Thursday, May 5, 2011
Thursday, April 14, 2011
Can You Really Buy a HUD Home for $100?
Absolutely not! But if you're a qualified buyer, you can use an FHA loan to buy one of HUD's specifically designated homes for sale -- with only a $100 down payment!
For a limited time, $100 down payments are available to owner-occupied home buyers when purchasing a HUD home for full price and using an FHA-insured new home loan.
This is a national program, and there are qualifying homes in every state. We showcase only a few homes here on our site; if your town is not listed, tell us about yourself on our pre-qualification page and we'll get back to you with a custom list of homes in your area.
$100 Down Payment Rules & Regulations
First, visit a Realtor that is licensed to sell HUD homes in your area. Below are the rules for buyers as specified by HUD:
The home you purchase must be your primary residence and you must live there at least one year.
You must offer HUD's full asking price.
You will have to obtain an FHA-insured loan that has a fixed rate for either 15 or 30 years.
Your debt to income ratio must be 31%/43% or less.
The maximum amount of the loan can't exceed $362,790.
You must have a credit score of 620 or higher and if you have had a recent bankruptcy, it must have been discharged at least 24 months prior to your HUD home purchase.
You must have two years of employment history.
FHA mortgage insurance must be rolled into your loan.
This offer is good on owner-occupied purchases only meaning you must use the home as your primary residence and can be used on single-family homes, condos, and town homes. This offer is not available for investors who wish to buy and rent out a HUD home.
For more information contact Jones & Company, Erik Elsea at 239-405-4063
Tuesday, July 6, 2010
Deciphering a Good Faith Estimate
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5 Tips for Deciphering Your Home Loan’s Good-faith Estimate
Knowing how to read your good-faith estimate can help you save money on your home loan. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Wednesday, June 30, 2010
Fielding a Lowball Offer on Your Home
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Fielding a Lowball Purchase Offer on Your Home
Consider before you ignore or outright refuse a very low purchase offer for your home. A counteroffer and negotiation could turn that low purchase offer into a sale. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Tuesday, June 29, 2010
Listing...Listening Presentations
As an agent in the Fort Myers Real Estate Market I meet with tons of sellers. Sometimes I am competing for their listing with other agents. I often wonder why they choose me to sell their home. I know the obvious. I have experience, a great listing presentation, quality charts and graphs. I know the Lee County Real Estate market. But aren’t the other Real Estate Agents showing them similar presentations? Don’t they have access to the same MLS information? I wanted to think it was just because I was better looking that the sellers chose to go with me to sell their home…but I know that is not the case.
I asked one of my sellers recently after we had built quite a bit of raport why he went with me over the other agents he had spoken with. He told me it was because during the presentation I did more listening than I did presenting. I asked questions. I found out what their motivation for selling was. The seller was impressed that I included them in the process and tried to get to know them. He said that other agents just came in with a fancy presentation and told them how they are Super Agent, blah, blah, blah. I was the only one who really sat down with them to develop a plan to accomplish their goals.
Someone once told me that you can’t learn with your mouth open. Make sure you are doing at least as much listening as you are talking the next time you are on a listing appointment.
TO FIND OUT WHAT YOUR NEIGHBORS SOLD THEIR HOUSE FOR GO TO: www.resuperstars.com
Monday, June 28, 2010
Get Ready for Fourth of July- Gas Grill Info
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Outdoor Appliance Guide: Gas Grills
With models priced from $29 to $5,000 and up, outdoor gas grills offer convenience and ease-of-use to fit any budget. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Cape Coral's Red, White and Boom Entertainment Schedule Announced
Trailer Choir will take the stage at 8:00 p.m. as the feature act before the Heroes and Leaders American Tribute kicks off the spectacular fireworks show at 9:30 p.m.
