Monday, December 20, 2010
JINGLE JINGLE JINGLE...BELLS ARE STILL RINGING!
It's almost Christmas and my sales associates have not quit! We have "rang" the bell 5 times today...meaning...5 sales recorded! HO H O HO....Merry Christmas...Our Buyers are SO happy and our Sellers are HAPPIER!
Saturday, December 18, 2010
Congratulations to Top Selling Agent - Mark Bolick
Congratulations to Mark Bolick - Top Selling Agent for November!!
November Listing Agent-Glenn Hellofs
Congratulations to Glenn Hellofs, Top Listing Agent for November!Monday, December 13, 2010
My Friend, Rachel Broadhurst
My Friend Rachel Broadhurst will be greatly missed. Not only by me, but all her family, friends and co-workers. She fought a good fight all the way.
Her visitation will be Tuesday evening at Goldfinch Beach Chapel from 6 till 8.
Funeral service is Wednesday, 2:00 p.m. at Ocean View Baptist Church, 7300 North Kings Hwy., Myrtle Beach SC
Saturday, December 4, 2010
November 2010
I'm amazed everytime I go out to dinner, parties...any social functions. The question always is "Has the Real Estate Market picked up?" YES, YES, YES! For some, not, but for us...it has! Our Sales for November surpassed 2007, 2008 & 2009. We're working with our buyers and sellers to make offers work. Lenders are working as hard as we to make sure we can secure the business. Everyone is working towards the same goal...Keep this market moving forward. We're doing our job...Want to hire us???
Penny B
Penny B
Tuesday, November 30, 2010
Tuesday, November 23, 2010
Want to SAVE a little $$$??
We had a meeting not long ago about budgets and how to save. My accountant shared with me that he ALWAYS gets new quotes on all of his insurance every year. Well...I did too...and saved over $4,000!
Just wanted to share this "tip" during the Holidays. Happy Thanksgiving!
Just wanted to share this "tip" during the Holidays. Happy Thanksgiving!
Friday, November 19, 2010
Another Successful Week
Another GREAT week at C21 Boling! We've had over 35 sales this month....with the busiest week coming up!
Great job to all....Keep moving forward....
Great job to all....Keep moving forward....
October Sales Agent of the Month!
Congratulations to Traci Miles for another outstanding Sales for October! Great Job Traci!!!!
Wednesday, November 17, 2010
Friday, November 5, 2010
WHAT A GREAT WEEK FOR BUSINESS!
Who said the Real Estate Market is not happening??? Well, it is here @ Century 21 Boling! We've had 16 sales this WEEK! Wonder why...hmmmm. We're meeting the market and using all the tools available to serve our customers and clients! Certified Distressed Property Experts CDPE Designations work..and we've got it! Our lead generation from our marketing is finding us more buyers for our sellers! These Sales Associates KNOW how to help their customers!
Tuesday, November 2, 2010
Wednesday, October 20, 2010
President of Century 21 Corporate!
Myrtle Beach was the host for our Century 21 Fall Sales Rally. Our President, Rick Davidson, pictured here with Sara Boling, was the speaker for the Broker Council. Our new leadership will take Century 21 into 2011 with BOLDNESS! Keep watching...and see what we're going to be doing!
Monday, October 18, 2010
We've made it!!!
Daily Real Estate News October 12, 2010
Economists Say Housing at Bottom Beacon Economics analyzed home affordability and came away feeling optimistic.Beacon Economics founding principal Christopher Thornberg, whose firm advises a variety of business clients, says the high level of affordability is likely to drive demand and reduce the stock of excess inventory, ultimately resulting in the need for new housing, a rise in prices, and a pickup in new construction.
"While prices may fluctuate modestly over the next several months, we believe the worst of the housing crisis is behind us," says Beacon Economics Research Manager Jordan G. Levine. "We expect prices to stabilize around current levels and likely be higher in the next 12 months."
Source: Beacon Economics (10/11/2010)
Economists Say Housing at Bottom Beacon Economics analyzed home affordability and came away feeling optimistic.Beacon Economics founding principal Christopher Thornberg, whose firm advises a variety of business clients, says the high level of affordability is likely to drive demand and reduce the stock of excess inventory, ultimately resulting in the need for new housing, a rise in prices, and a pickup in new construction.
"While prices may fluctuate modestly over the next several months, we believe the worst of the housing crisis is behind us," says Beacon Economics Research Manager Jordan G. Levine. "We expect prices to stabilize around current levels and likely be higher in the next 12 months."
Source: Beacon Economics (10/11/2010)
Tuesday, October 12, 2010
Doing Business RIGHT...makes a big difference!
Congrats to Traci Miles for another customer satisfaction! Great job Traci!
Gary & I wanted to say Thank you so much for helping us with these 2 units. You have gone beyond your duties and we really appreciate it. We feel that we have made a friend for life.
Gary & I wanted to say Thank you so much for helping us with these 2 units. You have gone beyond your duties and we really appreciate it. We feel that we have made a friend for life.
Monday, October 11, 2010
Another Satisfied Customer! Congrats Traci Miles!
Traci:
I just wanted to take a moment to thank you for everything you are doing and have done on our behalf. Everyone you have introduced us to via your recommendations has been superbly helpful, friendly, and responsive.
We have been impressed with you from the get go and thought 'boy were we lucky to find Traci'. Now with Gamble and Terry we are saying 'boy we were REALLY lucky to find Traci".
Thank you very much. You are making us feel very comfortable and looking forward so much to becoming residents of Myrtle Beach.
Bob & Chris
I just wanted to take a moment to thank you for everything you are doing and have done on our behalf. Everyone you have introduced us to via your recommendations has been superbly helpful, friendly, and responsive.
We have been impressed with you from the get go and thought 'boy were we lucky to find Traci'. Now with Gamble and Terry we are saying 'boy we were REALLY lucky to find Traci".
Thank you very much. You are making us feel very comfortable and looking forward so much to becoming residents of Myrtle Beach.
Bob & Chris
Monday, August 9, 2010
JULY AWARD WINNING AGENTS
Congrats to Tom Richards for being the Award Winning Listing Agent for July. Great Job Tom!JULY AWARD WINNING AGENTS!
Congrats to Traci Miles for being the July Selling Agent of the Month! Great job Traci!Wednesday, August 4, 2010
OH SUMMERTIME....
August has started out with a major rush! School starting is just around the corner, yet our little beach town remains full of happy vacationers who are deciding to make their homes here. Some for a couple of weeks, others a couple of months and some forever!
Congrats to our Sales staff of the week...and it's only Wednesday!
Gene Carter, Dean Houstman, Trish Taylor, Dean Houstmand...again...Glenn Hellofs and Debbie Davis! Great job all.....
Congrats to our Sales staff of the week...and it's only Wednesday!
Gene Carter, Dean Houstman, Trish Taylor, Dean Houstmand...again...Glenn Hellofs and Debbie Davis! Great job all.....
Friday, July 30, 2010
BELL RINGER WEEK!
I know it's hot outside....but it's hotter here @ Century 21 Boling's office! Congrats to the sales staff for a great "BELL" ringing week! Robert, Robert, Tim, Jayme, Trish, Marty, Gonca, Mark H., Shaun, Debbie D., Traci, Shaun..again..Marty, Sara and Shaun...again! Wait till you hear what a fantastic Sales month we had! We're turning the market; one sale at a time...and it's working!
Tuesday, July 27, 2010
What's in your mail box???
I've been receiving several e-mails regarding mail being taken from home mailboxes! Checks for payments or receiving checks and then this one: You know those credit card applications we all get in the mail...well someone filled one out and is wasn't you!
Bank did call to confirm application...thank goodness! Just another "heads-up" on life today!
Bank did call to confirm application...thank goodness! Just another "heads-up" on life today!
Saturday, July 24, 2010
Thursday, July 22, 2010
Ringing loud and clear!
Another "BELL" ringer at Boling! It may be hot outside...but we're cookin' with sales every day! Congrats to the agents of the week!
Martha, Glenn, Marty, Shaun, Sara, Mark B., Traci, Deb B., Martha(again), Danny, Debbie D., Dean, Gene C.
It's going to be a great July!
Martha, Glenn, Marty, Shaun, Sara, Mark B., Traci, Deb B., Martha(again), Danny, Debbie D., Dean, Gene C.
It's going to be a great July!
NAR Fraud Information
The Sun News has been writing about fraud in our community so I thought posting the following information from the National Association of Realtors would give us all some information and answers.
