Saturday, February 19, 2011

Norfolk Real Estate listings How to Kill three birds with one Stone



Its been so cold for so long that to see some sun shine and a little warmth has kicked me in to early SPRING FEVER! My plan is to kill to birds with one stone!!!

I need to desperately shed the winter weight and I need to farm my real estate neighborhoods. Deliver open house notices, market to my farm communities, deliver postcards, newsletters, and flyers.

My Plan is to start walking my neighborhoods and to hand deliver the stuff I would normally mail. I think the postage savings would make it three birds. And instead of just the water bottle, I would probably have a bag or brief case with my giveaways!!

I will be sure to ditch my heels and boots for a pair of walking shoes!

Real Estate Professionals and For sale Buy Owners What is in your spring marketing plan?

If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones djoneshomes@gmail.com

Associate Broker Wainwright Real Estate Virginia Beach, VA

Certified Real Estate Instructor Millennium School Of Real Estate

http://DJonesRealEstate.com

Monday, February 14, 2011

Calling Closet Bloggers to Virginia Beach Real Estate School



Im calling out all Closet Real Estate Bloggers! Do you read post and never comment? Do you log in and never post? If you answerd yes....

You are Invited to Attend Real Estate Blogging 101, This class was written for Real Estate Professionals lenders, investors and real estate vendors.

Date: Tuesday February 22nd Time: 1pm-3pm
Cost: $20.00

Location:

Millennium School of Real Estate
4176 South Plaza Trail
Suite 217
Virginia Beach , Virginia 23452


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The purpose of this class: Is to give you a thorough understanding of What a Blog is, its origin, its benefits as a marketing tool, its formatting requirements, and information on not only how to manage and implement a blog but what and how to post so that you can decide if Blogging is something you would want to implement into your 2011 marketing plan to help you generate real estate business and help you brand your name.

I HOPE TO SEE YOU THERE!

Register by calling 757-436-4336 or go online to http://xtremeagenttraining.com



If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones djoneshomes@gmail.com

Associate Broker Wainwright Real Estate Virginia Beach, VA

Certified Real Estate Instructor Millennium School Of Real Estate

http://DJonesRealEstate.com

Wednesday, February 9, 2011

Hampton Roads Are you ready for Virginia's Evolving Foreclosure Crisis?



I drove from Chesapeake, VA to Isle of Wight, VA yesterday and I have never seen such an abundance of for sale signs. There were signs from real estate companies I have never heard of and as I drove up and back I wondered How are these agents holding up and are they prepared for this 2011 market?

Realty Trac and H.O.M.E. Housing Opportunities made Equal put out a report on Virginia's Evolving Foreclosure Problem. At first glance I realized the study was heavily weighted on Northern Virginia Rural vs Urban areas but as I kept reading it became clear that even Southern Virginia is not safe from this foreclosure crisis.

I have been an agent for 15 years licensed in three states and I have seen my share of up and down markets. And as the saying goes "And this to shall pass"!!!! But the question after reading this report is "WHEN and ARE YOU READY."

The Key findings of the report are informational but slightly disturbing:



•In 2010, the largest increase in foreclosure filings occurred in rural Virginia (Do they mean Rural not big city Urban like Hampton Roads ) Rural is defined as less than 500 people per sq mile.

•Foreclosure filings eased slightly at the end of 2010, mostly because of moratoriums from large national lenders so they could sort out mortgage servicing issues.

But Without these moratoriums that were put in place, Virginia would have seen the largest number of foreclosure filings since the beginning of the Great Recession. That says a lot are they serious?

•Since 2006, there have been over 200,000 foreclosure filings in Virginia and more than 60,000 in 2010 alone. (I could tell this was a problem by the increase in REO, Bank foreclosure inventory in the MLS in 2009 to 2010.)

•Foreclosure rates in rural areas have nearly doubled since 2008, while rates in urban areas have remained fairly consistent because of moratoriums and short-sale approvals. (Rural vs Urban)

•High foreclosure volume has revealed some significant mortgage servicing issues. A survey of housing counselors has found significant servicing issues statewide. (Deed of Trust, Note, and recording issues)

•In 2009, nearly four out of every five mortgage loans were sold to an investor -the highest rate since at least 2004. Since 2004, more than sixty percent of mortgage loans have been sold to an investor within one year of origination.

-This further complicates the mortgage recordation process and may create mortgage servicing issues in the future that may lead to more faulty foreclosures.

So ok if these are the findings it is probably safe to say. That Southern Virginia sellers, buyers, agents, and the whole community is not safe from the evolving foreclosure crisis.

The report states that in 2006 and initial wave of foreclosures started because of inflated home sales. The next wave was fueled by high cost loans given to low income and minority communities. We also saw a host of exotic subprime loans, interest only, jumbos, stated income, etc.. take its toll on the market,. Now in 2011 we will face ARMs that will linger and keep resetting throughout 2011, foreclosures from the loan modifications that didn't/t work, and a wealth of other foreclosures.