Discovered in 2007 by superstar Toby Keith, Trailer Choir has been performing on his national tours for the past three years. He featured the group in his 2008 film Beer for My Horses, so Trailer Choir's "Off the Hillbilly Hook" video featured Toby and the movie's co-star Willie Nelson. Keith also co-produced their debut CD. In 2009, Trailer Choir exploded on the airwaves with the merry, rollicking "Rockin' the Beer Gut," a song that has sold more than a quarter of a million copies. "Last Man Standing" was used by ESPN and ABC in a national NASCAR promotion. In 2010, the filming of its jaunty "Rollin' Through the Sunshine" video became a feature story in Country Weekly.
"Red White & Boom proudly welcomes ROGER DEAN CHEVROLET OF CAPE CORAL as the Stage Sponsor," said Bob Knickman, Special Events Director for the Chamber. "We are happy to have the support of Cape Coral's only new car dealership. Also, special thanks to our radio sponsor Cat Country 107.1 for lining up our headlining act Trailer Choir."
Rounding out the entertainment schedule are local bands Retro Light (5:00 p.m.) and The Mixx (6:00 p.m.)
RE/MAX Realty Team's Red, White and Boom kicks off at 4:00 p.m. on Sunday July 4th.
The mission of the Chamber of Commerce of Cape Coral is to promote and serve business and community. The main Welcome Center is located at 2051 Cape Coral Parkway E. For more information please call the Chamber at (239) 549-6900 or visit www.capecoralchamber.com
If you would like to search Cape Coral Florida properties like a Realtor® go to: www.resuperstars.com
www.jonesandcorealty.com
Tuesday, June 22, 2010
Six Reasons to Reduce Your Home Price
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6 Reasons to Reduce Your Home Price
While you’d like to get the best price for your home, consider our six reasons to reduce your home price. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Thursday, June 17, 2010
Improve Your Credit
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7 Tips for Improving Your Credit
Here’s how to clean up your credit so you get the least-expensive home loan possible. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Wednesday, June 16, 2010
Understanding Real Estate Representation
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Understanding Real Estate Representation
Whether you’re buying or selling, it’s important to choose representation that meets your needs in the transaction. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Save Youself the Aggrevation
I won’t show a house to anyone who doesn’t have proof of funds or a pre-approval letter. This is a rule of mine. It is mandatory. If a potential buyer is willing to give you their bank statement or go through the trouble of getting pre-approved then they are probably serious.
I also make them sign an Exclusive Buyers Agreement. I don’t want to waste my time showing people houses all day long for them to call on a sign the next day and buy a house directly from the listing agent. I want them to be committed to doing business with me.
Why do so many agents have such a hard time asking for these things? Are you afraid you are going to lose a deal? Who cares? If potential buyers aren’t willing to make a commitment to you for all your time, research, expertise, then you don’t need them anyway. As soon as you stop worrying about losing a deal I promise your business will increase. Instead of spending all day Saturday taking Lookie Lou’s on a tour you could be prospecting for some real buyers.
I encourage you to put your own personal policies in place to make sure you have a real buyer. Make these stipulations required. No exceptions. It will save you a ton of aggrevation.
www.jonesandcorealty.com
Tuesday, June 15, 2010
Keep Your Home Purchase on Track
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Keep Your Home Purchase on Track
You’ve found your dream home. Make sure missteps don’t prevent a successful closing. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
What Sells Homes?
Price sells homes. If you are in a gated community like many communities here in SW Florida then most of the homes are the same. There are very few differences between them. Sure you may have upgraded carpet or the nicer appliance package but for the most part they are the same.
The condition of the property is very important however I have found in most of our upscale gated communities here in the Ft. Myers area that most people take extremely good care of their properties. Staging your home properly can definitely add to the appeal when people walk through it. Staging a home properly will increase your chances of selling but ultimately it comes down to price.
If there are three very similar properties on the market in the same community the one with the smallest listing price will almost certainly sell first. If you are motivated to sell then you need to work with a Realtor and receive accurate information about the community and stay abreast of current pricing of competing properties within it.
