Recent Sold Comparables On Public Sites - Actually Answered By Management - Part 1

The following post compares the accuracy of most sites on the internet compared with the information available to Realtors® on sales.  Realtors® continue to be the best source of current information.

Via Jane Grant - Southwest Real Estate - Riverside County, CA:

The question below was asked by an agent who was actually trying to put his sold comparable into the Trulia System.  They have no option for putting in correct data.  See below the response direct from Trulia.
http://www.trulia.com/voices/Using_Trulia/How_do_you_add_a_closed_sale_to_Trulia_for_comp_pu-257837
 
Actual Question: How do you add a closed sale to Trulia for comp purposes if Trulia has no record of the sale?

 

I went through the add a listing procedure and attempted to add it manually (Trulia does not have record of the sale for some reason), however, the add a listing feature doesn't give you the option to indicate that the property is closed, and I do not want it to appear active.

 

 

Trulia's Answer

Hi Luke,

Currently sold listings cannot be claimed by agents on Trulia and we use public records for comparables.

Regards,

Charlie Wheeler
Account Manager | Trulia

My opinion is that, I have a lot of respect for the public sites.  I think they are engineered to promote and get people talking about Real Estate. 

I enjoy Trulia's Q&A and have built up a huge profile and as a result I closed two transactions last year from Trulia buyers.

 
The most common question about these sites is their accuracy in locating, "Recent Sold Comparables".   Everyone wants to know if they are as accurate.  My answer is "Sometimes".
One of the most common places that public sites their information is the, "County Recorder's Office". 
Because California has so many foreclosures Trustees Deeds are recorded showing the transfer of title to either...

1.  A successful bidder on the home - Purchased by Cash buyers at a discount with no warranty.  Buyers are responsible for any back taxes, HOA fees, and or other liens. 
OR
2.  Back to the lender.   If the amount on this deed is the mortgage amount, and it only shows the first trust deed amount then the price will be lower than actual sales are for the area. 
This recorded amount shows up on the public sites as a SOLD comparable, BUT.....
Mortgage amounts, or cash discount purchases cannot be compared with actual, Recent Sold Comparables, where a buyer is purchasing the property in the current market. 


 

Contact me for specific Sold price information and Real Estate trends, per neighborhood, throughout Southern California.  If you're thinking of selling your home call me for a complete comparative analysis!   I do FREE virtual tours and offer staging advice from a Home Staging professional - To help your home sell quickly!

SEE MORE OF MY RECENT POSTS!   Search For Homes

Low Tax Areas In Temecula

Winchester and French Valley Homes

Morgan Hill Homes In Temecula

Chardonnay Hills In Temecula

New Home Buying In Riverside County

TEMECULA VINYARDS - LIST OF THE MOST POPULAR VINYARDS

 

 

Contact me for information about living and playing in Riverside County, California!


 

Jane Grant Real Estate Broker In Riverside County, California -  DRE  01109492
Southwest Real Estate, Inc. 
Telephone:  866 621-0155

 

Temecula Homes For Sale

Riverside County Homes For Sale
 

"Riverside County Living"

Click Here for disclosure of non affiliation!

         

 

 

©Copyright Kate Elim 2011

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Changing of the Guard..."There is NO Rescue Team on the Horizon!" Realtors in West Michigan Challenged to Move Our Profession Forward.

With pride for a fellow Active Rain member I am so happy to spread the word Lola Audu installation as President of the Grand Rapids Association of Realtors®.  Please let Lola know (on her post) how proud you are too.

Via Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate:

This morning, the Grand Rapids Association of Realtors® installed new leadership during the Awards & Installation Breakfast.  I was installed as the Association President.  It is an honor to serve alongside so many exceptional individuals.  After the installation, I gave a speech to the members.  Here's the text:

GRAR Installation & Awards Ceremony 2010
 
Good Morning Ladies & Gentlemen,
 
Lola Audu - 2011 Grand Rapids Association of Realtors® PresidentIt is truly an honor to be with you today and accept the challenge and responsibility of the position of President of the Grand Rapids Association of Realtors®  It is a responsibility I take seriously and will do my best to fulfill in a manner which benefits the good of the Association and its members.  I would like to offer a word of Thanks to Cathy and Pat for their participation in this program.  These women have blazed a noble and courageous path as past Presidents of this Association and for their service at the State and National level.  It is a privilege to have them here and an honor to follow in their footsteps.
 
