David Patterson - Columbia South Carolina Real Estate

What Does Real Estate BarCamp Mean to You?

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Sat, 07 Nov 2009 20:41:11 -0600

This is a very simple question that should provoke some diverse answers in the COMMENTS SECTION of this blog post. (Hint. Hint.)

Here is some audio of Accredited Buyer Representative Kim Wood (Remax MainLine in West Chester, PA) on an episode of The David Patterson Show. Kim is a Technology Tools Trainer and Social Media Coach with TheTechByte.com

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Thanks in Advance for your responses!

Social Media Superstar @kimwood on The David Patterson Show

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Wed, 04 Nov 2009 08:39:53 -0600

Through social media, I've been humbled to meet some of the most brilliant minds in the real estate industry. These experiences lead me to experience a burning desire to focus an episode of The David Patterson Show on Social Media's Impact on The Real Estate Industry.

I was fortunate to have Accredited Buyer Representative Kim Wood (Remax MainLine in West Chester, PA) as my Guest Expert on the November 1, 2009 edition of my show.

Kim is a Technology Tools Trainer and Social Media Coach with TheTechByte.com

@kimwood is an active blogger and well-known participant in the Social Media Movement.

Listen to Kim's thoughts about Social Media.

The 12 most annoying types of Facebookers

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Fri, 23 Oct 2009 21:29:36 -0500

Les Sherman with Remax in Austin, Texas shares some humorous thoughts about the world of Facebook. It's a must read. Do you see some of yourself in this post? I did!

Via Les Sherman, ABR, CRS, CNE (Re/Max Austin Associates):

(CNN) -- Facebook, for better or worse, is like being at a big party with all your friends, family, acquaintances and co-workers.

Facebook can be a great tool, and an occasional annoyance. What kind of Facebooker are you?

There are lots of fun, interesting people you're happy to talk to when they stroll up. Then there are the other people, the ones who make you cringe when you see them coming. This article is about those people.

Sure, Facebook can be a great tool for keeping up with folks who are important to you. Take the status update, the 160-character message that users post in response to the question, "What's on your mind?" An artful, witty or newsy status update is a pleasure -- a real-time, tiny window into a friend's life.

But far more posts read like navel-gazing diary entries, or worse, spam. A recent study categorized 40 percent of Twitter tweets as "pointless babble," and it wouldn't be surprising if updates on Facebook, still a fast-growing social network, break down in a similar way.

Combine dull status updates with shameless self-promoters, "friend-padders" and that friend of a friend who sends you quizzes every day, and Facebook becomes a daily reminder of why some people can get on your nerves.

Here are 12 of the most annoying types of Facebook users:

The Let-Me-Tell-You-Every-Detail-of-My-Day Bore. "I'm waking up." "I had Wheaties for breakfast." "I'm bored at work." "I'm stuck in traffic." You're kidding! How fascinating! No moment is too mundane for some people to broadcast unsolicited to the world. Just because you have 432 Facebook friends doesn't mean we all want to know when you're waiting for the bus.

The Self-Promoter. OK, so we've probably all posted at least once about some achievement. And sure, maybe your friends really do want to read the fascinating article you wrote about beet farming. But when almost EVERY update is a link to your blog, your poetry reading, your 10k results or your art show, you sound like a bragger or a self-centered careerist.

The Friend-Padder. The average Facebook user has 120 friends on the site. Schmoozers and social butterflies -- you know, the ones who make lifelong pals on the subway -- might reasonably have 300 or 400. But 1,000 "friends?" Unless you're George Clooney or just won the lottery, no one has that many. That's just showing off.

The Town Crier. "Michael Jackson is dead!!!" You heard it from me first! Me, and the 213,000 other people who all saw it on TMZ. These Matt Drudge wannabes are the reason many of us learn of breaking news not from TV or news sites but from online social networks. In their rush to trumpet the news, these people also spread rumors, half-truths and innuendo. No, Jeff Goldblum did not plunge to his death from a New Zealand cliff.

The TMIer. "Brad is heading to Walgreens to buy something for these pesky hemorrhoids." Boundaries of privacy and decorum don't seem to exist for these too-much-information updaters, who unabashedly offer up details about their sex lives, marital troubles and bodily functions. Thanks for sharing.

The Bad Grammarian. "So sad about Fara Fauset but Im so gladd its friday yippe". Yes, I know the punctuation rules are different in the digital world. And, no, no one likes a spelling-Nazi schoolmarm. But you sound like a moron.

The Sympathy-Baiter. "Barbara is feeling sad today." "Man, am I glad that's over." "Jim could really use some good news about now." Like anglers hunting for fish, these sad sacks cast out their hooks -- baited with vague tales of woe -- in the hopes of landing concerned responses. Genuine bad news is one thing, but these manipulative posts are just pleas for attention.

The Lurker. The Peeping Toms of Facebook, these voyeurs are too cautious, or maybe too lazy, to update their status or write on your wall. But once in a while, you'll be talking to them and they'll mention something you posted, so you know they're on your page, hiding in the shadows. It's just a little creepy.

The Crank. These curmudgeons, like the trolls who spew hate in blog comments, never met something they couldn't complain about. "Carl isn't really that impressed with idiots who don't realize how idiotic they are." [Actual status update.] Keep spreading the love.

The Paparazzo. Ever visit your Facebook page and discover that someone's posted a photo of you from last weekend's party -- a photo you didn't authorize and haven't even seen? You'd really rather not have to explain to your mom why you were leering like a drunken hyena and French-kissing a bottle of Jagermeister.

