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SHORT NORTH: GREAT HOLIDAY MURAL AT THE SHORT NORTH TAVERN COLUMBUS OHIO - 11/30/09 09:33 AM
Thanksgiving This was created over the weekend by my talented daughter , Jessica. It is on the wall of the Short North tavern in the 600 block of High street of Columbus Ohio, just north of downtown. Stop in for some holiday cheer and view this great piece! short North Gallery hop this Saturday 12//5/2009! (2 comments)
WHAT WILL THE DUBAI DEBT SITUATION DO TO WALL STREET/MAIN STREET/ YOUR STREET? - 11/30/09 08:43 AM
Fall out from Dubai's debt crisis rippled across the globe Friday, as concerns of another wave of finacinal turmoil shows how vulnerable the world recovery remains. A year after the global slump derailed Dubai's growth the city-stae main investment arm, Dubai World was asking for at least a 6 month delay on paying back it's 60 billion debt. Major credit agencies slashed the debt ratings on Dubais' state companies, fearing a possible default London lenders HSBC holding snd Standard Charted could have losses of $611 million and $177 Million respectively according to early estimates. The US stack market reacted (3 comments)
Real Estate Calculator Application That's Worth Every Penny - 11/29/09 02:00 PM
A good little tool to make getting mortgage payments quick! Via Sam Miller (RE/MAX Stars Realty): Texas Instruments is well known as a leader when it comes to electronic calculators. For real estate industry the Texas Instruments BA II and the BA 35 have been used by top real estate professionals for many years. These calculators have been so popular that the CRS organization used to feature them in one of their training courses. The top real estate professionals who have these calculators cherish them because they are now fairly difficult to find in stores.
iPhone users need to visit the app (0 comments)
Easy SEO for your blog – Blog a Local Event - 11/26/09 07:21 PM
What a great idea to move up the Google list! Via Rich Rogala - Real Estate Marketing Coach (Consistent Clients): Dave Smith over at Real Estate Blog Lab always has great Search Engine Optimization tips (i.e. – how to get found in Google!) that he shares, but I really liked this one: How to Beat a Local Event in Google His tip here is one that’s really simple – many popular local events are NOT well optimized for search engine results, even though many people are probably trying to find information on them. By simply following a few of the steps Dave lays (2 comments)
Priority Challenge! - 11/26/09 07:19 PM
Good advice, we have all heard it before, but do we all do it? Via Rich Rogala - Real Estate Marketing Coach (Consistent Clients): Whether you’re swamped with new listings and active buyers looking for their next home, or just trying to scrounge up your next sale, it’s too easy to feel like your day disappears without getting much done. I think not having enough time is one of the biggest challenges for many Realtors, and it’s easy to go into day-to-day survival mode, moving from one crisis or past-due task to the next with no thought of where you really need to (0 comments)
I am Thankful for the 2 more refferals/ possible listing I got via Active Rain this week! - 11/26/09 07:02 PM
Received a call from an investor who found me on Active Rain. I had spoken with before, but he found my contact info on AR! The building he has to sell in near Ohio State University and is all brick, with 4 -one bedroom units. He is willing to price it reasonably and i feel not only can I list it, I may have buyer who can close by year end! Then I got a call from AR Sam Miller, who I have known for years. He is sending me a referral check on a property he just closed!
Another (4 comments)
New Listing! Overlooking the Ravine, 579 Glenmont, 3 Bedroom 2.5 Bath $390,000 - 11/25/09 11:26 AM
Nestled on the edge of your own Ravine, this 3 bedroom home offers high quality finishes throughout. Over $50K of improvements which include 600+ SqFt in the finished basement and a 2nd floor master suite with a full master bath. Newer roof and driveway. Situated on 2 lots, enjoy the peaceful setting while sitting on the patio looking at the ravine. ABC Home Warranty in place. OPEN SUNDAY 11/29/2009 1-3
Mortgage Loan Delinquencies Prepare To Set New Records In 2009 - 11/24/09 06:56 AM
Not the news we want to hear but what we NEED to hear! Via John Mulkey, Housing Guru (TheHousingGuru.com): The foreclosure mill continues to churn as mortgage loan delinquencies prepare to set new records in 2009. According to a report released by TransUnion, mortgage defaults increased for the 11th straight quarter, with delinquencies for the third quarter averaging 6.25 percent, up 58% over 2008.
