Friday, September 26, 2008

You Posted A Forward? Why You Lazy...

I am no economist, but my eyebrows raised when a long-time trusted escrow officer actually forwarded this to me.

It is not my info nor is it from my site, so no credit goes to me. Judge or yourself. If I dig a little, I can find out who wrote this and let you know.

They wrote:

I'm against the $85,000,000,000.00 bailout of AIG.
Instead, I'm in favor of giving $85,000,000,000 to all Americans as a "Dividend".

To make the math simple, let's assume there are 200,000,000 bonafide
U.S. Citizens 18+ Our population is about 301,000,000 +/- counting every man, woman and
child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billion that equals to a
hefty "$425,000.00."

My plan is to give $425,000 to every person 18+ as a "Dividend"
Of course, it would NOT be tax free. So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes. That sends $25.5
Billion right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife have $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family?
  • Pay off your mortgage - "housing crisis solved"
  • Repay college loans - "a great boost to new grads"
  • Put away money for college - "it'll be there"
  • Save it in a bank - "create money to loan to entrepreneurs"
  • Buy a new car - "create jobs"
  • Invest in the market - "capital drives growth"
  • Pay for your parent's medical insurance =E 2 "health care improves"
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company If we're going to re-distribute wealth let's really do it...instead of trickling out If we're going to do an $85 billion bailout, let's bail out every
adult U S Citizen 18+

As for AIG - liquidate it and Sell off its parts.
Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and "AIG doesn't" we were not invited to the last 10 years of "party time" bonuses.

And remember, this plan only really costs $59.5 Billion because
$25.5 Billion is returned instantly in taxes to Uncle Sam.

by Jeff Pereyda
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Friday, September 19, 2008

C'mon, Let's Face It!--On facebook (tm)

You may not know this yet, but my blog needs readership. Yes, your reading it now, but just look at my comments on my previous blogs. My Livermore real estate website website gets quite a bit of traffic, but my blog?--I have 0. Go ahead and comment. Shock me.

My Active Rain blog is a mirror of this one, and it gets some readership due to the fact that Active Rain bloggers simply feed off Active Rain, kind of an obsession with those bloggers there.

But more on facebook is being published all the time. Lee Aase, the Chancellor of Social Media University, Global (SMUG) writes references to the news media about the applications of facebook below.

Here are some links to major news coverage about Facebook:
Granted, I am very new to facebook and it's applications, but you can bet that facebook is an innovation in the home and in the business world. And, I will definitely be looking closer into the ways that it can help our office and our industry. At least there people write on my "wall."

by Jeff Pereyda
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Saturday, September 13, 2008

What Does Dental Floss and Net Sheets Have In Common?

I have a great mentor/broker friend that I as a broker confide in sometimes. We share ideas and sometimes war stories.

I heard the latest doozy of his through his wife which allowed the story to leave more to the imagination, and it went something like this:

Fred, mentor, had been working with a young couple who qualified as buyers for around $400k. Fred drove them around for months in and around a not so nearby city in an obligation to help them in buying a home. Cudos.

Last week, an amazing listing became available for sale by an elderly couple selling their home. They had really fixed up their place with dual pane windows, granite counter tops, etc. Ready to move in, the offer was made, and very gratifyingly, accepted. Needless to say, the young buyers were beside themselves in elation. So was Fred. He was in pain and needed the lift in his spirits. The escrow came right around the same time Fred had the unfortunate but very necessary appointment with the dental surgeon, a 4 hour surgery appointment during that week.

The sellers of the new escrow, the elderly couple, were also in escrow for a replacement home in Florida and had been working with a Realtor there to get the job done. During that week, Fred received a call from FL. The agent representing the Florida purchase performed a net sheet (four days after the FL escrow opened) and the news was bad. It turns out that the Florida buyers could nowhere near purchase the property or hardly any other property for that matter and had to cancel the agreement both in FL and alas with Fred and his new buyers here.

Fury, tears and lawsuits were in the air. Fred, pained by speech, worked hard to calm things down, but the tears of the pain would remain for quite some time for the down trodden buyers due to the loss of their home and Fred because his mouth hurt.

Should the agent in FL have performed the net sheet a bit sooner--you think?

FYI, Fred's surgery went as scheduled with few mishaps.

Word to the wise. Do the net sheet ASAP.  And, brush and floss regularly.

by Jeff Pereyda
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Monday, September 8, 2008

What's a Livermore Home Buyer Agent to Do? Here's One!

Every home owner has found those "Just Listed" cards in their mailbox, then as an afterthought, tossed them in the trash. Well, as part of my GRI (Graduate, Realtor Institute) education a while back, I had the fortunate experience of learning some great marketing tricks while at the same time not upsetting the delicate ethical goings on of the real estate industry. One of these such tricks was a postcard.

For the agent who represents the seller, (the listing agent) they get to mail out all kinds of things for the homes they are listing:
  • Just Listed: Livermore Beauty w/ Huge Lot
  • Pending: Livermore Home for Sale
  • Just Sold: Livermore Home for Sale
Well, there are many buyer agents out there that can use the exposure too. Often, the buyer agent's credit gets swept under the rug while the listing agent gets all the glory for selling the house. But really, there are some agents that mostly represent buyers, and they do it quite well. Furthermore, why shouldn't they promote their services to the immediate community? It turns out that a buyer's agent must get permission from the listing brokerage to advertise or promote a home for sale that belongs to the listing brokerage. It's a bit of a hassle, and most buyer agents seem to let it go. Now, they do not have to.

Back to the postcard. In one of my GRI classes, the instructor had the idea of using a different title in the post cards that allow the buyer's agent to have a reason to get postcards sent out. Instead of having "Just Listed" in the headline, why not have it read, "My Buyer Just Bought?" Capital idea!

Several things on the buyer agents agenda get a booster shot. The "My Buyer Just Bought" card:
  1. Gets the Livermore buyers agent name out in the community.
  2. Promotes (Livermore home owners/sellers take notice).
  3. Eliminates the need to ask for Livermore listing broker permission.
So, to all you buyer agents out there--there's now another great way to get noticed for the hard work you do.

by Jeff Pereyda
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