Friday, February 25, 2011

The Stats in Today's Pocono Mountain Association of Realtors

The busy season is just around the corner, evidenced by the RAINFALL instead of snowfall happening at present!  It's also a day away from the heavy weekend traffic this tourist area is bound to get, as we do every weekend, with such great attractions such as Camelback, Mount Airy Resort and Casino, The Crossings Outlet Center and The Great Wolf Lodge.  Typically, the weekends are prime time for realtors to meet with their clients.  So, today I just want to give you a quick pic of what our local market looks like going into the weekend...

3,247 residential properties actively on market for sale

25 residential properties "back on the market" meaning they were active for sale on the market, either came off temporarily at owner's request or went under contract and fell through

10 "extensions" meaning the property was active for sale on the market, did not sell within its original listing period, so the owner agreed to a longer listing period with their current listing agent.

7 "expired" listings that did not sell within its original listing period

13 "pended" that had an agreement of sale fully executed

8 "closed" that went to settlement in the last 24 hours

36 "newly listed" meaning they have not been active for sale on the market in the last 90 days, and have come on to the MLS within the last 24 hours

If you know someone that is buying or selling in the Pocono area, please make sure they are finding out the listing history from their buyer's agent before making an offer.  If they are selling, make sure they get an accurate market analysis before choosing a market price.  Nothing is worse than a "shop worn" or overpriced listing!

Enjoy your weekend!  Thanks for being here :)

Thursday, February 24, 2011

MY buyer, MY seller

I've always had to question the practice of  REALTORS using the phrases, "MY buyer and MY seller" as if these people were owned property of the real estate professional.  While I wholey agree that representation of a client is something to be declared, it can easily be evidenced when an offer is made, on page one of the agreement of sale in the Commonwealth of Pennsylvania, where it documents "seller's relationship with real estate agency" and "buyer's relationship with real estate agency".  In conversations between real estate professionals, I think it should be standard practice to simply say, "THE buyer" or "THE seller" or "Mr. Smith" or "Mrs. Smith".  The moment the word "MY" comes into play, I believe it taints the entire transaction with the possibility that issues within the transaction could be taken personally by the real estate professional.  All too many times, I find that negotiations within a transaction are answered by the real estate professional in a knee jerk type reaction before it is even discussed with the actual buyer or seller!  There is a difference between the realtor representing their client's best interest and actually acting as if they are the client....and although it may seem like one in the same, it's very far from it. 

Wednesday, February 23, 2011

A new approach to real estate

I've never been a big believer in the wonders of technology, mostly, because I didn't know how to use much of it!  But, I am proud to say, after a few years of heartfelt trying, I have really made progress.  I know that in this day and age, a large portion of consumers turn to the internet to get information and accomplish tasks.  I know that real estate consumers want quick access and answers, so here I am with my first blog site ever, to give them that!  I've got a new website, please check it out at which will allow you to access the entire MLS as well as information about the Pocono area in which I reside and specialize.  Welcome!