Monday, July 26, 2010

GFCI'S AND AFCI'S, WHATS THE DIFFERENCE AND WHERE ARE THEY REQUIRED?

I have been getting many questions on what is the difference between GFI's (ground fault circuit interrupters)and AFCI's (arc fault circuit interrupters). They are both required in homes but in different areas and do different jobs.


Today hopefully I want to clarify what these devices do and where they are required.





GFCI's look similar to a electrical outlet with two buttons in the middle; a reset button and a test button. They also are installed as circuit breakers in some instances.They detect amperage fluctuations in the circuit in case of a appliance or unit malfunction and shut the circuit down to protect against electrocution.



GFCI's are required to be installed everywhere there is a chance of water present; the kitchen, bathrooms, garage, and exterior outlets. If a laundry room is present with a wash basin it is also required to be GFI protected, as is a wet bar if these areas have a electrical outlets.

If a home was built before GFI's were required it is very simple to upgrade to GFI's by replacing existing electrical outlets with GFI outlets at the owners convenience.



Afci's are a specialized circuit breaker designed to detect arcing in a circuit due to a malfunction in the circuit. AFCI's are a fire safety device that were first only required in bedrooms. Since February 2009 AFCI's are required in ALL living areas that are not GFI protected. That means new homes built after 02-09 must have AFCI's in all living areas like dining rooms, living rooms, parlors, offices, bedroom. Homes built prior to 02-09 are only required to have AFCI's in bedrooms and the owner may upgrade if they so desire.

Wednesday, July 7, 2010

7 Steps For Buying a Short Sale Or Foreclosed Home

7 Steps For Buying a Short Sale Or Foreclosed Home

More people are buying homes and condos. Sales of homes and condos are up 11.4% in the first quarter of 2010 compared to 2009. The reasons are pretty simple - low prices and low interest rates. Short sale and foreclosures are representing over half of all sales in some markets.




Short sales and foreclosures are presenting some truly amazing bargains and getting one of these great deals is what you're after. To get the best deal, it's important to follow some critical steps when buying. This short guide will give you the basics of buying in the current market.



1. Know What You Want



What do you want in a home or condo? How much will you pay? Where do you want to be located? Answer these questions before you get serious. The number of properties available in the short sale and foreclosure markets make this step really important. When you're browsing, this step is not as important, but when you think you are ready to explore buying, you really must define your wants and needs.



2. Know the Market Where You Buy



You need to know the local market and the smaller markets within the broad markets. You can find a lot of information and pricing trends at zillow.com, trulia.com, housevalues.com and many others. These services are great for research, but the information is often a few months behind. More current information is available from an active local real estate agent.



3. Get Your Financing in Order



In many cases these days, we are dealing directly with banks and mortgage companies. When we make an offer on a short sale or foreclosure, financing or proof of funds must be in place.



4. Venture Out



Once you know what you want, it's time to view properties. Viewing properties is a process. You may start with a list of properties that interest you, maybe 5 or 10. You can get that list from different places, but the best list will probably come from your local real estate agent.



You may like a few or none of the properties on the first list. Don't be discouraged, this is part of the process and quite normal. What the best real estate agents will do is ask you questions about each property you view to determine what you like and dislike. The next time you go out, you will be seeing properties based on those criteria. You continue through the process until you find the home or condo that meets your needs. Then you are ready for the offer and negotiations.



5. Make the Offer



How low should I go?



The offer you make will be based on a few main factors:



* How long has the property been on the market?

* Are there other offers?

* Competition in the price range

* Time and Patience

* You



A two bedroom - two bath condo on the beach at a low price may draw competitive bids. If the property is on the market for a few days and has multiple offers, going well below the listed price will probably not work. If the property has been on the market for a long time, going low makes sense. For short sales and foreclosures, you will often wait for weeks or months for an answer from the banks, so patience is needed. You have a better chance of going low with short sales. Once the bank has foreclosed on a property, they set a price they are looking for based on current market.



Know the local sales numbers. In what price range are most of the sales taking place? In some markets, homes and condos selling under $200,000 make up over 75% of the market. If you are making an offer in a hot price range, there may be more competition.



The decision on making an offer on a property is yours and depends upon you more than anything else. A real estate can offer guidance, but you need to make the decision. Let the real estate agent get all the information available on the property and the most recent similar sales and tell you what they think, but you need to make the decision.



