Blogging Tulsa Real Estate: Debbie Solano -- ABR, CRS, e-PRO, GRI, SRES (Coldwell Banker / Select, Realtors -- Tulsa, Oklahoma)

Will Pinterest go the way of Napster? If it was up to me, the answer would be “YES!”

Pinterest has been phenomenal in it's viral expansion.

There are many valid concerns about copyright infringement in this article that I have reblogged.. 

If you follow the comments to the article I have reblogged, you will be able to discern better how to use Pinterest.

I would like for people to pin photos I have taken and "Pin" my web pages.

I recently began usingg Featured Images on my WordPress web pages so that people will be able to pin those pages.

If Pinterest pushes traffic to my websites, then my mission has been fulfilled:

Homes, building lots, and homes for sale in Midtown Tulsa, South Tulsa, East Tulsa, Tulsa County, and Beyond

Oklahoma Horse Properties

OK Land and Ranches

Tulsa Short Sale Agents

Tulsa Real Estate Web

Northeast Oklahoma Real Estate

Cancun Beach Vacation Villa Rentals

Riviera Maya Beach Vacations

 

Via Richard Weisser Coweta Fayette Real Estate:

Spring AzaleasTo tell you the truth, I never even looked at Pinterest until yesterday. After all, I am loathe to use the work of others for my own benefit.

But after discovering that many of my images were being used without the required accreditation or citation, I became incensed.

Why should I give up the rights to my work and get nothing in return?

I don’t want to speak for Pinterest, but it seems that their justification is that if there is a link back to the original site, that is enough.

Not so. Many of my works are displayed on sites that are not mine and used by permission with a limited license agreement. So if my photo is pinned from a site that is NOT mine, I get NOTHING. Zero. Zilch. Nada.

Pinterest seems to claim that “safe harbor” applies to them. I sense a long and protracted uphill fight for them.

Am I missing something here?

Why should I have to fight to protect what is mine?

Follow Me on Twitter Follow Me on Facebook Lets get Linkedin My Outside Blog Watch my Videos on YouTube

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park. North Georgia Photos.

 

North Georgia Photos

What is Land? A Biblical and Theological Perspective

Those of you who know me already know that I think about everything theologically, and so it just seems approriate to deal with the topic of land from a theological and Biblical point of view.

Several months back I posted an article on OKLandandRanches.com called What is Land? A Judaeo-Christian Theological Perspective. Then I reblogged the same article on OklahomaHorseProperties.com called A Biblical Perspective on Land -- Land from the Bible's Point of View. Finally I posted it on MidtownTulsaRealEstate.com called Land in the Judaeo-Christian Biblical Tradition.

I have given myself permission to reblog those articles posts and entitle this post What is Land? A Biblical and Theological Perspective.

What is the nature of land? I will be examining land from several perspectives over the next few months. Since nobody likes to listen to me expound, it works to post my ideas here and give my Tulsa friends and family a break. Only those who are really interested in theology and biblical studies will press on to discover some of my own thoughts regarding the nature of land.

What is Land?

So let's begin.

Is land the same everywhere? Is land different in Oklahoma from other places?

Can land be bought and sold? If so, when we buy land and sell land, what is it that we are exchanging?

Theologians, lawyers, real estate agents, farmers, geologists, accountants, and sailors all have varying perspectives on what land is.

Today, I will examine the question, "What is land?" from a Judaeo-Christian theological perspective. What does The Bible say about land? What does the book of Genesis say about land?

What is the Biblical perspective on land? What is land from the point of view of the Bible?

Land in the Judaeo-Christian Biblical Tradition

The Preamble to Genesis describes the Creation of the World.

"In the beginning" of the Bible, "when God created the heavens and the earth" there was nothing but chaos, or what the Hebrew text calls the "tohu wa bohu" the traditional translation for which is "formless void."

The newly revised New American Bible Old Testament (NAB. Oxford: Oxford University Press, 2011) says:

-- and the earth was without form or shape, with darkness over the abyss and a mighty wind sweeping over the waters --

Hence, there was no land "in the beginning."

The Preamble lists the generations of the heavens and the earth. The Preamble to Genesis (Genesis 1:1-2:3) is a cosmological toledoth or genealogical list of the generations of the heavens and the earth, the birth order of the cosmos, or what came before history. This is the Priestly order of creation, just as the other lists of Genesis give us the birth order of human beings, the generations of humankind, followed by the toledoths of the patriarchs.

A serious student of The Bible is aware of the various strands of authorship that were woven together to form the final Biblical text. Even in third grade when I first began reading The Bible I noticed that the order of creation varies between Chapter 1 and Chapter 2 of Genesis.

