Archive for October, 2011

Sold

October 10, 2011

Last week was a good week in real estate.  Another house was sold.  The four letter word, Sold, is a fantastic word for those in the real estate industry. A sold home creates a positive domino effect.

According to the National Association of Realtors for every two homes sold, one job is created. Every time a house is built, bought, or sold, American jobs are created.   www.houselogic.com/jobs

2.5 million American jobs created or maintained, in an average year of home sales. Each home purchased pumps nearly $60,000 into the economy, over time.  Home ownership accounts for nearly $2 trillion of our GDP.  Housing creates jobs. www.houselogic.com/jobs

Looking forward to hearing and seeing this four letter word many times in the future. Sold.  Yes!

Cheers

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October 2, 2011

Why is it when I’m sitting around without the laptop in my lap I come up with great ideas?  Then as soon as I turn the laptop on and decide to share these ideas, I just stare at the blank screen.  Well I decided, I’m just going for it.

This week I met with my bunco friend, Jill Fuller, who is a chemical engineer, now domestic engineer, in the process of writing a book and starting a non-profit organization.  She wanted me to check out her website and offer any suggestions.  We had lunch at Applewood in Camas/Vancouver WA, which was good by way.   Her website is http://www.healeveryfamilytree.com  Check it out.  I’m excited for her as I can relate on a personal level. Her goal is to raise enough money to assist people with certain mineral deficiencies to get the right treatment who otherwise are unable to afford it.  Mineral deficiencies, believe it or not, have a lot to do with “balance” in the brain. However, that is Jill’s department for you to find out more.

Also, this week I took a class to receive knowledge and to add to my clock hours. Realtor’s (R) have to take 30 clock hours of education every two years in order to renew their license.  One of the classes I decided to take was Distressed Properties: Title and Escrow Issues.  Well, believe you me, there are soooo many issues when a seller or buyer decides to sell or buy a short sale and the Realtor(R) decides to represent the client.  It is down right scary.  The liability makes you want to run as fast as you can from short sales.  If you are a buyer or seller in a distressed situation, make sure you have a Realtor(R) who is knowledgeable  in short sales.  I can’t stress how important that is.  Also, I recommend you as the seller or buyer do your due diligence as well. Find out what the consequences are.  Do your research and remember you are not the only one that is going through this sad, stressful situation.

Speaking of a sad situaiton. I came across some news today.  The Jumbo Loans Set to Lower Oct 1.   Starting today, many borrowers in pricey housing markets may find they’ll need a higher down payment or pay higher rates.  Well thank you once again for helping out the housing market.  Give me, as a Realtor (R), and the seller’s, in the pricey market a break!!  Jeeze Louise.  It’s always something.   And, by the way, what would be the higher interest rate?  They didn’t mention that in the article.  Articles tend to mention the doom and gloom when it comes to the housing market and the economy, which results in fear and stagnation.

On the bright side, it is still a great time to buy.  The interest rates are at an all time low.  I do believe once the market turns, many people are going to look back at this time and say, shoulda, woulda, coulda.   When the market does turn and it will, we won’t realize it until after the fact and then it is too late.

Tomorrow I will be at an open house from 1:30-4:00pm in Camas. www.ellenhartzell.realtyproweb.com/11503667  Perhaps, you are in the market to buy or know someone who is?

Well, I think I did good for staring at a blank screen and just going for it.

That’s the latest.