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Tacoma Realtor® Makes Commitment to Prospecting Six or More Hours a Day for 120 Days

Wednesday, September 1st, 2010

This is just to serve as a public announcement and general way of not being able to deny that I am making the commitment to improve my business. While I am a great Realtor® according to my clients both current and past I know that I can do better. The thing I can improve on is my lead generation. By meeting more people who need or want to buy and sell real estate in Tacoma I can help more people and improve my skills with each transaction.

On Bloodhound Blog (a national real estate blog) there have been a lot of discussions recently about being accountable and actually working 40 hours a week. The posts have hit a nerve with me and I have committed to prospecting six or more hours a day 5 or more days a week for the next 120 days. Between today September 1st. 2010 and December 31st. 2010 I will be sharing my experiences both the successes and the shortcomings on Classic Homes Northwest. Since this is not a site designed to be a site about me I have created a page that if you are interested you can visit without having it be the first thing you see each time you visit the site.

The page where I will be updating my efforts can be found here. You can also find it in the sidebar.

As potential clients of my services you will benefit from the increased focus on prospecting and the increased business it will generate. How? by working with a focused and driven to succeed Realtor® you can be comfortable that your needs will be the priority. The efforts that will be put in on your behalf will be focused on exactly what you want and need. This laser like focus will make the whole process easier and better for you the client. I look forward to talking with you soon.

Conversations about real estate part one

Sunday, August 22nd, 2010

I was holding an open house yesterday and as usual I had a fair number of people come through to take a look at the house. I find that open houses are great excuses for the neighborhood to stop by and look at what their neighbors house looks like. I also find that a lot of people are out driving around and stop by simply because there are signs on the side of the road saying Open House.

In any case many people are asking questions when they visit an open house and I thought it would be interesting to post some of the questions and my responses here for others to read.

The first question in our conversations about real estate is: What types of homes are you selling right now?

Interesting question and it made me think and do a bit of math in my head before I could really begin to answer it correctly. My initial reaction would be to say I am selling bank owned and short sales to buyers right now. This in my specific case is not accurate for 2010. This year in the transactions where I have represented the buyer  85% of my transactions have actually had a individual seller on the other side. Now in a few cases the seller lost money but they were able to cover the loss by writing a check at the closing table.

Of the transactions that are scheduled to close in the next 30 days I am representing buyers who in 100% of the transactions will be buying directly from sellers. With these specific transactions all of them are sellers who are selling former rental properties. I am not sure why they have decided to liquidate their rental holdings at this time.

One other generalization I would of made when asked What types of homes am I selling? is that I was selling homes to first time home buyers. In 2010 I have sold NO homes to true first time home buyers. In a couple of cases one of the buyers in the transaction is a first time buyer but the other party has owned one or more homes in the past. When I put some thought into this I was still surprised as in 2009 almost 80% of my business was true first time home buyers. In the transactions I have closing in the next 30 days I do have one true first time home buyer buying a home. The others are all past home owners.

I find this very interesting that in the local Tacoma Pierce County market that my business has been to non first time home buyers. I hope that this is a sign that the local market is getting stronger and that given the prices and the amazing interest rates that we will finish 2010 on a strong note.

I currently have 7 listings active and they are all being sold by individuals who for one reason or another have decided to sell the properties now. I have not tried for bank owned listings or short sales as ways of obtaining listings. I have been having conversations with another real estate agent and I believe that I will begin to work on obtaining bank owned listings in the very near future. This of course will change my statistics.

Like any good conversation when asked a particularly direct question the answers are often different than one would answer without giving it any thought. For me this was a particularly good exercise as it really put in focus the specifics of who I am doing business with right now. I would of mistakenly answered I am selling homes to first time home buyers! if I would of not given a few moments to reflect on the actual facts of my business before answering.

I will keep posting the conversations as they happen. If something is interesting I will share it here. If you have any questions you would like answered about real estate in general or buying a home in Tacoma or selling a home in Tacoma please feel free to ask. I will take a moment and actually give you an accurate answer based on my actual experiences.

