Mortgage interest rates for the week ended January 24 continued to fall and long term rates hit their lowest levels since the spring of 2004 according to the results of Freddie Mac's Primary Mortgage Market Survey for the week ended January 24, 2008.
Mortgage application volume increased 7.5 percent on a seasonally adjusted basis from a week earlier and 10.5 percent on an unadjusted basis.
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at http://www.RichmondVAHomes4Sale.com or http://www.e-richmondhomes.com/.
Thursday, January 31, 2008
The Benefits of Home Ownership
Here are just some of the financial/tax advantages of home ownership:
- Owning versus renting is an investment in your family’s future.
- Seeing the break-even point on an adjustable rate mortgage.
- Deduction of qualified interest & property taxes from the income on a first or second home.
- Avoiding the payment of capital gains tax if selling your home (must have lived 2 out of the last 5 years in your home to qualify).
- Investing in real estate is still one of the best proven growth investments.
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at http://www.RichmondVAHomes4Sale.com or http://www.e-richmondhomes.com/.
Monday, January 28, 2008
Local Agent Earns REALTOR e-PRO® Certification
(Dateline) -- (Your Name) of (Your Company) has successfully completed the REALTOR e-PRO course to become one of a select few real estate professionals to earn the prestigious certification offered through the National Association of REALTORS.®
The REALTOR e-PROÒ certification course is an educational program unlike any other professional certification or designation course available, comprehensive and interactive. It is specifically designed to provide real estate professionals with the technology tools needed to assist consumers in the purchase or sale of a home.
With more than 70% of consumers beginning their real estate research on the Internet, e-PRO certified agents have the experience and expertise to meet the demands of today’s buyer and seller.
“The real estate industry has undergone a fundamental change over the past several years,” said (Your Name) of (Your Organization). “A majority of consumers are taking the time to conduct their own research prior to contacting an agent. In turn, real estate professionals must be knowledgeable of how technology can assist them in serving the needs of the buying and selling public.”
The exclusive REALTOR e-PROÒ certification course is presented entirely online and certifies real estate agents and brokers as Internet professionals. Because of its innovative design, students are able to complete the course at their own pace, when and where they want, via any Internet connection. The course is designed to help REALTORSÒ stay at the leading edge of technology and identify, evaluate and implement new Internet business models.
Once completed, the e-PRO certified real estate professional joins the ranks of a special community of highly skilled and continuously trained professionals who provide high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.
Both the content and the delivery platform were created by San Diego-based technology company InternetCrusade®. The course instructs participants in the professional use of e-mail, the development of an interactive Web site, and the use of online research tools. Graduates use the skills they've acquired to provide clients information on properties for sale, local communities, and the local real estate market.
For more information, e-mail (Your Name) at (Your e-mail) or call (Your Phone Number.)
The REALTOR e-PROÒ certification course is an educational program unlike any other professional certification or designation course available, comprehensive and interactive. It is specifically designed to provide real estate professionals with the technology tools needed to assist consumers in the purchase or sale of a home.
With more than 70% of consumers beginning their real estate research on the Internet, e-PRO certified agents have the experience and expertise to meet the demands of today’s buyer and seller.
“The real estate industry has undergone a fundamental change over the past several years,” said (Your Name) of (Your Organization). “A majority of consumers are taking the time to conduct their own research prior to contacting an agent. In turn, real estate professionals must be knowledgeable of how technology can assist them in serving the needs of the buying and selling public.”
The exclusive REALTOR e-PROÒ certification course is presented entirely online and certifies real estate agents and brokers as Internet professionals. Because of its innovative design, students are able to complete the course at their own pace, when and where they want, via any Internet connection. The course is designed to help REALTORSÒ stay at the leading edge of technology and identify, evaluate and implement new Internet business models.
Once completed, the e-PRO certified real estate professional joins the ranks of a special community of highly skilled and continuously trained professionals who provide high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.
Both the content and the delivery platform were created by San Diego-based technology company InternetCrusade®. The course instructs participants in the professional use of e-mail, the development of an interactive Web site, and the use of online research tools. Graduates use the skills they've acquired to provide clients information on properties for sale, local communities, and the local real estate market.
For more information, e-mail (Your Name) at (Your e-mail) or call (Your Phone Number.)