Those states that have been particularly hard hit by the housing crisis will continue to suffer high rates of foreclosure; however, the overall rate is unlikely to experience a dramatic increase due to the various efforts at mitigation. (2 comments)
2366 Indiana Ave, 2 Three Bedroom Units, $95,000 - 11/23/09 12:22 PM
Long-Term tenants are on a month to month lease, Priced below other 2 units in the area to reflect low rent and conditions, drive by 1st, Go to Summit St, South to Maynard, Right on Maynard to Indiana, turn right. 48 hour notice to show. ABC Gas Warranty in place
2032 N 4th Street, Multi-Unit Listing, $179,000 - 11/23/09 12:15 PM
2 One Bedroom Units, 1 Two Bedroom Unit and 1 Three Bedroom Unit. 2 units vacant as of 11/23/09. Near OSU & Iuka Ravine and on bus line, Great home & income opportunity. Off street parking, can be sold with 2366 Indiana or 2474 N 4th Ave. Unit C $350, Unit D $375, Unit A & B vacant. A New Listing by Joe Jackson of the Jackson Team.
1632 Parsons Ave, 3 Bedroom 1 Bath, $35,000 - 11/23/09 11:58 AM
This single family 2 story home with 1,464 SqFt is situated on a 30 X 140 lot. Rent $602. Drive by 1st, allow 48 hours to show. Zoned C4, could be home and office, ABC Gas Line Warranty in place. Another New Listing by Joe Jackson of the Jackson Team
1088 E 16th Ave, 3 Bedroom 1 Bath, $39,000 - 11/23/09 11:52 AM
Vacant as of 11/23/09. This 3 bedroom single family home. Could rent for $550 per month. Good opportunity for a family's main residence or income property. This home features a Eat in Space/Kitchen, Dining room and a loft. There is one off-street parking and also on-street parking. ABC Gas Line Warranty in place.
730 Oakwood Ave, 2 Three Bedroom Units, $35,000 - 11/23/09 11:44 AM
A new Multi-Unit listing by Joe Jackson of the Jackson Team. Vacant as of 11/23/09. This 2 three bedroom duplex is located in the Olde' Oaks Historic District. The building SqFt is 2,464 and the lot size is 480 X 156. Bring a flashlight to see. Good FHA 203K Project.
333--335 Napoleon Ave, 2 Two Bedroom Units $59,000 - 11/23/09 11:27 AM
Vacant as of 11/23/09. Heat is Forced/Air Gas. No AC. Tenant pays Electric, Gas and Water. Building is 2,280 SqFt . Lot size is 50 X 129. 3 miles from I70 and James Road. Market Rent $500 per side. Bring flashlight. A New Listing by Joe Jackson of the Jackson Team.
WHAT WEB SITES ARE YOU USING TO GET INTERNET SUCCESS? - 11/22/09 02:39 PM
I really want to be more "virtual" but need advise from active rainers. What sites are your getting good hits that are ready to buy or sell in the next 6 months? I currently have a number -1 .com site and a real pro site, plus my company Keller Williams site. We get tremendous activity from number 1.com, but a very low conversion rate. Real pro is better for the "drip campaigns" and we feed our number one hits on both real pro and number 1 drip campaigns.
We use trulia, craigsiest and zillow, plus some other sites that number 1 send (9 comments)
Banks Losing A Major Source Of Revenue - 11/21/09 03:34 AM
Good consumer information! Via John Mulkey, Housing Guru (TheHousingGuru.com): In a ruling announced today from the Federal Reserve and set to take effect on July 1, 2010, Banks will no longer be able to charge the exorbitant overdraft fees that have become so common in recent years. A source of billions in revenue, these fees have become so common that many banks rely on them as a major source of profit. The new ruling requires customers to grant permission to the bank before payment of items that exceed the customer’s account balance and applies to debit card and ATM transactions.
It only took 7 months BUT we have another Bank Of America Short Sale Approval. Location: Kissimmee Florida. Details: Placed on the market with Tutas Towne Realty on March 1, 2009 at $89,000. Went pending on April 17th at $79,000 all cash Buyer. Mortgages: $188,000 owed on the 1st Mortgage with Bank of America. $25,000 owed on the 2nd with Real Time Solutions. Challenges: Keeping the Buyer on board for almost 7 months. The 2nd started out with (1 comments)
Claremont CA Realtor Loves Zillow - 11/21/09 03:28 AM
Maybe Realtors should look at Zillow differently after watching this! Via Spencer Rascoff (Zillow): Tisza Major-Posner of the Route66 Living blog talks about why she likes Zillow. Taped at the NAR Convention in San Diego.
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Walkable Neighborhood On The Rise - 11/20/09 12:40 PM
Homes located in walkable neighborhoods may be more valuable that homes located in car-dependent areas. Higher levels of walkability, determined by its walk score, may be increasing the value of the home. The higher the walk score, the higher the home value. The location of restaurants, schools, libraries, banks and retail shops are some of the amenities which help determine the homes walk score. It is possible that a one-point increase in a walk score could increase the sale value of a home from $700 up to $3000, depending on the market.