Biblical scholars recognize that this Preamble of Genesis comes from the Priestly source (P) and is the first of the toledoths or series of genealogical lists that make up the structure of the primordial history (Genesis 1-11), which takes the reader from creation to the appearance of Abraham and the beginning of historical documentation in Genesis Chapter 12.

When the Redactor (R) of the primordial history put that part of the Bible together, he carefully, respectfully, and reverently combined the Priestly lists with the Yahwistic stories (the J stories from the southern kingdom of Judea which referred to God by the ineffable tetragrammaton, YHWH, translated into English texts as LORD and traditionally printed in small caps. This Yahwistic strand had probably already been flavored by a few Elohistic (E) elements (the strands or snippets from the northern kingdom of Israel whch referred to God with the word "elohim," the Hebrew plural form of the word "God"). This northern Elohistic strand may have combined with the southern Yahwistic tradition after the fall of the northern kingdom of Israel around 620 BCE and the dispersal of its inhabitants, but prior to the the exportation of the southern kingdom to Babylon in 597 BCE.

The Bible Teaches Us through Brain Switching

On the one hand, the Priestly toledoths give structure to the Biblical text as bones of the human body provide structure and hold the body together.

On the other hand, the Yahwistic/Elohistic stories are like the organs of the human body, each having a specific theological teaching task to illustrate Biblical truths.

We enjoy reading the stories and find those easier to remember because they light up a different part of our brain.

We use a different part of our brain to memorize the items in a list.

Together these two elements are interchanged in a way that teachers call "brain switching."

The beauty of the structure of the primordial history is that the brain switching from the left brain, sequential lists of the Priestly source, to the right brain, global stories of the Yahwist makes the entire text move quickly through the actual passage of a long period of geological time.

When teaching classes about the Bible, I always ask my students to think of a parade. What is the first thing that happens in a parade? You hear the drum beat of the first marching band. The drum creates rhythm. The bands help the whole parade march through both time and space.

The Priestly toledoths, or sequential lists are like the bands in a parade -- orderly, rhythmic, mathematical -- stimulating learning with our left brain.

The Yahwistic stories are like the floats in the parade -- the whimsical interpretive elements of the parade -- the meat and potatoes -- stimulating learning with our right brain.

Sofia Cavaletti's Catechesis of the Good Shepherd Level I curriculum illustrates this primordial history beautifully with the blue ribbon of the "fetuccia" and "fettucina" illustrating the long period of time which elapsed prior to the emergence of animals, which are introduced by the switch to a beige ribbon and followed by the appearance of human beings as "co-creators with God," illustrated by a human hand embroidered on the beige ribbon. In this pre-school Montessori curriculum, three-year olds are introduced to geological time by walking with their catechist as she unwinds the 80-meter ribbon and introduces the children to the concept of salvation history.

Land is one of the items written in Old English script on a blue placard which the catechist places on the floor as she walks down the hallway with the children unwinding the gros-grain ribbon of salvation history, the Fettucia.  God created land through the act of separation on the third day.

Then God said: Let the water under the sky be gathered into a single basin, so that the dry land may appear. And so it happened: the water under the sky was gathered into its basin, and the dry land appeared. God called the dry land "earth," and the basin of water he called "sea." God saw that it was good. Then God said: Let the earth bring forth vegetation: every kind of plant that bears seed and every kind of fruit tree on earth that bears fruit with its seed in it. And so it happened: the earth brought forth vegetation: every kind of plant that bears seed and every kind of fruit tree that bears fruit with its seed in it. God saw that it was good. Evening came, and morning followed -- the third day. (NAB, Genesis 1:9-13)

The notes to the New American Bible point out that the literary structure of six days relates the creation events of the first three days in a parallel way to the creation events of the second three days.

light (day) / darkness (night) = 4. sun / moon

arrangement of water = 5. fish + birds from waters

a) dry land = 6. a) animals

b) vegetation b) human beings: male / female

This parallelism between the creation of dry land and the creation of human beings is less apparent in English than it is in Hebrew. In Genesis 2:7 the Yahwist tells us:

then the Lord God formed the man out of the dust of the ground and blew into his nostrils the breath of life, and the man became a living being.

The Hebrew word used is the same verb that is used when a potter throws clay on a potter's wheel and shapes a pot. Hence, the notes to the NAB instruct us:

God is portrayed as a potter molding the human body out of earth. There is a play on words in Hebrew between 'adam ("human being," "man") and 'adama ("ground"). It is not enough to make the body from earth; God must also breathe into the man's nostrils.

The Abrahamic Covenant Promised Abraham Land and Descendants.

