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In order to be 'Aggressive' The seller has to be as committed as the Listing Realtor. How committed to breakfast is the chicken versus the Pig??? This is no market for chickens!!!
Aggressive marketing is pricing 5% ahead of the market and taking multiple offers!!! Keeping the price the same and expecting the Realtor to pay for more media only confirms with more people that the seller is the highest bidder on their own home!!
Feedback is crucial no matter how frank, this has to be passed to the seller asap. 'Let's wait and see' is not an aggressive marketing tactic. Virtual tours are virtual showings. If you home has not more than 10 showings or an offer in a 2 week period you market price is not aggressive enough.
It is better for a seller to have contract offers they can turn down or counter than no offers at all. Throwing money at a bad price is not aggressive!!
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This should be posted in all schools and work places
Love him or hate him, he sure hits the nail on the head with this! Bill Gates recently gave a speech at a High School about 11 things they did not and will not learn in school. He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.
Rule 1: Life is not fair - get used to it!
Rule 2 : The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.
Rule 3 : You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.
Rule 4 : If you think your teacher is tough, wait till you get a boss.
Rule 5 : Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.
Rule 6: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.
Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.
Rule 8: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.
Rule 9: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.
Rule 10: Television is NOT real life.. In real life people actually have to leave the coffee shop and go to jobs..
Rule 11: Be nice to nerds. Chances are you'll end up working for one.
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For those of you who have experienced, first hand, the painful process of a short sale, you'll be happy to know, starting April 5th 2010, this process will be streamlined. How does that effect you?
If you're considering doing a short sale, you may want to review your qualifications. This new directive will provide incentive for banks and investors to work with you on the short sale. If you qualify for this streamlined program, you will be forgiven of the deficiency, guaranteed. The paperwork involved in the eligibility, the actually applications for the short sale, will no longer be completely and utterly, ridiculously exhausting. Borrowers will be eligible for a $1500 relocation incentive to cover moving costs for the seller. I guess they figure, if you're in short sale, you have no money. How can you move if you have no money? The property will be evaluated and given a pre-approval price prior to going on the market. THIS IS HUGE!
One of the main issues with short sales is the time it takes to get them approved by a bank. On average, a particular short sale, will go through three buyers before someone will wait around long enough to get the bank to agree to the short sale. Currently, it can take nine months for this approval. Imagine if you are the borrower and you have a particular interest rate you're locked into, a tax credit deadline you're trying to meet, and life plans you're trying to fulfill. You're ready to move into your new home and the bank is taking so long that your life is on hold for nine months! Imagine if you're a homeowner and this is being reported to the credit bureau. With a 30 day, 60 day, 90 day late; the longer, the more detrimental it is to your credit. What happens when you are 270 days late because you cannot get short sale approval - the bank is taking too long? That currently is a gray area. By the way, this law also outlines how the short sale is to be reported on your credit. This new process will give approval up-front so there will be no waiting time. What a win-win this will be for sellers, buyers, and neighbors alike. Moving this inventory much quicker will help to stabilize prices.
There are so many details, I cannot possibly put them all in an email form. Contact Me today 770-949-9494 770-949-9494 or visit https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf for more information."
Ever Started something and had a funny feeling you should stop. So did these guys. Feel free to think of your own captions!!!
4x4 required
I Can't See You
Going Nowhere???
Are you Missing a Turn??
OK It Was Done On A Friday at 4pm!!!
Mind Your Head!!!!
Room Without A View!!!
Don't Be Sunning Yourself when the 4:20 to Paris Comes By???
Balcony Light, Fire Esacpe or Fireman's Pole???
Local Bank Fees on Thr Rise again
Did They Meet In THe Middle??
And the Winner Is 'Too Close For Comfort!!!!"
Market Comment - Week of March 1st, 2010
Mortgage bond prices rebounded last week pushing mortgage interest rates lower. The majority of the data came in bond friendly. Weaker than expected consumer confidence data Tuesday helped mortgage interest rates improve. The Treasury auctions showed decent foreign demand. The gross domestic product price deflator component showed a smaller price increase than expected while the consumer spending component also came in weaker than expected. Existing home sales fell a surprising 7.1%, considerably weaker than the expected 1% increase. Rates fell about 3/4 of a discount point for the week.
The employment report Friday morning will take center stage this week. Until then, look for the PCE inflation data to set the tone for the beginning of the week and the ADP employment report to set the tone for the mid portion of the week.
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Economic Factors
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Economic Indicator
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Release Date Time
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Consensus Estimate
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Analysis
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Personal Income and Outlays
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Monday, March 1, 2010
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Income up 0.4%, Outlays up 0.4%
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Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.
