13. This was the beginning of a Nationwide Tax Payer Revolt. Within a Day of it's passing Jerry Brown was all for it and within
The City of Bee Cave - The Hill Country Galleria - Hosting Parade for Lake Travis High School State Champions - 02:58 PM
The City of Bee Cave and the Hill Country Galleria are teaming up to host a parade on January 16, 2011 at 2pm for the 2010 State Champion Lake Travis High School Lady Cavelier Volleyball team and the 4-time Class 4A State Champions football team!
The party will begin at 12pm with music in the amphitheatre across from the Bee Cave Library and the Bee Cave City Hall.
The parade will be going down Main street, so park accordingly. It will start at the Dillard's end and going all the way to Dick's Sporting Goods. A ceremony and celebration will
PODCAST: ‘Let’s get to work’? Well after we party for a while - 12:32 PM
New Florida Governor Rick Scott, took office today. This is the man who spent $73 Million of his own money so he would be independent of special interest groups.
This is the man who ran with the slogan “let’s get to work”. But this is now the man that took most of the $3 Million bill for the inauguration from those very same special interest groups.
Why would he do this?
On today’s podcast I ask that question and more.
Click THIS LINK to hear my take...
(Copyright © 2010 By Simon L Conway All Rights
Thanks For A Great Blogging Class Today & VBlog #2 - 04:35 PM
Thanks For A Great Blogging Class Today & VBlog #2 Hey Guys! Special thanks to everyone that came to my blogging class today! It was well attended and a lot of fun! Today we covered adding videos, photos & color to your blog as well as how to farm your social networks. We had a wide variety of attendees ranging from mortgage professionals and REALTORS to attorneys and photographers. Still working on getting this video blogging thing down pat. Noticed that my editing software on my Mac cut my head off a bit when I transferred the video over for uploading. Doesn't
Cherish Wisdom - 04:19 PM
Click here to read Proverbs Chapter 4
Cherish Wisdom, Stay on the Path of Wisdom, Stay Focused on Wisdom.
Solomon told his readers that wisdom is the most valuable possession someone can own. Wisdom will help you avoid sin and behave in a way that pleases God. How do you cherish wisdom? You cling to the truth, you obey His commands and do not abandon His teachings. You come as a little child, as a pupil and listen to the instructions of your Heavenly Father, such as you received from an affectionate parent.
Solomon is introducing to us the teachings that
Alamo Heights San Antonio, Texas: The Place to Live - 09:55 AM
Texas has always been a prime real estate investment. Not only have properties continue to hold their value, city’s continue to expand and increase in value and on a whole, the crime rate is down per city compared to the national average.
San Antonio is one area that features many values and among them is Alamo Heights. Alamo Heights is one of the most appealing neighborhoods in San Antonio. Somewhat upscale and truly a breath of fresh air, the neighborhood offers a variety of features including mom and pop shops, excellent restaurants, boutiques, and antique stores in the business district. The
Choose That Comment Carefully and You May Just Gain a Subscriber - 10:30 PM
This is such a great blog. I see so many comments that are just way off base... One ov the reasons I like Active Rain is the ability to read all of the comments from all over the world...
Make sure your comment is to the point and helpful...
Via Inspector David Snell (Snell Experts):
Choose that comment carefully and you may just gain a subscriber I don't know about you but I like watching my subscriber number go up more than just about anything. I mean, don't get me wrong I also like coming closer to #1 for the Charlotte NC
My Roommate Is a Horse! - 10:22 PM
It all starts with a pony ride.
Or a trail ride on vacation.
Or a one-time riding lesson.
Next thing you know, you've got a horse, and you're boarding it.
All of us who have horses in our lives know the next step. You start thinking about the drive out to the stables. You start imagining waking up in the morning and sitting at the breakfast table having coffee and looking out the window at your horse.
It's the beginning of the end.
Then come the questions.
How can I make this work?
Who will I have to go riding with?
