Showing posts with label Dublin Homes. Show all posts
Showing posts with label Dublin Homes. Show all posts

Wednesday, March 12, 2008

What's a CMA and Why Do I Need One?

CMA is real estate shorthand for "Comparative Market Analysis." A CMA is a report prepared by a real estate agent providing data comparing your property to similar properties in the marketplace.

The first thing an agent will need to do to provide you with a CMA is to inspect your property. Generally, this inspection won't be overly detailed (she or he is not going to crawl under the house to examine the foundation), nor does the house need to be totally cleaned up and ready for an open house. It should be in such a condition that the agent will be able to make an accurate assessment of its condition and worth. If you plan to make changes before selling, inform the agent at this time.

The next step is for the agent to obtain data on comparable properties. This data is usually available through MLS (Multiple Listing Service), but a qualified agent will also know of properties that are on the market or have sold without being part of the MLS. This will give the agent an idea how much your property is worth in the current market. Please note that the CMA is not an appraisal. An appraisal must be performed by a licensed appraiser.

The CMA process takes place before your home is listed for sale. This is a good assessment of what your house could potentially sell for.

CMAs are not only for prospective sellers. Buyers should consider requesting a CMA for properties they are seriously looking at to determine whether the asking price is a true reflection of the current market. Owners who are upgrading or remodeling can benefit from a CMA when it's used to see if the intended changes will "over-improve" their property compared to others in the neighborhood.

Tuesday, March 11, 2008

Just for Fun

I have been researching information on alternative products that work for a variety of reasons!

Did You Know That?
1. Drinking two glasses of Gatorade can relieve headache pain almost immediately -- without the unpleasant side effects caused by traditional "pain relievers."
2. Did you know that Colgate toothpaste makes an excellent salve for burns?
3. Before you head to the drugstore for a high-priced inhaler filled with mysterious chemicals, try chewing on a couple of curiously strong Altoids peppermints. They'll clear up your stuffed nose.
4. Achy muscles from a bout of the flu? Mix 1 Tablespoon of horseradish in 1cup of olive oil. Let the mixture sit for 30 minutes, then apply it as massage oil, for instant relief for aching muscles.
5. Sore throat? Just mix 1/4 cup of vinegar with 1/4 cup of honeyand take 1 tablespoon six times a day. The vinegar kills the bacteria, also try gargling with warm salt water.
6. Cure urinary tract infections with Alka-Seltzer. Just dissolve two tablets in a glass of water and drink it at the onset of the symptoms. Alka-Seltzer begins eliminating urinary tract infections almost instantly -- even though the product has never been advertised for this use. (Note:Alka-Seltzer PlusCold Medicine is not the same and contains aspirin, which can cause stomach bleeding if you have ulcers.)
7. Honey remedy for skin blemishes... Cover the blemish with a dab of honey and place a Band-Aid over it. Honey kills the bacteria, keeps the skin sterile, and speeds healing. Works overnight.
8. Listerine therapy for toenail fungus... Get rid of unsightly toenail fungus by soaking your toes in Listerine mouthwash. The powerful antiseptic leaves your toenails looking healthy again.
9. Easy eyeglass protection... To prevent the screws in eyeglasses from loosening, apply a small drop of Maybelline Crystal Clear nail polish to the threads of the screws before tightening them.
10 Coca-Cola cure for rust... Forget those expensive rust removers. Just saturate an abrasive sponge with Coca Cola and scrub the rust stain. The phosphoric acid in the coke is what gets the job done.
11. Cleaning liquid that doubles as bug killer... If menacing bees, wasps, hornets, or yellow jackets get in your home and you can't find the insecticide, try a spray of Formula 409. Insects drop to the ground instantly.
12. Smart splinter remover... just pour a drop of Elmer's Glue-All over the splinter, let dry, and peel the dried glue off the skin. The splinter sticks to the dried glue.
13. Hunt's tomato paste boil cure.... cover the boil with Hunt's tomato paste as a compress. The acids from the tomatoes soothe the pain and bring the boil to a head.
14. Balm for broken blisters... To disinfect a broken blister, dab on a few drops of Listerine .. a powerful antiseptic.
15. Heinz vinegar to heal bruises... Soak a cotton ball in white vinegar and apply it to the bruise for 1 hour. The vinegar reduces the blueness and speeds up the healing process.
16. Kills fleas instantly. Dawn dish washing liquid does the trick. Add a few drops to your dog's bath and shampoo the animal thoroughly. Rinse well to avoid skin irritations. Goodbye fleas.
17. Rainy day cure for dog odor... Next time your dog comes in from the rain, simply wipe down the animal with Bounce or any dryer sheet, instantly making your dog smell springtime fresh.
18. Eliminate ear mites... All it takes is a few drops of Wesson corn oil in your cat's ear. Massage it in, then clean with a cotton ball. Repeat daily for 3 days. The oil soothes the cat's skin, smothers the mites, and accelerates healing.
19. Quaker Oats for fast pain relief.... It's not for breakfast anymore! Mix 2 cups of Quaker Oats and 1 cup of water in a bowl and warm in the microwave for 1 minute, cool slightly, and apply the mixture to your hands for soothing relief from arthritis pain.
20. Get rid of Ants by spreading Baby Powder around the areas ants like to invade.

