Hi Again! Well we have two more homes under contract for the month. That's three for those of you that are counting. We got the approval on the other two yesterday. They are Meth homes and we want to get more! If you know of any properties that need to be cleaned up and we can get for 60 cents on the dollar after they are fixed up then we are good to go. All three that I have under contract will all be closing on the same day at this point witch is Feb. 4th. I need to get more before that day comes and goes. HELP ME OUT!!!
Here we all to to $50 Mill!!!
Enjoy the quotes!
"An organization's ability to learn, and translate that learning into
action rapidly, is the ultimate competitive business advantage."
-- Jack Welch, General Electric CEO
"If you believe in unlimited quality and act in all your business
dealings with total integrity, the rest will take care of itself. "
-- Frank Perdue, Perdue Farms president
"You can make more friends in two months by becoming interested in other
people than you can in two years by trying to get other people
interested in you. "
-- Dale Carnegie, author
"Control your own destiny or someone else will. "
-- Jack Welch, executive
"It is the nature of man to rise to greatness if greatness is expected
of him. "
-- John Steinbeck, author
"A leader has the vision and conviction that a dream can be achieved. He
inspires the power and energy to get it done. "
-- Ralph Lauren, fashion designer
"Before everything else, getting ready is the secret of success. "
-- Henry Ford, automaker
Friday, January 11, 2008
Tuesday, January 8, 2008
My Life as a Realtor
Hi guys! How about the standoff last night? I was in the middle of it all. It was pretty intense until the SWAT shot the tear gas and he came charging at them with an AX! Got blasted in the chest with a 40mm rubber bullet and got back up again until he was tazed.
We got another contract, and yes I was paid on the other one. I have a listing appointment later today and I start a new class today. 36-12-3 witch is 36 Sales in 12 Months with 3 Hours of Lead generation a day. You will probably be hearing a lot more from me so you can help in my quest to 50mill!
Here is a letter and your quotes! More Later!!!
Here is a recent article I found on InmanNews.com (written by Bernice Ross):
Laurence Yun, the chief economist for NAR, had plenty of positive news for Realtors
at last month's conference. Yun attributed much of today's subprime mortgage
Bear-Stearns-Troubles Nov-07 problem to greed. Wall Street wanted the 10-12 percent
return that subprime mortgages yielded as opposed to the smaller returns from more
traditional mortgage products. His take on the Wall Street types: "They gambled.
They lost."
Yun's outlook for 2008 sees a shift from greedy speculators to serious homeowners.
2008 will be a year of opportunity where there will be serious, healthy business.
Furthermore, Yun predicted that the market returns to normal by 2009.
According to Yun, one of the biggest mistakes that reporters make is talking about
national trends. Nationally, 2007 was the fifth best year ever on record. Home
prices declined about 1.5 percent after a 50 percent run up in prices.
The challenge is that national numbers are pretty much irrelevant. Yun argues that
talking about national averages is about as effective as having a national weather
forecast. Like the weather, all real estate markets are local. In fact, you may have
a buyer's market and a seller's market operating within a single market area based
exclusively upon price point. Here are the other key pieces of positive news from
Yun's economic report:
1. New housing starts: Even though these are dropping, there was too much building
in recent years. The market is simply adjusting to normal supply-and-demand
pressures. The inventory is "being controlled which makes stabilization occur more
quickly."
2. Foreclosures: According to Yun, the 41 percent increase in foreclosures has
resulted primarily from investor-heavy real estate purchases in Arizona, California,
Florida and Nevada. The majority of these individuals are flippers whose investments
did not payoff. More importantly, the number of foreclosures in Utah, New Mexico,
North Carolina and South Carolina is actually declining.
3. Under-priced markets and superstar cities: Although the coastal markets are still
overpriced, Middle America is under priced. Nevertheless, Yun cites a new trend
termed, "superstar" cities. These cities will command premium prices, regardless of
what the market does. There is so much wealth concentrated in these areas, that
measurements are simply not predictive. In addition to London, Paris, Tokyo and New
York, Yun also identified San Francisco, Miami and Seattle as potential new
superstar cities.
