Allison Stewart Broker Realtor Insights

Do Seller's Fully Understand That a REALTOR® is a Marketing Specialist?

Florida Pines Realty, LLC — Thu, 17 Dec 2009 08:00:00 -0600

The role of REALTOR® is often one which is misunderstood. It conjures imagery of a suit claded attache carrying, fast talking snake oil salesman. But in reality, Realtors® come in all shapes and sizes. Basically we are Marketing Experts. Anyone who has tried to sell a home themselves, can attest to the fact that it is not an easy feat partiularly in this market.

Few Sellers however, have a true detailed knowledge of what a home is truly worth, or a plan to effectively and efficiently sell their home. Their prices are often subjective. Their resources to determine value are not neccessarily accurate and in reality they no viable way of pre-screen perspective buyers.

THE MAIN OBJECTION- independant sellers have to hiring a professional REALTOR® is paying the commission. They don't really understand what they are paying for. Most For Sale By Owners have planted a sign firmly intheir front yard, and are waiting for the phone to ring. But, there is more to effectively marketing a home than that.

Did you know that 80% of prospective buyers use the Internet? They will not see your sign. The MLS (Multiple Listing Service) is only one venue- there are dozens of sites that consumers will visit when previewing property. It is a combination of marketing tools and techniques that a Realtor® will use to promote your property and help you achieve a sale. Combining these elements, with vast experience in prior sales, proper pricing, and staging tips as well as contract expertise and negotiating skills will all culminate into a successful sale.

So before you look at the possiblity of going it solo, you may really want to sit down and consult with your local Realtor®. do a little research on the Internet, and talk to several agents before selecting the one you feel most comfortable with.

REALTORS® ae there to help you- pick their brains a little and find out what your home is worth in today's market.

St. Cloud Florida Real Estate Broker/Associate,

St. Cloud Florida Homes For Sale, Buying HOMES In St. Cloud Florida, Real Estate Agent specializing in Osceola County Homes ,Townhomes, vacation properties, land, & Investment Properties-Allison Knows Osceola County, Fl.

HOW DOES AN EXTRA $1500 SOUND? REPLACING OLD WINDOWS COULD BE A BIG BENEFIT

Florida Pines Realty, LLC — Thu, 17 Dec 2009 07:27:34 -0600

OLD HOMES COULD HOLD A SECRET WINDFALL- LITERALLY IN THE WINDOWS. How does a tax credit of up to $1500 sound? On top of the home buyers credit, homes with windows older than 15 years who upgrade to more energy efficient windows will also qualify for an additional tax credit.

With the economy tightening up, many homeowners are not making many improvements, The key is selcting the improvements to make which will pay you back. Windows, & skylights qualify.

So when buying older homes, be aware of the hidden benefits that may be as transparent as glass! There is money available throughout 2010 and the credit comes off your taxable income.

St. Cloud Florida Real Estate Broker/Associate,

REAL ESTATE OSCILLATES- ABC'S BROAD GENERALIAZATION IS OF SERIOUS CONCERN

Florida Pines Realty, LLC — Wed, 16 Dec 2009 07:16:16 -0600

Did you happen to catch this little ditty? ABC REPORTS HOME PRICES PREDICTED TO PLUNGE IN 2010 REALLY? If you have not read this please take a minute and do so. The writer seems to use a rather broad brush to paint a bleak picture. Florida is comprisedf of 64 Counties- not all are suffering to the extent this writer would have the average reader believe.

Below is my response to him.

In my market of Osceola County, sales prices are in fact rising. We hit bottom last December, and sales have consistently risen along with price gains since that time. I think generalizing that the entire state is expected to "plunge" inaccurate.

There are depressed areas everywhere in particular Poinciana for instance which is serious trouble, but even there sales are increasing as banks strive to liquidated inventory. I think localizing such a broad and sweeping statement, would have been a better presentation that to generalize and encompass the entire state.

As a licensed Broker-Assoc, and columnist for St. Cloud in the News, as well as a featured blogger on www.Activerain.com/blogs/astewartrealtor I am ranked #1 in Osceola County and #1 in St. Cloud.

What I am seeing is a spike in sales in the lower end homes, multiple offers on short sales and bank owned properties, and private seller not in distress sale predicaments returning to the market. Buyers are able to get bargain priced homes even after the recent HVCC changes affecting appraisals.

By all indicators, and with mortgages at historically low rates it sales prices will continue to gain moderate moment in 2010 and in tandem with the extended Tax Credit Incentive which was expanded to include buyers who have previously owned homes in the last 3-5 years, sale prices will inevitably rise at the historic average of 6% (which was the normal rate of appreciation of appreciation for over 30 years until the bubble)

Least of all let us not forget, that the bubble was a combination of lose lending practices, reduced available inventory and frenzied buyer demand. These conditions do not exist today- builders are not overbuilding in Osceola County as they did in 2005-2006. Real Estate Oscillates it always has, and it always will. It is not the doom and gloom, the homes falling into foreclosure were predictable by lenders during the boom when so called "Stated income" loans and creative financing paved the way for marginal buyers to fail. And they did.

Today, what is evident is that more home sare rotating off the market than are coming on. Here in my Market of St. Cloud/Kissimmee it is apparent that the market is stablizing.

St. Cloud Florida Real Estate Broker/Associate,

2010 BETTER OR WORSE?

Florida Pines Realty, LLC — Tue, 15 Dec 2009 07:43:32 -0600

REAL ESTATE TRENDS FOR 2010 By: Allison Stewart, Broker-Assoc, Contributing Writer

If you have been following my Real Estate column in St. Cloud in The News over the past year, you may have seen some pertinent articles which addressed topics before they were all over the National News. The Recession for example, or the increase in home sales, the shift from larger homes to smaller ones and the impact the world economy would have in our neck of the woods.

The economy certainly is of major concern to most St. Cloud, Florida residents, the business sector has been hard hit as consumers scale back purchases. Sales of commercial property have been sluggish, and more businesses have closed rather than sold. Commercial property is particularly difficult to sell due to impact fees which can be cost prohibitive in a down economy. But what is happening here in St. Cloud,Florida is happening everywhere.

A quick trip down the 192 corridor is a stark reminder that businesses in St. Cloud, Florida are struggling. Pet Pantry for instance has decided to close after 50 years of loyal service to our community. "We tried to sell it for five years and decided we would just close it" the owner said. Bargain hungry shoppers took advantage of the 50% discounts the store was offering in its final days. Ruth's Deli, Whistle Junction, Main Street Uptown Grille, Bonnie Lee's Chicken, Living Legends Furniture, C-21 and Remax, and several other local small businesses...all gone.

There have been a few success stories though. Capello's Pizza and Diane's Creations and Tea Room made their debut this year. Businesses attract investors, as long as they have solid records, profit and loss statements, a three year tax history and employ at least two Americans they can be a viable commodity. In times of prosperity, a healthy business is worth two and one half times their gross sales. In lesser economic times prices must reflect what the market will bare.

But the question one may ponder is... isn't something better than nothing or a loss on an inventory liquidation sale? Perhaps. Foreign Investors look for certain opportunities. Visa requirements have tightened post 9/11 and as a result it is more difficult for foreign investors to get the Visa's they need enabling them to live and work in the U.S. so records which show a business is viable are very important in ticking off the right boxes.

Which leads us to developing a better business plan to market and sell local businesses. Did you know that over 80% of buyers begin their search on the Internet? Well according to a recent survey conducted by the National Association of Realtors® they do.

Which means home sellers and business owners must have a way to tap into the World via the Internet. The reason most businesses fail to sell is no one really knows they are for sale and the asking price is not reflective of what the market will bare. The same applies to Home Sales.

Existing homes have depreciated 30-40% during this economic readjustment from their over inflated high values 2-3 years ago. Hyper inflation of home value was caused by limited supply and high buyer demand and relaxed lending practices. All of which do not apply today.