5 Real Estate Scams You Need to Know About
Don't be duped by mortgage fraud. Here are a few common scams and the red flags you should look for in a transaction.
By Melissa Dittmann Tracey
August 2010
Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by mortgage fraud,” says Rachel Dollar, a lawyer from Santa Rosa, Calif., and editor of the Mortgage Fraud Blog. Mortgage fraud can lead to a spike in foreclosures, home values plummeting, and lenders raising their rates and fees to recover losses.
The crimes are often complex, involving several parties and occurring over multiple transactions. To protect you and your clients, educate yourself about mortgage fraud and be on guard for any warning signs in a transaction. You can start by reviewing these five scams, and then test your knowledge by taking our Mortgage Fraud Quiz.
1. The Foreclosure Rescue Scheme
The Scam: “Rescuers” promise cash-strapped home owners that they can save their home from foreclosure. The rescue, which involves paying upfront fees, can take multiple forms, such as the perpetrator obtaining a new loan on behalf of the owner or by having the owner sign over the home’s deed and then rent the home until they can repurchase it. Eventually, the home owner loses the home, either to foreclosure or the fictitious rescue company.
Red Flags: With foreclosure rescue programs, borrowers are often advised to sign over the title of their house to a third party, become renters of their home, not contact their lender, or send mortgage payments to a third party, according to Fannie Mae, which provides fact sheets on mortgage fraud.
2. Loan Documentation Fraud
The Scam: This fraud involves numerous schemes in which a borrower provides inaccurate financial information — such as about their income, assets, and liabilities — or employment status in order to qualify for a loan with lower rates and more favorable terms. Occupancy fraud is one growing area: Borrowers say they plan to live in the property when they actually intend to rent it.
Red Flags: Documentation may raise suspicion if the employer’s address is shown as a post office box, accumulation of assets compared to the person’s income appears too high or low, the new house is too small to accommodate occupants, the person has no credit history, or the application is unsigned or undated, according to Fannie Mae.
3. Appraisal Fraud
The Scam: A faulty appraisal — saying a property is worth more than what it really is — is connected to many types of mortgage fraud. It entails manipulating or overstating comparables, market values, or property characteristics in order to obtain a higher appraisal. The higher property appraisal, which generates false equity, is done by falsifying an appraisal document or using an appraiser accomplice to obtain the higher value.
Red Flags: Be skeptical of appraisals that are dated prior to the sales contract, list comparable sales that do not contain similarities to the property or are outside the neighborhood, the owner is not the seller listed on the contract or the title, or a third party participating in the transaction orders the appraisal, Freddie Mac warns.
4. Illegal Property Flipping
The Scam: This entails purchasing properties and reselling them at inflated prices. These scams usually involve faulty appraisals and inaccurate loan documents. The property is then refinanced or resold immediately after purchase for an inflated value. The home is purchased at a higher price, often by straw buyers working with the “flipper,” and eventually falls into foreclosure.
Red Flags: Some key things to look for are rapid refinancing of a property; the seller recently having acquired the title or acquiring the title concurrent with the transaction; an appraisal that comes in too high; a property that was recently in foreclosure being purchased at a much lower price than its sales price; or the owner listed on the appraisal and title not matching the seller on the sales contract, according to Fannie Mae.
5. Short Sales Schemes
The Scam: Borrowers owe more than the current value of their home so they fake financial hardship and no longer make their mortgage payments. An accomplice of the borrower then submits a low offer to purchase the property in a short sale agreement. The lender agrees to the short sale, unaware that it was premeditated. The property, after being purchased at the reduced price, is then often resold at the home’s actual value for profit.
Red Flags: The borrower suddenly defaults on the mortgage with no workout discussions with the lender, an immediate offer is made to a lender at a short sale price, the short sale offer is less than current market value, or a cash back is offered at closing to the delinquent borrower (disguised as “repairs” or other payouts, for example) and is not disclosed to the lender, according to Fannie Mae.
You can report instances of suspected mortgage fraud to Stopfraud.gov.
5 Real Estate Scams You Need to Know About
Don't be duped by mortgage fraud. Here are a few common scams and the red flags you should look for in a transaction.
By Melissa Dittmann Tracey
August 2010
Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by mortgage fraud,” says Rachel Dollar, a lawyer from Santa Rosa, Calif., and editor of the Mortgage Fraud Blog. Mortgage fraud can lead to a spike in foreclosures, home values plummeting, and lenders raising their rates and fees to recover losses.
The crimes are often complex, involving several parties and occurring over multiple transactions. To protect you and your clients, educate yourself about mortgage fraud and be on guard for any warning signs in a transaction. You can start by reviewing these five scams, and then test your knowledge by taking our Mortgage Fraud Quiz.
1. The Foreclosure Rescue Scheme
The Scam: “Rescuers” promise cash-strapped home owners that they can save their home from foreclosure. The rescue, which involves paying upfront fees, can take multiple forms, such as the perpetrator obtaining a new loan on behalf of the owner or by having the owner sign over the home’s deed and then rent the home until they can repurchase it. Eventually, the home owner loses the home, either to foreclosure or the fictitious rescue company.
Red Flags: With foreclosure rescue programs, borrowers are often advised to sign over the title of their house to a third party, become renters of their home, not contact their lender, or send mortgage payments to a third party, according to Fannie Mae, which provides fact sheets on mortgage fraud.
2. Loan Documentation Fraud
The Scam: This fraud involves numerous schemes in which a borrower provides inaccurate financial information — such as about their income, assets, and liabilities — or employment status in order to qualify for a loan with lower rates and more favorable terms. Occupancy fraud is one growing area: Borrowers say they plan to live in the property when they actually intend to rent it.
Red Flags: Documentation may raise suspicion if the employer’s address is shown as a post office box, accumulation of assets compared to the person’s income appears too high or low, the new house is too small to accommodate occupants, the person has no credit history, or the application is unsigned or undated, according to Fannie Mae.
3. Appraisal Fraud
The Scam: A faulty appraisal — saying a property is worth more than what it really is — is connected to many types of mortgage fraud. It entails manipulating or overstating comparables, market values, or property characteristics in order to obtain a higher appraisal. The higher property appraisal, which generates false equity, is done by falsifying an appraisal document or using an appraiser accomplice to obtain the higher value.
Red Flags: Be skeptical of appraisals that are dated prior to the sales contract, list comparable sales that do not contain similarities to the property or are outside the neighborhood, the owner is not the seller listed on the contract or the title, or a third party participating in the transaction orders the appraisal, Freddie Mac warns.
4. Illegal Property Flipping
The Scam: This entails purchasing properties and reselling them at inflated prices. These scams usually involve faulty appraisals and inaccurate loan documents. The property is then refinanced or resold immediately after purchase for an inflated value. The home is purchased at a higher price, often by straw buyers working with the “flipper,” and eventually falls into foreclosure.
Red Flags: Some key things to look for are rapid refinancing of a property; the seller recently having acquired the title or acquiring the title concurrent with the transaction; an appraisal that comes in too high; a property that was recently in foreclosure being purchased at a much lower price than its sales price; or the owner listed on the appraisal and title not matching the seller on the sales contract, according to Fannie Mae.
5. Short Sales Schemes
The Scam: Borrowers owe more than the current value of their home so they fake financial hardship and no longer make their mortgage payments. An accomplice of the borrower then submits a low offer to purchase the property in a short sale agreement. The lender agrees to the short sale, unaware that it was premeditated. The property, after being purchased at the reduced price, is then often resold at the home’s actual value for profit.
Red Flags: The borrower suddenly defaults on the mortgage with no workout discussions with the lender, an immediate offer is made to a lender at a short sale price, the short sale offer is less than current market value, or a cash back is offered at closing to the delinquent borrower (disguised as “repairs” or other payouts, for example) and is not disclosed to the lender, according to Fannie Mae.
You can report instances of suspected mortgage fraud to Stopfraud.gov.
Friday, July 16, 2010
Something to remember in today's busy world!
Daily Inspiration from Walk the Talk.com
So you've got a problem? That's good! Why? Because repeated victories over your problems are the rungs on your ladder to success. With each victory you grow in wisdom, stature and experience. You become a bigger, better, more successful person each time you mend a problem and tackle and conquer it with apositive mental attitude.~W. Clement Stone
So you've got a problem? That's good! Why? Because repeated victories over your problems are the rungs on your ladder to success. With each victory you grow in wisdom, stature and experience. You become a bigger, better, more successful person each time you mend a problem and tackle and conquer it with apositive mental attitude.~W. Clement Stone
HOTTER THAN A FIRECRACKER!