To my fellow agents are you prepared. Have you brushed up on your short sale and foreclosure skills? Can you help a buyer identify a good deal from junk inventory and what best fits their needs ie; mortgage and loan requirement, criteria, area preference, etc.....Buyers you have to live somewhere, why are you not taking advantage of the super low interest rates and abundance of good houses for sale? Agents can you tell a seller were he can go get legal advice. Agents should never give legal advice. Are you familiar with free home counseling programs such as The Virginia Association of Housing Counselors, the Center for Housing Leadership, and the handful of knowledgeable real estate attorneys that really truly work on a buyers behalf? Are you a self deemed short sale guru and or a savvy REO, bank property expert. Sellers are you ready to do what it takes to sell, Patience and Performance. And if you can't wait do you have a plan B, C.

If you answered NO, then you should be prepared. Up into now you could avoid it rather easily. Agents often could focus on some other avenue of real estate, property management, new construction, etc... but as the report states; Foreclosures have now trickled down to every crevice and corner in Virginia. North, South, East, and West, Urban, and Rural. Rather you work with sellers or buyers you will sooner or later be affected. It is amazing if you go in to a restaurant you may over hear a conversation on a short sale or foreclosure situation, someone in your family may be or you may know someone going thru or coming out of a short sale or foreclosure situation.

If you answered yes are you prepared for what the future might hold. Are you looking ahead long term? What will happen in 5-7 years when a large part of the population will now have a history of a foreclosure or shortsales on their credit? And lenders may or may not loosen the credit criteria. Will we have to fight for ready, willing, and able buyers? What happens when the babyboomers do-ing reverse mortgages die off? How will that effect inventory? What happens when these loan modifications come to an end? Will we see even more foreclosures? I say Just be prepared for it all, But don't put your blinders on we are in for a lot of change, its going to happen. Can you stay grounded, positive, and educated? Are you Ready?



If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones djoneshomes@gmail.com

Associate Broker Wainwright Real Estate Virginia Beach, VA

Certified Real Estate Instructor Millennium School Of Real Estate

http://DJonesRealEstate.com

Friday, February 4, 2011

Virginia Beach February Real Estate Agent Training


Millennium has exciting news to share with you this year! If you take a qualifying class through our school, you will receive 16 hours of free CE correspondence (CE must be taken before December, 2013)!

This is our way of saying Thank You! For more details call 757.436.4336.


Upcoming Classes & Seminars For February:

Real Estate Broker Classes
Real estate agents interested in receiving their broker's license must meet the following requirements:

· Actively engaged as full time real estate agent for 36 consecutive months (you may start taking your courses during this same 36 months).

Next Class starts Monday February 7 - March 2, 2011 - starting with everyone favorite..... Brokerage!

Course Cost: $299.00(includes all books, this is the total cost of the class. No hidden fees )

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Classroom Continuing Education

February 8th - Mandatory starting at 9:00am CE 8 hours credit
February 10th - Elective starting at 9:00am CE 8 hours credit

each class is $59.00


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Real Estate Blogging 101 for CE- continuing Education or PL - post licensing credits-

Tues Feb 22, 2011 Time:1pm - 3pm $20.00

This class is designed for Real Estate Agents and Loan Officers, That need to know how to blog for business from A to Z. You will learn how to incorporate blogging in to your marketing plan and the history, purpose, and how to's of blogging.

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Property Management Boot Camp

Feb. 22 & 24 Time: 9am - 2pm
6 hours of CE Real Estate Elective credits
100 pages of class material
FREE lunch and beverages!
Just a few things you will walk away with:

The do's and don'ts of tenant screening, 28 Special fees you should be earning now as additional income, Ideas to decrease vacancy and turnover, Fair Housing risk reduce, Provide Owner's rent electronically

You will receive
Tenant Application
Your Own Management Agreement
ACH Rent Collections Form
Sample Letters to Problem Tenants
125 Page Notebook
Optional Flash Drive with all changeable forms

Cost: $199.00

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Jump Start - PL-post licensing 30 Hours (for those who need first renewal of real estate license)

The Jump Start program is designed for agents to become familiar with the basics of what to do and how to do it in their new chosen profession. This course is great for new agents but it can also be a great refresher course for those agents who want to sharpen their business practices.

· Lead Generation

· Qualifying Buyers & Sellers

· Contract Writing & Negotiating

· Listing & Buyer Presentations

· Advertising & Marketing

· Check Lists and much more

February 14 - February 22, 2011 9am - 12:00pm Cost $199

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PSI Cram for Principles and Broker classes


Feb 15th 9-3, (1.5 hour break total)

This is not a mandatory class and receives no credit, however, this is the class to help give you the basics to pass the brokers and salesperson PSI. The class goes over the basic National and State real estate definitions and laws that will appear on the PSI. The brokers PSI is very similar to the salesman's PSI and this will give you the review on information you already knew, but don't use daily and have long since forgotten.

Cost: $79, if you have not taken all four broker's classes with Millennium.

Free to Millennium potential Brokers who took all 4 class at Millennium.

Principle students should call for info

All others call for info.

Book is sold separate: $40.00 for all others




To register for any class go to http://xtremeagenttraining.com or call 757-436-4336



Millennium School of Real Estate

4176 South Plaza Trail
Suite 217 Virginia Beach, VA 23452

If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones djoneshomes@gmail.com

Associate Broker Wainwright Real Estate Virginia Beach, VA

Certified Real Estate Instructor Millennium School Of Real Estate

http://DJonesRealEstate.com