Selling Your Home During Holiday Season - Staging - 11/20/09 11:49 AM
Exterior Lighting - It should catch your eye, not blind you. Flashing lights and lawn figures may keep your prospective buyers from seeing the true charm and value of your home. Keep it simple. Simple white lights in moderation can compliment your home and make it feel festive and welcoming. Christmas Tree - For those with a smaller home, you may want to rethink putting up that tree. Prospective buyers are looking at the amount of space they have to work with. A tree can create the illusion of less space. Natural lighting can create the illusion of more space, so (3 comments)
Real Estate Training | How To List REO's - 11/18/09 03:11 AM
It does not matter if ou like it or not, the next wave of REO's is coming soon! Are you ready for it? Via Tim and Julie Harris (Harris Real Estate University): Quick, important blog post for you... Alarming new information is (finally) being released about how big...make that HUGE...the foreclosure problem really is.... Read the entire article on the blog NOW.<------Important Link, Click NOW. Here are a few facts for you: Fact: Every 13 Seconds Another Home Goes Into Foreclosure. Fact: Nearly 7,000 Foreclosure Filings PER DAY. Fact: There are Roughly 7,000,000 lender 'Shadow Inventory' homes....homes destined to become REO listings. (2 comments)
Home Value Report Seems Premature - 11/17/09 01:28 PM
Columbus was 1 of the 24 metropolitan areas studied. Columbus showed a rise in home values in the 3rd quarter this year compared to the 3rd quarter of last year. Home values rose in some out of the way places you might not expect such as Groveport, Hebron and Johnstown. But, there was a drop in value in areas such as Upper Arlington Worthington and Dublin. A few central Ohio real estate agents agree that the housing prices are starting to stabilize throughout the Columbus area. (0 comments)
Young & Wealthy Find Delaware County to be Home - 11/17/09 12:29 PM
Delaware County was the only Ohio location to make the list taking number 8 out of the top 10 counties in the U.S. where the concentration of the young and wealthy live.
New Wave Of Foreclosures Likely - 11/17/09 11:40 AM
During the month of October 11,646 foreclosure notices were filed in Ohio according to RealtyTrac, a California-based foreclosure service. It looks like Ohio might be heading into another round of foreclosures after these figures were released. There has been an increase in lawsuits filed by lenders against homeowners. The 4,628 suits filed are also included in the number. This is 16% more then in September. The number of loans 90 days delinquent has not been declining so it looks like we still cannot see the light at the end of the tunnel. The 90 day delinquent loan numbers have been increasing (0 comments)
2414-16 Adams Ave, 2 Unit $142,500 New Listing by Joe Jackson of the Jackson Team - 11/17/09 10:24 AM
2714-16 Adams Avenue can buy with 2420-22 Adams. Frame 2 unit fully leased on 11-16-09. See vacant unit at 2422 Adams first. Good North University rental. Forced Air/Gas, Owner pays sewer. Tenant pays electric & gas. Income & expenses projected. Subject to 3rd party approval. New listing by Joe Jackson of the Jackson Team.
2420 Adams Ave, 2 Unit $142,500 New Listing by Joe Jackson of the Jackson Team - 11/17/09 10:05 AM
2420-22 Adams Ave - Can be bought with 2414-16 Adams. Call listing agent for occupancy status. One side leased @ $750 11-16-09. Vinyl sided 2 unit, 3 Bedrooms per side. Forced Air/Gas, Owner pays sewer & water. Tenant pays electric & gas. Income & expenses are projected. Subject to 3rd party approval.
323 E 16th Ave, 2 Unit $165,000 New Listing by Joe Jackson of the Jackson Team - 11/17/09 09:10 AM
323-25 16th Ave - 3 Bedroom, 2 unit with walkup 3rd floor for Bedroom #4. One unit leased @ $975 as of 11-16-09. Steps to COTA & OSU busline, great street of well-kept properties. Updated AC, furnaces & a new roof. 4 Bedroom, 1.5 Baths, see vacant unit first and occupied side with contract.