It is still possible to have equity in a home. Depending on when the home was purchased. What has changed is the realistic overview of what the true value in today's market really is. There are several types of value. Replacement Value for instance, what it would cost to rebuild if disaster were to strike, appraised value is a measure of what it worth predicated on prior sales of similar properties. This is the most common measure of current market value.

IS VALUE PREDICATED ON IMPROVEMENTS?

Most often home owners assume the granite countertops, and upgraded amenities will automatically add value to their property, this is not necessarily the case. You are less likely to see a dollar for dollar return on those improvements. The same applies to swimming pools.

By now everyone realizes that foreclosed properties diminish value which affects what a non distress sale will achieve. Some developments have been harder hit than others, but the sad truth is foreclosures and short sales are everywhere and they have an enormous impact on overall home values.One million more foreclosures are expected in 2010 nationwide.

This is bad news for sellers but good news for buyers. Buyer have to meet tighter criteria to qualify for loans as credit continues to tighten but mortgage rates have remained low and attractive. Hovering just under 5% for a 30 year fixed rate loan.

But the turn over of banked owned homes is on the rise, in St. Cloud Florida which means people are buying. This year while prices and mortage rates have remained low and inventory has remained high, more homes have sold than in the previous year. This could also be attributed to the first time home buyers tax credit (up to $8000) and relaxed VA and FHA requirements. The tax credit has been extended to April 2010 and was expanded to include second time home buyers (with certain requirements)

There are approximately 700 homes currently for sale in St. Cloud, Florida (all three zip codes combined) but the market is still price driven. So will 2010 be the year you buy? Or the year you sell? Those people waiting out the market in hopes of another spike or surge may be disappointed- the culmination of the perfect storm is not in the forecast for that to occur.

St. Cloud Florida Real Estate Broker/Associate,

SMALL BUSINESSES WANTED- ST. CLOUD FLORIDA

Florida Pines Realty, LLC — Sun, 13 Dec 2009 06:48:38 -0600

St. Cloud Florida, Small businesses which the owners have worked in some cases for decades have hit hard times. But an alarming number of business owners are choosing to close their doors as opposed to selling their businesses. Of course each time this happens more people are out of work. The alternative is find an aggressive agent to facilitate the sale of your business and can structure a sales price which will attract buyers. There is hidden value in an established business most people take for granted. The key is ticking off all the pproper boxes.

FOREIGN INVESTORS HAVE SPECIFIC CRITERIA

I am asked frequently by foreign investors to find business opportunities for them. This is in part due to Visa requirements. A surprising number of small businesses are poorly documented. This disqualifies them from being a more valuable commodity. Investors need a documented business to obtain a Visa.

Obtaining an E-2 Visa has several requirements which are easily met on a local level.

1) A Business Investment can be as little as $100,000-150,000 and may include gift money

2) The business must be established and have proper tax documentation (tax returns for 3 or more years)

3) It must also employ 2 or more Americans.

There are many small businesses which is presented properly, have the potential to do well and will satisfy the Visa requirements.

LOOKING FOR OPPORTUNITIES? or READY TO SELL?

Please contact me, I am in the process of working with many small business owners, and may be able to assist you.

Allison Stewart

Broker-Assoc

Florida Pines Realty

St. Cloud Florida Real Estate Broker/Associate,

ST.CLOUD'S BEST KEPT SECRET- DIANE'S CREATIONS & TEA ROOM ST. CLOUD FLORIDA

Florida Pines Realty, LLC — Fri, 11 Dec 2009 08:25:48 -0600

DIANE'S CREATIONS AND TEA ROOM IN ST. CLOUD FLORIDA MAY JUST BE ONE OF THE COOLEST PLACES YOU HAVE EVER SEEN. Located at 1023 New York Avenue, St. Cloud Florida 34769, it is a hidden jewel and a really unique place to visit and eat when in St. Cloud, Florida. It also has some of the best fresh cooked delights you will ever taste. As a leading Realtor in St. Cloud FloridaI am always looking for unique places to take buyers during our house hunting outings, this one is absolutely a gem.

When visiting St. Cloud Florida make a point to stop in for lunch, browse the antiques and original crafts that Diane's Creations & Tea Room is famous for.

Diane's Creations & Tea Room is open from 11:30-6pm Tuesday -Friday and from 11:30am-5pm on Saturdays.

Diane Watkin's is the owner of Diane's Creations & Tea Roomshe makes some of the best culinary delights which will excite your pallet without draining your wallet.

The Tea Room is warm and inviting and features a magnificent stone fireplace, and is a browsers delight.

Sample some Homemade quiche, or Soups and sandwiches. Recently opened, Diane's Creations & Tea Room is already a local favorite eattery in the Historic District of St. Cloud Florida for many of the Groups and Organizations in St. Cloud Floridawho have booked it for private parties and intimate gatherings. You will feel as though you are stepping back in time walking through the doors.

Diane's Creations & Tea Room in St. Cloud, Florida makes some of the finest scones you taste anywhere.

Photos Courtesy of Allison Stewart Realtor- local Real Estate Expert

The unique ambiance of this very intriguing shop/eatery is just delightful.

THIS IS A St Cloud Florida MUST VISIT PLACE!

St. Cloud Florida Real Estate Broker/Associate,

IS A "BOUTIQUE REAL ESTATE BROKERAGE" RIGHT FOR YOU?

Florida Pines Realty, LLC — Wed, 09 Dec 2009 07:59:50 -0600

IS A "BOUTIQUE REAL ESTATE BROKERAGE" RIGHT FOR YOU? A "Boutique" Real Estate Brokerage, is not a franchise. It is a privately owned and operated. In my market St. Cloud Florida boutique Real Estate companies are out numbering big box franchises.

Most Boutique Brokerages employ locale agents, and service local home owners. The largest advantage it would appear in utilizing the services of a Boutique Brokerage, is the absence of additional fees. Some large corporations employ added fees which cover the costs of doing business. These fees are relayed to Sellers and Buyers. They typically are called "Transaction Fee" or Processing Fees" and can add an additional couple of hundred dollars to the transaction. These fees generally offset the cost of the office support system. Additional employees the office hires outside of agents who are commissioned based.

So how does a consumer decide? Which type of brokerage is best for you? All brokerages utilize the services of the Multiple Listing Service which is run by Local Real Estate Associations. In addition the public also has access to these types of sites via the Internet, although less detailed.

In my market of St. Cloud Florida, several of the larger franchises have closed in the past year. Ones you would not necessarily expect, since they advertise heavily on TV. And yet surprisingly, the boutique Real Estate Brokerages have blossomed. In part it is because of the business models they have established. In slow economic times, Real Estate Agents can scarcely afford to pay desk fees, transaction fees, sign installation and removal fees, MLS dues, Key fees, advertising costs, and still make a living.

As a result, recruiting agents gets more difficult. Meanwhile, the overhead of the office continues to slowly drain the brokerage until they can no longer make the rent and close.As a result, the boutique Real Estate offices have a distinct advantage in attracting well qualified agents.

REAL ESTATE BROKERS AND REAL ESTATE AGENTS...WHAT IS THE DIFFERENCE?

Real Estate agents are licensed by the State but must work under a Licensed Real Estate Broker. This is something most people do not know. The Real Estate Broker is responsible for their actions, and runs the office as well as sells and lists properties. The license for a Real Estate Broker is more substantial and difficult than for that of an Agent. In addition, here in Florida there is also a mandated experience requirement. Real Estate Brokersmust have 2 years experience, before they can become a candidate for a Real Estate Brokers License. A Broker-Associate is a fully licensed Real Estate Broker who chooses to work for another Broker rather than open a firm independently but they have passed the State Exam and are legitimate Real Estate Brokers.

As a consumer, whether you are buying or selling knowing a little more about how a Franchise works verses a smaller Boutique Real Estate Brokerage may save you money. QUESTIONS?

