Tuesday, December 15, 2009

Bridal Show & Auction

Listen up everyone,

January 24th at the Elks Lodge on Kent Island will be holding a bridal show and auction from 12-4pm. Designer dresses will be arriving from NYC. The designers will be reducing the price of the dresses 75% to begin the bidding process. You can't beat that! There will be many vendors there offering their services as well including myself. So, if you know of anyone getting married or may be looking to buy or sell real estate, come and visit us. The entry fee is $10 and $8 for bride with a paying guest. Door prizes will be given away as well. I hope to see you there. Also, if you know you will be coming, and want to have a list of homes waiting for you to pick up, just give me a call with your specifics and I will have them ready. Feel free to call me as well...443-786-4200

Friday, November 13, 2009

Free Home Owner Seminar: How to avoid or Stop Foreclosure!

FREE HOME OWNER SEMINAR - Are you upside down in your mortgage? Have you been laid off? Do you or someone you know have any other troubles regarding mortgage payments, then you should attend the FREE Seminar.

Exit Gold Realty has invited Mid Shore Pro Bono to speak at a Homeowner's Seminar on Foreclosure on Wednesday, November 18,2009 from 6:30-8:30 pm at Matapeake Elementary School on Kent Island Maryland. Mid Shore Pro Bono, a non-profit organization provides free or reduced fee legal services to qualified residents with civil issues. Volunteer attorney, Sasha Drobnick Esq., and MSPB Foreclosure Prevention Pro Bono Project Coordinator, Beth Jacobsen, will facilitate the event.

This workshop is designed for homeowners with questions regarding late mortgage payments, general foreclosure issues and what options might be available. It's not too late to ask for help. They will discuss loan modification options as well as the new home affordable modification plan (HAMP). All are invited to attend at no cost. There will also be time to ask questions.

Please call Exit gold Realty for further information or to RSVP. Walk-ins are welcomed. 410-643-4111

Monday, October 26, 2009

Real Estate Resurrection ?

Okay, here we are approaching the end of 2009 and approaching a new year of hope in regards to the housing market. But do we have good news to declare for 2010? Here is what I do know and what I forecast to happen. First, I will discuss national predictions, then here locally in Maryland.

As of Sept 09, the country declared 3 million in default. True, some of these were first notice default, yet we have so much more now to consider. We have not yet bottomed out. Based on current predictions, June, July, and August of 2010 is when we will bottom out. We are just approaching the end of the recession-December, and there are many more foreclosures that still need to be released into the market. So, excluding government intervention, our housing market will be saturated with inventory. Now, if the government does intervene, we may see loan modifications. For FHA loans we may see raising the acceptable credit score of 620 up to around 660. So, credit margins will be harder for buyers. Fannie Mae may be modifying some guidelines beginning Nov 1st. Perhaps they will place moratorium on releasing foreclosure inventory into the market; which in reality just postpones the inevitable. We shall see how all this plays out.

Now, Maryland real estate has fared better than most due to the abundance of government jobs which have kept unemployment low. However, the state is not immune to the foreclosure epidemic, and many of the communities face a long climb to recover from damage done by the housing crash. The prices of homes have fallen more than two years in most of Baltimore, which has been devastated by the foreclosure epidemic. But the first time home buyers tax credit and lower home prices have influenced the marketplace. While it may appear that home prices have stabilized, my guess is, they have not. I predict we’ll continue to see overall prices remain at their current levels and, in some areas, to decline well into next year. I think foreclosures and short-sales will keep pressure on home prices for another 2 to 3 years.

Now, if you would like to know more specifics in your locality, feel free to contact me. I will be glad to discuss this with you.

Tuesday, August 25, 2009

Termites: The Silent Destroyers

Termites cause an estimated $5 billion in property damage a year in the United States, according to the National Pest Management Foundation. Yet, many homeowners know very little about the danger that termites pose to their property.
"You don't usually notice them until the damage is extensive. Termites may take up residence in a home for years-even decades- eating away at the structure from the inside out until the damage shows itself- hence the unsettling nickname "silent destroyers", says entomologist Ron Harrison, technical director for Orkin, Inc.
So how can you protect your investment from these crawly insects? Harrison offers these preventative measures:
  • Keep moisture out. Use downspouts and gutters to divert water away from your home's foundation
  • Store mulch, firewood, and wood chips away from home.
  • Make sure shrubs, vines, and other plants aren't planted too close to the home and aren't covering vents
  • Ventilate crawl spaces to reduce humidity
  • Eliminate gaps and cracks in attic vents, window joints, and roof eaves.
  • Remove old tree stumps and roots near home.
However, a home owner's best defense is to schedule regular inspections with a termite specialist.
The U.S. Department of Housing and Urban Development's web site provides information by state about areas most prone to termite damage. Go to www.hud.gov and search for "Termite Infestation Probability Zones".

