Clintonville and beyond blog!!

SOLD! 1071 Ross Road, 3 Bedrooms 2.5 Baths, $100,000 Sold by Erik Hiss of the Jackson Team

Joe Jackson (Keller Williams Capital Partners) — Tue, 08 Dec 2009 09:25:05 -0600

This lovely ranch home has hardwood floors, an updated kitchen w/newer appliances, a newer gas heat furnace and AC and full finished basement with a half bath. The beautifully landscaped front and back yards have a patio out back with a privacy fence and a storage shed. Sold by Erik Hiss of The Jackson Team.

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Will I have to sign a promissory note if I do a Short Sale?

Joe Jackson (Keller Williams Capital Partners) — Thu, 03 Dec 2009 15:54:29 -0600

A great blog to review if you are doing short sales!

Via Bryant Tutas-Tutas Towne Realty, Inc:

Possibly. I have found that more times than not the Seller is not only willing to but wants to make a cash contribution or sign a note to get the deal done. It helps them to feel better about their situation. Most people WANT to pay their bills and honor their obligations

Our job as your Short Sale Agent is to give you, the Seller, the facts and let you make the decision.

Here are two responses recently received from Bank of America and how they were presented to my Sellers.

What Bank of America is really saying is "Yes we approved your Short Sale request now let's work out the details". This is the response we want. Right?

CASE #1

In response to your counter offer, BofA will not budge. They rejected your offer of $500. Below are the 2 options they have given.

OPTION 1: total proceeds of sale toward the 2nd $7,500.00 Can be any combination of proceeds of sale AND 'cash contribution.

OPTION 2: $3,000 proceeds of sale PLUS new deficiency note for $5,000.00, payable at $150.00 each , 0% APR.

We already have $2,350 to give to the 2nd so subtract that from the $7,500 figure leaving $5,150 needed for the first option and for the 2nd option it would require $650 cash and a note for $5,000. The notes are soft which means they have zero interest and they are unsecured.

Now we could try to get the buyer up higher. Although I personally feel this may cause an appraisal issue with their mortgage. The note could possibly be negotiated for a longer term, say 5 years. That would make the payment $83.33. They may even go 7 to 10 years.

Please consider your options and let me know. We need to give them a response no later than tomorrow.
CASE #2:

I have just received an email from BofA. They are asking you to contribute either $3,000 cash at closing or they want you to sign a $10,000 soft note. The note would be interest free. I would think they would be willing to go either 5 or 10 years. on the note. 5 years would have a payment of $166.67 per month and 10 years would be 83.33

What are you thoughts? The other items are things I would take care of. Please let me know as soon as possible as time is of the essence.

***I am not an Attorney and cannot give legal advice. You are advised to seek competent legal and tax advice. Any decision you make may have negative repercussions.

Now I don't know what these particular Sellers will decide. They may accept the offers or they may want to negotiate. Once they decide I will act accordingly. I do feel that both of these Short Sales will get closed. Any questions?

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com

http://ShortSaleSuperStars.com

Are you a Florida REALTOR(R) looking for a change? Check it out.

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved

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How to handle your internet leads

Joe Jackson (Keller Williams Capital Partners) — Thu, 03 Dec 2009 15:50:05 -0600

A good blog to review and use!

Via Rich Rogala - Real Estate Marketing Coach (Consistent Clients):

There are mixed feelings in the real estate world for leads that come in off the internet. On one hand, all the statistics show that 80%+ of people start their home search on the internet, so you’ve got a huge market there. On the other, some Realtors® don’t like these leads because they feel they’re “tire-kickers” or are looking too far in the future.

I think internet leads are a great way to ensure ongoing clients for your business, both now and in the future, but they do need to be approached a little differently than your traditional lead.

