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How Are You Spending Your Time?

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Logan Utah Real Estate

Via Dave Hamill, Prescott, Arizona Real Estate:

We've all heard and said it: "Yup, time sure does get by fast." A cogent observation indeed. Time is probably the single greatest gift and resource any of us have and yet how often to we loose track of it, and look around wondering where it went.

I propose that a better question to ask is, "How did I spend it?" Wouldn't it be great, at the beginning of every day, to always have a clear & firm idea of what you are going to accomplish that day? And, at the end of each one, to be able to look back and KNOW that you spent it well?

Time management is nothing more than event control. Control your events, and you've managed your time. I know -- stuff happens -- unexpected stuff. And that can and does disrupt the best-laid plans. But, you'd be surprised how much of that you can eliminate by simply habitually making, scheduling, and working a plan. So, in that vein, here are few thoughts:

First, I urge the diligent use of some type of scheduling tool, whether it be a PDA, a Daytimer, (or Franklin Planner, if you prefer) or even a simple pocket calendar like one of my best (and most technologically inhibited) friends who's been in real estate going on 30 years, still uses and keeps tucked in his hip pocket to this very day. It doesn't really matter, as long as you have and USE something.

Then, using that tool, build a Categorized Daily Schedule. Ideally this schedule will be built around your business plan. We all have one of those -- right? It will include categories like Income-Producing Activities (you know, prospecting, door knocking, listing appointments, contract writing and the like), Communications Activities (playing phone tag, answering emails, sending cards & letters to clients, prospects, suspects, etc.), Maintenance Activities ( updating files and other such paper work) and so forth and so on.

Next, there's another thing I think just about every REALTOR on the planet has, and that's a "To Do List." Some of us keep them in our PDA's or our computers. Others scribble them on scraps of paper and struggle to keep track of the paper. Still others just try to carry them around in our heads. And, if you're anything like me when I operate in that mode, the list just tends to get longer and longer, while relatively little of it gets done.

However you keep that list, here's what you must do with it in order to become an effective time manager: Simply put your To Do List . . . IN your newly-created and categorized Daily Schedule. That's right, take each one of those little "to do" items and place them firmly within an appropriate category and time slot IN your schedule. See, that pins the occurrence of that particular event to a specific time, and voila! It gets done.

Now that all segues nicely into the last point I want to make here this evening. That is: Become a Do-It-Now person! (If you haven't already, that is.) What I mean by that is, when it's time to do something -- whatever it is -- do it and do it right now!

Doing it right now is the opposite of procrastination. Procrastination steals energy -- emotional energy -- and thereby diminishes momentum. We all know what it's like to have those little (or big) half-done or undone chores nagging away at us, disrupting our peace of mind and just plain making us tired. I once heard a lady say that nagging is very much like being nibbled TO DEATH by a duck. And, I do believe she nailed it.

So, in closing, may I simply summarize with the following:

1. Time Management = Event Control

2. Develop a Daily schedule designed around your business plan.

3. Commit to your schedule!

4. Be Task Oriented - put each item on your “To Do” list IN your schedule.

5 .Schedule Breaks and Down Time.

6. Track how you spend your time – task by task.

7. Analyze how you spend your time.

8. Adust your schedule so that at least half of it is focused on income-producing activities.

9. Procrastination steals emotional energy.

10. Become a Do-It-Now person.

1 commentLogan Utah Real Estate • September 27 2008 11:01PM

How to Handle Lying, Unethical REALTORS®

Logan Utah Real Estate

Via Lisa Hill (Daytona Beach Real Estate):
THE Daytona Beach Real Estate & Community Events blog. By Lisa C. Hill, "THE SMART CHOICE!"

glassesI recently wrote a blog post about...

  • A house I just sold that was in horrible disrepair
  • The worst listing agent I've ever encountered.

These were both part of the same post and transaction. I mentioned that I would soon be writing a post with details about the listing agent (sans his real name). But I'm not even to that point yet because I just discovered he had the nerve to short my commission check. I was pretty sick with some sort of virus for over a week, so today I finally went to pickup the HUD-1 (closing statement) and check. Surprise, surprise. My commission check is short.

