Ar_home_b_search
Name
Marlene Bienes -Realtor
Company
Rose City Realty, Inc.
E-mail
Contact Marlene Bienes -Realtor (Rose City Realty, Inc.)
Website
http://www.EcoHomesGA.com
Office Phone
(229) 225-9225
Cell Phone
(229) 289-0139
Fax
(229) 225-9991
Address
1233 E. Jackson Street, Thomasville, GA, 31792
Description
I am your personalized Ecobroker Certified Agent. Whether you are looking to buy or sell, I can put forth a Marketing Plan that will get your current home sold or get you in to your dream home.

My Profession

National surveys indicate that 80 percent of consumers consider themselves green-minded, real estate professionals like me with the EcoBroker designation are in a better position to serve the real estate consumer.

My clients deserve exemplary service, facts, information and a Realtor that stays updated with market trends.

I hold a Bachlors Degree in Business, 10 years in sales, Member of The National Association of Realtors, Member of The Georgia Board of Realtors, and I am the first Ecobroker Certified Realtor in the South Georgia Region.

An EcoBroker Certified Agent is the premiere green real estate professional that can help clients market properties with green features, save money, and live comfortably, through energy efficiency and environmentally-sensitive choices.

Ecobroker Certified Agent are equipped with additional energy and environmental information and tools that help them provide added value to all of their real estate transactions. EcoBroker trained real estate agents can help address the newest topics in real estate, such as "green" home certification programs like Energy Star® Qualified Homes, energy-efficiency, and environmentally-sensitive design. EcoBroker Certified Realtors assist in working through issues that may arise in any real estate transaction, such as mold, radon, and poor indoor air quality, providing real solutions. EcoBrokers can provide the correct information, experience and knowledge to their green-minded consumers by providing valuable energy and environmental information to all types of clients. With expertise and Affiliate relationships, EcoBrokers are known for providing exceptional value to all of their relationships.

With the growing green real estate market, Ecobrokers help customers get the most when buying or selling energy efficient, environmentally friendly homes.

The only way an Eco-buyer is assured that the property they are buying are TRULY an Energy Efficient home is through an EcoBroker trained Realtor or by looking for the trusted Energy Star Blue Seal.

Finding the home of your dreams and enjoying peace of mind knowing that it also meets strict energy efficiency guidelines is a profitable investment now and in the future when you're ready to sell the features.

Realtors' W/Lots of Listings-Good For Realtors, Not Good For Sel

I found this post and I thought is was such a great one that I just had to share. I am sure some of you can relate to this. I personally think its right on the money. Enjoy readers.

 Realtors' With A Lot of Listings-Good For Realtors, Not Good For Home Owners (by Renee Porsia @ Philladephia Remax office)

Sad that most people don't really get the concept of what a Realtor does. Everyone thinks they know and most will even make comments like "my Realtor didn't do anything for me. They didn't bring anyone by to see my house" "oh, use so and so, they are a good Realtor, I see their signs all over my neighborhood." "Its a great time to sell but not a good time to buy." "The real estate market is horrible right now." Oh, and they ask questions like "are you going to have open houses once you list my house." And they will make demands such as "you will be here whenever there is a showing!" Seriously? Fact is, if people really understood the real estate market or what a Realtor's role really is, such comments, statements and demands would never be made.

It's funny because I talk to people all the time and I ask them questions to get an idea and an understanding for the way people think and know about Realtors and what I have found is that most people know nothing about what a Realtor is, does, doesn't do, why we do what we do, why it's important to hire one and what is most disturbing to me is that most do not care.


I asked the question, "do you think a Realtor is good if you see a lot of their for sale signs in your neighborhood?" What I found out is that, yes, people equate "for sale" signs to mean "good" Realtor. I also asked what people thought about the Realtor who has a lot of listings? What I found is that people equate lots of listings to mean "good" Realtor. This saddens me because the public has been deceived for years and brainwashed into this type of thinking.

Fact, a Realtor who has a lot of for sale signs in an area or neighborhood means that they know a lot of people, take a lot of over priced listings because they just do not know how to say "no" when faced with confrontation from the seller who thinks their home is worth more than anyone else's which also means they are not a good negotiator which means they won't be doing you any favors when faced with an offer from a buyer. Why? Because they can't say "no." It means that they can't get rid of the homes they already have. Now I know that a lot of Realtors who have a lot of for sale signs in an area or neighborhood like to tell people that it's great advertising for you and other listings will help sell your listing. Ok and if you believe that, I have some swamp land I'd like to sell you. The only person who it's good for is the Realtor because their phone rings and they get more business which means that they take more listings to add to their already big black hole of listings they can't sell. How is the fact that a Realtor who has two listings on the same street going to help them sell each other? What it's going to do is force one owner to take a lower offer because I'm sure one of those two over priced homes doesn't have something the other does so a buyer will compare, and choose the lessor of two evils and once the one home sells for less, what do you think the other owner will eventually have to do, right, lower their price the longer it sits. Come on now, how does this not make sense? How can people not get this or understand this? What is that Realtor going to do differently with your listing that they haven't been able to do with all the others? Wake up people.

