5.21.12 Monday News you can USE

I have never seen a bad television program, because I refuse to. God gave me a mind, and a wrist that turns things off.
- Jack Paar

What choices are you making with regards to what's going into your head? YCM

Have clients who went through foreclosure? Check this out!    The banks are sending out 4 million more letters to offer to pay restitution to those they made mistakes on - only 4.1% responded to the first mailing!  I wonder if they mailed it to the foreclosed property address :)

Hey - all you Canadian Real Estate agents - your clients are investing in the USA maybe you should refer some of them to fellow YCM agents!!

Time Magazine - Housing recovery has officially begun!

Interesting statistics in this Article - Bank of America offering up to $30,000 to complete a short sale!
Average Sales  Price Foreclosure: $150,000  Short Sales: $185,000 and then add in increased expenses with a foreclosure for taxes, maintenance fees, condition of the home, and attorneys fees and it's easy to see this makes dollars and sense! Wells Fargo and Chase are also contemplating doing more of this!

Got a neighborhood farm - look at this NextDoor.com cool site with some really useful features.

Are you ready for the Echo Boomers?

5.14.12 Monday News you can USE!

John Maxwell says - “If we’re growing, we’re always going to be out of our comfort zone.”

How are you growing today?
What are you going to do today that makes you a little bit uncomfortable and will help you reach your goals?


Buyers - Mortgages at New Lows

Inventory Down 41% - And when that happens, what normally happens to prices?

10 Markets Poised for Double Digit Gains - Is one of them YOURS? BIGGEST NEWS TO SHARE!

Let us know which expert you think is right? Is now the best time to buy your first home?

How to fire a pushy agent - Some good nuggets and insight into a buyers mind.

Great Ideas are valuable How one Canadian traded a paperclip for a house!  Play Big & Better this week!  Love this quote:
The experience wasn’t about gaining a house. It was the power of “working together to make it happen” and being “open to adventure”.If I had not traded away that first paperclip, none of this would have happened”  It’s not really about paperclips, he says, but how you network with individuals and touch their lives.

From The Coaches at Your Coaching Matters
Kate Vail
Donna Fleetwood
Ilona Matteson
Donna Stott
Mike Stott

5.8.12 Monday News you can USE

“Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”
― H. Jackson Brown Jr., author: P.S. I Love You

Buy Now! Homes won't be getting more affordable

Inventory Down in Many Cities

Mortgage Rates at Record Lows

100 Markets Improving

Anybody noticing a trend here?  Get your buyers to take action now!   Call Expireds from a year ago - Knock on a FSBO's door - the market is changing. Are you working it to your advantage?

4.30.12 Monday News You can USE

Had someone who told me today that FSBO's are a waste of time because she had been out to see three of them and none had listed... I was reminded of this great quote by Michael Jordan:

I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.

When do you quit?

NEWS YOU CAN USE
Numbers of Contracts Increasing

Are buyers confident yet?

Homes Prices may be bottoming out

Opportunity - Homeownership rates down to lowest levels in 15 years

4.23.2012 Monday News you can USE

"Many of life's failures are people who did not realize how close they were to success when they gave up." --Thomas A. Edison

Forbes - Best Cities to buy in now

Least Realistically Priced homes are in these cities

Banks are Wheeling and Dealing - Short Sales Surpass Foreclosures

Sales Drop in March Down 2.6%

National Home sales Rise in Canada 2.5% Up

4.16.2012 Monday News you can USE

A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses these skills to accomplish his goals.
Larry Bird

Why FSBO's Miss the Right Buyer

Interesting Look at HAMP Modification Numbers

CNN Money says Flood of Foreclosures Coming

FNMA and Freddie Mac considering Principal Reduction Plans

Mobile Web Searches generate buyer leads

Cool Show to Watch?  Buy Herself focusing on helping Single Women in Canada buy a home!  EVERYONE should be working on this demographic!

List if 10 things Sellers should avoid - Buyer "turnoffs"