6. After Your Offer is Accepted



After the offer is accepted you MUST get an inspection. An inspection is necessary for you to protect yourself. You also need to carefully read to Title Report, especially if additions or modifications were made. Make sure what should have been permitted was properly recorded.



Read the Appraisal Report. You are looking for errors, missing features and anything else that could make the appraised value lower than it should be.



7. Get Help



A good real estate agent should make the process as easy as possible. Find out who the best short sale and foreclosure agents are in your area. The agent should have training and certification and a track record of closing these types of transactions. If you hire a lawyer or accountant, hire the best you can afford. Get the best help you can.



Following these 7 steps can help you get a great deal when buying short sale and foreclosure properties.

Tuesday, June 29, 2010

DFW Events Calendar-July 2010



DFW Events Calendar-July 2010



Now thru Sept. 6, 2010 - Gaylord Texan SummerFest Wonderland Adventure (Grapevine, TX)Gaylord Texan’s SummerFest Wonderland Adventure brings to life author Lewis Carroll’s original vision of the magical place called Wonderland. Guests will enjoy fun-filled exhibits, performances and games for both the young and the young at heart! Journey Down The Rabbit Hole 3-D Black Light Maze, PHOTO with ALICE and the Cheshire Cat, Rock Band Bar Nights, wine and cheese tastings, family dive in movies, fireworks and more. Visit http://www.gaylordhotels.com/ for more information.


Now thru Jul. 18, 2010 – Spring Thoroughbred Horse Racing (Grand Prairie, TX)The horses are ready, are you? Come join us at Lone Star Park in Grand Prairie when the live Spring Thoroughbred Horse Racing begins. For more details, schedules and ticket information, please visit http://www.lonestarpark.com/


Now thru Aug. 28, 2010 – Mesquite Championship Rodeo (Mesquite, TX)Every Friday and Saturday night in 2010 (June 4th – August 28th) thousands of visitors will witness the thrills of the original western sport: the rodeo! We work hard to provide an exciting place where children and adults can be safe and still get close to the action: crazy clowns, brave cowboys, talented cowgirls, fast horses and big bulls. Many of our guests are coming to see their first professional rodeo so you may see people from many nationalities and countries. Families with children can enjoy face painting, cowboy autographs, visit the western store, eat at the BBQ pavillion or experience either a pony ride or petting zoo. The rodeo will open with an exciting new laser show followed by all the rodeo events you’ve come to expect at a championship rodeo: Bull Riding, Saddle Bronc Riding, Bareback Riding, Barrel Racing, Tie-Down Roping, Steer Wrestling, and Team Roping. Visit http://www.mesquiterodeo.com/ for more information.







Jul. 1 - 3, 2010 - 86th Annual 4th of July Celebration & PRCA Rodeo (Belton, TX)Since the early 1900s, Belton has hosted one of the largest Independence Day celebrations and parades in the state. Rodeo Belton kicks off Thursday, July 1st through Saturday July 3rd with performances starting nightly at 7:00 p.m. Yettie Polk Park is located one-fourth of a mile south of Central Avenue at the intersection of Central Avenue and Highway 317 (Main Street). This year's PRCA rodeo will feature Lancaster and Pickett Pro Rodeo Company out of Fairfield, Texas. For more information on the festivities, parade and rodeo visit http://www.rodeobelton.com/


July 3, 2010 - Kaboom Town Fireworks Display (Addison, TX)Come and enjoy Addison’s most explosive party of the year Saturday, July 3, 5:00 p.m. - Midnight The dazzling 30-minute fireworks show is choreographed to music and a live radio simulcast on 100.3 JACK FM. Rated one of the top places to watch fireworks in the country. The nationally-recognized fireworks show can be seen from anywhere in Addison, including the Addison Circle Park watching party, many of Addison’s 170 restaurants, 22 hotels and more. Plus there is great food, live music and the spectacular Cavanaugh Flight Museum Warbird Flyover with live narration on KRLD AM 1080. Stay after the fireworks show for a free movie. Family Fun Activities include rock climbing wall, giant slide, fun inflatables, sand art, massages, an obstacle course and much more. There will be plenty of food and beverage booths at the Addison Circle Park watching party. Admission is free. Addison Circle Park – Bud Light Main Stage, 4970 Addison Circle Drive Addison, Texas Visit http://www.addisontexas.net/ for more details.