The Obscurist. "If not now then when?" "You'll see..." "Grist for the mill." "John is, small world." "Dave thought he was immune, but no. No, he is not." [Actual status updates, all.] Sorry, but you're not being mysterious -- just nonsensical.

The Chronic Inviter. "Support my cause. Sign my petition. Play Mafia Wars with me. Which 'Star Trek' character are you? Here are the 'Top 5 cars I have personally owned.' Here are '25 Things About Me.' Here's a drink. What drink are you? We're related! I took the 'What President Are You?' quiz and found out I'm Millard Fillmore! What president are you?"

You probably mean well, but stop. Just stop. I don't care what president I am -- can't we simply be friends? Now excuse me while I go post the link to this story on my Facebook page.

Full Story

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Twitter is a Marathon......... Longer Than A Tweet

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Sat, 25 Jul 2009 16:24:01 -0500

At times, ActiveRain can be a very inspiring online social media network.

Here is a case in point.

While purging some "inactive bloggers" from my subscription list, I came across the musings of Tina Allen. Tina seemed a little overwhelmed and discouraged by her Twitter experience.

"I hate to just give up, but, I'm lagging so far behind with this twittering, I don't think I can catch up."

Hey Tina! Be of good courage... I have some good news for you!

Twittering is like a Marathon... Steady persistence wins the race.

In my opinion, the use of all Online Social Media tools shouldn't be viewed as a "sprint".

It can take 6 - 18 months to build a viable, consistent online presence through these tools.

Without question, Twitter is an excellent way to build a diverse and profitable Lead Generation Database. REMEMBER.......... You are in the LEAD GENERATION BUSINESS.

If you don't have leads..... YOU HAVE NO BUSINESS!

Who do I "tweet"? Everyone! However, I have a core group of "followers". These are the individuals that would..... 'know me, like me and trust me.... and would send referrals to me'.

These "tweeples" have helped me to build a national presence that has lead to being interviewed by national publications.

My Twitter success has led to speaking/training engagements within the Keller Williams Carolinas Region.

There should be a balance between "everyday stuff" and "real estate specific content".

My first goal in Twitter is to build my professional credibility. I share my blog posts. I share my listing. I update my "followers" on my teaching schedule. These "tweets" will let my "followers" know about my involvement and success in the real estate industry.

Do I share "everyday stuff? ABSOLUTELY! It's important to connect with "followers". If they don't like you, the chances of receiving a referral from your "followers" are slim.

Keep your head in the game Tina.

Pursue Twitter success with the same passion as your pursuit of ActiveRain success.

YOU WILL SEE RESULTS!

Understanding and Using All of Your First Time Home Buyer Options

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Tue, 14 Jul 2009 04:11:15 -0500

In my opinion, Steve Kappre is one of the Mortgage Industry Leaders in the ActiveRain network. Since the current deadline to obtain an $8000 Tax Credit is December 1, 2009, First Time Home Buyers need to have their real estate transaction closed within the next four months.

Attention First Time Home Buyers.......... Do you know all of your options?

If not............ READ STEVE'S ARTICLE!

Steve Kappre is a Mortgage Planner with Treasury Mortgage. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

• Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

Via Steve Kappre, Gloucester County, NJ Loan Officer/Mortgage Planner - 856.419.3561 (Treasury Mortgage):

With all the excitement of the first time home buyer tax credit, buyers often get confused and miss out on other important options.

As a first time buyer, don't let the excitement of the $8,000 tax credit cause you to miss out on many other home buying options. It isn't uncommon for a buyer to confuse the federal tax credit with seller credits, down payment assistance, or first time home buyer grants.

First time home buyers have many options. Utilizing one option does not hold a buyer back from utilizing one or more other options allowed to them as a first time home buyer. This article is written not to go into great depth on each option, but to help you realize the different options available as a first time home buyer and how to utilize each/all of these options.

Read on to understand some common terms and how to take advantage of each option.

Tax Credit

The federal tax credit is the (up to) $8,000 incentive that everyone is talking about. Most home buyers that haven't owned a home in the last 3 years will qualify for this. In general, this credit is realized as a credit for you when you complete your taxes in the spring of 2009 (for 2008's income).

For example, if you would have normally received $2,000 back after completing your 2009 tax returns, the tax credit would add an additional $8,000, to make your total amount received $10,000. For additional information and guidelines, go directly to First-Time Home Buyer Credit: Answers.

Seller Credit (Seller Concessions)

A seller credit, better known as seller concessions, is a scenario when the seller agrees to pay a certain amount of your settlement costs. The seller may pay a percentage, such as 2, 3, or 6% of the purchase price, or they may pay a dollar amount, such as $2,500 or $5,000.

For more information on understanding seller concessions visit Understanding Seller Concessions | Seller Paid Closing Costs | Seller Contributions | Seller Assist.

Grants for First Time Home Buyers

Many people miss out on first time home buyer grant options. Once a buyer hears about the $8,000 tax credit, they sometimes go deaf to other options, either out of excitement or because they don't realize they can utilize more than one option.

A grant is a program often issued by a county or state that offers funds to the home buyer for the purchase of a home. Either a flat dollar amount or a percentage of the loan amount is used to calculate the funds offered. A typical grant percentage would be 2, 3, or 4% of the loan amount. For instance, 4% of a loan amount of $100,000 would give you a $4,000 grant.

Grants can be utilized for down payment requirements and/or to pay for closing costs. Depending on the purchase price and the grant selected, a grant can sometimes even cover all requirements the buyer has concerning both the down payment requirement and closing costs.