In the Yahwist's (J) version of the Abrahamic covenant with God, the promise of a son and heir is given in Genesis 15:1-6, followed by the promise of land in Genesis 15:7-21:

He then said to him: I am the LORD who brought you from Ur of the Chaldeans to give you this land as a possession. "Lord GOD," he asked, "how will I know that I will possess it?"(NAB)

In the Priestly (P) tradition of the same story, Abram's name is changed to Abraham after God promises him many descendants. After that, God promises land in Genesis 17:8:

I will give to you and to your descendants after you the land in which you are now residing as aliens, the whole land of Canaan, as a permanent possession; and I will be their God.

There's a catch, however, in Genesis 17:9:

God said to Abraham: for your part, you and your descendants after you must keep my covenant throughout the ages. This is the covenant between me and you and your descendants after you that you must keep: every male among you shall be circumcised.

Oops! Imagine your mortgage lender making that requirement of a home buyer today! Ouch!

Circumcision was a sign of the Abrahamic covenant (just as the rainbow was the sign of the Noachic covenant).

God promised that he would give the Hebrew people the land of Canaan and that he would be their God.

Modern-day political problems exist because both Muslims and Jews cite this scripture as part of their claim to the land of Palestine, since Abraham's illegitimate son Ishmael was the ancestor of the Arabs and Abraham's son Isaac was the ancestor of the Jews.

Land has been fought over for thousands of years.

Much of the Old Testament is concerned with the conquering of land and possessing the land.

One of the punishments of disobedience was losing the land.

In one of David Noel Freedman's last treastises, which he called The Nine Commandments, he explained that The Bible was put together in response to the question posed by the exiled Jews, "How did we lose the land and end up in Babylon?" It's one of my favorite books. It's an especially important book for Protestants and Catholics to read to understand how the Ten Commandments have been numbered differently. Put this book on you "must read" list.

David Noel Freedman was a scholar who can see the entire forest because he is able to examine each and every tree.

In case you never heard of David Noel Freedman, here is a video you can watch:

http://www.youtube.com/embed/sqRzVL0pxx8

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Shortlink: http://midtowntulsarealestate.com/?p=6817

Copyright© 2012 by Debbie Solano -- ALL RIGHTS RESERVED -- What is Land? A Biblical and Theological Perspective

Buyers' Attitudes Can Bring Better Deal

A buyers' enthusiasm for a home is infectious.  When they find the right home and go after it with a cheerful heart, the joy is conveyed throughout the deal.  It makes it easier and smoother for all involved, buyers, sellers, and REALTORS® too. 

When a home is a great match for my buyers, I encourage them to write a letter to the seller to explain who they are and why they want to purchase the home for their family.  Sometimes this enthusiasm and warmth will offset the fact that their offer may be less than desirable for the seller than another offer which produces a higher net to seller.

I have had buyers beat out other buyers who had higher and better offers in multiple-offer situations, because my buyers conveyed their love for the house in a letter to the seller.

This strategy also works effectively in short sale situations.  When I have been on the listing side I have recommended to my sellers to choose the buyer who is more in love with the house, since they will be more likely to stay in the deal during the long wait for the selle's lender to approve the sales contract.

Via Ricki Eichler,Broker,GRI,ABR,TAHS,ePRO your Texas Hill Country connection (Ricki Eichler Real Estate LLC):

Yesterday I received a contract on a home I own.  It is a beautiful house with lots of amenities.  I have received 3 offers in the recent past for this home.  Every time before, the offers have been less than the asking price, one was even a low ball offer.  And everytime, the buyers have had things to say about the house that needed updating or they intended to remodel and wanted to save money to do the updating.

This sort of negotiating does not work very well.  I had emotional ties to this house just like my sellers have with their houses.  It was a negative from the beginning with each of these contracts.

Yesterday, however, was completely different.  The buyers actually loved my house!  They wanted it very much and were dreaming of living there.  The difference in their attitudes toward my house made me want to sell it to them.  I came down on the price to make sure they could have it. 

I have learned a negotiating tactic through my own experience.  I will use this from now on.  Never again will I go in to a seller or listing agent and say, "The buyers need to remodel and this is the reason for the low offer."  That is starting out with a negative.  Today I understand this so much better from my own experience.  I never knew what a difference the buyer's attitude could make.  It does!

Ricki Eichler Real Estate, your Texas Hill Country connection                                  www.reretx.com

953 Main                                                                                            logo

Kerrville, TX  78028

(830)257-2520

Did I commit fraud on my mortgage application?"

 

When buying a home, it is very important to stay in close contact with your mortgage lender and ask them whether or not a certain action will alter the status of their loan application.