St. Cloud Florida Real Estate Broker/Associate,

HOLIDAYS ARE A GREAT TIME TO GO HOUSE HUNTING

Florida Pines Realty, LLC — Tue, 08 Dec 2009 17:11:42 -0600

DID YOU KNOW THAT SALES IN DECEMBER GENERALLY ARE HIGHER? the holidays are a great time to go house hunting especially in my area of St. Cloud, Florida, perhaps it is because of the close proximity to the major attractions, or beaches. In part it is because more visitors come to the Orlando Area during the winter months. As a result, many visitors decide, Florida may be the perfect place to buy a home. As a result, sales go up.

ARE YOU DREAMING OF A NEW HOME?

THE REASON MOST EXPERTS AGREE IS BECAUSE BUYERS ARE IN A BUYING MINDSET. Sellers conversely are in a more giving mindset which leads to greater compromise.

Sellers who have relocated or are planning to are more likely to want to sell their homes before the end of the year.

This can be very advantageous to buyers who are already seeing record low prices.

IF YOU SNOOZE YOU LOSE ON THE FAST MOVING BANK OWNED OWNED PROPERTIES

2009 will end with higher existing home sales than the previous year. This is attibuted to the sales prices being lower than in the previous year. The market in St. Cloud Florida bottomed out six months ago.

FOR WHAT IT WOULD COST TO LEASE A CAR- YOU COULD BUY A HOME.

CANADIAN VISITORS HAVE DISCOVERED THE STRENGTH IN THE CANADIAN DOLLAR HERE IN FLORIDA IN FACT 800,000 OF THEM ARE EXPECTED TO VISIT BEFORE THE END OF THE YEAR.

St. Cloud Florida Real Estate Broker/Associate,

WHRE DO THE LOCALS LIKE TO GO IN ST.CLOUD FLORIDA?

Florida Pines Realty, LLC — Tue, 08 Dec 2009 16:56:04 -0600

WHERE DO THE LOCALS GO IN ST. CLOUD FLORIDA?

Main Street Uptown Grill is now up for sale. (Pete and Peg's old place) It was known for pizza and all you can eat seafood catfish. Unfortunately the downtown district has been hard in the recession, and several places have closed that being one of them along with the St. Cloud Hotel, bar and Restaurant, and Ruth's Deli.

The Hunter Arms Hotel is still open, it dates back to 1926 and is an awesome place to stop, stay and see when visiting St. Cloud Florida which has a wonderful Art Deco style and a lovely restaurant adjacent to it called The Silver Lining Cafe (The owners are from NY) and it has an absolutely delightful dining garden in the rear for dining alfresco!

Capello's Pizza just opened onthe corner of 192 & New York Avenue and they feature New York Style Pizza, and desserts. Excellent place to eat by the way when you are in town.

For a List of restaurants Click here

Are you thinking maybe now is a goodtime to relocate? Call me!

St. Cloud Florida Real Estate Broker/Associate,

INCENTIVE... WE DON'T NEED NO STINKING INCENTIVE- GRABBING GOOD DEALS

Florida Pines Realty, LLC — Sun, 06 Dec 2009 13:20:47 -0600

As 2009 draws close to an end, many people in St. Cloud, Florida will happily be counting their returns. Not holidays gifts which fail to fit, are the wrong size, color, or label. No, they will be counting the dollars their tax returns will give them for having bought a home this year. Closing costs, moving expenses, insurance, and mortgage interest may all be tax deductible. Add to that, the tax incentive of up to $8000. They will be easy to recognize, they will be the ones grinning in April 2010.

Many will be grinning for years to come, as they realize the potential advantages of having bought a home when prices were at their lowest point in nearly a decade. They will be the envy of those who procrastinated when they reveal what they paid for their home five years from now.

Consumers who started looking in June 2009 realized by December 2009 their choices in the lower end home price ranges had slowly diminished. From too many to decide which one was best, to only a few they could afford in the same price range, six short months later.

All but one of my summer buyers found homes they absolutely love. Four were purchased sight unseen through the use of detailed photographs, video and now the dasher program powered by Google. The remaining guy is still looking wondering if prices will go lower. The only thing shrinking is the inventory. Seems more homes are rotating off than are coming on the market here in St. Cloud Florida. That is not to say, that a new wave of foreclosures won't be hitting the market in the coming months. They will. But as each sale rises slightly over the ones before it, we are seeing growth in prices albeit moderate.

What we are hoping for is the continued slow rise in prices which are gaining momentum month over month. This has happenened consecutively for the past 6-8 months. What we don't want to see if the sudden spike like we did back in 2005-2006 when the housing supply in St. Cloud Florida was low and buyer demand was high. (That is the bases for inflationary pricing) So A slow gradual rise, eases the market gently into a positive direction.

Here in St. Cloud, Florida the economy is stabilizing. We need more jobs, and businesses in order for our local economy to thrive as it did in 2005-2006. Our area is not industrial, agricultural, or a tourist destination. But service businesses, and eatteries are always enhancing the local landscape.

St. Cloud, Florida is a bedroom community which services the Lake Nona Area, Disney, and Orlando areas. Located 30 minutes west of Melbourne, 30 minutes east of Disney and 30 minutes from orlando Internatinal airport and the beaches it is no wonder why its location as a bedroom community is so popular.

Jobs for the most part in Orlando have been stable except in construction. In part that is to the credit of the tourist industry fueled by the three major theme parks, Disney, Universal Studios, and Sea World which here are the primary employers next to health care. Commuting for workers is simple and easy.

If you have been waiting and wondering if NOW is the right time, based on what I am seeing int he trenches I would say YES. Interested in knowing more? Contact me

St. Cloud Florida Real Estate Broker/Associate,

IS GUIDANCE FROM THE TREASURY WHAT SHORT SALES NEEDED?

Florida Pines Realty, LLC — Fri, 04 Dec 2009 08:45:18 -0600

The Home Affordable Foreclosure Alternatives Program provides financial incentives and simplifies the procedures for completing short sales, a growing practice in which a lender agrees to accept the sale price of a home to pay off a mortgage even if the price falls short of the amount owed, according to an announcement by the U.S. Treasury.

The U.S. Treasury has set long-awaited guidance on a plan for mortgage companies to expedite the "short sales" of homes and other loan modification alternatives designed to stem a rising tide of foreclosures.

Barriers that have often sidelined short sales for instance the time it takes a bank to approve an offer, refusing to free borrowers from debt and satisfying claims of subordinate lenders (which recently have been on the rise) will now have guidance from the Treasury Department.

Frustrating for borrowers, buyers and Real Estate Agents, short sales require that an agreement be reached between the primary lender of a property (that has a market value lower than what is owed against it) as well as any other loans such as a second mortgage or equity loan, often resulting in the lenders taking steep losses on defaulted loans by borrowers who simply cannot keep up with their payments. In tandem with declining market values which left home owners with property which has lost on average 30-40% of its value from the over-inflated market prices back in 2005-2007.

Real Estate Agents have complained that sales fall through for several reasons.

1) Buyer tired of waiting for as much as 6 months for an answer to their offer

2) Appraisals do not support what the bank wants to release the lien(s)

3) Secondary Mortgage holders will not accept what is offered to release their liens

4) Borrower accountability:

Buyers do not want to be held financially responsible by either signing a Promissory Note for a reduced payoff over a fixed period of time, or tax consequences if the debt is forgiven it was converted to passive income and income taxes were applicable- both carrying severe consequences for home sellers already in distress situations. Compounding the rush to bankruptcy as a means of debt forgiveness.

UNDER THE NEW GUIDANCE

Financial incentives for completing short sales or similar deed-in-lieu of foreclosure transactions -- in which the deed is simply transferred to the lender -- include:

1) $1,000 payment to lenders,

2) a maximum of $1,000 to go to investors who sign off on payments to subordinate lien holders, the Treasury said.

3) Borrowers would receive $1,500 in relocation expenses.

