Myrtle Beach Real Estate by Mirela

Come With Me to Taipei!

 

What a delightful blog Bob wrote!  I felt like I was touring Taipei right alongside him.  His pictures capture the moments ever so eloquently and complete a great description of a day in Taipei. 

Please don't comment here.  Instead please go to Bob's Blog and give him your comments!  Let's encourage him to write more! 

What Makes Us Different From Them?

Mirela  Monte, Your Myrtle Beach Connection                                            Join Me on The Optimist Group!

 

Via Bob Dunn: Townhouse & Senior Expert (Keller Williams Valley Realty ):

Like most Realtors I have a keen curiosity about my fellow human beings. What makes us different is a question foremost in my mind as I shopped, toured and generally wondered around the City of Taipei. The language and food is really different. I speak absolutely no Chinese save for Shea Shea - Thank You. Ninety-nine percent of the restaurant menus in Neihu exclude English so I have resorted to pointing and smiling and wishing for the best.

So what have I found different in this place far from home where my size makes me an oddity? Let me tell you:

 A gaggle of giggling teenage girls sitting at a table chatting rapidly amongst themselves each with an active cell phone glued to their ears.

A grandmother at McDonald's helping her little daughter up the stairs while mother is yelling for her four year old son to slow down so she can catch up with him.

Teenage boys at the same McDonald's slouched in their seats with arms draped over the back and feet up.

On Taipei 101 bench a young couple sit; she with her arms wrapped around his waist and head nuzzled to his neck.

Children in awe of the "Changing of the Guard" at Chang Kai Shek Memorial. Eyes fixed on the three minutes display of twirling rifles thrown and caught in the air, banging on the cold tile floor and in a snap held stoutly across the soldier's chest.

 

 

 

 

 

 

 

 

 

 

 

 

Taxi drivers stand outside their cabs at the Formosa Regent Hotel while uniformed doormen direct black town cars and silver sports cars. Business people with black suits and briefcases flow in and out of the hotel with tourists dressed in cotton pants, golf shirts and cameras.

 On Sunday I attend Good Shepard Anglican Church. The congregation repeats the same liturgy as is repeated around the world and partakes in the same sacraments. Mormons in white shirts and black ties walk the streets fulfilling their mission. Christian services brought first by the Spanish, and than the British and American Evangelist flourish throughout the island with Sunday services and bible studies in offices and homes during the week.

 

 

 

 

 

 

 

During the week Buddhist take time to worship at the many shrines and temples that frequent every neighborhood. I've hear chanting as I walk by a mosque.

God shows his presence in Taiwan in many forms.

 

 

 

 

 

 

 

 

 

 

 

 

 

A customer in women's clothing store, with the aid of a clerk, tries on a brightly coloured jacket that reminds me of Jackie Kennedy. Immediately the second clerk joins thems and tells the customer how good she looks.

 Teenage girls show their experimentation with the latest fashion. Skirts and shorts shorter than any parent would want and a cacophony or colours prevail in hair and clothing..

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I follow woman in the subway with Scoliosis who determinately walks almost bent over to ninety-degrees with only her cane keeping her from tipping onto the hard subway passage. She negotiates the crowd with purpose that her affliction will not deter. I am inspired.

At seven thirty in the morning I look down from my balcony and watch the school children with their backpacks, some bouncing, some talking, but most still waking up, making their way to the high school on the corner. One boy hurries to catch up with his classmates. Two more lag behind carelessly with their eyes directed to the street beneath their feet.

Late at night I peer through the front window of a real estate office. On one side of the desk is a young man sitting erect pointing to a document with a pen. On the other side of the table a young couple lean forward with anticipation and eagerness on their faces staring at the document and listening intently to the young man opposite.

 

When I use the washroom at the World Convention Centre I walk into a almost vacant men's room. The ladies washroom has a lineup.

I could go on and on and perhaps I will in another post ... but you get the picture.

This has been a good lesson for an old Realtor who can too easily become focused on his own world. Beyond the facade of political, economic, social and geographic boundaries we all participate in a similar world with similar conditions.

The difference in only in our uneducated perception.

The sameness is in our hearts and souls.

Each person in the world is making a contribution to their personal environment and the world. As Realtors we are part of this contribution. As Realtors we see this played out in the intimate relationship of helping people meet their needs and desires to sustain their families in a home that nourishes and protects. We are one part of the same fabric.


2 commentsMyrtle Beach Real Estate by Mirela Monte • February 27 2009 06:58PM

Optimist LOL Friday Joke: The Devil and The Old Man

 

 

It's Sunday morning service at the neighborhood church.  All of a sudden, the front doors swing open with a big bolt of thunder and the Devil descends upon the congregation.  Everyone starts screaming and running away.  All, except for a little, old man, who sits in his pew as if nothing is happening.

 

The devil walks over to him and asks:

 

"Old Man, are you blind or something?"

 

"Nope, I can see just fine", says the old man.

 

"Well, do you know who I am?" the devil asks.

 

"Yup, I sure do", says the old man.

 

"Then why aren't you afraid and running away like the rest of them?"

 

"You don't scare me!" continues the old man.  "I've been married to your sister for the last 50 years!"

 

 

*It's Laugh Out Loud Friday on the Optimist Group.  Please contribute to a good cause: give us your joke!


The Ocean Between Buyer and Seller

 

 

I remember the good ol' days when the discrepancy between the Buyer's offer and the Seller's asking price was measured by mere thousands of dollars, signifying 1%-2% of the property's value.  That disparity was like a little puddle of water we used to quickly and easily jump over and put the deals together.

