Archive for the ‘Livingston Parish News and Events’ Category

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Our New Real Estate Website

July 7, 2015

Check out our New Website.  It is full of useful resources for both buyers and sellers in today’s competitive market.  Check out our Community Pages which will not only tell you a little about the place, but we even have the weather.  Remember if you want to buy or sell start at our website:   http://www.tangihomes.net

 

 

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Real Estate Trends Report for Hammond Ponchatoula, Louisiana

June 30, 2015

 

 

 

I have included in today’s blog a link that will bring you to a trends report for the Ponchatoula/Hammond Area.  I tried to make a picture out of it so you would not have to click, but the image just kept coming up very blurred.  So either it’s blurred or you click, sorry I choose click.  Seems Hammond and Ponchatoula Markets have rebounded dramatically.  The Markets are actually thriving at this point.  Sales are getting a little more difficult to bring to fruition, but that is not the fault of the buyer or seller, just the Industry in general is getting a little more difficult.  So if you are in the Market to Sell – Now is the time!!!!  If you are in the market to buy call me so I can get you to properties quickly to eliminate competition.  We look forward to helping you all.  As we always say.  The Martin Team is Where Knowledge and Experience Meet Hardwork!!

http://www.tangiproperties.com

 

 

Real_Estate_Trend_Indicator7427

The Martin Team - Where Knowledge and Experience Meet Hardwork!!

The Martin Team – Where Knowledge and Experience Meet Hardwork!!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

So ask yourself??  What does this trends repot show you.

 

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How Great It Is!!!

June 18, 2015

Finally something that makes since from the Federal Government.  Ok partially makes sense anyway.  They have decided to postpone the implementation of the new Dodd/Frank legislation from August 1, 2015 to October 1, 2015.  This should give the Industry a little more time to prepare, but also should get the Industry out of the busy season before shoving this insane legislation down the throats of hard working mortgage, real estate agents, title companies, buyers and sellers necks.  How insane has this Country become saying they are helping the buyer out, by making them wait longer, costing them more money, and generally making it harder to close their home loan because of fear of the fines this new Branch of the Government, that answers to no one, inflicts.  Let me say I understand how my for fathers were feeling toward the English.  CFPB through TRID is going to make the real estate Industry a maze of paperwork and deception.

I found a Great Article about it all.  Take a Look.

CFPB moves TRID Date to Oct. 1, 2015

The Consumer Financial Protection Bureau announced on Wednesday a proposal to delay the effective date of the TILA-RESPA Integrated Disclosure rule until Oct. 1.

“We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks,” said CFPB Director Richard Cordray.

“We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time,” added Cordray.

The required loan documentation consists of two new forms: the Loan Estimate and the Closing Disclosure to ensure compliance.

It was originally set to go into effect on Aug. 1.

These new forms consolidate the TILA-RESPA forms and are meant to give consumers more time to review the total costs of their mortgage. The Loan Estimate is due to consumers three days after they apply for a loan, and the Closing Disclosure is due to them three days before closing. These two requirements have thrown the mortgage industry into a frenzy as they try to comply by the deadline.

The public will have an opportunity to comment on this proposal and a final decision is expected shortly thereafter.

This announcement comes shortly after huge news earlier this month, when the CFPB announced that it would allow a good-faith enforcement grace period that both the mortgage industry and a bipartisan coalition in Congress had asked for.

The enforcement grace period will be open-ended, David Stevens, chairman and CEO of the Mortgage Bankers Association, said, because Cordray wants to be flexible. At the very least, it should run through the end of 2015, Stevens said.

“We don’t know how disruptive or (not) this implementation will be. If more time is needed, he keeps that flexibility,” Stevens said. “It seems at minimum through the end of the year – and we will all be assessing this roll out.”

Then, on June 10, a large group of industry trade organizations joined Congress in pushing the CFPB to formalize that grace period for the enforcement of the TRID requirements.

Some in Congress, including U.S. Rep. Blaine Luetkemeyer, R-Mo., Chairman of the Housing and Insurance Subcommittee, and U.S. Rep. Randy Neugebauer, R-Texas, Chairman of the Financial Institutions and Consumer Credit Subcommittee, responded to the CFPB’s announcement letter regarding the TRID grace period, saying it was a good first step, but not nearly enough.