Follow Ups..Before and Afters or Pop-Bys in Baltimore - 11:29 AM
Reading a post by Sheldon Neal reminded me how I like to revisit my sold properties and follow up with the buyers.
We stopped by This House to remove the forgotten lockbox on 1/1/11 New Year's Day
While there, the owner allowed me to come in and snap a couple of photos. This property was a former dental office and the lucky buyers turned it back into a lovely home. No signs inside of the former dental office.
New Living Room Pretty New Kitchen Former dental office
You are who you Associate with ! ... or at least you COULD be ... so CHOOSE WISELY !!! - 10:19 PM
Reading a post by Sheldon Neal, reminded me of revisiting sold properties, taking "after" photos and following up with the buyers. Sheldon inspired this post and I let him know his idea was being used but in a different way. Digital handshakes introduce us but the phone is still a great way to connect. Besides, I love his voice! Who have you called lately?
Via Sheldon Neal ~ That British Agent ~ Bergen County NJ (Bergen County, NJ - RE/MAX Real Estate Limited):
... I cant tell you how excited I get when my cellphone rings and it's
Outer Banks Foreclosure|Kill Devil Hills Foreclosure|804 Memorial Avenue Kill Devil Hills, NORTH CAROLINA 27948|68921|$99,000 - 03:36 PM
Outer Banks Real Estate|Kill Devil Hills Real Estate|804 Memorial Avenue Kill Devil HIlls, NORTH CAROLINA 27948 MLS# 68921: 2 Bedrooms 2 Bathrooms $99,000
This is just across the street from the beach & would make a great retirement spot since it is on the first floor. Rental income or second home use is also possible since it is located close to Wright Brothers Monument & other attractions as well. Unit needs new carpet, I have quote on file of $2320 which includes removing old & installing new pad & carpet. This unit IS A FANNIE MAE PROPERTY which qualifies for HOMEPATH FINANCING WITH AS LITTLE
Outer Banks Foreclosure|Nags Head Foreclosure|8235 Old Oregon Inlet Road Nags Head, NORTH CAROLINA 27959|MLS#67007|$834,900 - 04:15 PM
Outer Banks Real Estate|Nags Head Real Estate|8235 Old Oregon Inlet Road Nags Head, NORTH CAROLINA 27959 MLS# 67007: 7 Bedrooms 5 Bathrooms 1 Partial Baths $834,900
Oceanfront Nags Head Foreclosure! Bank Owned Ocean front home for sale with cashflow potential. Comparable homes currently produce $83,000 to $95,000 annually. Ocean views, pool and 7 bedrooms make this a no brainer. The savvy investor can return this home to its full potential easily. The well designed, well constructed home sits on a deep oceanfront lot just south of the new Jennettes Pier project. This area is already the center of Nags Head vacation activity with the huge impact
Outer Banks Foreclosure|Rodanthe Foreclosure|24228 Caribbean Way Rodanthe, NORTH CAROLINA 27968|MLS#68943|$699,000 - 04:29 PM
Outer Banks Real Estate|Rodanthe Real Estate|24228 Caribbean Way Rodanthe, NORTH CAROLINA 27968 MLS# 68943: 6 Bedrooms 5 Bathrooms 1 Partial Baths $699,000
Amazing Opportunity to own a Outer Banks rental property. Bank Owned Vacation Home at The Estates at Hatteras Island. Six Bedrooms, Private Pool, Elevator, Nice Views.
For more information about the Outer Banks Foreclosure contact Matt Huband-Buyer's Agent at email@example.com or 252-255-0221.
Listing courtesy of Davenport, Michael from Sun Realty - KDH© 2011 Outer Banks Association of Realtors®. All right reserved. The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the
North Of Chicago Suburbs Real Estate Trends - 03:35 PM
North Of Chicago Real Estate Suburban Numbers in January 2011
The snap shots below taken from MRED MLS real estate data illustrate current real estate market conditions year to date. In the real estate market category on my North Of Chicago real estate and other stuff blog there are more detailed market conditions for some of the areas in North And Northwest Chicago Suburbs.
New Members for 2011-01-04