The government's Home Affordable Modification Program, known as HAMP, has previously failed to succeed in lowering payments for many distressed homeowners. 650,000 trial modifications they have started have yet to be completely resolved as a result, The Treasury has stepped up pressure on mortgage companies to make them permanent.

"While HAMP program guidelines are intended to reach a broad range of at-risk borrowers, it is expected that servicers will encounter situations where they are unable to approve" or offer a modification, the Treasury said in its announcement.

BANKS ARE LEARNING WHAT HOME SELLERS HAVE KNOWN ALL ALONG...

It used to be the ultimate trump card when a borrower defaulted was to foreclose. The Lender would simply take the house back by filing for foreclosure with the courts. As the tide of foreclosures rose to historic new levels, (The Tsunami effect) the banks were beginning to realize their losses were being compounded by the declining Housing Market home values, HOA liens, fines from local zoning ordnances and rising property taxes. In addition homes were abandoned or left in uninhabitable condition (vandalized)

Real Estate Brokers/Agents acting as intermediaries have long said that negotiating a short sale with lenders is one way of reducing credit damages for distressed property owners. A pre-emptive solution to foreclosure. Now that the market is flooded, lenders are becoming more receptive to settling as opposed to pushing forward with foreclosure.

Typically the hardships included in a Short Sale would be a result of Job Loss, Health Issues, and Divorce, These hardships lead to the borrowers inability to remain current on their mortgage payments. in some cases, in others the financing itself was the culprit. Adjustable rate loans, creative financing, and plundering equity lines of credit during the boom. Today however, the market is very different. Banked Owned, (REO) foreclosed properties are not commanding high resale amounts-leaving the lenders with losses they must account to their investors for.

UNDER THE NEW GUIDANCE REQUIREMENTS

Mortgage servicers have 10 days to approve or disapprove a request for short sale, and when done the transaction must fully release the borrower from the debt.

It also prohibits mortgage servicing companies from reducing real estate commissions on the sale.

The guidance caps the aggregate proceeds to subordinate lien holders (second mortgages) at $3,000.

Second lien holders in recent months have begun demanding more money from the first lender, seller, buyer or agent in exchange for releasing their claim, agents have said. Because primary lenders would face larger losses in a foreclosure, some subordinate lenders have felt empowered, the agents said.

Allison Stewart

St. Cloud Florida Real Estate Broker/Associate,

ARE YOU WORRIED ABOUT THE ECONOMY? IS LAND A GOOD INVESTMENT?

Florida Pines Realty, LLC — Thu, 03 Dec 2009 07:58:06 -0600

ARE YOU WORRIED ABOUT THE ECONOMY? WONDERING IF LAND IS A GOOD INVESTMENT? The economy is of concern to many people these days. Consumer confidence has risen slightly. While consumers seem relunctant to throw much force into renewing the housing boom-remember the expression "Dirt Cheap"? Well the best deals may in the dirt itself. In St. Cloud Florida, there are some.

Typcially when the housing market rises, raw land (lots) follow as consumer looked for ways to hedge rising home prices and consider buiding vs buying a existing home. As a result, land prices also escalated especially in the boom years. Subsequently, when the market crashed, land prices also slid down in value, making them attractive purchases for long term investors.

ONE OF THE ADVANTAGES OF OWNING RAW LAND IS THE LOW OVERHEAD

Property Taxes on undeveloped land are considerably lower than on existing homes.

For this reason they are attractive as long term holdings for investors. In the past land loans were not available from most major lenders but today, it is possible to finance land both through commercial and private lenders. Some are even offering SELLER financing to buyers who opt to purchase their lots.

BAY LAKE RANCH IN ST. CLOUD

THINK GREEN SERIOUSLY

Think Green- Nothing is more eco-friendly than lot ownership. Buy now, build later. While you decide what your dream home may one day look like, you are helping t preserve the environment.

USEFUL PURPOSES WITHOUT A BUILDING PERMIT

BAY LAKE RANCH

ST. CLOUD FLORIDA IS AN

ESTATE COMUNITY

ZONING PERMITS HORSES

LOCATED NEAR

LAKE LIZZIE PRESERVE

Known for horse trails,

hiking trails

and trout fishing.

For more information on lots contact me

St. Cloud Florida Real Estate Broker/Associate,

CHEESY CALENDARS- WHAT DO CUSTOMERS REALLY WANT?

Florida Pines Realty, LLC — Wed, 02 Dec 2009 05:34:21 -0600

Cheesy promos- We have all seen them, sent them or received them, but what do customers really want? A Real Estate Agent/Broker they can count on, or a calendar that is too small to write on? I think the overwhelming consensus would be option A: An agent they can count on. Yet every holiday season the plain brown carton arrives at the office and agents set out on their annual task of preparing their holiday mailings.

Being a Progressive Agent, and comfortable in my Market of St. Cloud Florida I cannot recall seeing a single cheesy Realtor Calendar on any of the refrigerators in homes I have visited. There is no shortage of Real Estate Agents here in St. Cloud, Florida given the number of pendings and closing (335 in fact in the last 30 days) Yet, there hasn't been a marketing push either. Agents are simply cutting back.

The idea that a calendar gives you 12 month exposure is based on the assumption that it is usable.

Have you ever tried to write on one of the promo calendars?

Unless you are an expert at writing on a grain of rice, they are pretty much useless.

No, Leaving something in the house which IS usable may be a better idea.

I experimented with several ideas before deciding on this one. I use mine all the time and so do my customers.

A Magnetic Memo board with an expo pen.

My photo and phone number are prominently displayed on my business card.

It works on their refrigerator and I am getting year long exposure.

It is not likely to get stuck out of view, as it is a practical way of communicating with family members, useful to remember appointments, make a quick note to buy groceries, or write down a phone number when you cannot find a piece of paper. There is a slot for the pen on the bottom of the list, so you have the convenience of never having to search for one when you need it.

The message I am sending them, is that I pay attention to detail. I am a planner. I think practically and I want their business, and for them to refer me to their friends and family.

The back of my business card has a cheesy little calendar they will probably never use, but it was free when I ordered the cards so what the heck- I use it when I am creating the time line for contracts then circle the date for my customers and give the card to them as a reminder.

But when it came time to look for long lasting impact I did not want them to think of me as the cheesy calendar Realtor.

So which would you rather have a Cheesy calendar or a Professional You can count on?

St. Cloud Florida Real Estate Broker/Associate,

DO DECORATIONS HELP OR HINDER A SALE?

Florida Pines Realty, LLC — Tue, 01 Dec 2009 10:37:29 -0600

HOME FOR THE HOLIDAYS DO DECORATIONS HELP OR HINDER A SALE?

We have all heard the song, "There is no place like home for the holidays" and home sales in December are expected to continue their consecutive rise. The holidays bring with them a buying mind set among consumers, this also applies to home buyers.

Does decorating your home for the holidays help or hinder a potential sale? That depends on how they are done. Garish displays generally do not attract the type of attention a home seller may want. Too many decorations are distracting from the home which is really where to want to keep a buyer focused. Too few, look like a half hearted effort and may make a buyer think that other things in the home may not have been attended too. So how can one achieve the best balance?

Light Displays Light displays can enhance the architectural design of your home- for instance, lights around dormers on a cape cod style will drawn a buyers attention to that area. Wreaths in the windows add a bit of charm and symmetry while still enhancing the appearance tastefully. Lights along walkways serve to illuminate it as well as add a welcoming feeling to the homes entrance.

Columns lend themselves nicely to lights and ribbons for a candy cane effect. Potted trees with white lights which are a nice contrast to the dark green foliage and wreath on the front door signal the home is inviting it also creates balance in the entranceway. A trade secret of decorators to achieve balance is decorate in threes and fives. Clustering objects such as photographs or collectibles in groups of three or five create a symmetry. Pair will work on a single plane such as a shelf or mantel.