It may adversely affect your mortgage application if you change jobs or even pay down your credit cards while waiting for your home to close.

Large bank deposits must be corroborated too.

Don't even think about buying a car or any big ticket items on credit.  In fact, put away the credit cards until after closing.

Don't buy a thing for the new house until after closing.

Eat beans and corn bread!  Peanut butter sandwiches can be awesome during this period.....

Here's a blog that explains how an innocent situation can turn into a huge problem.

 

Via Karen Burket-Bank of Oregon Home Loans Conventional, FHA, VA, mortgages (Bank of Oregon a division of Willamette Valley Bank ):

Did I commit fraud on my mortgage application?

I was having my weekly meeting with a circle of Realtors this morning and some discussions were going around with regard to potential buyer fraud during the course of the transaction.  After our meeting, I forwarded this blog post to all of the agents who were involved in this discussion.  Because of the timing, I thought what better time to repost this here. 

 

Did I commit fraud on my mortgage application?

 

It came to my attention recently that it appears many folks possibly aren't being coached or taught properly as to what you, as the borrower should be, and more importantly, should NOT be doing, before, during and after the mortgage application process.  In this post, let's get into some important information with regard to potential fraud on a mortgage application.

It's  important for borrowers to understand that any change they make to their current credit, financial, or employment picture could very well have a negative effect on their ability to secure the financing they are seeking.  I'm sure the last thing that any borrower wants to hear is that several weeks into the lending process, their loan was declined due to lending policies and protocol they weren't even aware of.

In light of this, I'd like to offer the following in hopes this will save anguish and grief to those who may be seeking to obtain a new mortgage loan and want to avoid any potential fraud with regard to the mortgage application.

 

I just recently spoke with a potential client who was unable to secure financing with the lender she had been working with for the past few months because in this case, her employment status had changed.  Just weeks before the close of escrow date on the purchase, it was learned that this borrower had gone from being a salaried wage earner, to now being self employed.  You may ask yourself, "So, what's the big deal?  If there's still a job, why can't the bank still lend the money?"  The answer to that may not be as simple as one would think.

 

In this case, the client remained in the same line of work.  So simple, right?  Actually, no.  The typical rule of thumb when lending to a self employed individual is that the lender will want to evaluate two years worth of tax returns in order to determine income eligibility.  So in the above case, because this client just recently put themselves on a self employed status, of course, there aren't tax returns available to determine what newly self employed earnings even exist.  Again, you may ask yourself "I don't understand the problem.  If the client is in the same line of work, and they've been doing that job for a significant period of time, why won't the bank lend the money?"  Well, let's look at it this way.

Let's say you are a baker for a local grocery store in their bakery department.  At the beginning of your loan application you provided your mortgage lender with current pay check stubs and your W-2's for the previous two years.  So, sometime during the mortgage approval process you think to yourself, "heck, I'm one of the best bakers here at the bakery, I bet I can make more money selling my cakes and cookies on my own rather than just working for the bakery department!"  While you may be the best cookie and cake baker out there, merely having the skills to bake a cake, doesn't necessarily mean one has the ability to run their own business.  There are licensing requirements, food safety and health issues, and all of those things would currently be on the shoulders of the grocery store.  That is their liability issue, not yours as the employee.  So, from a lender's point of view, they have no way of knowing or verifying how well this business is going to succeed, since there is no documented history of it.  Make sense?

 

So, with regard to the actual client I cited.  After they understood the "why" obtaining financing would be most impossible due to the newly self employed status, I offered suggestions as to how we could possibly proceed in still obtaining a loan approval, providing they went back into a W-2 status.  The lender would require a very good letter of explanation regarding this.  In this case, unfortunately, the client wasn't willing to proceed as per my suggestion.  Instead, they gave me reason to believe (verbal information they provided to me over the phone) that documents could in essence be "manipulated" to indicate they were still salaried.  They wanted no one to be the wiser they were really self employed.

 

So, several problems occurred because of this.  Falsifying of any credit documents or providing misleading or false information on the mortgage application can be flagged as fraud.  Regular pre-closing and post-closing audits are conducted on mortgage files.  Should an audit determine fraud on the mortgage application was involved, not only could the lender call the note "due and payable", but parties involved in the transaction could face prosecution.Karen Burket Bank of Oregon Home Loans

Consumers should also be aware of that many lending and bank institutions' employees are required to report any suspicious activity through the SAR (Suspicious Activity Report) or similar, reporting system.

I believe it's the goal of all lending institutions and their employees to make the mortgage process as easy and seamless for all parties involved, and I believe the best way to achieve that is for the borrower to be educated in what's involved.  In addition, I feel it's important for the lending professional to successfully coach their clients as to potential pitfalls that may occur during the process, or even after the transaction has closed. 

