Realtors® Push for 4.5 Percent Interest Rate Buy-Down

federal mortgage interest buy-down program would help spark the housing market, the National Association of Realtors® said in a letter sent today to James B. Lockhart, chairman of the Oversight Board of the Federal Housing Finance Agency. NAR seeks a 4.5 percent mortgage interest rate buy-down program financed through the U.S. Treasury Department’s Troubled Asset Relief Program.

In the letter to FHFA, NAR shared three potential implementation procedures for a federal buy-down plan:

TARP would fund the payment of points at the individual level.
The Federal Home Loan Banks would raise funds by selling below-market-rate bonds to the Treasury Department for them to make the 4.5 percent interest rates available to lenders.
Fannie Mae and Freddie Mac would purchase mortgages at the 4.5 percent interest rate but pay lenders the market rate.
“The buy-down program would complement other initiatives and help stabilize, stimulate and revitalize the housing market,” said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “We must address the foreclosure crisis and increase housing demand. Lower interest rates and foreclosure mitigation are two sides of the same coin. Together they represent the key ingredients to stabilizing the housing market and preserving communities and homeownership.”

NAR has calculated that a 1 percentage-point decrease in mortgage rates would result in an additional 500,000 home sales.

In addition to suggesting that TARP assets be used to buy-down mortgage interest rates, NAR has recommended other principles that would help create long-term stability by ensuring that safe and affordable mortgages are available throughout the nation:

The higher loan limits passed in the economic stimulus bill earlier this year should be made permanent.
The federal government should ensure sufficient capital to support mortgage lending in every type of market.
The temporary $7,500 tax credit for first-time home buyers should be extended to all home buyers and the repayment requirement eliminated.
Source: National Association of REALTORS Press Release

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Home sales Decline Nationally in Economic Uncertainty

Existing-home sales weakened against a backdrop of an eroding economy, according to the National Association of Realtors®.

Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 8.6 percent to a seasonally adjusted annual rate¹ of 4.49 million units in November from a downwardly revised level of 4.91 million in October, and are 10.6 percent below the 5.02 million-unit pace in November 2007.

Lawrence Yun, NAR chief economist, expected a decline. “The quickly deteriorating conditions in the job market, stock market, and consumer confidence in October and November have knocked down home sales to another level. We hope the home sales impact from the stock market crash turns out to be short-lived, as was the case in 1987 and 2001,” he said.

“It is, therefore, imperative to provide incentives for homebuyers to get back into the market. It also depends on how effectively Congress and the new administration can help facilitate the short sales process and unclog the mortgage pipeline – impediments remain for some buyers with good credit,” Yun said.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 6.09 percent in November from 6.20 percent in October; the rate was 6.21 percent in November 2007. Last week, Freddie Mac reported the 30-year rate fell to 5.19 percent – the lowest on record since the series began in 1971.

NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said it’s crucial to enact sufficient housing stimulus to spark an economic recovery. “We need more than low interest rates to encourage enough buyers to enter the market and meaningfully draw down inventory, which would stabilize home prices – that, in turn, would help the economy to recover,” he said.

“We should extend the first-time buyer tax credit to all homebuyers and eliminate the repayment feature, and make permanent the higher loan limits that are vital in high-cost markets – the faster we do this, the faster housing and the economy can recover,” McMillan said.

McMillan said NAR is grateful that the Treasury, the Federal Housing Finance Agency and the Federal Reserve have been working to bring interest rates down on most mortgages to historic lows.

Total housing inventory at the end of November rose 0.1 percent to 4.20 million existing homes available for sale, which represents an 11.2-month supply² at the current sales pace, up from a 10.3-month supply in October.

Despite an overall softening in sales, there has been a solid trend of rising activity in California, Nevada, Arizona and Florida markets. “Sales are rising only in areas with large numbers of distressed properties as bargain hunters take advantage of discounted home prices,” Yun said.

The national median existing-home price³ for all housing types was $181,300 in November, down 13.2 percent from November 2007 when the median was $208,800. There remains a significant downward distortion in the current price from a large number of distress sales at discounted prices; the median is where half of the homes sold for more and half sold for less.

Yun cautioned that there will be negative consequences if housing stimulus is delayed. “Falling home prices would lead to faster contraction in consumer spending and further deterioration in bank balance sheets. More importantly, falling home values would lead to higher loan defaults, including those recently modified distressed mortgages.”

Single-family home sales fell 8.0 percent to a seasonally adjusted annual rate of 4.02 million in November from a level of 4.37 million in October, and are 8.8 percent below a 4.41 million-unit pace a year ago. The median existing single-family home price was $180,800 in November, down 12.8 percent from November 2007.

Existing condominium and co-op sales dropped 13.0 percent to a seasonally adjusted annual rate of 470,000 units in November from 540,000 in October, and are 23.1 percent below the 611,000-unit pace in November 2007. The median existing condo price4 was $185,400 in November, down 15.5 percent from a year ago.

Regionally, existing-home sales in the Northeast dropped 12.0 percent to an annual pace of 730,000 in November, and are 18.0 percent lower than a year ago. The median price in the Northeast was $257,700, down 0.1percent from November 2007.

Existing-home sales in the Midwest fell 7.4 percent in November to a pace of 1.00 million and are 16.0 percent below November 2007. The median price in the Midwest was $142,400, down 11.2 percent from a year ago.

In the South, existing-home sales dropped 10.9 percent to an annual pace of 1.64 million in November, and are 17.6 percent below a year ago. The median price in the South was $154,500, which is 10.6 percent lower than November 2007.

Existing-home sales in the West declined 4.3 percent to an annual rate of 1.12 million in November but are 17.9 percent higher than November 2007. The median price in the West was $242,500, down 25.5 percent from a year ago.

Source: National Association of REALTORS News Release

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Avalon Sales Activity December 2008

Avalon Sales Activity December 2008

There are now 212 single family homes on the market in Avalon ranging in price from 549,000 for a 2 bedroom,one bath home at 667 22nd street,up to $12,900,000 for a Bayberry Drive home “The Marble House.”

There are currently four single family homes Under Contract in Avalon so far in December.
215 53rd street listed at $910,000
568 22nd street listed at $1,675,000
6600 Ocean Drive
2888 Ocean Drive


Four home have Sold and Settled so far in December
635 7th street listed at $1,190,000 SOLD 12/13/2008 for $1,120,000 after 304 days on the market.
594 24th street listed at $1,395,000 Sold 12/11/2008 for $1,200,000 after 213 days on the market.
56 W. 13th street listed at $1,390,000 and SOLD 12/19/2008 for $1,300,000 after 128 days on the market.
308 76th street listed at $1,995,000 and SOLD 12/4/2008 for $1,925,000 after 254 days on the market

The SOLD price analysis for 2008 shows 84% list to Sold price and average of 312 days on the market.


Are you considering a move? If you need a summer rental ,if you have a property that you would like to list,or if you are thinking of buying or selling a home, in Stone Harbor or Avalon,please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

www.NancyMAlexander.com
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

www.NancyMAlexander.com

Stone Harbor Sales Statistics December 2008

Stone Harbor Sales Statistics December 2008

Right now there are 111 single family homes on the market ranging in price from $529,000 for a Weber Court home up to $5,995,000 for a beach front home at 100 115th street.
One home is Under Contract (356 89th street) listed at $990,000 and this has been on the market for 434 days.

Nothing has SOLD and settled in Stone Harbor to date in December.
In 2008 Stone Harbor listed to SOLD ratio was 84% with an average of 303 days on the market.


Are you considering a move? If you need a summer rental ,if you have a property that you would like to list,or if you are thinking of buying or selling a home, in Stone Harbor or Avalon,please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

www.NancyMAlexander.com
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

www.NancyMAlexander.com

Stone Harbor & Avalon November 2008 Sale Activity

Stone Harbor Sales November 2008

There are now 108 single family homes on the market ranging in price from $529,000 for a one bedroom Weber Court house ,up to $5,995,000 for a 5 bedroom,4 bath beach front home at 115th street.

Four single family homes SOLD in November
35 Weber Court listed at $495,000 and SOLD for $447,000 after 395 days on the market.

10911 Sunset Drive listed at $1,775,000 and SOLD 12/21/08 for $1,600,000 after 86 days on the market.
8519 Third Avenue a bay front home listed at $2,300,000 and Sold for $1,750,000 after 207 days on the market.
119 90th street listed at $2,895,000 and SOLD for $2,675,000 after 732 days on the market.
There is one home now Under Contract at 356 89th street.

Compare Sales in Stone Harbor January 1 to November 10 2007 VS 2008

In 2007 there were 57 single family homes Sold to date with average list price of $2,151,380, and average SOLD price of $1,988,305

In 2008 to date there have been 43 single family homes SOLD in Stone Harbor with average list price of $2,246,288,and average SOLD price of $2,017,642

Avalon Sales November 2008-

There are now 21 single family homes on the sale market in Avalon.These range in price from $549,000 for a two bedroom home at 667 22nd street up to a whopping $12,00,000 for a four bedroom,five bath Bayberry Drive home on a 100x110 lot

There are now four single family homes Under Contract in Avalon
215 53rd street listed at $910,000
56 W.13th street listed at $1,390,000
568 22nd street listed at $1,695,000
6600 Ocean Drive listed at $1,989,000.

Four homes SOLD and went to settlement in Avalon in November.
1471 Ocean Drive listed at $699,000 and SOLD for $650,000 after 483 days on the market.
237 52nd street listed and SOLD for $985,000 after 57 days on the market.
138 21st street listed at $1,645,000 and Sold for $1,425,000 after 139 days on the market.
133 23rd street listed at $1,695,000 and SOLD for $1,600,000 after 642 days on the market.

Are you considering a move? If you need a summer rental ,if you have a property that you would like to list,or if you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit my website www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate! 800.708.5792

www.NancyMAlexander.com
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate! 800.708.5792

www.NancyMAlexander.com

Avalon Sales Update November 1-10

Avalon Sales November 1,2008 to November 10,2008-

One single family home at 237 52nd street listed for $985,000 SOLD 11/5/2008 for $985,000 after only 57 days on market.

Two single family homes went Under Contract so far in November.
1471 Ocean Drive listed at $699,000
594 24th street listed at $1,395,000
Five single family homes were listed ranging in price from $1,195,000 up to $3,449,000 for a home 5th from the beach at 6212 Dune Drive.