They suggest 10 buyer turnoffs that sellers should avoid at all costs.
"If you do all the staging correctly and have a good agent, the house will hopefully only be on the market a few weeks," Dana says. "Then you can go back to living your life."
1. Dirt
Nothing turns off a buyer quicker than a dirty house.
"The No. 1 biggest mistake is not getting the home in the best possible condition. That's huge," says Goldwasser. "I won't even represent sellers at this point unless they are fully aware of how important it is to get their home in the absolute best condition that they've ever had it in."
Goldwasser recommends that sellers go the extra mile, from steam-cleaning tile and grout to replacing carpets. "If the carpets are old and smelly, you should put in new," he says. "If they're relatively new, you should at least have them shampooed."Cannon agrees that grime can derail any showing."The home should be neat and clean and free of all debris," Cannon says. "If it reeks of cats or the kitchen sinks and counters are so filthy that it almost looks like the food is moving, I won't even want to come in."
2. Odors
Buyers, it's said, buy with their noses. Make sure your home smells fresh and inviting.
"Odors are a big one, especially kitchen odors," says Dana. "I advise my clients not to cook fried food, fish or greasy food while the house is on the market." Some pet owners mistakenly believe pet smells to which they've become accustomed help make their abode homey. Nothing could be further from the truth. "If you're a dog person, you tend to think everyone else is a dog person," says Goldwasser. "But the truth is, 50 percent of the population hates dogs and doesn't want to be near them. "Pets in the home? You have to deal with that." Dana advises her clients to eliminate all traces of pets, not just pet odors. It's important to get rid of pet paraphernalia and have a "pet plan" to make sure the animals are not around when the house is shown. "A lot of times, people will leave pet items out -- dog dishes, cat litter boxes, etc.," Dana says. "That immediately turns off a buyer because they wonder, 'What has that animal done in the house?' Also, some people really don't like dogs. The minute they walk in and see this big, old dog bowl, they immediately won't like the house."
The same rules hold true for smokers: Remove all ashtrays, clean all curtains and upholstery, and consider smoking outdoors while your home is on the market.
"Interestingly, next to the kitchen, the smelliest room in the house is actually the living room," Dana says. "That's typically the room that has the most fabric, so that is where odors get absorbed."
3. Old fixtures
Want buyers to roll their eyes? Leave old fixtures on your doors and cabinets.
"You need to change out old fixtures in your house," Goldwasser says. "New cabinet hardware and doorknobs will probably cost all of $400 or $500, but it makes a huge difference."
The same holds true for dated ceiling fans, light fixtures and kitchen appliances.
"Homes that have old fans, lights, ovens, microwaves, ranges and dishwashers can really turn a buyer off," says Goldwasser. "Sellers will say, 'Oh, the buyers can take care of that.' Well, yes they can, but it's going to impede you from getting the highest price possible for your home."
4. Wallpaper
Your grandmother may have had it in every bedroom. Your mom may have loved it as a room accent. But today's buyer wants no part of wallpaper. "Wallpaper is a definite no-no," Dana says. Wallpaper is a pain to remove and simply adds another chore to a buyer's to-do list, Dana says.
"Wallpaper is extremely personalized. You've spent hours looking over books to pick out the wallpaper you want," she says. "What are the odds that the person walking in the door will also like that wallpaper that you picked out?"
5. Popcorn acoustic ceilings
Times change, and with them home decor styles. Acoustic popcorn ceilings, once the must-have for fashionable homes in the '60s and '70s, now badly date your space.
If you can't stomach the cost or the mess to remove the overhead popcorn, be prepared to credit a buyer in certain markets in order to close a sale. "The popcorn acoustic ceiling is a major, major turnoff to buyers these days," says Goldwasser.
6. Too many personal items
Psychologically, when buyers tour a home, they're trying it on to see how it fits, just as they would a skirt or a pair of pants. If your house is cluttered with too many personal items, it's like the buyer is trying on those clothes with you still in them. A fit is unlikely.
"Anything that makes your house scream 'you' is what you don't want," Dana says. "I tell all my clients that how we decorate to live and how we decorate to sell are different, and right now, we're decorating to sell." Sellers should try to eliminate personal items, including family photos, personal effects and even unique colors, she says.
"As soon as you have family photos, buyers get very distracted. 'Oh, did I go to school with him? What do their children look like?'" she says. "Suddenly, you're selling your family, and you're not selling the home." If you really want to hook a buyer, Dana offers a tip: "I try to place a mirror strategically so that people can actually see themselves in the home, so they can actually picture themselves living there."
7. Snoopy sellers
Realtors and buyers alike generally bristle when the seller greets them at the door for a showing.
"It's so annoying," Goldwasser says. "They will want to walk around with the potential buyer and put in their two cents' worth. It's not good. Normally, there are one out of 10 sellers where it's OK to have them there, and that's because they know what is up with the property and how everything works." Goldwasser makes a point to shoo his sellers away from showings when he's the listing agent. "They like to think they know what they're doing, and that's fine," he says. "But when you've sold thousands of homes and you have a system, you know how to get people the maximum value for their home. That's why they hire you, right?"
8. Misrepresenting your home
Misrepresenting your house online in the multiple listing service is a sure way to really upset buyers and their Realtors. One of Cannon's buyers loved a home she saw online. When he drove by to take a look, he was surprised to find acres of ramshackle mobile homes across the street.
"Sellers are going to paint the best picture they can," he says. "Some listings I've looked at and wondered how in the world they got that gorgeous photo without showing all the junk that's around it. When you get there, you wonder why didn't they just be upfront?"
9. Poor curb appeal
Much is made of curb appeal, and for good reason: It's your home's handshake, the critical first impression that lasts with most buyers.
"You have to totally trim and edge your yard to get it into the most immaculate condition you can," Goldwasser says. "It's a big mistake to not freshly mulch the beds and trim the trees. Every little detail counts. "To not power-wash the exterior or leave mud dauber and wasp and bird's nests in your eaves and above your doors? You've got to be a fool to do that."
10. Clutter
Whether inside or out, less is more when it comes to clutter.
"I usually start in the closets," Dana says. "Your closets should be half-full with nothing on the floor. Why? Because most people looking for a house have outgrown their previous house. Showing them that you've still got room to grow gives them a reason to buy."
Kitchens and built-in bookshelves should showcase spaciousness by following the rule of three. For kitchens, there should be no more than three countertop appliances. Meanwhile, bookshelves should be divided into thirds: one-third books, one-third vases and pictures, and one-third empty.
The home office should be very generic so any type of professional can imagine living there, Dana says."Otherwise, it can be a distraction: 'What does he do for a living? How much money does he make?'" she says.Dana's tip for toddler parents is to pack away extraneous "kiddie litter" and keep a laundry basket handy."When you get that phone call one hour before a showing, toss everything in that basket and take it to the car with you and your kids, and you're all set," she says.

