Tuesday, July 24, 2012
Tyler Homes & Tyler Homes for sale ~ 10 Lessons to Learn as the Housing Market Recovers
10 Lessons to Learn as the Housing Market Recovers
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by Shy Shinalt Tyler Homes Keller Williams Tyler Texas (TX),
Headlines abound: The Housing Bust is over… In June, a survey of economists concluded that housing has hit bottom. homeowners and renters, Americans, and citizens of the world all are sighing with collective relief. The economy and housing values both have cycles. It has been more than eighty years since the difference between the top and the bottom was so great.
As Realtors®, we are relieved that we are at the bottom, but we are realistic with the changes in the market and our work. In the not too distant past, the overwhelming majority of our work was prior to sales agreement, now it can be after. In that same time, most transactions closed. The”fallout rate” was nonexistent. Most sobering is what is now required to get to closing and how many things can derail a transaction for a “willing, ready, and able” buyer.
So we are cautiously engaging the new reality, but first we need to pause. If we do not learn from history, we are bound to repeat it. We do not want to repeat the last ten years. So what are the lessons we should learn? Here are 10 lessons that come to mind:
- The economy cannot recover without housing.
- Everyone needs shelter, but not everyone needs to own their shelter.
- High homeownership rates are important but they must be sustainable.
- Home prices go up and go DOWN.
- The process of purchasing /financing a home is more complicated.
- Sound underwriting of mortgages is critical.
- Home equity should not be used for ordinary living expenses.
- Financial reserves for family, companies, and countries are necessary.
- Homeowners confidence in the economy is directly related the value of their own homes.
- The economy is global.
What lessons did the last decade teach you? We would love to know what you learned from the last cycle.
What is important is that we remember what happened as we prepare to write the future. Most importantly, we should also have a sense of accomplishment that we endured these life lessons.
There are seasons in the weather: spring, summer, fall and winter. So there are in economic cycles. It is great to be at the thaw of winter and the budding of spring.
Shy Shinalt
903.533.8114
Tyler Homes Tyler Texas ~ Tyler Homes for sale
We offer our services in Tyler Tx homes,Ben Fitzgerald Real Estate Services, Tyler homes for sale, Tyler real estate, Tyler TX homes for sale, Tyler Texas homes for sale, Tyler houses for sale, Tyler houses, 'Tyler, Texas homes, real estate, residential, real, estates, homes, houses, TX, Texas real estate, for sale, sales, for, buyers, Smith County, County, property, properties, Realtors, ocean, city, homebuyers, househunt, land, condominiums, townhomes, townhouses, single family residence, golf, resorts, mountain, oceans, beaches, mls, lakes, condos, lots, vacation, realty, second homes, new construction, buy, agents, brokers, newer, older, luxury, large, huge, expensive, multi, million dollars, high, listing database, HomeFinder, Tyler, TX homes for sale, Tyler, TX properties, Tyler, TX real estate, Tyler Listings, Tyler FSBO Tyler, TX Homes for Sale & Real Estate | Homes.com, Pamela Walters offers Tyler Texas Real Estate, Tyler TX Real Estate, Tyler TX Real Estate For Sale, and more. "Tyler Texas Real Estate, Tyler TX Real estate, Tyler TX Real Estate for sale, real estate tyler tx, Cascades, we thank you very much for choosing Keller Williams
Thursday, July 19, 2012
Monday, July 16, 2012
Saturday, March 3, 2012
Selling? Tell it like it is....
If you’re selling your house, why would you tell potential buyers about the stuff that’s wrong with it? Caveat emptor, right? Not so fast.
Letting the buyer fend for himself may work fine when selling your eight-track player on Craigslist, but it’s a terrible idea for a homeseller.
For starters, it’s against the law. In Texas, as in many other states, you have an obligation to disclose known problems to potential buyers. There’s even a form you must fill out.
Occasionally, though, a seller decides not to tell what he knows about the property’s shortcomings. I know this happens because I’ve read summaries of the court cases. See … while a person may not care enough to sue if he buys a used stationary bike with undisclosed flaws, things can quickly escalate to a lawsuit when a purchase in the six-figure range is based on misinformation (or missing information).
Your Texas REALTOR® can advise you how to fill out a seller’s disclosure form, who is exempt from doing so, what types of disclosures are not required, and when it’s a good idea to disclose those items anyway.
Shy Shinalt
Keller Williams Tyler Texas
Sunday, February 12, 2012
Why Smart trust = Smart Business
Imagine pitching this start-up company to a potential investor: “It’s like a giant yard sale where people purchase used clothes, electronics, even cars from total strangers based solely on the seller’s description and pictures. It’s open 24/7/365, and will attract visitors from around the world.”
Sounds ludicrous, right?
Actually, it’s spot on. Today, eBay is a $35 billion company with over 235 million registered users, engaged in over one million transactions a day. And, according to Stephen M.R. Covey and Greg Link, authors of the new book Smart Trust Creating Property, Energy, and Joy in a Low-Trust World, it’s because when you really look at the company and its founder Pierre Omidyar’s business plan, trust is at the helm.
“People everywhere are basically good,” states former eBay CEO Meg Whitman. “We provided the tools and reinforced the values, but our users built eBay. Our community’s willingness to trust eBay—and each other—was the foundation of eBay’s success.”
After reading an advanced copy of Covey and Link’s book, it’s easy to see how revisiting the idea that people are inherently good, holds some clout. Trust still works. And, even better, smart trust—not blind trust—means smart business.