ValueAppeal provides simple, guarantied Property Tax Valuation Appeals in Pierce County

Friday, August 13th, 2010

For all of you lucky Pierce County residents, a Seattle software company provides a web based service that checks whether your property valuation is too high for free and then helps you appeal your valuation and generates an appeal report. ValueAppeal claims 40% of property owners overpay their property taxes.  They guaranty success or you get your $99 fee refunded.  The company is getting some accolades for innovation in the Seattle business community.

Appealing your property valuation can be a painful process, to find the information, understand it and organize it in a way to make your appeal successful. That also assumes that you have enough information to know that your property is over valued in the first place.

ValueAppeal seeks to take the uncertainty and pain out of the process. From their web site, you can enter your address and get an evaluation of whether your valuation is too high in seconds for free. Then, for $99 they walk you through a 10 minute online process to generate a property valuation appeal report that you can use to appeal your property valuation.  If you don’t win your appeal, they refund your fee.

Their report provides data on other comparable sales that support reducing your valuation as well as unequal assessment information. It also has an area where you can put in unique aspects of your property, such as something like fire damage, that the assessor may not have taken into account.

The company is working on expanding the county coverage area, with an announcement slated for later this month. However, it currently offers service in King, Pierce and Snohomish counties of Washington state, as well as most of California.  So you Tacoma residents are already in luck.

The company also compiles detailed information on property tax information in the areas that it covers. For example, earlier this year ValueAppeal issued a report which said that West Seattle’s Fauntleroy neighborhood was most over assessed neighborhood in Seattle.

The Department of Revenue is offering Property Tax Deferral for October Billing

Friday, July 23rd, 2010

The State of Washington is offering Property Tax deferral for the October billing.

Homeowners on limited incomes can apply to defer paying their second half property taxes due Oct. 31.

The application deadline is Sept. 1. First-half taxes that were due April 30 must have been paid.

Applicants must have an annual household income of $57,000 or less in 2009, have owned the home for at least five years, use it as their primary residence, and have sufficient equity.  Deferred taxes cannot exceed 40 percent of equity.

The deferred taxes must be repaid, with interest, when the property is sold or no longer used as the homeowner’s primary residence.  The interest rate is 3 percent for 2010.

For more information, see the Department’s publication Property Tax Deferral for Homeowners with Limited Income, call 360-570-5900, or contact your county assessor.

Anderson Island Sales Year To Date

Saturday, July 17th, 2010

I am going to a listing appointment today on Anderson Island and I was pulling up the statistics for the island.

There are currently 59 homes for sale on Anderson Island. Minimum price $69,000 and Maximum price $1,750,000. The median value is $257,000 and the Average price is $333,000. Average days on market is 123 days.

7 homes have sold this year on Anderson Island.

Looks like there is enough inventory on the island for the next 4+ years at the current rates. If you are going to be selling on Anderson Island you need to make sure you are pricing your home right and working with an agent who gets the word out. Of course I think I am that guy but you need to see for yourself.

If you are thinking of buying or selling a home on Anderson Island please give me a call today.(253) 219-1194. I would be happy to set up a time to meet with you to go over the market on Anderson Island. The island is a truly beautiful spot and is one of the Puget Sounds hidden gems. If you would like more information on Anderson Island there is a new blog about the island that I have been enjoying following.  You can Explore Anderson Island here.

We’ve moved; did you notice?

Sunday, July 11th, 2010

Update 7/12/10

It appears the contact form in the sidebar is not working correctly. I will be working on the code to fix this. I just will not have time until this evening or 7/13/10  To contact please us scott AT classichomesnorthwest.com just replace AT with @ =)

Hopefully the answer to that question is what is he talking about?

My good friend Todd Phillips spearheaded the move of Classic Homes Northwest to a new hosting company this weekend. The previous hosting company one that I have used for years simply was not providing the service one expects when you are paying for a service. The new company which I will blog about in an upcoming post about the tools we use here at Classic Homes Northwest is a great fit for us!

We are still unpacking but a couple of things you should notice immediately.

  • Using WordPress 3.0 so the code is cleaner and the pages should load faster
  • New hosting company has better equipment so the pages should load faster
  • The pages should load faster… do you see the theme here?

There will be a lot of updates and moving of the furniture over the next few days. Please help me and let me know if you find any links that are not working.

Thanks for visiting!

Are you thinking of buying a home in Tacoma this year?

