November 27, 2008

Happy Thanksgiving

I wanted to express my gratitude on this Thanksgiving day.  Forgive me for being cliche but my heart is full of gratitude for the blessings I have. 

I wont bore anyone with all the details, if it isn’t too late already, so I am most grateful for family relationships.  I was only able to be with 2 of my 5 children today.  I miss the ones that had other obligations and I can handle that.  I look forward to the occasions we can all be together.  Those moments are getting more rare, but at the same time, more precious. 

I hope you all had a wonderful Thanksgiving.

 

Filed under: Real Estate — Susan @ 6:42 pm




November 26, 2008

“Virtual Tours”

 

I have been doing a lot of MLS searches for clients lately.  I find myself bothered that so many agents are now using the “virtual tour” products.  I think these are a very nice feature, but I find myself getting very frustrated when trying to just do a quick search for my clients. 

They take such a l…o…n…g t…i…m…e to load and then, I don’t want to watch a 15 minute video.  I want to get in, look at a few pics, and get out–get back to my search. 

There are so many different virtual tour products out there now that I have a hard time finding the “just interior pics” on each one.  I was using one today that I finally found the pics I could snap through, but it kept flipping me back to the beginning.  I wanted to scream. 

I keep hearing that sellers love the virtual tours.  It makes them feel like their agent is doing a “better” job. 
I hear that other agents hate them. 

What I need to know is, DO BUYERS LIKE THEM???

I believe that buyers are like me.  When they are looking initially, they want to get in and out, fast.  

THEN, when they find an interesting home, they want to see more of that home, hence; that is when, and only then, do they want to take the time waiting for the virtual tour to load and to take 15 minutes to watch the camera pan slowly around 12 rooms.

Please give me your input on this one.  Someone should commission a poll.

My vote is:  Have 2 options on the MLS–the quick, 12, scroll down version that the MLS provides
and
a virtual tour choice. 

Then buyers and agents can choose the version that fits their time schedule best. 





November 20, 2008

Contest Ends

I have chosen a winner for the Twilight tickets.  I will post the name later.  Thanks for your support, thanks for reading my blog.  Look for more rewards like this in the future.  I appreciate you. 

Filed under: Real Estate — Susan @ 9:43 am




November 19, 2008

Smart Moves

Many buyers are waiting to see what happens to the market before they move.  This is actually a good time to buy.  Investors know this is a great time to buy and they are out there, taking advantage of the better buys, seller incentives, increased inventories, lower interest rates, etc. 

While buyers are waiting for the market to improve…waiting for more buyers to step in and start competing for the same houses they will want, waiting for sellers to feel less motivated because competition for their homes is increasing, waiting for interest rates to possibly come down more than they have…or go up because they are already historically low,  etc., they are choosing to rent in the meantime. 

Rents are up and good rentals are getting harder to find.  Potential buyers are competing for limited rental units.  Landlords can be pickier about who they are willing to rent their properties to. 
An important consideration for property investors is to choose the right tenants.  Finding someone who will not tear the property down and devalue their investment can often be tricky. 

Doing a background check is becoming a must.  The following link is a great tool for landlords.  I hope this is helpful.   

 

  • TransUnion SmartMove is a convenient and secure way for landlords and their potential renters to complete a tenant credit and background search. It’s all online and takes just a few minutes. SmartMove provides landlords with a leasing recommendation as well as access to a tenant’s credit report and national criminal record result. And it gives renters a more secure way to authorize access to their credit and criminal history because there’s no need to provide landlords with personal identifying information such as social security and account numbers.
  • Check it out! http://ucaor.mysmartmove.com/index.aspx
Filed under: Real Estate — Susan @ 10:21 am




November 17, 2008

Foreclosure Story–Don’t Wait

I heard a story today from a lender that goes along with my last post on Notice of Default. 

This lender had a friend that took out a construction loan on a spec home.  The project went over budget and the builder filed bankruptcy leaving this guy holding the bag.  The bank foreclosed on the spec home.  This man had put his own home up as collateral on the construction loan so the bank started the foreclosure procedure on his home as well.   I do not know what the man tried to do during the 90 days following receipt of the Notice of Default but, 14 days before the the Trustee Sale, this man called my friend, the lender, and asked for help to refinance his home.  It was too late! 

This man waited too long to explore his options and ended up losing $170,000 equity in his home. 

The minute you receive a Notice of Default, you have to move fast to find a solution.  There are often solutions but time is short. 

Once you receive the Notice of Default, you typically have 90 days to work out repayment.  After 90 days, you have about 15 more days before the Trustee Sale but typically it is too late at this point.  They will not usually accept payments after the 90 days. 

I did hear today also that CitiMortgage is not going to foreclose on any homes for a while.  They have committed to work with their borrowers instead of taking their homes.   That is great news and I commend CitiMortgage for taking such a bold stand on helping people keep their homes. 

Filed under: Real Estate — Susan @ 7:15 am




“Twilight” Movie Ticket Contest

Have you been waiting for the movie “Twilight”? 