 

Today I presented an offer to the bank for $165,000 less than the original asking price, a 34% reduction in value.  Ouch!  My advice:  "Take the offer!"  With 20 other properties competing for the same buyers and only one sale effected within the neighborhood within the last 6 months, we are lucky to get this offer.

 

Have I succeeded in convincing the bank to take the offer?  No, not yet!  I've sent them my reports for the neighborhood.  I've made a very compelling argument.  Tomorrow I am going to take pictures and shoot video showing my seller (the bank) other similar homes in the neighborhood that are offering just as much for less money (other REO's).

 

I hear the same thing from my bank clients that I hear from my other sellers:  "But I need to make this much..."  Dear Seller, your needs will not be met in this market!   Your wants, needs and must haves, are completely irrelevant to the Buyers! 

 

Dear Seller, I DO care about you and your property!  I FEEL your pain!  My commission is significantly reduced when the price is slashed.  But if we don't get the job done now, we might not get a similar offer again.  EVER!!!  We might join the legions of other vacant homes just lingering on the market and deteriorating from the elements.  The longer a property remains in that state, the harder it is to sell it, and the less money it will garner. 

 

Aah, the good old days of the puddle...  Now we have oceans to brave, stormy waters between Buyers and Sellers...

 

 

Mirela Monte, Your Myrtle Beach Real Estate Connection           Join me on the Optimist Group!


Persistence and Accomplishing Goals

 

 

I wanted something last year.  I wanted it badly.  I studied everything I could get my hands on regarding the subject at hand.  This goal was on the back of my mind every day and I was learning something new about it every chance I had.  AR was instrumental in that regard.

 

It took a lot of guts, but I showed up unannounced at the CEO's office.  Without an appointment, of course, he declined to meet with me.  I am not easily dissuaded, and I am typically intrepid and resourceful.  Although I did not manage to see him in person, I did garner a meeting with two of his key people.  I was vying for business and I made a very compelling argument coupled with a worthy presentation.

 

As a result of that endeavor, I accomplished my goal.  This company is now giving me all their local business. As I received yet another great listing from this source, I thanked the Lord for it and decided to write this blog for you.   Here is the recipe for achieving your goals:

 

  1. Envision exactly what you desire.  Define it to the very last detail. 

  2. Keep it in your head.  Write it down on paper.  Think about it.  Fantasize about it.

  3. Educate yourself on the subject.  You can't be a civil engineer without calculus.  You can't be an REO agent without the necessary knowledge.

  4. If you want a job, go to the TOP.  The decision maker is the one you need to talk to.  Have courage!  The Big Boss is a person just like you. 

  5. When you get the opportunity, run with it.  Deliver 110% of the goods promised.

  6. Be grateful for all that you have.  Be grateful for accomplishing your goal.  Help others get there also. 

  7. Make a new goal.

 

 

Mirela Monte, Your Myrtle Beach Real Estate Connection                    Proud Optimist!


Is it now Cheaper to Own Than it is to Rent?

Carla Zeineh and her husband recently discovered that it was cheaper for them to buy a home than to rent one.  With a 5% mortgage rate, and 20% down payment, their monthly cost on a $350,000 home would be less than the $1,800 per month they now pay on their rental condo.

 

More and more people are finding that it is now cheaper to own their own homes than it is to rent and are following in Carla's footsteps of embarking on their quest to Home ownership.

 

Using data that measures average home prices and rent payments for 54 metro areas between 1984 and 2004, Moody's Economy.com estimated that eight markets are "undervalued." In those eight markets, home prices relative to rents are below or within 5% of their historical levels.

 

The cost of owning a home relative to renting has fallen sharply.   Lower prices and interest rates, coupled with various other incentives like the $8,000 tax credit have induced many Renters to finally jump the fence into home ownership.

 

What are you seeing in your markets?  We are super busy in Myrtle Beach!

 

*Click here to read the Wall Street Journal article:  Renters Lose Edge on Homeowners

 

Mirela Monte, Your Myrtle Beach Real Estate Connection               Join me on the Optimist Group!


Media, Listen Up! The Truth from the Trenches of Real Estate:

 

 

With over 136,000 Members, our voice is now strong.   Many of you are signaling an extraordinary increase in business for the past several weeks.  Here are some of our voices on the subject of a Real Estate Market in the midst of a major transformation:

 

Myrtle Beach Real Estate by Mirela Monte:  I just pulled numbers on Oceanfront Condos in North Myrtle Beach.  What I found made my hair stand up: 24% of the North Myrtle Beach Oceanfront condos are now "Pending Sale".  24%!!!  Twenty-Four Percent!!!  Compare that with the typical 2.5% activity per month and you start seeing what I'm seeing: 10 times the activity almost overnight!  That's BIG!  That's REALLY BIG!!!

 

Gene Wunderlich :  I'm going to be posting year-end numbers for my association here soon but you're right on the money. Of our 5 city region, 4 of our cities set sales records last year surpassing sales for any of the previous 5 years. 2 cities were double 2007 sales while 2 cities were triple! Now that must be tempered by the fact that prices are down 45%+ and continue top drop and REO inventory continues to grow, but if we can keep the buyers coming in chasing these incredible deals, we'll be out of the woods before you know it. By this time next year this'll all be just an unpleasant memory. Of course at my age, I could say that tomorrow and it'd be true.

 

Kenneth Fisher (Prudential Burroughs & Chapin):  I definitely agree with going against the grain to make money.  I also think banks should reduce rates for investors.  They should continue to be very careful about whom they lend money to, but if an investor is solid, they should be able to get a rate just as good, if not better than a first time home buyer.  Otherwise, it is difficult for many of these high priced deals to make sense, as I see it. Policy makers need to wake up and smell the coffee.  Am I missing something I should be seeing?