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PCE Price Index
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Monday, March 1, 2010
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Up 0.1%
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Important. An indication of inflationary pressures. Decreases may lead to lower rates.
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Construction Spending
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Monday, March 1, 2010
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Down 0.6%
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Low importance. An indication of economic strength. A significant decrease may lead to lower rates.
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ISM Index
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Monday, March 1, 2010
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58.0
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Important. A measure of manufacturer sentiment. A large decline may lead to lower mortgage rates.
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ADP Employment
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Wednesday, March 3, 2010
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-15k
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Important. An indication of employment. Weakness may bring lower rates.
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Fed "Beige Book"
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Wednesday, March 3, 2010
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None
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Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates.
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Revised Q4 Productivity
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Thursday, March 4, 2010
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Up 6.2%
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Important. A measure of output per hour. Improvement may lead to lower mortgage rates.
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Employment
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Friday, March 5, 2010
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Unemp. @ 9.8%, Payrolls -25k
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Very important. An increase in unemployment or a large decrease in payrolls may bring lower rates.
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Fundamental Week
The abundance of fundamental data this week provides a good opportunity for mortgages to improve. If the data shows weakness in the economy with little or no inflationary pressures then it is possible for mortgage bonds to rally resulting in mortgage interest rate decreases. However, if the data shows that the economy is rebounding or any significant signs of inflation, mortgage bonds may fall pushing mortgage interest rates higher.
Mortgage interest rates remain favorable. Now is a great time to avoid the uncertainty surrounding continued market volatility.
Looks like the market is becoming more favourable towards investors, see this great article below.
Attention Real Estate Investors:
Anti-Flipping Rule Suspended
By Evelyn Fielding
Real estate investors and house flippers all over the United States are celebrating: HUD has suspended its anti-flipping 90-day seasoning rule for a year. This means you can buy a HUD-owned home and flip it immediately to an FHA insured buyer-no need to hang on to the property (and a mortgage) for three full months, or turn FHA-insured... Read More
For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot For further information about Metro Atlanta. If you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for Metro Atlanta go to http://www.servingHotlantahomes.com
Truth........from a man the media has never been able to throw dirt on....amazing!! He has certainly hit the "world" on the head!!
Billy Graham's Prayer For Our Nation
'Heavenly Father, we come before you today to ask your forgiveness and to seek your direction and guidance... We know Your Word says, 'Woe to those who call evil good,' but that is exactly what we have done. We have lost our spiritual equilibrium and reversed our values.. We have exploited the poor and called it the lottery. We have rewarded laziness and called it welfare.. We have killed our unborn and called it choice. We have shot abortionists and called it justifiable. We have neglected to discipline our children and called it building self esteem. We have abused power and called it politics.. We have coveted our neighbor's possessions and called it ambition. We have polluted the air with profanity and pornography and called it freedom of expression. We have ridiculed the time-honored values of our forefathers and called it enlightenment. Search us, Oh God, and know our hearts today; cleanse us from every sin and Set us free.... Amen!'
What is a CDPE?
A Certified Distressed Property Expert® (CDPE) is a real estate professional with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today's market.
The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. The developers of the CDPE Designation believe that in almost all cases, the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools needed to help homeowners find the best solution for their situation.
While enduring financial difficulties is challenging for any family, the process of finding a qualified real estate professional should not be. Selecting an agent with the CDPE Designation ensures you are dealing with a professional trained to address your specific needs.
What if I can't afford my home, and owe more than it's worth?
You are not alone and foreclosure is not the only option. If your mortgage lender or servicer will not work with you to reduce your payment, you may want to consider a short sale. Agents with the Certified Distressed Property Expert® Designation have undergone extensive training in how to process and negotiate short sales.
A short sale allows you to sell your home for less than what you owe and avoid foreclosure. Speak to me to see if you may qualify.
For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot For further information about Metro Atlanta. If you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for Metro Atlanta go to http://www.servingHotlantahomes.com
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Paul Renton ABR e-Pro, CPDE
Dunwoody,
GA
More about me…
Keller Williams Realty First Atlanta
Address: 200 Glenridge Point Parkway, Suite 100, Atlanta, GA, 30342
Office Phone: (770) 949-9494
Cell Phone: (770) 309-6352
Email Me
Team Renton Local Atlanta Real Estate Blog. West Metro Atlanta and All Surrounding Areas. Your E-Pro Real Estate Professional. From In-Town to Your Town.
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