July 3, 2010 - Annual Farmers Branch Independence Day Celebration (Farmers Branch, TX)"The Farmers Branch Independence Day Celebration will be held on Saturday, July 3, 2009. at the Farmers Branch Historical Park at 2540 Farmers Branch Lane Gates Open at 7:30 p.m. Free Admission; Low-level Fireworks at Approximately 9:35 p.m. Admission is free. For more information call 972 919-2620 or visit http://www.farmersbranch.info/



July 3, 2010 - Arlington Highlands July 4th Celebration (Arlington, TX)Bring the whole family for an evening of fun and festivities at the Arlington Highlands July 4th Celebration from 7:00 p.m. – 10:00 p.m. with Live Entertainment. About 9:30 p.m. experience a Fireworks Extravaganza. For details, please visit http://www.arlingtonhighlands.com/



July 3, 2010 - Light Up Arlington (Arlington, TX)Plan for an explosive night of entertainment and fireworks when Arlington's annual July 4th fireworks festival moves downtown. Enjoy a night filled with live music, great food and children’s activities topped off with a thrilling fireworks show. There will be two live music stages for your enjoyment. Located to the West of the Levitt Pavilion, the Boomtown Children’s Area will provide kids hours of fun with bounce houses, face painting and carnival games. Arlington Texas celebrates the 4th of July on July 3, 2010 in Downtown Arlington. Visit http://www.arlingtontx.gov/ for more information.


July 3 & 4, 2010 - Lone Stars & Stripes Fireworks Celebration (Grand Prairie, TX)Enjoy two full days of exciting live Thoroughbred racing and fun activities for the whole family including pony rides, a petting zoo, bounce houses, games, clowns, live music and more followed by our 20-minute fireworks spectacular choreographed to music. Gates open early at 3 p.m. each day and the first live race begins at 5 p.m. Details may be found at http://www.lonestarpark.com/


July 3, 2010 - 45th Annual 4th of July Parade (Arlington, TX)The Arlington 4th of July Association would like to welcome you to the largest Independence Day Parade in Texas The parade is an annual event and consists of generally 150 entries. The number of spectators over the years has ranged from of 5,000 to 70,000. Parade entries include marching bands to exotic automobiles, military color guards to clowns, and dignitaries to unique presentations. Of course, the parade has a distinguished assortment of floats. Some floats are professionally built, but many are the proud results of individual ingenuity by local organizations and businesses. There is even an Award Ceremony after the parade at Knapp Heritage Park to recognize excellence within each of several categories. We hope that you will join us for the 45th annual parade on Saturday, July 3rd, at 9:00 a.m., for the 2010 edition of USA's Independence Day Parade in downtown Arlington. For more info, visit http://www.arlington4th.com/


Jul. 3, 2010 - Liberty By The Lake July 4th Celebration (The Colony, TX)Liberty By The Lake is back and better than ever! Bring out the whole family and celebrate America's freedom in The Colony - Texas style! With numerous events throughout the day, there really is something for everyone. The fireworks are scheduled to begin at 9:30 p.m. on July 3rd. Visit http://www.ci.the-colony.tx.us/ for more information.


Jul. 3, 2010 – Fellowship Church Fireworks Show and At the Movies Series (Grapevine, TX)Located at 2450 Hwy 121 N. in Grapevine, TX the Fellowship Church Grapevine Campus is where you can bring out the whole family and celebrate through food, games, and an explosive firework display over the Fellowship Lake! The fireworks are scheduled to begin at dusk following the start of At the Movies! Each weekend throughout July, Fellowship Church is bringing one of the most popular movies of the decades. And woven into each film will be a powerful message by Pastor Ed Young. Visit http://www.fellowshipchurch.com/ for more details and directions.


Jul. 3, 2010 - STAR SPANGLED SPECTACULAR (Garland, TX)Firewheel Town Center will host a full day of family fun activities from 4 p.m. until 9 p.m. on Saturday, July 3. This year’s Main Stage will feature KLTY 94.9 FM “Celebrate Freedom” music artists Anthony Evans and Charmaine. Playing everyone’s favorite hits from the 70s, 80s and 90s will be the great rock n roll sounds of music from The Blind. Ken Savage & The Best Kept Secret will perform their high-energy show that includes classic oldies, rhythm and blues, smooth jazz and other popular hits. The Dallas Jazz Orchestra will perform an inspirational concert and much more. Don’t forget your sunscreen and chairs/blankets. Parking is limited! Patrons should carpool and plan to arrive early! DART will be available. For a schedule and event details, please visit http://www.firewheeltowncenter.com/