The goal is to hire the Realtor who knows what they are doing, has a plan to get your home sold quickly, for the highest price the market will allow. Not guess at a price, not give in to a price, not wait for a price.
What needs to happen is for people to stop this "old school" way of thinking, ask questions of the Realtor who you are considering hiring and when you ask those questions, take time to listen. If you want to seriously sell your home, you need to be motivated to sell and none of this "oh, we have some time." What time? Time for your home to sit in the abyss of all the other over priced homes of that Realtor with all the other owners who also said they had "time" and eventually become just another statistic? We all have time people but it's what you do with that time that matters most because the one thing you can't do is get time or money back once it's gone. Time is money people. This all makes sense if you really take some time to think about it.

So, the next time you see a lot of for sale signs in your area, ask yourself if you want to be that Realtor's next advertisement or do you want to be some other Realtor's sale?

Posted by Renee Porsia at 5:29 PM

 

 

 

 

Buying and Selling a Green Home in Thomasville

A greener world is not just a dream like some people in the real estate industry seem to think. Building codes have changed and continue to change towards a more energy-efficient method that includes the way a home is constructed, type of windows and even the type of insulation used. Consumers, now more than ever are more aware on what amenities are available to them besides just buying the biggest home on the block.

 The problem arising in the real estate industry, especially in small towns like Thomasville where a limited amount of knowledgeable Green professionals realize how the real estate industry has changed. Real estate agents and firms that once thought that the introduction of green, energy efficiency, and smart home technology construction by Capital Home Builders, Inc. ( a local builder) was just an outsiders sales gig. This innovative and insight of an unheard type of construction was not well received by the local real estate industry.

Nevertheless, as overwhelming news media embraced the necessity of a more sustainable way of life came to light these real estate agents and firms find themselves now jumping on a bandwagon they know nothing about or care to admit is a reality. But in order to be competitive, and with the gaining consumer knowledge on green or energy efficiency of a home these agents & firms are resorting to (GREENWASHING) by misrepresenting their property listings calling them energy-efficient when in reality they are not in order to compete with a true green Energy Star home which is only being built by Capital Home Builders, Inc. But what is the advantage they are trying to push? The answer is simple, square footage, square footage and more square footage with misleading claims.

 What does this all mean to buyers looking for energy-efficient homes in Thomasville?

Simply this: Buyers looking for green or energy-efficient homesin Thomasville soon will be surprised to find limitations to their request because only one home is truly Energy Star Qualified in Thomasville, GA.  With this limited selection, buyers are presented with larger square footage homes that are misrepresented by their listing agents and real estate firms as energy-efficient when in fact they are not. Buyers are being misled by their agents that are not qualified to advise their clients of the difference between the two.

 Professionals lacking the knowledge of the meaning of energy-efficient homes will argue that qualified green or energy efficient homes should be comparable with other homes, and why would they be?

This is the simple analogy: For every $1.00 saved annually by the homebuyer results in a $20.00 increase in home value. So, how in the world would an Energy Star Qualified home be comparable to any standard run of the mill spec home?

Energy-efficiency and green homes are not a fairly new market like some people seem to think. Home efficiency has been around since 1996. It has only become popular in recent years because the United States has encountered astronomical energy price increases on a daily basis and has become a hot news topic and a major concern for consumers. So, this market is by no means considered new or a niche.

An Energy Star Qualified home affect prices because qualified homes are worth more than a standard spec home and appraises higher and qualifies buyers with more buying power by large lenders. Spec homes and existing homes that only offer consumers heavy millwork and more square footage are priced at a lower rate, and appraise lower.

 Green Buyers

Buyers find themselves with a dilemma in their search for a green home in Thomasville. With the lack of availability of qualified green or energy efficient homes, buyers end up with the untrained real estate agent pushing (steering) a home that is misrepresented as energy efficient at a lower price with more square footage and fewer amenities in order to compete with the Energy Star Qualified home. Agents will soon convince buyers that their investment would be better spent on a larger home because buyers get more for less but neglect to tell buyers that on resale they will loss between 10-20% from their purchase price simply because the only thing they have to compete with is square footage like every other house on the market.

Sellers will hold firm on their price for their Energy Star Qualified homes and the educated buyers will recognize the benefit that comes with the prestigious blue label logo because they will enjoy the following:

 Lower utility bills

Stronger construction,

Healthier indoor quality

Lower maintenance

Quieter homes

More amenities

And most of all higher resale value because contrary to what other local real estate professionals may believe or think they know about green or energy efficient homes they are oblivious to the fact that qualified green or energy efficient homes do appraise higher and lenders will provide for higher buying power. You just need to talk to an Eco Certified Agent and with a lender that provides these types of mortgages for example like Bank of America.

 Unlike statements made by others that green or energy efficiency has no weight on appraisals or on lenders are mistaken and misinformed and incorrect on their statements.

They may be speaking of homes that are misrepresented as green or energy-efficient that will appraise lower because they are homes that are not documented as being true Energy Star Qualified homes and the reason why statements are made that these features have no weight.

 In other words, is a Mercedes Benz equal to a Ford?

So, why would you the buyer think or expect for an Energy Star Qualified home be equal to a minimum standard spec home?

 Green Sellers

A seller that owns a qualified home (by qualified I mean a home that has been rated by an independent third-party verifier) trying to sell these type of homes would contact an appraiser that has the training for appraising qualified green or energy-efficient homes in order to incorporate these values into the appraisal.

