Pitchman Billy Mays dies at his home in Florida...the man known for selling his Oxi Clean products has passed on today. He just recently launched his own TV show.
The television and music industry has lost so the many this week. I wonder what's going on?
He might not have been considered a celebrity but if you've seen him before...then you would know he has been in many commercials.
This guy could sell anything....I can't believe yet another TV personality has left us ...what a short life he had.
As a licensed Realtor®...I'm always concerned about ethics...honesty and guilt. I've been selling Real Estate full time for almost 14 yrs and I've experienced 3 different markets. I've seen the good..the bad and now the ugly. But in the end when a decision has to be made...the final decision is made by your client. Whether it be the seller or the buyer...it's their call. Sure....we can advise them but we really can force them into doing anything and I like it that way. Have you ever heard the story about the Realtor who was being sued by the buyers because they felt they overpaid for a property?
When they underpay...we are worshiped and when they over pay...we are to blame. Presently...any of the active agents out there will tell you that they've recently seen many deals get held up due to appraisal issues. Even if we do the best job comping the home...the appraisers get the last word. They wouldn't jeopardize their license because they are being scrutinized more than ever. That's ok...if I was in the buyers shoes...I wouldn't want to pay more than a property is worth. Remember how we got into this mess in the first place.
But I'm primarily a listing agent and when I present an offer to the seller and the seller accepts the offer...they expect it to close for that price. Unfortunately....it doesn't happen that way all the time...and now it seems to be happening more than ever.
My last two listings that went under contract had appraisals that fell short. That's two in a row.There isn't much I could do to argue the sellers case...the appraiser uses their own comps and they really try to stay clear of our opinions nowadays. Most likely there's not much we can do...if the seller has their own independent appraisal done and it comes in at the value they expect...it still doesn't matter because the banks won't use those to support an appraisal for a buyer.
Thankfully after spending another week of tireless renegotiation....we were all able to work it out and one just closed and the other is on it's way to the table in the next few weeks.
So my question is....when the seller is in this particular position and they come to you...do you tell them to walk or to take the money and run? I hate when they put me in that position so all I can do is give them my opinion. Most agents will tell them that if they cancel the contract and try to resell it ...it might come in even lower. In my market that probably holds true. Some sellers might use the old saying.."I'll wait and tryto get more when the market picks up. Picks up? I wish I knew when that was going to be but it doesn't seem like it will be anytime soon.
I think the most important thing for us as professionals to understand is we have liabilities. In the back of our minds we know what the seller should do. But we really should stray from persuade them to do what we think is best. Unfortunately...if they make the wrong choice ....it could bite them in the butt.
I've been in this situation before. The way I try to help them is by bringing them the numbers again. I might sit down and explain to them what might happen but without forcing them into a choice. Thankfully after the transaction closes...they'll come back to me and thank me. They'll check and see that although they struggled with their choice...the value went down even more later on.
Making that decision can be stressful and takes a lot of thought.
For more information please contact Neal The Real Deal Bloom-Realtor® /Keller Williams Properties
I'd like to see which Realtor® you would consider yourself to be. Take a look at the list and I would love to hear from all of you. I'm not saying you have to be perfect or follow all of these...well maybe about 90% of them will tell you what type of an agent you claim to be.
This list comes from my past experience of the types of agents I've had the pleasure of working with and the not so pleasurable ones that make us all look bad.
I didn't itemize them so it could be operating as a listing agent or a buyers agent.
I'm all seriousness.....let's see if anyone will admit to mistakes they might have made.
Realtor® -A
Answers their phone.
Returns calls within 24 hrs or less.
Doesn't clog up their voice mail.
Follows up with their clients.
Follows up with other agents.
Has someone cover for you if you're out of town
Works the deal together no matter which side they represent.
Doesn't leave the other agent holding the bag.
Doesn't stall when things go wrong....tries to work it out.
When showing a property...they leave their card and lock the doors and put back the key where it belongs.
Takes 5 minutes to contact the listing agent if they plan on being late or cancels the showing.
