Zolve Featured posts http://realestateblognet.com Just another Real Estate Blog Mon, 11 May 2009 17:32:38 +0000 http://realestateblognet.com/?v=2.7 en Where to Start with Your Blog http://realestateblognet.com/?p=146 http://realestateblognet.com/2009/05/01/start-blog/#comments Fri, 01 May 2009 17:02:00 +0000 Brian Wilson http://realestateblognet.com/?p=146 You now have a killer, fully-customizable blog that you can use to share your market knowledge What to do... what to do...and earn new clients… but where to begin??? Here are some first steps that I would recommend to get things all set up and moving along:

1. Go to your dashboard…this is where you control your blog so learn how to get here.  You can get here by saving the link in your bookmarks, by clicking on “dashboard” in the admin bar at the top of the page or by clicking on the “site admin” link on your blog’s homepage if the theme you have has that link.

2. Add your real name and customize your password…  from the dashboard, look at the top of the page and click on your username.  Follow these steps on this page:

  1. Enter your www.zolve.net profile username first.  If you don’t have a Zolve profile, then, well… you should.  It is quick, free and easy and helps you grow your business.  It will also serve as your “about” page for your blog.
  2. Enter your first and last name or enter a nickname you want to go by.  Scroll to the bottom of the page and click “update profile”
  3. Now, go back to the name area and choose from the dropdown options under “display name” the name you want to go by. 
  4. Scroll to the bottom of the page and enter an easy to remember password for yourself.  Then click on “Update profile” again to save your display name and customized password.

3. Add your picture… your picture or logo is important on a network like this.  On the left side of your dashboard, find the “Users” section and click on “Your Avatar.”  On this page, you can upload your picture or logo, crop it to the right size and now appear as a person with personality on the network.

4. Use your own domain name!  This is important. Using your own domain name like www.woodlandsmarketreport.com is not required but highly recommended.  If you put a lot of effort and time into your blog, then you are going want to own the domain name that you have poured that effort into.  Zolve makes this crazy-easy to do.  Follow the simple instructions on this post.

5. Write your first post… you have to get started. Don’t wait until you have the perfect story. Just write.  Write from your personality and from you experience and people will enjoy reading it.  If you try to write to please everyone, you will end up pleasing no one.

7. Comment on other blog posts across the network…  This is the whole point!  The advantage to blogging on a network like this over having your own independent WordPress blog is that in the latter case no one will read it for a long time.  When you are part of network, you can support and be supported.  Not only will this make it more fun to build your blog but this activity, linking, commenting, etc. will help your blog perform on the search engines.

more to follow… until then, comment on this post if you have specific questions and I will reply.

Brian

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How to use your own domain name in 2 minutes http://realestateblognet.com/?p=151 http://realestateblognet.com/2009/05/01/domain-2-minutes/#comments Fri, 01 May 2009 17:16:52 +0000 Brian Wilson http://realestateblognet.com/?p=151 It is scary how easy this is.  Here are the steps:

1. Buy a domain that you want to use.  We will have some more posts later on how to best choose a real estate blog domain name.  In the meantime, add a comment to this post if you have a specific question or need some advice.

2. Click on 1 link.  From your dashboard, find the left sidebar section titled “Tools”  and click on “domain mapping.”

3. Enter the domain name on this page and click “add.”

4. Go to the site where you bought the domain name and “add a DNS “A” record pointing at the IP address of this server: 70.32.120.169″.  I put this in quotes because if you do not know what this means, call the company you bought the domain from and tell them to do this.  They will do in 2 minutes.

5. Wait.  It can take a few hours for the internet to catch up with the change but you are done!

Brian

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Lexington SC Real Estate May Get a Tax Break http://lexingtonscrealtor.realestateblognet.com/?p=5 http://realestateblognet.com/2009/03/31/lexington-sc-real-estate-may-get-a-tax-break/#comments Tue, 31 Mar 2009 18:59:57 +0000 lexingtonscrealtor http://lexingtonscrealtor.realestateblognet.com/?p=5 Lexington SC Real Estate May Get a Tax Break
 
As reported in the Columbia Regional Business Report the SC House of Representatives will have a chance to debate a bill designed to end the immediate reassessment of properties at their sale price.  For owners of Lexington SC Real Estate this would be welcomed as the bill is designed to have properties reassessed only during the county’s annual 5 year cycle.   This change in the tax structure should help those buyers considering a purchase but not moving forward because of the increased ownership costs caused by the current plan.  This change should also help stabalize some commercial properties that have seen a huge tax increased that is then passed on to tenants and small business owners.
The bill has passed the Ways and Means Committee and will now move on to the House.
 