I'd also like to thank the GRAR Staff and the Board of Directors.  Serving during this period of time has entailed personal sacrifice of time and energy.  It has been honor to serve with these men and women who have given of themselves, their wisdom and their talent.  I look forward to serving our members alongside the new Board of Directors who are joining us at the table next year.   To our officers...this year I've learned about the power of brevity through the focus of John Postma's leadership, the wisdom of experience through the service of Tom Paarlberg and the importance of not taking things too seriously by the fun-loving spirit of Ed Hansen.
 
I am incredibly grateful for the presence of members of my family here to witness this Celebration.  I'm so thankful for the example and love of my Mother, affectionately known to many as Mom Comfort whose faith and guiding principles have been a bedrock from which I've learned to grow and thrive.  She is one of the most loving persons I know and her practical example of dedication and courage continue to inspire my journey on a daily basis.  And lastly, I'm so grateful for a loving partner in my husband Clement.  Your support and encouragement are treasures which I cherish deeply.
 
A few weeks ago, I was going through some old journal entries when I stumbled upon a notation that I had made at the end of February 1996.  I had been in the business for less than 10 months and was then employed by Art Sturgis at the Century 21 office on Plainfield.  I was in the office when the secretary indicated I had a phone call.  I answered it only to find that a deal was falling apart and the client could no longer purchase the home.  Over the next 3-4 hours, I got a phone call approximately once every 30 minutes and watched 7 transactions tank in one single day!  Talk about been unnerved!  It's the sort of situation that is a serious challenge to a seasoned agent, but to a new agent it could have been fatal!
 
Over the next 24 hours, I did a lot of soul searching.  Was this a profession that I wanted to be in?  All that work, all that effort...and now nothing?  I was tempted to throw in the towel, to call it quits.  That night during a time of meditation and prayer, I had a serious talk with myself and God.  I made a decision which I wrote down that with God's help, I would make it.  I was not going to quit.  You know, looking back I don't even remember what those 7 transactions that tanked were all about, but I do remember the decision I made to move forward IN SPITE of, not because of the situation that raged around me.
 
I believe that we are at a point of decision as an Association and an industry today.  For many in this room, that may be a personal crisis or a challenging year in the business.  Our industry has been sailing in stormy waters for several years.  Buffeted by a flagging economy, rising unemployment, shrinking credit options and significant loss of equity for our clients as house prices have plummeted.  As we talk to our clients, we find that many of them are also facing the challenge of making a decision.  Over the past few years, the foreclosure and distress sale crisis had forced many families in West Michigan to make decisions that have wrecked havoc in their lives or been the result of having to deal with dire economic circumstances.
 
However, I've found that life often grants us the grace of it's most important lessons through showing us WHO we are through the manner in which we make decisions.  There's a part in all of us that dreads the darkness of the valley. Just like the development of the pearl requires the oyster to go through a time of hardship and irritation to produce something of tremendous value, we often go through difficulties to enable us to gain wisdom, experience and more.

For in those low places, we are vulnerable and feel helpless.  We crave mountaintop experiences from which we seemingly rise above circumstances and triumph.  But I think that neither the despair of the valley or the triumph of the mountain give us an accurate picture of who we are or better said...who we are becoming.  Rather, what these moments do is reveal what we're made of. Valley experiences are rich in nutrients, because everything from the mountain eventually washes down and provides fertile soil.  The Valley experience reveals the courage of our convictions and the strength of our resolve and determination.  Our unwillingness to dig deep or to wallow in self-pity is a waste of deeply enriching experience.  

This year, your Board of Directors will be studying a book entitled, 'The Thin Book of Naming Elephants'.  It's a book which chronicles the lessons learned by NASA through the horrible tragedy of the Challenger Disaster.  It is a challenge to look at, grapple with and tackle difficult questions and issues in a practical and thorough manner.  In the valley, we have a number of choices, but two are worth noting...we can choose to simply get dirty and pitiful, or we can become resourceful farmers who grow a fruitful harvest which in time will yield a bountiful return.

