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Managing Leads by David Knox

Posted on February 8th, 2010 by admin in first tuesday realestate | No Comments »

Edition #22 ~ http://www.realestatetrainingbydavidknox.com FREE First Tuesday Monthly Sales Meeting hosted by Real Estate Expert David Knox. In car racing, there’s a phrase that refers to passing for position: “Catching it is one thing, passing it is another.” Well, in sales, getting the lead is one thing, converting it is another. KFT22 will focus on how to respond, qualify, secure prospect information and follow up to final resolution. You’ll gain the skills to maximize the return from your prospecting efforts.
The first half of this video is available for free to our public subscribers on YouTube.

Duration : 0:10:11

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This Month In Real Estate (US): December 2009

Posted on January 21st, 2010 by admin in first american realestate | No Comments »

Hello and welcome to This Month in Real Estate. Im Jay Papasan.

The First Time Homebuyer Tax Credit has been extended and expanded, and the details can be found in our most recent special edition.

For December, we take a look at the results the incentive had on stimulating home sales since 2008.

According to the IRS, about 1.4 million people have taken advantage of the first time homebuyer tax credit.

Not surprisingly, California ranks number one with the number of people filing a claim for the tax credit, while Alaska and Wyoming are among the states with the fewest number of claims.

But those numbers dont tell the whole story. For more, we go to Bryon Ellington. Bryon?
Bryon: Thanks, Jay.

According to the Internal Revenue Service, every state in the Union has participated in the First Time Home Buyer Tax Credit.

If we look at the results according to the total number of claims, heres how the rankings shake out:

California is number one with more than 160 thousand tax payers taking advantage of the first time home buyer tax credit.

Texas is number two with over 131 thousand.

And Florida is number three with over 105 thousand.

But when we look at the data in terms of per capita claims, or the percentage of folks in each state who took advantage of the tax credit, we get radically different results.

Heres a look at the top three in terms of per capita participation in the tax credit

Nevada is in the number one position with more than 20 thousand claims out of a population of 2.6 million.

Utah is in the number two position with over 17 thousand claims out of a population of 2.7 million.

And Arizona is in the third position with over 38 thousand claims out of a population of 6.5 million.

Whats more, we find Alaska moving from near the bottom of the rankings to number 26 above California! And Wyoming, the least populated state in the U.S., moves to number 16. Thats just a bit behind Texas in terms of per capita tax payer participation.

Back to you, Jay

Jay: Thanks, Bryon. Thats it for This Month in Real Estate. Thank you for joining us.

Duration : 0:3:6

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Property Line Today 9 26seg3 1

Posted on January 21st, 2010 by admin in first american realestate solutions | No Comments »

Join Jon and Doug as they answer your questions on a Live Radio show on KBOI. This weeks guests are Charlie Nate from Idaho Data Providers, Dan Secord from First American Home Warranty and Todd McGiverin from ECOhome Solutions

Duration : 0:5:55

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Property Line Today 9 26seg1 1

Posted on January 13th, 2010 by admin in first american realestate solutions | No Comments »

Duration : 0:5:22

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David Ristine: First-Class Austin Real Estate Realtor® at Realty Austin in Austin, Texas

Posted on January 13th, 2010 by admin in first class realestate | No Comments »

To read more about David, visit his Realty Austin online profile at: http://www.realtyaustin.com

Residential real estate has been the center of David’s career his entire adult life. Born and raised on a family farm in Central Nebraska, he credits his strong work ethic to his farming experiences during his formative years. David has been a resident of Austin for the past 22 years, and a Real Estate Broker for nearly three decades. In his free time he enjoys attending UT football and basketball games, an occasional game of golf, and spending time with his wife, Susan.

David has extensive experience in new home sales in the Austin market. His time spent as Vice President of Sales for a large residential homebuilder developed his widespread knowledge about communities throughout the Austin area. His clients find his knowledge of how building techniques, combined with the wide range of quality standards impact the value of each home, all of which are exceptionally helpful in the selection process for their most important investment.

Communication is the key to finding the perfect home for his clients. David’s expertise, coupled with his genuine commitment to his clients provides a relaxing stress free relationship that makes buying or selling a home the satisfying experience you deserve.

