The Northern Michigan Chapter of the Women's Council of Realtors is presenting a Top Producer Panel. This panel discussion will be hosted at the Holiday Inn in Traverse City on October 1, 2009. We will hear from 3 of the top producing agents in the Grand Traverse Area on how to survive and thrive in our current economic situation. Come join us for some great insight on our current market?
When: October 1, 2009
Where: Holiday Inn, Traverse City
Time: 11:30 - 1:30
Cost: $12 for WCR members and $16 for Non Members
Lunch will be provided
It was just announced Friday, that Traverse City loan processing centers for Bank of America are closing down. All loan processing will be done down state. I think that we will continue to see the consolidation of these loan processing centers through the country. It is all part of the lending institutions making an attempt to once again be profitable. Consumers and Realtors should not be alarmed at this situation, as it should still be a seamless process for the loan applications. A strong loan officer will be able work through the challenge of not having a local processor for their files and the consumer should not see any delays in their transactions.
I use a loan officer from Bank of America, Holly Hack here in Traverse City and she is fabulous. One of the elements that sets her apart is the fact that she was once a loan processor. Working the backof the house has enabled her to know the loan application and processing system frontwards and backwards. She knows everything that the processors are going to ask for based on the issue that a file may have. Having someone with this sort of insight to the loan application process is invaluable.
If you are looking for a mortgage or to re-finance, give Holly a try. Her direct line is 231-409-0771.
Northern Michigan Chapter of Women's Council of Realtors will be hosting a Top Producer panel in Traverse City, MI.
Join us for a special luncheon event on October 1, 2009. A panel discussion offering "Tips and Techniques on How to List and SEll in our current business environment" Linda Schaub, Deb Hall and Dewayne Kirkman have all been highly successful in the Real Estate Market and continue to excel, using skills and business techniques that allow their clients success in one of the most demanding markets we have experienced. They will share how they have put their brand in the marketplace, and provide valuable industry information and tools to achieve success in the real estate sales business.
Location: Holiday Inn -
Time: Luncheon 11:30 - 1:30
Cost: $12 for WCR members and $16 for non-members
Please RSVP by September 28th 231-941-2121 ext 301
I am excited to announce that Northern Michigan now has a chapter of Women's Council of Realtors. We have been working diligently since July to form our chapter. Currently, we have 25 Realtor members and 10 Affiliate members. For those of you who may not be familiar with WCR, it is a fabulous organization for both women and men.
Nationally, WCR has over 16,000 members. WCR is not only a wonderful networking organziation but they are founded on the basic principals of helping its membership grow their business through leadership training as well as referrals from other members.
The mission of the organization is to build and sustain a strong sense of professional community, create business opportunities, provide educational content relevant to today's real estate professional, create opportunities to try new skills in a supportive environment.
If you do not have a chapter in your area, any Realtor can start a WCR Local Chapter by following the guidelines set forth by WCR. Everything that you need to know about WCR can be found on their web site www.wcr.org.
The Northern Michigan Chapter is hosting an event on October 6, 2009. In conjunction with our local Board of Realtors, we are bringing National Speaker, Andrew Wooten to our community. Andrew speaks Nationally on Safety and Identity Theft. We are lucky enough to have him here in Northern Michigan for three speaking engagements on the 6th of October. He will be in Empire at Century 21 Sleeping Bear Realty from 9:00 am - 10:30 am, Traverse Area Association of Realtors from 1:00 pm - 2:30 pm, and at the Kalkasks Kaliseum from 3:30 pm - 5:00 pm. To register or get additional information, contact Lora at Lora@taar.com.
Christine Stalsonburg, Realtor
Coldwell Banker Schmidt Realtors
"A Tradition of Sound Advice"
231-944-0854
There are no bigger buzz words in real estate today than "Short Sale" and "Foreclosure". Everyone wants to buy one of these two gems because they believe that they are the best deals on the market.
You might be surprised to find that this could not be further from teh truth. Although, there are many great deals out there in these two categories, there are equally as many great deals in the market that are not short sales or foreclosure properties.
If you are interested in pursuing a short sale or foreclosure there are some things that you shoud first take into consideration:
Once you make an offer you wait weeks, sometimes months to get a response. Not having an answer can be stressful.
You have no real idea what you are buying. You won't get any information. You have no history on the house. Is there something hidden about its condition? Even inspections do not reveal everything. You could be buying a money pit.
These home sare customarily sold "As Is" and most lenders do not make any repairs to the homes before they close. Many times there has been significant damage done to the homes by the previous owners that will result in costly repairs.
The closing process can take month.
The lenders do not return the signed documents sometimes for weeks. Meanwhile you don't have an executed contract. Lenders can and sometime do change their mind and refuse your offer after accepting it. There are usually pages of lender addendum's that will accompany an accepted offer and ALL of these documents are in the lender's favor and will usually allow them to accept other offers up to the day of closing. Again, this leaves you not knowing if you really have a deal.
The one thing that we can be sure of when dealing with Short Sales and Foreclosure properties is that they are setting the market value of homes. When Realtors educate their sellers to these facts, motivated sellers will price their homes in accordance with this new information.
The lesson to learn here is that there are many real "Bargains" out there that are well maintained, have an available history, have fair, realistic market prices and motivated, realistic sellers.
Christine Stalsonburg, Realtor
Coldwell Banker Schmidt Realtors
"A Tradition Of Sound Advice"
231-944-0854
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