Monday, March 10, 2008

Timing Is Everything: When And How To Move

In the next few months making a move can become increasingly more complicated say industry experts.

"June to September is really known as the high season for the moving industry," says John Bisney, Director of Public Relations for the American Moving and Storage Association (AMSA).
It's a popular time because kids are out of school and people are trying to get the move done before the children have to return to class.

"So if you can avoid moving during June to September you're probably going to get better service and have more options," Bisney.

However, Bisney says, "If you do have to move between June to September, then it's better to move in the middle of the month and the middle of the week as opposed to doing it at the end of the month when everybody wants to do it."

AMSA certifies movers and holds them accountable to higher standards and a code of ethics. The association says most people don't take moving very seriously and they assume that everything will go alright. But Bisney says careful consideration is a must when moving.

"Because people don't move that many times, maybe it's their first move, or maybe it's been a few years since their last move, they will treat it as a less important decision than it needs to be given the fact that [movers] are going to have custody, at least temporarily, of all their belongings," says Bisney.

So, if you're gearing up for the big move, AMSA has some advice to simplify and ensure a smooth process. I spoke with Bisney about the top five consumer moving tips.
The most important thing to do is to start with a good foundation. Just like the purchase or sale of your home should involve experts who have your best interest in mind, hiring movers also requires thorough investigation of all your options.

"It really comes down to do a little bit of your own homework to make sure you're getting the best deal and that you're dealing with the right people," says Bisney.

Start by calling a few service companies. Bisney says consumers should be wary of over-the-phone and Internet estimates. "Get three written in-home estimates and when you do that, make sure you show the mover everything including anything in the attic, the basement, the garage, storage areas, etc. Typically two of the three estimates will be pretty close in price, in weight, and in service," explains Bisney. He adds, "We say to avoid movers who have unusually high or low bids; that might be a red flag."

Another important tip is to be cautious of any carriers or movers that are asking for a big down payment to either hold a date or reserve service. It's not that a down payment is uncommon in the industry rather it is how much money is being requested that could be a warning that something isn't right. "There's nothing wrong with asking for a reasonable small down payment just in case you cancel on them last minute. But it should not be hundreds of dollars," says Bisney.

"The moving business can be a very complex business and it has its own jargon," says Bisney. That's why making sure you ask plenty of questions. Don't leave things to chance. If you feel the moving company isn't being straight-forward with you then consider another option. Get all the details and information up front because you never know when you'll need to reach the company and the driver.

Make sure the movers have your cell number because you might be in transit too. It's good to have the drivers full name, and truck number that way you can call the company if something changes with your plans.

Take your valuables with you. Cash, important papers, jewelry, medications--anything that you really would never want anything to happen to should be taken with you or sent ahead with a traceable service carrier.

Where you are moving to also affects what you need to know. AMSA says if you're moving from one state to another be sure to get and read the required Inter-state shipment booklets/documents. Inter-state shipments are regulated by the Federal Motor Carrier Administration which has more regulations than for an Intra-state move.