Jul. 3, 2010 - 38th Annual 4th of July Fireworks show (Denton, TX)The Denton Kiwanis Club will hold their 38th Annual 4th of July Fireworks show on Saturday July 3 at the University of North Texas Fouts Field. Admission is free, gates open at 5:30 pm with activities for the entire family including bounce houses for the kids, concessions and love music. The fireworks show will begin at dusk. For more information you can visit our website at http://www.dentonkiwanisclub.org/


Jul. 3, 2010 - Quad Cities Family 4th of July Fireworks Celebration (North Richland Hills, TX)The fifth annual Chesapeake Energy Family 4th Fireworks Show presented by the Cities of North Richland Hills, Haltom City, Richland Hills, and the Northeast Chamber of Commerce is right around the corner. This year’s fireworks show will be held on Saturday, July 3rd at The Hills Shopping Center, located at 6351 Boulevard 26. Admission and parking are free. Concessions will be sold. The fireworks will start at 9:30 p.m. and tune into 91.3 FM KDKR to hear patriotic music accompanying the fireworks. No personal fireworks or outdoor grilling is allowed and this is a litter-free, alcohol free family celebration. For any questions regarding the event, please phone 817.281.9376 or visit http://www.nrhtx.com/


Jul. 3, 2010 - City of Frisco’s 8th Annual Frisco Freedom Fest (Frisco, TX)Frisco Freedom Fest at Pizza Hut Park marks its ninth year as the city's premier, signature event! Just like the community, Frisco's July 4th celebration continues to grow! The biggest fireworks extravaganza in North Texas. For more information, please visit http://www.friscofreedomfest.org/



July 4, 2010 - FAIR PARK FOURTH (Dallas, TX) Cancelled due to money concernsFor the fourth year, The Friends of Fair Park hosts a Fourth of July event called Fair Park Fourth. Fair Park Fourth is free and open to the public and will feature a state-of-the-art national class fireworks program. The event will provide fun for the entire family and will include a patriotic program, free admission to all the museums, musical performances, games and plenty of Fourth of July food favorites. You’ll have a magnificent view of the fireworks from inside the newly renovated Cotton Bowl. Fireworks will be synchronized to music broadcast on WRR 101.1 FM. Larger and higher fireworks, more games, and even more concessions will make this year’s Fair Park Fourth the premiere event in the Dallas Metroplex! Details at http://www.fairpark.org/ ....Cancelled, no fireworks this year at Fair Park as announced 6/18/2010!!!


Jul. 4, 2010 - DeSoto & Lancaster Old Fashioned 4th Fireworks Show (Desoto, TX)The cities of DeSoto and Lancaster have once again combined their budgets to put on an awesome fireworks show. All DeSoto and Lancaster residents, and any others who love a great fireworks show, are invited to bring your lawn chairs and picnic baskets and come out to Grimes Park located at 501 East Wintergreen Road in Desoto, Texas The entertainment starts at 6 p.m. Fireworks at dusk. Details at http://www.ci.desoto.tx.us/


Jul. 4, 2010- Annual Independence Day Celebration (Flower Mound, TX)Come join the Town of Flower Mound in celebrating the annual Independence Day Fireworks Extravaganza a free family event at Bakersfield Park, 1201 Duncan Lane. Gates open at 7 p.m. with concessions and children’s activities including a bounce house, giant slide, obstacle course, and rock wall, and face painting. The Walton Stout Band will play from 8 - 9:30 p.m. and the fireworks show is scheduled to begin at 9:25 p.m. No glass, alcohol, or tobacco products may be brought to the park. The free fireworks show and parking at Bakersfield Park are sponsored by the North Texas Tollway Authority. The rainout date for the event is Monday, July 5. Please call 972.874.7275 or visit http://www.flower-mound.com/ for more information on the Town of Flower Mound Independence Celebrations.


Jul. 4, 2010 - 28th Annual Fireworks Extravaganza Over Lake Grapevine (Grapevine, TX)On July 4 at 9:30 p.m., find your spot and stake a claim near Lake Grapevine Be prepared to be astonished by the fireworks spectacular, which can be viewed from any lakeside location as well as several other spots throughout Grapevine. Admission is free at most viewing locations. Some parks along Lake Grapevine may charge a minimal admission fee.