Landscaping Lights can really enhance the landscaping of your home. Instead of laying lights on top, consider weaving them into the shrubs or using lighting nets for a more uniform look and along the tree branches to enhance the lushness of your landscaping. Garden trellises laced with lights add a lovely romantic touch. Adding a few flood lights can also accentuate the roof line and design features specific to your home.

Porch Railings lend themselves to garland and lights as well. Potted Trees, Norfolk pines for instance are inexpensive, and frame doorways. Add a fresh welcome mat and it is very inviting. Fireplaces- good idea to check and make sure they are in proper working order- dampers should also be inspected for proper function.

SIMPLE STAGING TECHNIQUES Once inside the home, things buyers look for are spaciousness. Avoid over sized furniture in small rooms- in this case less is more. Designer secrets to achieving balance There are three field to a visual plane the eye sees. Upper, middle and lower. Achieving a "balanced look" means incorporating all three fields when arranging rooms. Pictures (high plane) furniture (middle plane) and rugs (lower plane) all create a sense perceived balance. Using the 3-5 pattern for organizing collectibles or accent pieces augment the arrangement.

Simple things which add value to your home

Curb Appeal- Pressure washing walkways to freshen them

Add a bit of Landscaping if you don't have any Freshen up flowerbeds

Cleaning the carpets Washing the Windows Making small repairs to window and door trim

Cleaning draperies and blinds which collect dust

A fresh coat of paint to brighten dreary rooms- neutral colors seems to sell better than dark colors.

Organizing closets Eliminating clutter and creating a flow to the home

Replace burned out light bulbs in light fixtures

Arranging objects in clusters of three and five. Designers use this formula to achieve a sense of balance.

Odors can really turn buyers off. Cigarette smoke is one of the most offense according to a buyers survey, followed closely by pet odors and mold. If you have cats clean the litter box regularly. Self extinguishing candles are one way to add a pleasant fragrance without being overpowering.

Open the windows and let the house breathe. Changing the air during cooler weather will freshen the way a house smells.

Simmering a table spoon of vanilla extract in a small pot of water on the stove will give the house a fresh scent. Potpourri in small bowls on tables works also. Fresh pine (wreaths, trees) add a lovely fragrance to the home.and of course nothing beats the smell of fresh baked cookies.

Moderation is key. Avoid overdoing decorations, use lights to enhance, and keep the clutter to a minimum to maximize your home's appeal.

St. Cloud Florida Real Estate Broker/Associate,

WILL YOU HAVE AN $8000 STOCKING STUFFER? SALES EXPECTED TO SPIKE DURING HOLIDAY SEASON

Florida Pines Realty, LLC — Mon, 30 Nov 2009 08:51:55 -0600

HOME SALES ARE EXPECTED TO SPIKE DURING THE HOLIDAY SEASON. Experts agree that the Holiday season tends to put buyers inthe right mind set for making offers on homes. It has a simialr effect on sellers who tend to be more flexible during the holidays. A charitable mindset allows for compromise, and compromise he key to achieving a successful sale.

THERE IS NO LIKE HOME FOR THE HOLIDAYS...

Sweetening up sales this holiday season is the added benefit of the $8000 tax credit for first time home buyers

HOME PURCHASED BEFORE DEC 31, 2009 CAN DEDUCT CLOSING COSTS

Parents can contribute GIFT Money upto $10,000 without a tax penalty.

The holidays are a time when more people tend to be out looking at neighborhoods- it is also a time when offers have the greatest chance of acceptance.

THINKING OF BUYING OR SELLING?

NOW MAY BE THE BEST TIME TO MAKE YOUR MOVE.

Happy Holidays!

Allison Stewart, Real Estate Broker Assoc

Serving St. Cloud Florida and All of Osceola County

St. Cloud Florida Real Estate Broker/Associate,

80% OF CONSUMERS DID THIS ON BLACK FRIDAY- A CLEAR SIGN THINGS ARE CHANGING

Florida Pines Realty, LLC — Sun, 29 Nov 2009 08:43:29 -0600

80% OF CONSUMERS DID THIS ON BLACK FRIDAY- A CLEAR SIGN THINGS ARE CHANGING... Consumer confidence appears to be on the rise despite the fact that the economy is far from improving. Consumers actually have more input into what the economy does than they realize. Many are usurping their control in subtle ways.

TAKING CONTROL OF WHAT THEY SPEND AND HOW

There was no lack of "consumer confidence" evident as shoppers waited in long lines for opportunities to snatch up discounted electronics, housewares and toys. In fact, on average consumers will spend nearly $700 in gifts this year, maximizing their dollars with super sales, and specials. It is not so much what they are buying, but how they are paying for their purchases that has changed.

Credit card companies have been busy sending notices of interest rate increases and consumers are responding by using cash and debit cards instead. In fact this year 80% of all purchases during Black Friday were paid for either with cash or debit cards. This is a substantial shift from previous years when credit cards were the prefered method of payment by consumers.

As credit card lenders continue to pressure consumers by inflating the interest rates before the new laws go into effect in February 2010, many consumers are shifting to cash payment as an alternative to avoid these hefty increases and are buying within their means this year.

The average American family has over $8000 in credit card debt. The goal for the coming year for most of them is to reduce that debt, and pay off those revolving charge cards to avoid the high interest penalty.

Increases in home sales have resulted in more cash sales than were reported previously, in part because some homes were far below market value, and consumers saw this as an opportunity to diversify their holdings by purchasing small homes for investment purposes. Families who had downsized recently were opting to look at cash acquisitions in lower price ranges as a means of consolidating debt.

The shift in the public perception from big, bigger, best to enough is apparent. Demand for five bedroom homes has dropped along with popularity of subdivisions charging additional Community District Development fees incorporated into Property Taxes (CCD fees)

CONSUMERS ARE LOOKING FOR HIDDEN COSTS IN HOMES

A shift away from HOA (Home Owner Associations) is also looming on the horizon as many Associations have raised their rates to compensate for non payment of distressed property home owners. Some are taking aggressive actions and placing liens on properties which are a new peril would be owners must be aware of when purchasing.

The importance of obtaining Estoppel Letters is now paramount. In communities where HOA are disbanded, the rate of foreclosures appears to be lessening, and prices have remained fairly stable although still down 30% from the previous highs of 2006.

Overall the housing market is inching its way upward slowly. Gains reported over the last several months in sales are attributed to the liquidation of foreclosed homes, bank owned properties and a small percentage of short sale properties. But traditional sellers are also re-entering the market and are pricing their homes attractively.

Buyers have many choices in today's market and there is no question that those people who are able to take advantage of the low prices now will stand to make gains in long term holdings.

THINGS TO LOOK FOR

WATCH THE NUMBER OF FORECLOSURES IN AN AREA- Developments that have multitudes of foreclosures may be a less attractive long term investment.

HIDDEN FEES- HOA AND CDD Fees add tot he running cost of the home.

PROPERTY TAXES- Check mil rates

WILL 2010 BRING RENEWED ENERGY TO THE HOUSING MARKET? What are your two cents?

St. Cloud Florida Real Estate Broker/Associate,

THE "TEMPORARY" MINDSET RENTERS VS HOMEOWNERS

Florida Pines Realty, LLC — Sat, 28 Nov 2009 05:51:56 -0600

THE "TEMPORARY" MINDSET OF RENTERS defies logic. Take students for example. They are excellent renters. Usually relocated for the purpose of going to school. Most receive loans which are used for housing, books and tuition. Have a quick look at the rents in some areas, and they boggle the mind.

Grad students pay high premiums for living in complexes. Some of these rents exceed what it would cost to own a 2500 sq ft home. And yet, they have not been educated to understand the difference between the money spent on rent versus buying a home for the 3+ years they will need to be there. Nor do they undertand how that can help their credit in the future.

The primary reason they are renting is they feel their situation is temporary. In Miami for example the average rent id over $1200 a month for a 1200 sq ft apartment. That is $14,400 per year. Over $43,000 in 3 years. For a little over the security deposit and first and last months rents combined they could have had a down payment.