There are two important steps to take when dealing with internet leads -

1. Make sure you ask lots of good, qualifying questions

Some examples are:

Are you looking for a home or condo?
What price range would you like to stay within?
When are you looking to buy? (very important, so that you’ll know when it’s appropriate to follow up with them)
Have you been to Chicago before? (If they're not local, lets you know whether they’re making the initial trip to get familiar with your area, or will be actively looking for homes)
Are you planning to finance, or pay cash?
Are you working with a Realtor® yet? (If no, another good question to ask is if they’ve submitted their info to other sites and are waiting for a call back. This can give you a better idea of whether they’re shopping around, or are pretty serious buyers)

2. Make sure you put them on a calendar, tickler file, reminder system, etc. to follow up with them soon, even if they aren’t looking for a while yet. This puts you back on their radar if they’ve been talking to other agents by phone. Then you can continue with softer follow-up, like an Item of the Month, newsletter, etc. to stay in front of them. And by all means, follow up with them again around the time they expected to really start looking seriously. Too often, leads are interested, but the Realtor® fails to follow up with them at the time they said they’d be ready.

Internet leads can be time consuming if you let them run you around town with no intention of buying for another year. By using these qualifying questions, and a solid follow-up system, you can be available for them when they’re ready to work with you.

Related Posts:

Your Quarterly Marketing Check-Up

How Many Homes Will I Need To See Before Finding The One I Love?

Find those missed opportunities for more business

Become a Fan of Consistent Clients on Facebook

THE JACKSON TEAM 614.888.1000 614.431.1220

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Any Holiday Happenings in your area?

Joe Jackson (Keller Williams Capital Partners) — Thu, 03 Dec 2009 15:48:35 -0600

This is a great low cost marketing idea!

Via Rich Rogala - Real Estate Marketing Coach (Consistent Clients):

Looking for something unique for your holiday newsletter?

Why not put together a Community Holiday Events calendar to send to your email list, host on your website, and mail out?

As a Realtor, you’re in the unique position to know about a lot more of the local community events than the average resident. So share that knowledge! Your readers will appreciate it. At the holidays, many people would like to do more activities with friends and family, but are so busy that they simply don’t have the time to go looking for events to attend.

This also gives you a great source of ideas for blog posts through December. As I mentioned in a recent post, blogging about local events is a good way to get found in the search engines, as often, the event host or organizer doesn’t do a very good job of optimizing their webpage for search engines.

In your calendar, you could even let your readers know that they can check your blog regularly for full details on lots of the events from the calendar. Now you’ve created a targeted item for your newsletter, generated a whole bunch of blog post ideas, and increased traffic to your website. Happy Holidays to you!

Related Posts:

A Pretty Holiday Gift Idea

Easy SEO for your blog - Blog a Local Event

How to create a custom Marketing Calendar

THE JACKSON TEAM 614.888.1000 614.431.1220

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Annual Clintonville Holiday Concert on December 6th

Joe Jackson (Keller Williams Capital Partners) — Wed, 02 Dec 2009 13:50:48 -0600

Come and celebrate the holiday season at Whetstone High School.

Hosted by the Clintonville Community Band and Clintonville Community Choir.

Sunday, December 6^th - 4pm

Whetstone High School Auditorium

4405 Scenic Drive

A variety of music, secular and religious will be performed in which the audience will be invited to sing along.

Colors will be presented by Lima Company 25^th Marines, 3^rd Marine Division.

A free will offering to benefit the Clintonville-Beechwold Community Resource Center will be taken. Attendees are invited to bring non-perishable food items to be donated to the center.

Refreshments by Mozart's Bakery and Café will be available.

THE JACKSON TEAM 614.888.1000 614.431.1220

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2010 Home Sales Prices Projected to Stabilize

Joe Jackson (Keller Williams Capital Partners) — Wed, 02 Dec 2009 13:03:43 -0600

According to Fannie Mae economists, it appears that the economic recovery is here. It appears that the longest recession since the Great Depression is coming to an end. Fannie Mae is projecting, sales of new and existing homes will jump 11% next year and that home prices will stabilize.

New home sales are expected to rebound by growing 24% with the sales of existing homes projected to increase by 10% in 2010. It is expected that prices will stabilize next year with the median resale home price remaining unchanged.