Thankfully, the way the transaction transpired, right from the start I suspected the possibility that things could get worse, so I took extensive notes, kept every e-mail, and most importantly, I printed the MLS listing sheet which has the commission amount on it.

Now, to go over some overall pertinent facts, and some details about the transaction.

  1. When I first showed the house, the MLS showed the commission to the selling agent as an amount which was quite a bit lower than the average for our area. 
  2. All commissions are negotiable, so if the seller wants to offer a much lower commission than the competition, he or she has every right to do so.
  3. Although the seller has the right to offer a lower commission, many agents will not show the properties that offer lower commissions. 
  4. Obviously, I was showing the property regardless of the commission, because it's what met the needs sold signof my buyer.

I want to make it clear that I do not condone agents showing only the properties that net them the highest commission. We're supposed to work for the client. So we should show them every property that meets their criteria. Unfortunately, many agents are not diligent in putting the clients' needs before their own.

Why did I explain all that? It's simple. I needed to set the stage for some of what occurred. I'll start from the beginning, but I'll be skipping over a lot. The purpose of this post is to educate people both in and outside of the real estate industry of...

  1. The unethical behavior of some real estate agents
  2. The likelihood that you won't know in advance, about the agents who may very well be known as top producers, that can be the biggest offenders of real estate law, the REALTOR® Code of Ethics, or even doing what's best for their clients.
  3. The way our Code of Ethics and (Multiple Listing Service) MLS rules call for some situations to be handled.

So, to start from the very beginning, I had a buyer who found my web site 3 years ago, but had several properties to sell before moving to Florida... Fast forward to now, when her last house finally sold, and we're standing in the house (in the Daytona Beach area) she is most interested in buying.

While we were in the house, my buyer started asking a lot of questions which only the listing agent could answer, so I gave him a call. (Now bear in mind. This IS a top producing agent! I'm afraid this post is going to make you think twice before you ever again assume that "top producer" is synonymous with "best service" or even "most knowledgeable".) It turned out that this agent had never even been inside the house, although it was on the market for 2 years. (That could be a whole other blog post.) As I already stated, I previously discovered that properties listed with lower commissions were less likely to be shown, which means they're highly unlikely to sell. So when my buyers asked why the house had not sold, we discussed the most obvious reason, which was the horrible condition of the house, and I mentioned what I had noticed with my own listings that offered lower commissions, and how much longer those sat on the market, as gavel and booksopposed to the ones that offered higher commissions. (I actually tested this theory. It's sad but true.) However, it is completely against the law to "price fix", which is why all commissions are negotiable. So, although there are many brokerages and REALTORS® who will not list properties below a certain percentage, and many agents who will not show the MLS listings with lower commissions, the sellers still have the right to attempt a negotiation of the commission. (Now stay with me a little bit longer because this next part is important.)

Real estate agents, their clients and potential clients are free to negotiate commissions amongst themselves. However, since there are laws against price fixing, REALTORS® from differing real estate brokerages should avoid discussing anything remotely along the lines of what their "usual commission" might be.

One exception I've seen is when when a REALTOR® from another brokerage attaches an addendum to a contract, requesting a higher commission for themselves, than what is being offered in the MLS. I've never known this scenario to be taken up on a legal level, so if you're a REALTOR® who has knowledge of any legal proceedings under these circumstances, I'm curious to know of any court or panel rulings. As far as I know, it seems to be a grey area.

However, my buyers knew that this house had been on the market for 2 years, and even to the naked eye, it obviously needed a LOT of help. And they wanted some more specific answers.

