Real Life in Real Estate

January Housing Starts Up, What's Next

Matt Hermes (Keller Williams Realty) — Wed, 17 Feb 2010 08:10:10 -0800

In again another sign that the housing industry is picking up the pieces from the worst housing collapse in generations, January's housing starts were up 2.8%. Housing construction posted a better-than-expected increase in January, pushing activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades.

The Commerce Department said Wednesday that construction of new homes and apartments rose 2.8% last month to a seasonally adjusted annual rate of 591,000 units. That was better than the 580,000 economists were forecasting.

As we head into the second quarter of 2010, we expect continued modest gains in both new home construction as well as re-sale activity. While pricing in both continue to be pressed downward and there continues to be a steady flow of foreclosures coming to market prices should start to stabilize in the coming months.

For more information click on the link below:

http://www.usatoday.com/money/economy/housing/2010-02-17-housing-starts_N.htm

Need New Interior Flyers

Matt Hermes (Keller Williams Realty) — Tue, 09 Feb 2010 06:43:34 -0800

I am looking to create some new interior flyers for my listings and wanted to get some advice from the experts.

Does anyone have a good looking, FREE template from the web that they have downloaded that they would be willing to share with me.

I have looked at a lot of them but nothing really stands out.

Thanks in advance.

Matt H.

One truth in this market: You cannot Buy Low and Sell High.

Matt Hermes (Keller Williams Realty) — Fri, 29 Jan 2010 06:53:20 -0800

There is one thing that is a constant in the real estate market that has been proved over and over through the years that I advise my Sellers and and sometimes Buyers on a daily basis.

You cannot Buy low and Sell high at the same time.

Something has to give. The question is what.

If you are in a shifting or shifted down market, and you are looking to get a "Deal" on a home you probably can. Right now there are a lot of really good and I mean really good deals out there for you and I can help you find them. Potentially you can get a home at a steep discount and in the long run make a killing on your investment.

If you have no home to sell, even better, but if you need to sell your home before you can take advantage of that "killer" deal you need to realize and face the facts that the person who is looking at your home to purchase is trying to do the same exact thing that you are on your purchase. They want a deal. Not just a deal, The Deal.

As the old saying goes, "You cannot have your cake and eat it to". Sorry to spoil the fun, but facts are facts here.

We cannot sell high and buy low.

It simply does not work that way.

In a down or Buyers market, in order to sell your home, you are going to need to be priced in line with your competition. Price the home too high and you will sit on the market. There are too many great deals out there and pricing is key. Yeah, you may loose some $ on the front end of the deal, but will make it up on the back end (Buy side).

When we are working in a Sellers market, the roles are reversed. You are in a great position to make some cash on the Selling side of the transaction but more than likely the Buy side is not going to be that sweet a deal. Can't happen. If we are in this type of market, inventory is low, buyers are plentiful and prices are up. What makes us think we can then sell our home at a premium and buy at a discount.

So you have to make a choice. Personally I would rather take the hit on the selling side of things in this market, especially if I am moving up in price point. There is lots of money to be made on the buy. Remember this also, it is not what you sell it for which determines how much money you make, it is what you bought it for that makes you the cash.

My two cents...

Fact or Fiction

Matt Hermes (Keller Williams Realty) — Thu, 28 Jan 2010 14:03:02 -0800

I have seen a lot of marekting recently stating that "We are the best in this" "We list more than ...". People get your facts straight before you deceive the general public.

If you are the best in this or list and sell more than that, awesome. Good for you. Keep up the good work. I am happy for you. I mean it.

However, if you are not sure, or do not have the proof to go along with your statement please rethink your marketing strategy. Don't worry I would never rat you out. However, others will and that is those are the ones you need to be careful of.

Just sayin'

Interesting Hamilton Mill (Dacula GA) Active Listings Information

Matt Hermes (Keller Williams Realty) — Thu, 14 Jan 2010 12:56:09 -0800

For the first time in a couple of years, the listing inventory in the Hamilton Mill Subdivision in Dacula GA is under 80 active listings! Currently 18 of the 78 active listings within the subdivision are either foreclosures or short sales. Almost 25%! Wow.

Typically we run somewhere in the 5% range (100 listing / 2,000 home subdivision) and to see this drop well below 100 is pretty interesting on a couple of fronts.

Couple of points to consider:

First: Less inventory obviously means fewer options for Buyers. Fewer options means the potential for price increases coming.