To Compare Avalon Sales January 1 to November 10 in 2008 VS 2007-
In 2007 there were 90 single family homes SOLD in Avalon with average list price of $2,343,881 and average SOLD price was $2,159,871
In 2008 there were 92 single family homes SOLD in Avalon with average list price of $2, 238,847 and average SOLD price of $2,029.192
www.NancyMAlexander.com

Stone Harbor November Sales

Sales in Stone Harbor November 1 to November 10, 2008

Six single family homes were listed so far in November ranging in price from $495,000 up to $4,950,000

One single family home at 35 Weber Court SOLD 11/3/2008. This property was listed for $495,000 and SOLD for $447,000 after 395 days on market.

Compare Sales in Stone Harbor January 1 to November 10 2007 VS 2008

In 2007 there were 57 single family homes Sold to date with average list price of $2,151,380, and average SOLD price of $1,988,305

In 2008 to date there have been 41 single family homes SOLD in Stone Harbor with average list price of $2,234,400,and average SOLD price of $2,013,015



Are you considering a move? If you need a summer rental ,if you have a property that you would like to list,or if you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit my website www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate! 800.708.5792

www.NancyMAlexander.com

Compare Stone Harbor Sold Prices Since 2005

You keep hearing how awful the market is today. How bad is it here in Stone Harbor really? Let’s take a look at the numbers.

Let’s take a look at the number of Sales and the SOLD prices in Stone Harbor over the past four years .

Stone Harbor Homes Sold 2005,2006, 2007,and 2008

2005.There were 69 Single family homes SOLD in Stone Harbor from January 1 to end of October with an average list price of $2,197,318,and average SOLD price of $2,127,250.The average time on the market was 209 days.



2006.There were 28 single family homes SOLD in Stone Harbor from January to end of October with average list price of $2,496,746 and an average SOLD price of $2,358,625.The average time on market was 225 days.

2007.There were 52 single family homes SOLD in Stone Harbor from January to end of October with an average list price of $2,131,310 and an average SOLD price of $1,967,888.The average time on the market was 206 days.

2008.There were 39 single family homes SOLD this year from January to end of October with an average list price of $2,285,266 and an average SOLD price of $2,058,631. The average time on the market = 285 days

A home in Stone Harbor will always be a good long term investment.


If you need a summer rental for 2009, if you have a property that you would like to list, or if you are thinking of buying or selling a home, in Stone Harbor or Avalon N.J. please visit my website www.StoneHarborRealtor.com. I'd love to be your Stone Harbor/Avalon Real Estate agent.
Call me ..Nancy Alexander at 800.708.5792 I love to talk Real Estate !
or visit www.NancyMAlexander.com

http://epronar.com/whyuseepro.htm.

Avalon Home Sales Activity October 2008

Avalon Sales October 2008 Activity

As of today there are now 222 single family homes for sale in Avalon .These range from $549,000 up to a whopping $12,900,000 .

There now eight homes Under Contract ranging in price from $985,000 up to $3,350,000 for a beach block home at 189 63rd street.


Eleven Avalon homes have SOLD and gone to settlement in October.
680 Third Ave listed for $1,100,000 SOLD for $999,000 10/7/08 after 221 days on the market.

251 36th street. listed for $1,199,000 SOLD for $1,125,000 10/10/08 after 70 days on market.

63 W. 29th street listed for $1,495,000 SOLD for $1,375,000 10/4/08 after 606 days on market.

1758 Dune Drive listed for $1,595,000 SOLD for $1,465,000 10/1/08 after 707 days on market.

23 Pelican Drive listed at $2,495,000 SOLD for $1,950,000 10/8/08 after 88 days on market.

7389 Dune Drive listed at $2,395,000 SOLD for $2,050,000 10/1/08 after 100 days on market.

4506 Fifth Ave. listed for $2,495,000 SOLD for $2,367,000 10/2/08 after 274 days on market.

178 74th st. listed for $2,650,000 SOLD for $2,600,000 10/3/08 after 370 days on the market.

2289 Avalon Avenue listed for $1,999,000 SOLD for $1,800,000 10/31/08 after 261 days on the market.

601 24th street listed for $2,395,000 SOLD 10/29/08 for $2,000,000

63 heron Drive,a 4 bedroom,3 bath bay front on 91x135 lot listed for $5,995,000 SOLD 10/31/08 for $5,485,000 after 856 days on the market.

There are 189 condo/townhomes now for sale in Avalon. These range from $189,000 for a one bedroom condo at 7900 Dune Drive up to $2,200,000 for a 4 bedroom 3 bath beach block townhouse on 28th street.

There are 29 condos now Under Contract in Avalon ranging in price from $305,000 to $1,899,000 for a 5 bedroom,5 bath unit on ocean Drive.

Two condos SOLD in October.

700 Ocean Dr listed for $725,000 SOLD for $677,500 on 10/15/08

375 24th street listed at $1,595,000 SOLD for $1,525,000 on 10/6/08

If you need a summer rental for 2009, if you have a property that you would like to list, or if you are thinking of buying or selling a home, in Stone Harbor or Avalon N.J. please visit my website www.StoneHarborRealtor.com. I'd love to be your Stone Harbor Avalon Realtor
Call me ..Nancy Alexander at 800.708.5792 I love to talk Real Estate !
or visit www.NancyMAlexander.com

http://epronar.com/whyuseepro.htm.

Stone Harbor October 2008 Sales Activity

MLS Statistics show the following Stone Harbor sales activity to date in October 2008

260 93rd St Stone Harbor Listed for $1,550,000 and SOLD on 10/22/08 for $1,325,000 after 417 days on the market

344 89th St Stone Harbor Listed for $849,000 SOLD for $727,500 0n 10/1/08 after 256 days on the market

20 100th St Stone Harbor a Beach Block home with 5 bedroom,3 baths, listed at $2,395,000 SOLD for $2,000,000 10/22/08 after 190 days on the market

167 93rd St Stone Harbor Listed for $1,375,000 and SOLD 10/24/08 for $1,281,250 after 670 days on the market.


As of today ,there are five single family homes now Under Contract in Stone Harbor ranging in price from $495,000 to $2,895,000
There are now 113 single family homes on the market in Stone Harbor right now.

There are now 70 condominiums now on the market with three now Under Contract ranging in price from $399,000 to $899,000
None have Sold this month



If you need a summer rental for 2009, if you have a property that you would like to list, or if you are thinking of buying or selling a home, in Stone Harbor or Avalon N.J. please visit my website www.StoneHarborRealtor.com. I'd love to be your Stone Harbor Avalon Realtor
Please call Nancy Alexander at 800.708.5792 or visit www.NancyMAlexander.com

href="http://www.epronar.com/whyuseepro.htm

Stone Harbor Rental Book Right Here at WWW.NancyMAlexander.com

Book 2009 Stone Harbor & Avalon Summer Vacation Rentals Right Here !@WWW.NancyMAlexander.com. Search 2009 rentals and book on-line right here. Visit WWW.NancyMAlexander.com
Coming to Stone Harbor or Avalon next summer? 2009 rentals are now being booked. More inventory is added daily so save my link and check back often!

If you need a summer rental for 2009, if you have a property that you would like to list,or if you are thinking of buying or selling a home, in Stone Harbor or Avalon N.J. please visit my website www.StoneHarborRealtor.com. I'd love to be your Stone Harbor Realtor.
Please call Nancy Alexander at 800.708.5792 or visit www.NancyMAlexander.com

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Stone Harbor.What's On your "Must Have" Check List? New Construction? Stone Harbor Location? Close to the Beach?

What's On your "Must Have" Check List? New Construction? Stone Harbor Location? Close to the beach? Close to the 96th Street shops and restaurants? A home large enough for the entire family to get together? Here is custom new construction that will satisfy everything on your wish list. This family friendly layout has lots of room for everyone. On the second floor level of this upside down home you will find the open living room, informal dining area and kitchen are all one contiguous space.
Soaring cathedral ceiling in the living room and a fireplace. Hardwood flooring throughout. The chef's kitchen with high end finishes and appliances has generous counter and cabinet space and includes a center island with a breakfast bar. The master bedroom suite with the cathedral ceiling, beautiful luxury bath is a great escape.Big walk-in closet! There is a laundry room and powder room on second floor too. First floor has 4 more bedrooms plus 3 morefull ceramic tile baths. There is a family room with a wet bar, and doors from the family room lead out to the deck and the pool and cabana area. You can pick from several covered porches for a spot to hang your hammock. There are also open sundecks and a patio by the pool to catch some sun. This is an amazing home offering the best in design and finishes. This stands out from other new construction in the area. Plans in office of listing broker.

www.StoneHarborRealtor.com

http://www.epronar.com/whyuseepro.htm

Stone Harbor. Live The Good Life In This Bay Front Home

LIFE IS GOOD HERE ON THE WATER! Classy, inviting and comfortable, this brand new bay front home is Primped to Perfection! Sunny living room featuring a wall of windows and French doors showcasing a beautiful bay view. Beautiful maple hardwood flooring. The kitchen is a cooks delight with rich cherry cabinetry, generous granite counter tops with custom ceramic tile backsplash and stainless steel appliances.
This is a home designed for comfortable living, but also designed for great entertaining with the spacious open dining area. The master bedroom is a wonderful retreat capitalizing on the magnificent bay view and offers a full luxury Carrera marble bath. Great closet space throughout the house. The 4th bedroom is now set up as a den. The outdoor space is designed for summer fun. There are mahogany decks and dock, there are 3 boat slips and a newbulkhead. There is off street parking for 4 cars, an irrigation system and outside shower. Private cul~de~sac location surrounded by new custom homes. Walking distance to Stone Harbor Yacht Club. Nine foot ceilings. All of this complete with tasteful finishes and furnishings is priced at $2,745,000. Come takea look inside!

www.StoneHarborRealtor.com

http://www.epronar.com/whyuseepro.htm

Stone Harbor. Luxury and Affordability....Together At Last!!

Stone Harbor New To Market! Corner of 101st and Second Avenue.Gorgeous Home! $1,890,000.

The Majestic House on the corner of 101st Street and Second Avenue, the one you have admired every time you have driven by, is FOR SALE. Its wonderful curb appeal and "center of Stone Harbor" location invites you inside where you will find an open, spacious, warm interior decorated with taste, style and color. Its traditional floor plan with first floor master suite make this house appealing to those who'd rather not face constant stair climbing. Built by Craig Otton, it has hardwood floors, built in bookcases and cupboards, gas fireplace, a kitchen with the most beautiful color of granite countertops and huge center island as a few of the amenities. The fabulous front porch allows you to sit and rock your cares away surrounded by those gorgeous hydrangeas. Upstairs there are two additional bedrooms and bath PLUS a second master suite with bath with whirlpool tub, the laundry room and two front decks. Immaculate inside, the home looks as if it hasn't been lived in. Outside it is a short hop to the beach with a Gazebo, the playground, shopping and dining. No need to use a car here. This is a house that lives up to its name , you "Chill Out" in its presence. NOTE that the house is wheelchair accessible, but the exterior lift will be removed by the owner should the buyer not want it. The home comes fully furnished and equipped with just several exceptions. Contact the agents for the list of exceptions.

www.StoneHarborRealtor.com
Are you considering a move? It would be my pleasure to help you with your real estate needs.
Want it Sold? Get It Done. Call me …I Love To talk Real Estate!
800.708.5792
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Preparing To Sell Your Stone Harbor or Avalon home In The Late Summer or Fall

This is a re-run of my post in the Spring which has been modified for today’s market. It is well worth repeating.