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5 Reasons You May Not Want to Counter That Offer

 

The emotions that accompany an offer to purchase a piece of property are best set aside.  That having been said, many buyers make a decision when they make an offer to accept, counter or walk away if the sellers counter their original purchase offer. 

Sellers need to be aware that buyers may walk away and buy the house down the street if the offer is not accepted. 

The exception to this occurs when a unique property is in question.

 

Via Tni LeBlanc REALTOR® Santa Maria CA Homes Central Coast:

 

5 Reasons You May Not Want to Counter That Offer

It never hurts to ask, right?  How many times have you heard that expression?  However, as a real estate agent, I have a front row seat and back stage pass to home buying and selling action, and I can say with absolute authority that -- sometimes it does hurt to ask.  Countering a buyer’s price and terms is the equivalent of asking.  And there is risk in doing that.  When you are selling a home, here are a few reasons you might want to rethink countering a buyer’s offer:

1) It’s a fair offer.  The offer is fair and it hits your target.  What more could you want?  A little more you say?  You may want to resist the temptation to ask for a little more.  Just because a buyer offered you what you want up front doesn’t mean there is more meat on the bone.  The buyer and their agent studied the market before writing the offer and they probably reviewed the same comps you and your agent studied.  They know they've written a fair offer -- it didn't happen by accident. If you counter their fair offer, they may think you are going to be unreasonable throughout the transaction, give up, and simply walk away.  Think twice before countering a fair offer.

2) It was prepared carefully.  As an agent I know presentation matters.  You may not be able to determine whether an offer is well prepared, but your agent will know. In my opinion, a well prepared offer leaves out unimportant requests, and includes every single piece of information necessary to make a decision.  A good buyer’s agent is going to counsel their buyer about how to make a good offer, what to leave out, and what to include -- and a serious buyer will listen.  When I receive a well prepared offer, I not only know that the buyer is serious, I know that they are worth taking seriously.  Think twice before countering a serious buyer with a well prepared offer.

3) You will interfere with the buyer’s momentum.  Yes, there is a momentum to the home buying process.  You may have forgotten that if it has been awhile since you bought a home.  Countering can put a kink in momentum -- and it can kill the enthusiasm of a buyer.  Especially in today’s market where they must withstand a whirlwind of negative news reports, the opinion of their family, friends, (and sometimes their agent), as well as hurdle through the current invasive loan pre-approval process in order to write an offer. Countering can sometimes feel like a road block to a buyer who has already navigated an obstacle course.  Think twice before slowing a buyer’s momentum with a counter offer.

4) The market is declining.  This has to do with leverage.  If the market is declining in your area, the buyer is aware of that fact as well.  So, they may be absolutely insulted that anyone would counter any offer they make in that type of environment.  You simply may have no leverage in your current market. This is true even on a short sale -- if the market is declining and the offer is reasonable -- it is sometimes better to let the bank do the countering, if they choose to do so.  Think twice before countering in a declining market, lest you find the value of your home declining with it.  

5) A counter is a rejection and some people don’t take rejection well.  This reason is almost completely emotional and psychological.  Simply put, not every buyer is up for a nice spirited game of negotiations.  You might return that serve to find that the other player has walked off the court. Some people just can’t handle rejection.  Other people like to be in control.  And, some people just don’t like to play what they view as “a game.”  I’ve found that there are people who will never ever respond to a counter offer.  They typically “don’t do bidding wars” and they “don’t do counter offers” either. Think twice before rejecting that offer with a counter.

Every situation is unique, and the decision of whether to counter an offer should reflect both the current market for your home and the particular offer that is presented.  However, I do believe that the decision to counter an offer should not be made lightly. At a minimum, you should think twice.

Tni LeBlanc is an independent Real Estate Broker, Attorney, and Short Sale Agent. She is a Certified Distressed Property Expert (CDPE) and Certified HAFA Specialist (CHS) serving the Santa Maria, Orcutt and Five Cities area of the Central Coast of California.

If you are considering a short sale of your Santa Maria, Orcutt,  or Nipomo home, you should seek out an experienced Central Coast Short Sale Agent to guide you through the process.  If you would like a short sale consultation, please call my office to schedule a meeting or a telephone consultation at (805) 938-9950.

* Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advice.  Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement.  Mint Properties is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

Copyright© 2011 Tni LeBlanc *5 Reasons You May Not Want to Counter That Offer*

 

Sellers: Time to list? Avoid mixed messages!

I sell homes in and around Tulsa, Oklahoma. 