Finally, know who you're dealing with and be sure you have investigated the company's reputation. This can be the most challenging thing to do for consumers who are frequently in a hurry and often leave moving details to the last minute.

A good way to find out more about a company is to go through associations such as AMSA. "We set certain standards and by being a member of our association, they have agreed to abide by them," says Bisney. While policing the entire 3,700 members isn't possible, Bisney says the association does its best to keep track of how its members are conducting business.

"We offer a certified moving consultant credential that means that you adhere to certain ethical conduct and that you represent fundamental competency in terms of moving household goods," explains Bisney.

Movers go through an application process, pass a certification exam, sign a code of conduct, pay annual dues to the association, and are required to participate in an annual re-certification process to keep their certification status.

Making a move doesn't have to be a headache if you take some time to plan ahead. So while you're home is sitting on the market, don't fret about when it's going to sell, instead do your due diligence and get ready for the big move.

Broker Outreach

Bay East Association of REALTORS is sponsoring a Broker Outreach for brokers and office managers. Should they plan to attend the Bay East Broker-Manager Outreach Meeting and Luncheon on Monday, March 31, 2008 from 11:30 a.m, to 1:30 pm in the Bay East Conference Center.
  • Hear the latest Bay East and MLS news
  • Learn how the new advertising campaign can help you
  • Preview the NEW Bay East website
  • Discover the benefits of Bay East's mediation program
  • Discuss Internet Advertising Rules and Violations

Limited Seating - Please Register Early and RSVP Required for Lunch

Email Toni Wilson at toniw@bayeast.org to RSVP with your name and firm.

Sunday, March 9, 2008

Stained but not forgotten...

Whether it's a splash of salad dressing, a drop of barbeque sauce, or a full assault of coffee, stains happen. They happen to the cautious as well as the careless and usually when we least expect it.

These tips are for washable fabrics only. Always test for color-fastness in an inconspicuous spot first.

Here are a couple of quick tips I've gathered.

Red Wine: Salt is great for "holding" red wine at bay until the item can be washed. This has saved countless pairs of jeans and blouses.

Makeup: Shampoo is great for getting out cosmetic stains.

Grease: WD - 40 is great at getting out greasy stains (salad dressing, lipstick and butter). Spray on the stain, wait about ten minutes, and work in undiluted dishwashing soap - launder in the hottest water possible for the fabric.

"Approved Short Sale" vs a Short Sale - BIG DIFFERENCE!!

There are a lot of homes on the market right now advertising that they are a ‘short sale'. In fact, for some of the searches I have done for client's literally ¾ of the homes pull up as a ‘short sale'. Just because someone advertises a short sale, does not automatically mean that the bank will sell it short. These folks, I guess at least 80% of them DO NOT HAVE APPROVAL FROM THE BANK TO SELL SHORT. Their agents have mistakenly guided them to believe that once they get an offer - that is the time to approach the bank with the belief that with something in hand the bank will somehow take their request more seriously. This couldn't be further from the truth.

Being approved for a short sale can be much harder than being approved for your original home loan. Essentially you have to qualify all over again and prove that you don't have the ability to make your payments. Yep, we are talking tax returns, paystubs, bank statements, letters detailing your situation, etc....Initially when you bought your home this was a minimum 3 week process...now the banks are overloaded, understaffed and quite frankly, don't have the same incentive to get you moved through the system as they did when you were qualifying for your original home loan that was going to net them cash.
In addition to proving, or essentially qualifying with the bank to sell it short their must be a meeting of the minds on acceptable terms. Negotiating the terms of an acceptable sale can take days or weeks....it all depends on the parties involved. Now as always there are exceptions, but as a rule, it is not as easy as submitting an offer from a potential buyer and hearing back from the bank in 48 hours.

