Hi Guys! Hope you had a great Christmas. My wife and I just hung out at the house and watched movies and ate. I should have my closing today, I'm just waiting to hear from my lender about docs. I will soon have another listing to tell you about.
I will leave you with today's quotes and some stats on the market.
Till next time...
"Energy and persistence conquer all things."
-- Benjamin Franklin, Inventor
"Do not wait; the time will never be "just right." Start where you
stand, and work with whatever tools you may have at your command, and
better tools will be found as you go along."
-- Napoleon Hill, Writer
"Do what is right, not what you think the high headquarters wants or
what you think will make you look good."
-- Norman Schwarzkopf, General
"In a decisive set, confidence is the difference."
-- Chris Evert, Tennis Champion
"Every man dies. Not every man lives. The only limits to the
possibilities in your life tomorrow are the "buts" you use today."
-- Les Brown, Bandleader
"The two most powerful warriors are patience and time."
-- Leo Tolstoy, Author
"Obstacles cannot crush me. Every obstacle yields to stern resolve."
-- Leonardo da Vinci, Artist
"It doesn't matter where you are coming from. All that matters is where
you are going."
-- Brian Tracy, Author
The Top 10 best performing housing markets, according to Forbes magazine
* Salt Lake City - median home sales price: $246,700; Percent
change: 14.1 percent
* Charlotte, N.C. - $220,000, 11 percent
* San Jose, Calif. - $852,500, 9.4 percent
* San Francisco - $825,400, 8.6 percent
* Raleigh, N.C. - $229,500, 7.5 percent
* Austin - $188,200, 7.2 percent
* Pittsburgh - $127,700, 6.1 percent
* Seattle - $394,700, 6 percent
* San Antonio - $154,700, 5.7 percent
* Portland, Ore. - $299,700, 5.2 percent
Source: Forbes, Matt Woolsey (11/21/07)
Wednesday, December 26, 2007
Monday, December 24, 2007
My Life as a Realtor
Hi everybody, Merry Christmas! I hope everyone has a great Christmas and Happy New Year. My anniversary is New Years Eve. It will be 8 Years! Can you believe that? I should be closing today on one of my properties. I hope to have a few more deals in the coming weeks. I hope you will joining me on my quest to 50 Mill this year and help out where you can. I will leave you with your quotes and a few letters.
Again Have a great Holiday Season!!
"The greatest gift that you can give to others is the gift of
unconditional love and acceptance."
-- Brian Tracy, Author
"Whatever you dwell on in the conscious grows in your experience."
-- Brian Tracy, Author
"I have learned the novice can often see things that the expert
overlooks. All that is necessary is not to be afraid of making mistakes,
or of appearing naive."
-- Abraham Maslow, Psychologist
"A lot of people are afraid to tell the truth, to say no. That's where
toughness comes into play. Toughness is not being a bully. It's having
backbone."
-- Robert Kiyosaki, Motivational Speaker
"Those people who develop the ability to continuously acquire new and
better forms of knowledge that they can apply to their work and to their
lives will be the movers and shakers in our society for the indefinite
future."
-- Brian Tracy, Author
"Decisiveness is a characteristic of high-performing men and women.
Almost any decision is better than no decision at all."
-- Brian Tracy, Author
"I teach something called The Law of Probabilities, which says the more
things you try, the more likely one of them will work. The more books
you read, the more likely one of them will have an answer to a question
that could solve the major problems of your life.. make you wealthier,
solve a health problem, whatever it might be."
-- Jack Canfield, Success Coach
"If you can dream it, then you can achieve it. You will get all you want
in life if you help enough other people get what they want."
-- Zig Ziglar, Author
"It doesn't matter who you are, where you come from. The ability to
triumph begins with you. Always."
-- Oprah Winfrey, Talk Show Host
"Ingenuity - plus courage, plus work - equals miracles."
-- Bob Richards, Olympic Gold Medalist
Home prices nationwide posted their biggest drop in 16 years last month, according
to the National Association of Realtors.
But someone forgot to tell the folks in Salt Lake City. There, the median home sale
price jumped 21 percent in the second quarter this year, versus the same period last
year.
It's not that Salt Lake City is entirely immune to the national housing downturn. In
fact, new housing permits are down this year, and there is a glut of Macmansions,
says John Taylor, investment specialist at Commerce CRG, a unit of developer Cushman
& Wakefield. But with more people moving into the area, thanks in part to a
percolating job market, demand for affordable existing homes is still healthy, while
commercial construction is up 40 percent from last year. Apartment vacancy rates are
less than 2 percent, and longtime residents worry about a land grab from commercial
property investors flocking in from California and Las Vegas
"We are in the middle of a construction boom," says Taylor.
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky
Mountain states, parts of Texas, the Pacific Northwest and the Southeast. Other
markets defying the national meltdown include Beaumont-Port Arthur, Texas, Salem,
Ore., and Farmington, N.M.
What gives? For starters, these places missed the get-rich real-estate frenzy of
recent years, says Lawrence Yun, economist for the National Association of Realtors.