SELLING IN STONE HARBOR OR AVALON IN THE Late Summer or Fall


What is The Secret Getting Your Home Under Contract?
What is The Winning Formula? Maybe Patience and Willingness To Negotiate. So how are successful sellers doing it? The basic formula to getting to a SOLD sign in a buyer's market would be.....
#1-PRICE! In this glutted re-sale market price is Paramount.Price it correctly on day one!
#2-listen to your Realtor and Pay attention to the comps.The numbers don't lie.
#3-is location and condition of the property.

And Sometimes it just takes Time.
Yes! Location, condition and price are key factors. Plus, patience and willingness to negotiate are absolutely essential. You have to keep remembering it is a buyer's market! A seller needs to set the price correctly from day one. What is your bottom line? What's your strike price? If you want to get your property Sold, Don't be greedy. Other sellers who set their price correctly now have contracts.

Sluggishness in the Real Estate market remains.It is real. There are more listings available to buyers than any time in recent history. A large inventory remains. Here in Stone Harbor, there are 118 single family homes now for sale. That represents 3 years of inventory.

In Avalon there are now 226 single family homes now on the sale market .

What does all this mean To a Seller?
Deal With Reality.....Buyers are now buying the best for their money.Your house should stand out from the crowd for the listed price, or you need to reduce your price.
Negotiate. Today’s buyers know the comps and they want the best deal.
What Your neighbor Sold his place for two years ago is not relevant. And has nothing to do with market value today. Recent comps = market reality.

Presentation.You are ready to Sell..but Is Your House ready to Sell? In today's market,your house needs to sparkle. Have your house ready to be shown at its best. Whip it into shape. You never get a second chance to make a first impression!

Does your house have curb appeal? Does the look of your home from the curb intrigue a buyer enough that he will want to see inside? Do whatever you can to make it more inviting. Get some color .Plant some flowers.And don’t forget about your lawn and garden! Spruce that up too.Get rid of the weeds .

Your house should sparkle when you put it on the market. Investing in the little things such as touch-up paint, window cleaning, carpet cleaning,(or new carpeting) and even professional staging when necessary will yield a big return on investment. If you don't have time or the talent to do it yourself, Hire a professional stager. It's money well spent, and will make an enormous difference in getting your property SOLD.. Buyers are picky, and they have lots of other homes to choose from .Make yours stand out from the crowd!


We don't Know how long market conditions will last, but we do know that sales are being made today, but with a significant number of builder owned new construction homes on the market which are selling at discounted prices, you need to understand your list price has to compete.

Data provided by our MLS, shows a slight decline in listing volume. Two indicators that the market has bottomed out would be #1 a decline in the number of listings, and #2 an increase in listing and Sold prices. The dilemma for Buyers today is to try to time their move before these two things begin to happen in the marketplace.

MLS facts show a recent flurry of sales made in both Stone Harbor and Avalon. Smart buyers now realize that here in Stone Harbor and Avalon the timing could not be more perfect to create the Deal of their Dreams!.

The fact is the market is not Great…but it’s NOT DEAD !!

Are you considering a move? It would be my pleasure to help you with your Real Estate needs call me..I Love To Talk Real Estate!
Cell:609.425.7521
www.StoneHarborRealtor.com

Home Warranty How -To's

According to the Better Business Bureau (BBB), many new-home owners are unaware of the limitations on home warranties, which can cause confusion and unnecessary frustration when problems crop up and repairs are needed. To prevent this, the BBB suggests prospective buyers do some research before accepting the keys to their new home. • Find out how long the warranty company has been in business. Request a reliability report from your local BBB.
• Shop around for the best prices. Most home warranties cost between $300 and $395, but not all offer the same benefits — and make sure to factor in the deductible.
• Ask questions regarding the company’s policy on home repairs. Many have their own service contractors but others allow you to choose your own.
• Get a professional home inspection so you are aware of any possible problems that may not be covered by your warranty.
• Call the warranty company to ask questions and see how the customer service department treats you; this might indicate how you’ll be treated during future calls.
• Know what is covered and what is not. Typically, major operating systems and appliances are covered due to normal wear and tear for the first year.

Are you considering a move? It would be my pleasure to help you with your real estate needs.Call me...I Love to talk Real Estate!
www.NancyMAlexander.com

Here's the Avalon Market Update For July 2008.

Snapshot of Avalon Sales Activity July 2008


Here's the Avalon market update for July 2008. Lots of Sales Activity in July!!

Seven single family homes are Under Contract in the month of July 2008 with listed price ranging from $1,095,000 up to $4,699,000. The average time on the market for these homes is 293 days.

Two single family home Sold and went to settlement this month. One of these homes was a 3 bedroom, 1 bath furnished home on a 50x10 lot which had been listed for $999,999 and SOLD for $929,000 after 375 days on the market .

The second home SOLD was a 4 bedroom, 3.5 bath beach block home which was listed for $2,345,000 and SOLD for $2,100,000 and was on the market for 667 days.

Right now there are 223 single family homes on the market in Avalon ranging in price from $699,000 to $11,900.The average time on market is 268 days.

There are now 171 condos for sale in Avalon ranging in price from $185,000 up to $2,200,000 and the average time on market is 109 days.
Nineteen condos are Under Contract in Avalon in July. These range in price from $265,000 up to $1,595,000.
Two condo units Sold and settled in Avalon in July. One listed for $779,000 SOLD for $700,000 after 196 days on the market, and second one had been listed for $929,000 and SOLD for $820,000 .This had been on market 177 days.


What does all this mean to you as a Buyer? It has NEVER been a better time to make the deal of your dreams! Come On Down!
Would you like more information? call me..I Love To Talk Real Estate!
Cell:609.425.7521

http://stoneharborrealtor.com/
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

Stone harbor Beach Front Home has 3 weeks available in August!

This has been a banner year for rentals. Even in tough times, people will not give up their vacation at the shore. Stone Harbor is just a few hours drive from Philadelphia, New York and Maryland. Come see us!

If you want to take a last minute vacation,we do have places still available depending on the weeks you need. Please call 800.708.5792

We have a huge 4 bedroom,5 bath beach front home with August weeks still available. Please give me a call at 800.708.5792 for more information.

Enormous living space here!family friendly layout is perfect for relaxed lifestyle.Lots of room to spread out.And views from everywhere! See the ocean from living room,dining room,all the bedrooms..and 4 of the 5 bedrooms has its own bath.Stone Harbor is home to the most beautiful stretch of beach you will find anywhere,& here,it's right at your front door!From this location you can walk to terrific restaurants.Or you can ride a bike or take a drive to the shops on 96th street.Play tennis? The courts are just blocks away. And you are just 35 minutes to the blackjack tables in Atlantic City.Life is Good here at The Beach!

Would you like more information? call me..I Love To Talk Real Estate!
Cell:609.425.7521





htpp://NancyMAlexander.com

Seven Things You Need To Know About Real Estate In New Jersey

New Jersey Association of REALTORS® Sees Opportunity in State's Real Estate Market

(Edison, NJ) New Jersey residents might be surprised to learn that there are many positive aspects about the state's real estate market. Currently, New Jersey real estate market offers many opportunities, evidenced by areas of positive growth including rising median sales prices in some areas of the state, increasing affordability rates and a high average of accumulated home equity, according to statistics presented by the New Jersey Association of REALTORS® (NJAR®).

"There is no doubt that some New Jersey residents are still undecided as to whether now is the right to buy a home," said NJAR® Executive Vice President Jarrod C. Grasso. "By highlighting statewide market information, we're arming the public with the knowledge they need in order to educate themselves and evaluate their housing choices."

Below are seven key facts about New Jersey real estate buyers and sellers should consider when thinking about a real estate transaction.

New Jersey homes have generally maintained their values. National news about tumbling residential real estate prices does not present an accurate picture of New Jersey's local markets. While the national seven year home appreciation rate is 37.8 percent, New Jersey's is more than double that amount at 80.4 percent. Some areas of the state, Bergen, Essex, Mercer, Cape May and Salem counties, saw median price increases in the first quarter of 2008.


The market favors first-time home buyers, who make up 40 percent of the New Jersey market. Buyers currently have many more homes to choose from and are benefitting from mortgage interest rates that are near historic lows. Without having to sell previously-owned property, first-time buyers can also take advantage of the increasing rate of affordability. According to the First Quarter 2008 New Jersey Home Sales Report, New Jersey's housing affordability composite index rose over 100, signifying that a family earning the state median income has the potential to qualify for a mortgage loan on a median-priced home, assuming a 20 percent down payment.


It's also a good time to trade up. Homeowners in need of a larger home might be hesitant about listing their current home in a buyer's market. However, while sellers may have to accept a more realistic price for their current home, the seller of the home they wish to purchase is in the same situation. Realistic pricing is key and REALTORS® familiar with a local market can be invaluable in pricing and marketing your home.


Owning a home builds long-term wealth. Over the last decade, the median prices of homes in almost every metropolitan statistical area that covers the state have more than doubled; illustrating that homeownership is a sound financial investment that historically outperforms the stock market in building long-term wealth. New Jersey home buyers who purchased their homes seven years ago have accumulated an average of $156,300 in home equity.


A home is much more than a nest egg. Despite the tax benefits and financial security which homeownership can provide, a recent survey of New Jersey homeowners revealed that the desire to establish a household and have a place to call their own was the number one reason for buying a home.


New Jersey has a lot going for it. There are many positive economic and market forces in the Garden State that support the long-term health of residential real estate. Reflecting a strong employment market, New Jersey's median income of $64,470 is the second highest in the country. Also, excellent school systems, proximity to New York and Philadelphia, a thriving tourism industry and an extensive transportation infrastructure all enhance the vitality of this area.