Buyer, Buyer...who's got the Buyers? WE DO! July has proven to be a very busy month with real estate selling like firecrackers! Congrats to: Gene H., Debbie D., Eddie, Mike F., Glenn, Robert, Sara, Shaun, Marty, Trish, Jayme, Mark B. Gene C., Ruthie, Tim,....BELL RINGERS!
Thursday, July 1, 2010
Fireworks & Bells- Happy 4th of July!
In the spirit of Independence Day let's shoot off some Fireworks in place of Ringing the Bell!
Congrats to Gene Carter, Mark Hardee and Traci Miles for being agents of the week and selling some property! Great job guys!
I hope everyone has a safe and wonderful 4th of July!
Feel free to contact us if you're in Myrtle Beach for the holiday weekend and are interested in buying or selling some real estate! We'll be here!
Congrats to Gene Carter, Mark Hardee and Traci Miles for being agents of the week and selling some property! Great job guys!
I hope everyone has a safe and wonderful 4th of July!
Feel free to contact us if you're in Myrtle Beach for the holiday weekend and are interested in buying or selling some real estate! We'll be here!
Tuesday, June 29, 2010
June is a RINGER!
What a ride June has been for our business as well as all of the Grand Strand! Tourisim is alive and well in Myrtle Beach. Don't you just love summer and all the folks around here are happy? They're on vacation! What a great place to live and do business at the same time.
Enjoy the week!
Enjoy the week!
Wednesday, June 23, 2010
Steady Ringing @ Boling!
Another busy day @ Boling! Business meeting, smart discussions then back to work!
Congrats to the agents of "the day"! Marty Corley, Tom Richards, Robert Kingsley,
Tom again, Robert again, and Gene Carter! WHEW....
Is anybody else this busy????
Congrats to the agents of "the day"! Marty Corley, Tom Richards, Robert Kingsley,
Tom again, Robert again, and Gene Carter! WHEW....
Is anybody else this busy????
Tuesday, June 22, 2010
IT'S LOUD HERE!
BELLS, BELLS, BELLS RINGING!!
Congrats to the sales agents of the week (so far and it's only Tuesday!)
Ashley Harper, Kim Bodkin, Shaun Milligan, Robert Kingsley, Debbie Davis,
Marty Corley, Gene Carter, Reta Trent
Join a winning Company! Call 843.449.2121
Congrats to the sales agents of the week (so far and it's only Tuesday!)
Ashley Harper, Kim Bodkin, Shaun Milligan, Robert Kingsley, Debbie Davis,
Marty Corley, Gene Carter, Reta Trent
Join a winning Company! Call 843.449.2121
Thursday, June 17, 2010
Another BIG day here!
Buyer, Buyer, who's got the buyer? WE DO!
Congrats to the agents of the "day"!
Marty Corley, Tom Richards, Robert Kingsley, Gonca Ender, Mark Hardee, Traci Miles
Congrats to the agents of the "day"!
Marty Corley, Tom Richards, Robert Kingsley, Gonca Ender, Mark Hardee, Traci Miles
Century 21 Real Estate iPhone App
THIS WEEK'S FEATURE
GOAL: Generate LeadsHOW: CENTURY 21 Real Estate iPhone App
Today's savvy consumers want to engage interactively with a brand. They also want information immediately and conveniently, anytime and anywhere.
We are meeting the needs of today's consumer with the launch of the CENTURY 21® Real Estate iPhone app! This application is a highly functional tool, bringing CENTURY 21 innovation to life. It delivers local listings, open houses and community information based on the phone's internal GPS. Users have direct access to more information through the user-friendly List View, Map View, and Property Detail pages. Buyers researching local communities or pondering a move can enter any location nationwide and view neighborhood information, property values and school ratings.
With this new app, consumers can use the built-in camera to take photos of properties. They can also add personal notes and attach to saved listings. Most importantly, they can easily find a local CENTURY 21 Office and connect to the office to start a dialogue.
The CENTURY 21 Real Estate app is well positioned to be a "must have" tool for the new homebuyer and seasoned homebuyer alike. That means more leads for you!CENTURY 21: The Gold Standard.
GOAL: Generate LeadsHOW: CENTURY 21 Real Estate iPhone App
Today's savvy consumers want to engage interactively with a brand. They also want information immediately and conveniently, anytime and anywhere.
We are meeting the needs of today's consumer with the launch of the CENTURY 21® Real Estate iPhone app! This application is a highly functional tool, bringing CENTURY 21 innovation to life. It delivers local listings, open houses and community information based on the phone's internal GPS. Users have direct access to more information through the user-friendly List View, Map View, and Property Detail pages. Buyers researching local communities or pondering a move can enter any location nationwide and view neighborhood information, property values and school ratings.
With this new app, consumers can use the built-in camera to take photos of properties. They can also add personal notes and attach to saved listings. Most importantly, they can easily find a local CENTURY 21 Office and connect to the office to start a dialogue.
The CENTURY 21 Real Estate app is well positioned to be a "must have" tool for the new homebuyer and seasoned homebuyer alike. That means more leads for you!CENTURY 21: The Gold Standard.
Monday, June 14, 2010
IT'S HOT!! HOTTER REAL ESTATE MARKET
All our hard work is paying off! The news is now announcing that the Real Estate Market is rising...duh....we've been sharing this news with all for months! The Beach is packed with Happy Vacationers who would love to own here....We were once that vacationer...and made the committment....Best time of our life!!
Congrats to the Selling Agents for "the day"!!!
Jerry Ryba, Mike Finnigan, Kim Bodkin!!
Congrats to the Selling Agents for "the day"!!!
Jerry Ryba, Mike Finnigan, Kim Bodkin!!
Monday Morning MOJO! My favorite!
Walk the talk
Mon. June 14, 2010 Tom Tognoli
There are two types of people in the world. There are the “Givers,” those people who are always going out of their way to help others - lend a hand, give a positive comment, make you feel good, and encourage you. Then there are the “Takers.” This type of person is always trying to work the angles to benefit themselves. They are in it for Numero Uno and have their hand out looking for someone to give them something. They tend to dish out sarcastic comments, tearing you down, and suck the energy from you.
Which one are you?
Here is the interesting thing. Those who “give” get and those who “take” get taken away. It is a universal law of life we all need to understand if we want to accomplish our goals personally or professionally. On the surface it is so hard to get our heads around and comprehend. It is like saying if you want to go faster, take your foot off the gas. However, everything in life works that way. If we want to accomplish our goals, we have to help others accomplish theirs, but don’t do it for selfish reasons. Don’t do it just because it is going to help you accomplish your goal. Be genuinely connected with those you help, be in it for them. If you want to get fit and healthy, help others get fit and healthy. If you want to become closer to God, help others get closer to God. If you want to make more money, help other make more money. If you want to improve your business, help others improve their business.So, why is that?I think it subconsciously helps us have integrity and accountability with what we need to do to accomplish our goals. We can’t genuinely advise and help someone to do one thing, and then do something completely different. The best way to help someone is to show them how, not tell them - that’s called Leadership, actually it is called Servant Leadership.Someone once told me that if you want to know what your kids are going to be like when they grow up, it is not going to be what you say - look in the mirror and stare into the eyes of the person you see. That is what your kids are going to be like. You can’t ask others - whether it is your kids, your friends, your colleagues, etc. to get up early, workout, eat right, spend quality time with your family, invest, be focused, accountable and discipline at work – and then go about your day getting up late, never working out, eat like crap, never spending quality time with your family, spend every penny you make and be a lazy ass at work.It is like writing Monday Morning MOJO. People are always telling me how much they love getting it every Monday morning. I have thousands of people signed up from coast to coast who receive it every Monday morning, and by the time it gets forwarded on to other peoples distribution lists, who knows it may be reaching ten of thousands of people every week. The interesting thing is that the person who gets the most out of MOJO is me, because I have to take the time and write it - it burns the message into me. Then I have to have integrity with what I write. I can’t say go for it and have a great life, then sit on my ass and watch life pass me by.Make it a week of MOJO!
Mon. June 14, 2010 Tom Tognoli
There are two types of people in the world. There are the “Givers,” those people who are always going out of their way to help others - lend a hand, give a positive comment, make you feel good, and encourage you. Then there are the “Takers.” This type of person is always trying to work the angles to benefit themselves. They are in it for Numero Uno and have their hand out looking for someone to give them something. They tend to dish out sarcastic comments, tearing you down, and suck the energy from you.