4. The recovery has started: Other than the three states hit heavily by job losses
in the automotive industry (Indiana, Michigan and Ohio), the states that first
experienced a downturn in the Northeast, are now in recovery. Specifically,
Connecticut, Massachusetts, New York and Rhode Island were the first to feel the
slump and are now well into a recovery. Furthermore, there appears to be a pent-up
demand for first-time buyer properties due to a large number of Gen Ys (born 1977 to
1994) that are now buying their first homes. Falling interest rates will motivate
many of these buyers to step into the market now.
5. New jobs and corporate profits are still strong: Corporate profits are still
strong with companies as diverse as Microsoft and Jack Daniels reporting close to
record profits. Furthermore, the economy has generated 4 million net new jobs and
wages are rising.
6. A weak dollar may harbinger more foreign investment in U.S. real estate
Although the decline of the U.S. dollar will end up costing us more when we go
overseas or purchase imports, it has resulted in more manufacturing jobs returning
to the U.S. It also may mean more foreign investment in U.S. properties as well.
Just a few years ago, the Canadian dollar was only worth 70 cents in U.S. currency.
Today, the Canadian dollar has been hovering at about $1.05 to $1.10 U.S. What this
means is that we can expect more Canadians and Europeans to be purchasing U.S.
property, because our prices are approximately 50 percent cheaper than they were
just three years ago.
7. Real estate: Still the best shelter: For those agents who represent reluctant
first-time buyers, Yun points to some interesting research from the Federal Reserve.
Between 1995 and 2004, the average renter accumulated $4,000 in wealth. In contrast,
the average homeowner accumulated $184,400. Furthermore, the typical homeowner holds
their property for six years. Within this period of time, NAR's research shows that
approximately 97 percent of the homeowners will have a positive equity position
after that period of time.
Bottom line: 2008 represents the best window that buyers will have to find excellent
deals with excellent financing. Get the word out there. If they wait, prices and
interest rates will be higher and the reluctant buyer may be forced out of the
market.
"Salesmanship is an American specialty. It typifies the competitive
spirit of our economy. Nowhere else in the world have so many executives
come up through the selling ranks. "
-- Robert Whitney, financial executive
"I try to do the right thing at the right time. They may just be little
things, but usually they make the difference between winning and losing."
-- Kareem Abdul-Jabbar, basketball player
"Heights were made to be looked at, not to be looked from. "
-- G.K. Chesterton, writer
"Great deeds are usually wrought at great risks. "
-- Herodotus, historian
"Try not to become a man of success, but rather a man of value."
-- Albert Einstein, scientist
"Goals provide the energy source that powers our lives. One of the best
ways we can get the most from the energy we have is to focus it. That is
what goals can do for us: concentrate our energy. "
-- Denis Waitley, motivational coach
"The world is more malleable than you think, and it's waiting for you to
hammer it into shape. "
-- Bono, musician
"You have to pretend you're 100% sure. You have to take action; you
can't hesitate or hedge your bets. Anything less will condemn your
efforts to failure. "
-- Andrew Grove, Intel co-founder
We got another contract, and yes I was paid on the other one. I have a listing appointment later today and I start a new class today. 36-12-3 witch is 36 Sales in 12 Months with 3 Hours of Lead generation a day. You will probably be hearing a lot more from me so you can help in my quest to 50mill!
Here is a letter and your quotes! More Later!!!
Here is a recent article I found on InmanNews.com (written by Bernice Ross):
Laurence Yun, the chief economist for NAR, had plenty of positive news for Realtors
at last month's conference. Yun attributed much of today's subprime mortgage
Bear-Stearns-Troubles Nov-07 problem to greed. Wall Street wanted the 10-12 percent
return that subprime mortgages yielded as opposed to the smaller returns from more
traditional mortgage products. His take on the Wall Street types: "They gambled.
They lost."
Yun's outlook for 2008 sees a shift from greedy speculators to serious homeowners.
2008 will be a year of opportunity where there will be serious, healthy business.
Furthermore, Yun predicted that the market returns to normal by 2009.
According to Yun, one of the biggest mistakes that reporters make is talking about
national trends. Nationally, 2007 was the fifth best year ever on record. Home
prices declined about 1.5 percent after a 50 percent run up in prices.