There are 53,000 REALTORS® in New Jersey that can provide you with localized information. Nine out of ten home buyers in New Jersey choose to work with a REALTOR® and 86 percent said they would probably work with the REALTOR® again. REALTORS® have a thorough understanding of the dynamics of their local markets and are ready to guide potential homeowners through the process.
These seven things consumers need to know about real estate in New Jersey will be featured in a consumer brochure to be distributed to REALTORS® throughout the state in the coming weeks in order to inform their clients with facts about the state's real estate market. NJAR® is encouraging New Jersey residents to Get the REAL StorySM on real estate in New Jersey with a public education campaign that features an informational website, www.REALstoryNJ.com, designed to assist potential buyers and sellers in learning about New Jersey's real estate market.
www.StoneHarborRealtor.com
Would you like more information? call me..I Love To Talk Real Estate!
Cell:609.425.7521



http://StoneHarborRealtor.com

DID YOU KNOW

Running a sprinkler for two hours can use up to 500 gallons of water. To figure out the right amount to water, put an empty tuna can on your lawn. When it’s full, you’ve watered about the right amount

Source: www.eartheasy.com

The Right Moves

The Right Moves

You found the perfect house, signed on the dotted line and are daydreaming about life in your new home. As moving day looms, it’s also time to think about packing up your many belongings. Have you found enough boxes? How to handle those precious family heirlooms and other breakables? Here are a few tips for making your big day go as smoothly as possible:
Before You Start
• Prioritize your packing list. Consider what you don’t need to take with you, what will need extra packing care and how to best organize your things.
• Estimate how many boxes you’ll need and get them well in advance of moving day. Save newspapers to line boxes.
• Consider investing in moving insurance, which will cover anydamages or breakages during the move.
Getting Under Way
• Start early. Packing always takes longer than you think.
• Begin at the top of the house first and work your way down. Attics are a great place to start sorting.
• Move from room to room, packing and labeling carefully as you go. Clearly mark boxes that contain breakable objects. Be sure to keep all boxes that belong to a certain room together. It will make it much easier when you unpack.
• Newspaper can sometimes leave marks, so wrap your valuables in bubble wrap, blankets or pillows to avoid messy newsprint.
• Keep all of your important documents, such as birth and marriage certificates,
in the same place for easy reference.
Thinking Ahead
• You likely won’t want to shuffle through boxes on your first night in your new home, or you might be traveling long distance and have your household items show up after you’ve arrived. Either way, pack an essentials box containing a change of clothes and toiletries, as well as coffee, tea, snacks, cups, plates and utensils. A small tool kit, first-aid supplies and pen and paper are also important to have on hand.

Fast Fact..

To remove mildew or algae from a wooden deck, use a 50/50 mixture of bleach and water. Any store-brand bleach will work. Rinse the solution off with a garden hose. For brick, use a power washer.

Source: U.S. Census Bureau

Break The Mold!

Break the Mold
Summer’s here. The
temperature is climbing,
and so is the humidity.
And when humidity levels
exceed 70 percent, it can
create prime conditions for
mold growth in your home.
Outdoors, molds are an important part of the ecosystem, breaking down dead leaves, trees and branches. But indoors, it has no rightful place. Indoor molds, often called black mold, can cause health problems, such as asthma and allergic reactions, and can irritate the eyes, nose, throat and lungs.
In some cases, mold is simple to spot — along windowsills, in the shower or on damp wood. Finding it throughout the rest of your home, however, is not always as easy. It can be hidden behind walls that might have suffered previous water damage, under old flooring or carpets, or within the HVAC system. If you walk into a room that smells especially musty, you’re probably smelling mold.
Determining who should do the cleanup depends on the extent of the mold. If the moldy area is smaller than 3 feet by 3 feet, you can usually handle the job yourself. However, if it’s larger than 3 feet by 3 feet, if there’s a lot of water damage or if you suspect it’s in the HVAC system, hire a contractor who has experience in cleaning mold.
Take precautions if you do the cleanup yourself. Avoid breathing in mold or mold spores. Many hardware stores carry N-95 respirator masks, which catch most mold spores before they enter your breathing space. Wear long gloves that extend to the middle of the forearm to avoid touching the mold with your bare hands and use protective goggles with ventilation holes.
To prevent mold buildup in the future, fix plumbing leaks and other water problems as soon as you notice them, and be sure to dry everything completely.


Source: Environmental Protection Agency

Water,Water,Everywhere

Nothing says summer quite like torrential downpours. And while the rain usually provides much-needed relief from the heat, it also can wreak havoc on your home’s structure.
Detecting leaks early is key, and it can make all the difference between cleanup that requires a simple mop and bucket and having to undergo major construction. Most water problems stem from three areas around your home: leaky roofs, poor drainage around the foundation and clogged gutters or downspouts.
First, it’s important to routinely check your roof for leaks. Missing, curling, broken or cracked shingles can be a warning sign that the roof might need to be repaired. Also take note of any damage or deterioration around chimneys, vents or dips in the roof. Keep your roof free of debris, such as leaves and sticks, and trim trees regularly to prevent them from rubbing against shingles.
Where and how your home is positioned on the property can also affect how well water drains (or doesn’t) from the foundation. Pooling of water around the house can indicate low-lying areas and insufficient drainage. Fill in any of these spots so water flows away from the house and extend downspouts several feet from the foundation to whisk away even more water.
Finally, inspect gutters and downspouts regularly for any debris. Installing gutter shields can help prevent clogs from building up inside the pipe. And if you are frequently away from home, consider installing a water alarm. If the system detects a leak inside the house, such as toilets, faucets or the water meter, it will automatically shut off the water supply to prevent further damage.
Home water leaks only worsen with time, so be sure to conduct routine checks — and if
a problem occurs, address
it sooner rather than later. Everywhere
Nothing says summer quite like torrential downpours. And while the rain usually provides much-needed relief from the heat, it also can wreak havoc on your home’s structure.
Detecting leaks early is key, and it can make all the difference between cleanup that requires a simple mop and bucket and having to undergo major construction. Most water problems stem from three areas around your home: leaky roofs, poor drainage around the foundation and clogged gutters or downspouts.
First, it’s important to routinely check your roof for leaks. Missing, curling, broken or cracked shingles can be a warning sign that the roof might need to be repaired. Also take note of any damage or deterioration around chimneys, vents or dips in the roof. Keep your roof free of debris, such as leaves and sticks, and trim trees regularly to prevent them from rubbing against shingles.
Where and how your home is positioned on the property can also affect how well water drains (or doesn’t) from the foundation. Pooling of water around the house can indicate low-lying areas and insufficient drainage. Fill in any of these spots so water flows away from the house and extend downspouts several feet from the foundation to whisk away even more water.
Finally, inspect gutters and downspouts regularly for any debris. Installing gutter shields can help prevent clogs from building up inside the pipe. And if you are frequently away from home, consider installing a water alarm. If the system detects a leak inside the house, such as toilets, faucets or the water meter, it will automatically shut off the water supply to prevent further damage.
Home water leaks only worsen with time, so be sure to conduct routine checks — and if
a problem occurs, address
it sooner rather than later.
Sources: State Farm Insurance Co.,


Sources: State Farm Insurance Co.,

Stone Harbor and Avalon Real Estate Sales Activity in The Month of June 2008

Stone Harbor and Avalon Real Estate Snapshot of Real Estate Sales Activity in The Month of June 2008


There are now 100 single family homes on the sale market in Stone Harbor ranging in price from $495,000 up to a whopping $6,500,000. Average time on the market is 250 days.

There were four single family homes which Sold and settled in June with prices ranging from $847,000 to $1,830,000.Average time on the market =263 days

3 single family homes in Stone Harbor went Under Contract in June with price ranging from $849,000 to $1,999,000

There are now 72 Condo/Townhomes for sale in Stone Harbor priced from $225,000 up to $1,899,000 .The average time on the market is 252 days.

2 Condo/Townhomes Sold and settled in June .These Sold for $628,000 and $787,000

One condo went Under Contract in June .This is listed at $749,000 and was on the market for 192 days.

Avalon

There are now 218 single family homes on the sale market in Avalon.
7 single family homes SOLD and Settled in June with prices ranging from $995,000 to $4,300,000. Average time on market =269 days
One single family home went under contract in Avalon in June priced at $1,399,000

There are now 100 condo/townhomes for sale in Avalon ranging from $185,000 to $2,495,000.Average time on the market is 267 days.

6 condos in Avalon went Under Contract in June with prices ranging from $394,990 to $1,499,500
4 Condos SOLD and Settled in June. These ranged in price from $677,500 to
$1,451,500.Average time on the market was 457 days.
Would you like more information? call me..I Love To Talk Real Estate!
Cell:609.425.7521



http://StoneHarborRealtor.com

Home Tour Red Flags

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Home Tour Red Flags

Frontdoor.com, HGTV’s real estate Web site, identifies several potential problems that buyers should look out for when touring a home.

1. Mediocre Maintenance. Three layers of roofing and gutters with plants growing out of them are signs that the owners have not kept up with the property. What else have they neglected?
2. Foundation Failures. If the yard slopes toward the house, it could cause water to run down the foundation walls or into the basement, which could result in costly repairs. Also if foundation cracks or bulges are thicker than 1/3 inch, the house could have serious structural issues.
3. Faulty Wiring. Make sure all switches and outlets function properly. Flickering lights, circuits that don’t work, and warm or hot outlets or faceplates are all symptoms of wiring problems.
4. Fresh Paint …On One Wall. New paint can spruce up walls, but they can also hide bigger problems, such as water damage, mildew or mold.
5. Foggy or Non-functioning Windows. Check for water in between double-paned windows and make sure all windows work properly.
6. Structural Walls and Floors. The house may have an open floor plan, but was it always open or did the homeowners renovate? If a load-bearing wall was removed without adjusting the framing, it can shift weight to other parts of the house.
7. Bugs. No one wants a
house with a pest
problem. Look for
evidence of
unwelcome
creatures as
you tour
the home.

Green Thumb

It’s finally time to pull out the patio furniture, fire up the grill and enjoy outdoor activities in your yard. Here are some tips from HGTV.com that will keep your grass looking green all summer long.
When cutting the grass, try to keep its height at about two-and-a-half to three inches. Sharpen the blade of your mower at least three times a year to avoid grass split ends, and be sure to change your mowing pattern to prevent soil compaction, which will inhibit grass growth.
Instead of lightly watering your grass three to four times a week, give it a good soaking once a week – most lawns need about an inch of water. Watering early in the morning is best.
To combat weeds, make sure to use herbicides specially formulated to combat the types of weeds that are growing in your yard. If you aren’t a fan of herbicides, weed removal tools, such as weed hounds, usually do the trick.
Over-fertilizing is a common problem and can kill your lawn. You should only fertilize in the spring and summer months if you neglected to apply fertilizer in the fall. Every time you mow your lawn the clippings provide nitrogen, an excellent natural fertilizer.
Finally, keep kids, pets, vehicles and wheelbarrows off moist soil and emerging grass. Wait until your lawn is full and dry to enjoy it.