Why Use an e-PRO?
An e-PRO is a REALTOR® who has successfully completed the e-PRO training program for real estate professionals. Endorsed by the National Association of REALTORS®, the e-PRO course teaches professionals the nuts and bolts of working with real estate on-line: Web sites, e-mail, on-line tools, and most of all, what today's consumer really wants.
We utilizes the latest technology tools to make your life easier, protect your privacy and sell or buy your home in the most efficient manner. Our sellers benefit with a web-page devoted just to their listing on our own site, as well as listings on national real estate sites like http://realtor.com/, http://google.com/, http://richmondvahomes4sale.com/ and much more websites. We use virtual tours, professional digital photos and on-line floor plans for our listings. We provide a unique CD for our listings including multimedia presentations about your home, high-quality pdf-format brochures and links to our on-line resources. Giving out a CD lasts while most brochures end up in the trash. We keep you updated on market information by e-mail. You'll know what homes are on the market and how well they're selling and why. We use e-mail for communicating information about your home to the top REALTORS in Richmond, nationally and internationally if appropriate.
Our buyers benefit with immediate notifications of homes that meet their criteria. They receive e-mail listings with photos, maps and tax information to help finetune their search criteria before even stepping foot in a home. They benefit from our nationwide referral network so no matter where they are buying, we can assure their REALTOR is equipped with the latest tools to make the process easy. Information is power, and with our technology skills, our buyers receive neighborhood demographics, market information and all the latest updates for the area by just opening their e-mail. With pdas, portables, gps devices, your home tour is flawless.
Should you use an e-PRO? Yes, especially if you're an internet user. Should you use Mohamed as your preferred e-PRO in Richmond? Definitely, you will get the service that you want and need.
Tips for Buying a Fixer-Upper!
Buying a "fixer-upper" can be a great way to earn sweat equity, but it also can turn into nightmare, end up costing you later on.
What are the rules to follow to find the right property to fix up or flip? Buy a house at least 30% below market value, so that you have profit left over after spending the money to fix it. Location is still very important- no matter how you fix up the interior, you still can't change the location. Go for the more popular 3-4 bedroom home, more buyers are looking for this size. Take your time to find the right property to flip and call me when you're ready to start looking for one!
A recent Realtor Magazine article helps sort out the rules of Fixer-upper.
Mohamed Mekhimar , Realtor®, Accredited Buyers Representative , RE/MAX Commonwealth, mekhimar@remax.net, (804) 243-0605 Cell, (804) 288-5000 Office, (804) 288-8989 Fax, http://www.richmondvahomes4sale.com/, Licensed in the Commonwealth of Virginia
What are the rules to follow to find the right property to fix up or flip? Buy a house at least 30% below market value, so that you have profit left over after spending the money to fix it. Location is still very important- no matter how you fix up the interior, you still can't change the location. Go for the more popular 3-4 bedroom home, more buyers are looking for this size. Take your time to find the right property to flip and call me when you're ready to start looking for one!
A recent Realtor Magazine article helps sort out the rules of Fixer-upper.
Mohamed Mekhimar , Realtor®, Accredited Buyers Representative , RE/MAX Commonwealth, mekhimar@remax.net, (804) 243-0605 Cell, (804) 288-5000 Office, (804) 288-8989 Fax, http://www.richmondvahomes4sale.com/, Licensed in the Commonwealth of Virginia
Friday, January 25, 2008
The way to a successful closing!
As real estate professionals, we handle pricing, marketing, and negotiating. Once the purchase and sale agreements have been signed, there are several steps to take to get the transaction closed:
Step 1 - Removing contingencies: The most common contingencies are financing, inspections and the sale of the buyer's current home. These conditions must be removed or waived before the sale can close.
Step 2 - Appraising the property: The buyer's lender requires a formal appraisal to confirm the value of the home, to be used as collateral to secure the loan.
Step 3 - Preparing closing documents: Most often real estate attorneys prepare documents that confirm the transaction, pro-rate funds, and so on.
Step 4 - Signing closing documents.
Step 5 - Turning over the keys to the buyer, and welcoming the moving van.
Step 6 - Recording the deed and disbursing funds.
