My nude seller…

•February 2, 2010 • Leave a Comment

For years now my Mom has encouraged me to write a book about my adventures in real estate. For some reason, I have some of the most “interesting” experiences. So, this is the beginning of a new series of adventures in Hampton Roads real estate. Please note I will not be disclosing any specific information about the persons or locations in any of my stories.

This particular adventure starts at a pre-listing appointment to assess the condition and amenities in order to assess the true value of the property. I sit down at the dining room table with Mr. and Mrs. Seller on each side of me. Humm? First Mrs. Seller informs me they are divorcing and says “you tell Mr. Seller he has to clean out the garage” then on the right I hear “you tell Mrs. Seller to get her shoes out of the closets”, and on we go. So, we decide to sign the listing documents necessary to market the home. As I leave I install the lock box and place the sign in the front yard. As I drive back to the office to turn in the listing documents, I wonder if all communications will be the way the pre-listing appointment was.

A couple of days go by, and we have a few showings by other agents without incident. I receive a call from a prospective buyer who is not working with an agent and informs me that they are interested in seeing my new listing. Of course, I’m delighted to show them the property, so I proceed with notifying the Mr. Seller who is the one living in the home. Our agreement was, “leave a message and go show”, so I leave a message and coordinate a time to show the home to the buyers. I arrive a bit early to find Mr. Seller’s car is not home. Shortly thereafter, the buyers arrive and we approach the home. I ring the doorbell as I am accessing the lock box. I unlock the door and as I open the door, I call out “hello, anyone home?” No answer, so I begin to show the home and demonstrate its features. We walk through the living room, the dining room and family room. As we make our way down the hall, I open the first door on the right. There before my eyes was my wet Mr. Seller in the “full monty” for all to see. He yells, I scream and slam the door, the buyers run out and I can’t get the front door shut fast enough.

Needless to say, I never heard back from the buyers again. We did however, get the home sold and at the closing table, I struggled to look him in the eye. I couldn’t get the vision out of my mind!

Moral of the story, if you’re showing homes, continuously call out to the owners as you enter different rooms or floors. Prepare you sellers for showings; tell them to LOCK the bathroom door if their home is on the market.

Costly mistakes sellers make

•January 26, 2010 • 1 Comment

If you’ve been considering selling your home, avoid making these costly mistakes.

Chasing the market by overpricing will cost you big bucks the long run.

Don’t over-improve the property, causing it to fall outside of the proper price range for the neighborhood.

Overlooking the details when preparing the home for sale Know who your competition is, what they offer, how they show, make repairs, de-clutter and clean, clean clean.

Avoid “seller sabotage”. DO NOT stay at the house when it is being shown to prospective buyers. Buyers should be able openly check the property.

Targeted marketing to the right buyer profile. For instance, if you own a 2 bedroom condo on the 3rd floor, it would not be the highest and best use of your advertising dollar to run an ad in a magazine, when your buyer doesn’t look at magazines. You should have the listing featured where the “Gen Y’s” are looking, online.

Don’t responding emotionally to a low ball offer by flat-out rejecting the offer. The buyer took the time to write it, at least take the time to counter it.

I hear often from sellers, that someone offered us this amount. I ask them about the terms of the offer, and they say it was a verbal offer. Don’t waste time with unqualified buyers or those who won’t put it in writing. Typically, there’s a reason they won’t put it in writing first. Can you say “RED FLAG”?

Selling your home “FSBO” or “For Sale By Owner” takes time, requires understanding of real estate contracts, paperwork, marketing materials, advertising and opening your home to strangers.

Signing contract documents without reading the “fine print” or understanding the terms completely, can be very costly. Don’t do it.

By hiring an experienced Realtor when selling your largest asset, you should enjoy a smooth transaction and avoid the aforementioned pitfalls

EGO Eliminates growth opportunity

•January 25, 2010 • 2 Comments

Ever heard ego described as the thing that eliminates growth opportunity.

Too often we come across people who are a “legend in their own mind”. It drives me nuts, because these same people view themselves as superior but lack compassion. Compassion for those who have different ideas, opinions, values, gifts and talents. These differences are what makes the world go round.

When someone asks you a question, don’t criticize them for the question; applaud the fact that they sought an answer from you. This person could teach you a thing or two, if you invested just a little time in getting to know them better.

We should work harder to keep from drawing conclusions or judgments about people and their behaviors. We’re eliminating our growth opportunities.

Please be a pooper scooper

•January 25, 2010 • Leave a Comment

You bought a condo with no yard. Then you bought a dog, which requires that you take them for a walk since you have no yard. So please tell me why you don’t feel you have to pick up after your dog. Who do you think is going to pick it up?

Over the last several years, we’ve had people move in and out of our condo community. As soon as they move in with a dog, I guess they don’t think anyone will notice the poop starts mysteriously showing up too? Don’t these folks realize how disrespectful, not to mention how unsanitary this irresponsible behavior is.

One new neighbor let their pooch do his business on our sidewalk at the back of our unit, as I watched from inside. This was the third and last time. I walked out and asked them if they needed a bag. Apparently, they were shocked to find me standing behind them and caught in the act. No response followed. So I said “You are picking that up, right?”, again nothing was said just the look of shocked. Finally they nodded and picked up the mess! Needless to say, we haven’t had any further problems.

The City of Virginia Beach as a code associated with the pickup and disposal of pet waste.</strong> Code #5-16 states: There is an ordinance that prohibits any owner or person in control of a dog to allow the dog to urinate or defecate on public or private property. It is not constitute a violation on public property if the owner or custodian immediately removes the material defecated and disposes of it in a safe and sanitary manner.