Like everything else, these qualified green or energy-efficient homes are treated differently than standard minimum spec homes. A regular run of the mill appraiser that has no training on these types of homes would not be called upon by any lender providing green or energy-efficient financing. This type of financing is called EEM (Energy Efficient Mortgages), FHA EEM's and VA EEM's for information log on to www.EcoHomesGA.com/mortgages.html

A lender providing buyers seeking EEM financing provide buyers with additional monetary incentives for their purchase and a larger buying power. Unlike, local lenders will soon tell buyers they do not have any idea of what you, the buyer, are talking about and that there is no such thing.

The only difficulty a green seller may encounter in a small town like Thomasville with their qualified home is hiring a real estate agent in an agency that lacks the knowledge on green or energy-efficient homes. These professionals will soon tell you their famous words "they need to be comparable" and soon tell sellers what standard square footage pricing is in the area. In other words, if you insist and provide support to the value of the home and demonstrate to them that you know more on the subject you will soon find out the hard way as your property will lack the showings oppose to other homes in your area.

 Unfortunately, some real estate professionals and agencies still believe that the old ways they use to sell real estate 20 years ago still works in today's market and sadly become upset and maybe even stumped when a specialized Realtor designation is introduced by their own National Association of Realtors as a sign that in fact this is the future of real estate and a new form of home construction.

 If you're looking for a green or energy-efficient home in Thomasville or trying to sell a home that has energy efficient features contact your local Ecobroker Certified Agent. An Agent that is certified on green and energy efficient homes and can verify for you, the buyer, claims of homes advertised as being energy efficient and for sellers the proper way to market the energy efficient features. Remember distinguishing between the both can eliminate the utility bill shock for the buyer once already in the home and the seller avoid possible litigation for false advertising.

 If you're trying to find an environmentally friendly home and why these homes are superior to standard spec homes contact Marlene Bienes Ecobroker Certified Agent @ Rose City Realty, Inc (229) 289-0139. Buyers and Sellers take the risk of being mislead and misinformed when dealing with an uncertified professional in the Green arena.

 Marlene Bienes-Ecobroker Certified Agent @ Rose City Realty, Inc. May 1, 2010

 

 

 

Living Big in a Small Home

 After years of upsizing, Americans are enjoying the benefits of more modest living spaces
By Maggie Sieger | February 2010
With the average home size declining, owners are cleverly doing more with the square footage they have.

Years before house staging came into vogue as a sales tool, Howard Hoffman was helping sellers rearrange their furniture to maximize floor space and enhance a home's beauty. Hoffman, GRI, SRES®, now owns Stage & $ell, a home staging and redesign company in Indianapolis.

Chances are he'll have a lot more business in the years ahead from people needing to resize their lives. With baby boomers entering retirement, young adults delaying marriage, and the economy improving by fits and starts, Americans are starting to embrace the idea that less is more when it comes to their square footage. The average size of a new house decreased last year for the first time in nearly three decades.

"Home buyers have been changing," says Fran Litton, a planner with Evans Group, an architectural firm in Orlando, Fla. "They still want the luxury and toys, but they're putting them into a smaller space."

Although the average square footage of a new house is still double what it was in 1960, in the last year, it decreased slightly to 2,215 square feet from a high of 2,277 square feet in 2008, according to data from the U.S. Census Bureau. While the decrease doesn't approach mid-20th century levels, it is the first drop in house size since the recession of the early 1980s.

Smaller houses can mean bigger challenges for real estate professionals. "Eighty percent of people appreciate only what they can see," says Hoffman, who also works as a sales associate with F.C. Tucker Co. in Indianapolis. "You have to make sure you're showing them what you've got." That means making sure each room is easily identified. "Get rid of that desk and computer in the dining room," he says. "Make sure buyers can see it's a dining room."

Hoffman also advises clients to remove rugs to show off hardwood floors and take pictures off the walls. "The less the eye has to distract it, the bigger a room feels," says Hoffman. "People buy what they see. If they can't see the floors or the walls, they won't buy the house."

Interior designer Roberta Lathrop agrees. She tells her clients with smaller kitchens to clear the counters. "You can't have all the small appliances sitting on the counter," says Lathrop, who runs Designs by Roberta in Belmont, Mich. "It will start looking very cluttered very fast."

Smaller houses require owners to rethink what they have and how they use things. "If you have a smaller house, maybe you don't need half a dozen different pans," she explains. "Maybe a single flat griddle that you can put over a couple of burners will do."

One of the first tasks she assigns clients is to go through their stuff-ruthlessly. "We all have too much stuff," she says. "Get rid of it. If you're attached to an item, or think maybe you'll need it, put it in a box and store it somewhere for six months. Then go back through it.

Have you used it? Have you even missed it? If not, donate it. Get it out of the house." That goes for clothes as well, she says.


Assess Furniture Size

Removing clutter is only one aspect of getting a smaller house ready to sell-or just living contentedly in it. Some big pieces of furniture, for example, won't fit in modestly sized houses.


"Take a look at the scale of your furniture, and don't forget depth," Lathrop says. "Things can be a lot deeper than you realize, and all of a sudden, there's no room to walk because that deep, comfy chair you love comes halfway out into the room."