The challenge is that national numbers are pretty much irrelevant. Yun argues that
talking about national averages is about as effective as having a national weather
forecast. Like the weather, all real estate markets are local. In fact, you may have
a buyer's market and a seller's market operating within a single market area based
exclusively upon price point. Here are the other key pieces of positive news from
Yun's economic report:
1. New housing starts: Even though these are dropping, there was too much building
in recent years. The market is simply adjusting to normal supply-and-demand
pressures. The inventory is "being controlled which makes stabilization occur more
quickly."
2. Foreclosures: According to Yun, the 41 percent increase in foreclosures has
resulted primarily from investor-heavy real estate purchases in Arizona, California,
Florida and Nevada. The majority of these individuals are flippers whose investments
did not payoff. More importantly, the number of foreclosures in Utah, New Mexico,
North Carolina and South Carolina is actually declining.
3. Under-priced markets and superstar cities: Although the coastal markets are still
overpriced, Middle America is under priced. Nevertheless, Yun cites a new trend
termed, "superstar" cities. These cities will command premium prices, regardless of
what the market does. There is so much wealth concentrated in these areas, that
measurements are simply not predictive. In addition to London, Paris, Tokyo and New
York, Yun also identified San Francisco, Miami and Seattle as potential new
superstar cities.
4. The recovery has started: Other than the three states hit heavily by job losses
in the automotive industry (Indiana, Michigan and Ohio), the states that first
experienced a downturn in the Northeast, are now in recovery. Specifically,
Connecticut, Massachusetts, New York and Rhode Island were the first to feel the
slump and are now well into a recovery. Furthermore, there appears to be a pent-up
demand for first-time buyer properties due to a large number of Gen Ys (born 1977 to
1994) that are now buying their first homes. Falling interest rates will motivate
many of these buyers to step into the market now.
5. New jobs and corporate profits are still strong: Corporate profits are still
strong with companies as diverse as Microsoft and Jack Daniels reporting close to
record profits. Furthermore, the economy has generated 4 million net new jobs and
wages are rising.
6. A weak dollar may harbinger more foreign investment in U.S. real estate
Although the decline of the U.S. dollar will end up costing us more when we go
overseas or purchase imports, it has resulted in more manufacturing jobs returning
to the U.S. It also may mean more foreign investment in U.S. properties as well.
Just a few years ago, the Canadian dollar was only worth 70 cents in U.S. currency.
Today, the Canadian dollar has been hovering at about $1.05 to $1.10 U.S. What this
means is that we can expect more Canadians and Europeans to be purchasing U.S.
property, because our prices are approximately 50 percent cheaper than they were
just three years ago.
7. Real estate: Still the best shelter: For those agents who represent reluctant
first-time buyers, Yun points to some interesting research from the Federal Reserve.
Between 1995 and 2004, the average renter accumulated $4,000 in wealth. In contrast,
the average homeowner accumulated $184,400. Furthermore, the typical homeowner holds
their property for six years. Within this period of time, NAR's research shows that
approximately 97 percent of the homeowners will have a positive equity position
after that period of time.
Bottom line: 2008 represents the best window that buyers will have to find excellent
deals with excellent financing. Get the word out there. If they wait, prices and
interest rates will be higher and the reluctant buyer may be forced out of the
market.
"Salesmanship is an American specialty. It typifies the competitive
spirit of our economy. Nowhere else in the world have so many executives
come up through the selling ranks. "
-- Robert Whitney, financial executive
"I try to do the right thing at the right time. They may just be little
things, but usually they make the difference between winning and losing."
-- Kareem Abdul-Jabbar, basketball player
"Heights were made to be looked at, not to be looked from. "
-- G.K. Chesterton, writer
"Great deeds are usually wrought at great risks. "
-- Herodotus, historian
"Try not to become a man of success, but rather a man of value."
-- Albert Einstein, scientist
"Goals provide the energy source that powers our lives. One of the best
ways we can get the most from the energy we have is to focus it. That is
what goals can do for us: concentrate our energy. "
-- Denis Waitley, motivational coach
"The world is more malleable than you think, and it's waiting for you to
hammer it into shape. "
-- Bono, musician
"You have to pretend you're 100% sure. You have to take action; you
can't hesitate or hedge your bets. Anything less will condemn your
efforts to failure. "
-- Andrew Grove, Intel co-founder
Wednesday, January 2, 2008
My life as a Realtor
Don't Ever Use Metro City Mortgage! It Sucks! I finally closed on that property New Years Eve and they still haven't funded. Got another home under contract today. Should have a few more listings in the next few days. On my way to $50 Mill.
