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Active Rain

Earth To Illinois: Why is Blagojevich Still Governor?

Those of us who live in the NY Metropolitan area (otherwise called the Tri-State area) know all about scandals involving our state governors. Since 2002, all three governors of NY, NJ and CT have resigned amidst scandal. And their offenses paled in comparison to Illinois Rod Blagojevich arrest for trying to sell a US Senate […]
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A Call to Consolidate New York MLS Systems NOW

My company is 30 minutes or less from the Bronx, Dutchess County, and Rockland County. I belong to the Westchester-Putnam MLS. I sell in other counties, though, and guess what? I belong to half a dozen other MLS systems to make that happen. Not only is this expensive, it is crazy. We all get the […]
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What Made You Get Into Real Estate?

There are those who will perjoratively state that ours is a retread occupation, where failures from other walks of life seek a way to earn a living after flopping elsewhere. I beg to differ, but it is true that for virtually all agents, real estate is not our first career. I know of no college […]
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Why Dual Agency Should be Rare

In light of this post by the Somers team on Dual Agency I feel compelled to share my thoughts on the practice. I can only speak about it from my own knowledge of the practice in New York, so agents in other states might get limited value from my thoughts. When I list a house, I am hired […]

Active Rain Earth To Illinois: Why is Blagojevich Still Governor? Those of us who live in the NY Metropolitan area (otherwise called the Tri-State area) know all about scandals involving our state governors. Since 2002, all three governors of NY, NJ and CT have resigned amidst scandal. And their offenses paled in comparison to Illinois Rod Blagojevich arrest for trying to sell a US Senate […]

Active Rain A Call to Consolidate New York MLS Systems NOW My company is 30 minutes or less from the Bronx, Dutchess County, and Rockland County. I belong to the Westchester-Putnam MLS. I sell in other counties, though, and guess what? I belong to half a dozen other MLS systems to make that happen. Not only is this expensive, it is crazy. We all get the […]

Active Rain What Made You Get Into Real Estate? There are those who will perjoratively state that ours is a retread occupation, where failures from other walks of life seek a way to earn a living after flopping elsewhere. I beg to differ, but it is true that for virtually all agents, real estate is not our first career. I know of no college […]

Active Rain Why Dual Agency Should be Rare In light of this post by the Somers team on Dual Agency I feel compelled to share my thoughts on the practice. I can only speak about it from my own knowledge of the practice in New York, so agents in other states might get limited value from my thoughts. When I list a house, I am hired […]

Active Rain Information Overload Kills Sales With rare exception, buying decisions are made for emotional reasons. Overwhelming a prospective buyer with lots of data in a showing will typically talk them out of, rather than into, making an offer. Understandably, many sellers have put years of effort and money into keeping their home in good condition. They have upgraded, added on, […]

Active Rain Bad Faith? Or Just Business? Buyers are waging a war of attrition with sellers in this market to be sure. I recall that when the sellers had the upper hand that buyers had to pretty much deal with their demands or lose the deal. The opposite is now true. At what point, though, does using their leverage cross over into […]

Active Rain We Earn Every Single Penny In light of this post by Cathy Tishhouse, I will offer my planned activities today as a small example of why we earn every penny. Yesterday I wrote about a listing I have that is under contract and there was a question as to whether or not it would be wiser to delay the closing […]

Active Rain Pre-possession or Escrow? After a rather arduous marketing effort, I have a listing under contract with a cash buyer who can close at any time. The cash isn’t his; a generous friend is holding a private mortgage. Even though my seller client bought the house only 2 years ago, we found out that the deck and downstairs bathroom do […]

Active Rain My Proposal for an Economic Stimulus I have an idea for Uncle Sam to pursue in stimulating the economy. I feel that this idea has not been tried by any administration in the 232-year history of our republic. This policy should be embraced in a bi-partisan manner and should appeal to both free market conservatives and more socially inclined liberals. It’s really […]

Active Rain Why do You Work so Hard? When our company was based out of our home, someone told me that they could never work from home because they didn’t have the discipline. “You don’t need discipline to work from home,” I replied, “you need bills.” With 4 little ones, bills we have. Of the four, for the next 30 days two of them […]

Active Rain Real Estate is a Business This is a rather strong opinion and I welcome an opposing point of view, but I can’t see losing the argument. First, a question: Would you choose a surgeon because he has a yellow Labrador? No? Why not? Would you invest your money with a stock broker because he wears a cowboy hat? No? Why […]

Active Rain It will be a Merry Christmas Two closings scheduled this week. How tough is the market? The one Thursday is a co op purchase that we have been working on since the Summer. It should have closed last month but problems arose between the lender and the co op board that have finally been resolved. Friday’s closing is a short sale […]

Active Rain Living Beyond Our Means Perhaps I am a little jaded by the large number of short sales I am doing, but is anyone living within their means? I run into too many people who put granite counter tops ahead of saving for retirement, or new bathrooms ahead of college funds. When the creek ran high they had no reserves. […]

Active Rain Two Magic Words There are two magic words every consumer should know when considering a real estate agent and I almost never hear them. The two words form a question rarely if ever asked; in 2008 only one client of mine (I have 40+ listings) made the inquiry. I was only to happy to answer, because it gave me the segue […]

Active Rain Fannie Mae to Tenants: Don’t Move Item: Fannie Mae will allow the tenants of foreclosed homes to remain instead of evicting them, effectively making the organization a landlord. I was afraid of what would happen when the government essentially nationalized the mortgage industry. This is the law of unintended consequences at it’s worst. Doesn’t Fannie Mae have enough headaches? Is the […]

Active Rain Short Sales: Loss Mitigation or Loss Enhancement? I cannot speak to the Wall Street side of the matter, but it was bad loans that started the dominoes rolling in the current down cycle we are all working through. I therefore have little confidence in the lenders’ judgment, especially where it concerns working out a short sale. I have done dozens of short […]

Active Rain “Exclusive Right to Sell” is just that Our MLS listing agreements have a clause in them stipulating that no matter who finds the buyer that the listing broker is protected for their commission. There is an additional part stating that all offers must go directly through the broker. For the first time in 13 years I have found someone who cannot grasp this. […]

Active Rain Top 10 Ways to Endear Yourself to Other Agents 10. Abbreviate. This is especially useful when you have the room to write more in your remarks but you still feel the need to call a living room an LR and a master suite a mstr ste. It really makes for easy reading when each sntce has mltple abbrvtns. Way to sell! 9. Misspell.Nothing builds […]

Active Rain Lawyer Vs. Relo As those of you who have done a relo deal know, relocation companies can be a pain in the rear with due diligence that resembles a colonoscopy. In addition MiniPC to paperwork that releases them from even a whisper cheap NFL jerseys of liability or risk, they always want to see the mortgage commitment and contract […]