The first-time home buyers tax credit helped boost sales in the third quarter of 2009. Sales are expected to stabilize by the end of 2009 before strengthening in late 2010. The first-time home buyers tax credit also led to a jump in real estate brokerage commissions. Although home sales in the third quarter increased the largest in more than 2 decades, it came from extremely depressed levels.

Other data indicates a substantial excess supply of housing. Home owner vacancy rates grew in the third quarter along with the rental vacancy rate, which was the highest since 1965. Short-term interest rates are expected to hold until late 2010 due to depressed rents along with stagnant wages which relieves pressure on the consumer price index.

Fannie Mae is currently projecting $1.3 billion in mortgages will be refinanced this year accounting for two-thirds of mortgage organizations by dollar volume. Next year it is expected that there will only be half the amount of refinancing taking place do to the fact that many eligible for financing will have already done so in 2009. Also, interest rates are expected to rise from an average of 5.07% to 5.42% in 2010. Application for adjustable-rate mortgage loans are expected to account for 8% of loan requests next year, up from 5% this year but significantly less than the 20% from 2007

THE JACKSON TEAM 614.888.1000 614.431.1220

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Clintonville's Holiday Concert set for December 6!

Joe Jackson (Keller Williams Capital Partners) — Wed, 02 Dec 2009 12:34:54 -0600

Local residents are invited to celebrate the holiday season with a couple of comunity favorites

The Clintonville Community Band and Clintonville community Choir host their annual holiday concert this Sunday December 6th

It all starts at 4:00 pm in the Whetstone high school auditorium

A variety of music, secular and religious will be performed A free will offering to benefit the Clintonville-Beechwold resource center will be taken.

You can find out more information at www .clintonvillecommunitychoir.org or www .clintonvillecommunityband.org

THE JACKSON TEAM 614.888.1000 614.431.1220

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SOLD! 5766 Nike Drive, 3 Bedroom 1.5 $154,000 Sold by Erik Hiss of the Jackson Team

Joe Jackson (Keller Williams Capital Partners) — Wed, 02 Dec 2009 08:51:51 -0600

Great condition! New roof, siding, AC, flooring, appliances and more! Vaulted ceilings create great space, perfect for entertaining. Relax in the lower level den. Enjoy fall evenings on the 2 story deck in the back. Large, fenced yard is great for kids or pets. 2 car attached garage. Sold by Erik Hiss of the Jackson Team.

THE JACKSON TEAM 614.888.1000 614.431.1220

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SOLD! 1070 Mohican Ave, 4 Bedroom 1 Bath, $41,198

Joe Jackson (Keller Williams Capital Partners) — Wed, 02 Dec 2009 07:17:22 -0600

Spacious Cape Cod home offers a quiet location with easy access to shopping, freeway system, downtown Columbus, and area conveniences. 1ST floor master bedroom, DINING ROOM, EAT SPACE/kitchen, LIVING ROOM , forced/air gas heat and fenced in yard. Needs some work and TLC. Sold by Joe Jackson of the Jackson Team.

THE JACKSON TEAM 614.888.1000 614.431.1220

VISIT US AT WWW.THEJACKSONTEAM.NET

1325 Thurell Road, 3 Bedroom 2 Bath $119,000, New Listing by Joe Jackson of the Jackson Team

Joe Jackson (Keller Williams Capital Partners) — Tue, 01 Dec 2009 09:37:25 -0600

Renovated 3 Bedroom, 2 Bath ranch with refinished wood floors and great decor. Rec room in basement adds 250 sq ft to enjoy. Great setting backing to a school yard, walk to public and parochial schools & pools!. New roof '09, both baths remodeled and updated, newer AC, furnace and windows. $8000 tax credit 1st time homebuyer. ABC Home Safe Warranty in place.