Hoffman frequently asks sellers to remove furniture from rooms that feel overstuffed. "If you've got a huge china cabinet in a small dining room, it's distracting," he says. "At least take the hutch off."


The color palette is very important in a smaller house, says Matthew McNicholas, an architect with MGLM Architects in Chicago. "Loud colors make a space feel smaller because they jump across the room at you," he says. "You want the walls and your furniture to recede." That doesn't mean everything has to match.


"Eliminate the high contrasts," he says. Lathrop says the same colors should move throughout the house. "Blend colors in more medium tones," she says.


McNicholas suggests installing a single type of flooring throughout the house. "Using the same color carpet or the same hardwood pulls your eye along from room to room, and maximizes your perception of space," he says.

Strategic lighting is another way to create the illusion of more space, the experts say. "Use corner uplighting and a room will feel much more open," Hoffman says. In fact, he adds, make sure the house is flooded with as much light as possible. That means trimming bushes or trees that block windows and tying back or removing heavy draperies that close in a room.

Another way to maximize space is to install as much covert storage as possible, such as pressing the furniture into double duty. Hoffman encourages clients with children to buy large wicker baskets that function as coffee tables and toy storage.


When selling a smaller house, he tells clients to keep a couple of large laundry baskets handy. Then, if they have to leave in a hurry for a showing, they can pack the baskets and take the clutter with them to the car.

Room Mapping

Before purchasing any furniture or accessory, it's critical to map out a room. "That way you won't discover you can't open the door to the storage compartment in your new end tables," Lathrop says. She recommends putting a small console in the entry or living room and buying bookcases with a cabinet section.

And then there's the closets: Clean them out. Kay Courtney, CRS®, GRI, a broker in Grand Rapids, Mich., encourages her clients to remove half the items from their closets to get ready for showings.


"If the closet is overstuffed, it says to a potential buyer, ‘There's not enough storage space in this house.' "And just to live comfortably, she recommends storing off-season clothing somewhere other than the closet, such as under the bed. And don't forget the basement.


Courtney says adding a few inexpensive cabinets, even to unfinished basements, can create lots more storage for off-season clothes and infrequently used items from the kitchen.


Hoffman reminds his sellers not to forget the outside of a house. High bushes, overgrown trees, lots of outdoor furniture, and other yard paraphernalia can make a house look smaller. "People want the ideal," he says. "If you don't have it, create it." Installing flower boxes or hanging a swing on the front porch adds a touch of charm and coziness to a smaller house.


For the more adventurous, McNicholas offers a few easy structural changes that give the illusion of more space. Higher ceilings make a room feel larger. In an existing house, building out a small soffit along the edge of the ceiling, creating a tray effect, tricks the eye into thinking the center of the room is higher than the edges.


"It feels bigger," McNicholas says. And lowering the ceiling in a hallway makes the rooms off it feel bigger and grander. "Even a few inches makes a big difference when you walk into the room and get the sense of that extra height," he says.


Buyers also may need some extra coaching when looking at smaller houses. "You have to show them how they can repurpose rooms, like splitting that fourth bedroom they don't need to accommodate a master bathroom and closet," Hoffman says. It's not uncommon for him to bring along an architect or remodeling expert to help potential buyers see the possibilities.


"People want the perfect house immediately," he says. "When they're buying a smaller house, you have to prep them. Let them know they may have to make a few changes, but that it's not scary or overly difficult."


He also likes to highlight the benefits of smaller houses. "They tend to be closer to the city, which means easy access to public transportation," Hoffman says. "And they're often single floor, too, which can be useful in so many ways, from cleaning to just getting around."


Another benefit of a modestly sized house is that it forces families to spend time together, says McNicholas. "When everyone has a room to be entertained in, you're not interacting much," he says. "When you have a smaller space, it puts you together. You can rediscover your family."


But buyers do have to think differently. "It takes more thought and planning to live in a smaller space," Lathrop says. "You have to think about what you need, how you can be more efficient, and where can you add storage." The key is not to be afraid and to embrace the benefits, she says. "It's much easier to take care of, and your electric bill will be lower. What's not to love?"


Storage Smarts

If space is at a premium, home owners need storage that's both functional and beautiful. These days, it's not hard to find. "They're coming out with wonderful furniture with storage built right in," says interior designer Roberta Lathrop. "There are storage ottomans, end tables-even chairs with places to store your remote."

When looking for pieces that can double as hidden storage space, pick designs that don't skimp on the details.


"Traditional details like crown molding or base moldings make a room feel grander," says Matthew McNicholas, an architect with MGLM Architects in Chicago. The same can be applied to furniture. "A room is nicer when the details in it are nice," he says. "The trend in bigger houses is to use less expensive materials because you need so much of it." In a smaller space, it's easier to upgrade the materials for a more elegant feel.


Don't forget "found" storage, or space that isn't obvious. Home owners can install bed risers, which safely lift a bed five or six inches to create storage space underneath.


Another example: spice risers for kitchen cupboards. The bleacher-like devices create three times the space of a single cabinet. Many companies now offer heavy-duty shelving that attaches to the ceiling in garages, basements, and laundry rooms.



Stashed Away

Small closets call for big ideas when it comes to maximizing space. Some are simple and relatively inexpensive, such as adding a second hanging rod or storing off-season clothes under the bed. Experts suggest adding a shelf or two above the rods, hooks on the back of doors and bedside tables with lots of drawers. Decorative hooks on the walls can be used for purses or belts and ties.

