Author Archives: ericnichols

Can This Federal Bailout Help Home Owners And Home Buyers?

Can This Federal Bailout Help Home Owners And Home Buyers?

 

 

All lookers are on Wall Street to see if the rescue plan will lead to more home mortgage lending.

 

The federal government came to the help of Wall Street financial services companies in early October with the nation’s most ambitious ever private rescue. But will the Wall Street companies use those funds to loosen up bank lending to home buyers?

 

“That’s the big question,” says NAR First Vice President Ronald Phipps. “The money that is being provided by the rescue needs to refresh the banks’ reservoirs to recharge housing. If it just goes into banks’ capital reserves to insure against margin calls, then it won’t have the intended effect.”

 

With this new federal bailout, called the Emergency Economic Stabilization Act, the U.S. Treasury is authorized to spend up to $250 billion right now to purchase mortgage-backed loans and other investments that have a increased chance for default. The other 450 billion dollars in funding is available on a much more restricted basis.

 

As investors turned on these high risk investments, Wall Street firms have been able to move the securities for only pennies on the dollar. Now, with the Treasury preparing to purchase, values for the securities could firm up. Should that happen, global investors might once again be willing to buy American mortgage-backed securities, helping to rebuild cash flow to investors.

 

“It’s the middle-income buyers that are hurt,” says George Wonica, vice chair of NAR’s Conventional Finance and Lending Committee. “High-earning households buying with large jumbo loans can still get their financing, although they probably will have to pay higher rates. Buyers willing to meet the requirements can still obtain FHA loans.”

 

Let Us Know What You Think…….

Author Eric Nichols is Realtor and Internet Home Marketing Trainer for Keller Williams Real Estate Professionals In Pittsburgh Pa.  Visit Us At www.SearchPittsburghHomes.com For Additional Information About Buying And Selling A Home In Pittsburgh Pa. 

Offices located in McMurray, Mt. Lebanon, Bethel Park, North Hills, West Mifflin and Robinson Township. 

Call Us At 724-941-9400 X247

 

 

 

 

 

 

 

 

 

Washington Pa Incredible First Floor Master Condo – www.SearchPittsburghHomes.com

st-andrews-front2

Villas On The Green

Enjoy The Best Of Maintenance Free Living In The Heart Of Washington County Pa!

This maintenance free condo features a lovely private patio area, two first floor bedrooms, community pool and clubhouse.

Absolutely loaded with upgrades and features!

The condo fee includes: lawn care, snow removal, water, sewage, trash, roofing, exterior insurance, clubhouse, fitness center and pool. This light and bright home features neutrally appealing color schemes and designer touches throughout.
The high grade wall to wall carpeting and vinyl flooring look like brand new. Living room features: large windows, cathedral ceiling, ceiling fan rough in with wall switch, ceramic tile entry, and gorgeous gas fireplace with ceramic tile.
Dining room features: bar height countertop with neutral color, recessed lighting and gorgeous brass chandelier. Kitchen features: beautiful oak cabinetry, neutral color countertops, double bowl stainless steel sink, under cabinetry lighting, recessed lighting, pantry closet, chair rail and garbage disposal.
First floor laundry features: work sink, wall cabinet and super nice designer accents. Huge master bedroom suite features: crown moulding, huge walk in closet and gorgeous master bathroom with neutral designer accents.
Another first floor bedroom with huge walk in closet can also be used as a den! Upstairs bedroom suite features: huge size, ceiling fan/light and enormous bathroom with neutral designer accents.
Additional bathroom features: maintenance free shower / tub, elongated commodes, delta water fixtures, neutral countertops, white ceramic sinks, beautiful cabinetry, upgraded hardware. Spacious two car attached garage features: completely drywalled / painted wall finish, double insulated garage door, genie door opener, non-skid epoxy floor finish and pull down attic storage access.
Loads of closet space throughout.