Prices aren't falling because they didn't rise that much to begin with. The median
price of a single-family home in Sarasota, Fla., in June was $311,000. Compare that
with $228,000 in Salem, which realized a 16.7 percent increase in property values in
the second quarter of 2007, versus the same time frame in 2006.
Yun believes states like New Mexico and Utah are finally, albeit belatedly, enjoying
the run-up in property prices that began in California and swept through Nevada in
the last few years.
According to Taylor, Salt Lake City has typically been more affordable than many
other parts of the nation, but as property prices fall in the rest of the country,
the gap has closed. In the second quarter of 2007, the national median existing
single-family home price was $223,800, down 1.5 percent from a year earlier. The
median price in Salt Lake City, however, is now up to $233,100.
Percolating local job markets get some of the credit. (In fact, the more resilient
property markets tend to be in places with above-average job growth.) Technology has
been a driver in booming real estate markets like Spokane, Wash., and Salem. Sales
and service sector jobs are revving up growth in Allentown, Pa.
Another factor: the sun. In a study predicting population growth through 2020,
Wharton professors Albert Saiz and Peter Linneman name the I-85 corridor between
Raleigh, N.C., and Atlanta as having the greatest potential for future growth
because of its long stretches of good weather. Americans are increasingly
prioritizing such quality of life factors in their decisions about where to live.
And where the people go, the job markets now follow. Also on the list: New Mexico,
Arizona, parts of Texas and Salt Lake City.
Of course, even in locations where home prices are still sizzling, there are no
guarantees that the current national housing slump won't creep into the
neighborhood. The devastating drop in real estate in parts of Florida, California
and Michigan have made potential homeowners skittish in general. A whole layer of
subprime borrowers are facing financial ruin and foreclosure. It's difficult to
envision a scenario that sees them rejoining the real estate market in a meaningful
way anytime soon.
Again Have a great Holiday Season!!
"The greatest gift that you can give to others is the gift of
unconditional love and acceptance."
-- Brian Tracy, Author
"Whatever you dwell on in the conscious grows in your experience."
-- Brian Tracy, Author
"I have learned the novice can often see things that the expert
overlooks. All that is necessary is not to be afraid of making mistakes,
or of appearing naive."
-- Abraham Maslow, Psychologist
"A lot of people are afraid to tell the truth, to say no. That's where
toughness comes into play. Toughness is not being a bully. It's having
backbone."
-- Robert Kiyosaki, Motivational Speaker
"Those people who develop the ability to continuously acquire new and
better forms of knowledge that they can apply to their work and to their
lives will be the movers and shakers in our society for the indefinite
future."
-- Brian Tracy, Author
"Decisiveness is a characteristic of high-performing men and women.
Almost any decision is better than no decision at all."
-- Brian Tracy, Author
"I teach something called The Law of Probabilities, which says the more
things you try, the more likely one of them will work. The more books
you read, the more likely one of them will have an answer to a question
that could solve the major problems of your life.. make you wealthier,
solve a health problem, whatever it might be."
-- Jack Canfield, Success Coach
"If you can dream it, then you can achieve it. You will get all you want
in life if you help enough other people get what they want."
-- Zig Ziglar, Author
"It doesn't matter who you are, where you come from. The ability to
triumph begins with you. Always."
-- Oprah Winfrey, Talk Show Host
"Ingenuity - plus courage, plus work - equals miracles."
-- Bob Richards, Olympic Gold Medalist
Home prices nationwide posted their biggest drop in 16 years last month, according
to the National Association of Realtors.
But someone forgot to tell the folks in Salt Lake City. There, the median home sale
price jumped 21 percent in the second quarter this year, versus the same period last
year.
It's not that Salt Lake City is entirely immune to the national housing downturn. In
fact, new housing permits are down this year, and there is a glut of Macmansions,
says John Taylor, investment specialist at Commerce CRG, a unit of developer Cushman
& Wakefield. But with more people moving into the area, thanks in part to a
percolating job market, demand for affordable existing homes is still healthy, while
commercial construction is up 40 percent from last year. Apartment vacancy rates are
less than 2 percent, and longtime residents worry about a land grab from commercial
property investors flocking in from California and Las Vegas
"We are in the middle of a construction boom," says Taylor.
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky
Mountain states, parts of Texas, the Pacific Northwest and the Southeast. Other
markets defying the national meltdown include Beaumont-Port Arthur, Texas, Salem,
Ore., and Farmington, N.M.
What gives? For starters, these places missed the get-rich real-estate frenzy of
recent years, says Lawrence Yun, economist for the National Association of Realtors.
Prices aren't falling because they didn't rise that much to begin with. The median
price of a single-family home in Sarasota, Fla., in June was $311,000. Compare that
with $228,000 in Salem, which realized a 16.7 percent increase in property values in
the second quarter of 2007, versus the same time frame in 2006.
Yun believes states like New Mexico and Utah are finally, albeit belatedly, enjoying
the run-up in property prices that began in California and swept through Nevada in
the last few years.
According to Taylor, Salt Lake City has typically been more affordable than many
other parts of the nation, but as property prices fall in the rest of the country,
the gap has closed. In the second quarter of 2007, the national median existing
single-family home price was $223,800, down 1.5 percent from a year earlier. The
median price in Salt Lake City, however, is now up to $233,100.
