Tyler Texas Homes

Tuesday, July 24, 2012

On July 18, 2012, in Housing Market News, Shy Shinalt,

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

Keller Williams Tyler Texas

903.533.8114

Tyler Homes Tyler Texas ~ Tyler Homes for sale

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Thursday, July 19, 2012

Tyler, TX Homes for Sale & Real Estate | Homes.com Keller Williams Tyler

Monday, July 16, 2012

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Saturday, March 3, 2012

Why pricing your home from a Web site could cost you thousands of dollars

http://www.shyshinalt.com/

Some real estate Web sites like Zillow and Homes.com estimate the value of most homes in the U.S. But even the sites themselves will tell you their numbers are often off. Way off.

In Texas, Zillow rates their accuracy one star out of four. Even for states with four-star accuracy, the valuation is off by at least 20% about a quarter of the time. (If I were younger, I’d end the last sentence with five or six exclamation points.) And the values for Texas properties are even worse than that?

Think about it. If you sell your home for 20% less than it’s worth, you’ve just lost a big chunk of change. Overprice by 20% and your home will languish on the market.

Sure, online home valuations are fun, but when I’m ready to sell my home, I’m going to work with a Texas REALTOR®.

Shy Shinalt

Keller Williams Tyler

http://www.shyshinalt.com/

Sunday, February 12, 2012

KW SHOUTS THE CULTURE at the 2012 Cultural Summit!

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We’re ready for you! Family Reunion, Keller Williams Realty’s annual convention, is kicking off today with more than 8,500 people in attendance!

From breakouts, to big sessions and even bigger names in real estate, we’ll be sharing tips, strategies and success secrets throughout the entire event while covering the most talked about sessions.

Stay tuned for highlights from:

Top Producers, speakers and trainers on what they’re doing now to succeed;
Mo Anderson, Vice-Chairman of the Board and Kay Evans, regional owner of Southeast and Florida-North, on the strength of our culture during The 7th Annual Cultural Summit.
Gary Keller’s vision for the market’s future;
Agents on the cutting edge of new tools and new technology;
Mark Willis, CEO, and Mary Tennant, President and COO on the State of the Company and Culture;
BOLD Recharge, including this year’s BOLD Achiever Award;
And video coverage on many of the sessions!

Shy Shinalt Keller Williams Tyler

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Saturday, January 28, 2012

Tyler Homes

Are discount brokers good for the seller?

www.shyshinalt.com

Are you really doing the right thing for your seller? Had an agent come to me this morning and we had a discussion on a home she just showed that was listed at a deep discount of 1% to the buyer’s agent. This is becoming more and more prevalent in the market today and while most feel it is a problem I feel it is something that will eventually blow up in the discounters face. After investigating the listing I came to a conclusion that the seller is being taken advantage of. You see our agent did the right thing and showed the home, but in the real world most agents would pass on this showing. I know we should show the home, but really why would another agent base their entire business plan on taking advantage of the entire real estate community? This home has already been on the market 180 days longer than any home in the neighborhood that sold in the last 2 years. Keeping in mind it’s a $550,000.00 home, that could be close to $ 30,000.00 in additional payments and taxes the seller has paid. That would be, ugh, 6% and it’s still not sold. Then take into account what negotiations might be like with a seller who is this “intelligent!” It reminds me of the saying;” a fool and his money are soon parted.” Or as W.C. Fields said, “they were lucky to get together in the first place!” Did the agent do the right thing? Clearly no, but when a seller uses a discount broker, they get what they paid for or dare I say deserve. In this case $30,000.00 in loses so far with no end in sight. http://www.shshinalt.com/

Shy Shinalt

KellerWilliams Tyler

http://www.shyshinalt.com/

Tyler Texas Homes

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Tuesday, July 24, 2012

Tyler, TX Homes for Sale & Real Estate | Homes.com ~ Tyler Homes Tyler T...