 

Robert Rauf (REMN The Real Estate Mortgage Network):  Mirela, I keep saying... this is the year... (Well I have been saying that since the end of last year!)

I think we will all look back at this period of time and wish we took advantage of the prices.

 

Valerie Spaulding~Allyn~Belfair~Hood Canal & Mason County~WA~Real Estate~ (Windermere Peninsula Properties~Allyn~Belfair~WA):  I too have had many listing appointments this month.  Most are not ready to jump on the market, but within the next couple of months.  Of course I told them we would have to relook at numbers at that time again as well to make sure the price was right and going to work.  The buyers - well in certain price ranges they are out - looking at homes under 200k. Which there are quite a few to look at.  Hopefully buyers and sellers have decided that you know what - life needs to go on.

 

Kent Anderson (Coldwell Banker Resort Realty):  Activity is up in my market, also. Life goes on, and people have been sitting on the sidelines for a few years now. At some point, they just figure, "it's time to continue striving for my dream."

Of course, sellers better be ready to take a bath.

 

Ann Allen SRES ASP e-PRO Birmingham AL Area Homes (Keller Williams): It has been a strong January for me also.....hope it continues!

Kim Daugherty, McKinney TX REALTOR, Broker (d + b real estate):  I, too, am having a busy January. Glad to hear others are as well. I've done my best to put on my "earmuffs" on with the doom & gloom - I prefer to think about the great market DFW is experiencing. Best of luck for a great February too!

 

Anna Chroscicki:  In our local newspaper yesterday (I work in South, Central Florida, Port St Lucie) we had article about market changing: more buyers, multiple offers, properties going under contract first day on market, etc...

I noticed that too in last couple of months, but you never know if this is just your experience.... What do you see in your communities? 

 

Elizabeth Bolton - Cambridge MA Real Estate Agent (Coldwell Banker Cambridge, Massachusetts):  Things are definitely picking up in Cambridge, MA and nearby towns.  I have to say, though, that isn't it nice that the newspapers had something positive to say about real estate - it's so often not the case even when things are going relatively well.

 

Lou Ludwig CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO, (Ludwig & Associates):  There is positive change in the market increased buyers and increased sales.

 

Jim Kouns:  A relatively simple examination of our MLS shows pending sales units up about 10% from the 4th quarter of 2008 and our 2008 average sales price up 2% from 2007. In addition, our Board's listing inventory is the lowest it's been in many years.

 

Please add your own voice to this post!

 

Mirela Monte, Your Myrtle Beach Real Estate Connection              Proud Optimist!

 


Princeton Place in Little River, SC - Real Estate Historical Sales Data

 

Princeton Place - Sold in 2009:

ZERO sold

1 active listing:  2BR/2BA, 1,200 sq.ft listed for $129,900 and on the market since May of 2008.

Princeton Place - Sold in 2008

 1 Sold:  2BR/2BA, 1,200 sq.ft. home sold for $137,500 in February 2008.

 

Princeton Place - Sold in 2007

 1 Sold:  2BR/2BA, 1,200 sq. ft home sold for $143,000 in December 2007

 

Princeton Place - Sold in 2006

  

High

Low

Average

Median

LP:

$177,500

$129,900

$150,082

$144,950

SP:

$177,500

$125,000

$145,145

$141,200

  

 Price

 EstSqFtUR

 BR

 Appx Age

 ADDRESS

 Total SQFT

 DOM

 List Price

 $/Total SQFT

 Sold Price

 $/Total SQFT

 $125,000

 04 1201-1300

 2

 10 yrs.

 80 Channing Drive

 1300

 72

 $145,000

 $111.54

 $125,000

 $96.15

 $128,000

 05 1301-1400

 2

 16-20

 34 CHANNING DR.

 1338

 55

 $129,900

 $97.09

 $128,000

 $95.67

 $134,995

 02 1001-1100

 2

 18 years

 93 Channing Dr

 1100

 131

 $134,995

 $122.72

 $134,995

 $122.72

 $138,000

 03 1101-1200

 2

 18

 94 CHANNING DRIVE

 1200

 62

 $139,900

 $116.58

 $138,000

 $115.00

 $138,000

 04 1201-1300

 2

 19

 65 Channing Drive

 1300

 52

 $143,500

 $110.38

 $138,000

 $106.15

 $141,200

 03 1101-1200

 2

 19

 95 CHANNING DRIVE

 1100

 52

 $143,500

 $130.45

 $141,200

 $128.36

 $141,900

 04 1201-1300

 2

 17 yrs.

 60 Channing Drive

 1300

 43

 $144,900

 $111.46

 $141,900

 $109.15

 $155,000

 05 1301-1400

 3

 18 years

 4337 PRINCETON DRIVE

 1300

 57

 $162,000

 $124.62

 $155,000

 $119.23

 $157,000

 04 1201-1300

 2

 15

 40 Channing Drive

 1100

 30

 $159,900

 $145.36

 $157,000

 $142.73

 $160,000

 06 1401-1500

 2

 18

 4339 Princeton Drive

 1500

 38

 $165,000

 $110.00

 $160,000

 $106.67

 $177,500

 06 1401-1500

 3

 19 yrs

 53 Laurel Drive

 1250

 36

 $177,500

 $142.00

 $177,500

 $142.00

 

 

 

 

  Total Listings

 

  Avg 

  Avg 

  Avg 

  Avg 

  Avg 

 

 