Tuesday, August 11, 2009

Working Women Balancing Act

Tuesday, August 11, 2009

Real Estate Careers Still a Savvy Choice: The Balancing Act on Lifetime Television Reveals Why Real Estate Agents Still Matter

The Balancing Act(Pompano Beach, FL)—Even though the economy has been in a slump, savvy investors are still pursuing the “American Dream” of homeownership, and that still makes the role of the real estate agent a very relevant one. To better understand the opportunities in this field and how real estate agents play an invaluable role in the process, The Balancing Act welcomes Tami Bonnell, President of the U.S. Organization of EXIT Realty Corp. International. The segment airs Thursday, August 13th, 2009.

“We hear all the news reports about the housing slump,” says Bonnell. “But there are still millions of people who are buying homes this year.”

According to research by Marissa Miley, a reporter at Advertising Age, despite record foreclosure rates and depressed home sale prices, the real estate industry anticipates selling 5.3 million homes this year, many to first-time home buyers.

And while computers have aided in the search and sale of one’s abode, real estate is still all about the personal connection, and that’s why so many women are excelling in this field.

“A good REALTOR® really is a partner in the process,” explains Bonnell, “You need to listen; really hear your client’s story and be a smart detective. Understand the why for the consumer,” she said.

Consumers can find facts on a computer but only a real estate agent can offer the insights, advice, marketing tips and negotiation options that make a home sale or purchase a smooth and easy transaction.

Many women, especially moms, have found great financial success and a balanced family life with a real estate career, and not just in the boom times. Taking it to the next step, EXIT Realty developed an innovative residual plan that allows REALTORS® to earn bonuses from the transactions of the new recruits they introduce to the company, creating an exciting financial opportunity from which many women have benefited.

“The real estate market is about good deals and long-term benefits,” says Doug Campbell, Executive Vice President of Programming, BrandStar Entertainment, the producers of The Balancing Act. “Understanding the importance the real estate agent plays was indeed very insightful.”

About Brand Star Entertainment’s The Balancing Act: The Balancing Act TV show on Lifetime Television is America’s only morning show about women, for women, trusted by women. Celebrating life and all there is to accomplish, The Balancing Act inspires and empowers with entertaining and educational segments, placing women in the best position to achieve success in every area of their lives. The show is produced by BrandStar Entertainment and airs on Lifetime Television 7 a.m. Eastern/Pacific (check local listings). Additional information and each segment can be accessed on the show’s website, www.TheBalancingAct.com. Each episode is also available on http://www.google.com/video and http://www.youtube.com/. Sign up for the show’s newsletter at www.thebalancingact.com/join.php. For more details about BrandStar Entertainment please visit www.brandstarentertainment.com.

About Tami Bonnell: Tami Bonnell’s real estate career spans more than 25 years during which she was instrumental in building three major brands. Ms Bonnell has been featured several times in major industry publications, including Real Estate Magazine, Bay State REALTOR® and Frog Pond Communications. She is a much sought-after international speaker, addressing thousands at events such as RISMedia’s Leadership Conference in NY, Inman News Conference in San Francisco and the Top 500 Power Brokers at The National Association of REALTORS® Convention. Since becoming President of the US Organization for EXIT Realty Corp. International, her focus is on growth and profitability for Regions, Brokers and Agents. Ms Bonnell is available for interviews.

Saturday, July 18, 2009

Be Wary of Meth Labs

Meth labs? Are you kidding? Yes, if you are in the market of purchasing a home you need to be wary.
Methamphetamine residues is an increasing problem for homebuyers. The U.S. Drug Enforcement Agency says meth labs have been discovered in 46 states.
There are signs to look for when looking at potential homes:
  • Yellow discoloration on walls and other surfaces
  • Taped off fire detectors
  • Experiencing burning eyes, itchy throat, or a metallic taste in your mouth while in the home.
  • Strong odors similar to solvent, cat urine, or ammonia.
  • Presence of security cameras or other surveillance equipment.