There has never been a better time to buy a home, and so if you are thinking of buying another home, let's get you out of the one you are in by pricing it correctly and making it appealing to buyers.

When you list with Coldwell Banker Select, we'll send a professional interior designer to your home (at our expense) to advise you on how to stage your home so that it will appeal to buyers.  She'll help you see things from the buyer's eyes and even help you choose new paint colors.

I can recommend people who can help you with the condition of your home if it needs repairs to make it marketable.

As a former certified records manager, I can advise you on how to tackle your clutter and begin boxing up what is not essential in order to help your home look larger and more presentable. 

Cluttered and disorganized kitchen cabinet

Remember "the Four C's"

  1. Cost
  2. Color
  3. Condition
  4. Clutter

If we keep them in mind, then we can get your home ready for sale and position it in the market where it will sell and not just be listed.

To get more information about the Tulsa real estate market in your area, go to:  Tulsa Market Snapshot .

Then call me and we'll evaluate the market together and get your home ready to be in a great position to sell.

Here's more on the subject:

 

Via Charles Edwards Bentonville,AR REALTOR Bentonville real estate agent and broker (Century 21 EXCLAMATION Rogers, AR 479-253-3796 ):

When it is time to list a property there is one thing I make clear to sellers. NO MIXED MESSAGES! It sounds simple but somehow it is not always. Does everything about your plan say YES! I REALLY want to sell in a reasonable number of days. Yes I said days, not months and certainly not years! Selling takes a real life, carefully planned strategy.

Have you done the proper maintenance inside and out? Is your home looking SHARP all over. Don't forget the check list: the yard and the garage, fresh paint, clean carpets, no trace of pet damage or odor, etc.

Have you priced your property according to the current market  conditions, the size of your home and the condition of your property? The local numbers do not lie! Do not be taken in by promises of unreasonable gain in a down market.

Have you checked out the competing listings nearby? Yes there are a few homes for sale near you. Inventory is high so it's GAME ON! You are in a serious competition to make a sale!

Is your property ready for showing without DELAY?

If you are not ready to eliminate mixed messages rethink your decision to list. Make your decision and get the deal done in the shortest amount of time with the fewest hassles. No mixed messages to potential buyers.

I'm here to sell, not just to list your home.

 

 

 

 

 

 

Proudly serving your real estate needs in Bentonville, Rogers and Eureka Springs, AR 479-253-3796. I will provide a free market value analysis of your property. Just ask!

cedwards@ersells.com 

The View From Both Sides – Seller or Buyer

Buying and selling a home can be very emotional and stressful.

Once a contract is signed and the period of due diligence begins, the buyer has the right to enter the home with qualified professionals to determine whether or not they need to amend the contract in any way based on what is discovered regarding the condition of the home.

Issues regarding the cosmetic condition of the home are irrelevant after a contract is signed. 

If a homeowner allows a buyer into their home to select paint colors, measure for new drapes, etc., then they are just being nice and helpful. 

It is part of the real estate agent's job to manage everyone's expectations.

Here is a look at the situation from both the seller's and buyer's perspective.

A bit of compassion for the other side of the deal goes a long way.

Via Karen Crowson, Livermore, CA (Alain Pinel Realtors, Livermore, CA):

Buy or SellThe Seller’s Point of View
You are leaving a house you’ve called home for a number of years. You’ve been asked to move out your personal belongings, so the place hardly seems cozy or familiar anymore. You’re exhausted from keeping the place spic and span – show-ready at a moments notice.

Keeping after the kids and all their stuff is a job in and of itself, and being displaced repeatedly on weekends for open houses and showings is becoming quite annoying.

You’ve taken good care of the house for such a long time, and it finally paid off. You have an offer, and you and the buyers have come to agreement.  But now it seems that the buyer ordered every inspection known to man, and was very aggressive in asking for one repair after another.  Figuring all of that out means more people traipsing through your house, poking, prodding and who knows what?  It’s very disruptive – you have so much to do to get ready for this big move!

They want to measure, photograph, match colors, re-visit – these extra visits are making you crazy!  This house is so nice – close to perfect even!  Why do they need to change everything?  Isn’t it good enough for them – especially since they got it for such a screaming deal?

Enough already – can’t this all just wait until they own the place?

The Buyer’s Point of View
We’ve looked at a lot of homes. We’ve seen some in fabulous condition, but they’re too far from everything.  This one has a great location and even though it’s had some nice updates to the kitchen and baths, there’s still a ton we have to do. The carpet’s worn. The paint colors are dark, and splotchy.  The yard is very overgrown, so we’ll need to deal with that.  And the heater and AC are old. We’ll no doubt have to replace those very quickly.

