Showing posts with label Dublin Real Estate. Show all posts
Showing posts with label Dublin Real Estate. Show all posts

Thursday, April 17, 2008

Bernanke, Greenspan agree cash arms firms for slump

Corporate balance sheets of American businesses – other than banks – are in better shape today to face a recession than in previous economic contractions because they have banked some half a trillion dollars in cash, reduced short-term debt and slashed inventories, according to former Federal Reserve Chairman Alan Greenspace and current Fed Chairman Ben Bernanke. That means companies aren’t likely to be as reliant on beleaguered banks to fund their operations.

MAKING SENSE OF THE STORY FOR CONSUMERS

  • Since the last recession, disciplined companies have been rewarded with 20 consecutive quarters of double-digit growth in profits. S&P 500 companies alone have amassed about $615.5 billion in cash, compared with $352.4 billion prior to the 2001 downturn and $95.5 billion prior to the 1990-91 recession.
  • Debt as a percentage of net worth for non-bank companies was only 63 percent in the fourth quarter of 2007, compared with 93.6 percent in 1990-91.
    Together, these figures indicate that companies may have to do less trimming of excess capacity and workers than they have done in recent recessions. Some companies are even expanding, albeit cautiously.
  • While these trends don’t ensure a rapid recovery if the country falls into a recession, it does position companies to ride out the storm.

To read the full story, please click here: http://www.bloomberg.com/apps/news?pid=20601109&sid=ao6RcBfOUJz8&refer=home

Tuesday, April 8, 2008

Taking an Interest in your Credit Card Rate....

Credit cards are one of the most pervasive forms of your financial picture. On a daily basis, they provide the flexibility and freedom to reserve a hotel room, travel without carrying cash, and purchase just about anything at anytime.

As such, your credit cards can have a major impact on your financial wellbeing and even your credit score. But did you know that your credit score can also impact your credit cards...specifically your interest rates? Although some companies have abandoned the practice, many won't hesitate to raise your interest rate if your credit score declines - even if you are paying them on time! By following these tips, you can help avoid inflated interest rates on your credit cards...and perhaps even enjoy more trips to the ballpark:

Understand the terms. The best way to protect yourself from high interest rates and hikes is to read and understand your credit cards policy terms. Pay particular attention to the interest rate, how long that rate is in effect, and what actions can lead to a hike - such as a late payment on your card, a declining credit score, or even a late payment on a completely unrelated bill.

Don't be late. Making a late payment can lead to increased interest rates on all your cards. In addition, they can lower your credit score, causing you even more problems down the road. So make a schedule and always pay on time.

Watch the mail. We all get junk mail, but some of it may not be junk after all. Whenever you receive any information in the mail from your credit card, read it carefully in case any policies or interest rates are changing.

Make a call. If your rate does change, call the company. If you've made your payments on time consistently, you may be able to get your original rate restored. If the company seems hesitant, you may want to threaten to transfer your balances to another card - customers in good standing may find they have more bargaining power than they realize. And don't just threaten to make a change...actually do it if it makes sense. You may find the grass actually is greener on the other side.


Be careful what you close. Closing a card that has a current balance will likely send your interest rate soaring. In addition, closing your oldest credit cards can have a negative impact on your overall credit score. So make sure you check and double check which cards are best to close.

Thursday, April 3, 2008

America's riskiest real estate markets

Using data from a variety of sources, Forbes has compiled a list of the nation’s “riskiest” real estate markets – which includes San Diego and Sacramento. But, the magazine concludes, there are signs that improvement may be on the horizon for these two major California markets.


MAKING SENSE OF THE STORY FOR CONSUMERS:
<
The riskiest markets are those with high foreclosure rates, slow or no job growth, and a glut of homes on the market. Markets like Detroit, Cleveland, and Miami display all three characteristics.

< By contrast, transactions are rising in San Diego, and that’s a good sign assuming the increase is sustained. Rising transaction numbers may mean credit is becoming easier to come by and buyers are looking somewhat more favorably on the market. In fact, Forbes suggests prices also may begin to rise over the next six months. That’s because there usually is a lag between increases in transaction numbers and price increases.

