Tuesday, July 24, 2012
Tyler Real Estate Tyler Texas ~ 10 Lessons to Learn as the Housing Market Recovers
10 Lessons to Learn as the Housing Market Recovers
10 Lessons to Learn as the Housing Market Recovers
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by Shy Shinalt Tyler Homes Keller Williams Tyler Texas (TX),
Headlines abound: The Housing Bust is over… In June, a survey of economists concluded that housing has hit bottom. homeowners and renters, Americans, and citizens of the world all are sighing with collective relief. The economy and housing values both have cycles. It has been more than eighty years since the difference between the top and the bottom was so great.
As Realtors®, we are relieved that we are at the bottom, but we are realistic with the changes in the market and our work. In the not too distant past, the overwhelming majority of our work was prior to sales agreement, now it can be after. In that same time, most transactions closed. The”fallout rate” was nonexistent. Most sobering is what is now required to get to closing and how many things can derail a transaction for a “willing, ready, and able” buyer.
So we are cautiously engaging the new reality, but first we need to pause. If we do not learn from history, we are bound to repeat it. We do not want to repeat the last ten years. So what are the lessons we should learn? Here are 10 lessons that come to mind:
- The economy cannot recover without housing.
- Everyone needs shelter, but not everyone needs to own their shelter.
- High homeownership rates are important but they must be sustainable.
- Home prices go up and go DOWN.
- The process of purchasing /financing a home is more complicated.
- Sound underwriting of mortgages is critical.
- Home equity should not be used for ordinary living expenses.
- Financial reserves for family, companies, and countries are necessary.
- Homeowners confidence in the economy is directly related the value of their own homes.
- The economy is global.
What lessons did the last decade teach you? We would love to know what you learned from the last cycle.
What is important is that we remember what happened as we prepare to write the future. Most importantly, we should also have a sense of accomplishment that we endured these life lessons.
There are seasons in the weather: spring, summer, fall and winter. So there are in economic cycles. It is great to be at the thaw of winter and the budding of spring.
Shy Shinalt
903.533.8114
Tyler Homes Tyler Texas ~ Tyler Homes for sale
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Thursday, July 19, 2012
Monday, July 16, 2012
Friday, June 15, 2012
Saturday, March 3, 2012
I’m not sure who’s more to blame: me or the woodpecker.
About six months ago, I heard a knocking noise coming from a bedroom in my house. I discovered that it wasn’t coming from the room, but outside it – a woodpecker was having quite a time on a trim board near the roof.
I poked my head out the window and saw that the bird had made a small hole in a rotting section of the board. I should fix that soon, I thought.
I should’ve fixed that sooner
Fast-forward to this week. I noticed that the siding below the woodpecker’s handiwork is showing signs of rot in several places – and there are now two large holes instead of one small one.
Not only has the woodpecker been back, it appears that his holes allowed water to make its way behind the siding.
Penny wise, pound foolish
The original trim replacement, which I should’ve done six months ago, is a perfect example of the maintenance that you need to perform regularly as a homeowner – or eventually face more expensive, involved repairs.
And what if you decide to sell? Unless you’ve kept up with the maintenance on your home, you’ll suddenly be faced with a long list of projects you’ll need to complete to get your home in its best condition – or be forced to sell it at a reduced price.
I’d like to blame the large bill for next week’s siding and trim replacement on avian vandalism, but I think I’m as culpable as the woodpecker
Shy Shinalt
Keller Williams Tyler Texas
We offer our services in The Cascades, Cascades Tyler, Golf Resort, Country Club, Spa, seller financing, mansion, estate home, restrict, Home, listings, real estate, for sale, new condo, townhouse, agent, broker, mls, relocation, Tyler, Texas, lot, land, buyer, seller, Coldwell banker tyler, century 21 tyler, Tyler Real Estate, Flint Real Estate, Whitehouse Real Estate, Bullard Real Estate, Chandler Real Estate, Lindale Real Estate, Arp Real Estate, Lake Palestine Real Estate, Tyler Homes, Tyler Properties, Tyler Realtor, Tyler Real Estate Agent, Tyler, Flint, Whitehouse, Bullard, Chandler, Lindale, Arp, Lake Palestine, Smith County, real estate sales, buyer broker, buyers agent, Real Estate, multiple listing service, condo, condo conversion, townhouse, 1031 tax exchange, prequalification, mortgage loans, home locator, investment homes, investment properties, relocation specialist, residential, real, estate, residential real estate, houses, homes, Real Estate, estate homes, fine homes, multi-million dollar estate homes, multi-million dollar estates, foreclosure, reo, repo, bank repo, short sales, fixer, property, Realtor, Realtors, for sale, sale, buy, buyers, condominiums, townhomes, single family residence, view homes, duplex, duplexes, split levels, ranch style homes, single story homes, two story homes, RV access, pool homes, golf course view, ocean view, city lights view, nice neighborhood, era, we thank you very much for choosing Keller Williams
Sunday, February 12, 2012
Congratulations to our 2012 Cultural Ambassadors!
Keller Williams Realty is a company that changes lives. The culture is as diverse as the countless ways in which associates and market centers commit themselves to finding and serving the higher purpose of business, and is united by cohesive understanding of our Mission, Vision, Valuses, Beliefs and Prespectives. Which is why, each year, at Cultural Summit, we honor those associates who step up to lead others through our great culture.
Led by Mo Anderson and Kay Evans, a new group of Keller Williams family members were inducted in as 2012’s Cultural Ambassadors. After applause and hugs from Mo and Kay – several ambassadors were called up to the front of the room to be recognized for embodying the KW Culture and living up to the Cultural Ambassador covenant.
www.shyshinalt.com
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