When writing a purchase contract...they fill in all the information applicable to the transaction.
Sends their clients an updated analysis on a regular basis
Shows up at the inspection
Shows up at the appraisal if need
Shows up at the closing
Makes sure they have their client stay within the important time-lines of a contract.
Keeps everyone informed of any issues that might arise during the transaction.
Acts cordial and professional.
When meeting with clients...dresses professionally.
Always is on time
Realtor® -B
Never answers their phone.
Doesn't return calls.
Goes out of town with no way to contact them
Their voice mail is always full so you can't leave a message.
Their phone has a rap music ring-tone
Hardly ever follows up with their clients.
Never follows up with other agents.
Is more concerned when they'll get paid before putting their client's interest first no matter which side they represent.
Always leaves the other agent holding the bag.
Stalls and hides when things go wrong.
When showing a property...never leaves their card and leaves lights on and doors unlocked and takes the key with them.
Can't find 5 minutes to contact the listing agent if they plan on being late or cancels the showing and always blames the client.
When writing a purchase contract...they never fill in all the information applicable to the transaction and doesn't include escrow or pre-approval letters if applicable.
Does absolutely no marketing or make minimal effort to sell the property
Doesn't ever send their clients an updated market analysis on a regular basis
Never shows up at the inspection.
Never shows up at the appraisal if need be.
Doesn't even bother to show up at the closing!
Fails on behalf of their client to follow important time-lines of a contract.
Never keeps you informed of any issues that might arise during the transaction until they're approached and it's too late to remedy the issue.
Acts rude...arrogant and unprofessional.
When meeting with client's...dresses like they just came out of the gym.
Spends all their time bragging about how much they know...... but in essence really knows nothing and does nothing.
Always is late
For more information please contact Neal The Real Deal Bloom-Realtor® /Keller Williams Properties
It is a great time to buy so come see all the Century Village condo'sFor Sale. There are many condo's available now!
Century Village is located in Deerfield Beach Florida. This is just one of four different locations around South Florida. Depending on your destination you will also find complexes in Pembroke Pines,West Palm Beach,and Boca Raton.
Century Village has been leading retirement community for the last 35 years. H. Irwin Levy brought the idea to a group of investors back in 1968. He managed the project for a while...... watching it take shape and help build it into what it is today...."an active adult retirement community"
The complex is a gated community that is provided with 24 hr manned security and features a 145,000 square foot clubhouse,an 18 hole par 64 golf course,15 swimming pools,theaters featuring world class entertainmentand lake-front views.
The complex is a gated community that is provided with 24 hr manned security and features a 145,000 square foot clubhouse,an 18 hole par 64 golf course,15 swimming pools,theaters featuring world class entertainmentand lake-front views.
Century Village coined the phase "Now this is living!"
1BR,2BR and 3BRcondo's are available now at very affordable prices.
Condo's for sale in Century Village as of -6/2009
252 Condo's for sale-prices range from $27,000-$249,000
Current Pending sales in Century Village as of -6/2009
56 Condo's
Condos sold in Century Village over the last 90 days
124 condo's
The information listed here is deemed to be accurate, but not guaranteed.
For more information please contact Neal The Real Deal Bloom-Realtor® /Keller Williams Properties
South Florida Homes Still Selling Despite Rising Mortgage Rates
Despite interest rates rising almost 1% over the last month...homes are still selling in the South Florida area.
Buyers monthly payments are going up but because of lower asking prices.....it hasn't hurt our housing market.
The median price of a home in Palm Beach County was $223,000 last month which is down from the $380,000 price two years ago. In Broward County median home sales price of $364,000 two years ago to $180,000 in May. The number of homes sold has increased for 10 consecutive months.
I think this is happening due to the decrease in inventory I'm seeing in most cities. Also because many homes that have foreclosed are being held by the banks before they would consider re-packaging them and putting them back on the market.