Which one are you?
Here is the interesting thing. Those who “give” get and those who “take” get taken away. It is a universal law of life we all need to understand if we want to accomplish our goals personally or professionally. On the surface it is so hard to get our heads around and comprehend. It is like saying if you want to go faster, take your foot off the gas. However, everything in life works that way. If we want to accomplish our goals, we have to help others accomplish theirs, but don’t do it for selfish reasons. Don’t do it just because it is going to help you accomplish your goal. Be genuinely connected with those you help, be in it for them. If you want to get fit and healthy, help others get fit and healthy. If you want to become closer to God, help others get closer to God. If you want to make more money, help other make more money. If you want to improve your business, help others improve their business.So, why is that?I think it subconsciously helps us have integrity and accountability with what we need to do to accomplish our goals. We can’t genuinely advise and help someone to do one thing, and then do something completely different. The best way to help someone is to show them how, not tell them - that’s called Leadership, actually it is called Servant Leadership.Someone once told me that if you want to know what your kids are going to be like when they grow up, it is not going to be what you say - look in the mirror and stare into the eyes of the person you see. That is what your kids are going to be like. You can’t ask others - whether it is your kids, your friends, your colleagues, etc. to get up early, workout, eat right, spend quality time with your family, invest, be focused, accountable and discipline at work – and then go about your day getting up late, never working out, eat like crap, never spending quality time with your family, spend every penny you make and be a lazy ass at work.It is like writing Monday Morning MOJO. People are always telling me how much they love getting it every Monday morning. I have thousands of people signed up from coast to coast who receive it every Monday morning, and by the time it gets forwarded on to other peoples distribution lists, who knows it may be reaching ten of thousands of people every week. The interesting thing is that the person who gets the most out of MOJO is me, because I have to take the time and write it - it burns the message into me. Then I have to have integrity with what I write. I can’t say go for it and have a great life, then sit on my ass and watch life pass me by.Make it a week of MOJO!
Saturday, June 12, 2010
ANOTHER RING....
IT'S HOT HOT HOT...not just in temperture...but in Century 21 Boling's business!
Buyer, Sellers, New Agents....
Congrats to Traci Miles for another sale this week! Great Job Traci!!
Buyer, Sellers, New Agents....
Congrats to Traci Miles for another sale this week! Great Job Traci!!
Friday, June 11, 2010
TGIF..not for us....24/7
Is the Real Estate Market stable? Buyers think so!
Congrats to our selling agents of the day:
Shaun Milligan & Sara Boling
Great job!
Congrats to our selling agents of the day:
Shaun Milligan & Sara Boling
Great job!
Thursday, June 10, 2010
NOISY WEEK!
Noisy with the sound of bell ringing with business!!! Congrats to:
Gene Heidt, Shaun Milligan, Traci Miles, Gene Carter Jayme Crossingham, Trish Taylor, Fred Scott & Jerry Smith...
What a great day!!! Your buyers and sellers are SO lucky you work for them!!
Gene Heidt, Shaun Milligan, Traci Miles, Gene Carter Jayme Crossingham, Trish Taylor, Fred Scott & Jerry Smith...
What a great day!!! Your buyers and sellers are SO lucky you work for them!!
Tuesday, June 8, 2010
BELL RINGING...BUSY WEEK!
We're off to a great start for June! Coastal has won the ball game, tons of fans in town this weekend...and we're selling real estate every day!
Congrats to our successful agents for this week...and it's only Tuesday!
Jay Bonnoitt...selling everything @ Market Common! Way to go Jay!
Sara Boling ...vacationing and negotiating contracts on her listings!
Ruthie Kearns...negotiation contracts while in the hospital after her kayake ran into an oyster bed!
We just keep moving forward...one contract at a time...just many contracts in the day!!
Congrats to our successful agents for this week...and it's only Tuesday!
Jay Bonnoitt...selling everything @ Market Common! Way to go Jay!
Sara Boling ...vacationing and negotiating contracts on her listings!
Ruthie Kearns...negotiation contracts while in the hospital after her kayake ran into an oyster bed!
We just keep moving forward...one contract at a time...just many contracts in the day!!
Saturday, June 5, 2010
BELL RINGING!
Oh, what a GREAT week following Memorial Day! Bells ringing every day!
Congrats to the following agents for their sales this week!
Mark Hardee - 3 times!!!
Gene Carter
Robert Kingsley - double dipping!!
Several offers on the table.....
Congrats to the following agents for their sales this week!
Mark Hardee - 3 times!!!
Gene Carter
Robert Kingsley - double dipping!!
Several offers on the table.....
Friday, May 28, 2010
RINGING IN THE HOLIDAY!
OH YEAH....IT MAY BE A HOLIDAY WEEKEND, BUT WE'RE STILL SELLING REAL ESTATE!
ANOTHER GREAT MONTH FOR CENTURY 21 BOLING & ASSOCIATES!!
ANOTHER GREAT MONTH FOR CENTURY 21 BOLING & ASSOCIATES!!
Tuesday, May 25, 2010
RING RING R ING!
Yes, it another day of bell ringing here at C21 Boling!
Congrats to these agents for working the business, writing offers and making them work!
Gene Carter
Fred Scott
Jerry Smith
Marty Corley
Traci Miles
Gene Heidt
Sara Boling Gore
Way to go!!
Congrats to these agents for working the business, writing offers and making them work!
Gene Carter
Fred Scott
Jerry Smith
Marty Corley
Traci Miles
Gene Heidt
Sara Boling Gore
Way to go!!
Monday, May 24, 2010
YMCA SUPPORT...PLEASE
We have this wonderful YMCA finally built! But REMEMBER, programs always need our support. Please take a moment to read the attached, write your check and give yourself a pat on the back for supporting your community and your YMCA! Thanks!!!
Dear Friends of the “Y”,
The Claire Chapin Epps Family YMCA is at the threshold of an exciting future. Our new facility opened this past October and has already doubled it’s membership base. Your YMCA serves the Myrtle Beach community with health awareness, family support and youth development programs. We must keep pace with the demand.
Your YMCA is a community-based organization that has been and continues to be committed to the progressive development of people in spirit, mind and body. Since 1983, we have been mobilizing the energy, ideas and resources of people to provide programs and services that offer diverse opportunities to everyone in our community, including those who are disadvantaged or have special needs.
We ask that you consider partnering with your YMCA this year by donating to our 2010 Partnership with Youth Campaign. This year our goal is to double the number of partners to 500 while raising $53,000 for this program. We understand that this is a difficult time for everyone and this is why YOUR COMMUNITY needs YOUR SUPPORT now more than ever. Your YMCA continues to offer over $65,000 a year in program scholarships which enables families in need to participate in Y-After School, Summer Camp, Youth Sports, At-Risk Teen Programs and with the new YMCA now open, Learn to Swim Programs. Money raised through this campaign is used to provide financial assistance for children and youth to participate in these YMCA programs throughout the year. The YMCA turns no one away due to their inability to pay.
Every child, adult and senior citizen deserves the positive opportunities that YMCA programs and services provide, and we need community support to continue to make that possible for all. The YMCA's focus is to empower people. Character values of caring, honesty, respect and responsibility are incorporated in everything we do, including all of our children's programs.
Please use the enclosed pledge card to make your tax deductible donations. Donations can be mailed to: Claire Chapin Epps Family YMCA: PO Box 7338, Myrtle Beach, SC 29572. Checks should be made out to: YMCA. Our new YMCA building is complete, but programs NEVER end. Please give what you can…….Thanks.
With grateful appreciation,
Penny Boling
YMCA Board Memberback for supporting your community and our YMCA! Thanks!
Dear Friends of the “Y”,
The Claire Chapin Epps Family YMCA is at the threshold of an exciting future. Our new facility opened this past October and has already doubled it’s membership base. Your YMCA serves the Myrtle Beach community with health awareness, family support and youth development programs. We must keep pace with the demand.
Your YMCA is a community-based organization that has been and continues to be committed to the progressive development of people in spirit, mind and body. Since 1983, we have been mobilizing the energy, ideas and resources of people to provide programs and services that offer diverse opportunities to everyone in our community, including those who are disadvantaged or have special needs.