Down Payment Assistance

As of the date of this article, down payment assistance in the traditional sense is not available.Down payment assistance programs (DAPs) were an option where the seller would indirectly give a buyer the money needed for down payment requirements. These transactions in general had a higher default rate then most, therefore this option is no longer available. Examples were the Nehemiah program or the Genesis program. There is a movement to reinstate these programs. The mentioning of DAPs here is simply to help you differentiate and not confuse them with other options.

How to Utilize More Than One First-Time Home Buyer Option

Here's where the rubber meets the road. A common example of utilizing all of the above options is as follows:

Buyer meets with grant official or loan officer for qualification requirements pertaining to a specific grant option. In our example the buyer will use an FHA mortgage, which requires a 3.5% (of the purchase price) down payment. The purchase price is $100,000, therefore the down payment requirement for this would be $3,500.

Loan officer and buyer determine that the use of a 4% grant would be the wisest choice. Since the down payment requirement is $3,500, the financed amount will be $96,500 ($100,000 - $3,500). Based off of $96,500, a 4% grant would be $3,860 (loan amount x 4%, or $96,500 x .04)). Compare the grant amount with the buyer's down payment requirement of $3,500, and the grant amount is $360 more than the required down payment amount. This type of grant covers the down payment requirements and some additional funds to be applied towards the closing costs.

Assuming closing costs are $5,000, here is how you can determine what to request from the seller to get the closing costs paid as well. We can subtract the extra money left over from the grant, in this case $360, from $5,000. Our sum is $4,640. FHA requirements allow the seller to pay up to 6% of the buyer's closing costs. We don't need all 6% (or $6,000), we only need $4,640 from the seller. So when the purchase of the home is negotiated, the buyer's agent negotiates with the seller's agent that the seller will agree to pay $4,640 towards the buyers settlement fees/closing costs.

Buyer goes to settlement needing $0 to close, and in fact they will get back the money already deposited with the real estate agent and lender.

Lastly, the buyer can still maximize the use of the federal tax credit and receive their $8,000 after filing their 2009 tax returns.

All-in-all, in our scenario the home buyer will receive $16,500 for purchasing a home ($3,860 grant + $4,640 seller's concessions + $8,000 tax credit). The buyer is able to utilize three separate home buying options and in the end, still have their own money in the bank, which will then get boosted in several months by the $8,000 tax credit. Now THAT is the kind of lending and buyer representation that creates solid, well founded home owners, which is exactly what we all desire.

By working with knowledgeable professionals, you can utilize multiple buyer options to make your home buying experience an amazing event!

If you would like more information, as a buyer, seller, real estate agent, real estate office, financial planner, college or other party, feel free to contact Steve Kappre directly on his cell at 856-419-3561 or via e-mail at steve@stevekappre.com.

Steve Kappre is a Mortgage Planner with Treasury Mortgage. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

• Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

Absorption Rates and How it Affects Sellers

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Tue, 30 Jun 2009 12:49:07 -0500

Are you having trouble getting buyers to visit your home?

One reason could be how you arrived at your listing price.

Did you and/or your real estate agent discuss Absorption Rates before pricing the home?

What?..............

You are unfamiliar with the term Absorption Rate.

Christine McInerney & Jennifer Halinkowski are two of my fellow KW Associates at one of the newest Keller Williams Market Centers in Knoxville, TN. They have done an excellent job (below) of simplifying the Absorption Rate equation.

Via Christine McInerney & Jennifer Halinkowski, Knoxville Real Estate (Keller Williams Realty):

Having two small children and several rescue animals I know how important the concept of absorption is- I need highly absorbent paper towel and napkins to clean up all their spills (they inherited their clumsiness from me). I also know that kids absorb information quickly so you need to be careful what you say around them because sometimes they absorb the "wrong" thing.

The concept of "absorption" is even more important in my career as a full time Realtor. Before, I ever put a home on the market I always calculate the absorption rate. Absorption rate is a concept and practice that is often over looked by many Realtors and lack of knowledge can lead to expired listings which everyone know is no good- it hurts the Seller, the Realtor, and can lead to poor sales results in an area.

So what is the absorption rate?

Just like the name applies, the absorption rate is a calculated estimate, based on current and past market trends, that determines how long it will take for Buyers to absorb (aka buy) the current inventory in a given area.

So what does this number tell you?

As a Realtor, I often have Sellers ask me how long I think it will take to sell their house. While I do not have a crystal ball or the ability to see into the future, the absorption rate can allow me to make an educated estimate of how long it will take for a home to sell based on the number of comparable homes on the market and the number of closed homes in a given time period.

The absorption rate follows the simple law of supply and demand. If an market area has 46 similar homes on the market and only 5 comparable home sold the past month that are has a current absorption rate of 9.2 months. In other words there is 9.2 months of inventory. Therefore if a Seller "needed" to sell within 3 months they better make sure that their price and condition were better than that of the competition.

Selling real estate is not about guessing- it is both a science and an art. Because both Jennifer and myself have advanced science degrees we thoroughly research market areas both before and during our listing periods as good knowledge of the market is critical in selling a home and allowing Sellers to get the most money out of their homes and to sell in the shortest period of time.

Interested in Selling your Knoxville TN home contact Christine and Jennifer today. We provide a free no obligation Compartative Market Anaylsis and detailed Market report.

Instantly search for more homes for sale in the Knoxville TN and surrounding areas now!
www.HomesForSaleKnoxville.com

Visit Christine McInerney and Jennifer Halinkowski with Southland GMAC Real Estate on-line at:
www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate.com
Office: (865) 237-5289
Christine (865) 237-5289 and Jennifer (865) 621-3658
Mail to: McIn-Kowski@HomesForSaleKnoxville.com

Instantly Search For All Knoxville, TN Homes , Condos , and land For Sale!!

