Techsperts

We are so thrilled to have Liz Deardorff in our office. Liz is our e-marketing coordinator. She helps the agents with social marketing and electronic format marketing. Pictured here is Liz teaching one of her "Tuesday Tech Tips@2" classes. Liz is part of Coldwell Banker West Shell's initiative to not only supply the agents with all the tools needed to thrive in their business, but to also supply the support to help agents implement the tools.

Market update and projections 8/24/2011

Our Market Projections are holding fairly steady. With all the ups and downs of the current market, our projections for real estate are unchanged. The only thing that is uncertain is how quickly banks will release the pent up foreclosure. There is one thought that the mortgage companies will slowly release this "Shadow inventory" onto the market, this would bring about a slower processing of the inventory, but may also not impact pricing as dramatically I, on the other hand, would rather rip off the band-aid and have all of the foreclosure (shadow inventory) come onto the market at once. This would impact pricing, because each home sold at foreclosure pricing will be a comparable for every "normal" sale home. But this method would speed up or shorten the time for market recovery. The faster we can move the shadow inventory through the market, the faster we can have a healthier market.
Until it happens, we are not sure what the banks have planned. But the results will roughly be the same. This fall and winter (through the 1st quarter of 2012) home prices will drop,sccording to a vast number of economic sources, anywhere from 3 to 4.5 percent. If the band-aid is ripped off, the the end of the 1st quarter 2012, prices should begin to rise through-out the year from 1.5 to 2 percent. Should the "Shadow Inventory" be leaked out, by the end of the 3rd quarter, prices should rise about 2-2.5 percent. Each method will lead to, it is speculated, a three year trend in rising home prices. But in order to get to the increase, we must 1st weed through the forclosures.
This is a great time to buy. With very low priced homes and Mortgage rates at a 40 year low. We anticipate a lot of buying traffic.

Community Events

At Coldwell Banker West Shell, we have opportunity to service all aspects of the community. Yes, our primary focus is home sales – that’s the driver of our business, but it also enables us to utilize the relations that business generates to do so much more.
We have one more game left for the season, at the Great American Ball Park, selling “Split the Pot” tickets for the Red’s Community Fund. Yesterday we sold over $3700 in tickets. The money goes to support Little League baseball in Cincinnati. We are on track to break our record from last year.
But we have another project, which our company is involved in and each office is responsible for their share. On September 24th, we will have a Gala event title “A Night in the Wild”. The money raised will be split in several ways. A portion will go toward the Coldwell Banker Foundation, which supports several charitable organizations – such as “Pro-Kids, Habitat for Humanity, The Fine Arts Fund, as well as others. Another portion of the proceeds will go to the Cincinnati Zoo; each office is Sponsoring an animal. Ours is Rizzo the polar bear. We will be taking donations ( www.anightinthewild.org ) we ask that you vote for Rizzo- a dollar a vote. There will also be sponsorship levels, which we would gladly accept. Your business would also be highlighted and featured at the event. Each office will also have raffle items. The other portion of the proceeds will go to a charity chosen by the office with the most votes. Our office has chosen The Junior League’s “Kids in the Kitchen”, which fights childhood obesity through education and hands on training. We look forward to your support and participation. I will be posting a flyer with more information, shortly.