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Monday Morning Coffee August 23

by Doug & Gwen Campbell at Sun Bay Associates
Monday Morning Coffee

INSPIRATION FOR TODAY:

"Leaders are like eagles. They don't flock - you find them one at a time."

- Unattributed


BE FREE!

In Stephen Covey's "Seven Habits," he talks about focusing on the important to the exclusion of the unimportant. In his own words, "The main thing is to keep the main thing the main thing."

See if you recognize which motivational trainer espoused this similar philosophy:

"There are things within your power, and there are things beyond your power. Within your power are opinion, aim, desire, aversion; in a word, whatever affairs are your own. Beyond your power are body, property, reputation, office; in a word, affairs not properly your own. Concern yourself only with what is within your power.

The essence of good consists of things within your own power; with them there is no room for envy or emulation. For your part, do not desire to be a general, or a senator, or a consul, but to be free; and the only way to do this is a disregard of things which do not lie within your own power."

If you guessed Zig Ziglar, Howard Brinton, or Anthony Robbins, guess again. Its author referred to it as a "field manual for soldiers." It was carried by Frederick the Great on all his campaigns. It was written by the Stoic philosopher Epictetus.

Stephen Covey conveys a similar message when he suggests drawing two concentric circles with a dot in the middle. He equates the dot in the middle to you, the first circle as your area of influence, and the outside circle as your area of concern. He suggests that you concentrate only on the circle of influence, things which you have the power to influence or change. He advises that you disregard those in the area of concern over which you have no influence or power.

Stimulus Money to Close Foreclosures in Pinellas and Pasco Counties

by Doug & Gwen Campbell at Sun Bay Associates

The Sixth Circuit Court is using federal stimulus money to hire case managers to work on the 33,000 foreclosure caseload in Pinellas and Pasco counties, which make up the Sixth Circuit Court.  Chief Judge J. THomas McGrady said the goal of hiring the case managers is to resolve at least 24,000 backlogged foreclosure cases in 2010.

The need for case managers is so the court can reduce its caseload and ease the burden on other litigation before the courts, since everyone is  entitled to his/her day in court.

The goal for these foreclosure cases is to schedule 100 summary judgment cases per day at each of the four Sixth Circuit courthouses.  Since the court convenes twice weekly, this could result in 800 cases a week coming to resolution.  Stimulus money is paying for the case managers and additional judges, such as retired judges certified by the Florida Supreme Courtto act for sitting judges when needed.

The sooner the backlog of foreclosures is cleared, the sooner the real estate recovery can begin. 

For more information on foreclosures or short sales, click here.

Has Real Estate Stabilized?? Maybe.

by Doug & Gwen Campbell at Sun Bay Associates

A very commonly asked question is "Has the real estate market stabilized?"  The answer, according to a brief article from the National Association of Realtors magazine, is a resounding maybe.  In a Reuters news release, the following opinion was offered.

The Worst Is Over, Some Experts Conclude
With housing recovering slowly, most economists predicted in a recent survey that it will take at least five years for average home prices to climb back to the levels they commanded in 2006.

This year, some hard-hit areas may see another dip, but properties values will most likely rise.

"Softness in the summer months will be followed by firming conditions and momentum as the year unfolds and the economy strengthens," says Robert Denk, an economist for the National Association of Home Builders.

Source: Reuters News (08/12/2010)

This may be the first good news the consumer has heard about the real estate market in a long time.  In the Tampa Bay area, the general expectation is for additional price drops, although not nearly as severe as the last two years.  It is even possible that there is a light at the end of the tunnel that is NOT an oncoming train.

July Foreclosures in Florida

by Doug & Gwen Campbell at Sun Bay Associates

Florida has the "distinction" of being the number 2 state in the nation for foreclosures.  California is first, with 92,318 and Florida is second, with 54,940, according to RealtyTrac.  Florida's foreclosure activity rate is 1 in 171 houses are in some stage of foreclosure.

Breaking this down a little further, to Pinellas County, where Palm Harbor, Clearwater and Dunedin are, there are 1610 houses in foreclosure, according to RealtyTrac.

If you want to go deeper yet, look at Palm Harbor.  For the three zip codes in Palm Harbor, 34683 has 64 houses in foreclosure, for a rate of 1 in 234:  34684 has 61 houses in foreclosure for a rate of 1 in 234:  and 34685 has 14 houses in foreclosure, for a rate of 1 in 550.

The relatively good news, for Pinellas County foreclosures is that the county is not nearly the worst in Florida.  For instance, Miami-Dade County has 7107 homes in foreclosure, for a rate of 1 in 137:  Broward County has 6471 homes in foreclosure for a rate of 1 in 124:  and Lee County has 3958 homes in foreclosure for a rate of 1 in 92.

To learn more about distressed property and how to possibly avoid foreclosure, click here for free reports on foreclosure and short sales.

 

FHA is Changing the Rules

by Doug & Gwen Campbell at Sun Bay Associates

Effective September 7, 2010, FHA is adjusting its rates and these will impact home buyers and the value they get for their payment.  Also, FHA is going to reduce the amount of closing costs sellers can pay to 3% from 6%.  All this is addressed in the video below. 