Visit http://www.grapevinetexasusa.com/Jul. 4, 2010 - Red White & Lewisville, Fireworks and Festival (Lewisville, TX)The city's annual Red White & Lewisville fireworks show, will be held July 4 around Vista Ridge Mall. The spectacular fireworks show will start shortly after dark at approximately 9:30 p.m. The best viewing opportunities will be on the South side of Vista Ridge Mall and along the 121 Bypass. For more information please call 972.219.3401 or please visit http://www.cityoflewisville.com/ or http://www.visitlewisville.com/
Jul. 4, 2010 - All-American Fourth Fireworks Show (Plano, TX)Celebrate Independence Day 2010 at Plano's All-American Fourth FIREWORKS event! It's one of the best light shows ever, so bring your family, friends, lawn chairs and blankets to enjoy it. Tune into 97.5 KLAK radio for a simulcast of the fireworks show which will be synchronized to patriotic music. For more information contact the Parks & Recreation Department at 972-941-7250 or visit http://www.planoparks.org/ Location: Oak Point Park & Nature Preserve, 2601 Spring Creek Parkway, Plano, TX

July 5, 2010 – Justin Bieber (in concert) “My World North American Tour” (Grand Prairie, TX) Justin Bieber’s “My World North American Tour” with Sean Kingston is coming to Verizon Theater in Grand Prairie July 5. A Canadian native who grew up an only child in Stratford, Ontario. An old soul is the last thing you would expect to find inside Justin Bieber. But all it takes is one listen to the 15 year-old soul-singing phenomenon to realize that he is light years ahead of his manufactured pop peers. After posting dozens of homemade videos on YouTube in 2007, where the multi-talented Bieber put his impeccable spin on songs from artists like Usher, Ne-Yo and Stevie Wonder, Justin racked up over 10,000,000 views purely from word of mouth. Visit verizontheatre.com for more information.

July 6 – 9, 2010 – Jay Novacek Football Camp (Denton, TX)Founded in 1983, we are the best teaching football camp in the nation having graduated over 85,000 athletes, many currently playing at the college level. This will be our 26th successful year of football instruction. If you are an experienced football player or just starting football, the Jay Novacek Football Camp being held at the University of North Texas in Denton, is an experience which you will never forget! With practice three times a day, you will receive in-depth instruction, lectures, and demonstrations by Jay Novacek and members of the Dallas Cowboys along with an outstanding coaching staff. Learn individual and team techniques on both offense and defense from the best instructors available. Jay Novacek and the Dallas Cowboys will teach you the same offensive and defensive techniques they are taught by the Dallas Cowboys coaching staff! Visit http://www.footballcamps.com/ for more details.

July 8 – 25, 2010 – The First Day of School - Comedy play (Fort Worth, TX)Amphibian Stage Productions presents The First Day of School, a sexy new comedy about a group of devoted parents who decide to make their children's first day of school a first of their own, giving a whole new meaning to the term "physical education." Join us July 8-25 at the Sanders Theatre at the Fort Worth Community Arts Center for 8 PM showings on Thursdays, Fridays, and Saturdays, and 2 PM matinees on Sundays. The Sanders Theatre is located at 1300 W. Gendy St., Fort Worth, TX 76107. For tickets and more information, please visit http://www.amphibianproductions.org/ or call 817-923-3012.

July 8 – 11, 2010 – Lone Star State Classic Dog Show (Dallas, TX)The Lone Star State Classic Dog Show is coming to Dallas Market Hall. A four day dog show event that occurs twice each year (July and December). The LSSC is comprised of three regional dog clubs – Greater Collin Kennel Club, Texas Kennel Club, and Trinity Valley Kennel Club. Each club is a member of the American Kennel Club. As the Lone Star State Classic, these three clubs have made a commitment to the region to provide the general public and the dog community throughout the world an opportunity to attend a major dog show event in the Dallas area. We hope you enjoy the Lone Star State Classic Dog Shows. Please visit http://www.lonestarstateclassic.com/ for more details.