Second: If you are looking to sell, now may be the time to get your home on the market. We are seeing a good increase in activity and with less inventory than we are used to, the time may be right to get the home on the market and sold.

I could go on and on about the pro's and con's of inventory, sale prices, foreclosure numbers but my main point is this. Inventory is down which means something.

Want more information, give me a call.

What does 2010 hold in store for all of us?

Matt Hermes (Keller Williams Realty) — Wed, 13 Jan 2010 19:33:32 -0800

Yeah, I know that by now, most if not all of us have had enough of hearing what 2010 holds in store for us.

What the experts say the economy will or will not do.

How will the housing market change if at all, and to what extent if any the market rebounds or stays in crisis mode.

The unemployment rate will do this or that and what happens either way it goes.

Blah, Blah, Blah.

Here is what I know.

I am going to do everything I can to stay positive and make 2010 the best year in real estate I have ever had. Positive thoughts? You betcha! We cannot control what others feel, think, do or say. However, I can control my own destiny. With that being said, here is to a prosperous remaining 50 weeks of 2010.

Go out and make it happen, make it a GREAT DAY and as Southwest Airlines says "It's On".

Matt Hermes

Why am I not suprised. Credit Card Rates at 79.9%

Matt Hermes (Keller Williams Realty) — Fri, 18 Dec 2009 15:28:36 -0800

To say I am suprised that a credit card company is screwing with us would be an inaccurate statement. I am so sick and tired of banks doing everything in their power to skirt the law and bring financial ruin to many. Now to be fair, we, as individuals need to be money wise and watch what we do but this article really pisses me off.

Am I angry, yes. Can you tell?

http://www.ajc.com/business/credit-card-steps-to-245717.html

To paraphrase the article: First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. In a recent mailing for a preapproved card, First Premier lowers fees to just that limit — $75 in the first year for a credit line of $300. But the new law doesn’t set a cap on interest rates. Hence the 79.9 APR, up from the previous 9.9 percent.

Way to go First Premier. I can guarantee you I will never do business with a company that treats it customers this way.

HUGE Price Reduction in Madison Height / Snellville GA / Bank Owned

Matt Hermes (Keller Williams Realty) — Fri, 18 Dec 2009 14:37:29 -0800

Just reduced by $50,000, 4462 Madison Run Place in the Madison Heights subdivision in Snellville GA. Bank owned and ready for immediate sale. Now priced well below value at $339,900.

Bank Owned Homes in DeKalb County GA

Matt Hermes (Keller Williams Realty) — Fri, 18 Dec 2009 14:14:58 -0800

Just listed three bank owned homes in the Union Crossing in College Park Georgia. Close to the airport. Check out one of them. http://www.ourkwpartners.com/2743804/hermesmatthe. New photos coming soon. Call me and let's go take a look.

Want to search all of Georgia for that perfect house? http://www.ourkwpartners.com/homesearch/hermesmatthe

Look Out For the "ManVan"

Matt Hermes (Keller Williams Realty) — Fri, 18 Dec 2009 13:50:29 -0800

Got my rear window sticker done yesterday. Looking to buy or sell a home? Give me a call.

Matt Hermes

Keller Williams Realty

www.matthermes.com

Citigroup To Suspend Foreclosures for 30 Days

Matt Hermes (Keller Williams Realty) — Fri, 18 Dec 2009 13:43:08 -0800

I read yesterday USA Today that Citigroup will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.

The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loans are owned by Citi. Borrowers who make payments to Citi but whose loans are owned by other investors are out of luck.

The suspension means Citi will halt foreclosure sales and stop evicting homeowners from properties it has already seized. The company projects it will help 2,000 homeowners with scheduled foreclosure sales and another 2,000 that were due to receive foreclosure notices.

Citgroup commented that the company is working on "some long-term fundamental alternatives" to foreclosure, but declined to be specific. "We know that moratoriums are not permanent solutions".

Most major lenders suspended foreclosures last winter while the Obama administration developed its $75 billion loan modification program. Foreclosures picked up again after those suspensions lifted. In recent months, they have fallen as banks evaluate whether borrowers qualify for the government program. I have seen the number of foreclosures rise in the past few months and expect more of the same into ealry 2010.

Citi has enrolled about 100,000 borrowers in the Obama program, but had made only about 270 of those modifications permanent as of the end of last month, according to a Treasury Department report. How can only 270 of 100k homeowners be processed through this system. Come on.