For Additional Info And Virtual Tour:  www.SearchPittsburghHomes.com

Click On Featured Real Estate Listings

Eric Nichols – Keller Williams

724-941-9400 X247

 

Upgraded lighting throughout

 

Marianna Pa $94,900 Super Home With Separate Inlaw Suite! – www.SearchPittsburghHomes.com

Very Nicely Maintained Home With Full InLaw Suite Above Detached Garage.

Very Spacious Kitchen With New Cabinetry.

New Carpet, Furnace, Electrical, siding and shutters.

This Home Features Two Separate Detached Garages.

Beautiful Flat Lot With Extra Plot At End Deeded Separately (included in price).

Visit www.SearchPittsburghHomes.com for Virtual Tour and Additional Pittsburgh Home Buyer Resources.  Click on Featured Homes.

Contact Eric Nichols at Keller Williams Real Estate Professionals for additional info or to schedule a showing. 

Office:  724-941-9400 or for faster service call Cell:  724-413-6983

Totally Renovated Brick With Lower Level In-law Suite – www.SearchPittsburghHomes.com

OPEN HOUSE SUNDAY NOVEMBER 9 1-4 PM

OPEN HOUSE SUNDAY NOVEMBER 9 1-4 PM

 

Features: spacious updated kitchen / dining room with new ceramic tile floor, two remodeled bathrooms, contemporary color palette, hardwood floors, newer windows / sliding doors, newer hvac, rebuilt front balcony deck, repaved driveway, beautiful lot and much more!
For additional information call Eric Nichols at Keller Williams Real Estate Professionals Pittsburgh 724-941-9400 X247 – For Faster Service Call 724-413-6983.
Take the virtual tour at www.SearchPittsburghHomes.com where more Pittsburgh Home buyers start!

The www.SearchPittsburghHomes.com Advantage For Pittsburgh Home Buyers

Whether you are new to Pittsburgh or just new to the area real estate market,

Kathy and I would like to say Welcome Home.  We are the team leaders of the SearchPittsburghHomes.com team at Keller Williams Real Estate Professionals offering high tech home search solutions and personalized service.

 

Here are some of the advantages we offer our home buyers:

 

  •  Individual password protected home search websites with advanced hybrid mapping technology and favorite home status change notification.
  • Custom multi list search with email alert for fresh listings.
  • Knowledge of neighborhoods, commute times, property taxes, wage taxes, public improvement projects and other area information.
  • Network of proven professionals in: property settlement, mortgage, appraisal, home inspection and home repair / improvement.
  • Mobile listing information technology – to lookup home listings while on the road.
  • Advanced knowledge with Pennsylvania real estate law and procedures.
  • Skillful negotiating ability honed by years of experience.
  • Attention to every detail from contract to closing.
  • Same day call or email response so you stay informed every step of the way.
  • Ability to really listen and get in tune with your most important criteria.
  • Some clients even say we are just darn nice people!

 

Thank you for considering us your Pittsburgh real estate resource,

 

Sincerely Yours,

 

Eric and Kathy

 

We are Very Motivated to Earn Your Business!

Eric Nichols and Kathy Haggerty – www.SearchPittsburghHomes.com

Pittsburgh’s Premier Home Search Website

 

Keller Williams Real Estate Professionals – Gallery Drive, McMurray Pa 15317

Office: 724-941-9400   Eric Cell: 724-413-6983   Kathy Cell:  412-983-5531 

Email:  ericnicholsrealtor@msn.com  -  kathyhaggerty@kw.com

This is not meant to be a solicitation if you are currently contracted with a buyers agent.  

Real Estate Internet Marketing Team Accelerates Listing Exposure For Pittsburgh Home Sellers

New research from the National Association of Realtors will be released in November of 2008 regarding the percentage of home buyers who start their home search on the internet.  It is expected to report above 90%.  Real estate agents now need to be effective internet marketers for their home sellers.

 

The www.SearchPittsburghHomes.com Team at Keller Williams Real Estate Professionals specializes in internet marketing and syndication of home listings for Pittsburgh home sellers.