 
Mountain top experiences are no less challenging, although we may perceive them as more beneficial.  The thing about mountain tops is that the air is thin.  And people on mountains are prone to becoming lightheaded.  They may even fall off.  Success is wonderful, but it's what we DO in our success that reveals more about who we are than the fact that we are successful.  The truth is the term 'MY SUCCESS' is really inaccurate.  Is anything really ONLY the result of your own effort or hard work.  Think about it?  Are we not all indebted in some fashion to our life experiences and opportunities?  Parents and teachers who cared for us, friends and family who have supported us, clients who have chosen to use our services, mentors who have trained us?  Our success is really a result of their investment in our lives as much as it is a testimony to our efforts.
 
Failing to understand the true nature of the success of a mountain top experience has the ability to make us more prone to making fatal errors and miscalculating the implications of our choices.  At the mountain top of high sales volumes, we often chose to focus on self promotion rather than self-improvement.  We often failed to invest in training and technology and missed some opportunities to create important strategic alignments.  As a result, during this storm, our industry has suffered.  

 

Next year, we will be launching 4 New Initiatives at the Board to address the issues. The saying goes...if it's going to be, it's up to me!  There is no rescue crew on the horizon which will guarantee us safe passage through these stormy waters.  All of us will need to do the hard work and roll up our sleeves to deal with the task of re-inventing our industry and profession in a way that serves our future!  We have to broaden our thinking and understand that we are a part of a global framework, but our greatest impact is in finding solutions that work for us locally.

 

The Broker Relations Taskforce will be tasked with the vital task of attending to the health and well-being of our Broker Community.  Our Brokers are our first line of defense.  Building a strong, profitable Broker community supports an environment which allows agents to be trained and supported.  Broker education and professional development has often been neglected.  Brokers are the core business building block of our community and your association will continue it's efforts to ensure that this important cornerstone in our real estate industry is given the tools necessary to weather the storm intact.
 
Ensuring that our Association remains financially healthy and takes full advantage of emerging opportunities for collaboration and cooperation will be the task of the Economic Enhancement Taskforce.  This talented group of individuals comprised of several of our most experienced leaders will study opportunities for regional and international alliances.  Today, we live in a global village.  Grand Rapids is poised on the threshold of many exciting ventures.  The real estate industry is big business.  Our voice needs to be a vital part of the discussion about emerging issues which will shape the landscape for decades to come.  In addition, we need to explore our current financial framework at the local level to ensure that we are utilizing our resources and investing them in the best way possible.
 
The Next Generation Leadership Taskforce and The Social Media Technology Taskforce will deal with the issues of developing a Leadership Track for emerging leaders for our profession.  It is not only important to train leaders, but we must also give our members the tools to support their ability to be competitive in the professional setting that today's consumers demand.  The launch of the Consumer Centric website will afford us a unique opportunity to reach out to consumers.  This past year we also launched the Strategic Relations Matrix, a powerful initiative in which over 140 Members of our real estate community are actively engaging at various levels organizations and individuals throughout the Grand Rapids metropolitan area.  Through actively collaborating and sharing, we can extend our influence and service in tangible ways.

 

It is said, that there is only one sea in the world in which no life grows.  It is known as the Dead Sea.  Although I have never visited this sea, those who have tell me it is beautiful; in fact crystal clear.  But, it does not contain active life forms...just minerals, the decaying fossils of life forms.  Everything that lives, need to give and exchange in order to thrive.  We stand at a threshold of opportunity.  We can choose to actively engage and transform our environment.  We must not give in to the temptation to become fossilized replicas of the vibrant community we once were.
 
We are here and must continue to make a difference!  Today, I'm challenging ALL of us to a greater level of service!  How can we serve our community beyond the practical limits of our profession.  Realtors® have always given of themselves.  Today's Good Neighbor Award winner is proof of the many ways in which members of our community reach out on a daily basis. And so often, we are not aware of what members of our community are doing on a day to day basis.  Agents who serve meals at God's kitchen, volunteer in local schools and churches, coach and mentor kids, deliver meals to the elderly or sick...  This year, we will be launching an initiative called 50,000 Points of Light!  Imagine...50,000 HOURS of services gifted by the members of the Grand Rapids Association of Realtors® to our local West Michigan Community!  We can do this!  If 1,000 members or roughly half of our membership simply gave 5 hours per month in service, we could easily top 60,000!  The Next Generation Leadership Taskforce will have the task of energizing us and coordinating our recording to make this a tangible reality!