Percolating local job markets get some of the credit. (In fact, the more resilient
property markets tend to be in places with above-average job growth.) Technology has
been a driver in booming real estate markets like Spokane, Wash., and Salem. Sales
and service sector jobs are revving up growth in Allentown, Pa.
Another factor: the sun. In a study predicting population growth through 2020,
Wharton professors Albert Saiz and Peter Linneman name the I-85 corridor between
Raleigh, N.C., and Atlanta as having the greatest potential for future growth
because of its long stretches of good weather. Americans are increasingly
prioritizing such quality of life factors in their decisions about where to live.
And where the people go, the job markets now follow. Also on the list: New Mexico,
Arizona, parts of Texas and Salt Lake City.
Of course, even in locations where home prices are still sizzling, there are no
guarantees that the current national housing slump won't creep into the
neighborhood. The devastating drop in real estate in parts of Florida, California
and Michigan have made potential homeowners skittish in general. A whole layer of
subprime borrowers are facing financial ruin and foreclosure. It's difficult to
envision a scenario that sees them rejoining the real estate market in a meaningful
way anytime soon.
Thursday, December 13, 2007
My life as a Realtor
SO very sorry I haven't been here for a while. I have just been running wild. If you remember the Post St. home I sold a while back, well I picked up the investor that bought that home and we have been looking at homes together in a buyers capacity. Looking at this and putting offers on that. In fact we are going to look at homes to day.
This morning I must go to a final walk-trough inspection on another home I put under contract earlier this month. There are only a few things that we need done from the inspection, but you never know what you may find on a final! These were the nicest people. It is a mother and her daughter. We have been looking at homes for a while and came across this perfect home for them. I love getting people there dreams. I love being a "Rain Maker".
i have two listings right now. One is up in Sugar House. It is 2170 SQ FT, completely remodeled and sits on .24 acre. it is listed at $365k. The other is a bar and grill. It is 5200 SQ FT and has 2 levels and 12 taps. It is listed at $1.1 mill. If you know anybody then call or email me back.
After I close on the 2 homes I have under contract then I will be making my way down to AR for Christmas with my family. We are driving there and stopping in TX on the way to see an old friend.
Will have some news later.
Here is some interesting news on the market, and of course some quotes!!!
Home prices nationwide posted their biggest drop in 16 years last month, according
to the National Association of Realtors.
But someone forgot to tell the folks in Salt Lake City. There, the median home sale
price jumped 21 percent in the second quarter this year, versus the same period last
year.
It's not that Salt Lake City is entirely immune to the national housing downturn. In
fact, new housing permits are down this year, and there is a glut of Macmansions,
says John Taylor, investment specialist at Commerce CRG, a unit of developer Cushman
& Wakefield. But with more people moving into the area, thanks in part to a
percolating job market, demand for affordable existing homes is still healthy, while
commercial construction is up 40 percent from last year. Apartment vacancy rates are
less than 2 percent, and longtime residents worry about a land grab from commercial
property investors flocking in from California and Las Vegas
"We are in the middle of a construction boom," says Taylor.
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky
Mountain states, parts of Texas, the Pacific Northwest and the Southeast. Other
markets defying the national meltdown include Beaumont-Port Arthur, Texas, Salem,
Ore., and Farmington, N.M.
What gives? For starters, these places missed the get-rich real-estate frenzy of
recent years, says Lawrence Yun, economist for the National Association of Realtors.
Prices aren't falling because they didn't rise that much to begin with. The median
price of a single-family home in Sarasota, Fla., in June was $311,000. Compare that
with $228,000 in Salem, which realized a 16.7 percent increase in property values in
the second quarter of 2007, versus the same time frame in 2006.
Yun believes states like New Mexico and Utah are finally, albeit belatedly, enjoying
the run-up in property prices that began in California and swept through Nevada in
the last few years.
According to Taylor, Salt Lake City has typically been more affordable than many
other parts of the nation, but as property prices fall in the rest of the country,
the gap has closed. In the second quarter of 2007, the national median existing
single-family home price was $223,800, down 1.5 percent from a year earlier. The
median price in Salt Lake City, however, is now up to $233,100.
Percolating local job markets get some of the credit. (In fact, the more resilient
property markets tend to be in places with above-average job growth.) Technology has
been a driver in booming real estate markets like Spokane, Wash., and Salem. Sales
and service sector jobs are revving up growth in Allentown, Pa.
Another factor: the sun. In a study predicting population growth through 2020,
Wharton professors Albert Saiz and Peter Linneman name the I-85 corridor between
Raleigh, N.C., and Atlanta as having the greatest potential for future growth
because of its long stretches of good weather. Americans are increasingly
prioritizing such quality of life factors in their decisions about where to live.
And where the people go, the job markets now follow. Also on the list: New Mexico,
Arizona, parts of Texas and Salt Lake City.
Of course, even in locations where home prices are still sizzling, there are no
guarantees that the current national housing slump won't creep into the
neighborhood. The devastating drop in real estate in parts of Florida, California
and Michigan have made potential homeowners skittish in general. A whole layer of
subprime borrowers are facing financial ruin and foreclosure. It's difficult to
envision a scenario that sees them rejoining the real estate market in a meaningful
way anytime soon.