There are many opportunities for surprises or delays in a transaction. Part of Mohamed's expertise is in troubleshooting problems that arise in the closing process and communication. Please email or call us if you have any questions or you would like more information.
Step 1 - Removing contingencies: The most common contingencies are financing, inspections and the sale of the buyer's current home. These conditions must be removed or waived before the sale can close.
Step 2 - Appraising the property: The buyer's lender requires a formal appraisal to confirm the value of the home, to be used as collateral to secure the loan.
Step 3 - Preparing closing documents: Most often real estate attorneys prepare documents that confirm the transaction, pro-rate funds, and so on.
Step 4 - Signing closing documents.
Step 5 - Turning over the keys to the buyer, and welcoming the moving van.
Step 6 - Recording the deed and disbursing funds.
There are many opportunities for surprises or delays in a transaction. Part of Mohamed's expertise is in troubleshooting problems that arise in the closing process and communication. Please email or call us if you have any questions or you would like more information.
Are You Thinking About Selling? Not All Realtors and Marketing Plans Are the Same!
In this market you need to use as many effective marketing tools as possible to compete with the other listings in your area. I am absolutely passionate about marketing and am constantly evaluating and improving my techniques!
You will see based on the strategies listed in my Marketing Plan that I am an aggressive marketer and very detail oriented. But I’d like you to know that I feel that communication and good customer service are equally important! I will make every effort to make sure you are 100% satisfied with the service I provide.
You will see based on the strategies listed in my Marketing Plan that I am an aggressive marketer and very detail oriented. But I’d like you to know that I feel that communication and good customer service are equally important! I will make every effort to make sure you are 100% satisfied with the service I provide.
Phase 1: PREPARATION
- I will prepare a Highest Price Analysis to assist you in correctly pricing your home.
- I will estimate your net proceeds from the transaction.
- I will conduct a thorough walk through of your home; taking measurements, noting amenities, and giving staging advice.
- I will provide a lock box to ensure easy access by Realtors® with qualified buyers.
- I will take several digital photographs of the interior and exterior of your home.
Phase 2: AGRESSIVE MARKETING TECHNIQUES
This is the fun part! Marketing is a passion of mine, so I am always working hard to find new ways to set your listing apart from the competition!
- I will install the distinctive RE/MAX sign, property brochure box and directional signs to lead people to home.
- I will submit complete and accurate details regarding your listing to the MLS reaching thousands of realtors every day.
- I will create and distribute a full color property brochure especially for your listing.
- I will create aVirtual Tour especially for your listing, and link it to my web site.
- I will send out an Email Blast of your Virtual Tour to over 5000 Realtors in the Richmond Metro area.
- Internet exposure is key! Your listing and Virtual Tour will be advertised on the following top internet sites (and hundred's more!)
Realtor.com - Remax.com - Google.com - Yahoo.com - E-RichmondHomes.com - Just listed brochures and post cards will be distributed to Realtors, as well as current and past clients.
- I will create a bound, full color property information book for display at your listing with extensive information for potential buyers (schools, area information, specific details about the house, etc).
- I will create Special Feature Cards to highlight the special features of your listing that a buyer might not notice during showings.
- I will schedule and host a Sunday Afternoon Open House.
Coming soon! Television commercial advertising!
And much much more techniques of aggressive Marketing that I will use to get your home sold quickly for the highest possible price!
Phase 3: COMMUNICATION DURING YOUR LISTNG
During your listing constant review and attention to detail is required to effectively market your property and protect your position.I will constantly monitor your listing until the day it closes! Communication is the key! You will hear from me a minimum of once per week, if not more often. I am dedicated to personally providing the highest level of service to each of my clients every day until their home is sold!
- I will provide you with a copy of your MLS listing details for your review.
- I will keep you informed, at least once per week, or as many as you want me to communicate with you.
- I will be available by cell phone and promptly return your call if you must leave a message.
- I will follow up with every agent who shows your home to provide you with up-to-the-minute feedback about price, condition, location, and potential buyer interest.
- I will handle inquiries regarding the home, qualify interested parties, and pursue showing appointments with qualified buyers.
- I will work with the buyer’s agent, and their inspector to negotiate any objections raised by the inspection of the property.
- I will assist the title company in setting the closing and obtaining all information needed for the completion of the paperwork.