LEXINGTON SC HOME SALES STATISTICS

The Lexington area saw a slide on the sales side, but the DOM went down for this period.  Irmo sales and listings were very slow for the week but the average sales price did take a big jump up.  Lake Murray listings picked up some, but sales are still slow except for some homes priced on the lower end of the range.  Chapin had a good listing week but slower on the sales side.  Columbia and Northeast Columbia both saw a drop in sales during this period.  As is normally the case in this area, in the spring, we are seeing more homes come on the market while sales for this week slowed somewhat.  The big thing to remember is we didn’t get here overnight and we won’t get out overnight!
 

3-20-09 through 3-26-09

 

Median Price

Homes Listed

% Change

Homes Sold

% Change

Days on market

Lexington SC Weekly Real Estate Statistics

$152,750

48

Down 23%

13

Down 51%

84

Irmo Weekly Real Estate Statistics

$137,928

41

Down 2.4%

14

-

114

Lake Murray Weekly Real Estate Statistics

$607,991

12

-

0

Down 50%

-

Columbia Weekly Real Estate Statistics

$131,750

78

Up 7.6%

26

Up 53%

88

Chapin Weekly Real Estate Statistics

$169,027

7

Down 46%

3

Up 33%

163

Northeast Columbia Weekly Real Estate Statistics

$144,250

62

Down 20%

38

Up 26%

126

 

Lexington SC Median Homes for Sale
Lexington SC Median Homes [$125K ~ $300K]

 
Exit Real Estate Consultants - Lexington SC Real Estate Lexington SC Real Estate, Columbia SC
Exit Real Estate Consultants is your local expert in all your Real Estate needs in Lexington, Irmo, Lake Murray, and Columbia South Carolina. You have access to the most comprehensive MLS Listing Service with free access and lots of tools for Buyers and Sellers - put us to work for you; our service will impress you! (803) 358-0888

 

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Proposed Improvements to the Cedar Yard Corridor in Uptown Charlotte http://kathleenpearson.realestateblognet.com/?p=3 http://realestateblognet.com/2009/03/27/proposed-improvements-to-the-cedar-yard-corridor-in-uptown-charlotte/#comments Sat, 28 Mar 2009 04:11:02 +0000 Kathleen Pearson http://kathleenpearson.realestateblognet.com/?p=3 The NC Department of Transportation (NCDOT) held a citizens informational workshop last evening at the Phillip O. Berry Recreation Center on Tuskaseegee Road concerning the proposed freight reactivation of the Piedmont and Northern Railroad corridor (P&NR Corridor) in the vicinity of Mt. Holly, Gastonia, and Belmont in Gaston County and improvements to Cedar Yard in Uptown Charlotte, Mecklenburg County.  Only the proposed activity at Cedar Yard would have effect in Charlotte.

In connection with the lease of the P&NR Corridor for freight service, the lessee would take over responsibility for maintenance of Cedar Yard.  NCDOT does not foresee Cedar Yard ever being reactivated for freight service.  In the near future, they expect portions of Cedar Yard to continue to be leased to the Panthers organization for bus parking.  In addition, the lessee may use the corridor for storage of passenger rail cars.  NCDOT does not anticipate the Cedar Yard corridor ever being released for private development, such as the construction of homes or retail businesses.  There are potential plans to make improvements to Cedar Yard in anticipation that the Cedar Yard corridor could be used for light rail passenger service in the future.  Additional public workshops will be planned if passenger operations are ever pursued. 

General maintenance and repairs are currently proposed throughout the entire project area to include:

  • Installing crossing lights and gates
  • Installing cross ties
  • Repairing and maintaining culverts and ditches
  • Adjusting track superelevation in curves
  • Clearing vegetation and removing debris
  • Upgrading ballast and railroad surface
  • Replacing road crossing surfaces
  • Repairing tracks

The final environmental impact document is expected to be completed and a Public Hearing is expected to be held this Spring.  Signing of the lease, funding and commencement of construction are expected to occur in Summer 2009.