Chateau Elan $.50 on the dollar Short Sale Approved Home

Matt Hermes (Keller Williams Realty) — Fri, 18 Dec 2009 06:50:39 -0800

This awesome home is located in the Legends section of Chateau Elan and sits on over an acre lot. This home has been approved for a short sale and can close in 30 days. This is a great value and worth every penny if not more.

Call me to set up your private showing of this one of a kind home in Chateau Elan.

http://www.ourkwpartners.com/2547146/hermesmatthe

Matt Hermes

Hermes and Associates

Keller Williams Realty

770-402-2819

www.matthermes.com

How Does The Travel Industry and Real Estate Connect?

Matt Hermes (Keller Williams Realty) — Wed, 21 Oct 2009 07:42:10 -0700

I took the time to read a very interesting article that was written by Christopher Elliott who is a travel contributor for MSNBC.com this morning. What struck me was how similar his views were on customer service in the travel industry and the real estate industry.

Granted, Customer Service is of utmost importance in my real estate business and if truth be told, I am sometimes not the best at providing it. Not by lack of effort or care for the client, but becaus I am either too busy doing other tasks or just failing at it. Customer Service should be the number one thing I strive for after lead generation in my business. This is one reason that I recently brought on an agent to help me with this.

I still do what I can to make the customer / client happy, but Brenda is always there to help in any way possible to make sure we are doing all I can to make them happy.

Here is a link to Chris article, but I wanted to offer my points along with his.

1. Join a loyalty program
Even though loyalty programs tend to benefit travel companies more than they do you, and even though I’m on the record as calling them the crack cocaine of the travel industry, being an elite-level program member means something.

Matt's View: 1A. A Loyalty Program is a great idea in the Real Estate business. Why not start one. Granted it might take years to have even the first person use it, but if they tell their friends about what I am doing maybe it will get me in front of someone I would not otherwise.

2. Ask a friend.
“I think the best source for a company that offers good customer service is always word-of-mouth,” says Paco Saldana, the director of guest services at The Ritz-Carlton, Amelia Island. (Incidentally, one of my all-time favorite hotels.) What’s so effective about word-of-mouth, as opposed to a Web site? Easy.

2A. Matt's View: This is a no-brainer. We all want those whom we have served to refer us to their friends, neighbors, relatives, etc. But do we go out of our way to make sure that everyone knows that we want referrals. I don't. I should, but I don't.

3. Do a little networking
You probably have a lot more friends than you know, if you count the ones online. Social networking lets you exchange information about customer service with people you know and their friends. “All the social media tools, like Facebook, Twitter and Flickr, allow us to share our good and bad experiences and for people to act based on this feedback,” says Jason Sarracini, president of Target Vacations Limited.

3A. Matt's View: Networking is King. If we are not networking everywhere we go then you are not going to stay in or be successful in business. One thing I struggle with is being overly outgoing in places I should. Grocery store line, ballpark, etc. I know I should be telling everyone I meet about what I do, but I don't. Need to really work on this one.

4. Consult with a pro
Travel agents (yes, they still exist) can tell you which travel companies outside of the usual suspect will give you good service. And who knows, they might find a deal, too. “As much as possible, try to cultivate a relationship with one travel professional,” advises Catherine Banks, owner of Plano, Texas-based Legacy Travel.

4A. Matt's View: Duh. Consultation with an expert is HUGE.

5. Do your homework
“Research your target,” says Richard Atkins, chief executive of the customer-service training company Improving Communications. A simple online search with the keyword “review” will pull up lots of opinions about the airline, car rental company, cruise line or hotel you’re interested in patronizing. “Disregard the emotionally-charged ones — statements like ‘the place was run by a bunch of third-grade idiots who seemed to take pleasure in making us suffer’ — and pay attention only to those that are factual,” he adds.

5A. Matt's View: Every Buyer or Seller should do their homework, and if I have done all of line items 1-4 well already then I should at least be in the "mix" when it comes to buyers and sellers. How well are you doing to make sure your homework grade would be an A+ in others minds.

6. Look for the good employees
They’re easy to spot. They’re usually the ones smiling.

6A. Matt's View: No a whole lot to talk about here. If you or your employees are not happy doing what you do, why are you in the business.