 

 

 11

 

 57 

 $149,645 

 $120 

 $145,145 

 $116 

 

Princeton Place - Sold in 2005:

 

  

High

Low

Average

Median

LP:

$134,900

$99,900

$121,471

$123,900

SP:

$129,000

$94,500

$117,700

$123,000

  

 Price

 EstSqFtUR

 BR

 Appx Age

 ADDRESS

 Total SQFT

 DOM

 LP

 $/Total SQFT

 SP

 $/Total SQFT

 $94,500

 04 1201-1300

 3

 18

 4316 Princeton Drive

  

 31

 $99,900

 

 $94,500

 

 $111,500

 03 1101-1200

 2

 16

 60 Channing Drive

 1100

 19

 $109,900

 $99.91

 $111,500

 $101.36

 $115,000

 02 1001-1100

 2

 17

 4325 PRINCETON DRIVE

 1100

 6

 $119,900

 $109.00

 $115,000

 $104.55

 $123,000

 02 1001-1100

 2

 17

 32 CHANNING DR

 1077

 55

 $123,900

 $115.04

 $123,000

 $114.21

 $124,000

 01 Under 1000

 2

 10+

 45 Channing Drive

 968

 42

 $129,900

 $134.19

 $124,000

 $128.10

 $126,900

 02 1001-1100

 2

 17

 38 Channing Drive

 1001

 43

 $134,900

 $134.77

 $126,900

 $126.77

 $129,000

 04 1201-1300

 2

 17

 41 Channing Dr

 1201

 90

 $131,900

 $109.83

 $129,000

 $107.41

 

 

 

 

  Total Listings

 

  Avg 

  Avg 

  Avg 

  Avg 

  Avg 

 

 

 

 

 7

 

 40 

 $121,471 

 $117 

 $117,700 

 $113 

 

 

 

 

  

 

  

  

  

  

  

 

 

Princeton Place - Sold in 2004

  

  

High

Low

Average

Median

LP:

$114,900

$89,000

$100,982

$99,750

SP:

$114,400

$84,000

$97,588

$97,900

  

 Price

 EstSqFtUR

 BR

 Appx Age

 ADDRESS

 Total SQFT

 DOM

 LP

 $/Total SQFT

 SP

 $/Total SQFT

 $84,000

 02 1001-1100

 2

 15

 40 Channing Drive

 1000

 31

 $89,990

 $89.99

 $84,000

 $84.00

 $85,000

 03 1101-1200

 2

  

 50 CHANNING STREET

 1100

 0

 $89,000

 $80.91

 $85,000

 $77.27

 $91,500

 02 1001-1100

 2

 17

 76 CHANNING DRIVE

 1100

 14

 $92,900

 $84.45

 $91,500

 $83.18

 $93,000

 04 1201-1300

 2

 17

 4321 PRINCETON DRIVE

 1300

 5

 $95,900

 $73.77

 $93,000

 $71.54

 $95,500

 02 1001-1100

 2

 17

 88 S Royal Court Princeton Pl

 1

 2

 $99,000

 $99,000.00

 $95,500

 $95,500.00

 $95,800

 03 1101-1200

 2

  

 94 CHANNING

 1100

 55

 $99,500

 $90.45

 $95,800

 $87.09

 $100,000

 04 1201-1300

 2

 17

 80 CHANNING DRIVE

  

 62

 $100,000

 

 $100,000

 

 $100,360

 05 1301-1400

 2

 16

 71 CHANNING DRIVE

 1382

 153

 $110,900

 $80.25

 $100,360

 $72.62

 $101,000

  

 3

  

 4314 Princeton Place

 1210

 137

 $104,900

 $86.69

 $101,000

 $83.47

 $102,000

 08 1601-1700

 3

 17

 82 CHANNING DRIVE

 8

 14

 $104,900

 $13,112.50

 $102,000

 $12,750.00

 $108,500

 07 1501-1600

 3

 17

 92 ROYAL COURT

  

 5

 $109,900

 

 $108,500

 

 $114,400

 06 1401-1500

 3

 16

 56 LAUREL DRIVE

  

 6

 $114,900

 

 $114,400

 

 

 

 

 

  Total Listings

 

  Avg 

  Avg 

  Avg 

  Avg 

  Avg 

 

 

 

 

 12

 

 40 

 $100,982 

 $12,522 

 $97,588 

 $12,089 

 

 

Princeton Place - Sold in 2003

  

  

High

Low

Average

Median

LP:

$104,900

$77,900

$92,584

$93,450

SP:

$98,000

$77,500

$89,466

$91,200

  

 Price

 EstSqFtUR

 BR

 Appx Age

 ADDRESS

 Total SQFT

 DOM

 LP

 $/Total SQFT

 SP

 $/Total SQFT

 $77,500

  

 2

 15

 93 CHANNING DRIVE

  

 58

 $77,900

 

 $77,500

 

 $82,500

  

 2

 14

 50 CHANNING DRIVE

  

 261

 $89,404

 

 $82,500

 

 $87,500

  

 2

 14

 4333 Princeton Drive

  

 76

 $92,000

 

 $87,500

 

 $94,900

  

 2

 14

 58 CHANNING STREET

  

 340

 $94,900

 

 $94,900

 

 $96,400

  

 2

 15

 58 LAUREL DRIVE

  

 136

 $96,400

 

 $96,400

 

 $98,000

  

 3

 15

 69 LAUREL DRIVE

  

 24

 $104,900

 

 $98,000

 

 

 

 

 

  Total Listings

 

  Avg 

  Avg 

  Avg 

  Avg 

  Avg 

 

 

 

 

 6

 

 149 

 $92,584 

  

 $89,466 

  

 

Mirela Monte, Your Little River SC Real Estate Connection                   


2 commentsMyrtle Beach Real Estate by Mirela Monte • February 21 2009 11:58PM

Seven Websites To Help You Determine If The Neighborhood is Right For You:

 

FamilyWatchdog.us  furnishes maps with exact locations of registered sex offenders.  Just fill in the neighborhood you are thinking of buying into, or the address of the home you are considering and the site will provide you with exact locations of any registered sex offenders in that area.