We were able to negotiate the price a bit, but we still have a lot of money to spend getting the place up to date. After all, the home we moved from had everything brand new.  This feels like a bit of a step back, but this is where our job has taken us.

We could see quite a few ‘sins’ cosmetically and we were ok with those. But boy, we didn’t expect some of the things that came up as a result of the inspections.  We still want the house and with the seller willing to make some concessions, we’ll put in a little more cash to make those other repairs as well.

But we’re getting a bit stressed out. There is some reluctance on the part of the seller to provide access to the house. We understand that they are packing to move, but the boxes and chaos doesn’t bother us.  We have a big job ahead of us, and getting estimates and measurements helps us figure out what we can actually do right now, before move-in date.

With two little ones, it’s really hard to have any type of construction work after we move in. And we’re concerned about the dust and paint fumes a baby might breath in. Don’t they know how hard it is to move into a house, and then have to move everything back out so contractors can do their work?  We only have a short window to get everything done while we have time off from work.

Why do they seem so concerned that we’ll be making changes to the place?  After all, it will be our house soon.

You can see that both sides have legitimate concerns in this often stressful and emotional time.  While difficult, understanding the situation from the other party’s perspective, will often help ease the tension.  Usually, those sellers will soon be buyers, and one day, those buyers will be on the selling side. 

Isn’t it good to know that most escrows are over in 30-45 days?

Tri Valley real estate for buyers and sellers. Search for homes in Livermore, Pleasanton, and Dublin.

I can also help you in the surrounding areas of Alameda County and Contra Costa County

including Castro Valley, San Leandro, San Lorenzo, San Ramon, Danville, Brentwood and Mountain House

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A Short Sale is a Fire Sale ... without the Fire

 

A couple of years ago, my company began sending out a single-spaced list of distressed properties for use by agents in our company.  It is a list of short sales and bank-owned properties and in November of 2008 it was about 12 pages long.  I would watch it and noticed that occasionally it would drop down to 9 or 10 pages in length.  Over the past two years that list has stayed around 12 pages long.

It's been a couple of months since they sent me the list and so yesterday I actually took a glance at it.

The list is now 19 pages long!

That tells me that the shadow inventory has definitely hit the market. 

Forget about selling your Tulsa home if you don't have to.  There's no way an average homeowner can compete with foreclosed homes and short sales -- unless you have an exceptionally unique property.

I can help you.  If you have not made a mortgage payment in a while or are in danger of missing your payments, please call me.

I can help you sell your home by doing a short sale.  It's much better than letting your house go back to the bank.

 

Via Judy Chapman (Koenig & Strey Real Living):

When it looks like you’ll lose your house to foreclosure, would you stand idly by and watch the bank take your home out from under you? 

Or would you try to fix the problem? Apply for a loan modification? Borrow from a family member? Or when all else fails, do a Short Sale?

Because a Short Sale is just like a fire sale, but without the fire.

Keep the home fires burning

Negative equity has overtaken the American real estate landscape. What started out as an isolated problem — owing to subprime loans and irresponsible lending practices — has escalated into a full-scale crisis affecting one in four homeowners.

Think about that for a moment. One in four homeowners is underwater. One in four homeowners owes more on their mortgage than the house is worth. One in four homeowners is scared of losing their home if, for some unforeseen reason, they can’t meet their monthly mortgage obligation.

Out of the frying pan and into the fire

When you purchased your house, you counted on it increasing in value the way real estate has done for decades. You knew that if you had to move on due to illness, job change, income loss, or any other reason, you could sell your house and start over someplace else.

Then everything changed. You became a prisoner in your own home ... under house arrest.

Baptism by fire

You probably purchased your house when the market was on fire with overblown values. Just a few years later, when the fire started to consume itself, you were helpless to do anything about it.

Now you’ve fallen victim to circumstances beyond your control. Except you do have control. You can sell your house as a Short Sale. With a Short Sale, you can —

  1. Sell your house and start over.
  2. Avoid foreclosure.
  3. Completely eliminate or substantially reduce your financial liability.
  4. Minimize damage to your credit rating.
  5. Purchase another house in 2 years.
  6. Take care of the problem responsibly.

Doing a Short Sale isn’t for the faint of heart. Nerves of steel, constant diligence, and endless patience are required. In the end, when the sale goes through, it’ll be worth the extra work and those sleepless nights.  

Fight fire with fire

A Short Sale should be treated just like any other house for sale. By not skimping, shortchanging, or selling short the home or the homeseller.