July 9 - 11, 2010 - 24th Annual Taste of Dallas (Dallas, TX)The Taste of Dallas, an annual food festival, makes a move indoors this year to Fair Park. The festival boasts more than 150,000 square feet of air conditioned space for culinary demonstrations, a marketplace, an Artists Enclave and more. Dozens of Dallas' top restaurants will offer tastings for $1 - $3. Friday night will feature an 80s tribute band, the best in Texas music from Gilley's will highlight Saturday night and Sunday will feature the Taste of Dallas' best local bands. A themed sports zone with some of the Metroplex's favorite professional sports teams and the Kids Taste Town with bounce houses, giant slides and more will entertain everyone in the family. Admission is $5 for adults, free for children 12 and under. Parking is $10 on-site or visitors can ride DART's Green Line to Fair Park. For more information, please visit http://www.tasteofdallas.org/

July 9, 16, 23, 30 & Aug. 6 & 13, 2010 - Scion Drag-n-Brag (Fort Worth, TX)It's back for a second year! The SCION Drag-N-Brag returns on Texas Motor Speedway's pit road. Bring your own vehicle to drag race among other locals or kick back and enjoy the grass roots competition. Come out early and take part in the Show-n-Shine competition by entering your vehicle or walking through the display of cars. It is fun for the whole family. Details regarding classes, entry fees, admission, to come soon. Visit http://www.texasmotorspeedway.com/ for more details.

July 10, 2010 - 2010 Annual Parker County Peach Festival (Weatherford, TX)Join us for the 26th Annual Parker County Peach Festival on Saturday, July 10th, 2010 from 8:00 a.m – 5:00 p.m. Stroll through beautiful historic downtown Weatherford and enjoy the more than 200 art/ craft, food, live music and activity booths. Admission is $5 for 12 and older and free for children under the age of 12. For more information visit http://www.peachfestivaltx.com/

July 16 – 18 & 23 – 25, 2010 - Dallas Summer Boat Show & Sale (Dallas, TX)Visit Dallas Market Hall for this year’s Summer Boat Show and Sale. Dallas International Boat Show 2010 is one of the biggest boat shows held in the Country. Over 200’000 ft of exhibit space filled with luxury yachts, sailboats, power boats, water toys, including wake boards and personal watercraft. There will also be a Dock Party which benefits the Wounded Warrior Project that aims at honoring and empowering wounded warriors. Dallas International Boat Show 2010 also offers guests with live music, food and beverages and also a silent auction of various special goodies. Visit http://www.dallasboatshow.net/ and http://www.atournamentofheroes.com/ for more details.

July 16 & 17, 2010 - Monster Trucks Unleashed (Fort Worth, TX)See Monster Trucks competing in fierce side-by-side racing action as they fly over jumps. Monkey’n Around takes on Homan's Beast, Ironman, Outtacontrol, Clydesdale, Martial Law, Heartbreaker, Sudden Impact, Groundpounder, Cult Energy Activator, and Bounty Hunter in a high powered car crushin’ wheelie poppin’ freestyle contest. That's not all! See ATV & MX Freestyle including the Moore brothers from Krum, TX with The Bomb Squad as they keep you on the edge of your seats with the ATV Freestyle followed by the Tuff Trucks as they compete against the clock on the obstacle course. Come see the carnage both Friday and Saturday night. Enjoy a FREE pit party for all ticket holders both nights from 6:00- 7:00 p.m. Details at http://www.texasmotorspeedway.com/

Jul. 17, 2010 – 26th Annual Tour de Paris Bicycle Rally (Paris, TX)The Tour de Paris will be celebrating its 26th year in 2010 with it's Paris Bicycle Rally. See web site for cost and registration fee. For more information, call 800-PARIS TX or visit http://www.tourdeparis.com/

July 22, 2010 – Lady Gaga on Tour (Dallas, TX)Lady Gaga, one of the most exciting and innovative new artists in recent history, has announced her highly anticipated return to North America on the heels of her sold-out European tour. Lady Gaga brings her Monster Ball tour to American Airlines Center on Thursday, July 22nd. Opening for Lady Gaga is Semi Precious Weapons. Visit http://www.americanairlinescenter.com/ for additional information.