Click here for the very latest in what FHA is up to for home buyers.

Mortgage Rates Are Really Low - For Now

by Doug & Gwen Campbell at Sun Bay Associates

Here is a very brief, although possibly important, thought.  Today's mortgage rates are between 4.75 and 5.00%.  These are historically low rates, not seen since the 1950s and provide opportunity for great value in real estate purchases.  Think about this, if the rates go up to only 7%, which is where they were all the way back in 2008, that translates into a 30% increase in the mortgage payment.  That means you can get a lot less value for the same amount of money when buying a house at the higher interest rate.

Rates are not going to continue to stay this low.  It is a great time NOW to refinance, or to buy a home, and get much more bang for the buck instead of waiting for the prices to drop just a little more and risk a 30% increase in payments, as well as getting 30% less value on your real estate purchase.

See your local mortgage banker today for the latest mortgage rates.  Or click here and see what impact interest rates have on your monthly payments, and value.

Monday Morning Coffee August 2

by Doug & Gwen Campbell at Sun Bay Associates
Monday Morning Coffee

INSPIRATION FOR TODAY:

"The key is to keep company only with people who uplift you, whose presence calls forth your best."
- Epictetus


GIVE YOURSELF A LIFT!

Have you ever aspired to be deeply depressed? On your list of major life's achievements, have you included becoming an itinerant ne'er-do-well? Does your daily task list include hanging out at the local pub, gossiping over the back fence with nosy neighbors, or spending time with a loser who does nothing but grouse about how the world has dealt him a lousy hand?

Did that first paragraph seem to pull you down? Did you say, "Ridiculous! Who would want to do those things?" If so, congratulations, you've already received this week's message.

Now, let's give this message a lift.

Have you ever met someone with a bright inspiring spirit about them, and thought to yourself, "Wow, I'd like to know them better!" Have you noticed that when you attend a community education course, you leave with many fresh new ideas and a powerful boost in your attitude? A well-known quote says, "You are what you think about all day long." If you hang out with the losers, your thoughts are likely to be dark and depressing. Spend time with those who possess magic in their attitude and enthusiastic vitality in their work ethic, and your thoughts are likely to soar.

Take a close look at your list of goals for this year. Have you included the addition of positive new personal relationships in your work and play environment? Remember that "to have a friend, you must first be a friend." Consider expanding your sphere of contacts to include those who would inspire you to greatness!

Keller Williams Real Estate - Tops Again!!

by Doug & Gwen Campbell at Sun Bay Associates

 

 

Keller Williams Realty Named Highest Ranked in Home Buyer Satisfaction by J.D. Power and Associates for Third Straight Year

AUSTIN, TEXAS (July 30, 2010) —According to the J.D. Power and Associates 2010 Home Buyer/Seller Study United States, Keller Williams Realty, Inc., the third largest real estate company in the United States, has received the highest overall satisfaction ratings from home buyers among largest full-service real estate firms for the third year in a row. The company also ranked second among home sellers in the study for the second year in a row.

“We are incredibly proud of our associates for earning this distinction and want to thank them for their commitment to their clients and communities,” said Mark Willis, CEO of Keller Williams Realty. “We see this honor as demonstration of our company philosophy that it is the agent’s brand that matters most and no amount of money spent on advertising can replace the influence and reputations our agents have in their local communities. Our associates have earned this on their own, by building relationships in their communities.”

The study was produced by J.D. Power and Associates to measure home buyers and sellers customer satisfaction. The results of the home-buying experience were determined by three factors including the buyer’s experience with their agent, the real estate office and a variety of additional services. Keller Williams Realty performed particularly well in the agent and office factors. And, overall satisfaction of buyers for the industry was up over last year.

Additionally, the study noted that the importance of real estate agents has increased substantially in the past year, with buyers and sellers relying on the negotiating skills of their chosen agent and help in navigating the market.

“It is thrilling to see our firm, once again, get public recognition for its incredible focus on customer satisfaction from such a prestigious group. Our associates continually demonstrate that it is possible to deliver the highest level of customer service in one of the toughest real estate markets on record,” said Mary Tennant, president and COO of Keller Williams Realty.

“We feel incredibly fortunate to be in business with them, and want to congratulate them on their hard work and dedication.”

In the past year, Keller Williams Realty has continued to grow despite the well-publicized turmoil in the real estate industry. In addition to becoming the 3rd largest real estate company in the U.S., surpassing RE/MAX®, Keller Williams Realty was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine and was voted the Most Recognizable Brand of Real Estate Franchises and the Trendsetter of the year for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.

 

About Keller Williams Realty, Inc.:

 

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Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 681 offices and more than 79,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information, or to search for homes for sale visit Keller Williams Realty online at (

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Photo of Gwen and  Doug Campbell - Sun Bay Realty Group Real Estate
Gwen and Doug Campbell - Sun Bay Realty Group
at Keller Williams Realty
30522 US Hwy 19N, Suite 107
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908