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In Mortgage News: Apprasial Changes for Thursday

by The Zac Team at Ponce Realty

Appraisal Changes


It seems like an annual tradition at this point, but brace yourself as major appraisal changes are headed to the mortgage industry again.  The Uniform Appraisal Dataset (UAD) is a set of new reporting requirements that will be going into effect on September 1st for all single-family mortgage loans delivered to Fannie Mae and Freddie Mac, so this affects all Conventional loans.  The word on the street is that FHA plans to follow suit shortly after this goes into effect, so it appears these changes will apply to all loan types moving forward except VA.  The stated goal of the changes is to make sure that appraisals are conducted and communicated consistently, accurately, and effectively.  The reality is that these changes are going to greatly impact the flow of business at seemingly just the wrong time as appraisers and lenders are already terribly busy right now as the super low rates have created a surge in refinances.  The significant appraisal changes will include the following:

  • New appraisal forms
  • New appraisal methodology, terminology,  and coding (more details on this in the last paragraph below)
  • Stricter compliance requirements due to increased government regulation
  • Appraisers will be required to do more research, especially as it relates to improvements made to the property (a description including the condition and quality of all improvements to a home and its basements must now be included in each appraisal)


WM on P - August 31, 2011 -Case Shiller Reports 1.49 % Increase

by The Zac Team at Ponce Realty

Find out more about Ponce Realty at www.JoinPonceRealty.com

Welcome to our Wednesday Mornings on Ponce enewsletter!


Dear friends and colleagues,

Case Shiller reports show that Atlanta's market is similar to that of June 2000. There was a decline in March but now things are back up as usual in the spring market. The numbers are below:         

March 2011 100.33 -0.35%
April 2011 101.81 1.48%
May 2011 102.80 0.97%
June 2011 104.33 1.49%

Scam Artists Continue to Use Craig's List. Sellers and/or buyers of homes, cars, TV's and miscellaneous items use Craig's List as a go-to. Con-men and con-women follow likewise...Read about the most recent real estate scam in San Francisco.

Broker confronts President Obama. Recently, one woman, Luanne Levine, got face time with the President as well as a lot of media attention for asking tough housing questions. Watch video here! (Start at 21:00 mark)

 Joke of the week.  

 Inman Cartoon

Major appraisal changes are coming soon. Major apprasial changes are headed to the mortgage industry again! Read about the apparaisal changes.

Coach's Corner. Dirk Zeller is coming to Atlanta on Wednesday, Sept. 14! Click here to register for this motivational speech about today's marketplace.

"Everything is always impossible before it works. That's what entrepreneurs are all about;doing what people have told them is impossible." R. Hunt Greene, Venture Capitalist

Skateboarders need homes too! Check out this homes' features for former pro-skater, Peierre Andre Senizergues.

CDPE course is coming back to Atlanta on September 29 & 30 at the Atlanta REALTORS Center. Mike Pritchard arranged for a $150 discount. You can learn more about CDPE or sign up with this link. Click Here for more information. Use discount code ECD007. Call Mike for further discounts at 512-870-2373.

Agent wanted! Zac is looking for one additional agent to help with all of our leads! With our sophisticated lead generation and management platforms, high-level technology, and high energy sales environment, you'll wonder why you didn't start at Ponce realty sooner! Did we mention that we fill buyer's agents' lead pipelines with company leads? For details on our plans and how to grow YOUR business, please contact our broker at 404.564.7272 for a confidential interview.

Zac Pasmanick and Ponce Realty on LinkedInJoin us on Linked In! Connect with Zac and see what we're up to over at Ponce Realty! 

 

Have a great week!
Your colleagues at Ponce Realty

 

To ensure that these newsletters are delivered to your inbox (and not inadvertently diverted to a bulk or junk email folder by spam filters), be sure to add wednesdays@poncerealty.biz to your email address book or contact list. To change your email preferences, click on the link at the bottom of this email.

COMING SOON - Morningside home for sale at 1614 Johnson Road, 30306

by The Zac Team at Ponce Realty

This elegant brick Tudor in Johnson Estates, Morningside will absolutely take you by surprise! Originally built as a triplex, 1614 Johnson Road was transformed into a spacious single family home. With 5 bedrooms and 3.5 baths, you'll find plenty of space for everyone.

Beautiful brick Tudor home for sale in Johnson Estates, Morningside near Emory University

Discover the beautiful hardwood floors, arched doorways, enclosed porch, relaxing sunroom, and a large deck in the back. Upstairs suite includes a kitchen and office nook. In addition, there is a den/office that can be used as a sixth bedroom. An added bonus is the 3-car garage - a rare find intown! The wonderful corner lot offers more yard for your money!