Click here to see what your neighbors' homes sold for here in SW Florida!
Monday, June 14, 2010
Negotiate Your Best House Buy
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Negotiate Your Best House Buy
Keep your emotions in check and your eyes on the goal, and you’ll pay less when purchasing a home. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Websites Suck!!
There are thousands if not millions of real estate related websites that are all very similar. They have tons and tons of text. What they don't have is a compelling reason for a prospective customer to contact us or to enter their contact information. What good is it having tons of people looking at your site if you don't know who they are or how to contact them?
For those of you who don't know, a squeeze page is a website whose only goal is to get you to fill out a contact form in order to create a lead. You have all seen them, and most of you have probably filled one or two out in an effort to get the information you came to that site looking for. The squeeze page offers you something in return for entering your contact information thus creating a lead. Isn't that what we should be doing with our online marketing? Creating leads!
To do this you must have a compelling call to action! A couple examples would be:
Sign up here to receive a FREE Foreclosure List!
Search our MLS like a REALTOR!
These would entice a prospective customer to enter their information thus giving you a workable real estate lead. What other call to actions have you seen that really entice people to give you their information on your website?
Please share any really good results you have had with calls to action!
Friday, June 11, 2010
7 Steps to Take Before Buying a Home
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7 Steps to Take Before You Buy a Home
By doing your homework before you buy, you’ll feel more content about your new home. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Consistency is Key
While both of those methods are fine you need to do them with consistency. One expired post card typically won't win you a new listing. You should follow up with multiple letters or cards and of course a phone call.
Posting listings on Craigslist is a wonderful way to generate buyers leads. But you have to do it over and over again to keep them fresh. I know a young lady who got in this business with very little start up capital. She posted 10 Craigslist adds before breakfast and 10 before lunch four days a week. That was the only advertising she could afford. In her first year she made nearly six figures. Her key to success was she picked doing one thing and doing it consistently.
My suggestion is that you sit down a create a plan of action. Block out time in your schedule to implement your plan and stay the course. Make sure you set goals that are realistic and achievable. Then track your efforts and measure your results. Make small adjustments to your plan as needed. But don't just throw up your hands and go in a completely different direction because you didn't get instant gratification
Search the SW Florida MLS just like I do! Get a free Listingbook account:
www.resuperstars.com
www.erikelsea.com
www.jonesandcorealty.com
Wednesday, June 9, 2010
How Much Mortgage Can You Afford?
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4 Tips to Determine How Much Mortgage You Can Afford
By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Monday, June 7, 2010
Home Buying Tips
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7 Steps to Take Before You Buy a Home
By doing your homework before you buy, you’ll feel more content about your new home. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
The Numbers Don't Lie
Even though most of the foreclosures in this market are distressed properties and it shows in their condition they are usually priced to reflect that. Explaining this to my customers can be difficult but with the online tools I use I can show them real up to date accurate information. This makes my job of getting the listing and subsequently a sale much easier.
A CMA used to be a really good tool for doing this but having a cyber CMA to give my sellers updates and reports for the ever changing market not only keeps them informed constantly but makes my job easier when it comes to price adjustments.
An educated seller is the best kind of seller to have!
Friday, June 4, 2010
6 Tips for Buying a Home in Short Sale
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6 Tips for Buying a Home in a Short Sale
By preparing for a real estate short sale, you can emerge with a great home at a favorable price. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Congratulations JJ Jones
JJ Jones, past President of the Greater Ft. Myers & the Beach Association of Realtors, Real Estate Coach and Trainer brings you the best of both worlds. 100% Commission plan coupled with:
-A Fun, Professional Environment
-Full Broker Training and Support
-State of the Art Technology
-Lead Creation Program
This is what the Real Estate Market has been waiting for!
A company who helps you realize your dreams and realizes your business is “all about YOU!”
$99.00/mo $129.00 per transaction 100% commission.