 

An ancient fishermen’s tale recounts the story of 3 men who fished all night and caught nothing.  Tired, drained and exhausted, they watched the sun rise slowly from their little dingy and prepared to head back to shore.  It was then they heard the voice, an unidentified person from the shore calling out to them, asking if they’d caught anything during the night.  Obviously discouraged, they admitted they had not.  But, were surprised by what this man did next.  He asked them to cast their nets on the other side of the boat.  What?  He could have said, ‘you went fishing on the wrong day, or you’re on the wrong part of the lake, but no…just shift a little.  Shift 3 feet.  To their credit they did.  The rest is history.  The catch was so large, the boat began to sink!  From this story we can learn something about the limits of experience.  Many in this room are experienced veterans who have been leaders in our industry.  For some, you may just be starting.  But, crisis demand that we rise above.  That we go beyond the limits of our experience.  That we be willing to SHIFT a little.   

 
We're in a race, a race we must win.  A race we can win.  Let's lean into the curve and take strength from the momentum of positive motion.  Together, we can make it.  Together we are capable of doing more than we ever imagined.  I sincerely look forward to running this stretch of the race with you!  Thank you for the opportunity to serve!

 

 

Lola Audu, CRS, GRI e-Pro ~ Audu Real Estate

Lola Audu, is the Designated Broker & Owner of Audu Real Estate.  Our company specializes in helping people buy and sell homes in the greater Grand Rapids, West Michigan area.  We've had the privilege of helping hundreds of clients succeed in their goals of purchasing and selling property including demonstrated success in the negotiation of Short Sale Transactions. You can contact us via e-mail @ info@auduhomes.com or by phone at 616-791-0511. 

Twitter feed for Lola Audu     Auduhomes on Facebook     Lola Audu's photostream on Flickr 

 

©Copyright Kate Elim 2011

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GET MOVING WITH KATE!

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lakeannacountry.com

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Are Your Plans for a Home at Lake Anna on Hold for the Holidays?

Are Your Plans for a Home at Lake Anna on Hold for the Holidays?  With all the shopping and preparations involved in getting ready for Christmas and New Years there's little time to think of other things.  Even things that are as exciting as a new home at Lake Anna.

Once the holidays are behind us though, the timing will be right for the search to move forward.  Some buyers think that they'll wait until May or June to begin looking.  However, the earlier you start the better off you will be.  Many begin their search in the January-February time frame as that provides plenty of time to familiarize themselves with Lake Anna.

Lake Anna - photo by Kate Elim, Realtor

Lake Anna...a great place anytime of the year

Lake Anna covers a large area with the lake measuring about 17 miles long with approximately 270 miles of shoreline.  We have about 120 individual subdivisions so there's lots of territory to cover.  Who best to show you around?  A REALTOR that knows Lake Anna well.  There are so many things to learn about the lake and by getting a good start buyers have the time to explore it well.  Finding what you want might take time so allow for that.

New listings will be coming on the market early in 2011 as sellers here know that many buyers are beginning to get serious about their search.  Even if buyers are not here in person they are certainly on the web checking out possibilities.

Getting a head start means that there is plenty of time to get a good feel for pricing, locations around the lake, and a good idea of the type of homes available.  Once the spot that speaks to you is found it will still be between 30 to 45 days before settlement to take place.  That could mean it will be April or May, possibly later, before you are given the keys to your Lake Anna home.

Most buyers are thinking of what it will be like to spend summers here.  From one who has spent 18 years, full-time year round at Lake Anna I can tell you which seasons are great...Winter, Spring, Summer, and Fall.

Before you know it the time to search will be here.  I'd love to share in the adventure!  Just  call or  email. 

