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The Complete Idiot’s Guide to Selling Your Home

September 27, 2010

The Complete Idiot's Guide to Selling Your HomeIn today’s uncertain real estate market, sellers are deeply concerned with getting the most value for their home. Now more than ever, readers need books that will help them find the most effective ways to make their homes attractive to buyers, save money, and make the sales process easier. This unique guide will teach readers everything real estate agents and brokers know-and more!

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Where is the Shadow Inventory?

September 21, 2010

shadow inventory floridaWASHINGTON – Sept. 20, 2010 – For the last year, the real estate industry has been talking about shadow inventory and the coming flood of distressed properties. Where are they?

Here’s what’s happening, according to a recent paper by Alan Mallach, a senior fellow the Brookings Institution:

• Some delinquencies have been resolved through loan modifications or people working out the problems on their own.

• Banks are getting better at managing short sales.

• Investors are aggressively buying up properties, sometimes in bulk, directly from the banks or at courthouse auctions so they don’t hit the market.

The likeliest outcome, Mallach predicts, is a steady flow of foreclosures over a long timeframe that will prevent another crash in home prices – but it will probably lead to low or no appreciation in home prices for a while.

Source: The Wall Street Journal, Nick Timiaros (09/16/2010)

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Bill could speed up short sales

September 17, 2010

WASHINGTON – Sept. 17, 2010 – Homeowners underwater on their mortgage may find relief through a bill strongly supported by the National Association of Realtors®. The bill, if passed by Congress and signed by President Obama, would force lenders to respond to a short sale request within 45 days.

The legislation, H.R. 6133, “Prompt Decision for Qualification of Short Sale Act of 2010,” was filed yesterday in Congress by U.S. Reps. Robert Andrews (D-N.J.) and Tom Rooney (R-Fla.).

“The short sale, which requires lender approval, is an important instrument for homeowners who owe more than their home is worth,” says NAR President Vicki Cox Golder. “While the lending community has worked to improve the size and training of their short sales staffs, they still have a long way to go on improving response times. As the leading advocate for homeownership issues, NAR believes that quicker attention to the short sales process is vital to help homeowners … as well as the nation’s economy.”

The number of potential short sale properties is rising across the country. According to NAR data, in the second quarter of 2010, four states have a significant share of properties with short-sale potential: Florida has 27 percent, Nevada 32 percent, California 28 percent, and Arizona 24 percent.

“Unfortunately, homeowners who need to execute a short sale are severely hampered because lenders (loan servicers) are unable to decide whether to approve a short sale within a reasonable amount of time,” Golder said. “Potential homebuyers are walking away from purchasing short sale property because the lender has taken many months and still not responded to their request for an approval of a proposed short sale price. Many consumers have mentioned that the delay in short sale price approval exceeds 90 days, and in many cases never arrives.”

Golder says she commends Reps. Andrews and Rooney for their efforts on the bill and urges Congress to pass the bill quickly.

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Home Staging That Works: Sell Your Home in Less Time for More Money

September 13, 2010

Home staging That WorksSelling a home can be an emotion-laden process. Yet as real estate easily languishes for months in this down market, it’s time to readjust that attitude. Philadelphia real estate entrepreneur–designer Osborne solves the issue with a total transformation, or staging, a technique in existence since the 1970s. One warning, though: staging is a lot harder and more time-consuming than it looks. After all, it basically involves removing all traces of personality to transform a house into a visual story that a potential buyer can imagine living in. Her seven steps—target buyers, declutter, use color, create balance, focus, repair, and clean—are well explained and photographically illustrated; befores and afters dramatically depict the difference between a cluttered, unappealing bathroom with chipped tile and chokes galore and a clean-lined pedestal-sink-and-toilet-only room. In every chapter, each step is accompanied by very practical recommendations for the habits and preferences of four different ages of buyers (baby boomers and Generations Jones, Xs, and Ys). Tips include wonder cleaning aids like Goo Gone and magic erasers; fifteen plants for varying sun conditions; right boxes for the right purposes—and materials. Pragmatic advice that any and every home seller needs to memorize and follow.

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Palm Harbor Real Estate

September 9, 2010

0304-0607-0904-2553_tnAre you looking for a Realtor to help you buy or sell real estate in Palm Harbor, Florida?

Consider calling Chris O’Connor with Charles Rutenberg Realty for all of your home buying and selling needs in the Tampa Bay area. With close to 30 years of calling Tampa Bay my home I can comfortably say that I know this market inside and out.

And Palm Harbor, FL is one of my preferred markets!

Whether you’re looking for a luxury waterfront condo or a small 2-bedroom starter home…I’d love to help you find your next home or investment property.

Are you thinking about selling your home? You’re going to need a Realtor with experience, knowledge, ethics, discipline and a track record of successfully listing and selling real estate in both traditional sales and short sales. Please consider calling Chris today at 727-804-5319 to discuss your Palm Harbor real estate needs.

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Dunedin Real Estate

September 9, 2010

0304-0607-0904-2553_tnAre you looking for a Realtor to help you buy or sell real estate in Dunedin, Florida?

