Monday, June 21, 2010

OMREN Meeting

We had a great time this past week at the Oak Mountain Real Estate Network Meeting. Anita Latham with REMAX First Choice provided breakfast from Shipley’s- Yummy! Beverly Mabry with REMAX First Choice and Jim Waddell with A B Home Inspections, Inc were first time visitors. Next week Connie Labue with First Realty Group has volunteered to bring breakfast- I can hardly wait. I’m sure it will be good. On a personal note- I enjoyed meeting Tom Horn with Appraisal-Source- I learned a thing or two about his industry. We did manage to see several unique listings also. Plan to attend this week on the 23rd @9am at Margarita Grill in Pelham. Arrive early so you will have time to socialize and don’t forget to bring your mls numbers if you would like to promote your listings.

Friday, June 11, 2010

Mamma Mia!

Recently while out showing homes in the Pelham/Alabaster area I decided take my clients out to lunch. We stopped at Joe’s Italian Restaurant located at the entrance to the Weatherly neighborhood. Our timing was perfect- no wait and we got right in. As soon as we were seated, the waiter brought fresh bread. On each table was a tall bottle filled with olive oil, spices and herbs. The bread was warm, crunchy and perfect for dipping. For starters I ordered the tomato basil soup- is was thick, rich, creamy and incredibly delicious. My client ordered the vegetable soup and remarked more than once how good it was. For a main course we both ordered the Pumpkin Ravioli. I had heard from someone else that it is a must try. In no time our dish was out. It consisted of a plate full of ravioli in a white sauce and a little garnish. It was one of those dishes that seem so easy you could make it at home, but good luck replicating the quality of the ingredients and the skill of the hands that blended them! We skipped dessert but they had a showcase full of temptations. The lunch was very reasonably priced for lunch. What a great experience- you’ve got to try Joe’s Italian Restaurant. I’ll definitely be back!

Wednesday, June 9, 2010

There’s a new Sheriff in Town and his name ain’t Reggie Hammonds.

Today I replaced David Black as wagon master for the Oak Mountain Real Estate Network. I’m looking forward to the next six months – it should be lots of fun. It is an informal meeting where agents come together to showcase their listings and associate with affiliates within the industry. We meet every Wednesday at 9 am at the Margarita Grill located on the corner of HWY 31 and 119 in Pelham and the meetings last about one hour.

Monday, May 31, 2010

Where are ALL the Buyers?

I was thinking back today when I purchased my first home- the year was 1993; rates were somewhere between 8-9%; I had to have a 5% down payment and cover my own closing costs. Those factors had a BIG impact on the price home I could afford for my wife and me. On Friday when I reviewed rates from lenders and saw a 30 year fixed mortgage at 4.675%. It lead me to ask myself one question “Where are ALL the buyers?” Rates are low; prices of homes are low; inventory is up; 96.5 to 100% financing available- my goodness there is no better time to buy than today. Then I read an article published by Buffini and Company concerning today’s market and I believe Brain Buffini offers one opinion. Here is just a brief segment of the article:

"Today’s real estate market is an interesting study of human behavior in the face of fear. Most people without proper knowledge of the real estate market have had their fears stirred by media outlets running a continuous stream of negative news stories. As a result, many potential homebuyers have formed an incomplete understanding of the current situation.

Many potential buyers and sellers will stay away from the market in its current state. They will wait for positive news and statistics to be reported before considering re-entering the market. Depending on the individual’s situation, this form of withdrawal may be prudent and a financially safe approach.

For others, however, fighting the trend and acting aggressively in today’s market can pay huge dividends. With mortgage rates at significant lows, there are many circumstances in which purchasing a home now is a good investment. These include the following: First- time buyers; Buyers moving up and Investors."

If you are thinking of buying or selling a home today, overcome your fears and get in touch with a realtor to explore your options. I believe most will be glad they did. That’s my two cents.