The majority of home buyers now start searching for a new home on the internet. 

Home listings receive maximum exposure through specialized syndication systems and integrated home marketing distribution feeds.

Personal attention to seller requests and continuous communication to keep anxious sellers fully updated insures that sellers know they have listed their home with the right team.

Visit us at www.SearchPittsburghHomes.com to check out additional Pittsburgh real estate resources or email us by clicking on contact agent.

Author Eric Nichols is agent and internet home marketing trainer.  We are located at 190 Gallery Drive McMurray Pa 15317 – 724-941-9400 X247.

Keller Williams Pittsburgh Real Estate Careers – www.SearchPittsburghHomes.com

Join One Of The Fastest Growing Real Estate Companies In The Country. At Keller Williams Real Estate Professionals, the work environment is truly conducive to Learning and Earning.

Don’t let your employer control your earnings!

For almost 20 years I let myself be stuck in a dead end career that I disliked more every day.  My employers constantly were revamping the wage, bonus and benefit programs (revamping means reducing!).  I knew what I was really interested in doing, but was scared to walk away from a steady paycheck for a 100% commission career.

Now – I am earning more than I ever have and I’m only getting warmed up!  It is really exciting to know that you can actually earn more by working harder.  However, you need to be associated with a company who is really interested in seeing agents succeed.  A lot of agencies are constantly looking for more ways to generate more income off of their agents!  You need to be very careful to choose a brokerage that will truly let you be a business owner and not look to take a referral fee from you every time you turn around. 

This may sound corny, but at KW, one of the guiding philosophies is “Win-Win Or No Deal”.  I have seen that in practice since Day 1.  There really is a spirit of caring and guidance toward positive business practices that makes me Know that I have chosen the right place to grow my business and expand my knowledge.

I would love to talk with you more about starting a career with Keller Williams Real Estate Professionals.

 

Visit our Pittsburgh Real Estate website:

www.SearchPittsburghHomes.com and click on Contact Agent.

You may also call me at 724-941-9400 X247 to find out how you can get started.

 

Eric Nichols is real estate sales agent, corporate recruiter and home marketing internet technology trainer.   

Areas include: Mt. Lebanon, Upper St. Clair, Bethel Park, Robinson Township, North Fayette, South Fayette, Moon Township, Peters Township, North Strabane, South Strabane, Nottingham Township, Greentree , Washington Pa, and all of Washington County.

Squirrel Hill Pa Is A Nice Place To Buy A Home! www.SearchPittsburghHomes.com

Squirrel Hill

Squirrel Hill, located east of Downtown Pittsburgh, is nearby the Pittsburgh neighborhoods of Greenfield, Highland Park, Edgewood, Swisshelm Park, Regent Square, Shadyside, Oakland, and Point Breeze.
The Squirrel Hill neighborhood is one of Pittsburgh’s most popular, with a variety of ethnic restaurants, delis, bakeries, old fashioned grocery stores (which still deliver), and landmark taverns, as well as chic new eateries, trendy boutiques, movie theaters, and upscale shops. Frick Park and Schenley Park border Squirrel Hill, offering residents a wide range of recreational activities including biking (be prepared for hills), walking, rollerblading, ice skating, tennis, and golf.
Homes in Squirrel Hill range from high-rise apartments on Forbes and Murray Avenues to sprawling brick mansions on Fair Oaks. Whether you’re looking for a quaint apartment, or a contemporary house with a garage, you’ll find it in Squirrel Hill. 
The www.SearchPittsburghHomes.com Team at Keller Williams Real Estate Professionals is very experienced with buying and selling homes in this area.  Visit our website to start your home search for Squirrel Hill today. 
Analysis of third quarter home sales in Squirrel Hill in 2008 vs 2007. 
2008 Third Quarter Home Sales In Squirrel Hill Pa
74 Residential Homes Sold This Year With A Median List Price Of $257,400.00
Compare To
2007 Third Quarter Home Sales In Squirrrel Hill Pa
87 Residential Homes Sold Last Year With A Median List Price Of $292,000.00

North Strabane Custom Tudor 4+ Acres! Gorgeous Pool – www.SearchPittsburghHomes.com

Amazing Custom Built Home The Feels Like You Are In The Country, But You Are Close To Everything!
Includes 2.1 acre beautiful neighboring lot that is buildable and has frontage.
Incredible inground pool with pool house.

