Wednesday, July 27, 2011
Is the American Dream Dead?
I was watching the news the other day while I was eating lunch and the show that was on had a headline that read "Is the American Dream Dead?" I was in a restaurant so the sound was not turned up, but this got me to thinking as I watched the different headlines they posted. I mean, when I think of the American Dream, I think of Home Ownership and Entrepreneurship. One of the headlines that was shown said that over 50% of Americans believe that the American Dream is Dead. So I thought I would post this blog and get some feed back. Tell me what you think. What is the definition of "The American Dream"? Is the "American Dream" Dead? Is it Wounded? Is it on Life Support? What do you think?
Thursday, May 26, 2011
Architecture Coach: Life in the Great 'Outdoors'
Consumers are looking for an outdoor space that has the creature comforts of indoor rooms, which they can enjoy in any weather. Here are some of the issues they should consider on this kind of home project.
Decks, pergolas, and outdoor kitchens all enhance a home owner’s enjoyment of a yard and improve the resale value of the home. But at the top of the wish list for many consumers nowadays is an “outdoor room,” which resembles an indoor space for its creature comforts and sense of enclosure, but also gives home owners additional living space in good weather — and sometimes in bad weather if some kind of covering is included.
“Because home owners are staying put longer, we find many are interested in building an outdoor room, which can be more cost-effective than adding interior space,” says Brian Brunhofer, president of builder Meritus Homes in Deerfield, Ill. Brunhofer advises home owners to live in their house for a year before they build an outdoor room to ensure they know what they want.
For home owners to gain maximum use of outdoor rooms depends on factors including its size, location, amenities, and furnishings, says architect Mark R. LePage, owner of Fivecat Studio in Pleasantville, N.Y.
As a real estate pro, you can help home owners understand the importance of other key decisions, such as:
1. Whom will they hire?
The decision should hinge on what functions it will serve and what elements it will include. If it’s just a deck with seating and maybe a pergola, a contractor may do the job well. But if it’s also going to include some kind of water element or a living green wall, they may be better off hiring a landscape designer or architect. Help them find the right professional by checking the Web sites of the American Society of Landscape Architects and American Association of Professional Landscape Designers.
2. How many will use it, and for what purpose?
The number of people who will use the room regularly and the primary purpose of the space should greatly influence its size and layout, says landscape architect Jeff Plusen, owner of Plusen Designs in Catonsville, Md. For some, it may be a place to sit in the morning and sip coffee, while others may want the room to feature a large al fresco dining table, buffet, and outdoor kitchen for a crowd.
In recent years, outdoor rooms have taken on other uses, ranging from TV nooks — with screens that can weather the elements — to chef-style kitchens for an entire meal rather than just the main course, says landscape architect Steve Chepurny of Beechwood Landscape Architecture and Construction in Southampton, N.J.
Caveats: Any room should relate proportionally to the site and home, Chepurny says. And those who have generous acreage may desire a series of rooms with different purposes linked by paths or gates, says landscape architect Jeff Allen in Winston-Salem, N.C.
3. Where should the outdoor room be located?
The location should be based on these considerations:
▪ Distance from the house: How close or far and how to access to the room are all key decisions. “Home owners may not want visitors to cut through their house to reach a room out back but prefer them to use an outside walk,” says Norwood, Conn.-based landscape designer Donna Christensen. Functionality should also affect choice. An outdoor room with an eating area might be located near the back kitchen for ease. Yet, one arranged at a distance and with proper amenities can offer a sense of adventure, Plusen says.
▪ Topography: A sloped or rocky spot may be more difficult to build on and require steps, thereby spurring the choice of a more level site, LePage says. Both natural and manmade drainage are essential for the room to avoid being flooded, adds designer Paige Rien, host of HGTV’s show “Hidden Potential.”
▪ Natural vistas: Picture-postcard views of woods, mountains, water, or other scenery should be considered as backdrops, if other factors are right, Brunhofer says.
▪ Sun, shade, or a combination: The amount of sun and shade can make a big difference in enjoyment,though it also necessitates certain additions. A very sunny spot may require a shaded canopy, whereas a heavily wooded area might be screened to avoid annoying mosquitoes.
▪ Unusual locations: Not all outdoor rooms are located at ground level or a few feet above. Many residents of high-rise condos are lucky to have a terrace that they can transform into an outdoor room. The height, climate, and proximity of other buildings should be factored in. Additionally, strong winds may require low-growing materials rather than trees and furniture that’s bolted down, say Denise LeFrak Calicchio and Roberta Model Amon, coauthors of Rooftop Gardens: The Terraces, Conservatories, and Balconies of New York (Rizzoli, 2011).