Wednesday and Thursday November 18 and 19 from 4-7 pm will be this weeks clinics. They will be held at Xenos Christian Fellowship at 1390 Community Park Drive on the north side, just off Cleveland ave, south of I-270 (4 comments)
The Real Estate Market is Dead! Did you hear? - 11/13/09 02:23 PM
Aren't you tiered of hearing comments like the headline below? Great words of wisdom in this blog! Via elgin walker (keller williams vip properties): Weren't those the headlines? Wasn't that the word of the day? You still hear that all the time. We haven't bottomed yet! Wait to buy. Don't catch a falling knife (I think I used that one...hahahaha) We are witnessing a collapse of Real Estate as we know it! Let me ask you a question, Have you or anyone you know actually attempted to purchase a home lately? If not let me tell you what those of us that actually WORK (1 comments)
FANNIE MAY OFFERS LIFE LINE TO SOME OWNERS IN DISTRESS - A One Year Lease Option, Rather Than Foreclosure! - 11/13/09 02:21 PM
This is a good topic to diacuss, do you tink they will have any success? Via Dean Moss - Dean's Team Chicago Real Estate Team (Dean's Team - Keller Williams Lincoln Square Chicago): Inundated by thousands of homeowners on the brink of losing their homes to foreclosure, giant U.S. Mortgage Investor and Guarantor Fannie Mae has created a program that will allow many of those who face losing their home the opportunity to lease them for up to one year. For most distressed homeowners, that's a far better option than being evicted. As reported by Nick Timiraos in last Thursday's Wall Street Journal, (0 comments)
MARKET REPORT for CENTRAL OHIO - OCTOBER 2009 - 11/12/09 12:32 PM
OCTOBER 2009 AVERAGES Homes Sold - 1414 Sold Price - $202,964 Price Per SqFt - $109.54 Days on the Market - 90 The average days on the market for October 2009 is 90 compared to October 2008 being 93. The averages in pricing in October are affected by a high listing price of $1,950,000 with a high sale price of $42,310,798!!! Now just imagine selling a home at $18,838.29 per sqft... WOW!!!
CLINTONVILLE MARKET REPORT OCTOBER 2009 - 11/12/09 11:03 AM
October 2009 Averages Homes Sold - 48 Sold Price - $188,410 Price Per SqFt - $133.38 Days on the Market - 88 This is in comparison to the October 2008 stats being 41 homes sold with the average sold price of $205,503 and the days on the market being 90.
Industrial Real Estate Market in Columbus - 11/12/09 09:50 AM
In Columbus, the industrial real estate market continues to suffer from the impact of the recession. It could be mid-2010 before the vacancy rates start to improve. According to a report by real estate service firm Colliers International, the bulk market, which includes properties of 100,000 square feet or more, had a dismal third quarter. The year-to-date total was brought into the negative numbers when nearly 815,000 square feet of space became vacant during the quarter. Colliers' Columbus office does not see any real positive signs as we approach the end of the year and at best it might be mid (0 comments)
5329 Hedgewood Road, 3 Bedroom 2 Baths, $109,000 - 11/11/09 09:42 AM
Priced $30,000 below tax appraised value. On a quiet street of well-kept homes in Forest Park West with refinished hardwood floors, updated Baths & freshly painted inside & out. Basement is part fin and could add 600+ sq ft of living space. $8000 tax credit for 1st time buyer! Great neighborhood with active community association. Listed by Joe Jackson of the Jackson Team
214 E Pacemont Rd, 3 Bedroom 1 Bath $180,000 Listed by Sue Hanson of the Jackson Team - 11/11/09 08:31 AM
Classic Clintonville! Marvin wood windows up and in dining room, stain glass windows in dining room, hardwood floors through out, , new hardwood floors down. Gorgeous woodwork, built in book cases flank the fireplace. Lovely 2 level deck. Efficient furnace. Block 2 car garage. NICE! Listed by Sue Hanson of the Jackson Team.
AARP Backing Health Care Bill - 11/10/09 11:22 AM
AARP and the American Medical Association are both supporting the health insurance reform bill that will soon come up to vote in the House of Representatives. AARP being composed of over 40-million strong seniors, this is no small endorsement. President Barack Obama heralded these two major endorsements for his health insurance reform bill overhaul as House Democratic leaders pushed toward a vote Saturday on the far-reaching legislation remaking of the U.S. health-care system.
Rich Barton (Zillow CEO) Speech at Startup Day (Sept09) - 11/10/09 02:41 AM
A good view for all of us on active rain. BTW Zillow's 3rd quarter report showed home values drooped 7% nationwide. My market in Central Ohio was one of the few that showed an increase in price! Via Spencer Rascoff (Zillow): Great speech by Rich Barton, Zillow's CEO. A must-watch for any entrepreneur.