We ask that you consider partnering with your YMCA this year by donating to our 2010 Partnership with Youth Campaign. This year our goal is to double the number of partners to 500 while raising $53,000 for this program. We understand that this is a difficult time for everyone and this is why YOUR COMMUNITY needs YOUR SUPPORT now more than ever. Your YMCA continues to offer over $65,000 a year in program scholarships which enables families in need to participate in Y-After School, Summer Camp, Youth Sports, At-Risk Teen Programs and with the new YMCA now open, Learn to Swim Programs. Money raised through this campaign is used to provide financial assistance for children and youth to participate in these YMCA programs throughout the year. The YMCA turns no one away due to their inability to pay.
Every child, adult and senior citizen deserves the positive opportunities that YMCA programs and services provide, and we need community support to continue to make that possible for all. The YMCA's focus is to empower people. Character values of caring, honesty, respect and responsibility are incorporated in everything we do, including all of our children's programs.
Please use the enclosed pledge card to make your tax deductible donations. Donations can be mailed to: Claire Chapin Epps Family YMCA: PO Box 7338, Myrtle Beach, SC 29572. Checks should be made out to: YMCA. Our new YMCA building is complete, but programs NEVER end. Please give what you can…….Thanks.
With grateful appreciation,
Penny Boling
YMCA Board Memberback for supporting your community and our YMCA! Thanks!
Monday Business
It was a great weekend for our Open Houses! And for SELLING Real Estate!
Ring the Bell for these agents for their multiple contracts!
Mark Hardee - 4 contracts! WAY TO GO MARK!!!
Traci Miles - 3 contracts and MORE ON THE WAY! Amazing Traci!!!
May is finishing up as a month of success for many! Great job everyone!
Ring the Bell for these agents for their multiple contracts!
Mark Hardee - 4 contracts! WAY TO GO MARK!!!
Traci Miles - 3 contracts and MORE ON THE WAY! Amazing Traci!!!
May is finishing up as a month of success for many! Great job everyone!
Friday, May 21, 2010
Thank goodness it's Friday!
BUT, WE STILL HAVE SATURDAY AND SUNDAY TO SELL REAL ESTATE!
ANOTHER BELL RINGING DAY FOR OUR AGENTS!
CONGRATS TO:
DEBBIE DAVIS
DEAN HOUSTMAN - 3 SALES THIS WEEK!!
GREAT WEEK EVERYONE. NOW IT'S TIME FOR OUR OPEN HOUSES!!
ANOTHER BELL RINGING DAY FOR OUR AGENTS!
CONGRATS TO:
DEBBIE DAVIS
DEAN HOUSTMAN - 3 SALES THIS WEEK!!
GREAT WEEK EVERYONE. NOW IT'S TIME FOR OUR OPEN HOUSES!!
Thursday, May 20, 2010
BELL RINGING ALL DAY!
It's another SUCCESSFUL week here at C21 Boling! Our agents are working the market and listing and selling property every day!
RING THE BELL FOR THESE AGENTS:
Mike Finnegan
Tom Richards
Mark Hardee
Gene Carter
Gene CArter - again!
Deb Bullen
And the week isn't finished yet!
Congratulations on a job well done!
RING THE BELL FOR THESE AGENTS:
Mike Finnegan
Tom Richards
Mark Hardee
Gene Carter
Gene CArter - again!
Deb Bullen
And the week isn't finished yet!
Congratulations on a job well done!
Monday, May 17, 2010
OOPS...ANOTHER RING!
HERE'S ANOTHER RING FOR MONDAY......ANOTHER SALE THAT IS!!!
CONGRATS TO GENE CARTER....
CONGRATS TO GENE CARTER....
MONDAY, Ringing the BELL!
Another busy Monday @ Century 21 Boling! We ring the bell for every sale we get during the day....and the bell-ringers! Today's bell ringers are:
Shaun Milligan
Traci Miles
Trish Taylor
Jayme Crossingham
Glenn Hellofs
Shaun Millian...again!
Just a normal busy day here at the office!!
Shaun Milligan
Traci Miles
Trish Taylor
Jayme Crossingham
Glenn Hellofs
Shaun Millian...again!
Just a normal busy day here at the office!!
Friday, May 14, 2010
Thursday, May 13, 2010
I'M BACK!!!
It's time to get back to business now that I'm done being the MOB! I have attached my daughters wedding photo to share with all. She was a beautiful bride!
The real estate business in Myrtle Beach is moving fast! Multiple offers on properties or should I say "foreclosures" are happening often within certain resorts and neighborhoods.
Financing still remains the same...tight! That's why 40-45% of our buyers are paying cash. Amazing!
We do have Fannie Mae financing on the only oceanfront condo project in the Grand Strand, North Beach Plantation. Prices from pre-construction have adjusted down 35-40%. Let us know if you need any info on North Beach or any other properties that we are now sellling. And don't forget to ask for our updated foreclosure list!
Thursday, April 1, 2010
MARCH: ANOTHER RECORD SETTING MONTH
The Sales Associates @ Century 21 Boling are amazing! Give them a job and it's done! Give them a challenging market place and they go to work! Great job everyone!!
FLOOD INSURANCE
Because the US Congress argued over funding, the deal on flood insurance fell apart over the weekend. If you are working a transaction that involves flood insurance, contact your closing attorney ASAP. The US Congress failed to reach consensus on a spending bill last weekend so flood insurance is now a serious issue threatening transactions.The current situation is the result of the House and Senate's failure to agree on how to pay for the reauthorization of NFIP, along with a number of programs including unemployment insurance, COBRA health coverage, etc. that are all together in one bill.
For a while now, all that has been possible is a series of short term extensions. Before Congress recessed, all reports were that a deal was near; obviously it fell apart. There have been six flood extensions since September of 2008, and this is first one since 2002 where the program was not extended within a few days of the expiration date. Right now, NAR efforts are focused on clarifying with Federal agencies, GSEs, and the bank regulators, what is permitted. And, what they can do to help clarify what options lenders have.
The OTS guidance is an example of that. Also see the excerpt from the NFIP Manual in the adjacent sidebar, for further confirmation. NAR should have something from FHA and Fannie tomorrow; Freddie has issued something confusing, and NAR is seeking clarification. They will provide an update with the guidance, and have issued a targeted and expanded Call For Action. Unfortunately flood insurance has been caught up in a larger political debate over the federal deficit.
For more information, use these links:OTS GuidanceFEMA Memo & FAQsIf you're experiencing closing issues, please contact the SCR Legal Hotline at 800-233-6381 or email Byron King. Sincerely,Byron KingSCR VP & General Counsel
For a while now, all that has been possible is a series of short term extensions. Before Congress recessed, all reports were that a deal was near; obviously it fell apart. There have been six flood extensions since September of 2008, and this is first one since 2002 where the program was not extended within a few days of the expiration date. Right now, NAR efforts are focused on clarifying with Federal agencies, GSEs, and the bank regulators, what is permitted. And, what they can do to help clarify what options lenders have.
The OTS guidance is an example of that. Also see the excerpt from the NFIP Manual in the adjacent sidebar, for further confirmation. NAR should have something from FHA and Fannie tomorrow; Freddie has issued something confusing, and NAR is seeking clarification. They will provide an update with the guidance, and have issued a targeted and expanded Call For Action. Unfortunately flood insurance has been caught up in a larger political debate over the federal deficit.
For more information, use these links:OTS GuidanceFEMA Memo & FAQsIf you're experiencing closing issues, please contact the SCR Legal Hotline at 800-233-6381 or email Byron King. Sincerely,Byron KingSCR VP & General Counsel
Wednesday, March 17, 2010
Boasting BROKER!
Century 21 Boling is making a difference in the market every day, one listing, one sale at a time! When my Associates make a sale...we RING THE BELL! There is so much "bell ringing" going this month and past 4 months...that Company records are being re-set!!
Watch our video that was posted last week and see what kind of motivated associates we are!
Buyer or Selling...you need to know who's working. We don't do miracles...but we work hard and get the job done!
Watch our video that was posted last week and see what kind of motivated associates we are!
Buyer or Selling...you need to know who's working. We don't do miracles...but we work hard and get the job done!
HAPPY ST. PATRICKS DAY!
Hi, Everyone... "Diligence is the mother of good luck." That's the way Benjamin Franklin put it back in the 1700s.
The Roman philosopher Seneca said, "Luck is what happens when preparation meets opportunity.
"Here's what I think (after 44 years of experience - plenty of failures, some success - reading and listening to the stories of experts and those who've been through it all)...Luck is a force that makes things happen.
You want more luck...
Prepare.
Work hard to be ready for the opportunities that are important you.
Research. Practice. Perfect.