Stone Harbor Does Quiet Beaches Well!!

For other entertainments, Stone Harbor relies heavily on the neighboring beaches to provide non-surf attractions and activities. Stone Harbor does quiet beaches, and does it well. Some people would place Stone Harbor on their "Best-Kept Secrets" list, which suits the residents and renters in Stone Harbor just fine. While the beaches at better-known Wildwood and Atlantic City are crowded beach towel-to-beach towel with vacationers, Stone Harbor remains relatively quiet and uncrowded. And if that's what you're looking for, Stone Harbor is the place to go.
Guards are located at raft beaches: 83rd, 87th, 94th, 96th, 100th, 105th and 117th Streets.
They are also located at the following beaches where rafts are not permitted: 86th, 90th, 102nd, 103rd, 108th, 112th, 116th and 120th Streets.
Surfboards (with leashes attached) are permitted at 81st, 110th and 122nd Streets
Local Details

Beach Fees
$5 day, $10 week, $20 season. Tags required 5/26 - 9/4

Handicap Access to the Beach
City has sand wheelchairs that can be reserved at the Beach Tag Office 368-6805. There is no charge for use of chairs. City does have accessible beaches. See Beach Patrol

Lifeguard Hours
10 am - 5 pm

Surfing Beaches
81st Street & 110th Street

Surf Fishing Beaches
at discretion of lifeguard captain - daily basis

Public Boat Ramps
80th St Marina - $6 day, $75 seasonal Fishing Piers
83rd & Bay

Bicycle Paths
None

Boardwalk Hours for Bicycles
None

Boardwalk Hours for Roller Blades
None

Tennis Courts
97th Street & 82nd Street

Recreation Department:
1-609-368-5102

For More Information
1-609-368-6101

Beach Tag Office
1-609-368-6805

Beach Tags are available by mail or at the Stone Harbor Beach Patrol Building, 95th Street & the Beach (609-368-6805), or at the beach. Stone Harbor and Avalon beach tags are accepted at either location.

Would you like more information? call me..I Love To Talk Real Estate!
Cell:609.425.7521

StoneHarborRealtor.com

Stone Harbor and Avalon Real Estate Snapshot of May Real Estate Sales Activity

Stone Harbor Real Estate Sales Activity in the Month of May


Stone Harbor MLS statistics show 110 single family homes are now on the sale market with prices ranging from a low of $495,000 to high of $6,150,000.
4 single family home SOLD and settled in May including one listed at $4,895,000.
Average days on the market =210 days.

There are now 5 single family homes Under Contract ranging in listed price from $950,000 to $1,199,000.
Average days on the market for these single family homes =245 days

There are now 69 condominiums/town homes now on the sale market in Stone Harbor ranging from a low price of $225,000 up to $1,899,000.The average time on the market is 244 days.
There were 3 Stone Harbor condos SOLD and settled in May selling for price ranging from $495,000 to $999,000.The average time on the market was 267 days..
There are now 3 Stone harbor condos Under Contract ranging in price from $689,000 up to 4877,000. The average time on the market is 423 days.



Avalon Real Estate Sales Activity in the Month of May

Avalon MLS facts show right now there are 210 single family homes for sale ranging from a low of $699,000 up to a whopping $11,900,000
There are now 10 Avalon single family homes Under Contract ranging in price from $999,000 up to $3,095,000.Average days on the market =340 days
15 Avalon single family home SOLD and Settled in May ranging in SOLD price from $675,000 up to $6,500,000.Average days on the market for these homes =237 days



There are now 154 condominium/ town homes for sale in Avalon. These range in price from $185,000 to $2,495,000.The average time on the market for these condos is 259 days.
There are 4 Avalon condos now Under Contract with listed prices from $695,000 to $899,000.Average time on the market for these units is 513 days.
6 Avalon condos have SOLD and settled in May with Sold prices from $585,000 up to $1,500,000.The average days on the market was 299 days

Would you like more information on Avalon or Stone Harbor Homes for Sale? Call me..I LOVE to talk Real Estate! 800.708.5792




StoneHarborRealtor.com

Preparing To Sell In The Spring In Stone Harbor & Avalon

Preparing To Sell In The Spring
SELLING IN STONE HARBOR OR AVALON IN THE SPRING
What is The Secret Behind the Sale?
What is The Winning Formula? Maybe Patience and Willingness To Negotiate. So how are successful sellers doing it? The basic formula to getting to a SOLD sign in a buyer's market would be…..
#1- listen to your Realtor and Pay attention to the comps .
#2 is Price.
#3 comes location, and the condition of the property.

And sometimes it just takes time.
Yes! Location, condition and price are key factors. Plus, patience and willingness to negotiate are absolutely essential. You have to keep remembering it is a buyer's market! A seller needs to set the price correctly from day one. What is your bottom line? What’s your strike price? Something to think about….If you want to get your property Sold, Don’t be greedy. Other sellers who set their price correctly now have contracts.

You hear on the news about the sluggishness in the real estate market. It's real. There are more listings available to buyers than any time in recent history. Here in Stone Harbor, there are 123 single family homes now for sale. That represents more than a 4 years of inventory. Six homes managed to go under contract since the first of the year, and nine single family homes have Sold and settled. Average listed price was $2,933,655,and average Sold price was $2,584,740. And average time on the market was 187 days.

In Avalon there are now 216 single family homes now on the sale market with an average list price of $2,282,007 and average time on the market is 247 days. Eight single homes have Sold since the first of the year, and right now there are 23 single family homes under contract!

What does all this mean?
Deal With Reality…..Buyers are now buying the best for their money. Either your house should stand out from the crowd for the listed price, or you should reduce your price.

Adapt. Be Ready To negotiate. Buyers today know the comps and want the best deal.
What Your neighbor Sold his place for two years ago is not relevant. And has nothing to do with market value today. Recent comps show you market reality.

Presentation. Have your house ready to be shown at its best. You never get a second chance to make a first impression!
Does your house have curb appeal? What can you do to make it more inviting so a buyer would want to come inside? How about your lawn? Have your lawn and garden spruced up too. Think about planting some colorful flowers out in the front of your house .

Have your house sparkle when you put it on the market..Investing in touch-up paint, carpet cleaning,(or even new carpet) and even professional staging when necessary yields a big return on investment If you do not have the knack to do it yourself, pay a professional stager. It’s money well spent, and your home will be worth more in the long run. Buyers are picky.

Patience.Patience,Patience!
We don’t know what the future may bring ,but we do know this.. the market was overheated and is now undergoing a correction. All the negative press created has fear and fear can be infectious.

However,MLS facts show a recent flurry of sales made in both Stone Harbor and Avalon. There are smart buyers who realize that here at the Shore the timing is perfect to jump in. Let's hear it for all those who followed their gut feelings and are now under contract. They realize that NOW is the time to cut a really good deal!

Would you like more information? call me..I Love To Talk Real Estate!
Cell:609.425.7521

http://www.StoneHarborRealtor.com

CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

The Internet Has Changed The Real Estate Business!

Change is not easy. And change is even harder for an old timer like me ! But change is necessary to survive in this new world of Real Estate .
What A Difference The Internet has made in the Real Estate business! The Internet has totally changed the rules of the game.
For 32 years now I've followed all the rules on personal promotion and "The Marketing of Me." I followed all the suggestions in the seminars, the classes and the books. Internet savvy consumers have changed everything. You don't care about all the self promotion...you want to know what I can do for you.

Today's typical buyer and seller is very familiar and comfortable with the Internet.The National Association of Realtors says the typical Buyer and Seller will first browse the Internet before contacting an agent.
If you are looking on-line for a home, and /or a Realtor, sure, you want to know that I know what I am doing…. But most importantly, you want to know what's in it for you.
You want up-to-date information. And you want it now. All the marketing stuff we Realtors have been doing for years including post cards ,flyers, ads in the newspapers and in magazines, ALL of that takes a back seat to the Internet.

I began to blog just recently ,and I am amazed at the positive response I've received!
Here on my blog, you will find your Stone Harbor and Avalon Real Estate information. Each month I'll update you on homes that are now on the market, what went under contract, and what has Sold in the month.

Would you like more information? If you do not find what you need at www.StoneHarborRealtor.com , please e-mail me at Nancy@NancyMAlexander.com
Or call me…I Love To Talk Real Estate ! 800.708.5792

Stone Harbor & AvalonReal Estate Snapshot March Sales Activity

Stone Harbor Real Estate Snapshot March Sales Activity


Stone Harbor Single Family Homes Sold and Under Contract March 2008

MLS Statistics show 6 single family homes went under contract this month with list prices ranging from $1,595,000 up to a hefty $3,795,000 .

Two single family home went to settlement this month .A three bedroom, 2 bath home listed for $989,000 on a 55x60 lot sold and settled for $925,000 on 3/28/08 . This had been on market 74 days.

Another four bedroom, two bath single on a 50x110 lot family home listed for $1,649,000 Sold and settled 3/22/08 for $1,555,000. This had been on market 160 days

Stone Harbor Condo/ Townhomes Sold and Under Contract March 2008

Two condos went under contact this month.A three bedroom ,two bath beachfront condo with an indoor pool listed for $985,000,and a new four bedroom,3.5 bath condo listed at $1,150,000 also is now under contract.

A two bedroom, one bath condo listed for $399,000 SOLD for $380,000.This was on market 41 days


Avalon Real Estate Snapshot March Sales Activity

Avalon Single Family Homes Sold and Under Contract March 2008
Ten single family homes went under contract this month ranging in price from $875,000 all the way up to $4,695,000
Nine Avalon single family home went to settlement this month

A 3 bedroom,1 bath home on a 40x100 lot, listed for $595,000 sold for $560,000 .This was on market 400 days.

A 3 bedroom,2 bath home on a 50x110 lot which was listed for 4890,000,SOLD for $850,000.had been on market 59 days

A 3 bedroom, I bath home on a 60x111 lot listed for $1,149,000 SOLD for $950,000.This was on market 352 days

A 4 bedroom,2 bath home on a 50x110 lot listed for $1,199,000 SOLD for $$1,050,000.This was on market 401 days

A 3 bedroom,1 bath home on 60x110 lot which was listed for $1,275,000,SOLD for $1,225,000.This had been on market 313 days

A 6 bedroom,4 bath home on a 60x110 lot which was listed for $1,595,000,SOLD for $1,460,000.This was on market 134 days

A 5 bedroom,5 bath home on a 60x110 lot which was listed for $1,625,000 SOLD for $1,500,000.This was on market 56 days.