Mythunderstandings of and $8000 for First Time Home Buyers

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Thu, 11 Jun 2009 14:59:20 -0500

On the June 7, 2009 edition of The David Patterson Show, Samantha Taylor with Russell and Jeffcoat Realtors and I discussed the May 29, 2009, The United States Department of Housing and Urban Development Mortgagee Letter 2009-15 ("Using First-Time Homebuyer Tax Credits")

In relation to The American Recovery and Reinvestment Act of 2009, first-time homebuyers WITH THE RIGHT LENDING PARTNER might have an opportunity to obtain $8000 at the closing table for down payment assistance, closing costs and/or prepaid expenses.

We also discussed MYTHunderstandings of first time home buyers. If you are a first time home buyer and want to take advantage of low interest rates, tax credits and lower home prices, TODAY IS THE DAY to start your home buying process.

Do you really understand the current real estate market? Are you truly prepared to make the best purchase? Listen to this podcast for the answer.

First-Time Buyers COULD Receive $8000 in Down Payment Assistance

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Fri, 05 Jun 2009 14:01:38 -0500

On May 29, 2009, The United States Department of Housing and Urban Development released Mortgagee Letter 2009-15. "Using First-Time Homebuyer Tax Credits" was the subject of this opportunistic letter. In relation to The American Recovery and Reinvestment Act of 2009, first-time homebuyers might have an opportunity to obtain $8000 at the closing table for down payment assistance, closing costs and/or prepaid expenses.

Here is a direct quote from a section of that letter ---

II. FHA Tax Credit Guidance

Secondary Financing

Consistent with existing FHA policy, FHA will permit entities covered by Section 528 of the National Housing Act to use the current authority to offer tax credit advances with second liens in a manner consistent with the requirements in 12 U.S.C. 1709(b)(9). Eligible government agencies and instrumentalities of government are described in handbook HUD-4155.1 5.C3 and 5.C4.

Conditions:

The tax credit advance when combined with the FHA-insured first mortgage may not result in cash back to the borrower.
The second lien may not exceed the total amount needed for the down payment, closing costs, and prepaid expenses.
Secondary financing may be "soft" (silent) or require a monthly repayment.

If payments are required, they must be included within the qualifying ratios and, when combined with the first mortgage, cannot exceed the borrower's reasonable ability to pay.

Payments must be deferred for at least 36 months to not be included in the qualifying ratios.

If the tax credit advance loan has a short term for repayment, it must also provide that if the borrower fails to repay by the designated deadline, principal and interest payments begin automatically or the loan converts to a "soft" second.
The secondary financing may not require a balloon payment before ten years.

Are you looking to purchase your first home? Do you want $8,000 in assistance?

From Honolulu to Hoboken, I can help with your real estate purchase process.

Give me a call TODAY!

The David Patterson Show Welcomes New Team Leader Padalino

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Thu, 04 Jun 2009 15:01:18 -0500

".....life is simply a matter of priorities. Your future is based on the choices you make today." - Terry Padalino

As a leading real estate professional, Terry Padalino specialized in turning clients' dreams into reality throughout the Lake Murray, Columbia and Lexington, South Carolina areas. Padalino has the knowledge, insight and sphere of influence necessary to help valued clientele succeed in this competitive marketplace.

Since January 1, 2002*, there are ONLY TWO agents that have more Consolidted MLS SOLD VOLUME than Terry Padalino.

On June 1, Terry Padalino became the new Team Leader at the Keller Williams Columbia, SC Market Center.

Who is Terry Padalino?

Why did he choose Keller Williams?

Why become a Team Leader?

Why is Terry's Big Why?

Should anyone consider the start of a real estate career during these times?

What is a real estate professional?

For answers to these and other questions, listen to this podcast of The David Patterson Show.

Part One - Powered by Podbean.com

Part Two - Powered by Podbean.com

Fear and Its Impact on You and Your Business

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Mon, 25 May 2009 06:45:00 -0500

Does fear play a dominant role in your life? Most real estate professionals believe that fear has made a significant impact on the current economic climate and local real estate markets throughout the country.

With decreased home prices, the $8,000 tax credit and interest rates hovering at record lows, these are very "buyer friendly" times in the real estate market. Unfortunately, a climate of fear is causing first-time home buyers to become paralyzed and miss moments of great opportunity.

What role does/should fear play in your life? How can you conquer fear? What does it take for you to move from paralysis to power? Spencer Combs is a NLP Master Practitioner, licensed Life and Busincess Coach and specializes in creating massive progress in a short period of time.

Spencer shared his thoughts on these and many other questions on this The David Patterson Show podcast.

Part One -- Powered by Podbean.com

Part Two -- Powered by Podbean.com

Keller Williams Columbia Collects TONS for Harvest Hope Food Bank

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Tue, 19 May 2009 13:51:19 -0500

On May 14, 2009, Keller Williams Realty Associates throughout North America accepted the challenge of actively engaging in a coordinated effort to improve local communities. In recognition of her constant commitment to KW Culture, May 14 was named RED (Renew, Energize and Donate) Day in honor of our Vice Chairman, Mo Anderson.

In Columbia, South Carolina, several Keller Williams Associates partnered with Food From The Heart and stood in front of groceries stores for ten hours to collect food for Harvest Hope Food Bank in an effort to assist in their mission of sharing quality food with dignity, compassion and education.