By Deborah Orr
"In the confrontation between the stream and the rock, the stream always
wins, not through strength but by perseverance."
-- H. Jackson Brown, Author
"I firmly believe that any man's finest hour, the greatest fulfillment
of all that he holds dear, is the moment when he has worked his heart
out in a good cause and lies exhausted on the field of
battle-victorious."
-- Vince Lombardi, Legendary Football Coach
"The entrepreneur builds an enterprise; the technician builds a job."
-- Michael Gerber, Author and Entrepreneur
"At home we have always regarded the dining table as the prime seat of
learning. We planned it so it was impossible to see or hear a TV from
the table, and it has paid dividends in the volume of ideas that have
been shared over the evening meal."
-- Noel Whittaker, Financial Advisor
"Develop an attitude of gratitude, and give thanks for everything that
happens to you, knowing that every step forward is a step toward
achieving something bigger and better than your current situation."
-- Brian Tracy, Author
"There are a lot of things that go into creating success. I don't like
to do just the things I like to do. I like to do things that cause the
company to succeed."
-- Michael Dell, Founder and Chairman of Dell Computers
"The more credit you give away, the more will come back to you. The more
you help others, the more they will want to help you."
-- Brian Tracy, Author
"A successful life is one that is lived through understanding and
pursuing one's own path, not chasing after the dreams of others."
-- Chin-Ning Chu, Strategist
"Just as your car runs more smoothly and requires less energy to go
faster and farther when the wheels are in perfect alignment, you perform
better when your thoughts, feelings, emotions, goals, and values are in
balance."
-- Brian Tracy, Author
"Concentration can be cultivated. One can learn to exercise will power,
discipline one's body and train one's mind."
-- Anil Ambani, Billionaire Businessman
"I always wanted to be the best I could be at whatever I did. I didn't
want to be the number one golfer in the world. I just wanted to be as
good as I could be."
-- Greg Norman, Golf Champion
This morning I must go to a final walk-trough inspection on another home I put under contract earlier this month. There are only a few things that we need done from the inspection, but you never know what you may find on a final! These were the nicest people. It is a mother and her daughter. We have been looking at homes for a while and came across this perfect home for them. I love getting people there dreams. I love being a "Rain Maker".
i have two listings right now. One is up in Sugar House. It is 2170 SQ FT, completely remodeled and sits on .24 acre. it is listed at $365k. The other is a bar and grill. It is 5200 SQ FT and has 2 levels and 12 taps. It is listed at $1.1 mill. If you know anybody then call or email me back.
After I close on the 2 homes I have under contract then I will be making my way down to AR for Christmas with my family. We are driving there and stopping in TX on the way to see an old friend.
Will have some news later.
Here is some interesting news on the market, and of course some quotes!!!
Home prices nationwide posted their biggest drop in 16 years last month, according
to the National Association of Realtors.
But someone forgot to tell the folks in Salt Lake City. There, the median home sale
price jumped 21 percent in the second quarter this year, versus the same period last
year.
It's not that Salt Lake City is entirely immune to the national housing downturn. In
fact, new housing permits are down this year, and there is a glut of Macmansions,
says John Taylor, investment specialist at Commerce CRG, a unit of developer Cushman
& Wakefield. But with more people moving into the area, thanks in part to a
percolating job market, demand for affordable existing homes is still healthy, while
commercial construction is up 40 percent from last year. Apartment vacancy rates are
less than 2 percent, and longtime residents worry about a land grab from commercial
property investors flocking in from California and Las Vegas
"We are in the middle of a construction boom," says Taylor.
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky
Mountain states, parts of Texas, the Pacific Northwest and the Southeast. Other
markets defying the national meltdown include Beaumont-Port Arthur, Texas, Salem,
Ore., and Farmington, N.M.
What gives? For starters, these places missed the get-rich real-estate frenzy of
recent years, says Lawrence Yun, economist for the National Association of Realtors.
Prices aren't falling because they didn't rise that much to begin with. The median
price of a single-family home in Sarasota, Fla., in June was $311,000. Compare that
with $228,000 in Salem, which realized a 16.7 percent increase in property values in
the second quarter of 2007, versus the same time frame in 2006.
Yun believes states like New Mexico and Utah are finally, albeit belatedly, enjoying
the run-up in property prices that began in California and swept through Nevada in
the last few years.
According to Taylor, Salt Lake City has typically been more affordable than many
other parts of the nation, but as property prices fall in the rest of the country,
the gap has closed. In the second quarter of 2007, the national median existing
single-family home price was $223,800, down 1.5 percent from a year earlier. The
median price in Salt Lake City, however, is now up to $233,100.
Percolating local job markets get some of the credit. (In fact, the more resilient
property markets tend to be in places with above-average job growth.) Technology has
been a driver in booming real estate markets like Spokane, Wash., and Salem. Sales
and service sector jobs are revving up growth in Allentown, Pa.
Another factor: the sun. In a study predicting population growth through 2020,
Wharton professors Albert Saiz and Peter Linneman name the I-85 corridor between
Raleigh, N.C., and Atlanta as having the greatest potential for future growth
because of its long stretches of good weather. Americans are increasingly
prioritizing such quality of life factors in their decisions about where to live.