So I asked the listing agent for his opinion on why the house had not sold yet, and several other questions my buyers were asking. (They were standing right in front of me, continuing to ask more questions.) It didn't take long to realize this agent had never been in the house. At some point in the conversation, as the agent's answers grew shorter and shorter in his attempt to get me off the phone, I mentioned to this listing agent, the conversation that I had previously had with my buyers, about some agents not showing houses with lower commissions. I then cracked a joke about me obviously not being one of them! But during this part of the conversation the listing agent suddenly gave me his attention and asked what commission was on the MLS printout. When I told him the amount, he told me that was wrong, and then told me the correct amount, which scaleswas a full percentage point higher. He also said he would have it corrected in the MLS, immediately.

I'm now going to jump forward, past all the extraneous drama that accompanied every single day of this transaction; since I'm still mentally exhausted from dealing with this agent; and relay what happened this morning, when I discovered that my commission check was short. Knowing how condescending and difficult this agent was, I was not looking forward to calling him, but hey, his brokerage owed me money. So I made the call and told him my check was short. He then said it was not short, because when I showed the house it was lower. So I reminded him that he told me that was a mistake and that I had the corrected version of the MLS printout, which was dated 2 days after the contract date! His next excuse was to demand why I was calling a full week after closing about this. I then had to inform him that I had been sick and had not left the house in 9 days. His next response was that it was on the HUD-1 and I signed off on it. So I now informed him that I had not signed anything since the entire closing for both the sellers and buyer had been a mail-away. He then repeated everything again. At some point I told him that everything he had to say was irrelevant because the MLS rules are very specific. Whatever the MLS states is the commission to the selling brokerage, is the amount they're required to pay. His final statement was that he was going to contact the title company and let them sort it out. My final statement was to not bother calling them. I'd be going through the proper channels by contacting the Board of REALTORS®. I then called my manager, made photocopies of everything for her, and now she or our broker will be handling it with his broker. It may end up in arbitration through the Daytona Beach REALTOR® Association. But I know without a doubt that I'll receive the remainder of the commission that he tried to take from me. All of his reasons and excuses are completely irrelevant because the rules are crystal clear. Whatever commission is stated in the MLS is the amount that has to be paid. Oh, and when I checked again I discovered the commission had been changed again. I guess it's a darn good thing I printed the MLS sheet with the correct commission when I did!

You can read more about the house itself in my post titled "Would You Buy This House?" and a follow-up post titled "Real Estate Takes A Moment of Mourning".

Learn more about REALTORS®, real estate and the Code of Ethics

View Daytona Beach area listing MLS videos

Lisa Hill real estate agent

list real estate with lisa hill and adams cameron realtors and get it sold

 

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1 commentLogan Utah Real Estate • September 27 2008 10:42PM

BrokerIPTV.com presents Russell Shaw "Market Conditions Favor Full Service"

Great video on full service brokerages like us at Cornerstone Real Estate!

0 commentsLogan Utah Real Estate • September 16 2008 03:57PM

Logan Leads Utah in Appreciation

Logan currently leads the state of Utah in Real Estate Appreciation at 3.67%.  That may not seem like a huge percentage but it is very strong for the down market the Nation is seeing.  Meanwhile there are areas in CA that are seeing up to 34% DEPRECIATION.  In Stockton, CA there 1 in 25 homes are in foreclosure compared to 1 in 226 in the state of Utah.

Cache Valley has only had 420 default notices out of 24,000 single family residences.  The valley also has a lower average price per home than the rest of the state.  Currently we are around $180,000 compared to $249,000 in Salt Lake County.

Logan is still a very affordable place to buy a home and, although down a little from last year, is still seeing good growth in home values.

If you need to search for any listings in Logan or surrounding areas, visit Logan Utah Real Estate

1 commentLogan Utah Real Estate • September 16 2008 03:43PM

Price Reduced on Smithfield Rambler

I've just reduced the price on this beautiful Smithfield rambler by $10,000 to $249,900. Sellers have also updated the basement with new carpet and paint. The backyard is incredible with a huge custom rock/concrete patio and covered deck. It is priced below the CMA value. It's also in a great neighborhood, quiet cul-de-sac, and Smithfield itself is a very quiet, clean and safe town.
0 commentsLogan Utah Real Estate • September 15 2008 04:20PM

THE TOP 8 Interior Items That Buyers REALLY NOTICE!!