7. Make a request
True, we expect customer service representatives to read our minds, but when you’re processing dozens of customers an hour, who has the time for that? “Ask yourself: Who will care that I receive great service?” says Kristina Hughes-Arntz, the director of sales at Aikens Group Hospitality in Virginia’s Shenandoah Valley. Find that person and ask. Anything from a room upgrade to a special favor may be granted, if you give them a reason to grant your wish. Hughes-Arntz calls this the “Aladdin Factor.”

7A. Matt's View: I love it when my clients or prospective clients ask me to do things for them. I might not be able to do it (reduce my commissions) but at least I know they will be up front and talk to me about those items that they want and need. No one said we have to always say "Yes".

Anyway, long post but I enjoyed writing it and now must go out and make sure I am doing everything I suggested and commented on. Make it a great day!

Where has all the print advertising gone?

Matt Hermes (Keller Williams Realty) — Thu, 15 Oct 2009 08:35:13 -0700

This morning while waiting for a colleague at my local bagel shop, Big Apple Bagels, in Dacula I picked up the most recent Real Estate print advertising book. This is not something I have done in forever, but I figured I would take a look at it and see who was doing the advertising.

What amazed me was how small the book was. I mean, two or three years ago this thing was at least 150 pages. This book was a mere 23 pages and most of the content was not what it was a couple of years ago. Before any of my friends in the print advertising industry shoot me, hear me out. I have in the past done a bunch of print advertising but recently with all the other "free" options and media outlets I have at my disposal why choose to pay a bunch of my hard earned money on print when I know that only a small handful of people are still using it.

We now have all types of internet marketing we can do that creates immediate interest, a call to action and is available 24/7. Granted, each of these publications have their own websites they point to and I am sure that they garner traffic but to me print is really a dying brand. Kind of like the "bag phone" I used to have. It worked for a while but after new technology came along, why not switch to the newest and most effective option.

Recently I was asked to be interviewed for our local newspaper, the Gwinnett Daily Post which I was happy to do. They even threw in the bottom page of the home section to advertise my local listings. I waited anxiosuly by the phone for the stream of buyers and sellers to read the article and call on the listings. What happened. Not a call, except for a few of my friends who called to tell me my photo made me look too old.

My point is this folks. Internet is where it is. Plain and simple. Keep up the blogging, and social networking and make it a great day.

Matt

Top 5 Reasons Not To Let Me Sell Your Home

Matt Hermes (Keller Williams Realty) — Tue, 18 Nov 2008 11:20:27 -0800

As recently as yesterday my Partner, Matt Fagioli and I were meeting with a prospective client and the discussion headed in a very familiar direction. This client wanted to tell us how to market the property, what price was reasonable and what we should be able to sell the home for.

While I appreciate and totally understand where this person was coming from it reminded me of all the reasons that this person should NOT hire me to help get this home sold.

So here you go. There are at least FIVE reasons Not to hire me to help you sell your home. If any of these items fit, please let me know and I will be happy to provide you a name of a number of agents that will be happy to help you try to sell your home in this market.

Top Five Reasons NOT to Hire Me:

1. If you want me to tell you what you want to hear I am not the right person for the job.

I will always sit back and listen to my clients and get their imput and thoughts on the sales process and like to get your thoughts on what you feel may help get your home sold. No problem. I am smart enough to know that I do not know everything and enjoy learning. However, this is what I do on a FULL TIME basis. I sell real estate to provide an source of income for my family and I know what I am doing. If you want me to tell you what you want to hear, this does nothing but delay the inevitable. You will be upset that I have not sold your home and you will try another agent.

If you cannot handle the truth and let me tell you what is really going on in the market, where the pricing needs to be and how we can best market your home then we are not the right fit. If I cannot tell you what the real deal is and how we are going to address marketing the listing then please find another agent that wants to follow your lead.

2. If you have a friend, relative, or someone that "just got into the business" that you want to sell your home I am probably not the right person for the job.

In the real estate business I have been so fortunate to have had numerous referrals from past clients, friends, church members, relatives and so on. I always tell them up front that they can fire me at any time if they do not feel I am servicing them properly. I will not let a relationship fail because of trying to sell their home.

If you know someone that falls into one of the above categories I would strongly suggest that you think long and hard about hiring them. Why? Well, first it is hard to fire a friend. I have been on so many listing appointments where I hear the phrase "I hired my friend and felt bad about firing them". While that is admirable, you have wasted months of market time and your home is still on the market. You have been losing money every month and your friendship is costing you dearly.

If someone that you know just got into the business, I applaud their decision to get into the exciting world of real estate, however, experience is paramount to your success in selling your home. Let them learn the real estate trade on someone else. Do not put your most important asset in the hands of a new agent.