< The Forbes report also projects better times ahead for San Diego and Sacramento thanks to a 125 percent increase in Fannie Mae/Freddie Mac conforming loan limits. In San Diego, the report notes, 18 percent of the market will see improved lending conditions.

Spring Cleaning on Your Credit Report

As spring comes into bloom and you clean out your home, your closets and your yard, don't forget to clean up something that can really impact your life: your credit score. Having this information is important for when you need a car loan, home loan or even a student loan, so that you have the ability to live the life you want without financial restrictions.

By viewing your credit activity on a regular basis you can manage any detrimental items that need to be removed or fixed. These actions will create a better rating under your name and benefit you throughout your life. The easiest and fastest way to do this is by going online.

Go Free Credit offers an easy way to check your credit instantly. You can try this service free for 30 days to monitor any activity and make changes in your life so that your score increases. You will get a detailed, personalized analysis of your credit report with advice on how to improve it. You will also find information on how to understand your credit report. Experts advise checking your credit report more than once a year, but checking too often can make your credit score go down.

Credit monitoring, automatic notification of credit activity and a detailed personal analysis are all included in this service. You can find out who has recently viewed your credit report and even see the best ways to improve your credit score based on your personal history. Improving your credit increases your options for financial success. Bankruptcies, judgments, collections and past 30-days late payments are the top damaging factors that can negatively affect your credit score and need to be checked now. Additionally, by being aware of the activity on your credit report you can keep a close eye on fraudulent activity and be confident of your financial future.

Saturday, March 22, 2008

About Trivia on the Date of Easter

Easter this year is Sunday, March 23,2008 and that makes it special. As you may know, Easter is always the 1st Sunday after the 1st full moon after the Spring Equinox which is March 20. This dating of Easter is based on the lunar calendar that Hebrew people used to identify Passover. This is why the date of Easter moves around on our Roman calendar. Based on the above, Easter can actually be one day earlier (March 22) but that is very rare.

Only the most elderly of our population (95 years old and above) have ever seen Easter this early before. The last time it was this early was 1913. For the most of us this year will be the earliest that we will ever seeEaster, and none of us will ever see Easter a day earlier ! The next time Easter will be this early (March 23) will be the year 2228 (that's 220 years from now).The next time Easter will be a day earlier March 22, will be in the year 2285 (that's 277 years from now). The last time Easter was on March 22 was 1818. So no one alive today has seen or I would say that makes this Easter special

Thursday, March 13, 2008

Buyers jump into murky housing market

While low interest rates and depressed home prices have started to attract entry-level home buyers, the typical home in San Diego County remains out of reach for the average family.

MAKING SENSE OF THE STORY FOR CONSUMERS
· Bleak economic news is usually followed by a downward turn in mortgage interest rates, but despite some fairly poor news this week about banks selling securitized loans at fire sale prices, the overall average of 30-year fixed-rate mortgages eased by just two basis points (.02 percent). The fact that news that would usually produce a significant decline in mortgage rates instead preceded only a modest drop could be a sign that rates may soon go up. Consumers should take advantage of low interest rates while they last.

· According to home-finance corporation Freddie Mac, U.S. house prices have climbed 6.2 percent a year over the past 30 years.

· The recently passed economic stimulus package raised the conforming loan limit to up to $729,750 in some areas. So-called "expanded conforming" loans should provide some borrowers with an opportunity to finance or refinance at lower rates than the jumbo market may currently offer, provided borrowers can meet the guidelines for a conforming loan, which are usually more restrictive than jumbo market underwriting criteria.

Extracted from CAR Market Matters

Home equity slips below 50 percent

Homeowners' debt on their houses exceeded their equity for the first time since the Federal Reserve Board began tracking it in 1945, falling below 50 percent.

MAKING SENSE OF THE STORY FOR CONSUMERS
· Today's low equity is a result of lax lending standards during the housing boom, when many buyers were able to obtain mortgages with little or no money down. Although some of those buyers could not afford their homes and lost them to foreclosure, some could afford houses-with help from alternative loan models-and but for those loans would have found homeownership beyond their reach.

· The statewide median price of existing single-family homes for January 2008 was $430,370. The last time we had a comparable median price was in March 2004, when the median was $428,060. Homeowners who bought their homes before 2004 will likely have more equity than those who purchased since 2004.

· The median home price in January 2003 was $336,210. Comparing the current median to five years ago, it is now 28 percent higher. People who buy a home and hold onto it at least five years will usually come out ahead.

· A house is not a stock. It's always been first and foremost a place to live, to raise a family or to retire. Even when prices were falling, home buyers who pursued a buy and hold strategy-retaining the property at least five years-have almost always come out ahead in the long-run. Historically, the value of single-family homes in California has increased about 9 percent a year.

compliments of CAR Market Matters

Housing: Best Time to Buy in Four Years

Valuations - the difference between a home's actual price and what it should cost-are the lowest they've been in four years.

MAKING SENSE OF THE STORY FOR CONSUMERS
· More than 88 percent of 330 housing markets surveyed showed price declines and improved affordability during the last three months of 2007, according to bank National City Corp. and financial analysis firm Global Insight.

· The survey covered home valuations during the last quarter of 2007, but there's reason to believe that valuations are even more favorable for buyers today, according to the authors of the report.

· The biggest gains in affordability occurred in California, Michigan and Florida, which are areas that also have been some of the hardest hit by foreclosures. Those states registered 43 of the 50 biggest price declines.

Compliments of CAR Market Matters

The Sunny Side of the Bay - the East Bay

The East Bay is an ideal place to relocate to, there is diversity in everything from housing to food to climate. it is one of the most beautiful areas of California and everything is within a couple hour drive.

The East Bay is a made up of two counties, Alameda and Contra Costa, as well as the TriValley region which includes the San Ramon Valley which is located along I-680/580 and is one of the premeire areas in Northern California.

The greater San Francisco Bay Area counties include Contra Costa, Napa, Sonoma, Solano, Alameda, Santa Clara, Marin, San Benito, Santa Cruz, San Francisco and San Mateo.

Buying Real Estate in California affords you the most in terms of lifestyle, job opportunities and real estate. The area consists of several micro-markets within the East Bay and many have weathered the recent housing market challenges.

California's East Bay-Where the Sun Shines! If you are considering relocating you may want to consider the the San Ramon and Tri- Valley area. The weather is warm, lot's of activities to choose from whether you are a family, single or a couple looking for that place to enjoy. The schools are among the best in California.

If you are thinking about buying in the East Bay or even considering selling or moving up, give me a call to assist you with the process.

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.

Why Buy a Home in Today's Market?

1.) Interest rates on long-term, fixed, and adjustable mortgages are at historically low levels. The rate on a 30-year, fixed mortgage is hovering just below 6 percent, while, by comparison, interest rates were hitting 8 percent and higher during the last market downturn in the late 1990s, and were between 10 and 12 percent at the height of the last housing boom in the 1980s. Lower interest rates make it easier to qualify for a loan, and your monthly payments are more affordable.

2.) No one can put a price on the intrinsic value of homeownership. Home prices also reflect financial worth and, the good news is, across California the median sales price for a single-family home has been consistently rising for several decades. In short, housing remains a solid, long-term financial investment. While the pace of home appreciation has slowed over the last year, historical data suggest home prices will continue to appreciate over time. The projected median home price for a single-family home in California in 2008, for example, is $553,000. By comparison, the median price in 2000 was $241,350; $193,770 in 1990, and $99,550 in 1980. (source: C.A.R.)

3.) The length of time a home remains on the market before it is sold has increased from roughly two weeks in 2004 to between eight and nine weeks in 2007. According to the unsold inventory index provided by the CALIFORNIA ASSOCIATION OF REALTORS®, it would take 16.3 months to sell all the homes on the market at the current sales pace, compared with 6.4 months in 2006. With more homes on the market for longer periods of time, you have more choices when it comes to selecting a home today.

4.) The multiple-offer frenzy that dominated the latest housing boom has subsided, and there is less pressure on today's home buyers to outbid one another. REALTORS® in California reported that in 2007 only 28 percent of homes sold had multiple offers, compared with 57 percent in 2004. (source: C.A.R.)

5.)The credit industry crisis that has made securing a home loan difficult for many has led to
heightened scrutiny of mortgage lenders. As a result, state and federal agencies have created
protections for home buyers that were not in place a year ago. The U.S. Federal Reserve, for example, has proposed a plan to require lenders to confirm a borrower's ability to afford a mortgage before making a loan and establishing guidelines for explaining subprime loan terms in order to better educate buyers. Many new public education and awareness campaigns, such as Freddie Mac's "Don't Borrow Trouble®" campaign, have been developed to help you achieve the dream of homeownership without the financial risks that led so many borrowers into trouble in recent years.

Buying a home in today's market may be challenging, particularly for those with credit problems or little saved to put toward a down payment. But there are many factors impacting the current housing market that make buying a home today a viable option.

Information compliments of the California Association of Realtors


Things You Never Knew Your Cell Phone Could Do

One of my friends emailed this this morning and it seems to have some value to it. I can't wait to try unlocking my call with my cell phone from someone at home.

There are a few things that can be done in times of grave emergencies. Your mobile phone can actually be a life saver or an emergency tool for survival. Check out the things that You can do with it.

FIRST
Subject: Emergency

The Emergency Number worldwide for Mobile is 112. If you find yourself out Of the coverage area of your mobile; network and there is an emergency, dial 112 and the mobile will search any existing network to establish the emergency number for you, and interestingly this number 112 Can be dialed even if the keypad is locked. Try it out.
SECOND
Subject: Have you locked your keys in the car?

Does your car have remote keyless entry? This may come in handy someday. Good reason to own a cell phone: If you lock your keys in the car and the spare keys are at home, call someone at home on their cell phone from your cell phone. Hold your cell phone about a foot from your car door and have The person at your home press the unlock button, holding it near the mobile Phone on their end. Your car will unlock. Saves someone from having to drive Your keys to you. Distance is no object. You could be hundreds of miles away, And if you can reach someone who has the other 'remote' for your car, you can unlock the doors (or the trunk).
THIRD
Subject: Hidden Battery Power

Imagine your cell battery is very low. To activate, press the keys *3370# Your cell will restart with this reserve and the instrument will show a 50% Increase in battery. This reserve will get charged when you charge your cell Next time.
FOURTH
How to disable a STOLEN mobile phone?

To check your Mobile phone's serial number, key in the following digits on Your phone: * # 0 6 # A 15 digit code will appear on the screen. This number is unique to your Handset. Write it down and keep it somewhere safe. When your phone gets stolen, you can phone your service provider and give them this code. They will then be able to block your handset so even if the thief changes The SIM card, your phone will be totally useless. You probably won't get Your phone back, but at least you know that whoever stole it can't use/sell It either. If everybody does this, there would be no point in people stealing mobile phones. And Finally....
FIFTH
Cell phone companies are charging us $1.00 to $1.75 or more for 411 Information calls when they don't have to. Most of us do not carry a Telephone directory in our vehicle, which makes this situation even more of A problem. When you need to use the 411 information option, simply dial: (800) FREE 411, or (800) 373-3411 without incurring any charge at all. Program this into your cell phone now.

Tuesday, March 11, 2008

When A Short Sale Isn't a Short Sale

When A Short Sale Isn't A Short Sale
Main Photo

Real estate agents are complaining that some homes marketed as short-sale properties are not actually short sales. In a short sale, the lender signs off on a real estate transaction in which the sale proceeds fall short of what the owner owes for the mortgage.

A decline in the home's value since the date of purchase, or a seller falling behind on mortgage payments do not automatically qualify a home as a short sale. There can be no short sale without the lender's approval, as the lender must consider whether it is worthwhile to accept less than the full loan amount in order to avoid a foreclosure.

What is there to gain by marketing a property as a short sale that isn't a short sale? Serious buyers are a rare breed in some market areas these days, and many of them are looking for bargains. Short sales can in some cases sell for a lower amount than comparable properties that are not similarly distressed, as there is urgency by sellers to get out from under the properties and by lenders that wish to avoid costs associated with foreclosure.

So just like those furniture stores that seem to perpetually advertise a going-out-of-business-everything-must-go-including-the-plastic covers-on-our-electrical outlets-final-ultimate-last-possible-ever-chance-to-buy-cheap-stuff-from-us sale, dangling the "short sale" term in marketing a property may be an effort to attract bargain-basement shoppers.

Short sales and other properties in some stage of foreclosure have become a substantial market segment in some hard-hit areas.

Short Sale (of house)
A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes. See also deed in lieu (or foreclosure).

Deed in Lieu (of foreclosure)
A means of escaping an overly burdensome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. Even if the lender won't agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner's property rights to the lender.

Foreclosure
The forced sale of real estate to pay off a loan on which the owner of the property has defaulted.

Default
A failure to perform a legal duty. For example, a default on a mortgage or car loan happens when you fail to make the loan payments on time, fail to maintain adequate insurance or violate some other provision of the agreement. Default on a student loan occurs when you fail to repay a loan according to the terms you agreed to when you signed the promissory note, and the holder of your loan concludes that you do not intend to repay.

If you believe you may fall under one of these and would like some assistance, give me a ring or visit my website.

Pam Winterbauer
2006 REALTOR of the Year
Windermere Welcome Home
925 824-4878 / 510 889-8889
Toll Free: 877 876-8889
http://pamwinterbauer.com

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Pam Winterbauer
877 876-8889
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Service Area: The East Bay
Years of Service: Three Decades
Service Type: Real Estate
Market Focus: Premium
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Residential Specialist
Seniors Specialist
Single Level Home Specialist
Internet Marketing
Short Sales & Foreclosures
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2006 REALTOR of the Year
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Seniors Real Estate Specialist
Internet Marketing Specialist
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California Association of REALTORS
e-PRO Certified
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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

Stop Idenity Theft

A well-measured program of preventive steps can protect your identity from theft.

ID theft-related fraud fell by 12 percent in 2007 and 300,000 fewer adults were victims, according to the latest from Javelin Strategy & Research, the longest-running ID theft study in the nation.

At the top of the list of reasons for the decline is "greater consumer vigilance and awareness," according to the report.

When someone steals your identity, you don't wander around aimlessly like some John or Jane Doe. Someone pilfers enough of your personal identifying information -- name, address, Social Security Number, drivers license, credit and financial account numbers and the like -- then masquerades as you to make purchases, withdraw cash or otherwise undermine your financial assets and your name.

ID theft can cost you time and money (averaging $691, according to the report) to correct the misdeed and it can ruin your credit enough to prevent you from making major purchases including buying a home.

Companies that manage personal information have improved their ID theft protection measures, but consumers who protect their own personal information is the first line of defense.

Here's what Javelin suggests.
Move your financial transactions online by turning off paper invoices, statements and checks, including paychecks, and replacing them with electronic versions where offered by employers, banks, utilities or merchants. Avoid mailing checks to pay bills or deposit funds in your banking account. Instead, pay bills online and use remote deposit check imaging services on online banking sites.

This effort rubs out the paper trail. Crooks are more likely to steal information on paper, from personal belongings and through telephone calls, rather than online.

Monitor your accounts regularly online at bank and credit card websites. Americans who monitor their accounts online are most likely to uncover suspicious or unauthorized activity early.

Likewise, review your credit information frequently. You can do so three times a year for free at the federally-sanctioned AnnualCreditReport.com by getting one report, from each of the three major credit reporting agencies -- Equifax, Experian and Transunion -- in turn, every four months.

Reduce unnecessary access to your personal information wherever possible. For example, don't carry Social Security cards, unused credit cards or checks, and don't leave sensitive documents out in the open.

Never provide sensitive financial information over the phone or Internet, including Social Security numbers, passwords, PINs or account numbers, unless you placed the call directly to a verified and trusted location, such as the number on back of a credit card or statement.
Add your name to the federal Do Not Call registry and direct marketing opt-out lists to reduce solicitations that could be bogus.

Even as overall ID theft has fallen, "phishing," criminals using telecommunications, voice over Internet protocol (VoIP) and like methods, is on the rise. That's because, as more consumers shift more transactions to secure online services, thieves are becoming more creative on the telephone claiming to represent non-profit and charitable operations.

In the same vein, wireless phone accounts have become the most frequent types of new accounts opened fraudulently by criminals using stolen data. The trend exceeds that of fraudulent new credit cards, loans, checking or savings accounts.

Install and regularly update firewall, browser, anti-spyware, and anti-virus security software on your personal computer, and keep operating systems updated. Updates typically come with spyware, virus and other protections.

Consider placing a credit freeze on your credit report or your child's credit report if you know you won't be using credit for some time. Child ID theft is on the rise because thieves know you and your kid aren't likely to check the child's credit report for some time due to a lack of credit use. Check your state's "credit freeze" law. The cost may be nominal or free. The three credit reporting agencies offer the service for a fee.

If you are an ID theft victim, report it to the police, affected accounts, and call any one of the three credit bureaus to have a fraud alert placed on your account to prevent future infractions as you sort out the mess. Contact one bureau to place a fraud alert on your credit report and that company is required to notify the other two so that they too can place an alert on their versions of your report.
Written by Broderick Perkins

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.

The Tankless Waterheater

So you're tired of running out of hot water in the shower and want to replace that old hot water heater. Or maybe you're considering tankless for a new project. Well, tankless hot water heaters can be a great solution to your residential hot water needs. They're also referred to as on demand hot water heaters because they don't usually store hot water, but rather create it on demand. And installing a tankless hot water heater can qualify you for a $300 federal energy tax credit!

But for all the hype surrounding these appliances there are some limitations and trade-offs to consider before you can really decide if the tankless hot water heater is for you. I have one in my house and properly used these appliances are absolutely great. Improperly used they are disappointing and expensive. They come in point-of-use and whole-house versions and there are electric tankless water heaters and natural gas or propane models. Some tankless units are sized to heat a cup of tea, others to provide enough hot water for 2 or more bathrooms. Also, the region of the country you live in has a lot to do with how much hot water a tankless water heater can produce.

There are a lot of factors to consider with these units so I'll lay out what you need to know about the tankless water heater so you can make an informed decision before you get, well, into hot water.

Article from About.com

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.

Helpful Tips Before Having a Home Inspection

1. Have all utilities / electrical / gas / water / pilot lights of heating systems / water heater / gas stove - ranges turned on which will make the process go smoothly. ( Inspector does not turn on utilities and ignite pilot lights. )

2. Have all light fixtures operating with bulbs in them!

3. All crawl and attic areas should be open and accessible with lights on. If an area is not accessible, please advise the Inspector at the beginning of the inspection!

4. Have HVAC systems cleaned and serviced prior to inspection. Install new filters or clean the washable types.

5. Have full access to HVAC sytems in garage or attic and access to water heaters.(Inspector does not move personal property)

6. Any slow drainage in plumbing fixtures should be cleaned or corrected prior to inspection! (In most cases drain cleaner will resolve the problem.)

7. All systems and appliances should be operable by using designated controls. All utilities like water, pilot lights of gas stoves and water heaters should be operational. "GFCI Outlets", etc... should be corrected prior to inspection.

8. Unlock all doorways and have garage door operator available. Remember security systems ARE NOT part of the inspection and should be deactivated during the inspection.

9. Have any obvious things like, "the gutters filled with leaves" cleaned prior to the inspection.

10. All pets, etc., should be restrained so the Inspector can freely move around the house.

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.