On RED DAY 2009, Keller Williams Columbia Associates were able to collect approximately 6,600 pounds of food for those in need throughout the Metropolitan Columbia SC area.

Thanks to Kroger, Piggly Wiggly AND MOST IMPORTANTLY.....

THANKS TO COLUMBIA for donating money, rice, beans, cereals, diapers, medicine, canned goods and personal hygiene products in your lovely red bags! YOUR CONTRIBUTIONS ARE GREATLY APPRECIATED!

To volunteer for the next Food Drive, contact Food From The Heart!

3620 Pelham Road, Suite 175 Greenville, South Carolina 29615 Tel: (888) 756-3617 Fax: (864) 751-5292 Email: serve@foodfromtheheart.org

Financial Synergy Home Buying on The David Patterson Show

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Wed, 13 May 2009 18:53:51 -0500

On the Mother's Day Edition of The David Patterson Show, one of my favorite mothers took time from "her holiday" to share some knowledge with us. Karen Jenkins is the President and Chief Executive Officer of Integrated Financial Services in Columbia, SC.

Integrated Financial Services, LLC (IFS) is a full-service mortgage brokerage firm. With over 45 years of combined mortgage experience, IFS are dedicated to providing high quality customer service and support to our clients with mortgage financing needs.

What is Karen's Recommended First Step in the home buying process?

How can you purchase a home that stays within your financial synergy?

Should we use "clear credit" companies to aid in bringing financial synergy to our lives?

Please listen to the TWO-PART podcast for answers to these questions.......

......and Remember.......... You can..........

LISTEN LIVE ON SUNDAYS BY CLICKING THIS LINK. (Link should be active on Sunday by 12:30pm EDT).

Visit The David Patterson Show Blog for past shows!

You can Become A Fan of our show on Facebook.

(Search - The David Patterson Show)

Follow Us on Twitter: @thedpshow2009

Thanks for listening and your support!

Kids Bowl Free all across the USA

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Mon, 11 May 2009 12:18:36 -0500

Via DeAndrea "Dee Dee" Jones The Hampton Roads Real Estate Lady! (Wainwright Real Estate):

AMF bowling centers is offering a great free deal.

Kids under the age of 15 can bowl 2 free games EVERYDAY, ALL SUMMER LONG. With the price of bowling this is a great offer.

You can also buy and adult pass good for 4 people for $23.95.

Select a bowling center near you.

Register directly on the bowling center page (The registration is valid only at the bowling center where you register and cannot be used at any other bowling center unless otherwise noted.)

For more details visit http://www.kidsbowlfree.com/amf.php

This info brought to you by the Hampton Roads Real Estate Lady Dee Dee Jones

USDA Loans - The Rural Housing Loan - The Basics

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Thu, 07 May 2009 08:07:16 -0500

Are you looking for a 100% Financing Mortgage and don't qualify for VA Loan?

You should really consider the USDA/Rural Housing Loan.

Here's Jeff Belonger with the details!

Via Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages - USDA loans (Infinity Home Mortgage Company, Inc):

USDA loans in many areas are becoming more popular, yet many loan officers still don't know much about them, hence why they still aren't talked about much. Just as FHA loansweren't used as much as they should have from 2000 - 2006, because subprime and some conventional loans were easier for the loan officer to give to the consumer, even though it might not have been the best loan for them. I am sure in some cases, FHA loans are given before the USDA loan because of the lack of education on the loan officers part.... just my .02.

Some great benefits that USDA loans offer -

It's one of only two types of mortgages that offer real 100% financing, with no money down on the property. The other would be VA loans.

Just because it says rural development doesn't mean farm land or properties that are miles apart from each other. Ask your loan officer if your property that you are looking to purchase might fit into the property location guidelines.

There is no monthly mortgage insurance, even with zero down payment. The only other mortgage like this, again, VA loans.

There is no seller contribution limit, just as in FHA loans, to where the seller can contribute up to 6%. It's look upon as reasonable closing costs. And keep in mind, each state has their own limits to what a lender can make anyhow, usually falling under section 32.

100% of the closing costs can be gifted.

The loan amount can include closing costs and repairs up to the appraised value. (call me or e-mail me for more of an explanation)

Credit scores of 580 and below are highly scrutinized by USDA. There are many things that need to be looked upon. Scores from 620 and above meet the normal credit standards and get an automatic credit waiver on such things as explaining derogatory credit and rental verifications.

Normal qualifying income ratios are 29%/41%. You can exceed these ratios if you have scores above 660 and you don't have to apply for a debt-to-income waiver. Those below 660, you have to have compensating factors and apply for an income ratio waiver.

There are income restrictions, yet as of April 20th, 2009, there will be new income limits for the better. Basically the 4 person income limits will now be for 1 person income limits.

One important thing to remember, you can't have an in-ground swimming pool if you are using USDA that came from the 2009 stimulus bill. If it's the normal USDA monies allocated yearly, then it's okay, but you need to check on this with your lender.

IMPORTANT - These are USDA's guidelines, yet lenders can after overlays, to where they might be more critical on credit scores or debt-to-income ratios. Please keep this in mind.

- FHA Loans - USDA Loans - VA Loans -

- Energy Efficient Mortgages -

- Conventional Loans - 203 k loans -

- Mortgages -

Experience & Knowledge at its BEST !!!

_________________________________________________________________________________________

For more information on FHA loans, please go to this link. The FHA Expert

For more information about the 2009 Tax Credit for First Time Homebuyers : 2009 Tax Credit

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags !!!!