 

Crime statistics:   This CityRating.com was eye opening for me.  It's certainly worth a look.

 

National Crime Prevention Council   Home and neighborhood Safety tips by the National Crime Prevention Council.

 

Neighborhood Safety Network   Provides tool kits for your family's safety - everything from crime prevention to product recalls, fire safety, pool safety, even carbon monoxide guidelines and preventative measures.

 

City-Data.com     Provides information on everything from demographics to crime statistics and everything in between.

 

RottenNeighbor.com   Does the home you're considering buying have a rotten neighbor, dogs barking at night or partying teenagers?  Check this site for the good, the bad and the ugly of the neighborhood you are considering buying into.

 

WalkScore.com   How close are you to the grocery stores, medical facilities, restaurants and the gym?  WalkScore.com will reveal the "walkability" of a particular area.  The higher the score, the more walkable it is.

 

Mirela Monte, Your Myrtle Beach Real Estate Connection                                       Proud Optimist!

 


Agents Using Cheap Lockboxes: A Legal Liability Waiting to Happen?

Our MLS lockboxes are very expensive - they cost just above $100.  They are computerized lockboxes that take a reading of every agent showing the property.  The listing agent can get on the Supra Website (the Lockbox Vendor) and ascertain exactly when the property was shown and the agent who showed it. 

 

The agent's name, telephone number and e-mail address is included, so the listing agent can quickly follow up on the showing and see how it went.  Staying on top of the showings has been very beneficial to me as a listing agent.  Possible problems are ascertained early on and corrected.  Objections are addressed promptly and offers are encouraged more efficiently.

 

Our MLS lockboxes are extremely safe:  they are programmed to allow access into the property only between 9am and 9pm.  Unless the person trying to gain access to the lockbox is a registered, active board member in good standing, he will not be allowed to penetrate the lockbox, which is indeed impossible to break into.  Each agent is assigned a special Supra Key that has several layers of pass codes and protections, so that a lost key is virtually useless to anyone else other than the agent the key was issued to.

 

In spite of all the advantages a computerized lockbox confers, many agents in our area do not use them due to their high cost, opting instead for the very unsafe lockboxes priced under $20 and easily available at most hardware stores.  These cheap lockboxes have a code you can program for access, a series of three or four letters or numbers.  If you give someone the code, they can come back again and again and gain access to the property at any time.  If the numbers are not rolled back after the showing, any intruder can also gain access to the property. 

 

In my opinion these lockboxes are extremely unsafe, and I will not use them on any of my listings.  They are a legal liability waiting to happen and I am perturbed by their frequent usage in our market area.  I am amazed that some very expensive homes with high end furnishings have these flimsy lockboxes on.  I wonder why the Sellers are not asking their Agents some hard questions... 

 

What are your thoughts on this subject?

 

Mirela Monte, Your Myrtle Beach Real Estate Connection                     Join the Optimist Group!

 


Never Underestimate the Power of a Kind Word:

  

Our words are powerful.  What we say to people DOES matter.  We impact each other much more than we think.  To illustrate this, here is a letter I just received from a young girl who was my favorite cashier at my local grocery store:  (I took out the particulars to retain her anonymity)

 

Hello Mrs. Monte,

I'm not in ______, I emailed you I guess you didn't get it. I finally got out of the "miserable" world of _______ (grocery store). I am now a U.S. Marine and I'm stationed in ________, _____. I got tired of being in limbo and not really doing anything so I just decided to go into the service because that's what I've always wanted. I'm still going to school because I still really want to be a psychologist and I'm determined to make it.  I left and didn't tell anyone that I was leaving and you always seemed so concerned with me succeeding in life and not getting stuck. I just wanted you to know that I appreciated every kind word you ever said to me. Thank you, you will never know how much it actually meant to me. 

Respectfully,

_______-_______

 

I never thought twice about what I said to her.  She was a very smart and focused young lady, a hard worker I admired a great deal.  I always asked for an update on her life every time she checked out my groceries.  She was not born with a silver spoon in her mouth, yet she worked many hours and put herself through school.  I gave her my business card and offered my help if she ever needed it.  I was proud of her and always let her know it. 

 

Her letter touched my heart.  I will print it out and put it in my treasure box, a place where I keep these sentimental things.  If I ever feel down, all I have to do is go through that box; it will lift my spirits in no time.  Positively impacting another person's life means more to me than all the money in the world. 

 

I would love to hear from you on this.  How have your words impacted someone else's life?

 

 

 Mirela Monte, Your Myrtle Beach Connection                             Join me on The Optimist Group!

 


Brookgreen Gardens, Myrtle Beach, SC - The Most Enchanting Outdoors Museum in the World

BROOKGREEN GARDENS:  Located between Murrells Inlet and Pawleys Island, Brookgreen Gardens is a National Historic Landmark and a display garden with the World's most extensive collection of figurative sculpture by American Artists in an outdoor setting.

