Bienvenidos a Puerto Rico

This fall we took a trip to Puerto Rico for our vacation. A friend shared that a passport wasn’t necessary, clearly it’s been years since history class so I google’d it  and Puerto Rico has been a U.S. territory since 1898, the end of the American-Spanish War.

Shortly after pulling out of the airport I was surprised at all the traffic. In my mind, I had imagined it being far less developed then it was.  San Juan reminded me of Miami with it’s tropical climate and modern high rise hotels. Old San Juan was more like what I expected, aged and quaint with cobblestone streets. Actually the cobblestone streets were blue and made in Spain in the 1800′s. It was beautiful.

 

 

We also toured Castillo San Felipe del Morro which was complete in 1589, and has been made a World Heritage site by the United Nations. This fort lies on the northwestern point of the San Juan Inlet allowing them to defend the city from seaborne enemies.

We also visited Castillo de San Cristobal another spanish fort built to protect against land based attacks on the city of San Juan. This fort was the largest fort built by the Spanish in the New World, finished in 1783 and covered 27 aces.

When booking our hotel stay we learned an expensive lesson. Although the distance between San Juan and Rio Grande, traffic is heavy and the cab fair can run between $65-85.00 each way. So be sure to rent a car and keep your money! I will confess, we got directions to the same place from concierge and the car rental place and neither was good about listing the street names, they seemed to use landmarks (even old ones no longer there) in their directions. It was an adventure to say the least.

One of my favorite tours was the kayak tour of Bioluminescent Bay.  Basically it’s a lagoon in Fajardo that has 500,000 to 700,000 microscopic bioluminescent plankton per gallon. So when you wave your hand through the water you trigger a reaction which causes your hand to glows in the water. The same goes with your kayak as it moves through the water, where the water parts, it glows. I was a little anxious about whole idea, but the waters were calm and the entire experience was so serene. Worth the the trip.

We stayed at the Wyndham Rio Mar in Rio Grande. I was excited after seeing the site and knowing the Wyndham brand. The hotel was dated and in need of repair. They were generious to offer a room upgrade after my husband informed them of our anniversary and we were pleased with our upgraded ocean view room.

When booking our stay we were drawn to this hotel because they advertised that they had an on site dive shop, which we found to be convenient as well. Upon a visit to the concierge desk, we were informed the dive shop had closed and that if we weren’t PADI certified, that no dive shop on the island would allow us to dive. We explained we’ve dived all over the world and that no one else has ever had an issue with our SSI certification. Finally, my husband asked for a list of dive operations on the island so we could inquire into booking a few dives. A two tank dive cost $120 and the cab ride to and from the dive shop to catch the boat was another $160. We asked about renting a car, and they were all booked, so we had to be added to a waiting list.  Good news is…. The diving was worth it. Check out this video!

I have to confess, I really didn’t do the research into Puerto Rico I should have before our arrival. I found it to be a pleasant surprised with beautiful beaches, aqua blue waters, more populated than I imagined, amazing historical sites and very pleasant people. Thank you

Are you an FHA buyer looking at condos? If so, think again…

Why many communities in VA lost their FHA certification.

Ok, so I show my first time home buyers a Homepath condo because I’m familiar with the many incentives Homepath offers, including no requirement for an appraisal or HUD approval. Well, even though my client has stellar credit, the Homepath automated underwriting denies my client, although they are over qualified to buy the home under FHA guidelines. So after almost two months, we are still waiting for FHA approval from HUD on the condo, and fighting to keep the transaction alive for my buyer client.

Why is this important to you,  because this could have been avoided. In May, HUD ‘de-certified’ every condo and townhome and required each to re-apply for certification, giving  notice about what was going to happen. The reason is the crash of the housing market.  FHA realized that a lot of delinquent and foreclosed properties were condos, so it tightened its rules to help limit liability.

So if you are considering purchasing in condo or townhouse communities, please realize that if the management hasn’t reapplied, units can’t be purchased with an FHA loan. This my friend hurts everyone, the owners trying to sell by limiting their buyer base and the buyers who can buy if the management didn’t apply for FHA approval.

Some condo associations immediately applied for recertification, but many did not. Some may have not realized they had to get recertified. The result is buyers are ineligible for FHA financing to buy these units and many sellers don’t understand how this limits their buyer profile.

We need to get the word out to condo owners, condo associations, property managers, and anyone who is involved in buying or selling a condos or townhomes. Is your condo community FHA approved? Go to HUD.GOV Enter a ZIP Code or just the city and state and a listing of every condo association pops up. If in the right column it says “expired,” it’s not FHA certified. Then it’s time to get in touch with your condo board or association. There’s a good chance they’re not even aware of the issue.

Click link for details on Condominium Approval Process for Single Family Housing.

October 2011 – Market Statistics ~ the good news continues

Did you see the article in Inman News, where Hampton Roads was listed the 12th Healthiest housing market in the country?