  • Your home should be marketed the same as a regular listing. Sellers deserve no less for the house they call their home. Likewise, buyers deserve no less for the house they want to make their new home.
  • An aggressive pricing strategy should be applied. Homeowners facing foreclosure don’t have time to wait. Once the house has been listed at a price reflecting current market value, it should never be allowed to stagnate. If the house doesn’t immediately generate interest, the price should be lowered. And lowered again and again until a buyer comes forward with a strong enough offer. Usually this process takes no more than a month or two.
  • Short Sales are really long sales. Getting a contract on your house is not the problem. Getting your bank to approve the Short Sale is another story. This is where the steel, diligence and patience parts come in.

 Light your house on fire

When you find yourself leaping out of the frying pan only to land in the fire, it’s time to yell, “Fire!” So do it. Get it out of your system. Then do something about it.

Related Websites and Articles

U.S. Homes Lost $1.7 Trillion in 2010

30% of Mortgages are Underwater

*  *  *  *  *  *

 JUDY CHAPMAN |What can I do for you?  

Residential Sales ∙ Short Sales ∙ Residential Rentals

Koenig & Strey | 1925 Cherry Lane | Northbrook, IL 60062

Judy@JudyChapman.net | Office: (847) 521-4111

      Chicago Short Sales Find Short Sale Realtor(R)Find Orlando Realtor(R)

© 2007-2011 www.activerain.com/blogs/NorthShoreChicago by Judy Chapman. ALL RIGHTS RESERVED. Portions of this content may be used with attribution. The information contained in this blog is the authors own opinion and does not reflect the opinions of Koenig & Strey Real Living. 

You Can't See What You Can't See! Get A Pre-drywall Inspection!

If you are building or remodeling, it is important to hire someone to check things out before the drywall goes up. 

This story tells how a mistake was made in putting in an air duct.  Had the problem not been found before the drywall went up, then the homeowner would have had unusually high heating and cooling bills while having an unusually warm (or cold) bedroom.

Via Jay Markanich (Jay Markanich Real Estate Inspections, LLC):

Should you get a pre-drywall inspection on new construction? 

YOU CAN'T SEE WHAT YOU CAN'T SEE!  GET A PRE-DRYWALL INSPECTION!

The drywall was to go up that afternoon.  At the last minute someone found MY ACTIVERAIN BLOGS on pre-drywall inspections.  After reading some she was convinced she should get one.

Smart girl!

One teensy thing found was that a hole was cut to run a flexible HVAC duct and put a register in the master bedroom above.

The problem was, running it to this side would have put the register right in front of the sliding glass door to a third-level balcony.

Deciding against that, they decided to go out the other side.  That duct is clearly visible in this picture.

BUT SO IS THE HOLE THEY CUT TO RUN THE OTHER DUCT!  THEY SIMPLY LEFT THE HOLE!

The supervisor told my client that he had the drywall company scheduled to install drywall that afternoon.  And for him to change that schedule, his words, "that inspector needs to find something really important."

This hole not only would have delightfully heated and air conditioned the ceiling space above the mid-level hall and stairwell, but would have dramatically reduced the air flow to the master bedroom!  She would have had to live with it because they would never have figured it out.

I told her that when she brings this up with the supervisor, he would say he knew about it all along and it was already on his list.  I also told her that it needed to be repaired with sheet metal screwed to the duct and sealed with aluminum tape.  AND THAT SHE SHOULD GET A PHOTO OF THE REPAIR TAKEN FROM THE VERY SPOT THIS PHOTO WAS TAKEN FROM!

I can just see them spreading duct tape all over this to "seal" the hole!

My recommendation:  my client had been told many times that she did not need a pre-drywall inspection.  That the construction supervisor was in her house every day checking EVERYTHING that was being done.  That the County would be doing "many inspections."  She was told that so many times she almost bought it.  Until her nagging feeling got the best of her and she called me.  We did this very early in the morning.  When she called she needed an inspection right away.  Really early was the only slot I could give her!  So we made it happen.

I'm glad she did!  So is she.

DON'T EVER BUY THE LINE THAT IT IS A NEW HOME AND INSPECTIONS ARE NOT NECESSARY! 

 

 

Jay Markanich Real Estate Inspections, LLC

Based in Bristow, serving all of Northern Virginia

www.jaymarinspect.com

Obeo Tour With Style Designer -- Tulsa Condo near Joe Creek Bike Trail

This Obeo Tour has a style designer that let's you select colors for your walls, floors, trim, etc. Play around with it and let me know how you like this feature.

This property includes upgraded appliances, including a stacking Bosch Axxis washer and dryer, a GE Triton XL dishwasher, a GE Spectra range with a self-cleaning oven, an Allure vent hood, and a GE refrigerator with an electronic ice maker.