3. If you want me to tell you how long it is going to take to sell your home I am not the right person to help you sell your home.

If I had an answer to this question, I would be sitting on a beach in the Bahamas drinking Margaritas and raking in millions of dollars a year. No one can tell you how a home will take to sell. I have seen homes sell in 6 hours and others take 6 years to sell. If an Realtor or real estate agent ever tells you that they know how long it will take to sell, run away fast. There is no time frame that is set in stone here. I may be able to give a good indication of market time, but a lot depends on the price, condition, location and current market conditions.

4. If we cannot come to an agreement on initial asking price, I am not the person to help you sell your home.

Pricing is the main factor to selling in this economy. I hate to tell you this, but unfortunately I do not control nor set the market. Buyers set the market and what they feel a home is worth drives pricing. With very few buyers in the market for homes we need to set the price the home at or below market value. Any homes priced above market value are destined to sit on the market for quite a while. A few years ago you could set a price higher than market and see if someone would come to you and make an acceptable offer. Nowadays, there are so many foreclosures and "deals" out there, the market will not bear overpriced listings.

5. If you think you can do as good a job selling your home For Sale By Owner (FSBO) then I am not the agent to help you sell your home.

I take great pride in my profession and know that I work hard to do the best job I can to get all of my clients homes sold in the least amount of time and for the most money. If you feel that you can do my job, then please go ahead and list your home FSBO and when the home does not sell then give me a call to discuss your needs. In the mean time, please remember that newspaper ad, print materials and open houses really are not effective ways to market your home. Remember that 85% of all home buyers look to the internet first to find their next home. How are you going to market to the internet consumer as well as the 25,000+- agents in this market who are looking for homes to sell to their clients.

Also, please know that FSBO's typically sell their homes for less money than if they were to hire a real estate agent, so the money you think you are saving in commissions is irrelevant. It actually may cost you more to sell your home by yourself and can cause legal issues that typically are non-existant when you hire a professionally licensed real estate practitioner.

So there you have it. Five of the top reasons not to hire me to help you sell your home. I know this comes across to some that I do not want your business, that is the furthest from the truth. What it really means to say is that this is what I do full time to provide a income for my family and take pride in my work. I would never walk into your workplace or home and tell you how to raise your kids or do you job. Let me work for you and complete the task.

If you have any questions feel free to call or email me at any time and make it a great day.

MATT

PS: While I was writing this post our client I referred to in the first paragraph called to let me know we have earned her business and we are putting her home on the market this afternoon.

UPDATE: Pending Home Sales Up, Way Up

Matt Hermes (Keller Williams Realty) — Wed, 08 Oct 2008 10:13:36 -0700

What are we to do now?

Another month of relatively good news in the housing market is welcome news to those of us in the real estate industry and should be welcome news to everyone who owns a home. Funny, again this information was buried on page two of an online internet news site. Why give us good news when there is so much bad to report.

After all the negative stock market readings we have seen over the past week or two, there is finally some good news to report. Today, statistics were released that show Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors^®.

The Pending Home Sales Index,based on contracts signed in August, jumped 7.4 percent to 93.4 from an upwardly revised reading of 87.0 in July, and is 8.8 percent higher than August 2007 when it stood at 85.8. The index is at the highest level since June 2007 when it stood at 101.4.

Economists polled by Reuters ahead of the report were expecting pending home sales to drop by 1.8 percent.

Lawrence Yun, NAR chief economist, said home buyers were responding to improved affordability. "What we're seeing is the momentum of people taking advantage of low home prices, "It's unclear how much contract activity may be impacted by the credit disruptions on Wall Street, but we're hopeful most of the increase will translate into closed existing-home sales."

Yun notes the unusual timing of contract activity in August. "Home buyers in July were hampered by overly stringent lending criteria in the months before the government takeover of Fannie and Freddie," he said. "August shows some unleashing of pent-up demand before the credit crisis accelerated in September."

In speaking with the lenders I deal with on a regular basis, the availability of loans are plentiful, especially in the price ranges under $300,000. This is good news and to me is another reason to listen to and watch the headlines but do not get bogged down in all the doom and gloom. Yes, we are in trying times but come on, we will get through this and be better for it.

Existing-home sales are forecast at 5.04 million this year and 5.41 million in 2009. This follows national declines of 5 to 8 percent in 2008. Home prices are projected to increase 2 to 3 percent next year. Did you read that? Prices are expected to increase next year 2-3%. Get off the fence and lets get moving.