Since the beginning of 2009...I've noticed that the inventory levels in Weston have dropped dramatically...maybe not as low as they were 5 yrs ago but a major turn that anyone would notice. This seems to be a trend going on in other cities as well.
So why is happening? Most likely its occurring due to many homes owners who have taken their homes off the market. This type of homeowner is someone who really doesn't need to sell. Then you have your foreclosures...short sales and REO properties. It seems that some banks are holding off putting these properties on the market. Apparently by waiting and then repackaging them later might help the Real Estate market recover.
2009 Market Report
Weston FL Homes for sale as of June 2009
796 Homes-Weston FL
Weston FL Homes pending as of -June 2009
364 Homes-Weston FL
Weston FL Homes that have closed over the last 90 days
My Short Sale is approved for the third time...now the sellers backed out!
It seems like I'm always putting out fires but I guess that's the business we choose.
You might ask how this is possible? I had this short sale that I've worked on for probably 7 months. The first two times the bank approved the deal in writing but both times the buyers couldn't get qualified. We were told twice that the buyers were approved by their lender and even showed proof of funds but they still couldn't get it closed....that's another story.
This time we get another buyer and throughout the process I felt pretty confident that this one would make it. The Realtor and the buyer and the lender were all willing to cooperate and supply any updates to us.
We were told by the lender that we would get the approval within 4-5 weeks which we did. And then the nightmare started. This transaction was an FHA loan and the seller needed to execute a required document that I had sent after the contract was executed. I was calling them almost everyday letting them know that the lender required it back fully executed but my clients (The Sellers) weren't returning my calls!
That got me a bit concerned but I kept trying. Maybe there was a family emergency and someone was sick or maybe someone even died and I figured they just didn't want to deal with it so I waited another week. I finally was anticipating the approval any day so I picked up the phone on a Saturday and blocked my phone number just to see if they were avoiding me. Well of course when I called...they picked up the call!
It turns out that they've decided to file bankruptcy because they are worried about the tax implications. They said they don't fall under the law that usually protects you if that property is their primary home.
They had originally lived there for 2-3 yrs yet they feel they don't fall under those dates. As of a week ago.... the buyers are now going to take legal action and sue for specific performance. I doubt they'll win...after all....the first lien holder gets anything awarded and if there's anything left .....it probably won't be much of anything. They want to close and they're ready.....willing and able.
I'm not sure what type of legal advice they're getting but I just hope they know what they're doing.
For more information please contact Neal The Real Deal Bloom-Realtor® /Keller Williams Properties
NEAL BLOOM | KELLER WILLIAMS PROPERTIES | 954 608 5556
1024 BERKSHIRE B, Deerfield Beach, FL
1BR/1.5BA Condo
offered at $59,000
Year Built
1976
Sq Footage
Unspecified
Bedrooms
1
Bathrooms
1 full, 1 partial
Floors
Unspecified
Parking
1 Uncovered spaces
Lot Size
Unspecified
HOA/Maint
$210 per month
DESCRIPTION
FULLY RENOVATED 1 BR 1.5 BTH READY TO MOVE IN ....JUST BRING YOUR TOOTHBRUSH...UNIT HAS BEEN TOTALLY REDONE.NEW CERAMIC TILE THROUGHOUT.NEW APPLIANCES,NEW KITCHEN CABS,COUNTERTOP AND LIGHTING. FIRST FLOOR HIGH RISE BUILDING WITH POOL VIEW .WITH-IN WALKING DISTANCE TO WORSHIP.
3 BR 2.5 BTH HOME LOCATED ON A REALLY NICE LAKEFRONT LOT,GREAT SUNSETS,ROOM FOR A POOL,UPGRADED KITCHEN WITH GRANITE COUNTER TOP AND UNDERMOUNT SINK,BEVILED KITCHEN CABINETS,WHIRPOOL APPLIANCES,CROWN MOLDING,CERAMIC TILES DOWN-STAIRS,NEW BERBER CARPETING UPSTAIRS,MANY DIFFERENT FRUIT TREES,EASY TO SHOW.
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