Although there are no current plans, NCDOT representative James Harris also discussed the possibility of new Amtrak lines being built along the Norfolk Southern mainline with a new Amtrak station near the Greyhound bus terminal on Trade Street.  However, any such future development would require funding, and he was not aware of any source of such funding in the foreseeable future.

Comments, concerns and/or questions regarding the proposed P&NR Corridor freight service and maintenance of Cedar Yard may be mailed or emailed to:

Marc Hamel

Rail Project Development Engineer

NCDOT - Rail Division

1553 Mail Service Center

Raleigh, NC  27699-1553

mhamel@ncdot.gov

OR

Mark L. Reep, P.E.

Project Manager

Ko & Associates, PC

5121 Kingdom Way, Suite 100

Raleigh, NC  27607

mreep@koassociates.com

Please include your name and address with all inquiries.  You may also include your phone number.

For more information on Charlotte visit my website.

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Charlotte Regional Realtor Association Holds Seminar on Short Sales (Part II of IV)* http://kathleenpearson.realestateblognet.com/?p=14 http://realestateblognet.com/2009/04/01/charlotte-regional-realtor-association-holds-seminar-on-short-sales-part-ii-of-iv/#comments Wed, 01 Apr 2009 19:05:54 +0000 Kathleen Pearson http://kathleenpearson.realestateblognet.com/?p=14 The CRRA seminar on short sales continued with Gwen Oberg, a Charlotte representative of Wells Fargo Home Mortgage (WF).  She discussed short sales from the point of view of the mortgage lienholder.  First she noted that negotiations will vary depending on whether WF is acting as a mortgage servicer for third-party investors or as bank servicer for its own account.  She reiterated that no investor (WF or other investor) is required to allow a short sale, but confirmed that most do.  Short sales avoid foreclosure stress, end collection activity (but beware deficiency balances!), constitute an “honorable exit” from the property, reduce neighborhood impact and minimizes losses by lenders.  With some lenders it may take over a year to close a short sale.  However, WF is currently on track to complete most short sales within 25-30 business days from application.  Realtors should consult WF for permitted commission structures and required documentation.

 

Some typical events that can derail a short sale are the seller’s refusal to sign a note for the amount required by the lender, the seller’s refusal to grant access to the property, the refusal to release liens by junior lienholders, the buyer’s inability to obtain financing, the sale is determined not to be an arm’s length transaction (there is some relationship between the buyer and seller), there is a cloud on title, the listing price is too high (the property gets no offers) or too low (the lienholders won’t approve the sale), and the timeline drives the buyer away.

 

For more information on buying and selling property in Charlotte and to search on properties available for sale in the greater Charlotte area, please visit my website.  Be sure to look for Part III of this article tomorrow!

 

* This blog is merely an overview of the subject seminar and is not intended to be a complete guideline to doing short sale transactions.  It is in no event intended to give any legal advice.  An attorney should be consulted for any legal advice.

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One of the Best Places to Live in Florida! http://oakleafplantationhomes.realestateblognet.com/?p=10 http://realestateblognet.com/2009/03/03/one-of-the-best-places-to-live-in-florida/#comments Wed, 04 Mar 2009 03:11:29 +0000 Mike Schwiebert http://oakleafplantationhomes.realestateblognet.com/?p=10 If you are looking for a great place to live that is near Jacksonville, Florida, check out Oakleaf Plantation. This is a great community foroakleafpool One of the Best Places to Live in Florida! families or retirees looking for a place to live with nice homes and local shopping. The Oakleaf Town Center and the surrounding shopping  makes finding just about everything you need just minutes away. The new “A rated schools” that are in Oakleaf may help you feel confident in your choice of buying a new home and knowing you are doing the best for your child’s education. If you would like more information on houses for sale in Oakleaf Plantation or the Orange Park / Jacksonville Florida area feel free to email or call me anytime. If you would like to view a virtual tour of Oakleaf Plantation click here to view the amenities that Oakleaf has to offer. When you are ready to start searching for homes for sale in the Oakleaf Plantation area click here to view properties for sale at great prices.