Homes In Logan Utah

Logan Utah Real Estate

Via YVETTE SMITH REALTOR IN WILLIAMSBURG VA WILLIAMSBURG VIRGINIA HOMES FOR SALE:

 

THE TOP 8 INTERIOR ITEMS THAT BUYERS REALLY NOTICE!

 

1.  Buyers take special notice of LIGHT & BRIGHT homes.  Buy high-intensity light bulbs, clean light shades and covers.


2.  Buyers notice especially CLEAN homes.  Give your home a GOOD cleaning from the top to bottom.  Make sure you get those windows, tubs and toilet areas and appliances.


3.  Buyers notice CLEAN WINDOWS, fresh window treatments.


4.  Buyers notice SPACIOUS ROOMS.  Remove unnecessary items that don't fit in or that are TOO LARGE for the room.


5.  Buyers notice FRESHLY CLEANED carpets and waxed floors.  Replace or repair damaged areas of the floor.


6.  Buyers notice colors that will BLEND with the decor and furnishing.  A fresh coat of paint goes a long way!  Think whites or off-whites or beige.  These type of  colors will make a room look BIGGER & BRIGHTER (see tip #4!)


7.  Buyers notice closet and cabinet space.  NEATLY arrange your closets and cupboards.  Get rid of all unnecessary items.  Organize your storage areas so it doesn't appear that you LACK storage space.


8.  Buyers pay attention to timy details.  FIX all the "LITTLE THINGS..." loose door knobs, leaky faucets, towel racks and clean caulk areas are key.


Following these tips will aid in getting your home sold QUICKLY.  If you would like an In-Home Presentation, call Yvette Smith to assist you in getting your home from Sale To SOLD!


Courtesy of Yvette Smith, SRES® REALTOR®
WILLIAMSBURG REAL ESTATE
757-753-7472
5350 Discovery Park Blvd
Williamsburg, VA 23188

2 commentsLogan Utah Real Estate • September 14 2008 09:13PM

Logan Utah Income Property Update

In 2007 there were only 9 income properties sold in Logan Utah.  Income property meaning legal duplex, triplex or 4-plex.  The average price was $205,162.

So far this year we have seen 25 properties sold and the average price is slightly higher at $207,266. Obviously the demand for these types of properties has gone up but why hasn't the price?

My belief is that in the Spring-Fall of 2005 there was such a demand for these properties that prices jumped substantially faster than they should have.  They have taken the past few years to catch correct and now the demand is picking back up again.  I think that the pricing will go up more in the Spring as the market picks up again and demand is even higher.

 

0 commentsLogan Utah Real Estate • September 14 2008 09:06PM

New Logan Listing 2 Story Home in Great Shape

Logan Utah Real Estate

Via Alan Barker:
This two story Logan home has only been lived in for a year. It has two toned paint and ceiling fans in nearly every room. The floorplan is fantastic with a formal living room, two family rooms, 4 bedrooms, and two and a half bathrooms. See more pictures of this Logan Utah Home for Sale.
0 commentsLogan Utah Real Estate • September 14 2008 08:39PM

Which comes first? Qualifying mortgage or the search for a home?

Logan Utah Real Estate

Via Gail Tassey:

Just musing here about some thoughts that were brought to my attention .. which comes first.. Buyers qualifying for a home mortgage and shopping for a home in that price range... or search for a home and hoping they qualify for that one?

As an agent I suggest, advise, and urge a buyer to PLEASE PLEASE PLEASE speak to a lender first.  Get an idea of what you can afford, what it will take to be a qualified buyer.  Few folks have wide open pocketbooks that will allow them to start looking in any price range and pick what they fancy.  To prevent later discouragement its best to know where and what you are shopping for.