And where the people go, the job markets now follow. Also on the list: New Mexico,
Arizona, parts of Texas and Salt Lake City.
Of course, even in locations where home prices are still sizzling, there are no
guarantees that the current national housing slump won't creep into the
neighborhood. The devastating drop in real estate in parts of Florida, California
and Michigan have made potential homeowners skittish in general. A whole layer of
subprime borrowers are facing financial ruin and foreclosure. It's difficult to
envision a scenario that sees them rejoining the real estate market in a meaningful
way anytime soon.
By Deborah Orr
"In the confrontation between the stream and the rock, the stream always
wins, not through strength but by perseverance."
-- H. Jackson Brown, Author
"I firmly believe that any man's finest hour, the greatest fulfillment
of all that he holds dear, is the moment when he has worked his heart
out in a good cause and lies exhausted on the field of
battle-victorious."
-- Vince Lombardi, Legendary Football Coach
"The entrepreneur builds an enterprise; the technician builds a job."
-- Michael Gerber, Author and Entrepreneur
"At home we have always regarded the dining table as the prime seat of
learning. We planned it so it was impossible to see or hear a TV from
the table, and it has paid dividends in the volume of ideas that have
been shared over the evening meal."
-- Noel Whittaker, Financial Advisor
"Develop an attitude of gratitude, and give thanks for everything that
happens to you, knowing that every step forward is a step toward
achieving something bigger and better than your current situation."
-- Brian Tracy, Author
"There are a lot of things that go into creating success. I don't like
to do just the things I like to do. I like to do things that cause the
company to succeed."
-- Michael Dell, Founder and Chairman of Dell Computers
"The more credit you give away, the more will come back to you. The more
you help others, the more they will want to help you."
-- Brian Tracy, Author
"A successful life is one that is lived through understanding and
pursuing one's own path, not chasing after the dreams of others."
-- Chin-Ning Chu, Strategist
"Just as your car runs more smoothly and requires less energy to go
faster and farther when the wheels are in perfect alignment, you perform
better when your thoughts, feelings, emotions, goals, and values are in
balance."
-- Brian Tracy, Author
"Concentration can be cultivated. One can learn to exercise will power,
discipline one's body and train one's mind."
-- Anil Ambani, Billionaire Businessman
"I always wanted to be the best I could be at whatever I did. I didn't
want to be the number one golfer in the world. I just wanted to be as
good as I could be."
-- Greg Norman, Golf Champion
Tuesday, September 25, 2007
My life as a realtor
Hi again! It's been a while. I'm finally getting organized in my new office space. I have 12 potential buyers and a new listing as you can tell. This market is the only market we have so we need to make the best of it. Right now in 84108 the average home on market time is 37 days. If your home has been on the market for longer you need to reevaluate your price.
At our office we are having a listing competition and I need your help. Call me if I can help you.
Till next time,
"The future you see is the future you get."
-- Robert G Allen, Business, Finance & Motivational Author
"If you want more, you have to require more from yourself."
-- Dr Phil, Motivational Author and Talk Show Host
"There are managers so preoccupied with their e-mail messages that they
never look up from their screens to see what's happening in the
nondigital world."
-- Mihaly Csikszentmihalyi, Professor of Psychology and Published Author
"Don't quack like a duck.. soar like an eagle."
-- Ken Blanchard, Business Author and Speaker
"If you want to live a happy life, tie it to a goal, not to people or
things."
-- Albert Einstein
"Happiness is not in the mere possession of money; it lies in the joy of
achievement, in the thrill of creative effort."
-- Franklin D. Roosevelt, President of The United States of America
"Discipline is the bridge between goals and accomplishment."
-- Jim Rohn, Author
Sep 18, 3:03 PM EDT
Federal Reserve Cuts Key Interest Rate
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) -- The Federal Reserve cut a key interest rate for the first time in
four years, seeking with an aggressive half-point move to prevent a steep housing
slump and turbulent financial markets from triggering a recession.
The Fed announced Tuesday that it was reducing its target for the federal funds
rate, the interest that banks charge each other, from 5.25 percent to 4.75 percent.
The half-point reduction was double the quarter-point move that many economists had
been expecting.
The action was designed to boost economic growth by lowering borrowing costs for
millions of consumers and businesses. Commercial banks were expected to quickly
match the Fed's action by cutting their prime lending rate. The prime rate has been
at 8.25 percent for the past 15 months.
The Fed's action came in the midst of the worst slump in housing in 16 years. That
downturn has triggered record defaults in subprime mortgages and roiled financial
markets around the globe as investors have become worried about where the spreading
credit problems will next appear.
The financial market turmoil represents the first major test for Fed Chairman Ben
Bernanke, who took over from the venerable Alan Greenspan in February 2006.
In addition to cutting the federal funds rate by a half point, the central bank also
reduced its discount rate, the interest it charges in making direct loans to banks,
by a half-point as well.
The Fed had also cut the discount rate on Aug. 17 as it scrambled to respond to the
growing credit crisis.