Copyright © 2009 by Jeff Belonger

Thanks to ActiveRain Veteran Regina P. Brown for Sharing Her Knowledge on The David Patterson Show

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Tue, 05 May 2009 07:20:06 -0500

Streets, Curb Appeal, Occupancy Rates, "Green Space", Stigmas, Neighboring Business and Environment are key factors that should be considered during the process of purchasing a home.

This is the mindset of Regina P. Brown. Regina is a successful real estate Broker and e-Pro® Realtor who has earned dual degrees in Real Estate and Small Business Administration. She has owned and operated an award-winning real estate brokerage on the California coast for over 15 years.

This May 3, 2009 Podcast of The David Patterson Show features Regina and her thoughts on How to Evaluate a Good Neighborhood when Buying a House.

PART ONE -

PART TWO -

Regina P. Brown to Appear on The David Patterson Show

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Sat, 02 May 2009 19:31:55 -0500

After a road trip to Peach Grove Villas, The David Patterson Show returns to the WOIC Studios.

This week's Expert Guest is ActiveRain Veteran, Author & CA Broker Regina P. Brown.

Her passion has been helping families create a legacy through financial education. She offers real estate seminars and private buyer consultations.

Regina will be discussing Neighborhood Evaluation and the pros and cons of purchasing a home through a short sale transaction.

LISTEN LIVE BY CLICKING THIS LINK. (Link should be active on Sunday by 12:30pm EDT).

Visit The David Patterson Show Blog for past shows!

You can Become A Fan of our show on Facebook.

(Search -- The David Patterson Show)

Follow Us on Twitter: @thedpshow2009

Thanks for listening and your support!

The David Patterson Show Thanks ActiveRain and Marcie Purcell

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Mon, 20 Apr 2009 18:18:35 -0500

During yesterday's edition of The David Patterson Show, six-year real estate sales veteran Marcie Purcell with Long & Foster Real Estate, Inc. in Doylestown, PA shared her personal and professional knowledge on how to "...Become A Great Buyer in a Buyers' Market..."

Purcell specializes in first time home buying throughout Bucks, Montgomery, Berks, Northampton, Lehigh, and Philadelphia Counties in Pennsylvania.

Without the ActiveRain community, Marcie and I might not have been afforded the opportunity to meet and share with you the April 19, 2009 Podcast of The David Patterson Show.

Thanks Marcie for sharing your time, knowledge and experiences.

I wish you good health, happiness and prosperity throughout your real estate career.

PLEASE NOTE...........

The David Patterson Show airs LIVE from the WOIC 1230AM Studios on SUNDAY @ 1PM.

LISTEN LIVE BY CLICKING THIS LINK. (Link should be active on Sunday by 12:30pm EDT).

Visit The David Patterson Show Blog for audio from past shows!

You can Become A Fan of our show on Facebook. (Search -- The David Patterson Show)

Thanks for listening and your support!

The Five Stages of Home Seller Grief in A Buyers' Market

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Thu, 16 Apr 2009 22:57:42 -0500

DENIAL!

ANGER!

BARGAINING!

DEPRESSION!

ACCEPTANCE!

The Second Edition of The David Patterson Show discussed challenges that are experienced by home sellers in the current real estate market.

PART ONE of the Podcast is embedded in this post. --- CLICK HERE FOR PART TWO ---

--- CLICK HERE TO LISTEN LIVE ON SUNDAYS AT 1PM EDT ---

For more information on Home Seller Grief, please feel free to visit Miriam Bernstein's blog post.

5 Stages of Home Seller Grief in A Buyers' Market - Part 2

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Thu, 16 Apr 2009 22:45:03 -0500

DENIAL!

ANGER!

BARGAINING!

DEPRESSION!

ACCEPTANCE!

The Second Edition of The David Patterson Show discussed challenges that are experienced by home sellers in the current real estate market.

PART TWO of the Podcast is embedded in this post.

--- CLICK HERE TO LISTEN LIVE ON SUNDAYS AT 1PM EDT ---

For more information on Home Seller Grief, please feel free to visit Miriam Bernstein's blog post.

Let's Talk Eggs, Coffee and Carrots!

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Wed, 15 Apr 2009 08:45:45 -0500

Keller Williams Columbia SC Team Leader Terry Rainer shared this story with us in a Team Meeting. After that meeting, I wrote three words on my infamous whiteboard.

EGG -- CARROT -- COFFEE

I "re-blog" this Janice Roosevelt post in gratitude for the efforts of Terry Rainer and all the other Keller Williams Team Leaders that work to make our organization the greatest in real estate industry history.

Via Janice Roosevelt,Ecobroker, ABR, e-PRO - Matt F (Matt Fetick Real Estate Team - Keller Williams Real Estate -):

A young man went to his mother and told her about his life and how  things were so hard for him. He didn't not know how he was going to make it and wanted to give up,.

His mother took him to the kitchen and filled three pots with water and  placed each on a high fire.

Soon the pots came to boil.

In the first she placed carrots,

                          in the second she placed eggs,

                                            and in the last she placed  ground coffee beans.

She let them sit and boil; without saying a word.

In about twenty minutes she turned off the burners. She fished the carrots out and placed them in a bowl. She pulled the eggs out and placed them in a bowl.Then she ladled the coffee out and placed it in a bowl.

Turning to her son, she asked, ' Tell me what you see.'  'Carrots, eggs, and coffee,' he replied.

His mother asked him to feel the carrots. he did and noted that they were soft.

The mother then asked the son to take an egg and break it. After pulling off the shell, he observed the hard  boiled egg.