A 5 bedroom,3 bath home on a 60x110 lot which was listed for $2,190,000 SOLD for $1,912,500 after 215 days on the market

A 5 bedroom,3 bath home on a 100x110 lot listed for $4,750,000 SOLD for $4,200,000 after 397 days on the market

Avalon Condo Townhomes Sold and Under Contract March 2008

Two condos in Avalon went under Contract this month.
A 5 bedroom,3.5 bath condo listed for $775,000 is under contract after 71 days on market.

A 5 bedroom,4 bath condo listed for $1,595,000 is also under contract after 1037 days on the market

Five condos in Avalon SOLD and Settled in March

A 3 bedroom.2.5 bath condo listed for $775,000 SOLD for $775,000 after 378 days on market

A 4 bedroom,2.5 bath condo listed for $995,000,SOLD for $965,000 after 450 days on the market

A 5 bedroom,4 bath condo listed for $1,289,000 SOLD for $1,187,000

A 4 bedroom,4 bath condo listed for $1,650,000 SOLD for $1,387,000 after 609 days on the market

A 4 bedroom,4 bath condo listed for $1,650,000 SOLD for $1,500,000 after 38 days on market


Would you like more information? call me..I Love To Talk Real Estate!
Cell:609.425.7521
http://StoneHarborRealtor.com

Stone Harbor & Avalon Homes SOLD and Under Contract in March.Things Are Moving Again!

Stone Harbor Real Estate Snapshot of Sales Activity For The Month of March 2008

Buyers are stepping up and making some deals in Stone Harbor and in Avalon! Here are the facts from MLS for the month....

Stone Harbor Single Family Homes Sold and Under Contract March 2008

MLS Statistics show 6 single family homes went under contract this month with list prices ranging from $1,595,000 up to a hefty $3,795,000 .

Two single family home went to settlement this month .A three bedroom, 2 bath home listed for $989,000 on a 55x60 lot sold and settled for $925,000 on 3/28/08 . This had been on the market 74 days.

Another four bedroom, two bath single on a 50x110 lot family home listed for $1,649,000 Sold and settled 3/22/08 for $1,555,000. This had been on the market 160 days

Stone Harbor Condo/ Townhomes Sold and Under Contract March 2008

Two condos went under contract this month.A three bedroom ,two bath beachfront condo with an indoor pool listed for $985,000,and a new four bedroom,3.5 bath condo listed at $1,150,000 also is now under contract.

A two bedroom, one bath condo listed for $399,000 SOLD for $380,000.This was on the market 41 days


Avalon Real Estate Snapshot of March Sales Activity

Avalon Single Family Homes Sold and Under Contract March 2008
Ten single family homes went under contract this month ranging in price from $875,000 all the way up to $4,695,000
Nine Avalon single family home went to settlement this month

A 3 bedroom,1 bath home on a 40x100 lot, listed for $595,000 sold for $560,000 .This was on market 400 days.

A 3 bedroom,2 bath home on a 50x110 lot which was listed for 4890,000,SOLD for $850,000.had been on market 59 days

A 3 bedroom, I bath home on a 60x111 lot listed for $1,149,000 SOLD for $950,000.This was on market 352 days

A 4 bedroom,2 bath home on a 50x110 lot listed for $1,199,000 SOLD for $$1,050,000.This was on market 401 days

A 3 bedroom,1 bath home on 60x110 lot which was listed for $1,275,000,SOLD for $1,225,000.This had been on market 313 days

A 6 bedroom,4 bath home on a 60x110 lot which was listed for $1,595,000,SOLD for $1,460,000.This was on market 134 days

A 5 bedroom,5 bath home on a 60x110 lot which was listed for $1,625,000 SOLD for $1,500,000.This was on market 56 days.

A 5 bedroom,3 bath home on a 60x110 lot which was listed for $2,190,000 SOLD for $1,912,500 after 215 days on the market

A 5 bedroom,3 bath home on a 100x110 lot listed for $4,750,000 SOLD for $4,200,000 after 397 days on the market



Avalon Condo Townhomes Sold and Under Contract March 2008

Two condos in Avalon went under Contract this month.
A 5 bedroom,3.5 bath condo listed for $775,000 is under contract after 71 days on the market.

A 5 bedroom,4 bath condo listed for $1,595,000 is also under contract after 1037 days on the market

Five condos in Avalon SOLD and Settled in March

A 3 bedroom.2.5 bath condo listed for $775,000 SOLD for $775,000 after 378 days on market

A 4 bedroom,2.5 bath condo listed for $995,000,SOLD for $965,000 after 450 days on the market

A 5 bedroom,4 bath condo listed for $1,289,000 SOLD for $1,187,000

A 4 bedroom,4 bath condo listed for $1,650,000 SOLD for $1,387,000 after 609 days on the market

A 4 bedroom,4 bath condo listed for $1,650,000 SOLD for $1,500,000 after 38 days on market

Interested in Buying, Selling or Renting a home here at the shore, please e-mail me at Nancy@NancyMAlexander.com , or if you prefer, you can call me at 800.708.5792.
I love To talk Real Estate!

www. StoneHarborRealtor.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

Something We Can All Use (Not At All Real Estate Related)

For a Happier and Healthier 2008


1. Take a 10-30 minute walk every day. And while you walk, smile. It is the ultimate anti-depressant.

2. Sit in silence for at least 10 minutes each day.

3. Buy a DVR and tape your late night shows and get more sleep.

4. Be the change you wish to see in the world.

5. Live with the 3 E's -- Energy, Enthusiasm, and Empathy.

6. Play more games and read more books than you did in 2007.

7. Make time to practice meditation, and prayer. They provide us with daily fuel for our busy lives.

8. Spend time with people over the age of 70 and under the age of 6.

9. Dream more while you are awake.

10. Take the first step in faith.You don't have to see the whole staircase.just take the first step.

11. A little rebellion now and then is a good thing.

12. Try to make at least three people smile each day.

13. Clear clutter from your house, your car, your desk and let new and flowing energy into your life.

14. Don't waste your precious energy on gossip, OR issues of the past, negative thoughts or things you cannot control. Instead invest your energy in the positive present moment.

15. Realize that life is a school and you are here to learn. Problems are simply part of the curriculum that appear and fade away like algebra class but the lessons you learn will last a lifetime.

16. Eat breakfast like a king, lunch like a prince and dinner like a college kid with a maxed out charge card.

17. Smile and laugh more. It will keep the NEGATIVE BLUES away.

18. Life isn't fair, but it's still good.

19. Life is too short to waste time hating anyone.

20. Don't take yourself so seriously. No one else does.

21. You don't have to win every argument. Agree to disagree.

22. Make peace with your past so it won't spoil the present.

23. Don't compare your life to others'. You have no idea what their journey is all about.

24. No one is in charge of your happiness except you.

25. Frame every so-called disaster with these words: 'In five years, will this matter?'

26. Forgive everyone for everything.

27. What other people think of you is none of your business.

28.REMEMBER GOD heals everything.

29. However good or bad a situation is, it will change.

30. Your job won't take care of you when you are sick. Your friends will. Stay in touch.

31. Get rid of anything that isn't useful, beautiful or joyful.

32. Envy is a waste of time. You already have all you need.

33. The best is yet to come.

34. No matter how you feel, get up, dress up and show up.

35. Do the right thing!

36. Call your family often. (Or email them to death!!!)

37. Face an insane world with laughter. You will either be thought a fool,and underestimated...or thought a genius and revered.

38. Remember that you are too blessed to be stressed.

39. The man who rows the boat generally doesn't have time to rock it.



http://StoneHarborRealtor.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

Be Smart. Buy Now

Daily Real Estate News March 11, 2008
Why Now is a Smart Time to Buy
Now is a great time to buy a home, say the financial gurus at the Wall Street Journal.

The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it’s not revolutionary, but some potential customers might find it reassuring.

Remember this is a place to live not a stock market investment, they say. Lenders want buyers to spend no more than 28 percent of their gross monthly income on mortgage payments, real estate taxes, and home insurance. Buyers shouldn’t count on stretching further because lenders won’t approve their loans.

Cash is king. Having enough money in the bank to pay closing costs that are typically an additional 2 percent to 3 percent of the price of the home is necessary.
Location. Location, location. As any good real estate professional knows, homes in good school districts where the crime is low are much more likely to hold or increase their value.
Compare. Besides just looking at the comps, buyers should examine what it would cost to rent a similar house in the same area and they might consider what it would cost to buy land and build a comparable home.
Think long haul. It will probably take at least six or seven years of living in the house to be able to sell and come out ahead.

Source: The Wall Street Journal, Shelly Banjo (03/11/08)

nancymalexander.com

How to Attract Wildlife To Your garden

Welcome all species of guests to your garden

While some homeowners strive to rid their landscapes of insect and animal pests, others try to entice visitors from the animal kingdom to their gardens.
Many outdoor creatures that accent a beautiful landscape are also helpful participants in the community. Bees pollinate fruits and flowers, keeping gardens productive. Toads, frogs and lizards are fascinating to watch and eat pesky insects at a ferocious rate. Dragonflies, ladybugs and spiders also eat great numbers of unwelcome insects, such as aphids and mites. Here are tips for encouraging wildlife to come to your garden.
• Diversify
The more diverse the plants in your garden, the more wildlife you are likely to attract. Set up a complex mini-ecosystem in your back yard by choosing a variety of plants.
• Don't be too tidy
Humans appreciate neat gardens, but animals thrive in messier places. Removing faded flowers keeps the garden attractive and flowers bearing longer, but birds enjoy flowers that have gone to seed. Brush piles are an ideal place for butterflies and other creatures to overwinter.
• Provide cover
Most animals need a protected area. Shade trees provide protective cover for animals while fruit-bearing trees and shrubs provide food. Even a vine-covered wall can provide a potential nesting site for tiny birds.
• Garden organically
Chemicals throw off nature's balance and can kill helpful as well as harmful creatures. Many organic practices attract wildlife. Adding compost or other organic matter to the soil, for example, attracts earthworms. They, in turn, contribute to the health of the bed. Their constant burrowing tills and aerates the soil. They ingest organic wastes and deposit humus-rich castings in it. Earthworms also attract robins and other birds.
• Go native
Most native plants help feed or host local wildlife. They provide food for adult birds and good nectar for local butterflies as well as shelter for birds and other cre
• Go native
Most native plants help feed or host local wildlife. They provide food for adult birds and good nectar for local butterflies as well as shelter for birds and other creatures.


www.StoneHarborRealtor.com

Jon Stewart’s The Daily Show on Comedy Central. Monday, Stewart provided brilliant analysis of the recent market turmoil.