 

 

©Copyright Kate Elim 2011

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A Spot of Bright Color

Today was a very pretty sunny day at Lake Anna.  There's still snow covering the ground so looking out from our sunroom we could see the contrast with the blue water and the deep blue sky.  Nevertheless I was in the mood for looking at some pictures I had taken last spring down in Williamsburg.  The main library there had some beautiful flower beds.  I thought I'd post one of the pictures because flowers are a treat any time of the year.

Williamsburg Flowers - photo by Kate Elim, Lake Anna, VA

 

Even though Christmas is only days away, I hope you'll enjoy this photo as I did.

 

©Copyright Kate Elim 2011

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GET MOVING WITH KATE!

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DO YOU BOOKMARK or EMAIL ACTIVE RAIN BLOGS THAT INTEREST YOU?

Do you Bookmark or E-mail Active Rain blogs that interest you?  I've been on Active Rain for a bit over three years and I have way too many bookmarked blogs.  What do I do with them?  I ignore them.  Yes, that's sad to say but it is exactly what I do.

I have way too many bookmarks and absolutely no idea how to find the one I want.  Yet I found that pretty frustrating because there was an absolutely good reason why I bookmarked them in the first place.  I wanted to re-read them, to have them available when I could make better use of the information they provided.

Eventually I pretty much gave me up on bookmarking additional posts...and that hurt!  There is such a treasure trove of terrifically useful information Active Rain members share with one another.  I wanted to find a way to be able to access those posts effectively.

There were so many bookmarked posts that provided new ideas on how to market myself, tips on better serving buyers and sellers here at Lake Anna, how to better understand the magic of SEO, and loads of other topics that I wanted this resource available.

There had to be a better way for me to do that.  Maybe some of you have found your own way to find what you wanted in your bookmarks quickly and easily.  Finally it came to me.

I began to email them to myself.  Yes.  Right next to the icon for bookmarking, above the comment box, is the icon which enables you to email a post.  This is great when you want to share that post with someone else.  It is also great for emailing posts to yourself.

Once I receive the email with the link to the saved post I label it (one of the many great features available with Google email).  Deciding what labels I need is an ongoing project.  Without getting too specific and yet not lumping them all together with one label marked Active Rain takes some doing.  By looking back over some of the posts I had bookmarked and emailed to myself I was able to come up with a short list to get started.  This is definitely a work in progress. 

That spells success to me.  What the heck, anything that makes life a little easier is something to be grateful for.

If you have found a way to easily find the posts that are important to you pleasae let us know.  That is what is so great here at Active Rain, our willingness to share.

 

©Copyright Kate Elim 2011

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GET MOVING WITH KATE!

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Common Myths About Real Estate Agents

These are not all of the myths about real estate and real estate agents but it does point out some of the most common ones.

Via Debe Maxwell - Search Charlotte Homes for Sale - Charlotte NC Neighborhoods (Helen Adams Realty):

Common Myths About Real Estate Agents

Ask anyone about their experiences with real estate agents, and you will no doubt hear a wide variety of responses.  There are so many myths about agents that tend to be taken as truths when someone has a negative experience.  A good real estate agent is worth every single penny you spend for their expertise.  Let’s examine some popular myths about real estate agents.

So you think real estate agents make too much money?"They make too much money."  According to CareersInFinance.com, the median salary for real estate agents in 2009 was approximately $54,000.  Agents have to pay exorbitant business expenses such as broker’s fees, professional organization memberships and MLS listing fees.  One of our biggest expenses is marketing homes for sale for buyers and sellers.  These expenses quickly add up and ultimately take away a large percentage of our pay.

"They won’t get you a good deal because they make a commission on the sale price. Yes, real estate commissions are based on a percentage of the sale price.  However, consider the same sample percentage, for example, the commission on a $185,000 home would be $5550, while the commission on a $200,000 home, $6000. That difference of $450 is hardly worth creating a negative impression by “getting you a bad deal.”


Anything?  Really?"They will say anything in order to make a sale."  Professional  real estate agents work for you; our goal is for you to have a positive experience with us.  After all, much of our business comes from referrals. We want you to be happy so you will tell your friends and family about the excellent service that you received when buying or selling with us.