Originally posted on www.GwinnettDwellings.com

I want this guy to come with me to Vegas!

Matt Hermes (Keller Williams Realty) — Tue, 07 Oct 2008 11:22:15 -0700

This story was forwarded to me by a good friend and after I read it I was getting ready to call him and see if he wanted to come with me to Vegas.

Interesting this article was written in 1999 and predicts what will happen if the country went into an economic downturn.

Mortgage Crisis Prediction

So what do we need to do now? Take a deep breath, realize that in time all will return to "normal" and that the housing market, stock market, job market and any other market you want to mention will stabilize.

For me personally, I need to realize that the current financial mess is something I cannot control by myself. I can only control my personal finances, which like many others are struggling but you know what I have my wife, kids, health and God, so I am good.

Go make it a great day.

Our Real Estate Market Images

Matt Hermes (Keller Williams Realty) — Tue, 07 Oct 2008 08:01:10 -0700

I have been thinking a lot lately about the current state of the real estate market and the number of good people that have lost their homes, incomes, marriages and even lives with the "collapse" of our local real estate market.

In Georgia we have been somewhat fortunate that we have not seen the huge upward and downwards swings in the real estate market but boy are we being impacted.

A few months ago I went to preview some homes in a subdivision within a few miles of my home and it was so incredibly depressing to see the impact that this market has had on so many people.

I decided to take some photos of a few neighborhoods in the local area that have been devistated by the market.

Take a look

Good luck to all of you and I pray we all make it through these difficult times.

Created with Admarket's flickrSLiDR.

Gwinnett Gas Shortage Hits Home

Matt Hermes (Keller Williams Realty) — Mon, 29 Sep 2008 08:33:06 -0700

Anyone that lives in Gwinnett County has seen, heard or has had to deal with the recent gas shortage we have experienced over the past four weeks and I am tired of it. Since this all started I have reassured my wife that there will be gas and that there is no need to fill up our gas tank whenever we see a station that actually has gas.

Well, maybe I was wrong. Yesterday I needed to drive to a meet with a client who is going to be selling their home and I left my office with a little more than 70 miles in the tank. I figured I would l find somewhere to fill up and have no issues. Well, I was wrong. All the way down to the appt. which is about 45 miles from my office there were no gas stations pumping anything but air out of the tanks.

Get the math issue above (70 miles in the tank, 45 miles one way = 0 gas).

As I was searching for a gas station that had gas I got to thinking about the last time we as a Country had a situation like this. Back in 1973, and living in Fairfield Connecticut, we had a similar issue. Gas prices shot up from $.38.5 to $.55.1 cents per gallon. I remember this vividly because my friends and I would buy as many morning newspapers as we could and walk up and down the line of cars waiting for gas and sell our newspapers.

The following excerpt is taken from our friends at Wikipedia:

Thankfully, my gas gauge was kind to me and I pulled into my home with 4 miles left in the tank. This morning, the gas station up the street did have gas and my wife called me to let me know about it. After putting in 15 gallons at $3.97 each I was miffed. What is going on that a year or so ago we were paying around $2.50 per gallon and now we are paying $4.00 and having to “search” for gas.

I do not know who to blame or why but I do know I am tired of this and ready for a change.

In my business (Real Estate), I travel constantly in my car and paying the amount we have to is not making me very happy.

Maybe I need to fix my bike that is collecting dust in the garage. Here’s an idea. I will buy three or four bikes and take my clients on a bike ride to show them local properties. I can get a child seat or two and attach it to the back of one or two of the bikes so if my clients have small children we can just strap them in.

I will need to buy a few mike helmets to go along with the bikes so if someone falls or gets hit by a car they have a chance of survival. Wait a minute, I will also need to get one of those fancy bike jerseys and some tight pants so I can be more aerodynamic. What else do I need. That is at least a $1000 investment. Wonder if I can write that off on my business tax return?