In explaining its action Tuesday, the Fed said that "the tightening of credit
conditions has the potential to intensify the housing correction and to restrain
economic growth more generally."
Lee
"Let others lead small lives, but not you. Let others argue over small things, but
not you. Let others cry over small hurts, but not you. Let others leave their future
in someone else's hands, but not you."
At our office we are having a listing competition and I need your help. Call me if I can help you.
Till next time,
"The future you see is the future you get."
-- Robert G Allen, Business, Finance & Motivational Author
"If you want more, you have to require more from yourself."
-- Dr Phil, Motivational Author and Talk Show Host
"There are managers so preoccupied with their e-mail messages that they
never look up from their screens to see what's happening in the
nondigital world."
-- Mihaly Csikszentmihalyi, Professor of Psychology and Published Author
"Don't quack like a duck.. soar like an eagle."
-- Ken Blanchard, Business Author and Speaker
"If you want to live a happy life, tie it to a goal, not to people or
things."
-- Albert Einstein
"Happiness is not in the mere possession of money; it lies in the joy of
achievement, in the thrill of creative effort."
-- Franklin D. Roosevelt, President of The United States of America
"Discipline is the bridge between goals and accomplishment."
-- Jim Rohn, Author
Sep 18, 3:03 PM EDT
Federal Reserve Cuts Key Interest Rate
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) -- The Federal Reserve cut a key interest rate for the first time in
four years, seeking with an aggressive half-point move to prevent a steep housing
slump and turbulent financial markets from triggering a recession.
The Fed announced Tuesday that it was reducing its target for the federal funds
rate, the interest that banks charge each other, from 5.25 percent to 4.75 percent.
The half-point reduction was double the quarter-point move that many economists had
been expecting.
The action was designed to boost economic growth by lowering borrowing costs for
millions of consumers and businesses. Commercial banks were expected to quickly
match the Fed's action by cutting their prime lending rate. The prime rate has been
at 8.25 percent for the past 15 months.
The Fed's action came in the midst of the worst slump in housing in 16 years. That
downturn has triggered record defaults in subprime mortgages and roiled financial
markets around the globe as investors have become worried about where the spreading
credit problems will next appear.
The financial market turmoil represents the first major test for Fed Chairman Ben
Bernanke, who took over from the venerable Alan Greenspan in February 2006.
In addition to cutting the federal funds rate by a half point, the central bank also
reduced its discount rate, the interest it charges in making direct loans to banks,
by a half-point as well.
The Fed had also cut the discount rate on Aug. 17 as it scrambled to respond to the
growing credit crisis.
In explaining its action Tuesday, the Fed said that "the tightening of credit
conditions has the potential to intensify the housing correction and to restrain
economic growth more generally."
Lee
"Let others lead small lives, but not you. Let others argue over small things, but
not you. Let others cry over small hurts, but not you. Let others leave their future
in someone else's hands, but not you."
Wednesday, August 29, 2007
My life as a realtor
Hi again! Hope all is well with everyone. I have started putting all my prospects in one area and I have found 17 potential buyers. Go figure. I have a few I the first step of getting approved for a loan and contracts on two others. I will be working on converting them over in the next few days. More later!
"Of course there is no formula for success except perhaps an
unconditional acceptance of life and what it brings."
-- Arthur Rubinstein, pianist
"It is impossible to get the measure of what an individual can
accomplish, unless the responsibility is placed on him."
-- Alfred Sloan, General Motors chairman
"Do not anticipate trouble, or worry about what may never happen. Keep
in the sunlight."
-- Benjamin Franklin, Inventor
"People of mediocre ability sometimes achieve outstanding success
because they don't know when to quit. Most men succeed because they are
determined to."
-- George Allen, football coach
"A professional is someone who can do his best work when he doesn't feel
like it."
-- Alistair Cooke, Journalist
"Adapt or perish, now as ever, is nature's inexorable imperative."
-- H.G. Wells, writer
"Of course there is no formula for success except perhaps an
unconditional acceptance of life and what it brings."
-- Arthur Rubinstein, pianist
"It is impossible to get the measure of what an individual can
accomplish, unless the responsibility is placed on him."
-- Alfred Sloan, General Motors chairman
"Do not anticipate trouble, or worry about what may never happen. Keep
in the sunlight."
-- Benjamin Franklin, Inventor
"People of mediocre ability sometimes achieve outstanding success
because they don't know when to quit. Most men succeed because they are
determined to."
-- George Allen, football coach
"A professional is someone who can do his best work when he doesn't feel
like it."
-- Alistair Cooke, Journalist
"Adapt or perish, now as ever, is nature's inexorable imperative."
-- H.G. Wells, writer
Thursday, August 16, 2007
My life as a realtor
What a couple of days. We finally got the Post St. home under contract and it almost fell apart. We started the day yesterday with an $80,000 offer and almost went to nothing. We signed today on a $78,500 and we close in the morning. WOW! I've never worked harder in my life.
I have been really busy this last week. Two agents went out of town and left me there business. I had 7 listings for a while. Now 1 sold and got an offer on another one. Two 3rd showings on another one and 3 were taken back from the agent. She came back.
