Say thank you with local florist

Feature post from Joan Sinatra

You can stand out as an investor that cares by sending congratulatory and good luck plants or florals to your new tenants. Let them know how much they are appreciated and they in turn will feel more welcome. You'll be pleasantly surprised how inexpensive sending move-in gifts can be, and the return….priceless.

 

As an investor helping your property manager show the full potential for a property is key. Having a floral and interior-scaping professional you can count on is as important as presenting a clean and well staged space. In a furnished space, whether a home setting or office situation, a few strategically placed fresh floral’s or plants can liven up a room. By bringing life into the room, it allows a client to see themselves living or working there too. Flowers and plants are a large part of the staging process and make your property look more appealing than your competitors.

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 Your property can have that wow factor when being shown, with a simple phone call to Sinatra’s Flowers & Design Center. We will keep a photo log of the floral style you prefer on file so that your signature look is represented time after time. At Sinatra’s Flowers, we offer on site set up for your real estate showings, as well as cash and carry pickups for those last minute appointments. Call us at 455-1551 or visit our website http://www.sinatrasflowers.com/

 

 

 

 

 

 

 

 

 

 

Existing Home Sales Leap To 2-Year High

Guest post by Chris Brown

The home resale market put forth another strong data set last week. Home sales prices are higher nationwide and sales volume has moved to a 2-year high.

According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.

An existing home is a home which has been previously occupied.

Home sales were unevenly split across price tiers, with more than half of all homes selling for less than $250,000. This suggests that the first-time home buyers and real estate investors continue to be active in today’s market as a foundation for growth is built.

According to the Existing Home Sales data :

·        First-time buyers accounted for 31% of all home sales

·        Real estate investors accounted for 18% of all home sales

·        Other, repeat buyers accounted for 51% of all home sales

Also noteworthy is that “distressed homes” accounted for the smallest percentage of overall home sales since the real estate trade group starting tracking such data.

In August, homes in various stages of foreclosures accounted for 12% of all sales and sold at an average discount of 19 percent below market value. Short sale homes accounted for 10% of all sales and sold at an average discount of 13 percent below market value.

Of all the data in the August Existing Home Sales report, though, perhaps most relevant to today’s buyers is the shrinking national housing supply.

At August’s end, there were 2.47 million homes listed for sale nationwide, a three percent increase from the month prior. However, because the pool of available home buyers is increasing more rapidly than the number of homes for sale, housing supplies fell 0.3 months to 6.1 months.

This means that at the current pace of sales, the entire housing supply would be sold by March 2013.

For today’s home buyers, home affordability appears poised to worsen. Mortgage rates and home prices remain low today, but market conditions like these rarely last long. Talk to your real estate agent about what options you have ahead of you. 2012 is coming to a close.

By 2013, the housing recovery may be fully underway. 

Chris Brown, Certified Mortgage Planners 407.367.2974 / Chris@cmpFL.com

Renting a Home After Short Sale or Foreclosure

With all of the short sales and foreclosures taking place borrowers are wondering how to rent with bad credit. Prospective Tenants have their credit pulled as part of the application process. Prior to the real estate anomaly, a low credit score would result in being declined, however, with the over whelming number of people losing their homes in short sales and foreclosures, owners and property managers find themselves making concessions.

In a post How to Rent a Home if You Have Bed Credit, Tamara Holmes reported, “According to a recent survey by Rent.com, 81 percent of property managers have seen a decline in the credit worthiness or credit score of prospective renters, and due to the shift, 43 three percent of landlords reduced their credit policy standards in order to fill vacancies.”

I realize many of the people who have lost their homes are good people who just hit hard times. If a prospective tenant just has a blip on their credit report associated to a distressed sale situation and no derogatory or criminal issues, I go to bat for them with our owners. What prospective tenants need to understand is, owners are the ones that approve or decline. I have to say, most of the people who I have rented to that have come from a distressed sale have turned out to be some of my best tenants.

Prospective tenants should have a letter prepared explaining their situation and expect to pay first and last month’s rent, along with a security deposit, along with having, references you can provide.

We do our very best to help folks coming out of mortgage misery. You can search for rental properties at Rent With Karen