Builder Must Sell - Princeton Pointe

Matt Hermes (Keller Williams Realty) — Tue, 16 Sep 2008 13:52:55 -0700

Here is a fantastic new home that is dramatically reduced and the Builder needs an offer. Please take a minute to view this video and give me your thoughts. The video is pretty raw, and taken with my new Flip Video camera, so excuse the sloppiness. Any help is welcome on how to best use the Flip Video Camera.

http://www.viddler.com/explore/mattsells/videos/1/

Original Post: http://hermes.diamonddwellings.net/2008/09/16/new-construction-in-princeton-pointe-hamilton-mill-area/

"Rite To Hike" To Host 5K At Gwinnett Environmental Heritage Center

Matt Hermes (Keller Williams Realty) — Wed, 03 Sep 2008 16:37:17 -0700

All of us in Gwinnett County have probably heard of Meredith Emerson and her kidnapping and death just over a year ago. Meredith was hiking alone on Blood Mountain and was abducted and unfortunately killed doing what she loved. Walking her dog in the mountains of North Georgia.

Right to Hike, a nonprofit established in the memory of slain Buford outdoor enthusiast Meredith Emerson, will host a 5K and fun run Oct. 25 at the Gwinnett Environmental Heritage Center in Buford. I know our family will plan on being there with our three Standard Poodles, Emma, Jake and Stitch. The event, which starts at 8 a.m., will feature a partially paved trail with several hills. Participants are encouraged to bring their dogs in honor of Ella, Emerson's dog that she was known to hike and run with.

Donations for participation are as follows:

Early registration for 5K - $25

Day of registration for 5K - $30

Fun Run registration - $10

Family Run registration (party of four) - $30

Awards will be given to the top finishers. In addition, each dog that participates will receive a special gift from Right to Hike Inc. All participants will receive a commemorative T-shirt.

Potential sponsors and volunteers are asked to e-mail info@righttohikeinc.com. For more information visit www.righttohikeinc.com Let's make this tragic situation turn into a huge event that all Gwinnett families come to support.

My Home Town: Dacula GA and a Waffle House Wedding

Matt Hermes (Keller Williams Realty) — Thu, 28 Aug 2008 09:40:58 -0700

One of the things I love about the South is that we are if nothing else, we are creative. My wife Carmen and I have lived in Dacula, Georgia and we love living in our community of Hamilton Mill . The South has a slower pace of life than any other area of the country I have lived in and I have spent time in most of them during my Professional Golf days. From Palm Springs, Phoenix, Denver, Michigan, New Hampshire and many others, there is nothing like living in the South.

For those that may not be aware, we do have all the wonderful living arrangements as the rest of the country. Electricity is readily available as is indoor plumbing and we even have a few stop lights. Heck we even have restaurants that we can drive our Ford or Chevy pick up trucks to and eat which brings me to why I am writing.

Waffle House is a staple of Southern Living. If you have never had a waffle with some scattered and covered hash-browns you are really missing something. Next time you drive down the dirt roads in the South and see that Yellow Waffle House, drop in and getcha some hash-browns and a waffle. Do not worry about bringing your cash, they recently have started accepting debit and credit cards.

What recently took place at a Waffle House within 10 minutes of my home may go down in the history of the South as the most sought after Southern internet story of our time. You see, George "Bubba" Mathis and his co-worker/fiance, Pamela Christian decided to get married at the Waffle House. Here is a link to more of the wedding photos. It is priceless,

"I don't know, it's something different," Mathis said while fixing his tie prior to the ceremony.For years, the couple tried to marry on their Independence Day anniversary. But the bride was always scheduled to work. Instead of waiting any longer - she got the day off at the last minute; Mathis had to report for the morning shift - the couple of nine years decided to seal the deal at work.

"It's been crazy, madness," the bride said. "Finally, everything worked out."

Standing nearby, the father of the newly minted Mrs. Pamela Mathis, William Christopher, wondered if anyone had videotaped the ceremony. He wants to send it in to CMT. See, I told you we were creative, he should also send it to TMZ

The couple plans to honeymoon Monday and Tuesday, but then it's back to work.

The destination?

"I don't know yet," Mathis said

That is so typical Southern. We do not plan ahead or worry about where we are goin'.

Man I love the South and glad to be living in Georgia. Make it a great day folks, ya'll come back now ya hear.

Gwinnett County, GA - How Does the Real Estate Market Impact You

Matt Hermes (Keller Williams Realty) — Fri, 22 Aug 2008 11:46:57 -0700

In the past month or so we have seen a number of homes go into foreclosure in Hamilton Mill which are now being marketed for sale in the local listing systems.

What is going on here? Life, that is what is going on. As the United States economy struggles to gain its footing and jobs are being eliminated in many sectors, tough times are falling on some of our neighbors and friends and you know what, you may not even know it is happening around you.