Visit www.SearchPittsburghHomes.com for a Virtual Tour and Additional Pittsburgh Home Buyer Resources.

Contact Eric Nichols at Keller Williams Real Estate Professionals Pittsburgh 724-941-9400 X247for additional info or to schedule a showing.  For Faster Service Call 724-413-6983.

The Five Most Important Things That You Need To Ask Before Listing Your Pittsburgh Home With Them

Web Based Home Listing Marking Is The Name Of The Game!

You Need To Ask Your Agent These Very Important Questions Before You Consider Listing With Them.

1. What is your background and real estate experience?

You want a good mixture of full time real estate experience in Pittsburgh compared to the excitement, energy and drive of a hungry newer licensee. Don’t be fooled into thinking that more years in real estate will necessarily translate into a satisfactory home selling experience. Long time veterans of the business may have lost their enthusiasm for a career that requires working very long hours.
Professional careers in other business areas is important as well. Marketing, advertising, and sales experience would certainly be preferred instead of unrelated fields such as nursing, driving, teaching etc.
Many people make the crucial mistake of listing with someone because they are a friend or relative. This is a tough time for sellers so you really ought to make this important business decision based on better criteria.

2. How current are you with the new home marketing
applications and technologies?

Today almost 90% of home buyers start their search on the web. You need an agent who knows how to do more than just slap the listing on their broker’s MLS. You can not get too much internet exposure for your listing! Ask what additional ways the agent is going to utilize for the syndication of your internet home listing.
If you get an unclear answer – he or she may not be your top choice.
You need someone who is on the home marketing forefront utilizing: listing address domain names, individual websites, home listing search optimization, pay per click advertising, home info instant text messaging, 1-800 phone info, pod casting, and video tours on social networking sites like facebook, myspace and u-tube – just to name some!

3. How many home listings did you sell last year and
how many home listings are you handling right now?

Agents who sell a lot of listings obviously have a achieved some success. However, one number that you will probably never find out is exactly how many listings those busy agents lost because they did not have the time to provide a good level of service to their listing clients. For example, lets say an agent (not a team) has 40 real estate listings. Just divide that agent’s time and energy by 40. Plus, that agent would be handling buyers as well. Essentially your home listing would receive less than 1/40th of that agent’s time and attention! Regarding real estate teams, ask how many listings the team is carrying so you will know just how much attention you will be able to receive from that particular team leader.

4. How often do you contact clients with marketing updates and by what method?

You should expect to receive some form of marketing report from your agent once a week at least. They should call, email or both with updates regarding feedback from showings / open houses, on-line marketing activity, inbound call activity, and what their marketing plan for the next week or two for your home listing.
Probably one of the most common complaints we hear when we list a home that has been previously listed with another agent is this:

“After we listed, we almost never heard from our agent”.

Selling a home today is difficult enough without feeling out of the loop about possible prospects and marketing plans.

5. Do I have to sign a listing contract for a year?

You need to Run (don’t walk) as fast as you can from any agent who tries to have you sign a listing contract for long periods. Real Estate contracts often have a default of one year unless a particular time period is written into it. A year is a terribly long time to be contracted with an agent who is not doing a good job for you. A lot of agents will take a listing for as little as one or two months. An agent who is confident in the service and marketing that they provide will not hesitate to list for a shorter period.

 

About the author: Eric Nichols is a real estate marketing technology trainer and team leader for the www.SearchPittsburghHomes.com Team at Keller Williams Real Estate Professionals Pittsburgh. Contact us at 724-941-9400 X247 for high tech solutions and personalized service.