Be a good neighbor and responsible pet owner, clean up after your pet. Thank you.

Don’t quit!

•January 22, 2010 • Leave a Comment

Man & womans best friend

•January 21, 2010 • Leave a Comment

Jack, my Shar-pei

Almost two weeks ago my shar-pei of 8 plus years was diagnosed with CRF or chronic renal failure. Apparently it’s common in the breed. Ever since I’ve learned how to give him fluids twice a day. It’s amazing what you can do when you have to. We are feeding him foods with as much moisture in them as possible, to assist with rehydrating him. Initially he was eating like a horse, as I’m sure table foods beat the heck out of that dry nasty dog food. He’s slowed down a bit the last couple of days though. I better keep that down, Hope, my rescue dog may hear that and boycott the dry dog food too.

He has had two seizures since being diagnosed, which breaks my heart. It’s so difficult watching a furry family member go downhill. Praying that we know when it’s his time.

Don’t gamble with your future

•January 19, 2010 • 2 Comments

Stop gambling with your future

On a trip to Las Vegas recently, I found myself parked in front of the “Wheel of Fortune” slot machine. As much as I hate to admit it, I love playing that slot. The only problem is I normally leave with less than I started with. We all know that’s how these lavish hotels and casinos were built.

As I sat on the plane on our way home, I realized how many sellers gamble with their largest asset. They sit at the slot machine, making one bad decision after another, falling deeper and deeper in the hole.

If you are struggling to meet you mortgage payments, you need to call a Realtor right away. Don’t fall behind in your payments then call for help. Based on the market times required to sell a property, your best option is to call first, don’t let pride or embarrassment keep you from making the “right” decision. We are here to help, not to judge. A strong listing agent should be able to assess your situation, and determine if you should sell now or speak with your lender to negotiate your loan terms.

I have helped several clients with this situation, I can help you too.

Foodies unite, it’s Restaurant Week in Hampton Roads

•January 18, 2010 • Leave a Comment

Friday night was “date nite” for my hubby and I, so we went out to One Fish Two Fish, one of our favorites to enjoy some time together. Our server, Meredith, was wonderful and reminded us to come out this week for Restaurant Week! This is aways an opportunity to check out a new restaurant! Not sure where we’ll be heading yet, but I want to check out a few places. Any suggestions?

Click here, for the list of restaurants participating!

Bon a petite!

Swimming with the sharks

•January 17, 2010 • 1 Comment

In 2000 my husband and I decided to get certified to scuba dive. I found that diving was more about mind over matter than the activity it’s self. In 2002, we had the opportunity of a lifetime. For our ten-year anniversary we took off for a month and went to Fiji. We started our adventure on a dive live aboard, the Nai’a. The diving was the best we’ve ever experienced.

One particular dive was in the Nigali Passage. It was known as the “shark dive”. I had a discussion with our dive master Russi about my hesitation to do the dive. Somehow he convinced me we were safe, and I would miss out on the experience of a life time. A wide stride later, I was dropping down to 60 feet on the ledge of a reef, tucked down holding on tight. Next, two of the dive masters drop down with a “frozen chum-cicle” for the sharks. What happened next was not what I expected.

In a moment, there were grouper everywhere. They were eating in a frenzy like fashion. In the distance, we start seeing large dark shadows swimming about. Then out of the blue abyss our featured guests arrived. As grey reef sharks and black tips started to swim closer, I remember how sleek and elegant they were as they moved through the water. Each took their turn, and as they drew closer the smaller fish would part, creating a clear path to the food. I expected and dreaded the site of a thrashing excited frenzied feeding. Much to my surprise it wasn’t anything like that. Each took strong quick bites passing by us as they circled back out to the endless sea of blue. I watched in awe.

The shark feeding was one of the most amazing experiences and taught me more than I ever imagined. I have to confess, I love to watch “shark week” every year, but still hate that these amazing creatures are portrayed as evil predators.

For years now, I’ve compared real estate with diving. I’ve called it “swimming with the sharks“. I have found that the faster you excel the more the sharks start to circle. They look for faults or weaknesses as though there is a reward for the effort, all in the name of “feeding” on the chum. I love the real estate business as much as I love diving. Each dive you jump in with hopes of seeing a rare nudibranchs, hammer-head shark, sea-horse, etc. Real estate allows me to dive into a new day giving me the ability to find unexpected opportunities in surprising places.

If you’re tired of “swimming with the sharks” in your business, put some air in your bc and rise above their tactics. I am.

2009 real estate market ends on high note

•January 12, 2010 • Leave a Comment

Open the door to a new year!

Hampton Roads 2009 housing market finished on a high note showing improvements.

Residential homes for sale fell for the 11th month compared to 2008. Hampton Roads Active inventory is down 8.08 months. Typically the normal range considered a stable market is 6 months.

Pending sales for 2009 passed 2008 by 25%.
Under contract sales of residential homes surpassed December 2008 totals, increasing by 25%.

“Sold” residential units were up 27% for the Hampton Rodes for December 2009 compared to December 2008.

Though our market seems to be recovering, 24.1%of the resale homes sold in December were distressed sales, bank owned or short sale listings. Hampton Roads may be on the road to recovery, but with such a large percentage of distressed sales, the housing market is not out of the woods yet.

PLEASE NOTE: REIN is the source and author of all statistics included herein.