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