Or
$0/mo $129.00 per transaction 80/20 commission split.
Its that simple!
We are committed to coaching you to meet and exceed your career goals.
Contact us today for a confidential meeting to discuss YOUR career!
www.erikelsea.com
www.resuperstars.com
www.jonesandcorealty.com
Thursday, June 3, 2010
Change is Good
But I felt like I needed a change in my career. Things have been good here in Ft. Myers this past year due to low prices and government incentives. Foreclosures in Lee County are at their lowest levels in three years and the median price has crept back up to over $100,000. I believe this market is ready to make a long sustained run of growth. So now was the time to make a change.
My difficult decision was made easier because I was going to work with someone who I have so much respect for. JJ Jones is past President of the Ft. Myers Association of Realtors, a corporate trainer for Listingbook, long time Broker and Manager, and real estate coach.
What really excited me was the business plan Jones & Co. Realty. They are a true 100% Company. I have seen ads and received emails from other 100% Companies in the area but they offered very few services and usually charged large transaction fees or desk fees. Jones & Co. Realty only charges $99.00/mo. And $129.00 per transaction. Its really that simple.
When I think about how much money I have given my past company for what ammounted to very little in the way of training, coaching, support, leads, etc. I can’t believe it. I have created my own business and leads my entire career. I created the business I have and now I get to keep the rewards. I will miss my friends at my old company but now with my extra commission I can afford to take them out for drinks from time to time.
www.jonesandcorealty.com
www.resuperstars.com
www.erikelsea.com
7 Tips for Short Sale Success
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7 Tips for Short Sale Success
Have to sell your home for less than it’s worth? Our seven tips will help you get the best price. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Thursday, August 6, 2009
How to Win Five in a Row
To win five sporting events in a row is an amazing feat. There has not been a Triple Crown winner in horse racing in 30 years. To win a Superbowl in football takes winning at least three in a row and is celebrated as one of the great accomplishments in all sports each year. To win a World Series requires winning four games, although they do not have to be in a row: just the best of seven. So when Ron Hornaday won his fifth consecutive NASCAR Camping World Truck Race on Saturday, I watched in awe.
There is so much that has to happen to win just one race. So many things can go wrong, and so many things have to go right. There are 36 other trucks on the track, all hoping to make it to Victory Lane. Equipment can break or malfunction. The pit crew can make mistakes. A driver can be caught up in an accident beyond his control. Thousands of other things can happen to take a car out of the race or put it behind the leader.
So what does a driver have to do to win five in a row? First he has to have awesome equipment. He must have engines with outstanding horsepower. The handling on the truck has to be spot on. Pit stops need to be fast. All of these things have to happen, and the driver has to believe he is a winner. In fact, on a racing team everyone has to believe. The guys in the shop who prepare the truck for the race, the people in the engine department, squeezing the last bit of power out of the engine while making sure it holds together for the entire race, the driver himself—all need to believe.
To be able to do this five consecutive times is historic. In fact, it has never been done in this series and has not been done in any of NASCAR’s major touring series since 1971, when NASCAR was very different from what it is today. The moral of this account is that if you believe you are a winner, you will be! The 33 team believed it was and proved it to the rest of us.
As a side note I could not be happier for Ron Hornaday and his team. About 4 years ago I was with some friends in Mooresville, NC at this little, hole-in-the-wall, local bar to listen to a band and relax on a Saturday night when a guy tapped me on the shoulder, asking for help to move a table. I said, “No problem” and “Man, you look like Ron Hornaday.” He replied, “I am,” and we ended up talking for awhile. I can tell you that he is as down to earth and as much a gentleman as anyone I have ever met. He has all the humble qualities someone needs to make history like he has. In my book he deserves the accolades. I congratulate the 33 team! They proved to me that if a person believes, he can achieve.
Erik Elsea
www.erikelsea.com
Quote of the Day!-“Faith is to believe what you do not see, the reward of this faith is to see what you believe.”-unknown
Wednesday, August 5, 2009
Do You Play Victim?