Consider calling Chris O’Connor with Charles Rutenberg Realty for all of your home buying and selling needs in the Tampa Bay area. With close to 30 years of calling Tampa Bay my home I can comfortably say that I know this market inside and out.

And Dunedin, FL is one of my preferred markets!

Whether you’re looking for a luxury waterfront condo or a small 2-bedroom starter home…I’d love to help you find your next home or investment property.

Are you thinking about selling your home? You’re going to need a Realtor with experience, knowledge, ethics, discipline and a track record of successfully listing and selling real estate in both traditional sales and short sales. Please consider calling Chris today at 727-804-5319 to discuss your Dunedin real estate needs.

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Florida Notary Public Maximum Fees

September 8, 2010

Florida Notary Public - FlagToday I was discussing Notary Public fees with a new Florida Notary Public and she was asking me about what she is legally allowed to charge for her notarial services. So I thought I’d make a post here in case other Florida Notaries have the same question. The state of Florida has set a legal maximum fee that a Notary Public can charge per notarial act.

Florida Notary Public Maximum Fee Schedule

  • Acknowledgments – $10
  • Certified Copy – $10
  • Taking Inventory of a Safe-Deposit Box – $10
  • Jurats – $10
  • Marriages – $30
  • Oaths and Affirmations – $10
  • Verifying a Vehicle Identification Number (VIN) – $20

Florida Notaries always have the option to charge any amount less than the legal limit which includes the right to charge no fee at all.

Travel Fees

Florida Notaries are permitted to charge a travel fee and this amount is not specified by law. Such fees are to be discussed beforehand and the amount agreed upon by both parties. The signer should understand that the travel fee is not stipulated by law and is a private arrangement completely separate from the authorized notarial fees described above.

I personally charge anywhere from $20 to $45 for a travel fee. I hope this information helps other Florida Notaries.

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Cabelo Salon in New Port Richey – Nathan Menzano

September 8, 2010

Cabelo Salon - Nathan MenzanoTrying to find Nathan Menzano from Cabelo Salon in New Port Richey? Nathan Menzano has left Cabelo Salon and has moved to:

Salon Ke-Lani
5320 Little Road
New Port Richey, Fl 34655

Phone:
(727) 372-0028

Nathan was a professional hair stylist with Cabelo Salon in New Port Richey in Pasco County up until recently when he felt it was in his best interest to move on to Salon Ke-Lani. At Salon nKe-Lani Nathan is able to grow and reach his full potential. Cabelo Salon is a great salon, but Salon Ke-Lani is even better, and Nathan is hoping to see all of his clients at his new location.

Nathan loves his clients and appreciates their loyalty. Please give him a call at 727-372-0028 to schedule your next hair appointment.

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Buying a Listing

September 5, 2010

Buying a ListingYou’ve decided to sell your home and you think you know what it’s worth. So you set up a few appointments with the local Realtors that have been mailing you their postcards for years. Each real estate professional provides a “Competitive Market Analysis” for you showing their opinion of the current market value of your home.

Oddly enough the first two Realtors have come up with probable sales prices similar to one another, yet below what you feel your home is worth. You’re quite frustrated. But then you meet with the third Realtor and he presents his Competitive Market Analysis which shows your home worth significantly more than the first two Realtors seemed to think it was worth.

If you’re like most people the news the third agent brings puts a smile to your face. You hire him on the spot. Clearly he is going to work harder for you to bring in top dollar for your home. If the first two agents had such a low opinion on the value of your home how are they going to negotiate and bring in the best and highest contract?

The third Realtor just engaged in a practice called “Buying a Listing”

He “bought” the listing by suggesting you might be able to get a higher sales price than the other agents recommended. More than likely he knows fully well you will never sell at the suggested list price. But he knows once he secures the listing (buys it!) he will probably be able to convince you to reduce the price over time.

Why do some agents buy listings?

Because it works. It is human nature to want to be around people that say things that make you feel good. The liar that tells you that your home is worth more than it really is worth is taking advantage of basic human psychology. He says what you want to hear, which makes you happy, and you hire him. Then, over time, he slowly breaks it to you that your home mysteriously isn’t attracting any buyers and he suggests repeated price drops.

As a Realtor who doesn’t believe in buying a listing I strongly suggest you don’t reward the liar by giving him or her repeated price reductions. His dishonesty and unethical behavior cost you time and money.

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Tampa Bay, FL Notary Public

September 1, 2010

notary_signing_imageI’m a Tampa Bay, FL Notary Public that will come to your home, business or any location you like to notarize your documents. Call Chris today at 727-804-5319 to discuss your notary needs.

The following are some of the more commonly requested documents people need notarized:

  • Power of Attorney
  • Medical Consent Form
  • Living Will
  • Divorce paperwork
  • Consent for Minor to Travel Aboard
  • Certifications
  • Affidavits

When we meet I’ll need to see identification to prove your identity. The following is a list of approved forms of identifications:

  • Drivers License
  • Military Identification Card
  • State Identification Card
  • Passport
  • Resident Alien Card

Whatever you need notarized I can help. Call Chris at 727-804-5319 if you have questions or would like to set up an appointment. I look forward to meeting you soon.

Consider me your Tampa Bay, FL Notary Public.

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