- I will carefully explain to you all documents that you will be required to sign, and provide you with copies each document.
- I facilitate your closing and handle last minutes issues.
In the end, it's all about results. Mohamed will turn FOR SALE into SOLD!
To learn how Mohamed will specifically create your Custom Marketing Plan, contact them today to schedule a listing presentation.
Home Improvements That Yield A Return!
In 2006, consumers spent $103 billion on home improvements. Several studies have been done about which home improvements provide the best return:
* Remodeling the kitchen and/or baths is one of the best ways to add value.
* On average, homeowners recoup 88% of the cost of remodeling the kitchen and 82% of remodeling the bath.* Adding a room or garage is an expensive improvement that can pay off if it is carefully designed. * Decks and patios can add value, depending on the part of the country.
* Landscaping often adds appeal, but not necessarily value.
Remember, home improvements usually take longer and can cost more money than you anticipate. Please feel free to contact us if we can help you. We would be happy to come by and discuss any improvements you are considering.
If you know of anyone who is considering home improvements and would benefit from free, helpful advice and suggestions, we would love to help. Just forward their name and phone number and we'll follow up with them promptly and provide them with the same quality service you have come to expect from Mohamed.
* Remodeling the kitchen and/or baths is one of the best ways to add value.
* On average, homeowners recoup 88% of the cost of remodeling the kitchen and 82% of remodeling the bath.* Adding a room or garage is an expensive improvement that can pay off if it is carefully designed. * Decks and patios can add value, depending on the part of the country.
* Landscaping often adds appeal, but not necessarily value.
Remember, home improvements usually take longer and can cost more money than you anticipate. Please feel free to contact us if we can help you. We would be happy to come by and discuss any improvements you are considering.
If you know of anyone who is considering home improvements and would benefit from free, helpful advice and suggestions, we would love to help. Just forward their name and phone number and we'll follow up with them promptly and provide them with the same quality service you have come to expect from Mohamed.
Saturday, January 19, 2008
Richmond area lifts mandatory water restrictions
The Richmond area has lifted mandatory water restrictions that limited when residents could water their lawns and wash their vehicles.
The region ended the restrictions on Monday because the water level in the James River has risen to three times the minimum flow required under a regional management plan for the river.
The restrictions ended immediately in Richmond and the counties of Henrico, Chesterfield, Hanover and Goochland. The restrictions had been in place for three months ago.
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at http://www.RichmondVAHomes4Sale.com or http://www.e-richmondhomes.com/.
The region ended the restrictions on Monday because the water level in the James River has risen to three times the minimum flow required under a regional management plan for the river.
The restrictions ended immediately in Richmond and the counties of Henrico, Chesterfield, Hanover and Goochland. The restrictions had been in place for three months ago.
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at http://www.RichmondVAHomes4Sale.com or http://www.e-richmondhomes.com/.
Books-A-Million as part of the West Broad Village!
Books-A-Million, Inc. announced today that it will soon be bringing its tradition of selling great books at low prices to Richmond, Virginia. The company is opening a location in the West Broad Village, which is managed and developed by Unicorp National Development.
“We are thrilled to have Books-A-Million as part of the West Broad Village development,” said Chuck Whittall, owner of West Broad Village. “They will be a huge asset to the other retailers and restaurants of West Broad Village and we believe Books-A-Million will become a gathering place within this community of over 1,800 on-site residents, the on-site hotel guests, and the overall Short Pump communities.”
Books-A-Million selected the West Broad location based on its knowledge of this growing market, having operated in the Richmond area since 1991. Books-A-Million has 19 other locations in Virginia.
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at http://www.RichmondVAHomes4Sale.com or http://www.e-richmondhomes.com/.
“We are thrilled to have Books-A-Million as part of the West Broad Village development,” said Chuck Whittall, owner of West Broad Village. “They will be a huge asset to the other retailers and restaurants of West Broad Village and we believe Books-A-Million will become a gathering place within this community of over 1,800 on-site residents, the on-site hotel guests, and the overall Short Pump communities.”
Books-A-Million selected the West Broad location based on its knowledge of this growing market, having operated in the Richmond area since 1991. Books-A-Million has 19 other locations in Virginia.
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at http://www.RichmondVAHomes4Sale.com or http://www.e-richmondhomes.com/.
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