Nancy@NancyMAlexander.com
www.StoneHarborRealtor.com
800.708.5792

Spring In Stone Harbor

I love Spring. Spring is all about hope and the promise of things to come. Trees are budding and flowers are beginning to bloom. And in MLS each morning for the past few weeks I see more and more “under contracts’ showing up.
Stone Harbor is waking up from its winter sleep. In this resort town , if you pass another car on the road in the winter, the chances are it’s another Realtor! There are not many people here in the winter. So , it is always fun to see the town come back to life in spring. And with Easter coming so early this year, it brings families down sooner. All weekend the town has been packed. Real Estate offices were all busy. Lots of people out looking at property!
Have a Blessed and Happy Easter!
Life Is Good!

http://Nancy@NancyMAlexander.com
http://StoneHarborRealtor.com
800.708.5792
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

It Is Mid-March.Is Your Stone Harbor Vacation Rental booked yet?

Click Here For Your Stone Harbor or Avalon Summer Rental
http://NancyMAlexander.com/VacationRentals.htm Click on the red banner and fill in the time period you need.
Find one you like? You can book right here on-line! There are still have some primeweeks available in Oceanfront homes, Beachblock, Bayfront and others.There are condos.available too.
Nancy M. Alexander CRS,GRI ,e-PRO


http://Nancy@NancyMAlexander.com
http://StoneHarborRealtor.com
call me ....
I love to Talk Real Estate ! 800.708.5792
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

How About a Home Inspection? Do We need one? You Bet!

Just a few short Years ago, home inspections were virtually unheard of in a residential real estate transaction.
Buyers then would rely only on their own judgement of the home and the representations of the seller's real estate agent. Today it is a different ballgame. Dramatically different!

Included in the Agreement For sale is a clause giving the buyer the right to order one or more professional home inspections before completing the purchase.


Your Realtor will recommend several well-qualified home inspectors. The tricky part is selecting the best candidates among the group. Here are seven points to consider:

1. Qualifications. Ask open-ended questions about the inspector's training and experience as it relates to home inspections. The inspector should have some training in construction and building maintenance standards and a track-record of experience in the home inspection business. Depending on the location and age of the home, you may need to hire an inspector who's qualified to deal with asbestos, lead-based paint or other potentially hazardous substances. In some cases you may also require a structural engineer.

2. Exactly What Is Covered in This Inspection? Make sure up front what is and is not covered in the inspection Ask the inspector which parts of the property are and are not - included in the inspection. Will this inspector check out the roof? How about the swimming pool? How about the built- in appliances?
A bay front property will need a separate inspection for the bulkhead.

3. Ask to see a sample of the report. Ask the inspector to provide a sample of his checklist or inspection report. Will his report include a narrative description or just check-off boxes? Is the information presented and explained clearly and completely? Does the report highlight and summarize any problems that could present a safety hazard?

4. References. Request names and telephone numbers of several homeowners who have used his services. Call those people . Wouldn’t be a bad idea to talk to some people who have owned their home for a few months or longer. Some problems overlooked by an inspection can take a while to surface.


5. Qualifications. Is he licensed? Many good inspectors don't belong to a national or state association of home inspectors. However, all else being equal, an association membership is a plus. These groups provide their members with training and certification programs and up-to-date information about industry practices and inspection standards.

6. What happen If he misses something? Even top-notch inspectors are only human and can make errors or overlook problems they probably should have noticed. What is the company's policy in such situations? Does the company have insurance for errors and omissions? Will the inspector or his company stand behind the report? Many companies ask customers to sign a waiver limiting the company's liability to the cost of the inspection.
7. An excellent idea is a pre-listing home inspection. Talk to your sellers about the value of a thorough evaluation by a professional inspector to help get a property into tip-top shape. It’s tempting for owners to assume that they know everything about a home’s condition. But even sellers in a house for 25 years may not realize they’ve been living with a dangerous electrical outlet or plumbing leaks. Taking care of problems early offers a competitive edge.



Hope this information is helpful to you! If you have any questions, or need more information, please e-mail me at http://Nancy@NancyMAlexander.com
call me...... I Love To Talk Real Estate!
800.708.5792
Nancy M. Alexander CRS,GRI ,e-PRO

http://Nancy@NancyMAlexander.com
http://NancyMAlexander.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

How is the Stone Harbor and Avalon Real Estate Market? Here are MLS Facts March 2008

Stone Harbor Real Estate Market Snapshot as of March 19, 2008
There are now 124 single family homes for sale with an average list price of $2,392,192 and Currently the Average Time these homes have been on the market is 208 days

Currently, there are 7 single family homes now under agreement ranging from $989,000 to $3,795,000
.
An additional 8 Properties have SOLD and Settled since 1/1/2008 for prices as low as $898,000 and all the way up to a whopping $8,500,000.

There are 73 Condos now for sale in Stone Harbor ranging in price from $225,000 to $1,899,000.

There are now four Condos UNDER CONTRACT in Stone Harbor. These range in price from $399,000 to $1,150,000
Two Condos have SOLD since 1/1/2008.One sold for $495,000 and one for $500,000

Avalon Real Estate Market Snapshot as of March 19, 2008


There are 93 single family homes for sale right now ranging in price from $815,000 to $6,499,000.

There are now 17 single family homes in Avalon UNDER CONTRACT ranging in price from $779,000 to $4,750,000.
20 Single family homes have SOLD since 1 /1 /2008 with sold prices ranging from $457,000 to the highest price sale at $3,200,000.

There are now 139 condominiums for sale in Avalon. These range in price from $185,000 to $2,495,000
There are now 10 condos UNDER CONTRACT since 1/1/2008.

4 Condos have SOLD since 1/1 /2008 ranging in price from $850,000 to $1,650,000


Call me......I love to talk Real Estate!
Nancy M. Alexander CRS, GRI ,e-PRO
Direct:800.708.5792
Cell:609.425.7521
http://Nancy@NancyMAlexander.com
www.NancyMAlexander.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

Alert To FSBO Sellers. You Need To Read This!

Just Read Article from NAR showing What it Costs to Sell Without a REALTOR®
The National Association of REALTORS® (NAR) says it's $31,800.
This NAR report cites that the average seller who uses a real estate professional makes 16 percent more or an average of $31,800 on the sale of their home than do sellers who go it alone.

When I read this,I remembered a great report I had read a while back which listed all the things we Realtors do to get to the settlement table and earn that commission.
Sellers need to see the value of a Realtor.This report spells it out.
Here is the excellent report prepared by Orlando Regional Realtor Association that will show you all the reasons you really should be using a Realtor! Tear up your FSBO sign and go call your Realtor now!