In racing one sees a lot of post-race interviews in which one driver blames another for getting him loose or spinning him out, causing a wreck. I am amazed that drivers have such a hard time taking responsibility for what happens on the track. In racing, as in life, few things happen over which we have no control. A series of events usually occurs before a wreck, and often the wreck could have been avoided. It troubles me when drivers get in front of the camera after a race and play victim.
This is an important issue for me personally. I have spent a good deal of my life in victim mode. However, when I honestly look in the mirror and take full responsibility for my life, I am able to move forward. As a life coach I find many people who do not realize that they have created everything in their life. Placing the blame on others and not owning up to the fact that they are responsible for the life they lead are the primary obstacles that hold back most people. The Law of Attraction states this: everything we have in our lives we have created—good and bad.
If you want to change your life, then start owning it. Take a good, long look in the mirror and realize that you are where you are today because you choose to be—the result of your past thoughts and actions. Today, however, you are choosing to take control of your life and be completely responsible for future outcomes.
When you have negative feelings or are dealing with a difficult situation, assess whether you are in victim mode. Analyze your thoughts and, if you are thinking of yourself as a victim, reevaluate and change your role. Take ownership of your life, and you will finally be in control of your own destiny.
Erik Elsea
www.erikelsea.com
Quote of the Day!-“Some men see things as they are and say ‘Why?’ I dream things that never were and say ‘Why Not?’” – George Bernard Shaw
Tuesday, August 4, 2009
What Is Wrong with Failure?
I have crashed and burned several times in my life—in a race car, in business and in relationships. I have made some pretty major mistakes, and they have cost me a lot. I used to really beat myself up over them. Now I realize the real cost was the time and energy I wasted on feeling sorry for myself or on not moving forward because I was so caught up in the past, where all my energies were focused.
Not until I was able to let go of the past and concentrate on today did I truly learn how to live. I learned to embrace the mistakes and failures as life lessons. I believe I may have created these challenges in my life to help me grow and to prepare myself to handle anything that comes my way. My failures have given me the strength to be successful.
From Portrait of an Achiever:
-1832 Failed in business: bankruptcy
-1832 Defeated for legislature
-1834 Failed in business: bankruptcy
-1835 Fiancé died
-1836 Nervous breakdown
-1838 Defeated in election
-1843 Defeated for U.S. Congress
-1848 Defeated for U.S. Congress
-1855 Defeated for U.S. Senate
-1856 Defeated for Vice President
-1858 Defeated for U.S. Senate
-1860 Abraham Lincoln Elected President of the United States of America
Abraham Lincoln shows us that failure can overcome us only if we let it. Those who are truly successful take life’s hardships and setbacks and use them as preparation for the next challenge. The lesson in all this: Use life’s challenges to build character and strength to move forward with your life.
Erik Elsea
www.erikelsea.com
Quote of the Day! - “Strength is built by one’s failures, not by one’s successes.”- Coco Channel
Monday, August 3, 2009
August Book Review: The Secret by Rhonda Byrne
“As you learn The Secret you will come to know how you can have, be, or do anything you want. You will know who you really are. You will come to know the true magnificence that awaits you in life.”
— from the Introduction
If you don’t know the Secret, then you need to read this book or see the documentary that was made by some of the leading business leaders, philosophers, authors, speakers and quantum physicists of our time about the Law of Attraction.
The Law of Attraction states that what you think about, you bring about. You control your destiny with the power of your mind. You become what you think about most, but you also attract what you think about most. Like attracts like. If you have positive thoughts, you will have positive results. The Law of Attraction gives you what you want—period! If there was ever a book that I could recommend that would start you on the path to changing your life, this book is it. Further, I suggest you get the DVD and the book and use them together.
You can find these at www.erikelsea.com/books/
Erik Elsea
www.erikelsea.com