4. What else helps transform a terrace into a room?
Here are some essential features:
▪ Walls: Christensen prefers to plant materials on a trellis and keep it relatively open to allow in light. But a stone wall can work, and if low enough, function as extra seating. Plusen suggests two layers — one to enclose the room for privacy and a second to accent it with texture and color.
▪ Flooring: The choice of flooring should be selected according to its use, climate, and aesthetics. Honed stones are easier to walk on, last a long time, and can create an elegant old-world feeling, while a lawn will be softer for bare feet and suggest a more rustic look. Allen likes to mix materials such as brick pavers bordered by stone to connote an area rug.
▪ Furnishings: New materials can withstand inclement weather so home owners can leave furnishings outdoors year-round. Some mimic natural reeds and grasses.
▪ Lighting: Illuminating a room with lamps in trees to highlight branches or on the ground to provide a clear pathway will make the room more user-friendly at night as well as provide pleasant views from inside out. Light-emitting diodes, or LEDs, provide the most long-lasting, efficient illumination. Christensen advises incorporating white flowers since they’re most visible in the dark.
▪ Music: Take your pick — an iPod and docking station, wireless speakers, or even trickling water add more sensory delights and block neighbors’ distracting noises or street traffic.
5. What’s the total budget?
Because an outdoor room can mean anything from a kitchen with simple barbecue to an elaborate set-up with a fancy grill, refrigerator, sink, warming drawer, dishwasher, beer tap, and pizza oven, home owners should fine-tune their wish list. The various components plus labor add up quickly — and vary based on materials and the home owner’s location. A fire pit handcrafted from locally quarried masonry generally runs between $5,000 and $7,000, while a fireplace may cost double or triple that, says contractor Dean Marsico, cohost with Derek Stearns of DIY’s “Indoors Out.”
Before home owners proceed with a new outdoor room, make sure they know that it doesn’t have to be finished so quickly that they shortchange choices. It’s better for them to get exactly what they want for maximum enjoyment, and, if necessary, spread phases of the project over several years rather than in a few months to get their desired results.
By Barbara Ballinger
May 2011
Information from Realtor.org
Decks, pergolas, and outdoor kitchens all enhance a home owner’s enjoyment of a yard and improve the resale value of the home. But at the top of the wish list for many consumers nowadays is an “outdoor room,” which resembles an indoor space for its creature comforts and sense of enclosure, but also gives home owners additional living space in good weather — and sometimes in bad weather if some kind of covering is included.
“Because home owners are staying put longer, we find many are interested in building an outdoor room, which can be more cost-effective than adding interior space,” says Brian Brunhofer, president of builder Meritus Homes in Deerfield, Ill. Brunhofer advises home owners to live in their house for a year before they build an outdoor room to ensure they know what they want.
For home owners to gain maximum use of outdoor rooms depends on factors including its size, location, amenities, and furnishings, says architect Mark R. LePage, owner of Fivecat Studio in Pleasantville, N.Y.
As a real estate pro, you can help home owners understand the importance of other key decisions, such as:
1. Whom will they hire?
The decision should hinge on what functions it will serve and what elements it will include. If it’s just a deck with seating and maybe a pergola, a contractor may do the job well. But if it’s also going to include some kind of water element or a living green wall, they may be better off hiring a landscape designer or architect. Help them find the right professional by checking the Web sites of the American Society of Landscape Architects and American Association of Professional Landscape Designers.
2. How many will use it, and for what purpose?
The number of people who will use the room regularly and the primary purpose of the space should greatly influence its size and layout, says landscape architect Jeff Plusen, owner of Plusen Designs in Catonsville, Md. For some, it may be a place to sit in the morning and sip coffee, while others may want the room to feature a large al fresco dining table, buffet, and outdoor kitchen for a crowd.
In recent years, outdoor rooms have taken on other uses, ranging from TV nooks — with screens that can weather the elements — to chef-style kitchens for an entire meal rather than just the main course, says landscape architect Steve Chepurny of Beechwood Landscape Architecture and Construction in Southampton, N.J.
Caveats: Any room should relate proportionally to the site and home, Chepurny says. And those who have generous acreage may desire a series of rooms with different purposes linked by paths or gates, says landscape architect Jeff Allen in Winston-Salem, N.C.