So don't ever rely on the seller's assurance because suing after the fact is unlikely to net results.

Source of Info: MoneyWatch.com

Saturday, April 25, 2009

Life is ever changing

Life is ever changing isn't it? You can change your name, marital status, profession, where you live, and the list goes on and on. Now, I am changing real estate company. Remax Gold is being laid to rest. Born in its place is Exit Gold Realty. Everything has changed, except me. New logos, signs, forms, look, and color. Even my email address.
Actually I'm very excited about this opportunity to provide better service to my clients, fellow agents, vendors, etc.
There is nothing like a challenge to liven things up a bit. I can't wait for someone to ask why EXIT??? That is such a dumb name!!! Well, I am ready for you.

EXIT is illuminated above every corporate door in North America.
Millions of EXIT signs across North America point to the way.
You see EXIT everywhere you go.
EXIT Realty was ranked among the TOP 10 TRENDSETTERS FOR 2007 and continues to grow with great momentum.
Every EXIT leads to a new beginning...
and I could go on.
Call or email me and I'll tell you more. Even how YOU can be a part of this exciting opportunity.

Monday, February 16, 2009


A lot have been written about landscaping yards for curb appeal because buyers see the outside first when they drive up to a home. So it makes sense to make this area as attractive and inviting as possible. I realize it's February, cold and dull right now, but let's think ahead. Investing money in your landscape could make a huge difference to a buyer. In fact, curb appeal can be the sole reason prospective buyers ever end up entering a home. That's why listing agents often give the sellers tips to help them fix up their homes. So, here are a few ideas to improve your landscaping.

1. An attractive landscape usually has color. Colors that grab the most attention are red, orange, and yellow. Cooler colors such as blues and purples helps you to relax. So, if you have a meditation garden, these should be included.

2. Use colorful mulch. Rubber mulch uses recycled ground rubber that comes in several different colors including green, brown, blue, and cypress. An added benefit is that if your home has a backyard playground and you have mulch underneath it instead of wood chips, you can a higher level of protection and an additional selling point to feature.

Oh, and another area many do not consider to be landscaping is the driveway. If you have been a do-it-yourselfer with you vehicles (oil changes,etc) maybe it shows on your driveway.Clean up any spills and move the parked cars to give buyers a chance to take in the entire residence.

For more information on improving value through landscaping, visit http://realtytimes.com

Tuesday, February 10, 2009

Should I Consider A Home Auction?

If you've had a "For Sale" sign in front of your house for months, you want something to happen and you want it to happen yesterday. Why not consider an auction? I know. When we think of auctions, we tend to think of auctions strictly for distressed properties. However, this is not true any longer. Selling premium homes via auction has become somewhat commonplace in Los Angeles, Miami, and New York. Now the trend has gained momentum in the Baltimore and surrounding areas.
The idea makes good marketing sense for sellers who missed the real estate boom over the last few years. What are some seller benefits?
It significantly lowers your commission as seller
You have a quicker sale ( 5 weeks from signing agreement to auction date)
Maximum buyer participation
Maximizes dollars
No contingencies
Buyer pays ALL transfer taxes and recordation fees.
These are just a few benefits.

Now suppose you are the buyer? What benefits to you?
Auctions are fun
Open, fair bidding process
Simple and transparent (Since you receive all information needed prior to auction; thus no surprises)
Buyers buy at their price
The decision to bid is reinforced by the immediately preceding bid
6% buyers premium is financeable.

So, auctions are good. Auctions can maximize the value of a property because of the competitive bidding process.
Buyers are eager to bid for a chance at a bargain. This is the only time you can go and buy something at your price.

If you want any more information on the process involved or a list of homes in the area that are offered through auctions, contact me.

Thursday, January 8, 2009

Why Wait??? The Hazard Of Timing The Market

Buyers who choose to wait until prices come down are also gambling that interest rates will hold steady or drop. What is not widely understood is the impact interest rates can have on the monthly costs of home ownership. Even a 10% drop in home prices is immediately nullified by a mere 1% point increase in interest rates on a 30-year mortgage loan.