I am giving away two tickets to “Twilight” the movie.
The tickets are good 
November 21 at 3:00 p.m.
 at the
Provo Towne Center Mall Theater

I am giving these tickets away. 
If you would like them, please:
 

Email me at susan@susanjackson.net

Subject line should say:  Twilight Tickets Please

The message should have your Name, Phone Number, and Address

I will draw a winner randomly from all received requests. 

You must live within driving distance to the Provo Towne Center Mall Theaters and
you are responsible for your own transportation.  
If you live outside of Orem, Utah,
you may be responsible to pick up the tickets in Orem 
before November 21. 

 You are under no obligation to attend this event,
participation is
voluntary and you assume any and all risk if you attend.

 Time and place many not be substituted
I reserve the right to cancel this drawing or change the rules at my own discretion

Filed under: Real Estate — Susan @ 3:55 am




November 16, 2008

“Twilight” Free Movie Ticket Give Away

Have you been waiting for the movie “Twilight”? 

I am giving away two tickets to “Twilight” the movie.
The tickets are good 
November 21 at 3:00 p.m.
 at the
Provo Towne Center Mall Theater

I am giving these tickets away. 
If you would like them, please:
 

Email me at susan@susanjackson.net

Subject line should say:  Twilight Tickets Please

The message should have your Name, Phone Number, and Address

I will draw a winner randomly from all received requests. 

You must live within driving distance to the Provo Towne Center Mall Theaters and
you are responsible for your own transportation.  
If you live outside of Orem, Utah,
you may be responsible to pick up the tickets in Orem 
before November 21. 

 You are under no obligation to attend this event,
participation is
voluntary and you assume any and all risk if you attend.

 Time and place many not be substituted
I reserve the right to cancel this drawing or change the rules at my own discretion

Filed under: Real Estate — Susan @ 5:54 am




November 15, 2008

Free Movie Tickets, “Twilight”

Have you been waiting for the movie “Twilight”? 

I am giving away two tickets to “Twilight” the movie.
The tickets must be used
November 21 at 3:00 p.m.
 at the
Provo Towne Center Mall Theater

I am giving these tickets away. 
If you would like them, please:
 

Email me at susan@susanjackson.net

Subject line should say:  Twilight Tickets Please

The message should have your Name, Phone Number, and Address

I will draw a winner randomly from all received requests. 

You must live within driving distance to the Provo Towne Center Mall Theaters and
you are responsible for your own transportation.  
If you live outside of Orem, Utah,
you may be responsible to pick up the tickets in Orem 
before November 21. 

 You are under no obligation to attend this event,
participation is
voluntary and you assume any and all risk if you attend.

 Time and place many not be substituted
I reserve the right to cancel this drawing or change the rules at my own discretion

Filed under: Real Estate — Susan @ 6:54 am




November 14, 2008

Notice of Default? Don’t Give Up!

Foreclosures are up across the country.  Utah usually ranks higher than average in foreclosure rates.  At this time, we have moved closer to the bottom.  That is good news.  That means that the rest of the country is experiencing higher foreclosure rates than normal but Utah’s rate has remained steady.  This shows that we are not being affected by the same problems plaguing the rest of the nation.   While I am not saying that we are doing well in foreclosure rates, I believe our problems are based on some other phenomenon than the current “mortgage crisis”.

 However, I am concerned with the way people react when they do  receive that “Notice of Default”.   Too many people do not realize they still have options and give up.   They start packing up and walk away without trying to keep their home.  This is a mistake.  Many homeowners do not have to lose their homes just because they have received a Notice of Default. 

Having a foreclosure on your credit report can be devastating.  It takes years to repair.  If you can successfully sell your home before the bank takes it over, you can save yourself years of touble and heartache.   Once you have received the Notice of Default, you typically have about 90 days to remedy the situation.  Banks are foreclosing so many homes at this time that you may have even more time to find an better solution than foreclosure.  Options may include selling the home, short sale, defer payments, etc.  

If you have received a Notice of Default, don’t waste time.  Call a professional and find out what your options are.  I would be happy to  offer any suggestions and help you get in contact with those that may be able to help.  Feel free to call me. 





Attention “Twilight” Fans — Free Movie Tickets!!

 

Have you been waiting for the movie “Twilight”? 

I am giving away two tickets to “Twilight” the movie.
The tickets are good 
November 21 at 3:00 p.m.
 at the
Provo Towne Center Mall Theater

I am giving these tickets away. 
If you would like them, please:
 

Email me at susan@susanjackson.net

Subject line should say:  Twilight Tickets Please

The message should have your Name, Phone Number, and Address

I will draw a winner randomly from all received requests. 

You must live within driving distance to the Provo Towne Center Mall Theaters and
you are responsible for your own transportation.  
If you live outside of Orem, Utah,
you may be responsible to pick up the tickets in Orem 
before November 21. 

 You are under no obligation to attend this event,
participation is
voluntary and you assume any and all risk if you attend.

 Time and place many not be substituted
I reserve the right to cancel this drawing or change the rules at my own discretion

Filed under: Real Estate — Susan @ 8:08 am




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