3. Where should the outdoor room be located?
The location should be based on these considerations:
▪ Distance from the house: How close or far and how to access to the room are all key decisions. “Home owners may not want visitors to cut through their house to reach a room out back but prefer them to use an outside walk,” says Norwood, Conn.-based landscape designer Donna Christensen. Functionality should also affect choice. An outdoor room with an eating area might be located near the back kitchen for ease. Yet, one arranged at a distance and with proper amenities can offer a sense of adventure, Plusen says.
▪ Topography: A sloped or rocky spot may be more difficult to build on and require steps, thereby spurring the choice of a more level site, LePage says. Both natural and manmade drainage are essential for the room to avoid being flooded, adds designer Paige Rien, host of HGTV’s show “Hidden Potential.”
▪ Natural vistas: Picture-postcard views of woods, mountains, water, or other scenery should be considered as backdrops, if other factors are right, Brunhofer says.
▪ Sun, shade, or a combination: The amount of sun and shade can make a big difference in enjoyment,though it also necessitates certain additions. A very sunny spot may require a shaded canopy, whereas a heavily wooded area might be screened to avoid annoying mosquitoes.
▪ Unusual locations: Not all outdoor rooms are located at ground level or a few feet above. Many residents of high-rise condos are lucky to have a terrace that they can transform into an outdoor room. The height, climate, and proximity of other buildings should be factored in. Additionally, strong winds may require low-growing materials rather than trees and furniture that’s bolted down, say Denise LeFrak Calicchio and Roberta Model Amon, coauthors of Rooftop Gardens: The Terraces, Conservatories, and Balconies of New York (Rizzoli, 2011).
4. What else helps transform a terrace into a room?
Here are some essential features:
▪ Walls: Christensen prefers to plant materials on a trellis and keep it relatively open to allow in light. But a stone wall can work, and if low enough, function as extra seating. Plusen suggests two layers — one to enclose the room for privacy and a second to accent it with texture and color.
▪ Flooring: The choice of flooring should be selected according to its use, climate, and aesthetics. Honed stones are easier to walk on, last a long time, and can create an elegant old-world feeling, while a lawn will be softer for bare feet and suggest a more rustic look. Allen likes to mix materials such as brick pavers bordered by stone to connote an area rug.
▪ Furnishings: New materials can withstand inclement weather so home owners can leave furnishings outdoors year-round. Some mimic natural reeds and grasses.
▪ Lighting: Illuminating a room with lamps in trees to highlight branches or on the ground to provide a clear pathway will make the room more user-friendly at night as well as provide pleasant views from inside out. Light-emitting diodes, or LEDs, provide the most long-lasting, efficient illumination. Christensen advises incorporating white flowers since they’re most visible in the dark.
▪ Music: Take your pick — an iPod and docking station, wireless speakers, or even trickling water add more sensory delights and block neighbors’ distracting noises or street traffic.
5. What’s the total budget?
Because an outdoor room can mean anything from a kitchen with simple barbecue to an elaborate set-up with a fancy grill, refrigerator, sink, warming drawer, dishwasher, beer tap, and pizza oven, home owners should fine-tune their wish list. The various components plus labor add up quickly — and vary based on materials and the home owner’s location. A fire pit handcrafted from locally quarried masonry generally runs between $5,000 and $7,000, while a fireplace may cost double or triple that, says contractor Dean Marsico, cohost with Derek Stearns of DIY’s “Indoors Out.”
Before home owners proceed with a new outdoor room, make sure they know that it doesn’t have to be finished so quickly that they shortchange choices. It’s better for them to get exactly what they want for maximum enjoyment, and, if necessary, spread phases of the project over several years rather than in a few months to get their desired results.
By Barbara Ballinger
May 2011
Information from Realtor.org
Wednesday, April 20, 2011
Three Buyers questions I would like to Answer
1."If it’s possible that prices will continue to fall, why should I buy now?"
While price is the major concern for anyone selling a home, cost should be your primary concern as a buyer. That means you have to take into account what your monthly payment will be, considering not only the price of the home but also the interest rate of your mortgage. Waiting for prices to bottom out while rates are increasing can wind up costing more over the life of the mortgage. Fannie Mae, Freddie Mac, the NATIONAL ASSOCIATION OF REALTORS®, PMI, and the Mortgage Bankers Association are all projecting interest rates will increase over the next several quarters. It’s best that you meet with your mortgage professional to help you determine what an interest rate increase will cost you based on the expected size of your loan. That will help you make a decision.