Sunday, June 27th, 2010

Thinking of buying a home in Tacoma this year? The summer buying season is upon us and the inventory is beginning to drop a bit. I am not saying that we are having a full on buying spree. I am saying that homes that are ready to sell, priced to sell and have the features that people are looking for are selling.

Homeowners have an advantage over the short sale, bank owned, foreclosures if they will take the time to make their home presentable and desirable. I have shown so many short sales and bank owned properties in Tacoma in recent weeks and the quality of homes is terrible! Homeowners you need to realize that you can shine compared to the junk if you take the time to clean up your home prior to sale.

Potential homebuyers you can do a couple of things to set yourself apart. Get pre-approved before you go shopping! If I write an offer for a buyer that has the financing already in place you come to the offer with a big S on your chest and a red cape You will be Superman! Also, be organized have your home inspector ready to work for you. Know what you want and what you can afford. Then we can go out and find you a great deal on a home. We might find the owner occupied gem that you’ve been wanting. We might find the bank owned fixer that will give you equity when you finish the repairs. No matter what you decide the buying season is happening and I hope to see soon.

When you’re ready for a Realtor® who cares about the outcome of your transaction. Give a call. (253) 219-1194 we are looking forward to working together with you to buy or sell your next home in Tacoma.

Keller Williams Realty 2009 J.D. Powers Home Buyers Highest Satisfaction Award

Thursday, June 24th, 2010

The company you keep can speak volumes about you. I am so very happy that I made the move to Keller Williams in 2009. The people and systems are top shelf.

The people in this photo are the other Realtors® that I am lucky to share the office with.

Keller Williams West Sound J.D. Powers Award Photo

When it comes to making your decision of who to work with when you are ready to buy your next home in Tacoma or sell your home in Tacoma there is a difference. J.D. Powers says it’s Keller Williams. Call us at (253) 219-1194 and we will get started working for you!

Tax Credit for Homeowners Closing Dates Extended; Not So Fast…..

Thursday, June 17th, 2010

Many people are shouting that the tax credit has been extended…the tax credit has been extended!! this is not completely accurate.

The tax credit will only be extended for closing your transaction if you were already under contract by the April 30th. end of the tax credit.

To qualify for the tax credit you had to be under contract BY April 30th. 2010 and close the transaction BY June 30th. 2010. The only thing that will be extended is the date for you to close your purchase. Congress has not signed the extension into law as of today. We will update you when it is extended.

The extension does not help you if you are  NOW looking for, or thinking of buying a home in Tacoma or anywhere else in the country. There still are many other programs to assist first time homebuyer’s purchase homes. Please look at our site and read our posts to learn more about the programs that are available.

When you’re ready to talk about buying a home we are ready to listen. Give us a call (253) 219-1194

Will the Real Carolyn Capalbo Please Stand Up

Friday, May 28th, 2010

One of the things I do besides sell real estate is to help others out when it comes to online social media marketing and brand building. I was reading an article on one of my favorite sites Bloodhound Blog and Eric Blackwell was writing about a fellow Keller Williams Realtor® in Northern Virginia Carolyn Capalbo.

Why am I posting this here on Classic Homes Northwest? A site that is about real estate, buying and selling homes in Tacoma Washington? Well, because the topic should matter to all of us. See Carolyn Capalbo has the same name as the mother of Ashley Dupre. By simply having the same name as Ms. Dupre’s mom Carolyn has felt the effects of search engines gone bad.

Who has the same name as you? Are they doing anything that you would be ashamed of? Are they doing anything that the search engines are picking up? When someone types your name in a search engine what are the results? While we cannot control the actions of others no matter if they have the same name as we do. We can and should be monitoring our reputations online. If you spend any amount of time online and if you are concerned about your reputation you need to be taking time out to make sure you’re being represented correctly online.

The purpose of this article is to help Carolyn Capalbo someone I have never met but who from what I have read about her seems like a nice person in Northern Virginia regain her reputation on the search engines. If you’re looking to buy or sell in Northern Virginia give Carolyn Capalbo a call. Tell her Classic Homes Northwest said she was ok. If you’re looking to buy or sell a home in Tacoma? Well you know what to do. If by chance you’re not sure what to, call Classic Homes Northwest today we will be happy to help you buy or sell a home in Tacoma!

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