October’s residential real estate market in Hampton Roads posted another solid month as it shows signs of stabilizing and returning to normal levels. Unfortunately, the number of distressed homes have on the market continues to slow the recovery of the overall market. The good news is that the number of under contract homes increased.

The number of active listings decreased by 16.6% in October 2011compared to October 2010.The inventory of homes for sale dropped by more than 21% in Norfolk and Virginia Beach.In Chesapeake, the inventory declined by 7.2%.

Under contract increased by 29.6% when compared to October 2010. The number of under contract sales is typically an indicator of future settled sales activity over the next month or two as the contracts go to closing. With year-over-year gains this high in magnitude, the real estate market appears poised for solid sales figures as fall ends and winter begins.

Settled sales/closed sales grew by 17% in October 2011 when compared to October 2010. Norfolk saw sales increase by 25% or more for the month when compared to the same time last year. Virginia Beach saw an increase in sales of 7.4% for the month.

Inventory by city:

Virginia Beach -  6.5 months supply of homes on the market    ** A stable market is a 6 mth supply of homes, GREAT news for Virginia Beach

Chesapeake -  7.78 months supply of homes on the market

Norfolk -  8.17 months supply of homes on the market

Portsmouth -  9.46 months supply of homes on the market

Suffolk – 9.71 months supply of homes on the market

** NOTE: All statistics provided are a courtesy of REIN (Real Estate Information Network) **

Friending The Competiton

 Whenever I teach a Facebook class one of the most common question is “should I friend other Real Estate Specialists?” Or in the case of the more skeptical Real Estate Specialists I hear, “I refuse to befriend other Real Estate Specialists on Facebook!”  To the question I often respond with the question “who are your clients?”

We all know how competitive the real estate market is.  Real Estate Specialists and real estate agents everywhere are fighting tooth and nail for buyers and listings but when you think about it, who was the (other) major player in your last transaction? When a real estate transaction is made, there are usually two agents involved.  They both work hard to ensure the transaction gets done right!  That being said, fostering good relationships online with other relationships is a great way pinpoint agents you would like to do business with and in some cases, agents you may want to avoid.

An Efficient way to Interview

Have you ever done a transaction with an agent and after it was over vowed to never do business with them again?  Facebook can help you avoid that headache before it even starts.  A Facebook profile can tell you A LOT about a person including things like how they behave and who they associate with.  As an agent, consider friending other agents, particularly those you may be doing a deal with. This could save you a lot of time when determining if this is someone you want your potential buyers or sellers to have to deal with.  On the other side of that, it means you’ll have to behave as well and present yourself as a down to earth, real person that they would want to work with as well.

A Must for Every Listing Agent

Every listing needs a buyer right?  And who knows where the buyers are better than a Buyer’s Agent?  I recently had a consult with a Real Estate Specialist and suggested he friend Agent Faircloth on Facebook simply to see how it’s done on Facebook and less than a week later, he paired one of his buyers with one of her listings!  In every day life, we try to do business with people we like and if you make yourself likable to agents with buyers, your listings will get more qualified looks because your “friends” (that you interact with)  care about you and your listings and will will be more likely to promote those listings to their clients.

Friendship =Accountability

The fact that Facebook gives you such a candid window into the world of others, it motivates people to straighten up and fly right; after all, they have a reputation to protect!  Adding Real Estate Specialists that you are working with as friends on Facebook allows you to see keep track of what they’re doing.  No, I’m not saying be a spy, but in the event that the transaction isn’t proceeding the way you’d like you have a way of seeing if they are hard at work, or at play.

I’m not saying friend every random agent.  Just those you know and/or have done transactions with.  Social networking is not just about relationships with your buyers and sellers its also about the relationship with the Real Estate Specialist on the other side of the transaction.  In essence, other real estate agents are your clients too.  Treat them like a client and friend and you will see a return on that 10 fold.

Damien Smith

Social Media Sensei

Guerrilla Social Media

Norfolk, Virginia

Foreclosure fears foster true grief

Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the new normal.

But as a real estate professional who is in the trenches with financially stressed homeowners every day, it never for a second feels to me like business-as-usual.

The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with other tragic setbacks such as the loss of a job, a divorce, death of a loved one, mounting medical bills or skyrocketing mortgage payments.

Unfortunately, the first stage of grief is denial, and that’s even more the case when the threat of foreclosure is looming. No one wants to talk about or admit financial troubles—even when millions of others have founds themselves in a similar spot.  It’s completely understandable, but for homeowners who are behind on mortgage payments, decisive action is often the most critical step toward ensuring the best possible solution.

As a real estate professional who has sought out the Certified Distressed Property Expert (CDPE) designation, I help homeowners to deal with every aspect of the grief and uncertainty that accompanies a mortgage which is no longer manageable. In the process, I help them to get on a path of financial solvency.

If you or someone you care about would like to change the course of a life that’s facing foreclosure, I get it and I can help.