From that i may have 4 more buyers and a possible 5th. Lets see if ol' Brian can handle it.
More later!
"To be persuasive we must be believable; to be believable we must be
credible; to be credible we must be truthful."
-- Edward R. Murrow, Journalist
"Integrity without knowledge is weak and useless, and knowledge without
integrity is dangerous and dreadful."
-- Samuel Johnson, Lexicographer
"Those who expect to reap the blessings of freedom must understand the
fatigue of supporting it."
-- Thomas Paine, statesman
"The beginning is the most important part of the work."
-- Plato, philosopher
"If you want to have good ideas, you must have many ideas. Most of them
will be wrong, ad what you have to learn is which ones to throw away."
-- Linus Pauling, chemist
I have been really busy this last week. Two agents went out of town and left me there business. I had 7 listings for a while. Now 1 sold and got an offer on another one. Two 3rd showings on another one and 3 were taken back from the agent. She came back.
From that i may have 4 more buyers and a possible 5th. Lets see if ol' Brian can handle it.
More later!
"To be persuasive we must be believable; to be believable we must be
credible; to be credible we must be truthful."
-- Edward R. Murrow, Journalist
"Integrity without knowledge is weak and useless, and knowledge without
integrity is dangerous and dreadful."
-- Samuel Johnson, Lexicographer
"Those who expect to reap the blessings of freedom must understand the
fatigue of supporting it."
-- Thomas Paine, statesman
"The beginning is the most important part of the work."
-- Plato, philosopher
"If you want to have good ideas, you must have many ideas. Most of them
will be wrong, ad what you have to learn is which ones to throw away."
-- Linus Pauling, chemist
Wednesday, August 1, 2007
My life as a realtor
Hi all! We made it back from Driggs and I got Busy. We have had 3 written offers and 3 other verbal offers on the Post st. house. My client won't budge on the price that low though. I have picked up a few new buyers from no homes for them yet. I hope to have a few contracts later this month and get some closings soon.
I picked up a few more paint jobs lately and I can't seem to stop. The law of attraction works!
More later!!!
"Don't be afraid to be unique or speak your mind, because that's what
makes you different from everyone else."
-- Dave Thomas, Wendy's founder
"Your own resolution to succeed is more important than any other one
thing."
-- Abraham Lincoln, 16th U.S. president
"Do not wait; the time will never be "just right." Start where you
stand, and work with whatever tools you may have at your command, and
better tools will be found as you go along."
-- Napoleon Hill, Writer
"Nearly all men can stand adversity, but if you want to test a man's
character, give him power."
-- Abraham Lincoln, 16th US President
"My motto was always to keep swinging. Whether I was in a slump or
feeling badly or having trouble off the field, the only thing to do was
keep swinging."
-- Hank Aaron, baseball star
"It has been my philosophy of life that difficulties vanish when faced
boldly."
-- Isaac Asimov, author
I picked up a few more paint jobs lately and I can't seem to stop. The law of attraction works!
More later!!!
"Don't be afraid to be unique or speak your mind, because that's what
makes you different from everyone else."
-- Dave Thomas, Wendy's founder
"Your own resolution to succeed is more important than any other one
thing."
-- Abraham Lincoln, 16th U.S. president
"Do not wait; the time will never be "just right." Start where you
stand, and work with whatever tools you may have at your command, and
better tools will be found as you go along."
-- Napoleon Hill, Writer
"Nearly all men can stand adversity, but if you want to test a man's
character, give him power."
-- Abraham Lincoln, 16th US President
"My motto was always to keep swinging. Whether I was in a slump or
feeling badly or having trouble off the field, the only thing to do was
keep swinging."
-- Hank Aaron, baseball star
"It has been my philosophy of life that difficulties vanish when faced
boldly."
-- Isaac Asimov, author
Thursday, July 19, 2007
My life as a realtor
What a wonderful day! We are in Driggs ID right now staying with Britt's parents. It is so nice here. The high fro today is only 90 degrees and they think that is hot. There will be a pretty cool show on main st. tonight. It is called Music on Main here. I'll let you know how it is.
Our listing has got a few offers on it. Nothing under contract at this point. I'll let you know when we do.
More later!!!
"We can't solve problems by using the same kind of thinking we used when
we created them."
-- Albert Einstein, scientist
"You've got to love what you're doing. If you love it, you can overcome
any handicap or the soreness or all the aches and pains, and continue to
play for a long, long time."
-- Gordie Howe, hockey star
Our listing has got a few offers on it. Nothing under contract at this point. I'll let you know when we do.
More later!!!
"We can't solve problems by using the same kind of thinking we used when
we created them."
-- Albert Einstein, scientist
"You've got to love what you're doing. If you love it, you can overcome
any handicap or the soreness or all the aches and pains, and continue to
play for a long, long time."
-- Gordie Howe, hockey star
Sunday, July 15, 2007
My Life as a Realtor
Hello everybody! We got the listing and had an offer before we put it on the MLS! We listed it for $93,777.00. It is going to go fast! Not much more to report on today. Hope all is well with you and your life. Let me know if there is anything that I can do for you!
More later!
"I skate to where the puck is going to be, not where it has been."
