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| Valentine's Day is about honoring those who are special to us, and clients like you are very special indeed! If you or anyone you know needs our services, don't forget we're always here for you. Thanks for helping us love what we do! |
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Kathleen "Kathy" Stanavitch Broker/Associate Amabile Realty LLC Phone 732-213-1159 Phone: (Fax: 732-414-1149) |
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GOING TO YANKEE PARADE......................YES....................
HERE IS YOUR HOUSE NONE OTHER PRICED SO WELL AND NOT A SHORT SALE SO YOU HAVE
TO WAIT FOREVER TO BE DISAPPOINTED
COME TO OUR OPEN HOUSE
SUNDAY AUGUST 30, 2009
12:00 NOON - 4:00 PM or you can see it anytime just call
DIRECTIONS CALL 732-470-7552 OR 732-887-0271
4 SUNRISE TER
SAYREVILLE, NEW JERSEY 08859
LOVELY SPLIT LOVELY NEIGHBORHOOD, WITHIN WALKING DISTANCE TRANSPORTATION
OWNER TOLD ME TO TELL YOU COME MAKE ALL YOUR OFFERS !
WANT TO LIVE IN SAYREVILLE, VERY SHORT COMMUTE TO NYC, STATEN ISLAND, BROOKLYN
WANT TO LIVE IN OLD BRIDGE SHORT COMMUTE TO NYC, STATEN ISLAND, BROOKLYN
HERE IS YOUR HOUSE NONE OTHER PRICED SO WELL AND NOT A SHORT SALE SO YOU HAVE
TO WAIT FOREVER TO BE DISAPPOINTED
COME TO OUR OPEN HOUSE
SUNDAY AUGUST 23, 2009
12:00 NOON - 4:00 PM or you can see it anytime just call
DIRECTIONS CALL 732-470-7552 OR 732-887-0271
5 VALLEY VALE DRIVE
OLD BRIDGE, NEW JERSEY 08857
LOVELY RANCH, INGROUND FULLY FENCED POOL
NICE SIZE LOT, LOVELY NEIGHBORHOOD, WITHIN WALKING DISTANCE TRANSPORTATION
OWNER TOLD ME TO TELL YOU COME MAKE ALL YOUR OFFERS WE WILL BE HAPPY MEET YOU!
The first time I heard a buyer say they thought a short sale was someone who needed to sell quickly (in other words, they thought the sale would happen in a short period of time), I giggled a little. When I thought about it, I could totally understand the thought pattern. The reality is nearly the opposite....a short sale can be anything but short!
The term actually refers to the current owners needing to sell and being "short" the funds it will take to pay off the lender. So, the current owners need to negotiate with their lender an alternate repayment plan or forgiveness of the remaining debt. In today's market, banks are doing anything to avoid foreclosures, so we are seeing more and more short sales approved; very often with full debt forgiveness to the sellers.
This is truly a win for the sellers. Sure, their credit takes a hit. But, their bank accounts and immediate financial future is far better off than if they were to go through a foreclosure. And, it is expected that many of these sellers will be eligible for purchasing again in the not so distant future.
Buyers, on the other hand, need to be willing
This is rebloged from an expert in the mortgage industry.
I don't like delivering bad news, and I know you don't like receiving it (I get unsubscribes). At the same time I want to tell you what I see: There are some serious (additional) problems right now, directly affecting real estate. It looks to me like it's going to get a lot worse worse before it gets better. Yet, when doors close, others open - there are resulting opportunities as well (See below). Here are some of the reasons/symptoms:
- 1.5 million homes in foreclosure
Via Paul Luykx (Prospect Mortgage):
I don't like delivering bad news, and I know you don't like receiving it (I get unsubscribes). At the same time I want to tell you what I see: There are some serious (additional) problems right now, directly affecting real estate. It looks to me like it's going to get a lot worse worse before it gets better. Yet, when doors close, others open - there are resulting opportunities as well (See below). Here are some of the reasons/symptoms:
- 1.5 million homes in foreclosure
- Collapsing commercial market. Commercial paper falls most ever
- Slow implementation by lenders of loan modification iniatives. Articles
What this means in practical terms
- Appraised values as much as 30-40%(!) low, especially for refi's
- Restrictive lending environment, and tightening up more
- Construction loans virtually unavailable (unless hard money)
- Hard money lenders are raising lending criteria and pricing
- Conventional financing maximum is 90%ltv
- PMI requires 680 Fico
- Higher lending standards and erratic pricing for commercial loans
Good news, opportunities
- Investments with good cash on cash returns available
- Affordable price levels - especially for first time home buyers
- First Time Homebuyer tax credit (must close by Nov 30th!)
