BILL CHERRY

There's good news for two catagories of home buyers:

• The $8,000 first-time homebuyer tax credit has been extended.
• There's now a $6,500 tax credit for anyone who buys a home and who has lived in their crrent home for any five consecutive years of the past eight years.

The old version of the tax credit was set to expire at the end of November, and the old version did nothing to stimulate home owners who wanted to sell their current home and move-up to a more expensive one.

The new rule will also give additional incentive to those who wish to move to other parts of the country, perhaps for another job or for retirement. And then there are those who really want to downsize now that their children are no longer living at home.

At Bill Cherry, Realtors, we are happy to assist you in finding a home, whether you qualify for one of these new tax breaks or not. But with these incentives, it is an especially good time, in our opinion, to buy your first home, or to sell your existing home and move to another.

BILL CHERRY, REALTORS

DALLAS - HIGHLAND PARK

SINCE 1964

214 503-8563

WEB

My friend has been in the mortgage banking business for many years. In fact, he's been president of this-and-that mortgage banking association.

Here's his latest story:

A young pastor accepted the call of one of the enduring longtime medium churches here in Dallas. And it's associated with one of the major denominations.

Of course his wife and children came with him.

Now after 21 months of searching the real estate market, they found the home that would suit their family just fine -- near the church, near the wife's employment, and a stone's throw from the church-affiliated school they picked for the children to attend.

So the plan was to apply for and get an 80% FHA home loan. You know the ones that have rates of less than 5.50% for thirty years; the ones that if you haven't owned a home in three years, the government will give you an $8,000 tax credit.

Well all was going fine until the underwriter was checking out the couple's employment. The pastor had come to Dallas several months before his wife and children were able to move.

So even with a down payment of 20%, $20,000 more in cash left over in their savings account, the loan was denied. You see, they wouldn't count the wife's income because she had only been employed in Dallas for twenty-one months. They wanted her to show a full two years.

Explain to me how making a home loan to this couple was anything more than a minimal risk.

Can't do it...

But this and countless other examples of government over-kill is why this economy is in shambles and why lenders are taking back homes by the thousands.

Does the National Association of Realtors have lobbyist? Do they ever lobby anything? Or is their job to collect dues and dream up and print little brochures that they can sell the membership to give to potential buyers and sellers?

BILL CHERRY, REALTORS

Since 1964

DALLAS - HIGHLAND PARK

214 503-8563

WEB

REALTOR BILL CHERRY

LEARN WHY HOMES DON'T SELL
________________________________________

REMEMBER THOSE BIG ADS BRAGGING ABOUT THEIR SALES?

Many of those who ran the big braggadocios ads about their real estate sales expertise have evaporated into thin air.

THEY'RE GONE...OUT OF BUSINESS!

You see, in reality their real estate prowess was nothing more than their own aberration. Anybody could sell homes back then, for goodness sakes.

BUT EVEN THEN, THE MAJORITY NEVER SOLD MORE THAN 10 HOMES IN THEIR ENTIRE CAREERS!

Now it's time to go back to using Old Faithfuls when you need a Realtor.

I'VE SOLD THOUSANDS! BEEN AT IT FOR 45 YEARS! SO WHO DO YOU WANT TO REPRESENT YOU?

Hands down, the most HANDS ON Realtor serving Dallas. Our Comparative Market Analyses are both free and reliable. We usually sell our listings in just 45 days!

SO HERE'S HOW YOU CAN LEARN WHY HOMES DON'T SELL!

Call or email for our CD titled "A REALTOR'S SECRET WEAPONS!" It's free, there's no obligation, and I'm holding a copy for you. CALL 214 503-8563 OR EMAIL cherrysells@aol.com and merely leave your name and address with my assistant. No salesman will call you unless you specifically request it.

Since 1964.
BILL CHERRY, REALTORS
9936 Windlake Circle, Dallas 75238
214 503-8563
FAX 214 666-9985

http://www.billcherryrealtor.com
http://www.eons.com/blogs/entry/514834-BILL-CHERRY-BIOGRAPHY

Biography selected by the editors of Marquis Publishing Co. for inclusion in the prestigious - WHO'S WHO IN AMERICA, WHO'S WHO IN BUSINESS AND FINANCE, & WHO'S WHO IN THE WORLD and of course, WHO'S WHO IN U.S. REAL ESTATE.