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some short lenders ARE getting it! - 11/08/09 08:42 AM
I certainly hope the lenders are getting the short sale process! Via elgin walker (keller williams vip properties): Okay can you believe it? Some lenders are FINALLY getting it! It is so muc more cost effective and such a better business decision to allow people to short sale (if its legit of course) versus going all the way through the foreclosure process! I had a lender tell my homeowner they could not or would not modify their loan, but they would immediately stop any foreclosure proceedings and cooperate with a short sale if they followed these simple steps:
Anyone have a good source for this information? (3 comments)
First Time Home Buyer Credit EXTENDED....and EXPANDED! | Real Estate Training - 11/06/09 10:23 PM
This is one of the best AR blogs on the extended tax credit. Thanks Tim and Julie!! Via Tim and Julie Harris (Harris Real Estate University): Here it is....the news we have all been waiting to hear.... This is reason to celebrate....the 'first time home buyer' $8000 tax credit has been extended...and....you will love this....it now includes.. MOVE UP BUYERS. Of course, there are many rule...limitations and other sticking points that you need to be aware of. But, bottom line...they have extended the credit. Watch the CNBC Video NOW (0 comments)
Social Media. How to. What to. When to. Who to. - 11/06/09 10:14 PM
This sure may my eyes and ears open up!Take time to read this great post! Via Bryant Tutas-Tutas Towne Realty, Inc: Social Media. How to. What to. When to. Who to.Have you ever wondered how many Social media experts there are out there? If you do a Google search for "Social Media Experts" you get 80,000,000 results. Holy crap Batman!! Now I'm sure this figure is waaaay off so let's say there are a million "Social Media Experts". A million people telling us....... How to interact with others online. What to write/post/tweet/update about. When to write/interact/tweet. Who to befriend, become a fan (0 comments)
Fed To Keep Interest Rates Low . . . for the Time Being! - 11/06/09 10:10 PM
This is an informative post by Dean with good financial data Via Dean Moss - Dean's Team Chicago Real Estate Team (Dean's Team - Keller Williams Lincoln Square Chicago): The U.S. Economy is improving, despite a 26-year high in the U.S Unemployment Rate. Interest Rates are low - less than 5% for some borrowers. President Obama today extended the popular First Time Homebuyers Creditwell into 2010, and extended to program to include many existing homebuyers as well. But inflation is low. The Real Estate Market is still sluggish, here in Chicago, and across the U.S. And the Fed, it seems, is not planning (4 comments)
CDPE - 11/06/09 05:09 PM
Well worth your time to go the web site www.CDPE.com. Lots of great resources there even if you are not a member. It can help you find a short sale expert for out going referrals.
This class had great content and marketing ideas and was worth every penny! How many on AR have taken this class? (1 comments)
Lot's of good info in this class, getting ready for day 2. I suggest you visit www.cpde.com and check it out.
Have you taken this class, and if so, what is your opinion?
Are you doing short sales and are finding challenges? Let's share some information to help move this process along for all of us! (6 comments)
New Listing, 725 Melrose Ave 3 Bedroom 1 Bath $57,000 - 11/04/09 12:06 PM
Clean, ready to move in home - new kitchen and bath, newer windows. This home has been freshly painted inside & has new carpet in the upper level. ABC Home Warranty in place. New ceiling fans and some new interior doors. Easy to see, quick possession. Near Weber Rd, freeway and Como Elementary School.
6.1 Percent Rise in Pending Home Sales - 11/04/09 10:11 AM
In September, pending home sales have risen. The housing market has been rebounding from the worst downturn in decades. The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September. Buyers scrambled to take advantage of the $8000 tax credit for first-time owners which expires at the end of November. An aggressive federal intervention to lower mortgage rates has brought more buyers into the market.. Pending sales stats: West ↑ 10% Midwest ↑ 8% South ↑ 5% Northeast ↓ 2% Congress is currentyl moving to extend the credit to buyers who sign a sales (4 comments)
278 S Monroe Ave, 3 Bedroom 1.5 Baths Sold for $20,000 - 11/03/09 11:19 AM
Sold to settle an estate. Sold As - Is, where is. Easy to show! Great brick renovation project in Olde Town East. Exterior, Brick and Vinyl, Dining Room, Eat Space/Kitchen, Living Room, Forced Air, Gas, Fenced in Yard, One Off Street and One On Street Parking. Garage not accessible, in poor condition. Sold by Joe Jackson of the Jackson Team.
The Statehouse canons will be fired on the West Plaza of the Ohio Statehouse to begin the parade in honor of Ohio's veterans. This U.S. holiday stretches back to the end of World War I and commemorates the nation's thousands of combat veterans who fought in the service of their country. There are 1.8 million female veterans as of 2008. There are 9.2 million veterans 65 and older in 2008. At the other end of the age spectrum, 1.9 million were younger than 35. As of 2008, there are 50,000 living veterans who (2 comments)
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