Furthermore, once they graduate, they can then rent their home to the next wave of grad students.

Something to contemplate- the Undergrad and Graduate school student market needs to be further developed.

St. Cloud Florida Real Estate Broker/Associate,

CUSTOMER LETTERS OF APPRECIATION ALL BECAUSE OF ACTIVE RAIN BLOG

Florida Pines Realty, LLC — Tue, 24 Nov 2009 19:28:06 -0600

Customer letters of appreciation, are perhaps the highest compliment a Real Estate professional can recieve. Today, I received a really wonderful one from a happy customer. If you don't think the little things matter...they do. We met on the internet.

Allison Stewart is an absolute gem! Her upbeat attitude and positive
thinking helped keep us motivated when everything seemed to go wrong while
purchasing our home.
Our first contact with Allison was after I found her blog on Active-Rain. I
sent her an email and she got back to me very quickly. Our first phone
conversation lasted at least 30 minutes as she got to know my family and our
needs. She felt she was going to be able to help us relocate to St. Cloud
from Indianapolis, IN.
Our house hunt had a lot of ups and downs. We tried to meet all the
challenges with a dose of humor and kept looking on the bright side of the
situation. We made two offers that failed to yield sales contracts. Allison
took meticulous pictures of the homes we were unable to see in person.
Through the entire process she was constantly in contact with us, stayed
available to answer our questions and made recommendations.

The morning of July 2, 2009 we turned a very anticipated corner. Allison
sent us a listing and we fell in love with the home. We made an offer as
soon as she sent us the paperwork. It was a short sale so we know it could
be a long road to a contract. Allison worked with the listing agent and the
bank to get a sales contract.

Our financing started to fall through so she helped us find a back up lender. When the lender requested more inspections,
Allison was able to find the right person to meet the need. We got through
pool maintenance, electrical repairs, multiple termite inspections, and lawn
care thanks to Allison. It seemed like there was a new hurdle every day.
Some days it was hard to believe she had other clients with the amount of
time we took up. Not only was Allison committed to helping us
professionally, she volunteered her time to straighten the misc things left
behind in the garage and cleaned the house before we arrived for closing. (Driving non stop from Indiana)

We nearly didn't close on the house but a twist of fate made everything fall
into place. Allison had to tell us we needed yet another termite inspection.
We didn't have anywhere to turn. Frustrated, Allison started looking through
her business card index and one fell out into her lap. It belonged to a
friend who is the district manager for the company that originally treated
the home for termites. She called him up and asked if he would please come
out on a Saturday morning to help us out. His inspection was the last bit of
documentation we needed. Allison came through for us once again!

From the moment we walked in the door, this house was our home. It felt
right and we fit here perfectly. Getting everything unpacked may take a
while. We may have to move our furniture a few times but in the end we are
home; our home, which wouldn't have been possible with out Allison's help
and dedication. We started out looking for a realtor and came away with a
friend.

Thank you Allison!
Vic and Noni Mitchell

St. Cloud Florida Real Estate Broker/Associate,

BUYERS DID YOU KNOW THE HOLIDAYS ARE THE PERFECT TIME TO FIND YOUR ST. CLOUD, FLORIDA WINTER HOME?

Florida Pines Realty, LLC — Mon, 23 Nov 2009 07:38:22 -0600

THE HOLIDAYS ARE THE PERFECT TIME OF THE YEAR TO FIND YOUR ST. CLOUD FLORIDA WINTER HOME. There is no place like home for the holidays, and in St. Cloud, Florida the market and weather are both hot this time of the year.

Imagine yourself relaxing in the pool, listening to holiday music and shopping for gifts in shorts. With so many outstanding homes being offered now is the time to consider buying a vacation home.

DID YOU KNOW...

Home prices are slowly inching upwards, but it is NOT TOO LATE to still get in on the bottom before the next spike in sales pushes home prices out of your price range.

Buying a home in St. Cloud, Florida can be done for $50,000 or less- with the potential to generate revenue as a rental? Ever considered having it pay for itself?

Small homes are in demand. St. Cloud Florida homes are attractive as an investment.

BUY NOW BUILD LATER- THINK GREEN...

Dirt cheap prices on lots are one way to avoid the tumultuous stock market. Raw land / Buildable Lots In St. Cloud Florida, is an excellent investment, and has minimal carrying costs.

Whether you are considering buying your dream home for under $100,000 or building your dream home now or at some time in the future, investing in land now, will have a good long term yield. It is an excellent hedge against inflation as well. Who says you cannot see the trees through the forest? You can own the forest for less than you think. Two acre lots starting at $47,500.

St.Cloud Florida is a city celebrating small town living. Celebrating it 100th Anniversary, located southwest of Orlando, Florida, between Disney and Melbourne beach, its convenient location makes it an excellent choice for your next home. Want more information? Contact me- no hassles, just great service.

St. Cloud Florida Real Estate Broker/Associate,

SURPRISING STATS WILL CHANGE WHERE, HOW AND TO WHOM YOU MARKET REAL ESTATE

Florida Pines Realty, LLC — Thu, 19 Nov 2009 06:59:36 -0600

Real Estate marketing is the cornerstone of our business. If you read the featured post here on Active Rain yesterday INTERESTING INFO ON WHO IS BUYING AND HOW THE MARKET HEALS ITSELF FROM THE BOTTOM UP a recent survey shed some interesting light on how the market is changing and how those changes are affecting sales which are on the rise.

LESS THAN 1%

A Nationwide survey recently revealed that less than 1% of all home buyers who purchased their homes in the past year did NOT learn about the home they purchased from a Home Book or Magazine. If you are spending your advertising dollars in this medium you may want rethink it. You are missing 99% of successful buyers.

In fact 90% of them, used the Internet at some point prior to purchase. They generally started their search online and then contacted an agent. What sites were they visiting? Local MLS sites were the most popular (60%) followed by Realtor.com and Real Estate Company site (46% each) Real Estate Agent Web site were a close 4th at (45%)

MARRIED -VS- SINGLE, WHO ARE BUYING MORE HOMES?

Overwhelmingly 60% of the buyers were married. 21% were single women, outnumbering single men by over 2:1 (single men accounted for 10%)

BUYER RESOURCES: CHANGE FROM POINT OF ORIGIN TO CONCLUSION

Interestingly enough how they begin the process and how a buyer will ultimately end the process by completing the transaction change from the the beginning point to the conclusion.

87% Relied on a Real Estate Agent

WHERE ARE BUYERS BUYING?

54% of all homes purchased were in a Suburb or Subdivision.

Quality of Neighborhood was the number one influencing factor in the decision to purchase among 64% of the buyers surveyed.

26% felt schools were important

COMMUTING COSTS

Only 36% of the buyers felt commuting costs were VERY Important

Compared to 42% who felt they were only somewhat important.

What these numbers suggest is that the quality of the neighborhood still outweighs the convenience of the commute. 78% of the respondents had purchased a single family family home. In the suburbs, giving consideration to the quality of the neighborhood or subdivision, and and smaller more economical sizes of homes than were in demand 2-3 years ago.

Knowing how to market, to whom we are marketing and the best ways of reaching potential buyers will help us to streamline where to investment marketing dollars for successful sales.

EFFICIENCY DID HAVE WEIGHTED INFLUENCE?

On average 1600 square feet was the size of the home most first time home buyers selected, and 2100 square feet for second time or repeat buyers. This is sharp contrast compared to previous years where buyer demand was for large homes.

88% of buyers said heating and cooling costs were important. This couold be one reason they are trimming the square footage of the homes they are buying on a National average.

HOW ARE YOU INVESTING YOUR MARKETING DOLLARS?