Would you look at a Maserati if you could afford a KIA?  Sure to look at something above your todays dollar spending range  is a wonderful dream, as long as you know you are dreaming and its a someday.  great thats incentive to work hard and save.  But you wouldn't walk into that dealership thinking you could buy that new Maserati and be disappointed at the sales table.  Don't set yourself up for that disappointment when home shopping either.

Another advantage of prequalifying is you may be delighted to find you can afford a more expensive home than you thought.  And don't forget to look a bit above the price range, often sellers will negotiate a price or some of the closing costs.

With the daily rising costs of fuel I don't run all over town to show buyers unless they are prequalified by a lender first.  Its a personal decision I made this summer, sure I'm not out showing as much but when I am showing I can feel those buyers are serious and not just lookers.  I believe I will benefit by only showing prequalified and ready to buy buyers.

If you are a ready to buy buyer in the Austin Texas area, give me a call.. lets talk .  Gail Tassey, Realtor, Keller Williams Realty, Southwest Austin Tx.. 512-217-9482 mobile.  gailnttexas@gmail.com

1 commentLogan Utah Real Estate • September 14 2008 08:27PM

Beautiful Smithfield Golf Course Home

You'll love this incredible quality home right off of Birch Creek Golf Course. It was built by Mt. Sterling construction and has been built with the highest of quality. Click link below for 18 pictures of the home! Views of Smithfield Canyon and of the Valley and Mountains. Quiet Cul-De-Sac....Qualified buyers only please. Call for address and more details!
1 commentLogan Utah Real Estate • September 10 2008 12:26AM

Cache County Real Estate Market Jan-Sept 2007 vs. 2008

I had a little time on my hands today and wanted to compare the past couple of years of the Cache County Real Estate Market......so here we go!

Jan. 1, 2007 to Sept 6, 2007

During this time there were 1611 new single family / condo listings with the average listing price of a new listing at $225,010. There were 850 single family residences (not condos) closed at the point in the year for 2007.  The average price of a sold home was $199,322. 

There were also 100 condos sold with an average price of $109,413.

The average Days on Market (Time from listing date to the date an offer was accepted) was 63 days.

Jan. 1, 2008 to Sept. 6, 2008

So far in 2008 there have been 1660 new listings in Cache County with the average new listing price at $226,994.  Single family residence sales are at 694 with the average sales price at $200,189.

For condos there have been 80 sales at an average price of $130,903.

The average Days on Market has been 70 days.

Summary:  Sales are slightly down from last year (surprise, surprise) with 950 total homes sold by Sept. 6, 2007 compared to 774 so far in 2008.  Days on Market has increased slightly as well as the number of new listings.

One bright note is the increase in appreciation for condos in 2008 compared to 2007.  Single family homes are slightly up but not by much. 

Hopefully this Winter will stay steady and we will see a good increase into the Spring!

 

0 commentsLogan Utah Real Estate • September 06 2008 08:01PM

Nibley Utah Real Estate Market Snap-shot

Logan Utah Real Estate

Via Alan Barker:

It looks like the booming Nibley Utah real estate market has slowed down. There are currently 72 MLS homes for sale in Nibley. In the last year, only 74 listings sold. If home sales continue at the pace they've been for the last year, it will take almost a full year to sell all the existing housing inventory if no new properties were listed.

The fact is, in a town like Nibley there will only be more listings.  The other dilema is that the price of the active listings is more than the price of the homes that have sold. The current active median list price is $237k the median sold price was $204k.

Nibley is a nice area, and there are many nice homes for sale. The only problem is that there are too many of them. It's a buyers market in Nibley and there is a good chance you can get quite the deal by buying from a motivated seller.

0 commentsLogan Utah Real Estate • September 05 2008 11:16PM

Updated Listing In Mendon

Logan Utah Real Estate

Via Ethan Poppleton:

I blogged about this home in the winter, and the contract we had on it fell through.  We just dropped the price 10k, so now is your chance.  It is just one of many Logan Utah Real Estate options right now, but the best in Mendon.  Click here to see more details on the house.

 

0 commentsLogan Utah Real Estate • September 01 2008 09:03PM