Be awake.
Pay attention to the people, events, and things around you.
Evaluate logically and trust your gut instinct.
Take action.
Put yourself out there.
Explore.
Be vulnerable.
Make contact with people.
Take risks.
Expect positive results. Optimism improves your chances. If (when) you fail, embrace the lesson and continue on, smarter. That's it.
Now go be lucky.Happy St. Patrick's Day!
Sam
Author of Smile & Move and 212
The Roman philosopher Seneca said, "Luck is what happens when preparation meets opportunity.
"Here's what I think (after 44 years of experience - plenty of failures, some success - reading and listening to the stories of experts and those who've been through it all)...Luck is a force that makes things happen.
You want more luck...
Prepare.
Work hard to be ready for the opportunities that are important you.
Research. Practice. Perfect.
Be awake.
Pay attention to the people, events, and things around you.
Evaluate logically and trust your gut instinct.
Take action.
Put yourself out there.
Explore.
Be vulnerable.
Make contact with people.
Take risks.
Expect positive results. Optimism improves your chances. If (when) you fail, embrace the lesson and continue on, smarter. That's it.
Now go be lucky.Happy St. Patrick's Day!
Sam
Author of Smile & Move and 212
Friday, March 12, 2010
Monday, March 8, 2010
Century 21 Boling Award Winning Video!!
My staff surprised me with their skit during our Award Banquet and WON!
http://www.youtube.com/watch?v=bBGI2AdCGFw
Enjoy...it will make you smile!
http://www.youtube.com/watch?v=bBGI2AdCGFw
Saturday, March 6, 2010
FULL SERVICE OFFICE @ MARKET COMMON
Century 21 Boling & Associates, Inc
@
Market Common
We are pleased to announce to all our homeowners @ Market Common that we now offer a “Full Service” Real Estate Office. NOW we can assist you with all your real estate needs; buying or selling anywhere on the Grand Strand!
.
Our location has not changed. We are still on the corner of Howard & Hackler. Even the phone number is the same: 843.839.2121…
.And YES, we can assist you in purchasing all new products at Market Common with buyer representation.
@
Market Common
We are pleased to announce to all our homeowners @ Market Common that we now offer a “Full Service” Real Estate Office. NOW we can assist you with all your real estate needs; buying or selling anywhere on the Grand Strand!
.
Our location has not changed. We are still on the corner of Howard & Hackler. Even the phone number is the same: 843.839.2121…
.And YES, we can assist you in purchasing all new products at Market Common with buyer representation.
Saturday, February 27, 2010
ANOTHER AWARD WINNING YEAR FOR BOLING!
Another Award winning year for Century 21 Boling & Associates, Inc.! Number #1 position as top producing Company in Commissions in South Carolina and the number #1 office within the Coastal Carolina Association of Realtors! Awards received for company are Double Centurion and Quality Service. Traci Miles was awarded the Centurion award and top producing agent for 2009 within C21 Boling. Other award winners are Tom Richards, Danny Baxley, Debbie Davis, Gene Carter, Sara Boling, Glenn Hellofs, Eddie Marshall, Karen Craigo, Tilley Wingo, Kevin Strickland, Robert Kingsley.
Century 21 Boling also was awarded the "Spirit Award" for 2010! An honor bestowed on the agents program presentation at the annual award banquet featured on our blog and facebook!
Century 21 Boling also was awarded the "Spirit Award" for 2010! An honor bestowed on the agents program presentation at the annual award banquet featured on our blog and facebook!
Sunday, February 14, 2010
Thursday, January 28, 2010
SOUTH CAROLINA NO LONGER A SECRET!!
Key Trends in Baby Boomers Moving in “Retirement”
2010 Del Webb Baby Boomer Survey
To move or not to move?
o About 1/3 of Baby Boomers plan to move to a new home during retirement.
o The desire to move during retirement is on the rise as 42% of today’s 50-year-olds plan to
do so as compared to 36% among the 1996 50-year-olds.
Where will you move?
o Approximately 50% of both age groups who plan to move during retirement plan to move
to a different state while about 25% of them plan to move to a different city within the same
state.
o The Carolinas are the New Florida among both the younger and older Baby Boomers.
Florida, Tennessee and Arizona also remain Top contenders.
o 50-year-old’s ranking of where to move: S. Carolina (20%), N. Carolina (16%), Florida
(15%), Tennessee (9%), Arizona (8%), California (8%), and Virginia (8%).
o 64-year-old’s ranking of where to move: N. Carolina (19%), S. Carolina (16%), Florida
(15%), Tennessee (12%), Virginia (10%), Arizona (6%), and California (6%).
So what’s important in deciding where to move?
o “Cost of living” and “healthcare” were the MOST important considerations in selecting a
location for both age groups.
How about age-restricted communities?
o Interest in age-restricted appears to peak after age 50. Of those Del Webbers who are
planning to move again, fully 10 to 1 indicate a preference for age restriction.
2010 Del Webb Baby Boomer Survey
To move or not to move?
o About 1/3 of Baby Boomers plan to move to a new home during retirement.
o The desire to move during retirement is on the rise as 42% of today’s 50-year-olds plan to
do so as compared to 36% among the 1996 50-year-olds.
Where will you move?
o Approximately 50% of both age groups who plan to move during retirement plan to move
to a different state while about 25% of them plan to move to a different city within the same
state.
o The Carolinas are the New Florida among both the younger and older Baby Boomers.
Florida, Tennessee and Arizona also remain Top contenders.
o 50-year-old’s ranking of where to move: S. Carolina (20%), N. Carolina (16%), Florida
(15%), Tennessee (9%), Arizona (8%), California (8%), and Virginia (8%).
o 64-year-old’s ranking of where to move: N. Carolina (19%), S. Carolina (16%), Florida
(15%), Tennessee (12%), Virginia (10%), Arizona (6%), and California (6%).
So what’s important in deciding where to move?
o “Cost of living” and “healthcare” were the MOST important considerations in selecting a
location for both age groups.
How about age-restricted communities?
o Interest in age-restricted appears to peak after age 50. Of those Del Webbers who are
planning to move again, fully 10 to 1 indicate a preference for age restriction.
Monday, January 18, 2010
SHORT SALE HELP ON THE WAY???
Business
Sunday, Jan. 17, 2010
Rules aim at short sales Policies to speed up process
By Paul Owers - Sun Sentinel
FORT LAUDERDALE, Fla. -- Financially stressed homeowners left hanging while their banks consider whether to approve the short sales of their properties may benefit from new federal guidelines that give lenders a 10-day limit in which to respond to purchase offers.
The rules from the U.S. Treasury, which also allow financial incentives for sellers and lenders, could figure prominently in the Grand Strand's housing market, where short sales have become extremely popular during the market's rut. A short sale occurs when the bank agrees to sell the house for less than what is owed on the mortgage so the seller can avoid foreclosure.
Gary Balanoff, a real estate agent with Re/Max Select in Oviedo, Fla., tells his clients to expect at least a 60-day wait when they try to buy or sell a home via a short sale.
Poll Do you think new federal rules will help speed up short sales along the Grand Strand?
New rules designed to speed up short sales
New rules designed to speed up short sales
Financially stressed homeowners left hanging while their banks consider whether to approve the short sales of their properties may benefit from new federal guidelines that give lenders a 10-day limit in which to respond to purchase offers.
The rules from the U.S. Treasury, which also allow financial incentives for both sellers and lenders, could figure prominently in Florida's housing market, where about one in every five existing-home purchases involves a short sale.
Gary Balanoff, a real-estate agent with Re/Max Select in Oviedo, Fla., tells his clients to expect at least a 60-day wait when they try to buy or sell a home via a short sale. And as Treasury's expedited short-sale process emerges between now and April, he said, he's not going to tell his clients any differently.
•
Obama expands housing help to include second mortgages
Obama expands housing help to include second mortgages
WASHINGTON รข€” The Obama administration expanded its efforts to prevent Americans from losing their homes, unveiling a program Tuesday that's designed to give financial incentives for companies to modify the terms of troubled second mortgages.
The new effort builds on the Making Home Affordable program, which was announced on Feb. 18 to arrest the rising rate of foreclosures by lowering homeowners' monthly payments. The administration now will give cash rewards to mortgage servicers, who act as bill collectors for investors who own pools of mortgages.
As many as 6 million homeowners nationwide are thought to be at risk of foreclosure over the next several years, potentially prolonging the worst housing slump in modern times and delaying an economic recovery. The administration hopes to help 4 million of these homeowners avoid foreclosure.
