Home loans...

Home loans are very common in real estate due to the amount of expenses we have in our modern world and a call on our limited resources. However, we have recently seen homes being purchased with cash, but it is still not the overwhelming amount of homes sold compared to mortgages.This knowledge has gotten me thinking about what most people don't know about home loans and the companies that sell them. That is right a company is willing to sell you a loan, they are not family that is not expecting a rate or return for putting up the money to buy your house. What follows are my opinions good and bad about the type of home loan comapanies.

I have been both a home buyer and realtor and what I have learned is this... just like buying from a local retailer buying from a local lender can be more expensive or have other negatives. Sometimes the local company is perceived as where the wealthy go to bank, thus keeping the vast majority of home buyers from seeking to purchase a home loan from them. There are also stories of them only lending to the wealthy, when in reality it is the people that have higher credit scores. Having a higher credit score only means that you were responsible with your money, not that you are wealthy. Finally they have limited hours that you can reach someone...well that is true just about anywhere that you are seeking sales or service. The best thing I have to say about local lending institutions is this only a handful of people working for you to get the loan processed. If you have questions you know whom to call and when they will answer or return your call.

With large scale lenders; i.e. Quicken, Bank of America, and others you are still buying a loan, but you may have many people working on you loan. More people generally make more of a mess, leaving you the buyer of the loan looking for service. These companies lack service, so do many of the large retailers in America, however they are normally more willing to work with good or even poor credit. Really like everything in life you get what you pay for.

Memorial Day...

I am a Mission First Realtor, I took my tag line from the ideas I learned while in service of the United States. It is the first line of the soldiers creed, and I thought that it was fitting way to describe my business style; I now find myself having to describe my mission statement more and more now. I am proud of my service I left honorably and have attempted to achieve even greater success in the private sector. However, I know that tomorrow as I work or meet people they are going to thank me for my service.

While I am happy to know that my brothers, sisters and I are appreciated I have to wonder if people know what the real purpose of Memorial Day is! I assume many people know that it is a day of remembrance and reflection for those that have fought and died in service to their nation. I hope that those people whom are thanking veterans tomorrow for their service are doing so because while they remember the heavy debt bore by many individuals and their family, they are overcome with a feeling of gratitude and happiness that the veteran being thanked made it home safely.

Gratitude is what my Memorial Day will be about! I am grateful to all of those that have paid the ultimate price for our freedom. If you pray please say one for all of my fallen brothers and sisters.

Ypsilanti Home Buyers are Awesome.

So I was in our team meeting this morning where we focus on our goals and how we can strive to be the example of what realtors should be and other team building exercises. We do this like most professions on a weekly basis as a means of attempting to maintain energy and focus of negotiating for people. What was refreshing about today's meeting was the fact that the market is representative of how I feel.

What does that mean? Simple my wife and I were in Ypsilanti a week ago eating a picnic lunch at Riverside Park when I was thinking about how nice it would be for people to invest in Ypsilanti. Have young professionals and adventurous retirees move into the area and rehab the homes, which are selling at a value to the buyer, and revitalize the community.

Well according to the market data and other agents in my office this is already happening! I'm excited for this change because many people, including those in my own family, whom do not live near or in the area have a stereotype in their mind that it is dangerous. Reversing that stereotype is wonderful, especially since it is going to make their home more valuable but also the community more responsive to the needs of the people.

Thank you to all of those people investing blood, sweat, tears and love into Ypsilanti!

So quite a bit has happened since the last time I posted. My cousin and I both walked in commencement ceremonies, she from CMU and myself from Wayne State University. It is an honor to be an alumnus from Wayne State University but as I was sitting in the rows of all of my fellow graduates that are no doubt going on to work somewhere in management, accounting or finance I was thinking why have I chosen to make my career real estate?

The long and short of it is I saw a need! As my professors in entrepreneurship and organizational development used to say when you see a need and you can fill that need you should do it. That is why I am a Realtor, that is why I am a MISSION FIRST REALTOR. As I speak with people in my daily business activities I have seen that many people have been either hurt by an Agent or have been abandoned. That is the need I will fill, my mission is not to make money by using less then ethical techniques but to build a relationship with people. I want to be the most trusted source in real estate, that all of the people I help will think of me as a source of information and help.

When I was sitting in the classes I knew that I wanted to be my own boss. To work hard for something that is needed and that by doing so I can support my family, community and the organizations I believe in. I never thought that I would find real estate to provide all of these things to me. However, now that I have been doing this and have had success I realize that this is what my education was preparing me for and I am happy!

So I have recently read an article about the term "Master Bedroom" disappearing from the real estate landscape. While I don't believe this trend has reached Ann Arbor or Metro Detroit, and I will be honest that I haven't really looked, I am curious as to how this will effect real estate agents.

There are some agents that are having trouble with the speed that is required in today's market. Will this just be another area that perspective clients see their agent as disconnected from the world. I understand why some speculate the shift away is due to gender and other negative connotations of the word "Master" but is it really necessary to change this?

I think I will leave that up to others more politically astute then myself. I however would like to start talking to my clients about something that is slightly more appealing to the ear and the imagination then Master anything. For instance Deluxe Suite, Owner's Suite or Tranquility Center, not sure on that last one, but we use turns of phrase all of the time in marketing. Why not be ahead of the curve in a fast paced real estate market?

So at Keller Williams we believe in what is called a seventh level open house. The long and short of a seventh level is we get a complete interaction of our sphere of influence by using social media outlets, signage, canvassing neighborhoods and word of mouth from those within our influence.

My last open house fell a bit short on that goal to have a well marketed and received showing of a property. I could use excuses about how it was not my listing or my time frame but really I could have accomplished this goal in any time frame had I been prepared to do an open house. I did not have any systems in place to easily handle the short notice and I could have gone into the property prior to the open house. I didn't so I did not have the results I desired like having people waiting to open the house on Sunday.

I have learned much from this and now I have systems in place to capitalize when I have the opportunity to open a house for a client or another agent. I have my marketing materials ready to go, which include door hangers as to not intrude into the neighbors day but still inform them about what is going on. I also have a template for the information to give perspective buyers and those folks that may not be in the market but just like to view homes in the area.

I hope that soon I will be able to take what I have learned and use it with far better success.

Just to catch up.

Wow I have neglected to post for far to long. Admittedly I have been focusing my energy on trying to let my neighbors in Scio Township know that the market has changed. I want them to know because the housing market is an indicator of the overall economy when people and business are comfortable creating jobs and increasing pay people are more comfortable to invest in real estate.

This means that house prices are on the rise so whether or not someone wants to sell they should know that they could and the could sell quickly. If they do not wish to sell then they should know that they may start having equity in their home again, and by doing simple maintenance projects they could see more from their investment in the future.

Speaking of investing in the future, I am still planning on riding in the Tour De Cure with the proceeds from housing sales that I help negotiate. I think that this healthy activity is investing in my future and that of my neighbors and fellow Michiganders, diabetes is far to common in our community. I will be using my mission first real estate tactics to help the American Diabetes Association to eradicate this disease in my lifetime.