real estate: Time and the Value of $$$ - 03/19/08 08:12 AM
How are time and the value of money related?
Let's look at the following example:
You want to buy a house. The Contract price is $240,000.00. The loan is for $200,000. The term is 30 years and the fixed rate is 6%. Your loan payment would be $1199.10 / month. Total payout over 30 years is $431,676. Total interest paid is $231,676.
Therefore the lender will make $231,676. for lending you $200,000. 
Now let us consider the borrower who can not make a decision or wants to wait until home prices hit "rock bottom". If the borrower were to buy now, his scenario would look … (2 comments)

real estate: Lead Generation vs. Generating Leads - 03/03/08 03:47 AM
What's better, a lead generating platform that gives your sales associates leads, or a team of salespeople that generates their own leads? Give up? They are both equally important if you want to stay alive in today's brokerage business.
Today, more then ever, we have come to rely on the internet and all the available lead generating platforms out there to supply our associates with leads that they convert into customers and clients. Without a lead generating platform, we, as brokerage operators and managers, are giving our associates less and less availability to internet based prospects. However, not all internet leads … (1 comments)

real estate: Give me Realty or Give me Death. - 02/27/08 05:28 AM
Oh brave souls that fight the good fight, that challenge those whom seek to undermine us, that forge new alliances and boldly go into that dark night. To those who practice this profession of Real Estate, I salute you my brothers and sister.
Once again the angry voices of those who seek to control us and to subtract from our worth are jumping on the naysayer bandwagon and are preaching the gloom and doom message that the sky is falling and the real estate markets are not worthy of investment. HORSE HOCKEY!!!
The media is, after two years of negativism, still screaming the … (4 comments)

real estate: What happened to Salesmanship? - 02/21/08 04:24 AM
So, your listings are down and so are your sales. The buyers won't buy and the sellers won't sell. What are you going to do about it? If you or any other breathing human on this planet are experiencing the type of challenges that I hear from many agents, then sit back, take along breath and GET OVER IT.
As a corporate sales coach and mentor, I am amazed how many agents today blame the market on their inability to make a sale. The constant comments I hear of how bad the markets are, how unwilling the sellers are to sell and … (4 comments)

real estate: Affordability and the American Dream - 01/30/08 06:03 AM
So now that it's a buyers market, how come the buyers aren't buying?  Are they waiting for the housing markets to hit "the bottom" or are they just plain scared about making a commitment or is it a matter of affordability? Do buyers know that their buying power may never be greater then it is right now or are they waiting for a "sigh from above" before purchasing a home? Or, are we as REALTORS, not sending the right message to consumers. Or, have we lead them to believe that foreclosures and REOs are "Deals" and they should wait for a … (6 comments)

real estate: Are we entering the new REFI boom? - 01/29/08 04:02 AM
Let's face it, interest rates on consumer loans have come way down since the onset of the sub-prime melt-down and opportunities abound for those willing to get onto the REFI bandwagon. As the cost of financing decreases even further, assuming thet the Federal Reserve will play along, the more affordable a larger purchase may become for many a stagnant home buyer. And since the numbers are coming down, then those who purchased an ARM may have REFI on the brain in the coming months.
With 30-year fixed rates moving towards the  lower end of the 5% range, those who may have purchased homes at … (2 comments)

real estate: It's getting dark out there. - 01/23/08 06:48 AM
"When it gets dark enough you can see the stars." - Lee Salk
This is the time of year when I enjoy looking up at the evening sky and marveling at the wonderful beauty that is the heavens. You can see Mars, Jupiter, constellations such as The Pleiades, Orion, Taurus, Gemini, stars such as Rigel, Sirius, Castor and Pollux, even things like The Orion Nebula and the Andromeda Galaxy.
A few years ago, I purchased an 8" Dobsonian reflective telescope and started to learn about the things I was seeing. However, because of the light conditions during early evening, I failed to see … (1 comments)

real estate: Home ownership bad for America? - 01/23/08 05:17 AM
In response to Clive Crook's article in the December 2007 edition of "The Atlantic".
Clive Crook has sadly missed the mark of his own story "Housebound-Why home ownership is bad for America", in that he has taken way too many words to explain his disapproval of merely one aspect of home ownership, that of the mortgage interest deduction. His premis that this deductioin tends to put a damper on our economic vibrancy and thereby causes negative social effects is nothing more then HOGWASH!
Yes I agree that there is lost federal revenue from these deductions but is this particularly bad for America? On … (3 comments)


Tim Jensen

Wayne, NJ

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Blue GMAC Realty

Address: 5 Newark Pompton Tpk., Riverdale, NJ, 07457

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