I always ask agents, "Has this short-sale been approved by the lender?" If it has, then they should be able to provide you with the details of the approval. I don't show homes that are not "approved short sales". My buyer's time is valuable to them and once they are educated correctly, they understand that it just doesn't make sense. Even if you do decide on an "approved short sale" you still have to work with a bank. It's still ‘a roll of the dice' as to the ability of the bank to correspond to your buyer in a timely fashion.
A few banks have stepped up to the plate and have seen the value in working these sales efficiently but the majority have not and it can be extremely frustrating for all parties involved.
Here is what I tell my buyers, "I bet I can find you just as good of a deal being sold by someone that is competing against short sales and there will be disclosures, guarantees, repairs made, responses in a timely matter and we can count on the deal closing when it's supposed to." Now, doesn't that sound better?

Thursday, February 21, 2008

Wrapping Up this Week

As this week comes to a close we have had a swoon of activity in our market place. Here are some comments that I picked up form Realty Times that may help put a few things into perspective.

Now let's turn to market developments still ahead: No one is predicting any quick turnarounds or sudden bursts in sales, but think about these facts:

Thirty-year mortgage rates continue to be in the mid to upper 5 percent range -- among the lowest in half a century. If they stay low, most economists agree they will stimulate home sales.

Federal Reserve chairman Ben Bernanke told Congress last week that he is committed to lowering short-term rates even further to help stimulate the economy -- and hinted that the Fed could cut rates another half point in mid March.

The new, higher mortgage maximums for Fannie Mae, Freddie Mac and FHA will kick in by mid-March and should help thousands of first-time buyers in high-cost markets like California and the Northeast and ultimately help clear out some of the unsold inventory clogging those areas.

Combine low-cost money with sharply lower prices and at some point, you hit bottom -- flatten out -- and sales begin to pick up.

Downcycles aren't forever, nor are upcycles.

Wednesday, February 20, 2008

Bissextile - Leap Year

bissextile adjective

referring to a leap yearbissextile

noun [C]a leap yearbissext (also bissextus) noun [C]

February 29th, the extra day in a leap year‘Let’s leap for joy – today is Bissextile Day! … Calm down, this story has nothing to do with gender preferences. Bissextile is the official name of the leap day we add every four years to keep our calendar in kilter.’

(The Virginian-Pilot, 29th February 2004)Contrary to what you might think, the word bissextile has nothing to do with issues of sexual orientation or gender! It refers simply to a leap year - a year containing February 29th and therefore a total of 366 days. A noun derivative bissext refers to the extra day itself, though leap day is a common alternative in much wider use.

February 29th is often technically referred to as an intercalary day, intercalary being an adjective of Latin origin used to describe the insertion of an extra day in the calendar to harmonise it with a solar year.A recent coining on the same topic is the countable noun leapling, used to refer to a person born on February 29th.

Twenty-first century leaplings can be united through a dedicated website, http://www.leapdaybabies.com/. A recent quote from the site states:‘… Now you will always know someone born on the same day as you. If your child was born today, February 29, 2004 – Leap Year Day – Congratulations!

Please register your little Leapling with us …’-ling is a suffix often used to imply that a person or thing is small or very young, as illustrated by words like duckling, seedling etc. In the same way, leapling is often reserved for a newborn leap day baby, also affectionately referred to as a leapy.

The countable noun leaper is a slightly less recent general term for a person born on February 29th. The website also humorously promotes a range of related terms, including an adjective leapless, which describes a person not born on February 29th, and a noun leapship, which refers to a relationship between two people both born on a leap day. Background

The word bissextile in fact has its origins in the sixteenth century, deriving from the Latin term bissextilis meaning ‘having an intercalary day’. In the Roman calendar, the sixth day before the ‘Calends of March’ (i.e. 24th February, counting back from the beginning of March) occurred twice in a leap year. Hence the term is based on Latin sextus - ‘six’ - and bis - ‘twice’ - and means ‘twice the sixth day’.

The word bissextile is relatively rare in modern English, but emerges from obscurity every four years as illustrated by articles like the one cited above. The phrase année bissextile is however a commonly used French term for leap year. The term leapling is a twenty-first century coining. The use of the word leap in reference to a year with 366 days dates from the time of late Middle English.

In years with the extra day, feast days after February came two days rather than one day later than the previous year, and could therefore be said to have ‘leaped’ a day.

Provided by the Macmillan Dictionary