Clarify & Verify
Clarify is not a cooking process (OK, it is, but it’s not what we’re talking about), it’s verifying clarity, making things clear. How important is clarity? I am convinced it’s the gluten, the binder, the catalyst that makes things work. Verify, make sure your information is correct. Trusted sources. Don’t believe everything you hear! Just because you heard someone say something, is it real? Is it true? What if that person was a professor? A doctor? Are you more likely to “believe?” That’s one of the reasons I provide links to this BLOG, so you can verify what I “say” is correct, or so you can clarify by digging in deeper for more information on a specific topic.
1. Overpricing: this is MY house, it’s worth every penny!
2. Going to a showing: why in the world would the seller want to be there at a showing?
3. Rejecting early offers (often the first offer is the best… enough said!)
4. Don’t take offers personally: this is MY house….
1. San Jose
2. San Francisco
4. Las Vegas
American Dream Homes, priced from $60K to $1.7M (from Michigan to California). Americans aspire to own a 4 bedroom, 2 bath house with 2200 sq ft.
Is Mortgage Interest Deduction that big a deal? Here’s a surprise: only 26% of Americans took the mortgage interest deduction in 2010.
Here’s good news: Fed plans to keep interest rates low.
The good news: what do you do with houses nobody wants? BOA donates 2000 homes to Habitat for Humanity. The bad news: they’re low value and distressed. Nonetheless, the Habitat people will turn them into affordable housing for the masses!
NAR says Fiscal Cliff could have a huge impact in our industry!
The lates MORTGAGE RATES: 30 Year fixed at 3.39% and 5/1 ARMS at 2.76%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (these are BankRate.com reported average rates as of yesterday, Thursday)
REAL ESTATE WEATHER REPORT
We’re about midway through December, it’s starting to get cold. I suspect we’ll have the zero and sub-zero weather before the end of the month. Brrrrr. We’re getting a few more properties now. It’s just the time of the month or the time of the season! It’s still a great time to buy that fixer upper and begin your rehab. Don’t doddle or dally. Do it.
My student, Bob Johnson, just got his East Denver house under contract the first day it was listed. Essentially, it was pre-sold. That’s the way to do it! Congratulations, Bob on his first rehab. See, our market can work and work well!
Richard Flint is coming to Denver January 19, 2013. We’ll have the registration page up next week. Richard excels in personal growth and has the unique ability, speaking to hundreds or thousands, to speak directly to YOU. Richard will be talking about the Power To Be:
• happy in life
• financially secure in your life
• living a life with less stress
• internally motivated and dream driven
• in relationships that are strengthening your life
• living YOUR Best Life Possible!
Mark your calendars. January 19, 9AM-12PM. $39.95 early bird registration. Breakfast Buffet will be included from 8-9AM. Embassy Suites Denver SE. The link will be up next week. Don’t miss this exciting event!
My singing group, the Last Note Singers, is hosting a Friends and Family concert this Sunday, December 16, at the Wash Park Church, 400 S Williams, Denver, 7-8PM. Take in some holiday music and merriment. Fa la la.
Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). We appreciate feedback on Newsletter / Blogs / Breakfast Club (January 12 is next meeting). Thank you for your news tips and leads! If you’re not on our list and want to be, LET US KNOW. Call, Write, Text, Tweet, Facebook (the verb), E-mail, drop by. Thank you for helping us help you!
INVENTORY: it comes and it goes!
5230 E Highline Pl, Denver. Buy this 3 bed, 1 bath, 1 garage University Hills house for $185K. It backs to the Highline Canal Trail. It is occupied so let us know if you want to view this Monday 1-2PM. Meanwhile, drive by and check out the ‘hood.
10621 W 104th Pl, Westminster. This REO Countryside 4 bed, 2.5 bath, 2 car garage house is yours for $190K. Great house in a great neighborhood.
2485 Fifth St, Castle Rock. Lots of potential equity in this 3.76 acreage in close-in Castle Rock. Terrific views. Buy this 3 bed, 2.5 bath house for $287K. It even has a 5922 sq ft barn.
QUOTE OF THE WEEK: