(937) 838-0997 [email protected]

If you think the market is slow???

by | Apr 30, 2012 | Current Events, Neighbor Chat, Real Estate News

Come spend the day with me and let me show you just how many buyers are out looking!  I can’t find my desk – but if we have an appointment – I am going to get you taken care of 🙂

Low-ball Offers a Thing of the Past?
Last year, 10 percent of REALTORS complained about receiving low-ball offers on listed homes–offers usually submitted by the buyer for 25 percent or more below the list price, according to an NAR survey. But that number has dropped drastically.

According to a March ’12 survey, of 4,500 agents and brokers, no REALTORS complained about low-ball offers. The main problem nowadays: The sudden drop in inventory of for-sale homes has led to fewer homes available to sell.

For home buyers who still think they have a chance of hitting it lucky with a low-ball offer, they’re finding in many markets that their offers are more often being rejected or countered closer to the original asking price. The reason? Home are coming on the market more realistically priced.

Source: NAR

Where Can You Find Tammy…

by | Apr 30, 2012 | Current Events

Here are some hot Open House dates for you to come and see her at!

 

May 6th, 2012- 210 Southerly Hills, Englewood

 

All Open Houses are from 1-4pm and there will be light refreshments served! Call 937-838-0997 for more details!

Employer Assisted Housing Network Announced in Dayton!

by | Apr 11, 2012 | Current Events, Neighbor Chat, Networking, Real Estate News, Real Homes to Love

Employer Assisted Housing Network Class Announced in Dayton
NEWS RELEASE FOR IMMEDIATE RELEASE

Employer Assisted Housing Network Class Announced in Dayton

(Dayton, Ohio, April 6, 2012) The Employer Assisted Housing Network is reaching out to local real estate industry professionals to encourage a partnership between business owners and employees wishing to own their own home.

“Through the National Association of Realtors? Employer-Assisted Housing class, Realtors? are playing an important leadership role in building our communities and addressing the lack of affordable housing opportunities for working families around the Miami Valley area,” says Tammy Murphy, Certified NAR Trainer and professional with Prudential One, REALTORS?.

Murphy, along with a core team of real estate industry professionals, are working diligently in the Miami Valley to gain the much needed exposure to employers. Their efforts have brought the Employer Assisted Housing Network (EAH) to Dayton. The EAH will train real estate industry professionals on how to discuss and implement employer-assisted housing benefits for their employees. The training will take place during two events being held at the Dayton Area Board of Realtors (DABR), and an EAH Forum that will host speakers from the City of Dayton, NAR and participating local employers.

EAH benefits can include one-on-one housing counseling; financial assistance; or workshops for home buyers or owners, including foreclosure prevention workshops. “The EAH classes coming up are the first step,” Murphy says, “and we are moving forward with plans to expand the initiative here quickly.”

Real estate professionals can register for the classes through the DABR website, www.dabr.com, and other industry professionals will contact Tammy Murphy directly. NAR’s Housing Opportunity Program (www.realtor.org/housingopportunity) was created in 2002 to provide Realtors? with the tools and resources they need to promote housing opportunities in their community, in both the rental and homeownership sectors of the market. The program encourages local Realtor? associations to create initiatives aimed directly at increasing housing opportunities available to consumers, and making affordable housing more readily available in their communities.

The dates of the upcoming EAH educational opportunities at the DABR are April 26 and June 12, 2012. The EAH Forum will be held on July 16, 2012 at Sinclair Community College. For more information or to register to attend contact Tammy Murphy with Prudential One, REALTORS?, [email protected].

Short Sales May Move Faster?

by | Mar 19, 2012 | Current Events, Facing Foreclosure, Short Sale

Short Sales Get Shorter: New Deadlines to go into Effect
As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process.

Here are some of the new requirements for servicers under the settlement:

  • Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request.
  • Servicers will be required to notify a borrower, also within 30 days, if any necessary documents are missing to process the short sale request.
  • Servicers must notify a borrower immediately if a deficiency payment is needed to approve the short sale. They also must provide an estimated amount for the deficiency payment needed for the short sale.
  • Servicers are also required to form an internal group to review all short sale requests.
  • Banks will be considered in violation of the settlement requirements if they take longer than 30 days on more than 10 percent of the short sale requests.

Violations can carry fines of up to $1 million and $5 million for repeat offenses.

Source: “AG Settlement Starts the Clock on Short Sales,” HousingWire (March 14, 2012)

Dayton is Among the IMPROVING Markets!

by | Mar 19, 2012 | Current Events

99 Metros Make Up Latest ‘Improving’ Housing Index
The housing market continues to show signs of a turnaround with 99 real estate markets now making up this month’s Improving Markets Index.

Just before launching into the spring selling season, about a quarter of all metro areas are showing improvements to their housing markets, according to the index.

The monthly index, which is conducted by the National Association of Home Builders and First American, reveals what metro areas have shown an up tick in housing permits, employment and housing prices for at least six consecutive months.

In the top 31 metro areas, Dayton and Columbus were named.

To view a complete list of all 99 metro areas on the index, visit www.nahb.org/imi