This group was then joined by a consortium of industry trade groups that threw its support behind a Congressional effort to formally define the grace period.

In a letter sent to Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, and Rep. Maxine Waters, D-Calif., the ranking member on the House Financial Services Committee, the groups urge the Financial Services Committee to pass H.R. 2213, which would provide a “reasonable hold-harmless period for enforcement” on TRID.

Brena Swanson Author

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3 strategies to move an overpriced listing

July 5, 2011

Give sellers a wake-up call

BY BERNICE ROSS, TUESDAY, JULY 5, 2011.

Inman News™

You have worked as hard as you can to get this property sold. Your marketing efforts have generated 50 showings but no offers. What can you do?

Recently, one of our private coaching clients posed this question to her coach. She had done everything within her power to place the property under contract. However, the sellers weren’t willing to lower the price any further. They had a great reason. If they dropped the price any further, they would have to bring money that they didn’t have to the closing table.

The challenge for the agent was that the sellers were blaming the failure to sell the property on her and they were angry. How would you have handled this situation?

One of the most powerful ways to address this situation is to do an update on your market statistics. For example, if there are currently 60 properties listed in their area and price range and 10 of them sell each month, this means that in order to sell their property, the sellers must be in the top 17 percent of the properties on the market each month in terms of the price, condition and the location. With this many showings and no offers, they’re continuing to fall in the bottom 83 percent that are still listed each month rather than in the 17 percent that sell.

Article continues below 

The next step is to explain the seller’s choices. Here’s what to say:

“Mr. and Mrs. Seller, as you can see from the current market statistics, only 17 percent of all the listings will sell this month, while 83 percent will continue to be listed next month. Furthermore, most of the properties that are selling are in like-new condition. Given these circumstances, you have the following options:

“First, you can adjust your price.

“Second, you can update the paint and the fixtures to make the house more appealing.

“Third, if you absolutely must get this price, you can take the property off the market and wait for the market to improve.

“It’s your house and it is your decision. What would you like to do?”

Furthermore, it’s often useful to either take the sellers out to look at the competition or to pull together a slide show of the interiors of the properties that went under contract or that are currently on the market. Sometimes the reason a property is not selling is that buyers can afford to be choosy. The agent who sold our last house told me that the only things that are selling where she is working right now are in like-new condition. Everything else, unless it’s way below market value, is languishing on the market.

A third way is to do a price-per-square-foot comparison. Remember to choose comparable sales where the lot size and the improvement size are within 10 percent of the seller’s property. Failure to do this will yield inaccurate results.

The next step is to make three pricing lines: one for sold listings, one for current listings, and one for expired listings. In most cases, what you will observe is that the sellers’ current price falls in the price range where most of the listings are expiring. Here’s what to say:

“Mr. and Mrs. Seller, as you can see from these three pricing lines, the properties that have gone under contract in the last 90 days have all been priced between $135 to $145 per square foot. The properties that failed to sell and currently are showing on the multiple listing service as expired listings were all priced at $153 to $160 per square foot. Your property is currently priced at $154 per square foot.

“Consequently, you have an important decision to make. You can leave your property at $154 per square foot and it will probably still be on the market, or you can reduce your price to $145 per square foot and increase the odds that it will sell. It’s your choice; what would you like to do?”

Now if the sellers are being unrealistic and you’re no longer willing to work on an overpriced listing, here’s a different approach:

“Mr. and Mrs. Seller, you have an important decision to make. You can continue to keep your property on the market at the price where it is currently listed or you can lower the price to the point where the property will sell. Clearly, since we have had 50 showings and no offers, the property is not priced where buyers today are willing to purchase it.

“It’s your choice; what would you like to do? Continue with your current price? Or reduce the price, end the two-hour commute each day, and get on with your life?”