2. "When will I begin to see appreciation if I buy now?"
Appreciation varies by market, so it’s important to look closely at local pricing trends. Nationally, there are indications that values will begin to rise this year. NAR projects home prices to grow slightly (0.5 percent) in 2011. Macro Markets LLC, a financial technology company, recently asked more than 100 housing industry experts to project housing prices through 2015. The results—released in the company’s 2010 Home Price Expectation Survey—show that experts think prices will start increasing in the second half of 2011, reaching a cumulative appreciation of more than 10 percent between now and 2015.
3. "Does buying really make better sense than renting?"
How to respond: Forget the finances for a minute. Why did you even begin to consider purchasing a home? The Fannie Mae National Housing Survey shows that four of the biggest reasons people buy a home have nothing at all to do with money: They want a place to raise and educate their children, a place where their family will feel safe, to have plenty of living space, and to have control over the space. What nonfinancial benefits will your family gain from owning a home? Your answers to that question should be the reason you decide to purchase or not. The bottom line is that the cost of a home will probably remain relatively unchanged even if prices continue to depreciate. Don’t allow money to be the only factor in making the decision that’s right for you.
Information provided by Realtor Mag
While price is the major concern for anyone selling a home, cost should be your primary concern as a buyer. That means you have to take into account what your monthly payment will be, considering not only the price of the home but also the interest rate of your mortgage. Waiting for prices to bottom out while rates are increasing can wind up costing more over the life of the mortgage. Fannie Mae, Freddie Mac, the NATIONAL ASSOCIATION OF REALTORS®, PMI, and the Mortgage Bankers Association are all projecting interest rates will increase over the next several quarters. It’s best that you meet with your mortgage professional to help you determine what an interest rate increase will cost you based on the expected size of your loan. That will help you make a decision.
2. "When will I begin to see appreciation if I buy now?"
Appreciation varies by market, so it’s important to look closely at local pricing trends. Nationally, there are indications that values will begin to rise this year. NAR projects home prices to grow slightly (0.5 percent) in 2011. Macro Markets LLC, a financial technology company, recently asked more than 100 housing industry experts to project housing prices through 2015. The results—released in the company’s 2010 Home Price Expectation Survey—show that experts think prices will start increasing in the second half of 2011, reaching a cumulative appreciation of more than 10 percent between now and 2015.
3. "Does buying really make better sense than renting?"
How to respond: Forget the finances for a minute. Why did you even begin to consider purchasing a home? The Fannie Mae National Housing Survey shows that four of the biggest reasons people buy a home have nothing at all to do with money: They want a place to raise and educate their children, a place where their family will feel safe, to have plenty of living space, and to have control over the space. What nonfinancial benefits will your family gain from owning a home? Your answers to that question should be the reason you decide to purchase or not. The bottom line is that the cost of a home will probably remain relatively unchanged even if prices continue to depreciate. Don’t allow money to be the only factor in making the decision that’s right for you.
Information provided by Realtor Mag
Monday, November 22, 2010
Investing in Real Estate for $10,000 or less
Have you been thinking about Investing? What has been holding you back? Money? Know how?
Most people just don't realize that they can start investing in real estate for very little money and don't even have to get a loan to do it! You can realistically start investing real estate for $10,000 or less. You have to be willing to get a little dirty and use some elbow grease, but you can do it.
Did you know that you can use your old retirement accounts from that company you dont work for anymore? Well its true. Think about it, do you want to leave your hard earned money sitting in another companies retirment account where they control your money!You have already made the decision that they are not a good enough company to work for and yet you are leaving your retirement in there hands? Where is the logic in that thinking?
Why do I say you can invest in real estate for $10,000 or less? Why not 20k, or 30k? Well the truth is you can put as big a price tag on it as you want but you have to start somewhere. That is why I am posting this today, maybe it will get you jump started into real estate investing, maybe it won't, but maybe it at least got you thinking about the future and the future is now. If you don't start planning for your retirement in a serious manner, it will sneak up on you and you won't be ready. If retirement has snuck up on you then guess what? You can still retire with dignity you just have to make the decision that you want to and get started now.
If you have any questions please contact me and I would love to talk to you about in depth. We can set up a meeting in person at my office or just discuss it over the phone.