Of course, the simplest way to create more closet space is to reduce what's going into it. "When it comes to closets, we just don't realize how much we really have," says interior designer Roberta Latham. She suggests trying on each piece of clothing to see what fits and what still works.


If it doesn't fit, donate it. If something needs mending or is stained-and has been that way more than six months-get rid of it.


"Do an inventory and determine how much space you need for tops, bottoms, shoes, and purses," she says. "Then identify your living habits. Do you like to reach in and grab, or do you prefer everything neatly folded away?" That can help determine what type of storage you need.


Target the closet doors. Replacing a sliding closet door with a regular double door can add six inches of hanging space. Changing to bi-fold or pocket doors can add even more space, Lathrop says.


Architect Matthew McNicholas says to look for empty or dead space to add built-in bookshelves or cabinets.


Other than the bedroom, the kitchen is probably the room most in need of storage space. "There are so many new, more efficient ways of storing things," Lathrop says. "There are rollouts [in the cabinets], spice racks, all sorts of things."


In terms of design, Lathrop says the trend is toward "a European look" that has more efficient storage than the traditional American cabinets. "The kitchen is one of the main meeting areas in a house," she says. "You should think about how you're going to use the space and what you need to store."


Keeping Order

Coat Rack A line of decorative hooks hung on the wall can neatly store coats, purses, and scarves. Many sets come with a shelf on top, creating even more space.


Trundle Drawers For storing off-season clothes, large or odd-sized toys, or anything else that will fit under the bed or under a table. Be sure to look for rolling casters.


Trunks Trunks made of metal, wicker, or canvas can function as coffee tables or end tables with loads of storage inside.


Corner Cabinets These shelves slide into corners to turn dead space into storage. They come in a variety of heights, widths, and finishes, and many have doors to hide what's inside. Try open, hanging corner shelves for a more modern look.


You can contact the staff of REALTOR® magazine by e-mail at narpubs@realtors.org.

 

What is Green Washing  

Today, as many builders rush to position themselves to participate in the green building wave it is important that homebuyers be aware of the "green washing" phenomenon currently present in the industry. Green washing is simply the tendency for builders or manufactures to apply the green label to their products with little to back it up. Today many builders seeking an edge in a slowing market are eager to adopt any practice they perceive may provide them an advantage in the marketplace. For homebuyers this means that builders who haven't changed their building practices in years are suddenly claiming that they have revolutionized their "best practices" overnight to adopt green building principles. Unfortunately the education and paradigm shift required to become a green builder is not an overnight phenomenon. The tendency for builders to claim to be green is likely to continue as the rush toward green continues to be one of the hottest trends in the industry.

As a homebuyer it is important to be aware of what green building is and isn't and to know just what makes that new home you are considering green. Green building practices are more than just installing a few compact florescent light bulbs and calling a home green. Green building involves a spectrum of practices, not just product selections.

Below are a few helpful hints to consider when evaluating green builders and practices:

1.Documentation beats conversation - Ask your builder for documentation regarding the green building programs or standards they use when constructing homes. Does the builder follow a green building program that has defined standards and practices that are inspected and certified? CHB Custom Green Homes incorporates green building programs that adopt Energy Star standards and other nationally accepted green building practices through the Earth Craft or Energy Star House program.

2.Show me the money - Many established green building programs produce homes with documentable energy savings. Your builder should be aware of these and able to educate you in this area. Much of this information centers around the heating and cooling systems installed in your home as well as air sealing and tight building envelope practices. CHB Custom Green homes are inspected several times during the building process by certified green building experts to ensure that the standards of high performance, energy efficient homes are being met.

3.What am I getting for my money? - If it's a green product it should be different than the home down the street built 2-3 years ago. Energy star appliances and high performance windows and doors should be standard. The trades and experts constructing your home should be trained and proficient in green building practices and high performance home standards. CHB Custom Green Homes employees in charge of building your home have all been trained and certified in green building practices. CHB Custom Green Homes employees directing green building practices regularly attend continuing education opportunities to stay current on the latest green technologies and practices. The trades performing work on CHB Custom Green homes are required to follow detailed scopes of work ensuring that your homes are built incorporating green practices in all phases of construction.

4.We must not forget the Realtors that find themselve jumping on the ban-wagon just because they want to position themselves in a market trend that is gaining much attention and is here to stay. As a professional they should only practice for what they are truly certified in and avoid "Green Washing" and protray to know something about the green market when in reality they have no clue of what green building is!

 

 

 

 

 

 

 

 

 

 

Predictions on Future Mortgage Rates

What will happen to mortgage rates if the Federal Reserve stops buying mortgage-backed securities next March?

If and when that program ends, mortgage rates will rise, but most financial observers say it is very likely they won't skyrocket.

Keith Gumbinger, a vice president at financial publishers HSH Associates, predicts that the end of Fed intervention will push rates up about three-quarters of a point for a 30-year conforming loan-somewhere in the mid-5 percent range. By late 2010, Gumbinger says the rate will be closer to 6 percent.

Michael Larson, a real estate analyst at Weiss Research, is dubious that the Fed will actually end the program. He contends that the Fed will continue buying mortgage backed-securities as long as the housing recovery is tenuous. And as long as the Fed continues to dominate that market, "we're not really going to move the needle on rates," Larson says.