Brookgreen has the only zoo accredited by the Association of Zoos and Aquariums on the Carolina Coast. Brookgreen Gardens offers tours, programs, and archaeological sites for visitors to explore.  I have a yearly membership to this majestic place and it is my number one recommendation for your visit to Myrtle Beach. 

Beautiful gardens adorned by enticing sculptures, this place is unlike any other you've ever seen, an exquisite convergence of the best that nature and art have to offer.  It is simply the ideal place for a wedding, a romantic walk or a perfect outing.  If you are lucky enough to make it to Myrtle Beach in the spring, a visit to Brookgreen Gardens should be mandatory, for you will be hard pressed to find a more enchanting park than this one, with the azaleas and magnolias in full bloom and the many birds that call this majestic place home back from their migration.  Bring your cameras!

 

Mirela Monte, Your Myrtle Beach Connection                                             Join The Optimist Group!


I'm in Better Hands Now...

 

 

It's hard to stand on shifting sand.

It's hard to shine in the shadows of the night.

You can't be free if you don't reach for help...

And you can't love if you don't love yourself.

There is hope when my faith runs out,

‘Cause I'm in better hands now...

 

For all of us with heavy hearts, missing loved ones lost...  This song will bring a tear or two, but somehow still manages to put it all in the right perspective.  Priscilla and Deirdre...  I'm thinking of you.  This song is for John...

 

Mirela

 


5 commentsMyrtle Beach Real Estate by Mirela Monte • February 19 2009 06:25PM

Snapshot of the Real Estate Market: Let's Take Control of This!

 

 

How is your market today? 

 

Generalizations don't work.  We get enough bad news from the media.  Our politicians don't seem to understand the Reality and Ramifications of Real Estate Activity either.  We are fractioned and confused. 

 

Let's change all that!  Let's get together and create our own accurate data.  Here is my proposal:  Let's answer the following questions on a monthly basis.  We can create our own Real Estate Forum and measure the Real Estate temperature of various areas.  These questions will help you understand your own, unique market and allow the rest of us to have a better overall picture of what is happening and how it compares to our neck of the woods (or strip of sand as in my case):  

 

 

•1.                 How many properties do you have for sale in your MLS?

•2.                 How does that figure compare with last year's and the year before?

•3.                 What is the sales activity per month on single family homes, condos, multi-family, land and commercial?

•4.                 What is the absorption rate for all of the above?

•5.                 How does that compare with last year and the year before?

•6.                 How do January's sales figures compare with January of last year?  How does that compare with November and December of last year?

•7.                 What is the best selling product in your market?  What is the worst selling product?  Why?

•8.                 How much of your market is foreclosure related?  How many foreclosures have occurred in your market in January and February?

•9.               What are your observations on local financing?

•10.            What are your observations on local appraisals?

•11.            What is the best advice you would give a Buyer in your market?

•12.            What is the best advice you would give a Seller in your market?

 

Please indicate if you intend to participate to this Forum.  Over the next few days please compile your data and post it as a comment here.  I will then copy and paste your statistics into a new blog I will be posting over the next few weeks.  With proper participation, I will continue to post these same questions every 30 days and compile monthly data based on your responses.  Please let me know what you think of this!

 *Please post your answers on the new group, formed solely for this purpose: SNAPSHOT OF THE REAL ESTATE MARKET.  Thank you for your participation!  Thank you for taking back control!

Mirela Monte, Your Myrtle Beach Real Estate Connection          

 

Proud Optimist!


My thoughts on the housing bailout plan

This illuminating post so beautifully written by Zillow's Spencer Rascoff, is well worth reading.  It presents some interesting facts and raises important questions.

Mirela Monte, Your Myrtle Beach Real Estate Connection                                  Join The Optimist Group!

Via Spencer Rascoff (Zillow):

Prepping for my CNBC appearance tonight forced me to dig into the housing bailout plan in a way that I might not otherwise have found time to do. I find this stuff really fascinating because it's at this beautiful intersection of several of my favorite disciplines: politics, economics and real estate. I majored in Government as an undergrad at Harvard, and studied Economics there as well, so I enjoy playing armchair economist and political theorist every now and then.

 

Here are my thoughts on today's announcement. And let me preface this by saying these are MY thoughts on the bailout plan, not Zillow's official thoughts. (Zillow officially doesn't have an opinion on this.)

 

First, today's plan will NOT turn around the housing market. It WILL somewhat reduce the number of new foreclosures (though I think many people are overestimating the reduction it will cause, considering the fact that it only applies to Freddie/Fannie loans which are only 60% of the market, and it only applies to people with a small amount of negative equity. And it's voluntary.) Reducing the tidal wave of foreclosures is good for home prices because it reduces inventory (or avoids further increases in inventory). This is why I applauded the huge drop in new housing starts announced today.

Foreclosure prevention will somewhat help the housing market stabilize, and it will obviously help the homeowners in question. But if you're looking for a REAL stimulus to the housing market, keep looking. The fact is that two things need to happen before home prices stabilize and start increasing:

1. We need to see stabilization in the labor market. Specifically, employees need to be able to stop worrying about lost wages from underemployment, and unemployment needs to return to the 5-7% range.

There were three pieces of big housing news today: 1) the Obama housing bailout plan, 2) the reduction in housing starts, and 3) the Fed put out a new forecast of unemployement for 2009: 8.8% by the end of the year. Frankly, this third piece of news which was the least reported is probably the most important of the three in terms of impact on the housing market.

2. Homebuyers have to feel confident that we're at or near a bottom. Zillow's research shows that a striking 70% of American homeowners think their home will increase in value or stay flat over the next 6 months. But buyers aren't walking the walk. Credit goes to Brian Brady for calling my attention to this point today. Too many buyers are sitting on the sidelines, not making offers because they don't want to buy too early. We're not going to have a housing market turnaround until those buyers start to make offers, and they're not going to make offers until they feel that we've already hit a bottom.

