Summers End

Make Money On Line

The equity you build in your principle residence is tax free. Most of the wealth created over time is created by owning your own home. The sooner you own a home the quicker you will become financially independent. Renting will keep you poor. These are all time proven facts.Today many people are confused because there is so much negativity night after night being broadcast on the news. For example housing sales dropped 27% in the USA in the month of July compared to last year. Supposedly the single biggest drop in history. Canada after seeming to being immune to this recession is now seeing h... From: Real Estate The Most Important Fact You Need To Know.

I would like to explain how leverage can be the essential ingredient to creating wealth by investing in real estate. We all understand there are many types of property to consider when buying real estate as an investment. Each property is unique and can be bought with various goals in mind for ROI (return on investment) . Income producing real estate is bought with the emphasis on the cash flow it produces while land might be purchased with hopes of appreciation over time. The average person with $100,000 who buys a $100,000 property. Who pays cash and then sells it for $125,000... From: How Real Estate and Leverage Can Create Wealth

How Will Redgage Do as a Social Media

How will Redgage do as a social media ???If you can imagine yourself standing on a beach watching the ocean. If you can visualize the ocean as the internet. Each wave is a change or new adaptation that the internet will apply to our daily lives. Those people that catch the wave or cause it become the next success on the world wide web. I believe that redgage is one of those waves and I'm glad to have caught it. Although I do not have the time to utilize it fully by repaying all comments in kind (which is just normal social media appreciation and i apologise to my new friends) I do recognize the potential of redgage. You see the greatest human want is appreciation because it is so rare. Redgage has made an extremely intelligent decision to reward their members for supporting them. Thus saying we appreciate you. Facebook has edged Google out for traffic and most online marketers have come to hate google and are flocking in droves to spend their hard earned money on facebook. Niether google or facebook make any attempt to show their appreciation. Look out google !!! Look out facebook !!! Because redgage is coming on strong !!!!

Our newest employee

Writing an offer ?????

Now where's that listing?

Just a minute while I check it out.

Ava taking a call

Hi everyone here we are in the middle of March and after a slow winter the real estate market is finaly starting to blossem. I sold my own listing this week for $129000 and I just got buyers approved for a $225,000 mortgage. I listed two good listings one at $299,900 and one at $329,900 so I'm starting to feel a little better. Rose sold one of Jenny's listings (Alton Road $169,900) subject to the sale of a little house in Stewiacke and Rose has an accepted offer on it. ALL CONDITIONS MET. That is great we have closings coming in. So hopefully cashflow is improving. Let's hope we all prosper this summer.

Many people ask me how I've managed to keep my daughters interested and involved in the business. Especialy other business owners. Well here's one of my secrets here's some photos of my grand daughter Ava in training.

Some People

Well we are working our way through a tougher winter than expected. My saving grace has been appraisals as sales have been unusaly slow.

Our real estate market stalled in mid october last year and has only sputtered since. The interest rates are the lowest in history but I've never seen credit this tight. The lenders have put policies in place that eliminate most purchasers that would have qualified for a mortgage only 2 years ago. That is the reality on the ground and that means this is going to be a slow recovery and a longer down turn. It took us 35 years to get to 100% financing and 40 year ammortizations. Now because some financial cowboys in the US built a house of cards that collapsed we will be paying the price for years to come. Now even if the lender wants to do the deal the high ratio insurer is getting tougher. This is an obvious reaction to more and more foreclosures and them seeing more lossess coming down the pipe. Another big impact on the market is the banks utilizing appraisal management firms instead of the local lender being able to call a local appraiser. This results in erratic and inconsistant appraisal values especialy in rural areas where accurate comparables are unavailable and an appraiser unfamiliar with the area compensates by being overly conservative. The lender has lost the ability to call a local appraiser familiar with the area and thus is farther removed from providing the customer with the service and results the customer would like. Of course we all know the banks and government operate in similiar manners. Both spend a fortune advertising how much they do for us while in reality it is the opposite. All of these changes have combined to basicly kill the goose that laid the golden egg which was the housing market. I hear the stories and watch the news about the hot housing market in Canada. That's not here not now and I don't think we are going to see a hot housing market for a while. The tight lending policies and changes in the appraisal process have combined to elimate too many buyers from the market place. Some people will have to come too their senses before things are going to get better and I don't see that happening in the short term. I hope I'm wrong but it's time to prepare for the worst. Recovery in sight ? Bah Humbug the recession is just realy beginning. We've only seen the tip of the iceburg.