Source: SmartMoney, Lisa Scherzer (11/30/2009)

 

Treasury Plans to Push Banks to Modify Loans

The Treasury Department announced Monday steps it is taking to encourage lenders to complete more loan modifications, but critics say the new initiative doesn't address the problems of jobless borrowers or those who are significantly underwater.

The government blames banks and mortgage companies for dragging their feet and, under the new guidelines, will fine them if they fail to increase the number of home owners given relief. It also announced plans to publish a list of the worst banking offenders and to withhold cash incentives until loan modifications are made permanent. The Treasury Department also promises to assign more staff to monitor the process.

The government said it expects 375,000 home owners to be eligible for permanent mortgage reductions by the end of 2009.

Source: The New York Times, Javier C. Hernandez (12/01/2009)

 

NAR: FHA Key to Housing Market and Recovery

The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today's market, NAR President Vicki Cox Golder told a congressional panel this week.

Testifying before the House Committee on Financial Services, Golder said that the FHA program is fiscally sound with responsible underwriting, and needs enhancements not radical reform. She urged Congress and the administration to tread lightly before making changes to a program that has a profound impact on economic recovery and serves the nation's families.

"With the collapse of the private mortgage market, the importance of the FHA mortgage insurance program has never been more apparent. Thus far in 2009, nearly 80 percent of all FHA insured purchasers are first-time homebuyers. And if you take a closer look at the numbers, you'll see that program is doing exactly what it was designed to do-make more affordable mortgage financing available to homeowners," said Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz.

She pointed out that this year almost 50 percent of non-white Hispanic borrowers used FHA insurance or the Veterans Administration's loan guaranty for home-purchase loans and 21 percent used the FHA or VA program to refinance a home loan. Last year, more than 60 percent of home-purchase loans and about 45 percent of refinance loans to black homebuyers were insured or guaranteed by either FHA or VA.

"As the leading advocate for homeownership and housing issues, NAR knows that without FHA mortgage insurance, our housing market could never start to recover," Golder said.

FHA's decline in reserves is in part a reflection of a projected change in home price values, and is not tied to excessive increases in defaults or unsound underwriting practices, she said. In citing the recent FHA audit, Golder said, "If FHA makes no changes to the way it does business today, the reserves will actually exceed 2 percent in the next several years. FHA has sufficient reserves."

FHA cash reserves and capital reserves give the agency combined assets of $30.4 billion-enough to pay all claims over a 30-year period. Most banks are required to hold reserves sufficient to pay only one year of claims. "REALTORS® strongly believe that FHA is taking the necessary steps to assure its financial solvency," Golder said.

"We look forward to working with the Department of Housing and Urban Development. We have confidence that FHA Commissioner Dave Stevens will do what's needed to ensure the financial health and stability of the FHA fund. We encourage FHA to take steps that will have the least impact on FHA borrowers who are such an important part of our housing and economic recovery," said Golder.

NAR strongly opposes H.R. 3706, the "FHA Taxpayer Protection Act of 2009," which would increase FHA's downpayment requirement. The bill would not add anything to FHA reserves but would put homeownership out of reach for many creditworthy borrowers.

"REALTORS® believe that the best way to ensure FHA's success is to strengthen it," she said.

Golder also thanked Chairman Barney Frank (D-Mass.) and the committee for passing legislation to extend the higher loan limits through 2010, but urged the committee to make the higher limits permanent. "The higher limits are not just for a few states with high median prices. There are currently 245 counties in 28 states that have high cost limits-this is a national issue," she said.

Source: NAR

 

Selling Smaller Homes

 In this economic climate, more buyers are being lured to the charms of small homes. Find out what factors are attracting them and how you can promote these listings to consumers.

For buyers trying to play it safe in the softening housing market, a smaller home may be the way to go. Smaller homes tend to not only be more affordable but more energy efficient.


"'Not so big' has almost become chic. Conspicuous consumption is no longer cool," says Susanka, who defines a small home as a third less space than the buyer needs. "It doesn't mean 'less than.'"


Maximizing Square Footage in a Smaller Home

As an architect, Susanka became frustrated when discussions with clients always began with square footage. "I really tried to change the discussions away from size into the things that really matter," she says.


Genevieve Ferraro shares a 1,800-square-foot house in Evanston, Ill., with her husband, two children, and a dog. "Long story short, my husband refused to move to a larger house and I couldn't find a professional decorator who could help me design the house," she says.


Ferraro launched a business, The Jewel Box Home, two years ago where she helps owners of small homes address storage, child-rearing, landscaping, and color choices. She works with various budgets and sometimes all it takes is just a simple rearranging of furniture to make a small space appear bigger and more cozy.


"A smaller space needs a certain type of flow," Ferraro says. "There's this conventional wisdom that bigger is always better and we have all sort of bought into that. There's a stigma that small homes are second-rate."


With a small home, you don't have to sacrifice design or functionality. For example, Ferraro offers some of the following tips for making a small home feel not so small:

·Decide on the room's primary function and let that guide your decorating.

·Keep color, furniture, lighting, and accessories in proportion. In other words, no large-scale pieces should be in a small room. Keep all the furnishings small and it will enlarge the space.