St. Cloud Florida Real Estate Broker/Associate,

INTERESTING INFO ON WHO IS BUYING AND HOW THE HOUSING MARKET HEALS FROM THE BOTTOM UP

Florida Pines Realty, LLC — Wed, 18 Nov 2009 04:59:41 -0600

The market always heals from the bottom up" according to Paul Bishop, National Association of Realtors Vice President of Research. According to the recently released sales numbers 47% of buyers this past year were first time home buyers. Surpassing the previous high record of first time purchasers set back in 1991

"These buyers are critical to housing and a general economic recovery ...they absorb inventory, free existing owners to make a trade and stimulate related goods and services " said Bishop. He compared this rise to the last recession in 1991, where the same dynamic played out "first time home buyers started the chain reaction that led the nation out of recession" he said. Bishop credits tax incentives,record high affordability, and pent up buyer demand to this spike in recent sales. Economists would also credit the FED with suppressing any immediate rise in interest rates affecting home mortgages while the economy is still so fragile.

BUYER PROFILES ARE ALSO DIFFERENT THAN ONE WOULD EXPECT

The median age of a first time home buyer is 30 indicating that some are younger and some are older. They are planning to live in their homes for at least ten years. The typical cost Nationwide was $156,000 down 7% from last years figure of $165,000. 87% of First time Home Buyers surveyed consider their home to be a good investment." Single Family homes sold a higher rate than other forms of housing. In fact 78% of the home achieved were single family homes

HOW ARE BUYERS PAYING FOR HOMES? 96% Chose a fixed rate mortgage. (55% used FHA compared to 8% Using VA Programs) 61% of First time buyers used their savings as a down payment. 22% received down payment assistance as a gift from family. 6% received loans for down payments from family 6% tapped into a 401 (k) program

WHAT IS OLD IS NEW AGAIN- SAVING MONEY FOR A DOWN PAYMENT ON A HOME

39% of home buyers have cut back on luxury items, 38% cut back on entertainment and 30% cut back spending on clothing according to the study.

And a staggering 80% of first time home buyers are using the Internet.

HOW HAVE RECENT CHANGES IN REAL ESTATE AFFECTED SALES?

13% Experienced a Purchase Agreement that was canceled, terminated or fell through "This raises the question of how many potential buyers were unsuccessful because of problems with appraisals or loan qualifications. The market would be stronger without these problems" Bishop added.

Only 8% of applicants were rejected for loans (a 92% success rate) 12% of applicants said that financing their first home was more difficult than they expected. 8% of all buyers paid cash.

85% of Successful Home Sellers used a Real Estate Professional. Sellers surveyed want agents to price their homes competitively, find a buyer, market the property and sell within a specific time frame.

THE TAX CREDIT EXPANSION INTO 2010

The expansion of the tax incentive program will extend to homes placed under purchase agreements by April 30, 2010 and will include home buyers who have owned a home in the past 5 years.

Repeat Buyers surveyed had an average age of 48, earning $88,100 and plan to stay in the homes they purchased on average for 12 years. These buyers typically bought more expensive housing. The median price on a National level was $224,500

RECORD DECLINE IN FOR SALE BY OWNER PROPERTIES.

In the actual number of homes sold without representation was a record low according the most recent survey only 6%. Declining for the second year in row.

The most difficult tasks reported by owners attempting to sell homes themselves were,; preparing and fixing the home, understanding and performing the paperwork and selling within the planned length of time.

The overwhelming majority of successful sellers used a Real Estate Professional full service brokerage.

Want to know more about how to Marketing works?

St. Cloud Florida Real Estate Broker/Associate,

JUST WHAT IS IT THAT REAL ESTATE LICENSEES DO?? Part I.

Florida Pines Realty, LLC — Tue, 17 Nov 2009 07:33:34 -0600

WHAT MOST SELLERS, BUYERS AND "FOR SALE BY OWNERS" DO NOT UNDERSTAND IS...THERE IS MORE TO WHAT WE DO THAN STICKING A SIGN IN THE GROUND.

Via Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate:

JUST WHAT IS IT THAT REAL ESTATE LICENSEES DO?? Part I.

"YOUR MISSION, SHOULD YOU CHOOSE TO ACCEPT IT . . . " is to manage the orderly transfer of real property from a seller to a buyer. The average consumer doesn't understand a fraction of what we do to help them accomplish their goal.

SELLERS. Home sellers are presented a simple-to-complex marketing plan by listing agents prior to listing the property for sale. The listing agent promises to perform a series of showing, advertising activities geared to receiving contract offers.

BUYERS. Buyers are assisted in their home search by agent(s) who helps to locate, tour properties for sale, write and negotiate the contract and arranging for settlement services.

Sounds easy doesn't it? Actually it is, in the hands of experienced listing and buyers agents and if nothing unusual occurs.

THE MOST HELPFUL AND LEAST UNDERSTOOD PART OF LISTING AND SELLING REAL PROPERTY is the complex and institutionalized systems which include the brokerages employing the licensed agents and brokers, the Multiple List Systems that make the homes for sale information available to licensees and now to the public, the board approved forms that provide consumer protections,

Achieving the consumer's goal of selling or buying real property requires the services of a variety of service providers in addition to the real estate licensee. Achieving the orderly transfer of real property from a seller to a buyer requires services of vendors that perform critical tasks to help the consumer achieve their goal. The vendors include but are not limited to: mortgage providers, home inspectors, termite/radon inspectors, appraisers, title services which include or are managed by attorneys.

WOW! How do we keep up with all of these tasks that are necessary to get to the settlement table? I'm going to disclose a secret that will help many consumers understand how things can go so smoothly and the consumer's goal of selling and buying real estate is achieved.

IT'S ALL IN THE CONTRACT!

That's right. IT'S ALL IN THE CONTRACT!

Getting to the settlement table begins with the selection of an experienced listing or buyer's agent who will MANAGE THE CONTRACT OF SALE.   To demonstrate the importance of understanding contract management, below are the titles included in a typical Contract of Sale.

Description of Real Property

Price and Financing

Deed of Trust

Deposit

Down Payment

Settlement

Equipment, Maintenance and Condition

Utilities

Personal Property and Fixtures

Financing Terms

Appraisal

Purchasers Representations

Access to Property

Termite Inspection

Repairs

Damage and Loss

Title

Possession Date

Fees

Broker's Fee

Adjustments

Attorney's Fees

Performance

Default

Assignability

Definitions

Void Contract

Warranty

Listing agents and Buyers agents must not only understand the meaning and execution of each of these titles, they should help the seller or buyer understand the meaning of all parts of the contract that apply to their particular transaction.

Next: What Real Estate Licensees Do Not Do.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

St. Cloud Florida Real Estate Broker/Associate,

3863 BLACKBERRY CIRCLE ST. CLOUD FLORIDA CANAL FRONT POOL HOME

Florida Pines Realty, LLC — Sun, 15 Nov 2009 06:58:10 -0600

3863 BLACKBERRY CIRCLE ST. CLOUD FLORIDA 34769- located in the beautiful well located sub division of Blackberry Creek in St. Cloud Florida, this fantastic 3 bedroom 2 bath contemporary block home has a spacious split floor plan, and overlooks the Lake Toho canal, no rear neighbors as you bask under the sun all winter long in your screen enclosed pool.

This location is superb! Just minutes from Walmart, Home depot, post office, restaurants and banks, easy access to the Florida Turnpike and attractions, and 30 minutes to Orlando International Airport. The community of Blackberry Creek has it own private boat ramp.

ENJOY THE WARM TROPICAL WINDS-GET AWAY FROM WINTER IN THIS FANTASTIC POOL HOME

NO REAR NEIGHBORS! THIS HOME OVERLOOKS THE PEACEFUL AND SERENE LAKE TOHO CANAL. ENJOY THE SAND HILL CRANES FROM YOUR FENCED YARD, OR GRAB YOUR FISHING POLE AND OVER TO THE CANAL LAKE TOHO HAS SOME OF THE BEST BASS FISHING IN CENTRAL FLORIDA- THE COMMUNITY HAS A PRIVATE BOAT RAMP TOO!