•
Don't know what liquidity is? Derivatives? Hedge fund?
Don't know what liquidity is? Derivatives? Hedge fund?
A number of financial terms have become a part of the daily conversation as the worst financial crisis in decades has deepened, affecting companies, industries and ordinary people. A slowdown that began in the real estate market has led to bank failures, plunging stock prices and an economy that may be hurtling toward a deep recession. The glossary below list short definitions for these terms. Basis point: One one-hundredth of 1 percentage point. Changes in interest rates are measured in basis points. So if the target Federal Funds rate was at 2 percent and it was cut by 50 basis points, the new target rate would be 1.5 percent. Collateralized debt obligations: A security backed by underlying bonds or other fixed-income assets. CDOs are made up of different tranches that are rated according to risk; the riskier tranches pay higher interest rates to investors. Credit rating agencies have been accused of failing to account for the risks that many CDOs posed and mistakenly gave them AAA ratings, the highest
•
Real Estate Mailbag
Real Estate Mailbag
DEAR BENNY: I live in Iowa, while my sister and her husband live in Florida. We want to buy a home together in Florida. They will pay for 50 percent of the home and I will pay for 50 percent. We will all be listed on the deed. What is the best way to hold title to the property? It is our intent that should any of the parties involved die, anyone left should have a right to live there for the balance of their life. What is the best way to designate how the property transfers upon the death of the last party involved? --Mickey
DEAR MICKEY: I don't practice law in Florida, so my answer has to be general in nature. You should consult with a local attorney in that state. Oversimplified, I recommend that title be held as follows: sister and her husband as tenants by the entirety as to half of the property and as tenants in common with you as to your half.
This way, if you die first, your last will and testament will provide guidance as to how you want your half to be distributed. You could make your sister
•
Mailbag
Mailbag
DEAR BENNY: With mortgage loan rates at record lows, I'm thinking of refinancing my 30-year fixed-rate loan. The lender is recommending that I roll into the refi amount the balances I owe on my car and two credit cards. The advantages would be that they'd be "paid off," the interest rate on the amounts would be lower than I'm currently paying on any of them, and the interest paid would be tax-deductible. But I see a big disadvantage, too. The total of the amounts on those five-year (on which I still have three years to pay) and revolving loans would now be amortized over 30 years! Does it make sense to do that? How can I figure out if it's a smart move or not? --Janet
DEAR JANET: I think it's a good idea, but only you -- and your pocketbook -- can make the final decision. The interest you pay on your car loan and on your credit cards is not deductible for income tax purposes. So your lender is offering you a deal whereby you pay less and at the same time have the opportunity to deduct the mortgage interest
And as the Treasury's expedited short-sale process emerges between now and April, he said, he's not going to tell his clients any differently.
"It's a very, very tough process to get some degree of standards," Balanoff said of short sales. "I think this will help -- it will put more pressure to comply and get quicker results. ... Three or four months of waiting for an answer is not doing anyone any good -- even lenders."
The effect of the new rules will likely be somewhat limited because only banks that owe the federal government TARP bailout funds must comply.
And according to Balanoff, even when certain banks do push for faster short sales, there is so little consistency among mortgage negotiators that he doesn't expect the new deadline measures to be applied or enforced evenly.
Many of the single-family mortgage holders along the Grand Strand are "under water," meaning they owe more than their homes are worth.
While short sales are considered an ideal solution for banks and for "under water" homeowners on the verge of foreclosure, the deals often drag on as lenders take weeks or months to decide what to do.
Frustrated buyers sometimes walk away during the delays. In some cases, lenders insist that the borrowers share in the financial loss, which holds up the transactions even longer. As a result, homes stay on the market, prolonging the housing downturn.
The Treasury rules, in addition to imposing a 10-day deadline for bank decisions, call for sellers to receive $1,500 moving allowances -- and for the sellers to not have to repay any of the debt.
Also, lenders will get $1,000 to cover administrative and processing costs, while investors owning the mortgages will receive a maximum $1,000 for allowing as much as $3,000 of a short sale's proceeds to be distributed to less senior lenders.
The 83 loan servicers participating in the Obama administration's Making Home Affordable loan-modification program, including Bank of America and JPMorgan Chase, are required to follow the guidelines for all borrowers who have requested short sales or who did not complete loan modifications.
The rules do not specifically apply to loans guaranteed by Fannie Mae or Freddie Mac, which constitute about half of all U.S. mortgage debt.
The two government-run mortgage companies are working on their own guidelines.
The Treasury plan, which must be implemented by lenders no later than April, is meant to help sellers like Dawn Sclafani, who has been waiting since October for her lender to approve a short sale offer on her South Florida home. A buyer has offered $155,000, and she owes $233,000.
Sclafani, a 50-year-old psychologist who lives in Margate, Fla., said she is eager for her bank to approve the deal so she can put the experience behind her.
U.S. Rep Ron Klein, D-Fla., said the guidelines are meant to make short sales "a more usable tool." Klein notes that the rules provide standardized paperwork for all short sales, and give buyers and sellers a more reasonable time frame for finding out whether or not the sales will happen.
But Klein and others say the government may have to increase the financial incentives. The $3,000 cap on short-sale proceeds to less-senior lenders is not sitting well with second-lien holders, who have been demanding more money from sellers, the first lenders and real-estate agents in exchange for releasing their claims and allowing the short sales to proceed.
"This is a great program if all these mortgages had only one lien holder," said Travis Hamel Olsen, chief operating officer for Loan Resolution Corp., an Arizona company that helps lenders complete short sales. "But many of these properties have two liens."
Sunday, Jan. 17, 2010
Rules aim at short sales Policies to speed up process
By Paul Owers - Sun Sentinel
FORT LAUDERDALE, Fla. -- Financially stressed homeowners left hanging while their banks consider whether to approve the short sales of their properties may benefit from new federal guidelines that give lenders a 10-day limit in which to respond to purchase offers.
The rules from the U.S. Treasury, which also allow financial incentives for sellers and lenders, could figure prominently in the Grand Strand's housing market, where short sales have become extremely popular during the market's rut. A short sale occurs when the bank agrees to sell the house for less than what is owed on the mortgage so the seller can avoid foreclosure.
Gary Balanoff, a real estate agent with Re/Max Select in Oviedo, Fla., tells his clients to expect at least a 60-day wait when they try to buy or sell a home via a short sale.
Poll Do you think new federal rules will help speed up short sales along the Grand Strand?
New rules designed to speed up short sales
New rules designed to speed up short sales
Financially stressed homeowners left hanging while their banks consider whether to approve the short sales of their properties may benefit from new federal guidelines that give lenders a 10-day limit in which to respond to purchase offers.
The rules from the U.S. Treasury, which also allow financial incentives for both sellers and lenders, could figure prominently in Florida's housing market, where about one in every five existing-home purchases involves a short sale.
Gary Balanoff, a real-estate agent with Re/Max Select in Oviedo, Fla., tells his clients to expect at least a 60-day wait when they try to buy or sell a home via a short sale. And as Treasury's expedited short-sale process emerges between now and April, he said, he's not going to tell his clients any differently.
•
Obama expands housing help to include second mortgages
Obama expands housing help to include second mortgages
WASHINGTON รข€” The Obama administration expanded its efforts to prevent Americans from losing their homes, unveiling a program Tuesday that's designed to give financial incentives for companies to modify the terms of troubled second mortgages.
The new effort builds on the Making Home Affordable program, which was announced on Feb. 18 to arrest the rising rate of foreclosures by lowering homeowners' monthly payments. The administration now will give cash rewards to mortgage servicers, who act as bill collectors for investors who own pools of mortgages.
As many as 6 million homeowners nationwide are thought to be at risk of foreclosure over the next several years, potentially prolonging the worst housing slump in modern times and delaying an economic recovery. The administration hopes to help 4 million of these homeowners avoid foreclosure.
•
Don't know what liquidity is? Derivatives? Hedge fund?
Don't know what liquidity is? Derivatives? Hedge fund?