THE JACKSON TEAM 614.888.1000 614.431.1220

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SOLD! 5531 Jennybrook Lane, 4 Bedroom 2.5 Bath, $274,900 Sold by Erik Hiss of The Jackson Team

Joe Jackson (Keller Williams Capital Partners) — Tue, 01 Dec 2009 09:04:44 -0600

Former Showcase home! This is a beautiful well taken care of home with many updates! Vaulted ceilings, Corian countertops, loft could be a bedroom, 1 gas log and 1 wood burning fireplace, screened in porch, patio, solid wood doors, 2-car attached garage, fenced in yard, patio, irrigation system and much more! Great neighborhood with Hilliard schools. Close to parks and shopping.

THE JACKSON TEAM 614.888.1000 614.431.1220

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How many more banks will fail in 2009???

Joe Jackson (Keller Williams Capital Partners) — Tue, 01 Dec 2009 07:56:08 -0600

Federal officials are keeping a close eye on smaller banks, which have been failing at the highest rate in 19 years.The FDIC reports that the number of banks on the "problem list" rose to 552 from 416 on June 30, 2009. 50 banks failed during the quarter, the largest number since the 2nd quarter 1990

Anyone know how to find the FDIC's list of banks on the "problem list?"

THE JACKSON TEAM 614.888.1000 614.431.1220

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SHORT NORTH: GREAT HOLIDAY MURAL AT THE SHORT NORTH TAVERN COLUMBUS OHIO

Joe Jackson (Keller Williams Capital Partners) — Mon, 30 Nov 2009 09:33:43 -0600

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!

THE JACKSON TEAM 614.888.1000 614.431.1220

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WHAT WILL THE DUBAI DEBT SITUATION DO TO WALL STREET/MAIN STREET/ YOUR STREET?

Joe Jackson (Keller Williams Capital Partners) — Mon, 30 Nov 2009 08:43:06 -0600

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 quickly Friday , as the Dow dropped over 200 points and close down 154 points.

Keep an eye on this, it could be another round of a conituning global crisis. Check your portfolio and follow the money.

THE JACKSON TEAM 614.888.1000 614.431.1220

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Real Estate Calculator Application That's Worth Every Penny

Joe Jackson (Keller Williams Capital Partners) — Sun, 29 Nov 2009 14:00:58 -0600

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 store and do a search for Texas Instruments Incorporated or BA II because Texas Instruments best selling financial calculator is now available as a download for only $14.99. This calculator is MUCH easier to use than most other financial calculators including the HP 12C. You can quick calculate monthly mortgage payments, create amortization schedules, calculate mortgage loan balances for your clients, if your business includes investment real estate and rental property you can use this app for calculating depreciation with four different methodologies. One of my favorite features of this app is that you can show your clients when it makes sense to refinance and when they are better off to simply prepay their loan principal. No matter how you use this iPhone application it is sure to make you a hero with your clients.

To view available real estate in Central Ohio including Mount Vernon, Gambier, Kenyon College, Apple Valley, Howard, Danville, Fredericktown, Centerburg and all of Knox County Ohio please visit www.SamMiller.com. If you are not already working with a real estate professional and you would like to receive NEW Knox County Ohio MLS listings by e-mail visit EMailKnoxCountyHomes.com.

Sam Miller of REMAX Stars Realty (740) 397-7800

THE JACKSON TEAM 614.888.1000 614.431.1220

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Easy SEO for your blog – Blog a Local Event

Joe Jackson (Keller Williams Capital Partners) — Thu, 26 Nov 2009 19:21:37 -0600

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 out, you could quickly rank as well (or better) than the actual site for a local event in your area. “So what?”, you say?

Imagine if Dave’s site comes up first in the search engine listings for the Tuscon Air Show. Tucson is a big city, and this sounds like a pretty popular event. I’m going to guess that there are lots of people out there looking for information on dates, times, etc. If Dave is result number one, a majority of that traffic is going to come through his site. This can help with name exposure, possible leads, and list building (especially if he has a really good freebie on his site that local people might want). If Dave continues to do this, he could quickly raise his overall search engine rankings from traffic, inbound links and search engine results. This means that he could start coming up higher in the search engine listings for his preferred search terms – things like Tucson Real Estate – just from having some really popular targeted blog posts for local events.

