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Showing posts with label Gary McNinch Renton Real Estate. Show all posts
Showing posts with label Gary McNinch Renton Real Estate. Show all posts
Sunday, February 5, 2012
12:45 PM
Unknown
Sunday, August 7, 2011
8:58 PM
Unknown
Here is the main location where we do the bulk of my real estate business. Helping people buy and sell homes in Renton, South Seattle, Washington. 98055, 98056, 98057, 98058, 98059, 98168, 98031, 98032 and lots of others. We handle homes and condos and townhomes and vacant land and commercial properties and of course the Renton real estate market is distressed properties, foreclosures and preforeclosures, short sales, bank owned and REO sales and now we even help you find auction homes. When you want to find out what is happening in the Renton or Kent Real Estate Market. Trends, Crime, Schools, Employment and what your neighbors house just sold for hit the Market Insider Link and research for yourself. Thanks for clicking enjoy the free info.
Monday, May 9, 2011
11:41 PM
Unknown
This article was written by Gary Keller, Founder and Chairman of Keller Williams Realty. Renton and Seattle homes are affordable to buy, now.
Home affordability in the United States is nothing short of amazing. Even though current price trends for the United States and Canada are considerably different, the same principle applies in both cases: clients need perspective and they need to look beneath surface statistics before making informed decisions
The first chart below dramatically illustrates the impact of lower interest rates on housing costs, and the relative affordability of housing in the United States. The cost of a loaf of bread and a gallon of gas has more than tripled since 1989, and car prices have nearly doubled. While the median price of a new home has increased by 70 percent, mortgage interest rates, which stood at 10 percent back in 1989, are less than half of what they were back then. The impact of rock-bottom interest rates is that the monthly mortgage payment on a median priced home in the United States has increased by a mere $4 since 1989.
Unless a buyer is paying cash, the monthly payment tends to be a far more relevant number than the home’s actual purchase price. So for buyers who are waiting for home prices to hit the floor, before buying it’s important to point out that the possibility of a slight drop in the price of a home will have very little impact on the monthly payment, while even a slight rise in interest rates (a far more likely scenario) will have a significant impact.
Timing the market to a T is never possible and in the current market, staying on the sidelines is more likely to result in a missed opportunity than a small savings.
Even so, buyer reluctance in the current market can outweigh compelling facts. U.S. buyers are skittish about the housing market, and the fact is market skittishness is actually a good reason to buy now. General uncertainty about the housing market and a reluctance to take action only contributes to the number of deals and negotiating power available to astute buyers. U.S. buyers who are waiting for the real estate market to “recover” are in fact waiting for a reduction in inventory, fewer foreclosed properties on banks’ books, rising home prices and sellers who don’t need to be as motivated.
That scenario will be welcome news for sellers, banks and the U.S. economy as a whole, but not for buyers. Now is the time for U.S. buyers to act and for you to offer the perspective that helps them to understand why.
Others could take one look at current prices and be convinced that they have been priced out of the market. This is where your perspective proves critical. Remind your buyers that all real estate is local. The recent run-up in average real estate prices reflects above-normal sales activity in the priciest markets, so make sure that your clients are looking at local price trends within their specific price range.
At the same time, remind your clients that the monthly mortgage payment, not the actual purchase price, tends to be the relevant number. Whereas the average home price in Canada has increased by 160 percent since 1990, mortgage interest rates have decreased by 60 percent. As a result, over the past decade, the average mortgage payment has increased by less than 25 percent – a statistic that is likely to shift the perspectives of many Canadians on the feasibility buying a home in the current market.
ONWARD …
Call the Gary McNinch Team and we will help you buy a Renton home at a payment that is only about 4 bucks more than 1989! OK get off the fence.
Home affordability in the United States is nothing short of amazing. Even though current price trends for the United States and Canada are considerably different, the same principle applies in both cases: clients need perspective and they need to look beneath surface statistics before making informed decisions
The first chart below dramatically illustrates the impact of lower interest rates on housing costs, and the relative affordability of housing in the United States. The cost of a loaf of bread and a gallon of gas has more than tripled since 1989, and car prices have nearly doubled. While the median price of a new home has increased by 70 percent, mortgage interest rates, which stood at 10 percent back in 1989, are less than half of what they were back then. The impact of rock-bottom interest rates is that the monthly mortgage payment on a median priced home in the United States has increased by a mere $4 since 1989.
Timing the market to a T is never possible and in the current market, staying on the sidelines is more likely to result in a missed opportunity than a small savings.
Even so, buyer reluctance in the current market can outweigh compelling facts. U.S. buyers are skittish about the housing market, and the fact is market skittishness is actually a good reason to buy now. General uncertainty about the housing market and a reluctance to take action only contributes to the number of deals and negotiating power available to astute buyers. U.S. buyers who are waiting for the real estate market to “recover” are in fact waiting for a reduction in inventory, fewer foreclosed properties on banks’ books, rising home prices and sellers who don’t need to be as motivated.