A number of financial terms have become a part of the daily conversation as the worst financial crisis in decades has deepened, affecting companies, industries and ordinary people. A slowdown that began in the real estate market has led to bank failures, plunging stock prices and an economy that may be hurtling toward a deep recession. The glossary below list short definitions for these terms. Basis point: One one-hundredth of 1 percentage point. Changes in interest rates are measured in basis points. So if the target Federal Funds rate was at 2 percent and it was cut by 50 basis points, the new target rate would be 1.5 percent. Collateralized debt obligations: A security backed by underlying bonds or other fixed-income assets. CDOs are made up of different tranches that are rated according to risk; the riskier tranches pay higher interest rates to investors. Credit rating agencies have been accused of failing to account for the risks that many CDOs posed and mistakenly gave them AAA ratings, the highest
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Real Estate Mailbag
Real Estate Mailbag
DEAR BENNY: I live in Iowa, while my sister and her husband live in Florida. We want to buy a home together in Florida. They will pay for 50 percent of the home and I will pay for 50 percent. We will all be listed on the deed. What is the best way to hold title to the property? It is our intent that should any of the parties involved die, anyone left should have a right to live there for the balance of their life. What is the best way to designate how the property transfers upon the death of the last party involved? --Mickey
DEAR MICKEY: I don't practice law in Florida, so my answer has to be general in nature. You should consult with a local attorney in that state. Oversimplified, I recommend that title be held as follows: sister and her husband as tenants by the entirety as to half of the property and as tenants in common with you as to your half.
This way, if you die first, your last will and testament will provide guidance as to how you want your half to be distributed. You could make your sister
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Mailbag
Mailbag
DEAR BENNY: With mortgage loan rates at record lows, I'm thinking of refinancing my 30-year fixed-rate loan. The lender is recommending that I roll into the refi amount the balances I owe on my car and two credit cards. The advantages would be that they'd be "paid off," the interest rate on the amounts would be lower than I'm currently paying on any of them, and the interest paid would be tax-deductible. But I see a big disadvantage, too. The total of the amounts on those five-year (on which I still have three years to pay) and revolving loans would now be amortized over 30 years! Does it make sense to do that? How can I figure out if it's a smart move or not? --Janet
DEAR JANET: I think it's a good idea, but only you -- and your pocketbook -- can make the final decision. The interest you pay on your car loan and on your credit cards is not deductible for income tax purposes. So your lender is offering you a deal whereby you pay less and at the same time have the opportunity to deduct the mortgage interest
And as the Treasury's expedited short-sale process emerges between now and April, he said, he's not going to tell his clients any differently.
"It's a very, very tough process to get some degree of standards," Balanoff said of short sales. "I think this will help -- it will put more pressure to comply and get quicker results. ... Three or four months of waiting for an answer is not doing anyone any good -- even lenders."
The effect of the new rules will likely be somewhat limited because only banks that owe the federal government TARP bailout funds must comply.
And according to Balanoff, even when certain banks do push for faster short sales, there is so little consistency among mortgage negotiators that he doesn't expect the new deadline measures to be applied or enforced evenly.
Many of the single-family mortgage holders along the Grand Strand are "under water," meaning they owe more than their homes are worth.
While short sales are considered an ideal solution for banks and for "under water" homeowners on the verge of foreclosure, the deals often drag on as lenders take weeks or months to decide what to do.
Frustrated buyers sometimes walk away during the delays. In some cases, lenders insist that the borrowers share in the financial loss, which holds up the transactions even longer. As a result, homes stay on the market, prolonging the housing downturn.
The Treasury rules, in addition to imposing a 10-day deadline for bank decisions, call for sellers to receive $1,500 moving allowances -- and for the sellers to not have to repay any of the debt.
Also, lenders will get $1,000 to cover administrative and processing costs, while investors owning the mortgages will receive a maximum $1,000 for allowing as much as $3,000 of a short sale's proceeds to be distributed to less senior lenders.
The 83 loan servicers participating in the Obama administration's Making Home Affordable loan-modification program, including Bank of America and JPMorgan Chase, are required to follow the guidelines for all borrowers who have requested short sales or who did not complete loan modifications.
The rules do not specifically apply to loans guaranteed by Fannie Mae or Freddie Mac, which constitute about half of all U.S. mortgage debt.
The two government-run mortgage companies are working on their own guidelines.
The Treasury plan, which must be implemented by lenders no later than April, is meant to help sellers like Dawn Sclafani, who has been waiting since October for her lender to approve a short sale offer on her South Florida home. A buyer has offered $155,000, and she owes $233,000.
Sclafani, a 50-year-old psychologist who lives in Margate, Fla., said she is eager for her bank to approve the deal so she can put the experience behind her.
U.S. Rep Ron Klein, D-Fla., said the guidelines are meant to make short sales "a more usable tool." Klein notes that the rules provide standardized paperwork for all short sales, and give buyers and sellers a more reasonable time frame for finding out whether or not the sales will happen.
But Klein and others say the government may have to increase the financial incentives. The $3,000 cap on short-sale proceeds to less-senior lenders is not sitting well with second-lien holders, who have been demanding more money from sellers, the first lenders and real-estate agents in exchange for releasing their claims and allowing the short sales to proceed.
"This is a great program if all these mortgages had only one lien holder," said Travis Hamel Olsen, chief operating officer for Loan Resolution Corp., an Arizona company that helps lenders complete short sales. "But many of these properties have two liens."
Monday, January 11, 2010
Saturday, January 9, 2010
CONGRATULATIONS!
Congratulations to all of my Associates and Staff for a wonderful, successful year! You all did an amazing job in this market place and landed Century 21 Boling & Associates, Inc. in the Number #1 Position in our MLS for offices! Your challenges were great but you all moved forward to make a difference for all of your buyers and sellers. Our staff supported us all to give us the freedom to do our jobs of listing and selling real estate during 2009. I applaud you too! Our market is changing daily and so are we to meet this market with our continued training and motivation!
WELL DONE Century 21 Boling Associates & Staff
Your Broker,
Penny B
WELL DONE Century 21 Boling Associates & Staff
Your Broker,
Penny B
Wednesday, January 6, 2010
KEEP WARM...Ideas from my friends at FSA
Brrrr, It's Cold!Issue 1 January 5, 2010
We got our first taste of winter this week on the Grand Strand. Stay warm and think Spring!! Here are some helpful cold weather hints from your friends at FSA-Full Steam Ahead. We will help you save some money and help you from encountering any burst water pipes.
Preventing Frozen Pipes: Insulate your pipes that are in crawl spaces and attic. Do not be shy in the amount of insulation that you use.
Seal leaks that allow cold air inside your home where the pipes are located. Look for leaks around dryer vents,pipes & electrical wiring.
Disconnect your garden hose if you have one.
A trickle of hot & cold water might be all that it takes to keep your pipes from freezing. Open the cabinet doors to allow heat to get to insulated pipes under sinks & appliances near exterior walls.
Reverse the ceiling fan. This forces hot air down from the ceilings in your home.
If you are going out of town, make sure you keep the thermostat no lower than 55 degrees F. Have a friend or neighbor check your house daily.
Shut off and drain the water system. Note: this will affect your fire protection sprinkler system.
If you do encounter frozen pipes call a licensed plumber and then call FSA- Full Steam Ahead Inc.@ 843-626-7391!
We hope you find these hints helpful and if you do encounter any burst water pipes, call FSA-Full Steam Ahead @ 843-626-7391. We respond 24 hours a day and on time. Let FSA-Full Steam Ahead take on the burden of repairing your home. Copyright 2010
We got our first taste of winter this week on the Grand Strand. Stay warm and think Spring!! Here are some helpful cold weather hints from your friends at FSA-Full Steam Ahead. We will help you save some money and help you from encountering any burst water pipes.
Preventing Frozen Pipes: Insulate your pipes that are in crawl spaces and attic. Do not be shy in the amount of insulation that you use.
Seal leaks that allow cold air inside your home where the pipes are located. Look for leaks around dryer vents,pipes & electrical wiring.
Disconnect your garden hose if you have one.
A trickle of hot & cold water might be all that it takes to keep your pipes from freezing. Open the cabinet doors to allow heat to get to insulated pipes under sinks & appliances near exterior walls.
Reverse the ceiling fan. This forces hot air down from the ceilings in your home.
If you are going out of town, make sure you keep the thermostat no lower than 55 degrees F. Have a friend or neighbor check your house daily.
Shut off and drain the water system. Note: this will affect your fire protection sprinkler system.
If you do encounter frozen pipes call a licensed plumber and then call FSA- Full Steam Ahead Inc.@ 843-626-7391!
We hope you find these hints helpful and if you do encounter any burst water pipes, call FSA-Full Steam Ahead @ 843-626-7391. We respond 24 hours a day and on time. Let FSA-Full Steam Ahead take on the burden of repairing your home. Copyright 2010
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