-- Wayne Gretzky, Hockey Player
"In a time of drastic change, it is the learners who inherit the
future."
-- Eric Hoffer, philosopher
More later!
"I skate to where the puck is going to be, not where it has been."
-- Wayne Gretzky, Hockey Player
"In a time of drastic change, it is the learners who inherit the
future."
-- Eric Hoffer, philosopher
Friday, July 13, 2007
My life as Your Realtor
Hi all! Hope all is well in your life. Things have been great!
I just picked up a new listing that should be signed today and on the MLS by tonight! It is a great little property perfect for a flip. It is worth $130,000.00 remodeled and is selling for $90,000.00. It is mostly gutted so most of the demo is done. I have a few people interested already. We are doing a seller financing with $25,000.00 down and the remainder at a 9% interest for a year with a balloon for the remainder.
I also picked up a listing lead for another cute little home on the east bench for $500,000.00 or more. This is the perfect home for an executive with a growing family. It is 4 beds and 2 full baths. Nice little yard and a beautiful neighborhood.
More latter!
"Achievement is largely the product of steadily raising one's levels of
aspiration and expectation."
-- Jack Nicklaus, Golfer
"The return from your work must be the satisfaction which that work
brings you and the world's need of that work. With this, life is heaven,
or as close to heaven as you can get. Without this - with work which you
despise, which bores you, and which the world does not need - this life
is hell."
-- W.E.B. DuBois, American Civil Rights Activist
"A genuine leader is not a searcher for consensus, but a molder of
consensus"
-- Martin Luther King, Jr., civil rights leader
"This is as true in everyday life as it is in battle: We are given one
life, and the decision is ours whether to wait for circumstances to make
up our mind or whether to act and, in acting, to live."
-- Omar Bradley, General
"Every man dies. Not every man lives. The only limits to the
possibilities in your life tomorrow are the "buts" you use today."
-- Les Brown, Bandleader
"The only thing necessary for the triumph of evil is for good men to do
nothing."
-- Edmund Burke, statesman
"Diligence is the mother of good fortune, and idleness-its
opposite-never led to good intention's goal."
-- Miguel de Cervantes, writer
"It's what you learn after you know it all that counts."
-- John Wooden, basketball coach
"Change before you have to."
-- Jack Welch, Businessman
I just picked up a new listing that should be signed today and on the MLS by tonight! It is a great little property perfect for a flip. It is worth $130,000.00 remodeled and is selling for $90,000.00. It is mostly gutted so most of the demo is done. I have a few people interested already. We are doing a seller financing with $25,000.00 down and the remainder at a 9% interest for a year with a balloon for the remainder.
I also picked up a listing lead for another cute little home on the east bench for $500,000.00 or more. This is the perfect home for an executive with a growing family. It is 4 beds and 2 full baths. Nice little yard and a beautiful neighborhood.
More latter!
"Achievement is largely the product of steadily raising one's levels of
aspiration and expectation."
-- Jack Nicklaus, Golfer
"The return from your work must be the satisfaction which that work
brings you and the world's need of that work. With this, life is heaven,
or as close to heaven as you can get. Without this - with work which you
despise, which bores you, and which the world does not need - this life
is hell."
-- W.E.B. DuBois, American Civil Rights Activist
"A genuine leader is not a searcher for consensus, but a molder of
consensus"
-- Martin Luther King, Jr., civil rights leader
"This is as true in everyday life as it is in battle: We are given one
life, and the decision is ours whether to wait for circumstances to make
up our mind or whether to act and, in acting, to live."
-- Omar Bradley, General
"Every man dies. Not every man lives. The only limits to the
possibilities in your life tomorrow are the "buts" you use today."
-- Les Brown, Bandleader
"The only thing necessary for the triumph of evil is for good men to do
nothing."
-- Edmund Burke, statesman
"Diligence is the mother of good fortune, and idleness-its
opposite-never led to good intention's goal."
-- Miguel de Cervantes, writer
"It's what you learn after you know it all that counts."
-- John Wooden, basketball coach
"Change before you have to."
-- Jack Welch, Businessman
Thursday, March 8, 2007
Thursday March 8 2007
This week has been great. I have 2 new clients that I am finding homes for. One is approved for $140,000.00 and the other is for $155,000.00. The only problem is that we can't find what they want in that price. Till later
Thursday, March 1, 2007
My Life as a Realtor
My day today.
March 1, 2007
Today started of a little differently than usual. I showed homes to a couple. We put an offer on a home yesterday, but the countered back with things that were not going to work with my client. I have an appointment coming in right now so I need to go. More later!
Brian's Quote of the Day “We differ, blind and seeing, one from another, not in our senses, but in the use we make of them, in the imagination and courage with which we seek wisdom beyond all senses
– Helen Keller, lecturer, author
March 1, 2007
Today started of a little differently than usual. I showed homes to a couple. We put an offer on a home yesterday, but the countered back with things that were not going to work with my client. I have an appointment coming in right now so I need to go. More later!
Brian's Quote of the Day “We differ, blind and seeing, one from another, not in our senses, but in the use we make of them, in the imagination and courage with which we seek wisdom beyond all senses
– Helen Keller, lecturer, author
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