"They don’t do anything you can’t do on your own."  The truth is that buying and selling real estate can be quite complicated and time consuming.  Sure, you can order home inspections and surveys on your own.  You can even negotiate for your terms.  However, professional  real estate agents are trained to do this and have experience at it.  As a result, we’ll save you money, time and make your life less complicated throughout process.

Don’t underestimate the value of a professional real estate agent.

Let me help you save time and money when buying or selling your home.  Call or email me today and let’s get started!

 

©Copyright Kate Elim 2011

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What Does a LOCAL SPECIALIST Provide the BUYER? Sometimes MORE than You Think.

What Does a LOCAL SPECIALIST Provide the BUYER? Sometimes MORE than You Think.  When I was an agent in Northern Virginia I would have been at a loss to work with a buyer looking for property here at Lake Anna.  At the time I may not have known that but I sure do now.  Why now?  Because Lake Anna is where I happily hang my license.

Lake Anna - Photo by Kate Elim, Realtor

This post was inspired by a featured one written by Laurie Mindnich concerning the value of an EXPERT. There are times I think it can make a very big difference.  Laurie provided a definition for expert.  She wrote:  An expert: "A person with a high degree of skill in, or knowledge of, a certain subject."

There are some areas that are different than others.  When I worked in Northern Virginia I covered a very large geographical area from inside the Beltway where my office was out to Burke, Centreville, Herndon, etc.  Why?  Often because buyers would prefer to live inside the Beltway and began their search there. 

Many realized that they would not find the size home they wanted for the price they were willing to pay and in order to get that home they had to look further out.  Sometimes we kept going further and further.  This is why I understand agents that believe they can do a great job for their client no matter how far away they search.  Believe me that is not always the case.

Helping buyers find the right property at Lake Anna involves more than I can find on the Internet.  MRIS gives me plenty of specific information about the properties.  I can look up tax records on county sites (also made available through MRIS), I can certainly Google Lake Anna and see what I can learn about it from blogs and recent newspaper stories, and I can go there and drive around.  What then is missing?

These are some of the things that an agent unfamiliar with Lake Anna and out of the area will not necessarily know and understand:

  • That there are two parts of the lake and what are all the differences between the two.


  • Of the more than 120 communities which ones are on which side of the lake.


  • Which areas of the lake have deeper water?


  • Which areas are known to be more shallow?


  • Of those 120 communities which ones have stricter covenants and which ones have virtually no rules and regulations.


  • Where are some of the favorite fishing spots?


  • When are the fishing tournaments held and when?


  • As Lake Anna is in a pretty rural area what kind of things are there to do around there.  (This question comes up with almost every purchaser I work with.  That and shopping.)


  • What types of activities take place at Lake Anna?


  • Are there many clubs and organizations that I can join?


  • How far is the closest medical facility?

 

  • Are there many other full-time residents living here?


  • Are there many younger families with school age children?


  • Lake Anna does not have public sewer and water.  What takes their place?


  • Which builders have stellar reputations and deserve them.  Which ones to shy away from.  (We have a number of purchasers looking for land and plan to build.)


  • Which communities have assigned boat slips?  None?  First come first served?  Covered?


  • Which communities are gated?


  • What are the amenities within each community?

There are many other things that I have learned through the years working and living at Lake Anna.

Hopefully these do not seem like small things to you.  They are important to buyers even if they don't know about them.  We, local agents, talk to them about these things and they are often items that make a difference to them.

Sure, if some agent wants to take a lot of time researching these things they'll have the answers sooner or later but it will take quite some time.  What is the purpose of doing that?  It took me quite awhile to learn all of these things and many more while working hand and hand with other Lake Anna agents in my office. 

I'm comfortable saying I have a "high degree of knowledge of a certain subject, namely Lake Anna real estate". Whether that makes me an expert or a specialist is almost irrelevant. What it does make me is a great asset to a buyer looking for property at Lake Anna. That was my goal and still is.

Sometimes we just don't know how much we don't know.  When that's the case we may be doing a disservice to our client.  That's the time to not only think about referring but to actual do a referral. 

When you don't, whose best interest are you protecting?  Could it be yours and not your clients?

 

©Copyright Kate Elim 2011

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GET MOVING WITH KATE!

540-226-1964 cell

lakeanna.kate@gmail.com

lakeannacountry.com

lakeanna-realestate.com (Blog)

 

My Kodak Moment...Determination and Hope in the Aftermath of Hurricane Katrina

My Kodak Moment...Determination and Hope in the Aftermath of Hurricane Katrina.  There's no denying that the devastation caused by Hurrican Katrina in 2005 was monumental.  What was wonderful was the perserverance shown by so many not only in the efforts to clean up the destruction but to plan for the future.

As a Red Cross volunteer I had the opportunity to travel to Mississippi, specifically to the Gulfport/Biloxi area.  While there much of the time was taken with the work we were performing.  Fortunately I had an occasion on one of my days off (we had one day off a week) to drive along the coast with a couple of other volunteers.  Even though we were out in the community as we worked with displaced people it was still an eye opener to simply drive along the beach area which was closed to traffic.

We had a Red Cross sign on the rental car I was driving.  It was enough for a National Guardsman to let me pass through the blockade.  As we drove along Beach Boulevard in Gulfport we were amazed to see the destruction.  This is a road that runs along the waterfront facing the Gulf with the beach just across the street.  In this photo you can see how that road is covered with sand.  Beach Boulevard had been lined with stately homes, churches, and buildings.  Not many structures survived Katrina's onslaught.

Hurricane Katrina Aftermath - photo by Kate Elim, Lake Anna, VA

WE SHALL RETURN (Survivor Spirit)

There are many, many photos that I could include here but I have picked one that is a geat example of the survivors spirit.  I love the message displayed as well as the flag flying.  We found this spirit to be prevelant among so many of the displaced residents.  It was amazing.  Their spirit lifted my spirit.

Today, hearing that 13 million families will lose their homes to foreclosure it made me think of what those that were hit by Katrina faced.  Many lost not only their homes but also their jobs.  Many found out that their insurance would not cover the lose of their homes, cars, and personal property.  No matter how it happens, because of a natural disaster or a financial loss, these are tough situations. 

It amazes me to think about the number of people that are called upon to survive man-made and natural disasters.  Losing your home is a disaster.  As we work in real estate we realize how important people's homes are to them. 

What is inspiring is the strength and optimism displayed by those that have survived these losses and remain determined to have a HOME.

We, in the real estate profession, have the opportunity to help them and others fulfill that dream so do the best you can.

Kodak Moment - Photo by Kate Elim, Lake Anna, VAThis post is written as a submission to the ActiveRain 'Kodak Moments' contest. I have the chance to win the KODAK EASYSHARE M580 Digital Camera To participate in the ActiveRain contest, visit the blog post announcing the contest from Kodak and ActiveRain.

 

 

©Copyright Kate Elim 2011

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Obtaining Good Value When Buying a Home

It's great when buyers are experienced enough to recognize value on their own.  When they are not this is a great reminder of what we, as buyer agents, can bring to their attention.  We're in a position to be less emotional about the process and can point out how they can make a decision that will be a wise one.

Via Myrl Jeffcoat (Real Living Great West Real Estate):

 

 

When you buy and what you buy can make a big difference in terms of your prospects for appreciation.  It is important to do your homework and research before you buy.

Buy into an area of employment strength.  Of course, in this era of corporate volatility, it's not easy to guess which companies will remain stable and which will grow.  Rising unemployment nearly always lowers property values.

Want a good barometer of a community's economic vitality?  Look at how well brand-new homes are selling in the area.  A community able to absorb a large amount of new housing stock usually has a growing economic base. 

You can obtain statistics on local new home sales through a good real estate agent.

Eyeball a neighborhood in terms of upkeep.  A neighborhood that's not well maintained will depreciate.  If a drive through a community reveals the presence of junk cars, poorly kept yards and unkept houses, it's reasonable to fear that values there will decline.

Unfortunately, poor maintenance is contagious.  When one neighbor lets his yard go, the other says, "Why should I bother to keep up my yard?"

Think specific schools, not just school districts.  People are becoming a lot more aware of education. 

It used to be that homebuyers with children were satisfied to buy into a general district known for "good schools."  But these days, increasingly, they focus on a particular school within a district.