Wayne Trammell
Realtor
Real Living Advanced Realty
http://www.waynetrammell.com/
waynetrammell@bellsouth.net
205-901-0192
Most people just don't realize that they can start investing in real estate for very little money and don't even have to get a loan to do it! You can realistically start investing real estate for $10,000 or less. You have to be willing to get a little dirty and use some elbow grease, but you can do it.
Did you know that you can use your old retirement accounts from that company you dont work for anymore? Well its true. Think about it, do you want to leave your hard earned money sitting in another companies retirment account where they control your money!You have already made the decision that they are not a good enough company to work for and yet you are leaving your retirement in there hands? Where is the logic in that thinking?
Why do I say you can invest in real estate for $10,000 or less? Why not 20k, or 30k? Well the truth is you can put as big a price tag on it as you want but you have to start somewhere. That is why I am posting this today, maybe it will get you jump started into real estate investing, maybe it won't, but maybe it at least got you thinking about the future and the future is now. If you don't start planning for your retirement in a serious manner, it will sneak up on you and you won't be ready. If retirement has snuck up on you then guess what? You can still retire with dignity you just have to make the decision that you want to and get started now.
If you have any questions please contact me and I would love to talk to you about in depth. We can set up a meeting in person at my office or just discuss it over the phone.
Wayne Trammell
Realtor
Real Living Advanced Realty
http://www.waynetrammell.com/
waynetrammell@bellsouth.net
205-901-0192
Second Homes
Hello, I wanted to talk about Second homes today. I know you might be thinking that talking about second homes in an economy like this is crazy. But it is actually the opposite, now is the time to be talking about it. Prices are low, there are a ton of vacation homes to look at, rates are at historic lows and this all means great deals for you, the buyer.
SO, if you have been thinking about owning that perfect getaway and if now is a good time too buy? Yes, it is and here are some points to ponder before purchasing:
1. Where do you like to vacation to the most?
2. How often can you realistically go to this home?(not just full vacations, but weekend getaways too)
3. Will this be a private getaway or will you share it with family and friends or even rent it out?
4. What do you want to do on Vacation?
5. How much room do you need?
6. How much can you realistically afford?
7. Do I have enough for a down payment?
If you have any questions please feel free to contact me and I will be glad to assist you.
Wayne Trammell
Realtor
Real Living Realty
http://www.waynetrammell.com/
waynetrammell@bellsouth.net
205-901-0192
SO, if you have been thinking about owning that perfect getaway and if now is a good time too buy? Yes, it is and here are some points to ponder before purchasing:
1. Where do you like to vacation to the most?
2. How often can you realistically go to this home?(not just full vacations, but weekend getaways too)
3. Will this be a private getaway or will you share it with family and friends or even rent it out?
4. What do you want to do on Vacation?
5. How much room do you need?
6. How much can you realistically afford?
7. Do I have enough for a down payment?
If you have any questions please feel free to contact me and I will be glad to assist you.
Wayne Trammell
Realtor
Real Living Realty
http://www.waynetrammell.com/
waynetrammell@bellsouth.net
205-901-0192
Wednesday, July 14, 2010
Short Sales
I decided to post this entry about short sales because the more that I talk with clients the more I realize that people don't understand what the term "Short Sale" means or what a "Short Sale" accomplishes. Most people that I talk with think that a short sale is a quick sale in the aspect of time. This train of thought is incorrect. The term Short Sale means that a home owner is selling their home for less than what they owe instead of Foreclosure. In order to have a Short Sale, you must talk with the Mortgage Company first to see if you qualify for a Short Sale. You do not have to be behind on payments, however you do need to be going through a hardship (i.e. lost your job, sickness, lost primary income earner, etc). No matter what you do, do not stop making payments on your home so that you can do short sale, just because your behind does not mean that you will be automatically approved for a short sale. Short Selling is not new, it has been around for quite a few years. It may have changed names or be called different things depending on what part of the country you live in. You may be asking, "Why would a mortgage company let you sell your home for less than what you owe?" Here is the answer: A mortgage company is a business and never forget that they are about making a profit, it is how they keep their doors open and lights on. Mortgage companies (i.e. Banks) spend millions of dollars foreclosing on properties that then sit vacant being vandalized, and while all this is going on the house is losing value and deteriorating from time. Yes a vacant home deteriorates a lot faster than a lived in home. So it is imperative that the bank sells the home as fast as possible and for as much as possible. So lets throw out a hypothetical situation where the bank has an option to either foreclose or do a short sale:
1. Foreclosure: You are the bank and you foreclose on a house that has a mortgage of $100,000 and is worth $120,000, this will cost you $5,000 to foreclose and clear up any other leans on the property so that you can then re-sell it. You list the home with a reputable Real Estate firm. You ask $120,000 for the home trying to recoup your expenses and the house then sits on the market for three months (because remember in today's market you are also competing with other houses that were foreclosed for cheaper amounts and can therefore be sold cheaper than what you can sell for). Three months down the road you have dropped your price from $120,000 to $99,000 and will entertain offers that are now around $90,000. So the house finally sells for $90,000 and you have about $1000 in closing costs. So lets review: You spent $5000 to foreclose, $1000 to close, $3600 to sell, and you sold for $10,000 less than what you loaned on it, plus it sat for at least five months(3 on the market, 1 getting the previous owner out and 1 under contract). You the bank has lost $19,600.