That scenario will be welcome news for sellers, banks and the U.S. economy as a whole, but not for buyers. Now is the time for U.S. buyers to act and for you to offer the perspective that helps them to understand why.
Others could take one look at current prices and be convinced that they have been priced out of the market. This is where your perspective proves critical. Remind your buyers that all real estate is local. The recent run-up in average real estate prices reflects above-normal sales activity in the priciest markets, so make sure that your clients are looking at local price trends within their specific price range.
At the same time, remind your clients that the monthly mortgage payment, not the actual purchase price, tends to be the relevant number. Whereas the average home price in Canada has increased by 160 percent since 1990, mortgage interest rates have decreased by 60 percent. As a result, over the past decade, the average mortgage payment has increased by less than 25 percent – a statistic that is likely to shift the perspectives of many Canadians on the feasibility buying a home in the current market.
ONWARD …
Call the Gary McNinch Team and we will help you buy a Renton home at a payment that is only about 4 bucks more than 1989! OK get off the fence.
Tuesday, February 8, 2011
8:22 PM
Unknown
You are not going to believe this!!! I didn't. Last week I went on a listing presentation, nice Renton home for sale, getting ready to help the couple who is getting a divorce. The husband seemed very knowledgeable about the market and the comps. I of course asked several times for the business, some trial closes, several objections and then... they said they were going to interview one other person. I take almost every listing (and sell them) at every appointment, so this was different.
Followup email to both thanking them for the opportunity, followup thank you cards. HMMM .... couple phone calls asking again for the business, no answer, left a messages. No call saying thank you Gary we listed it with somebody else. Not in the mls listed by anyone else yet. Nothing. So, being aggressive and wondering what was up, I swing by the house today to knock on the door. Lo and behold.... there was a nice sign in the yard, for sale, very small local company.
Head over to a different new listing that we have, check to make sure the staging was great, talk with a couple clients, set a couple of appointments. Pretty good rest of the day.
HERE IS THE CRUNCHER !!!!!! Tonight I check on the mls, there is the listing. Priced much higher than I talked about. Look in the Agent Only Remarks and it states, "one seller is a real estate agent" ??? Hmmm. I know where Mrs. Seller works and was told where Mr. Seller works. Check MLS Roster. Guess what, no, wait for it, no really hold on, do you see this coming, ya sure, yep ..... Mr. Seller is a licensed agent (not a Realtor), and imagine this, he works for the company that has the home listed.
Now I have a bunch of questions:
Is he a part time agent and didn't know?
Should he have told me he was a licensed agent?
Does he have a legal or ethical responsibility to do that?
Is it the right thing to do?
Did he just want to know my very successful and extensive marketing secrets?
Do I even care to call him and ask?
Would his Broker think this was appropriate?
What does Mrs. Seller think?
Would any of you have done the same thing?
As they say in FB land..... LOL LMAO ROFL .... Life is too short to worry about someone so sad.
Business in Renton is solid, prices in some neighborhoods are leveling out, lots of buyers are in the market. So for those of you who are interested in buying a great Renton home or having the Gary McNinch Team sell your home or condo. Give us a call. We will tell you that we are Realtors and we will tell you the truth and we won't forget or leave out anything important.
Followup email to both thanking them for the opportunity, followup thank you cards. HMMM .... couple phone calls asking again for the business, no answer, left a messages. No call saying thank you Gary we listed it with somebody else. Not in the mls listed by anyone else yet. Nothing. So, being aggressive and wondering what was up, I swing by the house today to knock on the door. Lo and behold.... there was a nice sign in the yard, for sale, very small local company.
Head over to a different new listing that we have, check to make sure the staging was great, talk with a couple clients, set a couple of appointments. Pretty good rest of the day.
HERE IS THE CRUNCHER !!!!!! Tonight I check on the mls, there is the listing. Priced much higher than I talked about. Look in the Agent Only Remarks and it states, "one seller is a real estate agent" ??? Hmmm. I know where Mrs. Seller works and was told where Mr. Seller works. Check MLS Roster. Guess what, no, wait for it, no really hold on, do you see this coming, ya sure, yep ..... Mr. Seller is a licensed agent (not a Realtor), and imagine this, he works for the company that has the home listed.
Now I have a bunch of questions:
Is he a part time agent and didn't know?
Should he have told me he was a licensed agent?
Does he have a legal or ethical responsibility to do that?
Is it the right thing to do?
Did he just want to know my very successful and extensive marketing secrets?
Do I even care to call him and ask?
Would his Broker think this was appropriate?
What does Mrs. Seller think?
Would any of you have done the same thing?
As they say in FB land..... LOL LMAO ROFL .... Life is too short to worry about someone so sad.
Business in Renton is solid, prices in some neighborhoods are leveling out, lots of buyers are in the market. So for those of you who are interested in buying a great Renton home or having the Gary McNinch Team sell your home or condo. Give us a call. We will tell you that we are Realtors and we will tell you the truth and we won't forget or leave out anything important.
Friday, January 21, 2011
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