Critical Role of the Realtor®in the Real Estate Transaction.
Why Was This List Prepared?
Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR®
provides during the course of a real estate transaction.
At the same time, regrettably, REALTORS® have generally assumed that the expertise, professional
knowledge and just plain hard work that go into bringing about a successful transaction were understood
and appreciated.
Many of the most important services and steps are performed behind the scenes by either the REALTOR®
or the brokerage staff and traditionally have been viewed simply as part of their professional responsibilities
to the client. But, without them, the transaction could be placed in jeopardy.
This publication seeks to close that gap.
Listed on the following pages are nearly 200 typical actions, research steps, processes and review stages
necessary for a successful residential real estate transaction and normally provided by a full service real
estate brokerage and for which they are entitled to fair compensation.
Comprehensiveness
The list is by no means an attempt to set forth a complete list of services as these may vary within each
brokerage and each market. Many REALTORS® routinely provide a wide variety of additional services that
are as varied as the nature of each transaction.
By the same token, some transactions may not require some of these steps to be equally successful.
However, most would agree that given the unexpected complications that can arise, it’s far better to know
about a step and make an intelligent, informed decision to skip it, than to not know the possibility even
existed.
The REALTOR® Commitment
Through it all, the personal and professional commitment of the REALTOR® is to ensure that a seller and
buyer are brought together in an agreement that provides each with a “win” that is fair and equitable.
The motivation is easy to understand. For most full-service brokerages, they receive no compensation
unless and until the sale closes.
By contrast, there are firms that offer “limited services” in exchange for an up-front flat fee, or perhaps offer
a menu of pay-as-you-go or “a la’ carte” options. Some even offer a sliding scale ranging from limited to full
service. In these cases, the compensation of the REALTOR® is based on these reduced service levels
with the seller bearing full responsibility for all the other steps and procedures in the selling process. In
short, the marketplace truism is that “you get what you pay for.”
A Variety of Choices
The variety of brokerage business models in today’s real estate industry affords the homeowner a greater
range of options than ever before.
But no matter which option is chosen, before signing a Listing Agreement or otherwise engaging the
services of a REALTOR® and agreeing to compensate them, homeowners should understand exactly what
services will, or will not, be provided.
Why Use A REALTOR®?
Not every real estate agent or broker is a REALTOR®. That term and the familiar Block “R” logo are
trademarked by the National Association of REALTORS® and can only be used by those are REALTOR®
members through their local association of REALTORS®.
While all REALTORS® are state-issued licensees as agents or brokers, the major difference between a “real
estate licensee” and a REALTOR® is that REALTORS® have taken an oath to subscribe to a stringent,
enforceable Code of Ethics with Standards of Practice that promote the fair, ethical and honest treatment of
all parties in a transaction. Non-member licensees have taken no such oath and are not morally bound to
the ethical practices and principles set for in the REALTOR® Code.
For that extra measure of peace of mind, ensure the individual seeking to represent you is both a real estate
licensee and a REALTOR®. Visit the Orlando Regional REALTOR® Association’s website, orlrealtor.com,
for a searchable list of our REALTOR® members.
The Critical Role of the REALTOR®
Listed here are nearly 200 typical actions, research steps, procedures, processes and review stages in a
successful residential real estate transaction that are normally provided by full service real estate
brokerages in return for their sales commission. Depending on the transaction, some may take minutes,
hours, or even days to complete, while some may not be needed.
More importantly, they reflect the level of skill, knowledge and attention to detail required in today’s real
estate transaction, underscoring the importance of having help and guidance from someone who fully
understands the process – a REALTOR®.
And never forget that REALTORS® are pledged to uphold the stringent, enforceable tenets of the
REALTOR® Code of Ethics in their professional dealings with the public. Not every real estate licensee
holds REALTOR® membership. Make sure yours does!
Pre-Listing Activities
1 Make appointment with seller for listing presentation
2 Send seller a written or e-mail confirmation of listing appointment and call to confirm
3 Review pre-appointment questions
4 Research all comparable currently listed properties
5 Research sales activity for past 18 months from MLS and public records databases
6 Research "Average Days on Market" for this property of this type, price range and location
7 Download and review property tax roll information
8 Prepare "Comparable Market Analysis" (CMA) to establish fair market value
9 Obtain copy of subdivision plat/complex lay-out
10 Research property's ownership & deed type
11 Research property's public record information for lot size & dimensions
12 Research and verify legal description
13 Research property's land use coding and deed restrictions
14 Research property's current use and zoning
15 Verify legal names of owner(s) in county's public property records
16 Prepare listing presentation package with above materials
17 Perform exterior "Curb Appeal Assessment" of subject property
18 Compile and assemble formal file on property
19 Confirm current public schools and explain impact of schools on market value
20 Review listing appointment checklist to ensure all steps and actions have been completed
Listing Appointment Presentation
21 Give seller an overview of current market conditions and projections
22 Review agent's and company's credentials and accomplishments in the market
23 Present company's profile and position or "niche" in the marketplace
24 Present CMA Results To Seller, including Comparables, Solds, Current Listings & Expireds
25 Offer pricing strategy based on professional judgment and interpretation of current market conditions
26 Discuss Goals With Seller To Market Effectively
27 Explain market power and benefits of Multiple Listing Service
28 Explain market power of web marketing, IDX and REALTOR.com
29 Explain the work the brokerage and agent do "behind the scenes" and agent's availability on
weekends
30 Explain agent's role in taking calls to screen for qualified buyers and protect seller from curiosity
seekers
31 Present and discuss strategic master marketing plan
32 Explain different agency relationships and determine seller's preference
33 Review and explain all clauses in Listing Contract & Addendum and obtain seller's signature
Once Property is Under Listing Agreement
34 Review current title information
35 Measure overall and heated square footage
36 Measure interior room sizes
37 Confirm lot size via owner's copy of certified survey, if available
38 Note any and all unrecorded property lines, agreements, easements
39 Obtain house plans, if applicable and available
40 Review house plans and make copy
41 Order plat map for retention in property's listing file
42 Prepare showing instructions for buyers' agents and agree on showing time window with seller
43 Obtain current mortgage loan(s) information: companies and & loan account numbers
44 Verify current loan information with lender(s)
45 Check assumability of loan(s) and any special requirements
46 Discuss possible buyer financing alternatives and options with seller
47 Review current appraisal if available
48 Identify Home Owner Association manager if applicable
49 Verify Home Owner Association Fees with manager - mandatory or optional and current annual fee
50 Order copy of Homeowner Association bylaws, if applicable
51 Research electricity availability and supplier's name and phone number
52 Calculate average utility usage from last 12 months of bills
53 Research and verify city sewer/septic tank system
54 Water System: Calculate average water fees or rates from last 12 months of bills )
55 Well Water: Confirm well status, depth and output from Well Report
56 Natural Gas: Research/verify availability and supplier's name and phone number
57 Verify security system, current term of service and whether owned or leased
58 Verify if seller has transferable Termite Bond
59 Ascertain need for lead-based paint disclosure
60 Prepare detailed list of property amenities and assess market impact
61 Prepare detailed list of property's "Inclusions & Conveyances with Sale"
62 Compile list of completed repairs and maintenance items
63 Send "Vacancy Checklist" to seller if property is vacant
64 Explain benefits of Home Owner Warranty to seller
65 Assist sellers with completion and submission of Home Owner Warranty Application
66 When received, place Home Owner Warranty in property file for conveyance at time of sale
67 Have extra key made for lockbox
68 Verify if property has rental units involved. And if so:
69 𐂃 Make copies of all leases for retention in listing file
70 𐂃 Verify all rents & deposits
71 𐂃 Inform tenants of listing and discuss how showings will be handled
72 Arrange for installation of yard sign
73 Assist seller with completion of Seller's Disclosure form
74 "New Listing Checklist" Completed
75 Review results of Curb Appeal Assessment with seller and provide suggestions to improve salability
76 Review results of Interior Décor Assessment and suggest changes to shorten time on market
77 Load listing into transaction management software program
Entering Property in Multiple Listing Service Database
78 Prepare MLS Profile Sheet -- Agents is responsible for "quality control" and accuracy of listing data
79 Enter property data from Profile Sheet into MLS Listing Database
80 Proofread MLS database listing for accuracy - including proper placement in mapping function
81 Add property to company's Active Listings list
82 Provide seller with signed copies of Listing Agreement and MLS Profile Sheet Data Form within 48
hours
83 Take additional photos for upload into MLS and use in flyers. Discuss efficacy of panoramic
photography
Marketing The Listing
84 Create print and Internet ads with seller's input
85 Coordinate showings with owners, tenants, and other Realtors®. Return all calls - weekends
included
86 Install electronic lock box if authorized by owner. Program with agreed-upon showing time windows
87 Prepare mailing and contact list
88 Generate mail-merge letters to contact list
89 Order “Just Listed” labels & reports
90 Prepare flyers & feedback faxes
91 Review comparable MLS listings regularly to ensure property remains competitive in price, terms,
conditions and availability
92 Prepare property marketing brochure for seller's review
93 Arrange for printing or copying of supply of marketing brochures or fliers
94 Place marketing brochures in all company agent mail boxes
95 Upload listing to company and agent Internet site, if applicable
96 Mail Out "Just Listed" notice to all neighborhood residents
97 Advise Network Referral Program of listing
98 Provide marketing data to buyers coming through international relocation networks
99 Provide marketing data to buyers coming from referral network
100 Provide "Special Feature" cards for marketing, if applicable
101 Submit ads to company's participating Internet real estate sites
102 Price changes conveyed promptly to all Internet groups
103 Reprint/supply brochures promptly as needed
104 Loan information reviewed and updated in MLS as required
105 Feedback e-mails/faxes sent to buyers' agents after showings
106 Review weekly Market Study
107 Discuss feedback from showing agents with seller to determine if changes will accelerate the sale
108 Place regular weekly update calls to seller to discuss marketing & pricing
109 Promptly enter price changes in MLS listing database
The Offer and Contract
109 Receive and review all Offer to Purchase contracts submitted by buyers or buyers' agents.
110 Evaluate offer(s) and prepare a "net sheet" on each for the owner for comparison purposes
111 Counsel seller on offers. Explain merits and weakness of each component of each offer
112 Contact buyers' agents to review buyer's qualifications and discuss offer
113 Fax/deliver Seller's Disclosure to buyer's agent or buyer upon request and prior to offer if possible
114 Confirm buyer is pre-qualified by calling Loan Officer
115 Obtain pre-qualification letter on buyer from Loan Officer
116 Negotiate all offers on seller's behalf, setting time limit for loan approval and closing date
117 Prepare and convey any counteroffers, acceptance or amendments to buyer's agent
118 Fax copies of contract and all addendums to closing attorney or title company
119 When Offer to Purchase Contract is accepted and signed by seller, deliver to buyer's agent
120 Record and promptly deposit buyer's earnest money in escrow account.
121 Disseminate "Under-Contract Showing Restrictions" as seller requests
122 Deliver copies of fully signed Offer to Purchase contract to seller
123 Fax/deliver copies of Offer to Purchase contract to Selling Agent
133 Fax copies of Offer to Purchase contract to lender
124 Provide copies of signed Offer to Purchase contract for office file
125 Advise seller in handling additional offers to purchase submitted between contract and closing
126 Change status in MLS to "Sale Pending"
127 Update transaction management program to show "Sale Pending"
128 Review buyer's credit report results -- Advise seller of worst and best case scenarios
129 Provide credit report information to seller if property will be seller-financed
130 Assist buyer with obtaining financing, if applicable and follow-up as necessary
131 Coordinate with lender on Discount Points being locked in with dates
132 Deliver unrecorded property information to buyer
133 Order septic system inspection, if applicable
134 Receive and review septic system report and assess any possible impact on sale
135 Deliver copy of septic system inspection report lender & buyer
136 Deliver Well Flow Test Report copies to lender & buyer and property listing file
137 Verify termite inspection ordered
138 Verify mold inspection ordered, if required
Tracking the Loan Process
139 Confirm Verifications Of Deposit & Buyer's Employment Have Been Returned
140 Follow Loan Processing Through To The Underwriter
141 Add lender and other vendors to transaction management program so agents, buyer and seller can
track progress of sale
142 Contact lender weekly to ensure processing is on track
143 Relay final approval of buyer's loan application to seller
Home Inspection
144 Coordinate buyer's professional home inspection with seller
145 Review home inspector's report
146 Enter completion into transaction management tracking software program
147 Explain seller's responsibilities with respect to loan limits and interpret any clauses in the contract
148 Ensure seller's compliance with Home Inspection Clause requirements
149 Recommend or assist seller with identifying and negotiating with trustworthy contractors to perform
any required repairs
150 Negotiate payment and oversee completion of all required repairs on seller's behalf, if needed
The Appraisal
151 Schedule Appraisal
154 Provide comparable sales used in market pricing to Appraiser
152 Follow-Up On Appraisal
151 Enter completion into transaction management program
153 Assist seller in questioning appraisal report if it seems too low
Closing Preparations and Duties
154 Contract Is Signed By All Parties
155 Coordinate closing process with buyer's agent and lender
156 Update closing forms & files
157 Ensure all parties have all forms and information needed to close the sale
158 Select location where closing will be held
159 Confirm closing date and time and notify all parties
160 Assist in solving any title problems (boundary disputes, easements, etc) or in obtaining Death
Certificates
161 Work with buyer's agent in scheduling and conducting buyer's Final Walk-Thru prior to closing
172 Research all tax, HOA, utility and other applicable prorations
162 Request final closing figures from closing agent (attorney or title company)
163 Receive & carefully review closing figures to ensure accuracy of preparation
164 Forward verified closing figures to buyer's agent
165 Request copy of closing documents from closing agent
166 Confirm buyer and buyer's agent have received title insurance commitment
167 Provide "Home Owners Warranty" for availability at closing
168 Review all closing documents carefully for errors
169 Forward closing documents to absentee seller as requested
170 Review documents with closing agent (attorney)
171 Provide earnest money deposit check from escrow account to closing agent
173 Coordinate this closing with seller's next purchase and resolve any timing problems
174 Have a "no surprises" closing so that seller receives a net proceeds check at closing
175 Refer sellers to one of the best agents at their destination, if applicable
176 Change MLS status to Sold. Enter sale date, price, selling broker and agent's ID numbers, etc.
177 Close out listing in transaction management program
Follow Up After Closing
178 Answer questions about filing claims with Home Owner Warranty company if requested
179 Attempt to clarify and resolve any conflicts about repairs if buyer is not satisfied
180 Respond to any follow-up calls and provide any additional information required from office files

Direct:800.708.5792
Nancy@NancyMAlexander.com
http://StoneHarborRealtor.com