2. A Short Sale: You approve a Short Sale on the above mentioned property before foreclosure proceedings begin. It stays on the market while you still get some form of payment from the homeowner and the house is still occupied and being cared for. Your market for potential buyers is up because a lot of buyers will not look at foreclosures. After several months, you receive and accept an offer of $95,000. Lets see now what you have got: After closing you still have the $5000 that you didn't spend on Foreclosing, You sold for $5000 more than you did as a foreclosure so you have automatically made more money and probably sold the house more quickly, and all the while you still had a tenant who was making some type of payment to you while they were there.
In closing, the term "Short Sale" refers more to the fact that the bank is selling for a smaller amount than the mortgage they hold on the property. It has absolutely nothing to do with the amount of time it would take to purchase, or that the purchase transaction will be a quick one. In fact, the process usually takes quite a bit longer, and you should know as a buyer that you will need to go into the process expecting it to take several months to get to the closing table. In the end, however, everyone can come out with a great deal.
I hope that this helps any of you that may have had questions about a Short Sale or were just wondering what the term meant. Thanks for reading my blog and remember to checkout my website for more great information http://www.waynetrammell.com/
1. Foreclosure: You are the bank and you foreclose on a house that has a mortgage of $100,000 and is worth $120,000, this will cost you $5,000 to foreclose and clear up any other leans on the property so that you can then re-sell it. You list the home with a reputable Real Estate firm. You ask $120,000 for the home trying to recoup your expenses and the house then sits on the market for three months (because remember in today's market you are also competing with other houses that were foreclosed for cheaper amounts and can therefore be sold cheaper than what you can sell for). Three months down the road you have dropped your price from $120,000 to $99,000 and will entertain offers that are now around $90,000. So the house finally sells for $90,000 and you have about $1000 in closing costs. So lets review: You spent $5000 to foreclose, $1000 to close, $3600 to sell, and you sold for $10,000 less than what you loaned on it, plus it sat for at least five months(3 on the market, 1 getting the previous owner out and 1 under contract). You the bank has lost $19,600.
2. A Short Sale: You approve a Short Sale on the above mentioned property before foreclosure proceedings begin. It stays on the market while you still get some form of payment from the homeowner and the house is still occupied and being cared for. Your market for potential buyers is up because a lot of buyers will not look at foreclosures. After several months, you receive and accept an offer of $95,000. Lets see now what you have got: After closing you still have the $5000 that you didn't spend on Foreclosing, You sold for $5000 more than you did as a foreclosure so you have automatically made more money and probably sold the house more quickly, and all the while you still had a tenant who was making some type of payment to you while they were there.
In closing, the term "Short Sale" refers more to the fact that the bank is selling for a smaller amount than the mortgage they hold on the property. It has absolutely nothing to do with the amount of time it would take to purchase, or that the purchase transaction will be a quick one. In fact, the process usually takes quite a bit longer, and you should know as a buyer that you will need to go into the process expecting it to take several months to get to the closing table. In the end, however, everyone can come out with a great deal.
I hope that this helps any of you that may have had questions about a Short Sale or were just wondering what the term meant. Thanks for reading my blog and remember to checkout my website for more great information http://www.waynetrammell.com/
Sunday, May 9, 2010
Meeting the Public
This Thursday I will be holding a Question and Answer session from 5:30 to 6:30p.m. at my office in Gardendale (1030 Main Street). Please feel free to come by and ask questions. I look forward to helping with your Real Estate endeavors and welcome the chance to answer any and all questions concerning today's Real Estate Market. You can contact me through my website http://www.waynetrammell.com/ , use the contact button and send me an email. Also remember the only dumb questions are the ones you don't ask. Thanks for reading my blog.
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