 

More specifically, here's what I like about today's plan:

- Donald Trump Jr and I agree on this much: it's a good thing that bankruptcy judges will now be permitted to rewrite the terms of mortgages in bankruptcy court. Corporate bankruptcy judges have always been able to rewrite material contracts when companies file for bankruptcy protection -- witness the countless labor contracts for bankrupt airlines that judges have ripped up in bankruptcy. It's about time that personal bankruptcy judges have the same latitude.

Some have argued that this will increase borrowing costs to mortgage holders in the future because the risk associated with a potential loan being able to be negated in court will have to be priced into all loans. Yes, I concede that in theory this is true. So what? It's true of corporate borrowing costs also, in theory, and life goes on. If an individual goes bankrupt, the contract detailing their single biggest liability -- their mortgage -- needs to be on the table for a bankruptcy proceeding to address.

- I like the incentive that the government is giving to loan servicers to try to work out troubled mortgages directly with borrowers. Alex Perriello gave a great speech at the NAR Convention in Orlando imploring the thousands of Realtors in the audience to spread the word among their client list: before you're foreclosed upon, please speak with your lender! Alex said that in between half and 2/3 of all foreclosures, the lender and borrower never even speak to one another. He pointed out that frequently borrowers are embarassed or confused, so they do nothing. The government's actions today -- offering a few thousand dollars to the borrower and servicer for each loan that is modified -- will definitely spark those conversations.

 

 

What I don't like about the plan:

- the part of the plan that I like least is the one that introduces enormous moral hazard on the part of borrowers: it basically rewards homeowners who fall behind on their mortgage by paying them a few thousand bucks to stay CURRENT on their mortgage. I think that creates strange incentives.

- To be honest, the whole dang plan is a little hard for me to swallow because I've always been a believer in free markets: if a foreclosure is meant to happen, or a company is meant to go bankrupt, then let it happen. It's impossible to hold back the tides. HOWEVER, we're living in extraordinary times, and my economic liberterianism is now outweighed by my pragmatism.

 

 

I also have to use this opportunity to point out that on March 23, 2006, I wrote the following post titled "The Tidal Wave Is Coming" on Zillowblog:

"I’m usually a pretty optimistic guy, but I’ve started to see some scary things on the horizon. And I’ve gotta pass it on. Check this out: 9.4% of all mortgage borrowers now have no equity or negative equity in their home, and 29% of new mortgages last year had no equity. $800 billion worth of mortgages owe more than their homes are worth, and that’s optimistic since it assumes no reduction in home values. One study estimates that if home prices fell by 10%, the share of 2005 homebuyers with negative equity would shoot up to 48%. Yikes! What happens when all those interest only mortgages flip from their low fixed rates to a much higher variable rate? A lot of homeowners who bought houses beyond their means a few years ago via low introductory rate ARMs are suddenly going to find themselves unable to pay their new higher mortgage. And guess what? They have no equity in their house. So they’ll have to sell and/or dramatically reduce their consumption. This is a disaster waiting to happen. This analysis says it all: 'Many homes were sold with Adjustable Rate Mortgages in 2003 and 2004. Now, we are seeing more than $2 trillion…of these mortgages coming up for a reset in their mortgage rates. My back of the napkin calculations suggest interest payments are going to eat up at least another $3 billion a month in consumer spending capacity over the next year. In a $12 trillion economy, this is not all that large, but it will suck almost 1/2 of 1% of consumer spending potential out of the economy.'

Sorry to be such a downer, but I’m worried about the impact that this will have on housing prices and more importantly on the overall American (and global?) economy."

 

 

Wow, sometimes I hate being right.

 

 

Update:

Torsten Stok is the macroeconomist at Deutsche Bank. I think he's one of the best. Torsten just put out this research report which basically agrees with my post but is chock full of interesting data and charts.

 

 

Gep 18feb09


4 commentsMyrtle Beach Real Estate by Mirela Monte • February 18 2009 11:03PM

Good Morning Myrtle Beach!

 

In Myrtle Beach the sun rises above the ocean.  Around this time of year that happens right before 7am (6:50). 

 

Watching a Myrtle Beach sunrise should be on your list of things to do in this lifetime. 

...But don't take my word for it; here is the spectacular evidence:

 

 

What do you think?  When are you coming to Myrtle Beach?

 

Mirela Monte, Your Myrtle Beach Real Estate Connection                    Join me on The Optimist Group!


9 commentsMyrtle Beach Real Estate by Mirela Monte • February 18 2009 07:34PM

Bank Owned Charleston Style Home on the River in Georgetown, SC

 

Beautiful Home in pastoral setting only steps from the River and the Marina.

 

This one year old, 2-story Charleston style home boasts the finest in workmanship, with distressed oak flooring, gas brick fireplace, stainless steel appliances, wall oven, gas cook top, upgraded fixtures and a bonus room. 

 

With 4BR/3.5BA and 3,400 sq. ft. of space, with lots of windows and porches taking advantage of the great views, this home is truly a delight.

 

Located in Georgetown, about 40 minutes to Charleston and 30 minutes to Myrtle Beach.

 

Priced at $564,900.  Bring all offers!  This is a bank owned home.

 

Myrtle Beach Real Estate by Mirela Monte                  Myrtle Beach Real Estate and Vacations


Waterway Bank Owned Home in Myrtle Beach, SC

All Brick, 4BR/3BA Masterpiece is located in the fine Myrtle Beach Waterway Community of Carolina Waterway Plantation. 

