Things are changing daily and weekly in ANY real estate market and the best analogy I have found is that real estate is just like the weather, it’s very local in nature. What is true for one zip code or neighborhood isn’t the same for one down the road. Commercial development, road construction, school zone changes, rates of bank owned homes all can change resale numbers and price per square foot valuations on properties.
Our local Jacksonville/Onslow County/Eastern NC market is affected by these changes as well as the rate of plus ups or cut backs of military bases. We are blessed with a ton of new construction on Camp LeJeune (new ranges and more, and increased treatment options for wounded warriors and retirees at the local Naval Hospital) and MARSON base improvements as well as new assignments to MCAS New River . . .we aren’t sure what the future holds but we can read market indications and prepare any client to move best with the flow of the market so things are advantageous as possible for the most beneficial outcome.
Cheers to changes and preparing as best we can!
ww.youtube.com/watch?v=ETy8pHWhVlE (in case you need a soundtrack)
Realtors, as a general rule, are folks that as a collective, don’t posses the personality to be locked in a conference room for the duration of a day. . .we’re doers, connectors and terminal fidgeters.
Learning how to marry MANY multiple programs- and if you haven’t met me yet, technology makes me want to poke my eye out on a GOOD day. Hopefully, creating some systems and organization to help things move along smoothly as I get a little busier with family life and leave NONE of you in the lurch.
Back to death by power point. . .and allowing myself a second (gasp) full sugar and full caffeine soda so I can hang with the big dogs today.
A local Marine wife has created a fantastic website and has a legion of followers. www.Hip2Save.com
(In the spotlight of the local paper today, check out the link here http://www.jdnews.com/news/collin-92062-tlc-morgan.html . )
She’s bubbly, approachable, fun, can make it all make sense. . .and, possibly even more importantly, cool. My mother has been a coupon nut for years. There have literally been calls from Walgreens to squeal about free mascara or a shopping bag of shampoo and conditioner that only set her back three dollars. For her, it’s the thrill of the hunt and what Collin calls “coupon stacking.”
Depending on which study your favorite trusty search engine pulls up for you, the average “couponer” can save an average of twenty-five dollars a week, about a hundred a month. . .which, at year’s end of course adds up! I think some of Collin’s tactics will have you even more back in black. Give it a whirl, the worst you can do is save money in the process! And yes, that’s an AC/DC reference in a coupon article, see, told you it’s getting cooler.
May 14, 15th and FREE entry. New River Air Station hosts this year located just off of highway 17 South of Jacksonville, North Carolina. Guest parking will be clearly marked. Check out the link for great videos and additional information.
Something sort of new in our Jacksonville/Onslow County area market is real estate auctions. One took place this morning on Pollard Drive. About twenty folks attended the event on the home’s front lawn with the proerty going for 77,000. Homes in this development, depending on condition and heated square footage normally sell in the ball park of 130,000-140,000. The home wasn’t in fantastic shape; as a rule of thumb, if folks can’t pay their mortgage, they aren’t doing general maintenance or repairs as needed (I suspect, market value of supplies and labor on repairs in the 20-30k range). So, the home had to be paid for, cash. The repairs, cash unless you are your own repair person or working with one as a team and you must hang on to the property for 120 days as per new “flipping” regulations. So, this isn’t a fantastic match for everyone but, if you’re interested, I can obtain a list of bank owned homes for you, free of charge, no catch, however, I’d like to make sure it’s a viable option for you.
I get lots of questions as a Real Estate Broker regarding bank owned/reo properties. There’s lots of talk about buying these distressed properties which somtimes can be a great value, however, in many instances, the type of money (cash, mortgage, etc.) you can purchase the property varies. Many moons ago lenders and investors were trying to sell the property for what was owed on the note, which, in a round about way you can still find these properties but generally only when there is a tax lien on the property. . .in which case it’s a cash only transaction. Short sales, auctions, and conventional sales, I’m sure you have a million questions. I’d love an email and would be happy to answer and hopefully, make the process make a little more sense.
There’s one more area auction for a home on Warlick in downtown Jacksonville on December 8th. If you’re interested in this home, check http://williamsauction.com/Search/mySearch.aspx?keyword=28540&p=1.1 for more info on time and location. If you’d like more info on other homes, please check out www.910homes.net or email me for a custom search of homes that are tailor made for you.
Orrrr. . .how helping lots of people for free reminded me how much I love what I do.
Maybe it’s the change of the season, the exhasuting heat finally lifting, the kids off to school, and work slowing a bit. . .or simply being tired from a long hot summer move/selling season for your resident Realtor (I have “Dog Days are Over” by Florence + The Machine playing now on my itunes, case in point). I was going through two sets of clothes often in a day minimum, sometimes three if you average in a gym session. . .and frankly, pretty dang burned out. . .enter a post eleven pm (my cut off on “work” calls and switch to strictly personal time. . .I’m sans hubby and kids at this stage of my life, surely, this will not be popular once that happens) call from a girlfriend in the Pacific Northwest working on a condo purchase. She was there, without her husband, trying to purchase a condo for them as a conclusion of a less than fun cross country move for her and four dogs and before he returned from overseas. She’s thrilled her real estate pal on the East Coast, who can offer advice, took her call after three glasses of wine and a fantactic dinner and stayed on the phone even after it was clear there’d be no fantabulous dog at a truckstop anecdotes.
She’s changed her mind, what to do? Two hours and several glasses of unsweet tea later my lap was hot from the whiring of my laptop. . .and she was ready to face the next morning and felt a lot less out of control. We did pro and con lists on the home she chose, what could be but probably wasn’t wrong with the three year old unit, what her options to get out were and what impact if any it would have on their bottom line and moving on to the next possible home. The next morning, a thank you text from her that said “Thanks for sparing me the mamby-pamby “how does it make you feel?” schpiel. . .I needed someone to say “don’t do that, you might get sued” or “here’s a way to do this that won’t suck later””. . .and she sent me a nice bottle of wine.
Her call sent off some sort of weird vibration in the universe and on random duty calls in the last month, had more than one client from out of state, asking lots of questions on complex transactions they were unsure of. I started to remember why I really dig my job, well, lifestyle (frankly, I get more post eleven pm calls/texts for work than from boys which is one of several reasons I think it makes it more a liefstyle).
I hope if you’re in a funk, losing focus, feeling a little like you’re going forty in a forty-five with AARP members behind you glaring. . .make an effort to kick yourself in your pants. Go to the bokstore, wander until you find something that inspires you, go for a long drive, go for the phone when it rings in off times. . .it could be your chutzpah calling.