"Move out of your comfort zone. You can only grow if you are willing to
feel awkward and uncomfortable when you try something new."
-- Brian Tracy, Author
"How am I going to live today in order to create the tomorrow I'm
committed to?"
-- Anthony Robbins, Motivational Speaker
"To be successful, you have to be able to relate to people; they have to
be satisfied with your personality to be able to do business with you
and to build a relationship with mutual trust."
-- George Ross, Star of The Apprentice with Donald Trump
"Happiness lies in the joy of achievement and the thrill of creative
effort."
-- Franklin D. Roosevelt, Former U.S. President
"The point to remember about selling things is that, as well as creating
atmosphere and excitement around your products, you've got to know what
you're selling."
-- Stuart Wilde, Self Help Author and Lecturer
"A visionary company doesn't simply balance between preserving a tightly
held core ideology and stimulating vigorous change and movement; it does
both to an extreme."
-- Jim Collins, Business Consultant
"You cannot control what happens to you, but you can control your
attitude toward what happens to you, and in that, you will be mastering
change rather than allowing it to master you."
-- Brian Tracy, Author
"A man's doubts and fears are his worst enemies. "
-- William Wrigley Jr., entrepreneur
"The man who can drive himself further once the effort gets painful is
the man who will win. "
-- Roger Bannister, runner
"Courage is what it takes to stand up and speak. Courage is also what it
takes to sit down and listen. "
-- Winston Churchill, British prime minister
"The nine most terrifying words in the English language are, "I'm from
the government, and I'm here to help." "
-- Ronald Reagan, 40th U.S. president
"If you're not failing every now and again, it's a sign you're not doing
anything very innovative. "
-- Woody Allen, director
"Those who are not looking for happiness are the most likely to find it,
because those who are searching forget that the surest way to be happy
is to seek happiness for others. "
-- Martin Luther King Jr., clergyman
"Move out of your comfort zone. You can only grow if you are willing to
feel awkward and uncomfortable when you try something new."
-- Brian Tracy, Author
"How am I going to live today in order to create the tomorrow I'm
committed to?"
-- Anthony Robbins, Motivational Speaker
"To be successful, you have to be able to relate to people; they have to
be satisfied with your personality to be able to do business with you
and to build a relationship with mutual trust."
-- George Ross, Star of The Apprentice with Donald Trump
"Happiness lies in the joy of achievement and the thrill of creative
effort."
-- Franklin D. Roosevelt, Former U.S. President
"The point to remember about selling things is that, as well as creating
atmosphere and excitement around your products, you've got to know what
you're selling."
-- Stuart Wilde, Self Help Author and Lecturer
"A visionary company doesn't simply balance between preserving a tightly
held core ideology and stimulating vigorous change and movement; it does
both to an extreme."
-- Jim Collins, Business Consultant
"You cannot control what happens to you, but you can control your
attitude toward what happens to you, and in that, you will be mastering
change rather than allowing it to master you."
-- Brian Tracy, Author
"A man's doubts and fears are his worst enemies. "
-- William Wrigley Jr., entrepreneur
"The man who can drive himself further once the effort gets painful is
the man who will win. "
-- Roger Bannister, runner
"Courage is what it takes to stand up and speak. Courage is also what it
takes to sit down and listen. "
-- Winston Churchill, British prime minister
"The nine most terrifying words in the English language are, "I'm from
the government, and I'm here to help." "
-- Ronald Reagan, 40th U.S. president
"If you're not failing every now and again, it's a sign you're not doing
anything very innovative. "
-- Woody Allen, director
"Those who are not looking for happiness are the most likely to find it,
because those who are searching forget that the surest way to be happy
is to seek happiness for others. "
-- Martin Luther King Jr., clergyman
Wednesday, December 26, 2007
My Life as a Realtor
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)
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)
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."
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