If the sellers say they want to keep the same price, the next choice is really yours. Are you going to choose to continue to work on an overpriced listing or are you going to walk away? In many cases, your willingness to walk away can be a huge wake-up call. Here’s what to say:

“Thanks so much for the opportunity to market your home. Given the current market conditions, I would be doing you a disservice to continue to represent you on the sale of your property when the market data says that you won’t sell in this market unless you drop your price. I have cleared this with my broker and we are releasing you from the listing. I wish you the best in getting the price you want.”

If you have an overpriced listing that is not selling and the sellers aren’t willing to be realistic, walking away is probably the smartest thing that you can do. If the sellers realize you’re serious and reduce their price, it’s a win for you both. If they are unwilling to reduce their price, you have just eliminated a huge energy and money drain from your business.

Bernice Ross, CEO of RealEstateCoach.com, is a national speaker, trainer and author of the National Association of Realtors’ No. 1 best-seller, “Real Estate Dough: Your Recipe for Real Estate Success.” Hear Bernice’s five-minute daily real estate show, just named “new and notable” by iTunes, atwww.RealEstateCoachRadio.com. You can contact her atBernice@RealEstateCoach.com or @BRoss on Twitter.


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Is the Market Turning Around!!

February 12, 2011

We have noticed a tremendous up tick in the amount of calls we have been receiving on our listing inventory.  It seems that a lot of home buyers are now understanding that interest rates are rising and if they would like to get in on the historically low rates they will have to act now.  We have recently, in the last week, put two of our homes under contract that have sat for a while.  We look forward to helping as many home buyers or sellers as we can.  Remember affordability has never been better.  This will be a time when we look back and say wow and if you don’t act now you will be saying I wish I would have.  Take a few minutes to familiarize yourselves with the market by searching our website at:  www.tangiproperties.com.  For home buyers or sellers take a look at our Market Snapshot at either:  www.tangihomevalues.com or www.sttammanyhomevalues.com

I look forward to hearing from you!!!

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Stamp Out Hunger in Hammond

May 5, 2010

Help Stamp Out Hunger in Hammond this Saturday, May 8 by placing bags filled with nonperishable items next to their mailboxes for the mail carriers to pick up.  The items picked up this Saturday will benefit the local Tangi Food Pantry.  But, this is a national event happening all across the country as well.  This marks the 18th year the “Stamp Out Hunger” program has been in effect.  Since its inception in 1993, the “Stamp Out Hunger” program has collected 982.7 millions pounds of food to help stock the nation’s food pantries.  The Campbell Soup Company as well as the US Postal Service and National Association of Letter Carriers sponsor this event every year.  So, please do what you can to help Stamp Out Hunger in Hammond by leaving nonperishable food items in a plastic bag next to your mailbox this Saturday, May 8.  This small act will be helping out the community’s families in need.  Thank you.

Yvonne Martin, The Martin Team for Hammond real estate

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Get Ready for the Cold in Hammond

January 6, 2010

With the temperatures dropping, it is time to get ready for the cold in Hammond.  This means protecting your pipes, pets and and plants.  Wrap your pipes up so that the cold temperatures don’t freeze them, possibly making them burst.  Make sure your pets have adequate shelter against the cold temps and plenty of fresh water.  You will need to cover any cold-sensitive plants and give them plenty of water.

In addition to your pipes, pets and plants, check in on your elderly friends or relatives to make sure they have an adequate heat source.  Many of our senior citizens tend to be colder normally than their younger counterparts.  So, dips in the temperature can affect them immensely.  If you find that a senior citizen is in need of help, you can always contact the local government to see what programs they offer for such situations.

Keep any combustible materials at least three feet away from a heat source, especially portable heaters that are so popular this time of year.  Another heat source that people don’t think about is the stove/oven.  Don’t use this to heat up the house because they are not meant to run constantly.  Combustible materials need to be kept at least three feet away from these as well.  Also, keep an eye on children with blankets so that they don’t get too close to a heat source.  Paper is a major combustible that must be kept safely tucked away from any heating source as well.

Getting ready for the cold in Hammond by following the above tips will help you get through the cold weather this year.  Let’s all stay safe and warm!

Yvonne Martin, the Martin Team, Let My Family Bring Your Family Home to Hammond Real Estate

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