Authors: Chad Goldwasser of Goldwasser Real Estate in Austin, Texas; Terry Cannon, a buyer's agent and broker with Oregon Exclusive Buyers Realty in Salem, Ore.; and Julie Dana, the New York-based "home stylist" and co-author of "The Complete Idiot's Guide to Staging Your Home to Sell."

If you write an Email NL to your Database consider this...

Consider a section on "What's up with Me" on your E-NL... Example:

1st issue say "I was just honored to receive the aware for the Top Listing Agent at XYZ office for all of 2011... it's a privilege and honor that I want to say thank you to YOU for since your Repeat and Referral business to me is what MADE me #1... so the truth is... That one's for YOU".  My humble thank you for your past and continued Referrals of buyers and sellers... I surely appreciate it".
~your name

Month 2:
"What's up with Me" 
"Just competed my course work and education for NAR's XXXX  Certification.  Only X% of all agents across the country hold this designation so you can rest assured that your referrals to me for XXXX will be handled professionally with up-to-the minute technology and resourses.  Again, thanks for ALL your referrals - you make my business grow!"
~your name

Month 3:
"What's up with Me" 
"As you know, I take my business very seriously. I work hard to get the best education and updates to best serve your real estate needs.  You might wonder what all that "alphabet soup" you see after my name in my signature means... so I'll spend the next couple of months highlighting each.  This month I'd like to tell you what an ABR is...." and then tell them
~your name


Price Reduction Conversation - Important

If you have a listed property with a motivated Seller that is not selling, it's important you have this conversation:

What would you do if you had an offer of X? Put it out on the table as to the type of "lowball" offers that are coming in sometimes.


• Explain we have to counter ever offer - If EVERYTHING else is right in the offer but the price and they ASK us for a counter... THEN what would you do?


• Play the Negotiation Game as if it were real life.  If you countered at X and they come back at Y, then what?  Keep playing until you're "done". As in real life, this can take 3+ counters back and forth.


• Get the bottom line price. It's critcally important that your Seller understands what his/her bottom line price actaully IS so when an offer DOES come in, they know it.

• Ask: WHY would we offer that "best price" to just 1 buyer... or even this IMAGINARY buyer... rather than offer that price to ALL the buyers out there?  - Most Sellers THINK we MUST leave room to negotiate - like that's a rule somewhere out there...


No... you actually don't.  You only HAVE to sell it at the full price. And properties that are price RIGHT or even BELOW market value are often selling for MORE than full price.  Here's an example of one I was involved in recently (tell a true story).


What it boils down to is this:  You need to sell your home.  You know your bottom line.  But no one else does.  - Let's price it at that price now. I'll commit to supporting you in countering ALL the offers we get at FULL PRICE if that's what you decide to do.  You see... I'd rather you counter all the offers at full price rather than not get any offers at all. Doesn't that make sense?