Jules's Blog

Summary:  Short Sale - Pre-Foreclosure with Chase & HFC Original First Mortgage - $312,000 with Citibank Original 2nd Mortgage- $36,700 with HFC Total Owed - $330,000+ My estimation of the property value - $289,000 in a normal market Value at the time of Sale - $250,000 - $269,000 Final Sale Pric...

The Traverse City Market - Just how bad is it?  Is it as bad as the media makes it sound?  You tell me.  Take a look at the recently published statistics for sales as of June (Year to Date) of the Traverse Area Association of Realtors below.    ** UPDATED July 3, 2008 ***  JUNE YTD No. of Res. Un...

Many of you may have heard about the Housing and Economic Recovery Act of 2008 where a first time home buyer can receive up to $7,500 Tax Credit.  Keep in mind this is not a tax deduction it is a credit (i.e. - Cash). What's the difference?  With a deduction you only save the percentage of tax yo...

Do you believe in Ghosts?  I guess this is appropriate considering we are so close to Halloween.  I was asked yesterday by a friend if I believed in ghosts and to her amazement I said, "I don't exactly know if I believe in ghosts but I do have an interesting story that is pretty convincing". This...

I will sum up the Apple i phone 3G in one word...Awesome.  This phone is simply unbelievable and is an absolute must for anyone who needs a smart phone.  I have been putting off getting a smart phone until the new 3G version came out recently.  Now after having it for 2 weeks I can say it has but...

As usual every morning I opened my email via my new Apple iphone (a way cool device everyone should have) and I finally read some good news about Real Estate.  It was an article posted on RSI Medias website (See full article below).  In a nut shell it stated that 60% of the country has had an inc...

Well, another long day and yet another listing...this time another short sale.  Thank god for accommodating Sellers.  During my listing presentation I was asked about "short re-financing" by the Seller and I was have to admit I hadn't heard of it.  From what it sounds like, a lender will basicall...

I am happy to announce that by the end of the month Exit Realty Paramount will be moving into our new office at the corner of Cass & 8th Street in Traverse City a week from Friday.  We were scheduled to move this week end but a delay in the Elevator Inspection has postponed us by a week. This new...

Call me crazy but I feel that if you are going to post a blog (especially if you are in the real estate business) your content should have something to do with real estate.  I see so many blog - especially on active rain that have absolutely nothing to do with our industry.   Some are about the w...

A client of mine put me onto a neat (and Free) web counter that provides a ton of free stats including hits, unique visitors, entry point, exit point, time on the site, most popular pages, referring search engines, number of downloads (if you have any) . Visit www.StatCounter.com for more informa...