July 24, 2010 - Dallas/Fort Worth Tour de Cure (Fort Worth, TX)Register now to support the fight against diabetes! In over 40 states from coast to coast, thousands of cyclists will be pedaling toward finding a cure for this deadly disease. Join us at Texas Motor Speedway for this wonderful day of fun, fitness, friendship, and the thrill of completing a ride that moves us closer to finding a CURE for DIABETES! Visit tour.diabetes.org for more details or http://www.texasmotorspeedway.com/

Jul. 28 - Aug. 8, 2010 - Ringling Brothers and Barnum & Bailey Circus (Dallas, TX)Through the mystery of magic and the mastery of skill, audiences will be spellbound as Ringling Bros. and Barnum and Bailey presents ZING ZANG ZOOM, a thrill-filled mind-blowing circus spectacular where family fun is no illusion coming to American Airlines Center July 28 – August 8. Magical Zingmaster Alex and his assistant, the alluring Levitytia, lead audiences through a revealing kaleidoscope of color and imagery revealing extraordinary worlds of fantasy, flight and phenomena that celebrates the uplifting spirit of the circus and wards of cynical Mr. Gravity and his team of "heavies" who try to bring everyone down. For more details please visit http://www.ringling.com/ or http://www.americanairlinescenter.com/

July 31 – Aug. 1, 2010 - Dallas Bridal Show (Dallas, TX)Come See The Premier Bridal Event In North Texas at Dallas Market Hall July 31 – August 1 from 10:00 a.m. – 5:00 p.m.! Over 350 wedding businesses to meet your every wedding need. Meet Wedding Professionals One-on-One, Plan & Organize Your Entire Wedding, Register to Win Fabulous Prizes, Fashion Shows. Tickets are available at the door, and no advance registration is needed. Entry is $10 for adults and $5 for children under 13 - includes toddlers & infants. Details at http://www.bridalshowsinc.com/

Friday, April 16, 2010

Business beyond the Home-Buyer Tax Credit

Business beyond the Home-Buyer Tax Credit

RISMEDIA, April 16, 2010—The extension of the home buyer tax credit encouraged many fence-sitters to jump at the chance to achieve the dream of homeownership this past year. Tax incentives, low interest rates and prices have made homeownership more affordable than ever, creating an influx of first-time buyers in the market. As the deadline for the home buyer tax credit approaches, many REALTORS® are wondering: what happens next?
Any seasoned professional like yourself knows that real estate is cyclical. Prices will rise and fall, inventory will fluctuate and opinions will change, but your buyers and sellers remain. And today’s buyer is more educated than ever.
According to the 2009 NAR Profile of Home Buyers and Sellers, 93% of first-time buyers started their home search online. With an awareness of the homes available prior to meeting with an agent, today’s buyers are looking for someone to help them with the parts of the process they can’t do alone. According to the survey, 90% of buyers considered knowledge of the purchase process, responsiveness and knowledge of the real estate market as very important when deciding to work with an agent.
While it is still uncertain how the market will adjust to the expiration of the tax credit, low interest rates and affordability will still draw buyers into the market. In an attempt to get you thinking about building your buyer business this spring, I thought that I would remind you of some “back to basics” to ponder:
Know your market. From inventory that a buyer may have overlooked in an online search to short sale and foreclosure options, knowing your local market inside and out can provide added benefit to your client. The current market has made more options available to first-time buyers, in price ranges that some may have overlooked previously.
Host a home-buyer seminar. Home-buyer seminars put agents in front of motivated buyers and give them an opportunity to shine as a source of knowledge and a trusted advisor who can guide a buyer through the complex process. Try setting up one through your office or encouraging agents to co-host a seminar with a local lender to explain financing issues.
Connect with buyers on their level. Not only are today’s buyers educated, but they are technologically savvy. Whether it’s a phone call or a text message, finding out a buyer’s communication preferences is the first step in setting the tone for your relationship throughout the home-buying process.
Maximize your social influence. Social media outlets like Facebook, Twitter and LinkedIn allow brokers to reach out to agents and agents to reach more buyers than ever before. Contributing to these online networking communities regularly can not only build sphere of influence but it creates top-of-mind awareness when a consumer decides to look for an agent.
Be a financial guide. From outlining key steps to suggesting preapproval, guiding buyers through the financial parts of the transaction is especially important in today’s market.
Marc Gould is the executive director of REBAC. A wholly owned subsidiary of the National Association of REALTORS® (NAR), The Real Estate Buyer’s Agent Council (REBAC) is the world’s largest association of real estate professionals focusing specifically on representing the real estate buyer. With more than 40,000 active members, REBAC awards the Accredited Buyer’s Representative (ABR®) designation to REALTORS® who work directly with buyer-clients. To learn more, please visit REBAC.net.
RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.
For more top headlines on RISMedia.com, check out:10 Staging Tips to Help Your Home Sell3 Real Estate Market Challenges to Tackle Throughout the Year