Contact me today at 757.288.0983 or email me: AgentFaircloth@gmail.com

Our day…

Our Wedding Day

Our miracle lies in the path we have chosen together, knowing the true magic of love is not to avoid changes, but to embrace them, then work to navigate them successfully.  A commitment to make each day work together. Respecting each other, sharing this world together for all the days to come, in good and ill. Be my partner and I will be yours.

Happy Anniversary Sweetheart! I love you so.

Over 10,000 people flood AgentFaircloth.com to view pumpkins

Virginia Beach, VA – October 31, 2011 – Over 10,000 people flooded site to view and vote on local Real Estate Specialist, Chris Faircloth’s (aka Agent Faircloth) Annual Online Pumpkin Carving Contest.  Contestants came from California, Colorado, Washington, New York, Florida and of course, the Commonwealth of Virginia. Voters from all over the world including the UK, South Africa, China, Korea and Australia selected their favorite pumpkins online.

After a grueling count of the votes and working with IT and Word Press experts, Faircloth said “I am delighted with the creativity of all our contestants this year. We had an amazing turn out and I am thankful to all who participated”.  AgentFaircloth.com received 65 pumpkin submissions along with 959 votes and over 10,000 visitors scoping out the contest. One vote separated first place from second place.  Faircloth was quoted “Next year we will be using a polling application to give real time voting status, as I think this will help contestants push for more votes”.

The winner, Matt Ryan of Midlothian, VA won with his submission named Bartholomew. This was Matt’s first pumpkin carving contest and he was the gracious winner of an iPad.

Tune in to Chris’ site AgentFaircloth.com for next year’s prizes, as she hopes to take this to a national level.

2011 Winner of the Third Annual Online Pumpkin Carving contest is….

After several hours of counts, recounts, investigating IP addresses, reports of spamming  and accounting for multiple votes from the same individual, we have a WINNER!

 

Bartholomew - by Matt W. Ryan of Midlothian, VA

 Honorable mention goes to #64 & #2! The numbers were so very close! Congrats Matt, you’ve won an iPad!
 
Next year we will be using a polling application to simplify the process! Start planning for your pumpkin submission next year, we’re planning on bigger prizes too!
 
Thank you to everyone who participated you all did an amazing job!

Vote here for your favorite pumpkin 2011

We have had an amazing turnout for this years online pumpkin carving contest. A HUGE thank you to all who submitted entries.

VOTING STARTS NOW and lasts through Monday 10/31/11 at 12:00 Noon (eastern time).  We will tally up the votes afterwards and post the winner in the afternoon on 10/31/11 HALLOWEEN.

Scroll through the pumpkins posted below and select one pumpkin. (I am sorry the pumpkins are not in numeric order, after 3 plus hours of reloading and reassigning the caption numbers, I gave up).

 At the top right of the blog post you will see “comment”, click on the comment button and in the body of the comment section enter the number you are voting for, be sure to click the “Post Comment” button!

Be sure to give this link to all your friends, family  & coworkers so they may also vote!

REMEMBER, and ipad’s on the line!  The entry with the most votes by the Monday, 10/31/11 at 12:00 eastern time  will win an iPad!

LET THE VOTING BEGIN ~ GOOD LUCK EVERYONE!

Note:Only one vote per person! We had two entries that were too large to load, I have tried to resize the photos but unfortunately had no luck doing so, I sincerely apologize to those whose pumpkins were not able to be uploaded. I have not submitted nor has my husband submitted a pumpkin for judging. Neither of us will be voting! GOOD LUCK.

 

Pumpkin Entry Deadline Extended to Saturday, 10/29!

Third Annual Online Pumpkin Carving Contest 

Booo!

If we get 60 pumpkin entries, I am upgrading the prize from $250.00  to an iPad! Yes, an ipad!

All the same rules apply. One pumpkin per person, and one vote per person. You should be prepared to provide a photo of you carving the master piece should it be called into question, to keep everyone honest. Email your entry to FairclothAssistant@gmail.com  Your entry will consist of an email with one photo of your pumpkin master piece, contact information (name, email, city you live in) no later than Saturday, Oct. 29, 2011. (We have extended the pumpkin submission deadline from 10/28 to 10/29 at midnight) Entries will be posted on this blog AgentFaircloth.com/blog on Sunday, October the 30th. The voting will take place from Sunday 10/30 through Monday 10/31 at 12:00 Noon. The Winner will be announced the afternoon of Halloween, Monday, 10/31.

Get your friends, family & coworkers voting, you want that ipad, right?   The winner will be announced on Halloween (Oct. 31, 2010)! If we get 60 pumpkins registered, the grand prize will be an iPad, however, if we only get 59, then the winner will receive  $250.00 ! (Note The name of the winner and the winning photo will be posted on the site on the afternoon of Oct. 31st.) Entries are limited to one per person and I will accept the first 60 entries. You can only vote once, so if I see your email with multiple votes, your first email will be the only vote that counted.  The pumpkin with the most votes wins! 

So, go get your carve on!