Homeowners’ newsletter 101. (part II)

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3. Newsletters are meant to be read and so, you have to produce something that is in fact “readable”. Let’s start off with the headline of the newsletter. The headline must be catchy. Readers won’t actually take notice of “Board passes new budget”. But, “Board raises fees” will surely catch their attention. Or perhaps, you can be a little more creative than that and so, you can try movie titles are your headlines.
4. The stories in your newsletter should include (better if it is highlighted) the basics such as who, what, when, where and why. If for example, the newsletter includes a new policy that will be enforced next week, you have to explain the reason for its enforcement.

Photo taken from http://www.swedesurvey.se

Homeowners’ newsletter 101. (part I)

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If you have been living in a subdivision or a condo, you have to know that the homeowners association is the most important body that will represent the people living in that area. This group conducts meetings every now and then to discuss the concerns of the residents. Some homeowners associations do give out newsletters to update their fellow residents of the new policies that will be implemented in the area, and so, here are the basics of the newsletters that the person should see.

1. If you are planning on putting articles on your newsletter, you have to keep it short. Only a few have the time to read all these long letters and your newsletter might end up in the bin after the person saw it was way too long to read. You might also want to write everything in bullet form for easy scanning.
2. There are a lot of things you can do with your newsletter. You can include a section devoted to new projects, the profile of the board committee, or even a promotion of the events in your neighborhood. You can even put up a “new members” section so that the whole neighborhood can welcome the newcomers.

Photo taken from http://www.thetennischannel.com

Still hitting the bottom.

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With the economic downfall, it is a fact that the prices of houses have been hit rock bottom for the past months and the prices of goods and commodities have skyrocketed, making almost everyone a pauper in their own respect. Goods have recorded a total of 1.4% increase last month while home prices still continue to decline. The stock market too had a hard hit, losing trillions and trillions of money. The record last year of home prices was down to 4.6 percent from April 2007 – April 2008. According to housing reports, the prices of houses is still continuing to decline, however, the rapidity of the decline is slowing, which of course is a sign that housing prices are nearing dirt bottom.

Photo taken from http://blogs.venturacountystar.com

Fractional ownership proves to be beneficial.

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The economic stability being experienced in the U.S. today is troubling not only the poverty stricken population but also those who belong to the middle class strata. Houses and condos have tripled its prices and not everyone can afford it anymore. A lot of foreclosures are happening every minute because people cannot pay off their mortgage. However, there are a lot of people who seem to be a little wiser. Some of them have engaged in what we call “fractional ownership”, a kind of investment that allows those who cannot afford to pull up their monies and pay up for the price of the house. Luxury houses are actually the target of those who engage in fractional ownership as these types of houses are a good investment.

Photo taken from http://www.efip.co.uk

MSN’s little solution.

For the 28th month in a row, filings for foreclosure increased and mortgage issues are well expected to carry on into the next year. But experts from MSN say that if it plummets this fast, then recovery will be faster than expected. More than half a million homes were either in the process of foreclosure or were foreclosed. Now, talk about a million families who spent the first quarter homeless.

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MSN placed in their website a Home Affordability Calculator wherein you could input your personal finances on the blank spaces and MSN could calculate the house that your budget can permit. Might as well check it out as it might help you.

Photo taken from http://www.mmchost.net

See-saw.

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New York City, the plushest state in the US, has once again made the headlines; and this one’s no different than the previous ones.

Homes were 28% more expensive than the earlier reports and the results? Sales plummeted to about 22%. Unbelievably, the typical price of houses in Manhattan sky rockets to $1.6 million and obviously, the average Joe can’t afford it. More so with co-ops and condominiums as they rose to about 96% with the average cost being $2.1 million.

New Yorkers both have mixed emotions about it. They wouldn’t know if they should feel happy that the market value of their houses are increasing per annum, or quite worried as to how will it be in the future.

Photo taken from http://propertysmarty.com

Fence-sitters.

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Naturally, when you buy something in the market (no, I’m not referring to the grocery store near you, but the bigger market), it’s called an investment. When you’re investing on something, it actually calls for luck since it only has two to ways to go: up or down. Just like the stocks, real estate can be unpredictable. The prices and market values five years ago may not be the same as what is today.

Nevertheless, however stumping the economy of the country is, real estate will never fall rock-bottom. Why? Well, there’s what we call government intervention. The government does its best to revive the economy, proposing different kinds of Bills and switching targets, for things to get better.

Alison Rogers, a real estate broker, implied in her published letter that, of all the types of people she hates, the fence-sitters are included in her top 10. Fence-sitters are those who wait for the market value of something to plummet 50% (or below) than its original. Sadly, these people do not know what that entails and I am pretty sure they won’t get their houses anyway since this will never happen (not in their lifetime!).

Photo taken from http://www.duplexman.com

Nevada leads the race–down.

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Ironically, the state that focuses on gambling as its main tourist attraction is the state that currently has the largest number of foreclosed properties in the past month all over the United States. RealtyTrac said that in every 139 houses, 1 house is either listed as foreclosed or is in the process of being foreclosed. Looking under the lenses of macro statistics, it shows that the foreclosure rate of houses in the United States was up by 5% from February to March. But apart from Nevada, states like Georgia, Ohio, Massachusetts, Michigan and Maryland seem to follow the same trend.

Photo taken from http://www.lisavasa.com

An agency on MySpace? You’ve got to be kidding me.

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In this world, all you need is creativity and determination. This saying is applicable indeed to Chase Nation, one of the premier agency companies in the real estate world.

So what is up with Chase Nation? Recently, Chase Nation took advantage of the internet in a whole lot manner: they joined a popular social networking site called MySpace. Yes, the ever-growing and ever-popular MySpace. MySpace claims that they have over a hundred million users and Chase Nation thought that they might as well capitalize on that user count. Chase Nation said that the reason why they signed up on MySpace was for the agent to easily hook up with users (the interested parties I guess).

Photo taken from http://chasenation.ning.com

When third party websites are more popular…

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There has been a sudden growth of online real estate websites on the internet during the past years. Since then, official websites of realty agencies serve as mini portals to house seekers who wish to do their enquiries online. However, there are certain circumstances wherein third party websites are more popular than the official ones.

This is what exactly happened in Minneapolis. The solution of the official website realtors? Simple. They plan to disseminate their listings on the different popular real estate website picks such as Zillow. Zillow allows live tracking and feeding of news information & postings to the different respective subscribers. With this, Minneapolis realtors hope to reach more buyers and in effect, boost their sales.

Photo taken from http://inventorspot.com

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