Just the other day I was talking to someone in Hamilton Mill and he made the comment to me that he was totally unaware of "John Doe's" financial problems and wished that John had talked to him about it. He had a feeling something was going on. John always used to keep his home and yard very well kept and then 6 months or so ago he noticed things seemed to be a little different. John lost his home and now is looking for alternative housing and a decent paying job.

Here is something to think about.

The real estate market struggles as well as the mortgage crisis is hitting so many different areas of our economy that most of us do not even think of, but take a look at who is being effected.

If new or resale homes do not sell:

Loan Officers do not write new loans, Appraisers do not appraise homes, closing attorneys do not close loans, moving companies do not move you into your new home which means furniture stores do not sell furniture which is sold to them by salespersons for the factory, lighting stores do not sell lights, painters do not paint and landscapers do not put out new landscaping products which they buy from the nursery who hire people to plant and care for the beautiful plants you planned to landscape with. Also, since you will not be doing all the home projects you wanted to, Home Depot and Lowes and other stores are not selling the products they were a couple of years ago. If sales are down there, what about all the people that were selling their products to them.

Wow, that seems like quite a little list do is not. Wait there is more.

If new homes are not selling then the Builders are not selling homes which means that they are cutting back on their Project Managers and of course they are not buying building products like wood, brick, sheetrock, lighting, paint, and so on. By the way, all the homes that are not being built effect the plumbers, electricians, roofers, masonry guys, framers and so on. Also the builders cannot hire the grading companies to move the dirt which means a loss of jobs and if that is the case then the tractor companies do not sell new equipment which means that the factories have no orders which means they do not need to hire people, rather they need to lay them off.

Need I go on. I could for a very long time but I won't. Know why, I am optimistic we are getting out of this mess and will be a better, smarter people for it. I hope we save more (I know I need to), are smarter with our buying decisions (do we really need the biggest of everything or most expensive this or that), and realize that this mess can and probably will happen again and we need to plan for it.

Now go out and make it a great day. I plan to.

By the way there are a number of really great deals in Hamilton Mill right now. Prices have never been better. Give me a call and I will email you a list of Hot Properties. Gotta go show one now.

Matt Hermes

When is Enough, Enough?

Matt Hermes (Keller Williams Realty) — Thu, 21 Aug 2008 11:27:41 -0700

When is enough, enough?

In the past several months I have had a number of investors looking at some of our properties and the first question I always get it "How motivated are your clients".

How motivated are my clients you ask? Well, obviously they are looking to sell their home that is why it is for sale. Did you not see the current listing on one of the 100+ websites we link too?

The next question is "Are they ready to make a deal?". My answer always is the same. "Yes and no. Why do you ask." "I am looking for a deal" they say. Of course you are, everyone is during these times, but what is a "Deal".

Here comes the one I love that comes from either the investor or the Selling Agent, "We want to make an offer but we are looking for a 20-40% reduction in price". My reaction again is always the same. "If I thought they would take 20-40% of current asking then I would have found the $ to buy it myself days, weeks or months ago. Now there are some properties that are listed 20+% above market value but others are priced properly or below market.

We do all we can to price homes accordingly and yes sometimes we have clients that need to sell because of financial concerns, pending short sale or foreclosure but come on folks "Enough is Enough". The market is not close to where it needs to be but please start to make some educated decisions. Buying an investment home at this time is a GREAT idea and one that will pay off in spades in the coming years, but if you are looking for that Investor Special, look at hud.gov and find a property there or on any number of sites that specialize in foreclosures. We need to remember that usually it is a waste of a buyers time to make offers considerably lower than current asking price, especially if the home is priced properly, but at the same time, there is always that one in a milion that may negotiate with you and work out a deal.

Personally I love it when a client gets a great deal on a home and I enjoy working with clients to find that right property and gain instant equity for either a "flip" or rental property until the market turns. However, I also let my clients know that there are certain homes that you are not going to get your "Deal" and "Enough is Enough"

Is Anything Positive Happening In Hilton Head

Matt Hermes (Keller Williams Realty) — Wed, 20 Aug 2008 09:20:22 -0700

I am an agent in the Atlanta market and own a condo at Hilton Head Beach and Tennis. From what I understand the market is down like everywhere else it seems, but being out of state I am trying to get a realistic pulse of the market.

Any insight as to what you saw this summer and heading into fall/winter.

Thanks,

Matt Hermes

Diamond Dwellings Realty

What If Realty?