Getting Ready for Painters...

...is almost as bad as moving.
I've been boxing up the contents of my bookcases, dressers and china cabinets. The house painters will move my furniture away from the walls, but only if I empty the shelves first. Because all the boxes will remain in place, I don't have the concerns about breakage that my clients have when they pack to move, but it's still a big job. I took the cowards way out, and told the painters that they didn't have to paint the closet interiors...another big job averted!
According to "The Move Advocate," creating a simpler and less chaotic lifestyle, even without the prospect of moving, can be rewarding but requires some discipline. There are general rules to help you decide how to edit your possessions...
1. If you haven’t used something in three months, box it up.
2. If you haven’t used something in a year, sell it or give it away!
Unless the items have significant financial or emotional value, it makes sense to sell or give them away.
I sorted through my old photos and paperwork during the last month, tossing duplicates and unimportant documents, and organizing others.
Yesterday, I made trips to the second hand book store and the Sunnyvale library to donate books, and today, I went to the Hope trailer with used electronics and appliances.
Don’t forget that any items donated to charity must be in “good or better” condition. This rule was put in place to keep people from claiming deductions for items that should have been thrown in the garbage
The center of most of my rooms looks like something out of a Barb Schwarz pre-staging video, but at least I won't be wielding a paintbrush or climbing on ladders!

Combining Short Sales and FHA Refi's?

All the recent news reports I've been reading warn of a new batch of repossessions coming. This is because less than half of the homeowners trying to refinance or arrange better terms under the government's so-called 'Making Home Affordable' program have given up...wrapped in rolls of red tape and frustrated by delays.
Now FHA has announced a Short Refinance Option to help Borrowers with negative equity.

In an effort to help responsible homeowners with negative equity...the 'Underwater Group'...HUD this week announced details on adjustments to the refinance program that it unveiled earlier this year. This new program will enable lenders to provide additional refinancing options to homeowners who owe more than their home is worth.
Starting in September, FHA will offer certain non-FHA borrowers who are current and in good standing on their existing mortgages and whose lenders agree to write off at least 10 percent of the unpaid principal balance of the first mortgage, a chance to qualify for a new FHA-insured mortgage. The FHA Short Refinance option is targeted to help borrowers who have underwater mortgages because their local markets saw major declines in home values.

On the surface, this sounds like a good idea, but the long list of requirements on both the lenders and the borrowers may create another paperwork morass that puts us no closer to the government's goal of a stable real estate market by 2012.

70, Today!

This really is a milestone. In about five minutes, I'll be 70 years old, and this month also completes 38 years in Real Estate sales for me. So much has happened...both in my life and in the real estate market since I came to Sunnyvale in 1967.
Some of the biggest changes have been in the technology we use in marketing homes. We went from checking out new homes on the market by driving to the local board of Realtors office and looking at a hand written list every week, then bi-weekly It was followed by "the book" with a single black and white picture of the house. Before electronic keysafes, we all accessed a keybox with identical keys. If an agent lost his or her key, the whole system had to be rekeyed.
Then came computers, printers with rows of holes on each side of the paper, and fax machines. No more driving to deliver each document that was needed for the sale or escrow...but as the ease of delivery has increased, the number of papers has increased proportionally.
Now a cell phone can pull up a series of color pictures of a house in seconds. We can lock out a lost or stolen key, and signatures are becoming electronic. No matter what changes come in the future, one thing will never change.
We will still need caring and professional Realtors to manage the legal and emotional sides of selling a home.
I can't wait to see what the next few years have in store, for the business...and for me!