This part of the neighborhood is encircled by Daniel Johnson Nature Preserve with walking trail through the woods, as well as the greenspaces of Noble Park, Homestead Park, and Hickory Grove Park. Just over a mile away, you'll reach the CDC and Emory University!

Beautiful brick Tudor home for sale in Johnson Estates, Morningside near Emory University

1614 Johnson Road is not yet on the market, so please call us for more information or to schedule a showing before the general public knows about it! 404.564.7204 or 404.564.7272.

Atlanta real estate jobs available!

by The Zac Team at Ponce Realty

Hello neighbors,

Contrary to what the media might tout, the real estate market is strengthening in Atlanta. Every day, we have buyers and sellers come to us and ask for our help in buying their dream home, selling their Atlanta home, or investing in real estate to build wealth. Because of this, The Zac Team is looking for more Atlanta real estate agents to work with all of our new clients!

If you know someone in the metro Atlanta area who would like to boost their career in real estate, please have them contact Zac Pasmanick at 404.564.7272 or zac@zac.biz. We have sophisticated systems to help agents reach new people and manage their clients so that we can maintain the high level of service our customers deserve.

We're excited about what the Atlanta real estate market holds and appreciate our neighbors spreading the word. We would love to hire locally in keeping with our spirit of the intown Atlanta market. Jumpstart your Atlanta real estate career today with The Zac Team!

Intown Atlanta condos sales up + REO rental bill?

by The Zac Team at Ponce Realty

Find out more about Ponce Realty at www.JoinPonceRealty.com

Wednesday Mornings on Ponce

Every week, Ponce Realty sends out an enewsletter with updates, stories, and general info about the real estate industry in Atlanta and across the nation. If you would like to receive this weekly, please email wednesdays@poncerealty.biz!

Is it time to change the sales environment? Consumers don't want to be sold or pressured these days. Times are tight and one way to ensure your clients stay with you is to make yourself indespensible.

Average interest rates. The economy may be down, but our interest rates have never been better! Here is a chart displaying the average interest rate for 30 year fixed loans since 1991.

Atlanta's intown condo market improving. In the first half of this year, condo sales and contracts have amounted to 482. Out of the 93 active condo project in intown Atlanta, 6,817 are available. Read more about the supply and demand of the intown condo market.

Joke of the week. A real estate agent walking along the beach found a bottle. When he rubbed it, lo and behold, a genie appeared. "I will grant you three wishes," announced the genie. "But since Satan still hates me, for every wish you make, your rival gets the wish as well -- only double."

The real estate agent thought about this for a while. "For my first wish, I would like ten million dollars," he announced. Instantly the genie gave him a Swiss bank account number and assured the man that $10,000,000 had been deposited. "But your rival has just received $20,000,000," the genie said.

"I've always wanted a Ferrari," the agent said. Instantly a Ferrari appeared. "But your rival has just received two Ferraris," the genie said. "And what is your last wish?"

"Well," said the salesman, "I've always wanted to donate a kidney for transplant." 

Renting REOs. A proposed bill, Neighborhood Preservation Act of 2011, is calling for banks to rent out unoccupied foreclosures while the market stabilizes. Homeowners facing foreclosure could also sign rental agreements to stay in their homes.

Coach's Corner. Dirk Zeller shows champions how to develop your pricing philosophy in this week's edition of his weekly newsletter.

"Did you ever walk into a room and forget why you walked in? I think that's how dogs spend their lives." - comedian Sue Murphy

Quick Response code apps. If you haven't yet downloaded an app to your phone to read QR codes on the go, here's a list to get you started! On August 12, the DeKalb Board of Realtors is hosting a brown bag lunch session on QR codes - more info here!

Agent wanted! Zac is looking for one additional agent to help with all of our leads! With our sophisticated lead generation and management platforms, high-level technology, and high energy sales environment, you'll wonder why you didn't start at Ponce realty sooner! Did we mention that we fill buyer's agents' lead pipelines with company leads? For details on our plans and how to grow YOUR business, please contact our broker at 404.564.7272 for a confidential interview.

Zac Pasmanick and Ponce Realty on LinkedInJoin us on Linked In! Connect with Zac and see what we're up to over at Ponce Realty! 

 

Have a great week!
Your colleagues at Ponce Realty

Displaying blog entries 1-5 of 5

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Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
1189 S. Ponce de Leon Avenue
Atlanta GA 30306
Office: 404-564-7272

• Facing foreclosure? There are options! Please visit www.SavingFamiliesFromForeclosures.com for a personal consultation

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