Monday, July 28th, 2014

Choosing the Right Neighborhood

When you are looking at moving, and see a house you like, make sure that you consider as much as possible about the surrounding neighborhood. Some critical things to keep in mind are where your kids will attend school (whether public or private, because public schools have zones that must be considered), the strength of the local economy, if there is a major airport or train station nearby, and what the crime rates are in the area.

Carla Hill explains more in this recent article:

http://realtytimes.com/newsfiles/realtimes2.nsf/rtpages5.1/20110517_neighborhood.htm

SQT12 – 3 Pillars to Success in a Home Based Business

Before you get started on your home based business, you need to make sure you have these 3 things in your pocket, or you are destined for failure. I want you to be successful, and I really think this will definitely help you to get there a lot sooner than just going it alone.

You see, running a business isn’t all just fast cars and going on vacation, it does require a little bit of yourself before you can get there. So take a look at this podcast and give me your feed back below.

3 Pillars to a Successful Home Based Business

Today’s video is all about setting the stage for you to have a successful home based business. There are 3 major things that you must possess if you are going to have a successful home business. With the right tools and mindset, you can make it on your business, and get out of that full time job once and for all!

Please leave any questions or comments that you have…

Orlando Home Sales Down

It probably comes as no surprise, but home sales in the Orlando market have been affected just like the rest of the real estate market in the US. According to the World Property Channel, sales in this area are down 9.6%, prices are down 5%, and the inventory of homes on the market is down 27%.

Pretty staggering numbers, but again, I expect to see numbers like this given our current national real estate market, lack of available financing, and lack of able buyers.

You can read more this subject by clicking here.

Real Estate Firm Sets Up Sting Operation

This is a great story. Apparently, a Florida based real estate company had a piece of property that was continually being penetrated by burglars. In the story, the company decided to put an end to it. So they hired a former marine to guard the house, and he ended up pepper spraying and chasing away the thieves!

Strike one back for the good guys…My only question here is, where were the cops?

You can catch the full story here:

http://www.winknews.com/Local-Florida/2011-05-16/Real-Estate-company-hires-security-guard-to-watch-house-attacks-thieves

Commercial Real Estate Killing Regional Banks

According to a recent article on CNN money, the number of delinquent commercial loans has risen from 8.02% in April 2010 to 9.65% in April 2011. On a percentage scale, that is a 20.3% increase in delinquencies.

So when you are a small bank and a large amount of your revenue is generated from these type of loans, that spells some real trouble. Many of these local banks to not have the deep pockets that the large institutions have, and they are much more susceptible to default.

Sadly, these banks tend to be the best banks out there in terms of customer service, products and pricing. I am a member of just such a bank in my local area, and some of the things they that have done for me were totally unheard of with the national chains.

NAR Forcing Unwanted Fees

According to James Kimmons, he belongs to an MLS system that mandates inclusion in the National Association of Realtors (NAR). As an agent myself, I know the crushing and frustrating pull of these kind of financial anchors.

You need to have access to the MLS, but you don’t want to pay for anything else. And on top of that, the NAR forces an annual fee of $40 for political non-sense.

You can read the full story here:

http://realestate.about.com/b/2011/05/14/no-they-dont-listen-nar-picks-our-pockets.htm

Short Sales & Foreign Sellers

Short sales are definitely a hot topic in this terrible real estate market, but what happens when the owner is a foreigner?

I hadn’t thought about this before, so when I ran across an article on ActiveRain, I thought you would be interested as well. The basic premise is that the feds want to ensure they get their money, so they require a 10% withholding on the money, to ensure it doesn’t leave the US, never to return.

The problem is, the bank will often deny the short sale if this withholding occurs. So what do you do? Click here to see some options.

Inexpensive Fixes to Increasing Curb Appeal

There are many inexpensive things that you can do to increase the curb appeal of your property, or your client’s property. For starters, simply keeping the grass mowed, power washing the exterior and mulching the areas where grass won’t grow really helps to increase the “face” value of the property you are selling.

Kristine Ginsberg goes on with some more things you can do very, very cheaply to give the exterior of your home a fantastic face lift. You can check it out here.

Do You Really Have to Get A Pre-Approval Letter First?

We are living in hard times as far as the mortgage industry goes. Banks have some amazingly strict and convoluted guidelines and policies for getting approved for a loan, and many people that used to be able to qualify, no longer can.

Even if they are self employed, make a lot of money and have been in business for awhile, they may have lots of write-offs and therefore do not have the ability to qualify for a loan.

So in short, confirming that your potential clients have pre-approval letters in their hands in the best way to ensure that you do not waste your time on an unqualified buyer.

Donne Knudsen provides more detail on this subject at the following location:

http://activerain.com/blogsview/2289000/there-is-no-such-thing-as-a-golden-buyer-anymore-get-pre-approved-first-

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