·Rearrange furniture so that the legs show on all of your upholstered pieces. This creates a feeling of space and light and allows the eye to travel across the room and see "through" furnishings.

·Keep tabletop accessories to a minimum. Have no more than three coffee tables and side tables. If you have a large collection of accessories, display them in rotating groups.


The Convenience Factor

In the historic districts and city centers of Maricopa County, Ariz., which includes Phoenix, smaller homes have only recently became affordable. A big part of their attraction is being within a short walk to restaurants, bars, shops, and other services.


"People can pick up foreclosures or flips and can spend their money on furnishings and fixtures ... making it a luxury property on a better budget," says Heather Wagenhals of HQ Real Estate and Investment in Phoenix. "You can create your own paradise within four walls, and it doesn't have to be 10,000 square feet. We're seeing some really gentrified areas turning into charming places to live."


Tony Frantis specializes in selling homes in the Sugar House neighborhood of Salt Lake City, near the University of Utah, the state's largest employer. Homes here-built between 1890 and 1950 and a mix of classic bungalows and Federal/Victorian style-range somewhere between 800 and 1,100 square feet and sell for $190,000 to $300,000.


"When people are looking for small homes, they're gravitating toward areas that are neighborhood-rich," says Frantis. "Most of these people could walk to anything they need."


Some new-development communities also think smaller is better. Diane Balciar sells homes in Westhaven, a development in Franklin, Tenn.


"It's like a Rockwell scene," she says, referring to beautiful streetscapes (along with a dedicated person who visits homes to help with gardening), monthly concerts, a town center with shopping and dining, and a 15,000-square-foot clubhouse with a fitness center. An elementary school is on the horizon. Home sizes start at 2,000 square feet (the average is 3,200 square feet), beginning at $280,000 for a two-bedroom property. But the most popular home purchase are the smaller houses, she says.


An Economic Decision

How home buyers arrive at the decision to live in a small home varies, of course. Kerri Campbell and her husband never thought they'd end up living year-round in a 480-square-foot house they built four years ago as a vacation getaway. In 2007 they sold their sizeable house in Kansas City and relocated to this rustic abode deep in the Ozark Mountains, an hour from Branson, Mo.


"We were ready for a change. Our intention was to either build onto the house or build another house," she says. They hadn't counted on building costs to double and being forced to accept a lower asking price on their Kansas City house. So they decided to make the small house theirs.

With the tighter corridors, they have less space to spread out.

"It's renewed our relationship and made us like each other again," says Campbell, who is writing a memoir about small-house living.


Indeed, many people are looking for a simpler life and a small home equates to that, says Gregory Paul Johnson, co-founder of Small House Society, which gets 25,000 visitors a month to its Web site.


He points to the New Urbanism movement (which promotes walkable neighborhoods) and that more people are using cafes as their living room. Plus, appliances-especially televisions-are smaller than they once were and no longer compromise space.


"People are getting stressed out and overwhelmed, and the economy's just part of that," Johnson says. "The bigger the house, the bigger the headache."

Source: By Kristine Hansen | December 2009/Realtor Magazine

Fannie Mae: New Affordable Housing Options

Fannie Mae announced Tuesday that it has launched several initiatives designed to stabilize neighborhoods and promote purchases by owner occupants and low-income buyers.

Fannie Mae's "First Look" initiative offers buyers who intend to live in the home, particularly low-income buyers, an opportunity to make an offer during the first 15 days the property is on the market. Investors can only make an offer after the first 15 days have passed.

Other programs aimed at stabilizing neighborhoods include:

Deposit Waivers. Fannie Mae will waive the earnest money/deposit requirement for public entities using public funds to purchase a Fannie Mae-owned property. Individual home buyers who have qualified for public funds and want to purchase a Fannie Mae-owned property do not have to meet the usual earnest money/deposit requirement either. Deposits for these buyers can be as low as $500.
Reserved Contract Period. Upon receipt of an acceptable offer, buyers have the ability to renegotiate their offer after obtaining an appraisal.
Extra Time for Closing. Buyers receive up to 45 days to close - 15 days more than is usually permitted for purchases of Fannie Mae-owned properties.

Source: Fannie Mae (11/24/2009)

 

 home Energy IncentivesYou've heard about all the great tax incentives for greening homes with new windows and insulation, so how can you get in on the action? The best place to start is the federal web site, DSIRE, which spells out incentives specific to your state. Existing homes are eligible for a series of efficiency measures that pertain to the home envelope, worth 30% of the cost of equipment. There is a $1,500 cap on the credit per home, including the amount received for heating, cooling, and water heating equipment.

"Features like properly installed insulation, high-performance windows and high efficiency heating and cooling can reduce home energy needs by 20 to 30 percent, saving American families thousands of dollars on their utility bills," according to EPA Administrator Lisa Jackson.

source: Eco Hatchery

Realtor   Analysis Tax Credit Adds 357,000 Buyers

A study estimates that 357,000 buyers have been motivated so far by the $8,000 First-Time Homebuyer Tax Credit.

The study by Campbell Surveys, a division of Campbell Communications, calculated the figure by comparing the number of first-time homebuyers before and after the tax credit was instituted. The percentage of first-time buyers rose from 32 percent in January and February to 43 percent for the rest of the year - except July when the rate fell to 42 percent.