BILL CHERRY, REALTORS

DALLAS - HIGHLAND PARK

SINCE 1964

214 503-8563

If you'll recall, Christian churches and Jewish synagogues, have pushed as one of the primary factors of staying right with God, the biblical requirement called tithing.

In the main, tithing is founded in the concept that everything we have was the result of a gift from God; therefore, we should give back at lt least 10% of it to the furthering of His work on earth.

Ministers, priests and rabbis take time at least once a year to remind their congregants that they need to be regular contributors, and that, while the church or synagogue will gladly take whatever amount the member chooses to give, in reality they expect you to tithe,

But here's the missing ingredient. For whatever the reason, church officials, in the main, have never pushed the concept that members should first try to do business with each other before they employ the services of those outside of the church's membership.

Supporting those with the same beliefs as yours has enormous merit, starting with that it builds the value of your membership in the church.

Years ago, my church needed to raise a sizable amount fast. Its big pipe organ had been seriously damaged by a Galveston hurricane. So, I took on the task of being the head of the committee that would raise the money as well as find the organ designer and builder.

The hardest part was going to be raising the money. While it had been in the past, the church was no longer one that had many wealthy members.

So I came up with an idea: For every piece of real estate my company sells that involve a member of the church or member of his family, we will contribute 10% over and above my personal contributions, to the church's organ fund.

By example, we got the other business owners and the insurance salesmen, car salesmen, doctors, etc., to agree to follow suit.

We raised the money in record time, and we even had sufficient funds left over to add an exciting rank of pipes known as trumpets en chamade (which I may have misspelled here).

The excitement this campaign brought to the church was electrifying, and the attendence reached dramatic new records.

Nevertheless, as soon as the organ was built and installed, the parish saw no reason to encourage the continuance of special tithe campaigns. Attendence went back to about where it had been and the church facilities resumed their aging and tired look because of lack of money.

Many churches find membership dropping, facilities wearing out, church member fellowship waining. I submit that programs like the one we used to raise funds for our new church organ can go a long way toward reversing those trends.

And it's the perfect place for Realtors to make a difference and be in sync with the Lord.

BILL CHERRY, REALTORS

DALLAS - HIGHLAND PARK

SINCE 1964

214 503-8563

WEB

Some Active Rain friends that you surely know, too, are good about sending referrals to me. And what makes it even more interesting is that they pick me, an independent, over someone within their franchise's referral network.

Of course I'm complimented. But I also know that their choice comes from their experience with others when contrasted to their experience with me.

• They know I will always understand and respect that the client is not my client, but theirs. I'm merely a straw party who's taking their place since they are far away.
• They know I am competent; that I've been in business for many years; and they know that my reputation as a Realtor is and always has been excellent.
• They know I will keep them informed as to the progress, and ask them for their counsel when it will help me represent their client.
• And finally, they know that the day the transaction closes, I will instruct the title company to send them their referral fee at the same time the title company disburses my check. None of this stuff of sending it to them when I get around to it,

What is often overlooked is simply understanding who's your client. The referral from you to me never becomes my client. He's your client from beginning to end. I'm filling in for you.

Here's another example: When I open escrow for my clients at a title company, oft times the escrow officer will begin calling the party their client. Nothing could be further from the truth. I'm the one that's the title company's client. Without me, it's reasonable to assume there might not have been a sale, much less that escrow would have been opened in that title company's office.

Last week, a well-known title office here in Dallas forgot who brought them to the dance. It was the second time they had done that. So I pulled my new files, and I won't be closing there anymore unless a client specifically requests it.

So what's my message? No matter where you and your services fit in a particular real estate transaction, it's important to know whose client you're serving, and to honor that relationship almost to a fault.

BILL CHERRY, REALTORS

DALLAS - HIGHLAND PARK

SINCE 1964

214 503-8563

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