Covey and Link are not touting naiveté —wear your heart on your sleeve; arms wide open, eyes closed shut, trust. Rather, the book challenges readers to be aware of the vast possibilities afforded when trust is reintroduced into business.
Shy Shinalt
Keller Williams Tyler ~ Tyler Homes
http://www.shyshinalt.com/
Actually, it’s spot on. Today, eBay is a $35 billion company with over 235 million registered users, engaged in over one million transactions a day. And, according to Stephen M.R. Covey and Greg Link, authors of the new book Smart Trust Creating Property, Energy, and Joy in a Low-Trust World, it’s because when you really look at the company and its founder Pierre Omidyar’s business plan, trust is at the helm.
“People everywhere are basically good,” states former eBay CEO Meg Whitman. “We provided the tools and reinforced the values, but our users built eBay. Our community’s willingness to trust eBay—and each other—was the foundation of eBay’s success.”
After reading an advanced copy of Covey and Link’s book, it’s easy to see how revisiting the idea that people are inherently good, holds some clout. Trust still works. And, even better, smart trust—not blind trust—means smart business.
Covey and Link are not touting naiveté —wear your heart on your sleeve; arms wide open, eyes closed shut, trust. Rather, the book challenges readers to be aware of the vast possibilities afforded when trust is reintroduced into business.
Shy Shinalt
Keller Williams Tyler ~ Tyler Homes
http://www.shyshinalt.com/
We offer our services in The Cascades, Cascades Tyler, Golf Resort, Country Club, Spa, seller financing, mansion, estate home, restrict, Home, listings, real estate, for sale, new condo, townhouse, agent, broker, mls, relocation, Tyler, Texas, lot, land, buyer, seller, Coldwell banker tyler, century 21 tyler, Tyler Real Estate, Flint Real Estate, Whitehouse Real Estate, Bullard Real Estate, Chandler Real Estate, Lindale Real Estate, Arp Real Estate, Lake Palestine Real Estate, Tyler Homes, Tyler Properties, Tyler Realtor, Tyler Real Estate Agent, Tyler, Flint, Whitehouse, Bullard, Chandler, Lindale, Arp, Lake Palestine, Smith County, real estate sales, buyer broker, buyers agent, Real Estate, multiple listing service, condo, condo conversion, townhouse, 1031 tax exchange, prequalification, mortgage loans, home locator, investment homes, investment properties, relocation specialist, residential, real, estate, residential real estate, houses, homes, Real Estate, estate homes, fine homes, multi-million dollar estate homes, multi-million dollar estates, foreclosure, reo, repo, bank repo, short sales, fixer, property, Realtor, Realtors, for sale, sale, buy, buyers, condominiums, townhomes, single family residence, view homes, duplex, duplexes, split levels, ranch style homes, single story homes, two story homes, RV access, pool homes, golf course view, ocean view, city lights view, nice neighborhood, era, we thank you very much for choosing Keller Williams
Saturday, January 28, 2012
Keller Williams
Are discount brokers good for the seller?
Are you really doing the right thing for your seller? Had an agent come to me this morning and we had a discussion on a home she just showed that was listed at a deep discount of 1% to the buyer’s agent. This is becoming more and more prevalent in the market today and while most feel it is a problem I feel it is something that will eventually blow up in the discounters face. After investigating the listing I came to a conclusion that the seller is being taken advantage of. You see our agent did the right thing and showed the home, but in the real world most agents would pass on this showing. I know we should show the home, but really why would another agent base their entire business plan on taking advantage of the entire real estate community? This home has already been on the market 180 days longer than any home in the neighborhood that sold in the last 2 years. Keeping in mind it’s a $550,000.00 home, that could be close to $ 30,000.00 in additional payments and taxes the seller has paid. That would be, ugh, 6% and it’s still not sold. Then take into account what negotiations might be like with a seller who is this “intelligent!” It reminds me of the saying;” a fool and his money are soon parted.” Or as W.C. Fields said, “they were lucky to get together in the first place!” Did the agent do the right thing? Clearly no, but when a seller uses a discount broker, they get what they paid for or dare I say deserve. In this case $30,000.00 in loses so far with no end in sight. http://www.shshinalt.com/
Shy Shinalt
KellerWilliams Tyler
http://www.shyshinalt.com/
We offer our services in Tyler Tx homes,Ben Fitzgerald Real Estate Services, Tyler homes for sale, Tyler real estate, Tyler TX homes for sale, Tyler Texas homes for sale, Tyler houses for sale, Tyler houses, 'Tyler, Texas homes, real estate, residential, real, estates, homes, houses, TX, Texas real estate, for sale, sales, for, buyers, Smith County, County, property, properties, Realtors, ocean, city, homebuyers, househunt, land, condominiums, townhomes, townhouses, single family residence, golf, resorts, mountain, oceans, beaches, mls, lakes, condos, lots, vacation, realty, second homes, new construction, buy, agents, brokers, newer, older, luxury, large, huge, expensive, multi, million dollars, high, listing database, HomeFinder, Tyler, TX homes for sale, Tyler, TX properties, Tyler, TX real estate, Tyler Listings, Tyler FSBO Tyler, TX Homes for Sale & Real Estate | Homes.com, Pamela Walters offers Tyler Texas Real Estate, Tyler TX Real Estate, Tyler TX Real Estate For Sale, and more."><meta name="keywords" content="Tyler Texas Real Estate, Tyler TX Real estate, Tyler TX Real Estate for sale, real estate tyler tx, Cascades, we thank you very much for choosing Keller Williams
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