Finally, the mother asked the son to sip the coffee. The son  smiled as he tasted its rich aroma.

The son then asked, 'What does  it mean, mother?'

His mother explained that each of these objects had faced the same  adversity: boiling water.

Each reacted differently. The carrot went in strong, hard, and unrelenting. However, after being subjected to the  boiling water, it softened and became weak

The egg had been fragile. Its thin outer shell had protected its liquid interior, but after sitting through the boiling water, its inside became hardened.

The ground coffee  beans were unique, however. After they were in the boiling water, they had changed the water.

'Which are you?' she asked her son. 'When adversity knocks on your door, how do you respond? Are you a carrot, an egg or a coffee bean?

Think of this: Which am I? Am I the carrot that seems strong, but with pain and adversity do I wilt and become soft and lose my strength?

Am I the egg that starts with a malleable heart, but changes with the heat? Did I have a fluid spirit, but after a death, a breakup, a financial hardship or some other trial, have I become hardened and stiff?
Does my shell look the same, but on the inside am I bitter and tough with a stiff spirit and hardened heart?

Or am I like the coffee bean? The bean actually changes the hot water, the very circumstance that brings the pain. When the water gets hot, it releases the fragrance and flavor. If you are like the bean, when things are at their worst, you get better and change the situation around you. When the hour is the darkest and trials are their greatest do you elevate yourself to another level? How do you handle adversity?

May you have enough happiness to make you sweet, enough trials to make  you strong, enough sorrow to keep you human and enough hope to make you happy.

The happiest of people don't necessarily have the best of everything;  they just make the most of everything that comes along their way. The  brightest future will always be based on a forgotten past; you can't go  forward in life until you let go of your past failures and heartaches.

When you were born, you were crying and everyone around you was smiling.

Live your life so at the end, you're the one who is smiling and make everyone  around you smile.

May we all be COFFEE!!!!!

Temporary Street Signs - Essential or Eyesore?

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Mon, 06 Apr 2009 11:11:57 -0500

Do small signs at intersections or on road shoulders enhance your lead generation efforts?

If the answer is YES......... You might want to read this story.

The Richland County Appearance Commission is a beautification advocacy group that seeks to improve and enhance the overall appearance of Richland County (Columbia, SC).

What is their view of the small, temporary signs?

STREET SPAM!

"These signs are blights on our community," said Olde Woodlands resident Doug Currier.

"They are key to our business," countered Lake Carolina developer David Tuttle.

By a 6-4 vote, The Richland County Council agreed with The Appearance Commission and plans to start removing and destroying signs.

Should small, temporary road signs be banned or legalized?

The next meeting on this issue is currently scheduled for April 7.

Regardless your position......... Let your voice be heard.

You can comment on this post or attend Tuesday's meeting.

"A Foreclosure is A Foreclosure" -- David Patterson Keller Williams Columbia SC

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Thu, 02 Apr 2009 07:32:48 -0500

Over the last 18 months, I've come to value the opinions of The ActiveRain Community. As some of you know, I will be hosting The David Patterson Show on Sundays at 1PM EDT.

YES......... You can LISTEN ONLINE BY CLICKING THIS LINK.

(Follow @thedpshow2009 and JOIN MY FACEBOOK FAN PAGE -- The David Patterson Show.

Send ON-AIR messages to radio@davidpatterson.net

My show is going to address a wide range of real estate topics and attempt to challenge the status-quo of real estate and current consumer confidence.

I was asked a question about the foreclosure crisis. I gave a very unscripted answer. I'd love to have your opinion on my remarks.

The Most Common Question Asked By First Time Home Buyers

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Tue, 31 Mar 2009 08:39:55 -0500

"What is the first step in the process of purchasing a home?"

This is the most common question asked of me by first time home buyers.

My answer is always the same. (watch the video)

Have you seen the commercial with a man sitting at his kitchen table while on the phone with his doctor? The doctor starts by saying.........

"Hey Bob...... have you disinfected the area?...Good....Now make a three-inch incision between the fourth and fifth abdominal muscles." The worried-looking man on the other end of the phone stares at the knife and says.........."Shouldn't you be doing this?"

"It's really straightforward. Listen, I gotta go. I'll talk to you later."

The doctor hangs up the telephone and leaves this poor guy to his own devises.

Most of you would say....this is an unrealistic commercial. No one would make an attempt to perform that act. Literally, I would agree with that statement. However, let's dig a little deeper into that state of mind.

If we had termites or some other serious infestation, wouldn't we hire a pest company to treat the home? If we had a plumbing leak behind our clothes washer that caused water to seep into the walls (personal experience), wouldn't we hire a plumber?

Not only would we hire these professionals. We'd even agree to pay their fee. Consider this. There are several first time homebuyers shopping for homes while sitting at their computer with a knife in their hands.

Dr. Gene Garris makes great points in the video. NO ONE LIKES REWORK! Unfortunately, the wrong purchase could lead to thousands of lost dollars in repairs and home equity.

There are several aspects to buying a home. If you are a first time homebuyer.......

YOU SHOULD NOT BE WORKING ALONE!

FROM HONOLULU TO HOBOKEN.... I can help you find the right professional. CALL TODAY!

Happy Birthday to My First TRUE LOVE --- Hazel Patterson!

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Sat, 28 Mar 2009 08:12:58 -0500

March 28 is a very special day on my annual calendar.

On this date 59 years ago, Hazel A. Smith was born to a coal mining family in West Virginia. She became the 14^th of 15 children that would be born to William and Sallie Smith.