Mike Schwiebert, REALTOR
INI Realty Investments, Inc.
904-562-9345
www.MrOakleaf.com
Email me

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First Time Home Buyer Tax Credit 2009 http://oakleafplantationhomes.realestateblognet.com/?p=17 http://realestateblognet.com/2009/03/10/first-time-home-buyer-tax-credit/#comments Tue, 10 Mar 2009 16:16:55 +0000 Mike Schwiebert http://oakleafplantationhomes.realestateblognet.com/?p=17 First time buyers this is the time to buy! Not only are the interest rates low, but the home prices are incredible and the first time home buyer tax credit tops it all off. Here is a helpful comparison of the loan plan that was implemented in 2008 to the actual tax credit for 2009.

FEATURE

CREDIT AS CREATED JULY 2008

APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008

REVISED CREDIT –

EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009

Amount of Credit

Lesser of 10 percent of cost of home or $7500

Maximum credit amount increased to $8000

Eligible Property

Any single family residence (including condos, co-ops, townhouses) that will be used as a principal residence.

No change

All principal residences eligible.

Refundable

Yes. Reduces (or can eliminate) income tax liability for the year of purchase. Any unused amount of tax credit refunded to purchaser.

No change

Purchasers will continue to receive refund for unused amount when tax return is filed.

Income Limit

Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000).

No change

Same income limits continue to apply.

First-time Homebuyer Only

Yes. Purchaser (and purchaser’s spouse) may not have owned a principal residence in 3 years previous to purchase.

No change

Still available for first-time purchasers only. Three-year rule continues to apply.

Revenue Bond Financing

No credit allowed if home financed with state/local bond funding.

Purchasers who utilize revenue bond financing can use credit.

Repayment

Yes. Portion (6.67% of credit or $500) to be repaid each year for 15 years, starting with 2010 tax filing.

No repayment for purchases on or after January 1, 2009 and before December 1, 2009

Recapture

If home sold before 15-year repayment period ends, then outstanding balance of repayment amount recaptured on sale.

If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009.

Termination

July 1, 2009

(But note program changes for 2009)

December 1, 2009

Effective Date

Purchases on or after April 9, 2008 and before January 1, 2009. Repayment to begin for 2010 tax year.

All revisions are effective as of January 1, 2009

Here are a few other links to help explain the tax credit in more detail:

National Association of Realtors Overview

Frequently Asked Questions

If you have any other questions or you are ready to find your first home, please contact me. I am your Orange Park - Oakleaf Plantation Area expert for First Time Home Buyers and Homes for Sale!

Mike Schwiebert, REALTOR®

Ph: 904-562-9345

<!–[if gte vml 1]> <![endif]–><!–[if !vml]–>MrOakleaf orange park fl homes<!–[endif]–> Click here to find your new home!

INI Realty Investments, Inc. 3603 Cardinal Point Dr. Jacksonville, FL 32257    Fax: 800-589-3759

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Florida’s Homeowner’s Foreclosure Bill of Rights http://mgrossfl.realestateblognet.com/?p=3 http://realestateblognet.com/2009/02/06/floridas-homeowner%e2%80%99s-foreclosure-bill-of-rights/#comments Fri, 06 Feb 2009 21:14:05 +0000 Marc Grossman http://mgrossfl.realestateblognet.com/?p=3 freedom from foreclosureRecently, Florida State Representative Darren Soto (District # 49 – covering parts of Orange & Osceola counties) introduced legislation entitled, the Homeowner’s Foreclosure Bill of Rights that will hopefully help millions of Floridians that are facing foreclosure.

The bill is not a freebie, but would force lenders to renegotiate loans of owner-occupied properties that have been devalued. The way it would work is that homeowner and lender would renegotiate the loan at the property’s present value with the difference from the original loan to the new loan being tacked on at the end of the loan. Basically, we’re talking about a 30-year fixed rate loan with a balloon payment.

To get to this point the lender and homeowner would be forced to mediate. This unfortunately, would further burden a legal system that is already overburdened.

This would allow many to be able to stay in their homes and afford them, especially during our current economic situation. Of course, the homeowner would have to qualify for the new loan, otherwise it would be for naught and just an even more costly mess.

According to Rep. Soto, “What we are trying to do is stabilize the market, we want these people to stay in there homes.”

If this legislation passes both the House & Senate, it would take effect on July 1, 2009. It’ll be interesting to see how our legislators react to the bill.

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Until next time….Marc It Sold!

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