David is a member of The Institute for Luxury Home Marketing and holds the designation of Certified Luxury Home Marketing Specialist. His success in the million dollars and above market has qualified him as a member of the institutes Million Dollar Guild.

Get in touch with David by visiting his agent profile page here: http://www.realtyaustin.com/agents/David-Ristine.php

Duration : 0:1:10

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First Time Home Buyer Tax Credit Program, FHA Mortgage, Fixed Interest Rate Loan

Posted on January 13th, 2010 by admin in first rate realestate | No Comments »

$8000 Tax Credit for First Time Home Buyers with Low Down Payment. Lender Finance Program with Low Payment and Fixed Interest Rate on FHA Mortgage and Government Assistance. Go To http://RealEstateMarketingThisWeek.com

Part 8 (Excerpt)

Analyzing tax returns for self employed and small business owners; Use a Mortgage Planning Expert

Credit scores now are a major factor with interest rates. You see the liars up on the internet with interest rates being at 4.625% and all this kind of hocus pocus, its not true. You are never going to qualify for that rate today. They are going to lie to you, once you sign and see the fine print you are going to realize that it is a ridiculous idea to pay that amount of money in fees.

Credit scores have to be significantly higher than they used to, but again I have to tell you, its my opinions that a 70% no doc loan with someone who has a 720 or higher credit score I believe is a good loan. I personally believe that at some point it will be brought back.

I am not arguing with that, with a good FICO score I can agree with a 20% down for a stated income loan. People are encouraged through our tax system to write off all of their expenses and so often we have small business people who really are making money but because they take advantage of our tax system they are not able to get a loan. They cant qualify based upon their income.

In a lot of cases yes, but once again I definitely want to point his out just because someone is self employed and owns a small business and they do write everything off, that does not mean that they will not qualify. They may have been told now that they have to go stated income because of tax returns, but most people, the small business owner, the consumer doesnt know how to analyze his taxes, whether or not he is going to qualify for financing thats not his area.

Most CPAs dont even know how to analyze taxes to extrapolate enough income back out where we can use it as income, so just because a person is self employed does not mean that they cant qualify for financing and honestly nothing could be further from the truth. Plenty of people self employed, small business owners will qualify using their tax returns.

I think that anyone right now who doesnt own a home should be giving you a call getting pre-qualified. If nothing else give you a call and see what you can do. So you say, I wrote off a bunch of stuff last year and I am not going to be able to buy a house well maybe you can. But get in there, have a professional, have someone who knows what to do, whos been in the business for 15 years, have them take a look at it and decide whether or not you can really get that loan.

One of the things with my mortgage education; I am a certified mortgage planner. I am a certified mortgage analyst and a certified mortgage planning specialist. The significant part of that training and those certificates is in analyzing complex tax returns and we analyze complicated tax returns for professional athletes, for professional musicians, all the time. There is income always, it is just a matter of knowing how to get all of it out there. So I think we have kind of hit that.

So yes if you dont own a home today and you have been told NO, you need to find out if the person who told you no is qualified to tell you no, #1, and #2, less than 15% of the lenders in Arizona are qualified to do FHA loans. Those are the loans we are talking about, $100 down to buy a HUD-home, less than 3.5% down to buy a house with the best interest rates that we have seen in my career, its crazy not to look at your options.

If a lender does tell you no, it would be like going to a doctor and he says you have to have your arm amputated because you have a pimple on it. I think you are going to go get a second opinion, maybe even a third. To make sure you dont have to have it cut off. And that is exactly what we have here, if you go to a lender and he says, Well you are going to have to put down 20% you know he is not an FHA lender. So run out of there and call Michael at Velocity Financial and get yourself pre qualified.

Dan Havey, you have a great website, its called http://discountdreamhome.com and why dont you talk real quick about that. Its real simple, if you are looking to buy a foreclosed home, and as we discussed earlier they are many times the best homes to buy right now, they are vacant, they obviously have a highly motivated seller. You dont have to deal with all the troubles you would have to deal with from a regular or as we refer to them, an organic seller, because a lot of these people are upside down.

Duration : 0:7:49

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This Month In Real Estate (US): June 2009

Posted on December 26th, 2009 by admin in first american realestate | No Comments »

Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to provide real information on real estate.