Campbell's Research Director Thomas Popik pointed out that this survey mirrors the numbers calculated by the National Association of REALTORS® and those from Moody's Economy.com.

The data supports legislative efforts in both the U.S. House and Senate to extend the tax credit.
Source: HousingWire.com, Austin Kilgore (09/22/2009)

The Age of the New Type of Realtor

 Green Realtors

An Eco Green Realtor is a green professional that is certified as an EcoBroker®. Specializing in green building, we assist home buyers make smart decisions in choosing a healthy and environmentally friendly home. An EcoBroker also guide sellers in marketing the green or greenable aspects of their property.

I believe that living greener isn't just healthy for us, our families and our communities that we inhabit but for our planet. If that's not convincing enough, greening your home can also save you money.

The so-called green movement has sprouted a fresh crop of lawsuits: greenwashing claims, in which companies are getting sued for making bogus eco-friendly statements about their products. Realtor's should also be careful when stating their listings and claiming they are energy efficient without really knowing what those words mean. Greenwashing is more prominent in areas where there are little or no professionals that can point out the false claims landing them in greenwashing litigation this is a hot area of false advertising. Making sure that the claims are correct by proving it with scientific evidence is key.


An Energy Efficient Certified home have the ability to save residents money on utility bills and their potential to help reduce health problems like asthma, green homes in many ways are best-suited to those making less than an area's median income.

Robert Ivy, McGraw-Hill's vice president and editorial director, said the data show green homes as a bright spot in a tough housing market.

"Green homes are a shining area of growth in new housing construction," he said. "The housing market is literally, statistically, on the verge of a tipping point."


Do you know what makes a green home?


A green home incorporates smart design, technology, construction and maintenance elements to significantly lessen the negative impact of the home on the environment and improve the health of the people who live inside. No matter your location or living situation, the opportunities for living a greener life at home are limited only by your imagination.

Going Green 101


Living a greener life and making your home a greener place is a commitment to yourself, your family, your community and the planet. Going green is a learning process. As new technologies, products and scientific breakthroughs constantly emerge, staying educated on the how's as well as the why's - of maintaining a green home is the best way to ensure your efforts are as effective and beneficial as possible. That's why consulting with an Eco-Broker Realtor or green consultant can better your chances in your greener life.

Besides the health and environmental benefits of living in a green home, many local and state governments, utility companies and other entities across the country offer rebates, tax breaks and other incentives for adding eco-friendly elements to your home. These incentives are available for new and green remodels.

 

Green Consulting

 If you're planning a green renovation or new construction project, make me your first call. I collaborate with architects, interior designers and builders to ensure that your project meets the highest level of green building standards.

RESEARCH&CERTIFIED GREEN

I stay on top of the latest developments in green products, materials, and techniques. I research product information to make sure that it is a true green product as well as environmentally friendly satisfying both the discerning designer and strict green builder.  I research products that I recommend.


PROJECT SCOPE

I provide green design guidance for your home- from top to bottom, insulation to cabinet hardware, to water conservation and green property maintenance. I work together with your team to make sure that your project is held to the highest green standards.


THE DESIGN TEAM

I work with architects, designers and contractors already selected by you, or I can help you to create a team of building professionals to realize your project. Because I believe that my clients should chose architects, interior designers and contractors based on what it is that they do best- design, and build, I don't expect them to have any experience with green but having an open mind to it is critical. I will lead your team with the products and the sustainable design. This is how I will work with you and with the rest of your building/design team. I'm in a better position to assist you on our green project.

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Considering Buying a Green Home? Think No Further  

According to the preliminary results of a study released recently by the U.S. Green Building Council (USGBC) and McGraw-Hill Construction, environmentally friendly homes are no longer a luxury reserved only for the richest Americans.
 
Within the last three years more than 330,000 homes with green features have been built in the United States, of which, more than half of the home buyers earned less than $75,000 a year and 30% earned less than $50,000 per year, according to the study.
 
In addition, 78% of homeowners, earning less than $50,000 per year, say they would be more inclined to purchase a green home. The study said green homebuilding is now a $36 billion per year industry in the U.S.

There are many reasons for owning or buying a green home.

Low Operating Costs

The technologies and practices required to build a green home to a certain standard may result in lower costs to operate the home. Energy-efficient appliances and lighting systems result in lower energy consumption compared to other models. Using less water through water-conserving faucets, showers, toilets, and irrigation systems may also result in less water consumption. Employing photovoltaic panels for solar electricity and water heating, and geothermal heat exchangers could utilize natural resources, too. A tight building envelope construction using spray foam insulation and a properly sized HVAC system means that less energy is needed to condition spaces.

The Environment

Some renewable, recycled, and other efficient building products used in green home construction may reduce the impact on natural resources. Global Warming is another major concern that green homes can help address by using materials that minimize the impact on climate change.

Health & Comfort

Indoor environmental quality is one of the guiding principles of the NAHB Model Green Home Building Guidelines. Homes that allow for proper air exchange through mechanical ventilation and has low-emitting products like low- or no-VOC paints, create a healthier indoor environment. Concerns about environment, energy costs, occupant health and even resale value of the home will add up green for builders and buyers alike. Green homes are definitely shining through as the bright spot in an otherwise gloomy housing market. source: Icynene