That’s the beauty of his sytem! You’re seen as an expert on local happenings in your community, you gain top-of-mind name exposure, and generate leads, all from a simple post on a local event. So check out his post, and get started on your own local event posts!

THE JACKSON TEAM 614.888.1000 614.431.1220

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Priority Challenge!

Joe Jackson (Keller Williams Capital Partners) — Thu, 26 Nov 2009 19:19:39 -0600

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 be heading.

But as Brian Tracy often says, “This is not for you.”

Here is my challenge to you – for the next 3 days, take 5 minutes every morning to identify the one thing that will help your business move forward. Whether it’s implementing a system that will save you time in the long run, performing a marketing task, or making a phone call that you’ve been putting off. Select the one thing that will have the biggest impact on your business if you implemented it, then go off and do it. Don’t check email first, get involved in office chatter, or start going through your inbox.

By “eating your frog” first thing in the morning, you’ll start to see big changes in your business faster than you thought possible. Just commit to this for the next 3 days. You’ll be amazed at your progress. And I believe you’ll want to continue this Prioritizing process every morning!

THE JACKSON TEAM 614.888.1000 614.431.1220

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I am Thankful for the 2 more refferals/ possible listing I got via Active Rain this week!

Joe Jackson (Keller Williams Capital Partners) — Thu, 26 Nov 2009 19:02:40 -0600

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 successful week networking on Active Rain! What type of referrals and buyer/ seller successful transactions have yoiu had this year via Active Rain?

THE JACKSON TEAM 614.888.1000 614.431.1220

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New Listing! Overlooking the Ravine, 579 Glenmont, 3 Bedroom 2.5 Bath $390,000

Joe Jackson (Keller Williams Capital Partners) — Wed, 25 Nov 2009 11:26:05 -0600

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 2^nd 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

THE JACKSON TEAM 614.888.1000 614.431.1220

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Mortgage Loan Delinquencies Prepare To Set New Records In 2009

Joe Jackson (Keller Williams Capital Partners) — Tue, 24 Nov 2009 06:56:14 -0600

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. With the unemployment rate expected to remain at record highs well into 2010, defaults and subsequent foreclosure will remain a problem for the housing market.

Click here for the full report from PR News Wire.

The Housing Guru: The one source for all your housing questions

THE JACKSON TEAM 614.888.1000 614.431.1220

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2474 N 4th Street, 2 Unit New Listing, $140,000 Listed by Joe Jackson of the Jackson Team

Joe Jackson (Keller Williams Capital Partners) — Mon, 23 Nov 2009 12:29:09 -0600

Vacant side can be seen. The occupied side can be seen with contact. Near shopping, freeway and on bus line. Off-street parking for three cars. This is a great opportunity for home and income or investment property. Rents are $625 and one side is vacant. ABC Gas Line Warranty in place.

THE JACKSON TEAM 614.888.1000 614.431.1220

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2366 Indiana Ave, 2 Three Bedroom Units, $95,000

Joe Jackson (Keller Williams Capital Partners) — Mon, 23 Nov 2009 12:22:38 -0600

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

THE JACKSON TEAM 614.888.1000 614.431.1220

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2032 N 4th Street, Multi-Unit Listing, $179,000

Joe Jackson (Keller Williams Capital Partners) — Mon, 23 Nov 2009 12:15:57 -0600

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.

THE JACKSON TEAM 614.888.1000 614.431.1220

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1632 Parsons Ave, 3 Bedroom 1 Bath, $35,000

Joe Jackson (Keller Williams Capital Partners) — Mon, 23 Nov 2009 11:58:22 -0600

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

THE JACKSON TEAM 614.888.1000 614.431.1220

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1088 E 16th Ave, 3 Bedroom 1 Bath, $39,000

Joe Jackson (Keller Williams Capital Partners) — Mon, 23 Nov 2009 11:52:57 -0600

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.

THE JACKSON TEAM 614.888.1000 614.431.1220

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