About 18 years after her birth, Hazel decided to attend West Virginia State College (now known as a university). While attending college, she met a charismatic man named S. Benjamin Patterson. On March 28, 1970, they decided to exchange vows.

After spending some quality time together as husband and wife, January 13, 1972 crosses the calendar. About 11:17am on that day, David Anthony Patterson was born.

By now, you know that Hazel (Smith) Patterson is my mother.

TODAY IS HER BIRTHDAY!

My mother is famous for her lesson on PREPOSITIONS.

Preposition - (Hazel Patterson definition) Anything a squirrel can do to a tree that is not vulgar.

Chew on that one for awhile.

I will share her advice to me with you..........

'I don't care about your career numbers or the money made....Just be a decent person!'

In the days and times, that statement should have a profound impact on all of our lives.

I love ya momma! Happy Birthday!

Another Patterson Appearance on WOIC 1230AM - Saturday at 10:05AM EDT

Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) — Wed, 25 Mar 2009 15:54:42 -0500

On Saturday (March 28, 2009), please tune into The Charles Campbell Show that will air live from Columbia, South Carolina. Dr. Campbell presents news, views, guests and information that is unique to his radio broadcast. Dr. Campbell is an award-winning journalist, foreign correspondent and syndicated columnist. Dr. Campbell's SCHEDULED GUESTS include another appearance by David Patterson.

CLICK HERE FOR LIVE STREAM OF DR. CAMPBELL'S SHOW

David Patterson is Broker Associate and Career Development Chairman for Keller Williams Realty in Columbia SC. Mr. Patterson is recognized by the South Carolina Real Estate Commission as a licensed real estate instructor with a faculty at the Real Estate School for Success.

Patterson earned his Bachelor Degree in Mathematics from Queens University in Charlotte, North Carolina and has been awarded the prestigious Certified Residential Specialist (CRS) Designation and the Certificate of Professionalism by the Central Carolina Association of Realtors.

CCAR recognizes some of its members for their participation in educational opportunities which sets them apart as professionals with the knowledge and skills to provide clients with the best possible service.

DAVID PATTERSON LOVES HELPING FIRST TIME HOME BUYERS and FORT JACKSON PCS AND JOB RELOCATION MOVES TO COLUMBIA AND IRMO SC! [click here to watch a video testimonial from one of my relocation clients]

Hopefully, you will share some of your Saturday morning with Charles and David.

David Patterson - Columbia South Carolina Real Estate

What Does Real Estate BarCamp Mean to You?

Social Media Superstar @kimwood on The David Patterson Show

The 12 most annoying types of Facebookers

The TMIer. "Brad is heading to Walgreens to buy something for these pesky hemorrhoids." Boundaries of privacy and decorum don't seem to exist for these too-much-information updaters, who unabashedly offer up details about their sex lives, marital troubles and bodily functions. Thanks for sharing.

The Bad Grammarian. "So sad about Fara Fauset but Im so gladd its friday yippe". Yes, I know the punctuation rules are different in the digital world. And, no, no one likes a spelling-Nazi schoolmarm. But you sound like a moron.

The Crank. These curmudgeons, like the trolls who spew hate in blog comments, never met something they couldn't complain about. "Carl isn't really that impressed with idiots who don't realize how idiotic they are." [Actual status update.] Keep spreading the love.

The Obscurist. "If not now then when?" "You'll see..." "Grist for the mill." "John is, small world." "Dave thought he was immune, but no. No, he is not." [Actual status updates, all.] Sorry, but you're not being mysterious -- just nonsensical.

You probably mean well, but stop. Just stop. I don't care what president I am -- can't we simply be friends? Now excuse me while I go post the link to this story on my Facebook page.

Twitter is a Marathon......... Longer Than A Tweet

Understanding and Using All of Your First Time Home Buyer Options

Steve Kappre is a Mortgage Planner with Treasury Mortgage. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

• Reverse Mortgages

• Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

With all the excitement of the first time home buyer tax credit, buyers often get confused and miss out on other important options.

Tax Credit

Seller Credit (Seller Concessions)

Grants for First Time Home Buyers

Down Payment Assistance

How to Utilize More Than One First-Time Home Buyer Option

Steve Kappre is a Mortgage Planner with Treasury Mortgage. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

• Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

Absorption Rates and How it Affects Sellers

Mythunderstandings of and $8000 for First Time Home Buyers

First-Time Buyers COULD Receive $8000 in Down Payment Assistance

The David Patterson Show Welcomes New Team Leader Padalino

Fear and Its Impact on You and Your Business

Keller Williams Columbia Collects TONS for Harvest Hope Food Bank

Financial Synergy Home Buying on The David Patterson Show

Kids Bowl Free all across the USA

USDA Loans - The Rural Housing Loan - The Basics

Thanks to ActiveRain Veteran Regina P. Brown for Sharing Her Knowledge on The David Patterson Show

Regina P. Brown to Appear on The David Patterson Show

The David Patterson Show Thanks ActiveRain and Marcie Purcell

The Five Stages of Home Seller Grief in A Buyers' Market

5 Stages of Home Seller Grief in A Buyers' Market - Part 2

Let's Talk Eggs, Coffee and Carrots!

Temporary Street Signs - Essential or Eyesore?

"A Foreclosure is A Foreclosure" -- David Patterson Keller Williams Columbia SC

The Most Common Question Asked By First Time Home Buyers

Happy Birthday to My First TRUE LOVE --- Hazel Patterson!

Another Patterson Appearance on WOIC 1230AM - Saturday at 10:05AM EDT