WARM, SPACIOUS AND WELCOMING! 3863 BLACKBERRY CIRCLE, ST. CLOUD FLORIDACOULD BE YOUR NEXT HOME! THE LARGE SPACIOUS FLOOR PLAN FEATURES A LARGE LIVING ROOM/ DINING ROOM AREA PERFECT FOR ENTERTAINING.

The open airy floor plan is well suited for entertaining or quiet togetherness. The home features a lovely archway from the Living room/dining to the family room or media room located off the kitchen. The high ceilings, and contemporary design make this a wonderful year round or vacation home.

Picture yourself entertaining in this large spacious eat in kitchen overlloking the family/media room and beautiful view of the pool and natural setting setting which makes this home so appealing.

Enjoy your favorite beverage in the light and airy dinette. Just imagine how nicely your special decorator touches will enhance this space,

The second bath is also a pool bath. No more wet floors through the house- after a refreshing swim a nice hot shower awaits you.

The Master Bathroom, features a garden tub, private commode, and dual sinks,

3863 Blackberry Circle, St. Cloud Florida 34769 MAKE THIS YOUR NEXT ADDRESS. THIS HOME IS PRICED TO SELL FAST AT $189,000 FAST RESPONSES TO ALL OFFERS. PERFECT FOR A VACATION HOME, RENTAL PROPERTY, OR PERMANENT HOME. QUALIFIES FOR FHA/VA FINANCING, CLEAN AND READY TO MOVE INTO. CONTACT ME FOR ADDITIONAL INFORMATION. And find out how you can own this beautiful home for less than it costs to rent.

Do you qualify for the $8000 tax credit? Ask me how. Looking for a second home or rental property? How about taking advantage of the new expanded tax credit incentive and use the $6500 for a boat?

Presented by Allison Stewart Broker/Associate Florida Pines Realty, St. Cloud Florida

St. Cloud Florida Real Estate Broker/Associate,

WHAT ONE THING THAT WILL TURN DEFLATION AROUND?

Florida Pines Realty, LLC — Sat, 14 Nov 2009 12:18:31 -0600

DO AMERICANS UNDERSTAND HOW THE GLOBAL ECONOMY REALLY AFFECTS WHAT THEIR HOUSE IS WORTH? Sadly, for the vast majority, the answer would have to be no. Do we understand the difference between inflation and deflation? Deflation is what is causing your homes to be worth less. If asked the majority of Americans fear inflation, but without it, their homes will never recover lost value.

INFLATION VS DEFLATION

I recently stumbled across an arguement for inflation entitled "Overcoming America's Debt Overhang" it is a long read, but worth the time and effort. It explains in great detail why inflation is necessary and how in the long term it will actually help the US recover.

WHEN WILL THE MARKET RECOVER?

It depends on whom you ask. Conditions, supply and restrictions now in place all suggest it will never return to the previous levels.

CONDITIONS- What created the bubble were liberal lending policies. Stated Income, Interest only loans, and other risky lending practices which fed the need for consumer greed.

They no longer exist.

SUPPLY- In order for prices to go up, supply must come down.

Unbridaled consumer demand, was the leading cause of the housing price spike, As word spread of the fortunes to be made in the housing market this escalated demand as consumers rushed to buy anything and everything housing related they could. Regardless of what the actual value may have been.

Those buyers... no longer exist.

RESTRICTIONS- THE LACK OF RESTRICTIONS ON CONSUMERS BORROWING MONEY IN 2005-2007

Unlike the 1980's when inflation pushed mortgage interest rates to over 20%, incredibly people still bought homes. Today the interest rate is 4-6% on home loans yet consumers are not flocking to the banks. WHY?

HERE IS THE GOOD NEWS

While wages may not be going up, the majority of Americans are still working 90%

Purchasing a home when the market is down is the best long term hedge against rising inflation.

Purchasing a home now and taking advantage of the additional tax incentive good through 4/30/10 is an excellent hedge against deflation. You can create upto an $8000 buffer. This will offset any drop in value inthe immediate furture.

THE BASIC THING TO KNOW ABOUT INFLATION IS THIS....

The dollars spent today WILL be worth less in the coming years, therefore it will take more of them to purchase goods in the future.

Need Proof?

Ask your Grandparents or parents what they paid for their first home.

DOES THE GLOBAL ECONOMY IMPACT WHAT GOODS YOU CAN BUY?

Anything you purchase that says made in China would be an indicator that the Chinese Manufacturers rely heavily on exports to sustain their economy.

ARE YOU A CONFIDENT CONSUMER?

St. Cloud Florida Real Estate Broker/Associate,

BANKRUTPCY RATES HIT ALL TIME HIGH.. HOW WILL THIS IMPACT HOUSING?

Florida Pines Realty, LLC — Fri, 13 Nov 2009 07:25:42 -0600

It is no secret that many people in St. Cloud, Florida are struggling in this tough economy. Most are cutting back on spending, dining out, and are still struggling as the cost of living continues to rise while incomes remain flat or decline in the wake of job losses, and increasing lay offs. The housing market in St. Cloud,Florida reflects these hard times. But.... homes ARE selling.

Mortgages rates, Property tax increases, and the spike in cost of electricity, food, and fluctuating fuel costs have pushed many to their financial limit and beyond. As consumers turning to credit cards to augment payments of basic expenses, credit card companies adjusted their interest rates in some cases as high as 32.79% forcing struggling consumers to seek Bankruptcy as a final protection from a mountain of debt.

IT IS ALL ABOUT MONEY... OR LACK THEREOF

Bankruptcy will offer a shelter from Short Sales, and to is used to stall the foreclosure process. To eliminate deficiency judgements, and other judgements that may be sitting collecting dust in court room files as well as eliminate mountains of high interest rate credit card debt. For some people, it is their only option to ever get out from under it all and make a fresh start. Their numbers are rising...significantly.

As result, bankruptcy petitions have hit an all time high of 9% for consumers and 7% businesses in October, setting a new record of 135,914 nationwide. Chapter 13 (reorganization)) accounted for two thirds of the October filings. Whereby filers were put on a repayment plan over a five year period. If the petitions continue at their present rate, they are likely to be the highest in four years. according to the American Bankruptcy Research Institute. Director, Samuel Gerdano said "The filings demonstrate the sustained stress on the US economy"

Bankruptcy filings are up 30% over last year's numbers. Contributing to the high numbers of consumers seeking protection from creditors are credit cards, home equity loans, and rising unemployment. As you may recall back in October of 2005, consumers in large numbers rushed to file for bankruptcy protection in the weeks prior to Congress passing legislature making it more difficult for petitioners to file for bankruptcy under Chapter 7 which dissolved their debts. Forcing many to seek protection and restructure their debt obligations under Chapter 13 which requires structured repayment.

Maureen Thompson, legislative director for the National Association of Consumer Bankruptcy Attorneys in Washington, DC said " an economy that puts people back to work will begin to lower the number of Americans filing for bankruptcy, but added that she is not expecting the numbers to turn around in the foreseeable future."

Declining Home values appear to have slowed down, and sales of foreclosed and short sale properties have risen for the past eight consecutive months inching up the median price throughout the state. Homeowners who are not upside down (owe more than the property is currently worth)seem to be waiting longer to try and sell their homes hoping the market will recover.

Expectation of previous high priced sales reported in 2006 are unlikely to be achieved again due to the change in the number of housing units now available in Osceola County. Bank owned properties selling at below market prices are continuing to oppress the escalation of prices for homes and the speedy recovery in the housing market many consumers were hoping to see.

First time home buyers have been granted an extension of the 2009-2010 (Up to $8000) tax credit (stimulus plan) which has now been extended to April 30, 2010. The expanded extension now makes consumers who have owned a home within the last five years and are purchasing a home within those time frames eligible for a tax credit of up to $6500.

St. Cloud Florida Real Estate Broker/Associate,