Buying a home in the neighborhood by a "crème de la crème" public school could be a safer bet in terms of the stability of property values than buying within an area where schools are generally considered good.

But buy close enough to the prized school that you won't likely lose access to it if school boundary lines are redrawn.

Seek to buy one of the least expensive houses in a splendid neighborhood.  If your home is the vine-covered cottage surrounded by large chalets, you can expect the neighboring homes to pull up the value of your cottage.  But buy the grandest chalet on the mountainside and you can expect the more modest homes there to hold down its value.

Buy the cheapest home in the best neighborhood is one widely known ideal that continues to prove true, time and again.

Buy a house not dressed in its Sunday best.  One way to get a great value in a prime neighborhood is to buy a house with cosmetic or other superficial problems.

Houses that are messy and not all fixed up are often the best buys.

Because homes with cosmetic problems are a turnoff to most buyers, who can't see through the mess to the potential, they typically go at a discount of 10 percent to 15 percent off similar properties in tip-top condition.

And a few inexpensive improvements, such as a thorough cleaning and a new coat of paint, can result in a big change for very little cash.

Get a "market analysis" before you commit to a particular purchase.  It's long been common for real estate agents to provide neighborhood market information to their home-selling clients.  A "market analysis" compares a house to similar homes nearby that are on the market and can help spot an upward or downward trend in values.  Smart sellers have traditionally relied on market analysis data to set the right price for their homes.  Buyers can also have their agents tap those same statistics to be sure they get a good deal.

Buying a home dispassionately - The more carefully and rationally you make your home selection today, the better your chances of doing well when you sell your home in the future.

To be calculating is merely self-preservation. 

If you have questions as a homebuyer, and I can be of assistance, please feel free to contact me!



Real Living Great West Real Estate
(916) 635-0420
http://www.myrljeffcoat.com

 

 

 

©Copyright Kate Elim 2011

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GET MOVING WITH KATE!

540-226-1964 cell

lakeanna.kate@gmail.com

lakeannacountry.com

lakeanna-realestate.com (Blog)

 

Procrastination.....The #1 Killer In Business

Before I forgot to do this, I thought I'd better share this with those of you that need this reminder as much as I do.  Yes, I know, we all know what we're supposed to do but doing it is harder.  I make my lists and constantly try to tackle the hardest things first but I'm not always successful.  Hopefully you will find some words of wisdom here that will help you change your ways.  I'm still hopeful that I can change mine.

Via Barbara Todaro (RE/MAX Executive Realty in Franklin, Ma):

The quality of one's organization skills will determine the degree of success one accomplishes.  Often, real estate agents are pulled in many directions with no room to breathe in between.  We may have a listing appointment just before a showing, and other paperwork to complete after our appointments are finished.  The list is never ending.

Trouble brews when agents procrastinate.  One may decide to complete that paperwork tomorrow, and when tomorrow arrives, another listing appointment surfaces.  Now that agent is feeling the first signs of "quick sand" under foot.  If the agent does not spend additional time clearing hie/her desk of postponed tasks, business will eventually be lost.

Procrastination is the root of future destruction in the real estate business.  I know this is trite, but "never put off until tomorrow what you can do today."  It will eventually catch up with you and bury you.  It will bite you in the ass, and that bite will leave you in a whirlwind that results in lost dollars.  One lost piece of business could easily lead to another; just as one quality piece of business attracts more and starts the ball rolling. 

Procrastinating is a habit that needs to be broken.  It results in rushing to complete tasks rather than accomplishing those tasks with thought and care in an organized manner.  We will eventually finish all of our work; but will the quality of that work be up to par?  At the end of every day, make a list of the tasks to be completed the next day, and don't leave the office until they are complete.

                             

  www.franklinmahomesales.com

The Todaro Team.....#1 Team in Franklin's #1 Office

                  

 Read Barbara’s Franklin Blog

 My  Outside Blog

 

©Copyright Kate Elim 2011

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GET MOVING WITH KATE!

540-226-1964 cell

lakeanna.kate@gmail.com

lakeannacountry.com

lakeanna-realestate.com (Blog)