- Rehab homes (foreclosures) can be bought with 203(k) loans
- FHA loans, including FHA rehab loans (203k), readily available
- Higher Fico's get lower rates
- Rates are not likely to increase (I think)
Available
- Direct lender for FHA, Fannie, Freddy, VA, USDA, Jumbo, and other loans
- Same day loan decision (pre-approvals)
- 30-day closes (45-days for FHA)
- Condo (conversion) financing services. Information
- FHA loans down to 560 Fico
- 50-70% LTV stated income loans (600-700 Fico needed)
- 95% LTV Fannie Mae condo loans
- Loans for non-residents
- Rehab and construction loans
- Non-warrantable property
- Reverse mortgages
- Commercial loans
____________________________________
"To accomplish great things, we must not only act, but also dream;
not only plan, but also believe."
Anatole France (1844-1924)
Via Reply.com Marketing (Reply.com):
For more information, visit www.ReplyRealEstate.com
I’ve been in the online lead generation industry for nearly five years now, and in our business, that would make me a senior citizen. I’ve worn many different hats at Reply! — from starting out on our retail real estate sales floor, selling to real estate agents, to managing our entire retail real estate sales and service departments. I’ve also worked with thousands of real estate agents from a sales and customer service standpoint. There is no doubt that over the years I’ve heard my share of both positive and negative feedback, and in all the success stories that I hear there is one common theme; Internet leads only work when they are worked.
So let’s evaluate why leads don’t close. Is it the lead buyer not properly working the leads, or is it the leads themselves? I believe the answer is, “Both.” Some of our clients tell us our leads were a waste of time, while others depend on us to hit their yearly sales targets and are very profitable. Both are right, depending on how leads are called and nurtured.
The lead provider has two responsibilities: setting the right expectations and offering controls for the buyer to segment. It is the provider’s job to communicate that on average it will take a pipeline of 40-50 Internet leads before you should expect to close your first transaction, and after 6-9 months you should be able to close anywhere between 5%-10% depending on your individual close rate. This means over a year period of time, if you purchase 100 internet leads, you realistically should expect to close anywhere between 5 deals on the low end all the way up to 10 deals on the high end. At least 90 leads, however, will never turn into anything. Once you know your close rate, you can predictably and systematically increase the volume of sales per year, simply by purchasing more leads.
It will also take work, follow-up, and persistence to close an Internet lead. Keep in mind that typically the Internet consumer is less loyal and less willing to commit than a traditional referral. Agents that do the best are focused on providing value in every step of the sales process.
Assuming the right expectations are set, and you decide to participate in a lead program you should know that follow-up can be the difference between success and failure. Our most successful clients tell us that Internet leads require time, energy and need immediate and personal attention. An immediate email to the consumer and a phone call speaks volumes about your professionalism as an agent and helps build rapport and confidence along the way. You would be shocked at the percentage of agents that wait 2 days to return a phone call, or never call for that matter.
We also need to discuss lead quality. From time-to-time, one of our customers becomes angry over “poor lead quality.” I have a rule that I follow before I call a client back. I take a snapshot of the last ten leads we’ve sent, and I call them myself. The same result happens every time; I’ll be unable to reach one lead, leave voicemails for six, and I’ll speak with two to three people that want to talk about a real estate transaction. Two to three appointments set from twenty leads should ideally result in one transaction over a period of time, and we arrive at our 5% closing ratio.
If you decide to invest in online, performance-based marketing, create a game plan regarding how you’re going to work the leads. Call the lead 3 times a day for 3 days before writing them off, and then put into your drip campaign. You never know when they may contact you back. Also keep in mind that one sale will typically cover the program for 1-2 years. We also offer a success guarantee to ensure that you get a positive Return on Investment from using our service. Visit www.replyrealestate.com for more details.
Many variables can affect your experience with Internet leads. One thing is clear—Internet leads are a predictable and measurable marketing investment, and will only work for if you go into it with correct expectations and are willing to work the leads. I’m confident if these are done, we can make it profitable for your business.
Happy selling.
Adam Carabetta
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Kathleen "Kathy" Stanavitch
Freehold,
NJ
More about me…
RARITAN BAY REALTY LLC
Address: 1314 ENGLISHTOWN RD, OLD BRIDGE, NJ , 08857
Office Phone: (732) 213-1159
Cell Phone: (732) 213-1159
Email Me
I have been in Real Estate for over 20 years, I am Broker of Record, RARITAN BAY REALTY LLC, Old Bridge NJ Middlesex County, Monmouth County NJ just recently joined I will try to keep it interesting. We got unbusy the year 2009 and hoped for the best. I have expanded my horizons in every direction in Real Estate I personally am very well rounded as of this moment in 2011. I have been extremely busy with Short Sales, BPO's and Sales and a new Company as of March 2011 I love real estate, family, friends, people in need how can we be of assistance and more. I sure can use more friends in this world, how about you? Let's take the time to learn?
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