 

This brand new, 4,000 sq. ft. home has access to the Intercoastal Waterway and it is remarkable in every way: 16 ft. ceilings, hardwood floors, double fireplace, custom tile work, 50 year shingled roof, huge walk in closets, 2 car plus golf cart garage, spacious gourmet kitchen with stainless steel appliances, granite countertops. 

 

Located in the heart of Myrtle Beach with easy access to every major freeway, this home is bank owned and will not last long.  Hurry!

 

Priced at $489,900                   Bring all offers!

 

Myrtle Beach Real Estate by Mirela Monte                                      Myrtle Beach Real Estate and Vacations!


4 commentsMyrtle Beach Real Estate by Mirela Monte • February 14 2009 10:58PM

Maison Place - The Perfect Beach Condo in The Arcadian Section of Myrtle Beach

 

 Maison Place - The Perfect Beach Condo in The Arcadian Section of Myrtle Beach

 

 

This immaculate, first floor 2BR/2BA Beach Condo is mere steps to the Blue Atlantic.  

 

Located in a tranquil, verdant area, with the marsh right behind it, this superior condo has everything you need in a second home at the Beach. 

 

Although a few short steps to the Ocean, Maison Place does confer special golf cart parking.  With extra storage, a spacious screened porch, a delightful kitchen, this condo is a perfect second home in Myrtle Beach!

 

Myrtle Beach Real Estate by Mirela Monte                       

Check out the website for this fine Beach Condo at: www.MaisonPlace.info


3 commentsMyrtle Beach Real Estate by Mirela Monte • February 14 2009 07:45PM

Happy Valentine's Day to All You Non-Believers!

 

I've been reading the blogs here and it seems that some of you have wonderful, amazing relationships.  Congratulations!  You are in the minority.

 

The majority of people are either:

 

•a.                 not in a relationship, but hopeful for the future;

•b.                 not in a relationship, and cynical about the prospect of ever finding "the right one";

•c.                  in a relationship, but hoping to be in another relationship by next Valentine's Day;

•d.                 in a relationship, and counting the minutes till "D-Day".

 

Valentine's Day is yet another holiday reminding those of us who are lacking in the romance department about our less desirable status.  While the whole world is celebrating and Cupid is shooting his arrows all over the place, those of us in either one of the above classifications are just biting at the bits for this holiday to be over.   Who needs all that chocolate anyway?  I prefer St. Patrick's Day!  Green Beer anyone?

 

Just FYI, do you know more people who are in genuinely good relationships, or more card carrying members of one of the above classifications?  Please do tell!

 

 

Mirela Monte, Your Myrtle Beach Connection                                         

 

Join the Serial Monogamy and Real Estate Group, previously called "Divorce and Real Estate Group", previously called "Soul Mate Nr. 23"                                               


Google, Yahoo and Microsoft are staging the Web

 

Via Maureen McCabe - Central OH homes (Real Living HER - Worthington office):

Interior shot of staged homeWe talk about staging homes here on ActiveRain, a big part of home staging is de-cluttering. The good news Google, Microsoft and Yahoo are getting together for some spring cleaning and de-cluttering of the web.

"Google, Yahoo and Microsoft Collaborate to Clean Up Web" by reporter Miguel Helft in the Bits Column on the New York Times site quotes Matt Cutts:

"There is a lot of clutter on the Web and with this, publishers will be able to clean up a lot of junk,” said Matt Cutts, an engineer who heads Google’s spam fighting efforts. “I think it is going to gain traction pretty quickly.”

This is not about fighting malicious spam on the web though, it is about naturally occurring "duplicate content," non malicious duplication that the search engines sort through the best they can, now. They've just decided to collaborate and use a new tool to de-clutter the web.  The Big Three (search engines that is...) are cooperating  to sort through the kind of duplicate content that is not trying to game the search engines. 

It's a new web standard.  I first read about the collaboration on Search Engine Land in "Google, Yahoo & Microsoft Unite On “Canonical Tag” To Reduce Duplicate Content Clutter"  yesterday.  It is way over my head. 

Each of the three big search engines announced their intent to combine to clean up the Web on their own site.  The Google Webmaster Central Blog has their announcement  "Specify your Canonical"  using a Swedish Fish example.

The canonical url is the real thing.  It's authoritative.

I think the explaination on the Microsoft blog is the easiest to understand:

"... Live Search has partnered with Google and Yahoo to support a new tag attribute that will help webmasters identify the single authoritative (or canonical) URL for a given page. The link tag defines a relationship between a document and an external resource. In this case, that resource is the canonical URL. The following is an example of the new link tag attribute for canonicalization:

<link rel="canonical" href="http://mysite.com"/>  "

ActiveRain

There's been worry about duplicate content on ActiveRain since the beginning.  When Localism was first introduced "duplicate content" became a worry for some... Same content showing up under two diffferent URLs.   Then ActiveRain introduced "Outside Blogs" or  the "antiquated and hilariously dilapidated" Outside Blogs which have now been replaced with "Individual Blogs."  Three urls same content.  Then there's "re-blogging" which some members think is evil.   Applicable?

Think of it from the point of view more of it being easier for you to find things via the Internet than something to put on your list to do... or even to understand.... Google, Microsoft and Yahoo are going to do all the heavy lifting, the people behind the scenes will work on the details for those of us who are clueless and confused. 

The  web will look better for the clean up.


0 commentsMyrtle Beach Real Estate by Mirela Monte • February 14 2009 03:01PM