Lovely 2 bedroom home in PENNS VALLEY School District

1.20 acres bordering state forest land

Meets criteria for affordable housing and first time homebuyers programs

1.20 acres bordering State Forest land. Large 2 bedroom home close to State College and Lewistown. Nice opportunity to move right in and stop paying rent. Currently tenant occupied.

Call me for a preview of this home and stop paying rent.

NEW YEARS EVE 2007

Think about the new Years Eve party you could host in this gorgeous bed & breakfast in Victorian Bellefonte. Located on Linn Street amid the splendor of historic B & B's, the stately "Garret" is awaiting its new owners with measured excitement. The new owners may want to continue the profitable operation catering to a loyal clientele built over the past thirty years or return it to a private residence and host private parties for friends and family.
No matter what you choose to do with the elegant residence, call me now to schedule a private tour of the residence and a review of the books. Seldom does an opportunity present itself that can satisfy your dream of owning a part of Bellefonte history.
Call me directly at 814-280-0054.

Visit http://buyBellefonte.com for many additional photo's and details relating to this beautiful home.

The For Sale by Owner Conundrum

I've been talking to quite a few For Sale by Owner property owners recently and I thought I would provide some interesting information and a quick story from the past year. First the statistics taken from the NAR database so they are not tainted by my possible bias as a Realtor.

Average sales price w/Realtor - $247,000

Average sales price FSBO - $187,200

Realtors obtain an average 32% higher sales price than a FSBO on an identical property.

FSBO Methods used to market home

* Yard Sign....................51%

* Friends/neighbors....53%

* Newspaper ad...........31%

* Open house...............29%

* Internet.....................22%

Most difficult tasks for FSBO sellers

* Getting the right price.....................11%

* Understanding paperwork..............16%

* Preparing home for sale...................18%

* Attracting potential buyers............. 9%

* Time management relating to sale...9%

So what does it all mean? I suppose it depends on your viewpoint and my guess is that if you asked a hundred people you would get a hundred different viewpoints.

Now the story. I was representing a buyer earlier this year and he wanted to buy a FSBO property. So I happily scheduled a meeting with the seller and we visited her home. She greeted me at the door and quickly explained that she didn't need a Realtor because she had an attorney. I thought that was a great idea and told her that I was acting as a buyers agent on behalf of my buyer and that my interest was that of my buyer and I would do everything in my power to get the best deal possible for my buyer. She agreed that I would be a buyers agent and she would be a FSBO with a local attorney as her counsel. She agreed to pay me a buyers agent fee and we signed a statement outlining our roles.

We then sat down at the kitchen table and started to negotiate the sale of her house. Of course her attorney wasn't present (it was 7:30 in the evening) and I continually reminded her that I was representing my buyer quite possibly at her expense. She kept telling me not to worry that she had a great local attorney that would handle everything on her behalf. We kept negotiating until we had hammered out a very favorable contract filled with numerous items to help my buyer. She very happily signed the offer and asked for 24 hours for her attorney to review it. I granted the 24 hours knowing that the contract would come back drastically changed after the attorney's review.

The next day the attorney called me and asked me to pick up the executed contract that he had approved with her consent. A bit surprised I headed over to the office and picked up the contract without a single change to it.

I called the buyer and told him it was time to implement all of the items we requested in the contract. To shorten the story a bit, we did as we promised in the contract and the seller kept calling me asking why we wanted or needed to do a variety of things that she thought we shouldn't address. I reminded her that she had signed a legally binding contract that allowed us the options we were requesting, and oh by the way, she would get to pay for some of it as well. She called her attorney about the matter and the attorney explained to her that we could do the things requested, and in fact, we were not asking for anything unethical or illegal. We were simply asking for things that any excellent buyers agent would ask for on behalf of his client.

I'll never forget the final walk-through the day before closing. The seller was present and pulled me aside as the proud new buyer walked through the house prior to closing. She said to me and I'm paraphrasing but the point was very clear, "You have cost me more in this transaction than if I had hired a Realtor to represent my interests. I really think that you asked me to pay for items that you shouldn't have and I wished I had retained the services of a sellers agent but I didn't know you would cost me so much money."

The truth is I did an excellent job representing my buyer and her attorney didn't really pay attention to much of the detail nor did he explain things to her as they were happening. She ended up spending more than she would have saved on commissions with a sellers agent. I love attorney's and have several that are very good friends but they don't do this every day and it cost the seller real dollars.

Keller Williams Realty wins Stevie® Award for Real Estate Sales Organization of the Year

Could this be the best company in America? Recently, Keller Williams innovative business model was added to the core MBA curriculum at both Yale and Stanford. The company has donated $5.0 million dollars to Baylor University to fund a center to advance the study of residential real estate. “The goal of the Keller Center will be to study the issues that are pressing for real estate companies and agents in today’s marketplace,” Keller says. “For all the awesome research that is already out there, there is an equal amount that is still not being done.”

Keller Williams Realty was recently honored with a Stevie Award in the Best Run Sales Organization category as the Real Estate Sales Organization of the Year at the second annual Selling Power Sales Excellence Awards in Las Vegas, Nev.

The awards were jointly presented by Selling Power magazine, the leading sales management publication with 145,000 subscribers in 67 countries, and The Stevie® Awards, which have been hailed as “the business world’s own Oscars” (the New York Post, April 27, 2005).
More than 400 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories this year.

I can't imagine a better place to work and I can't imagine a buyer or seller finding a more dedicated company of trained professionals to represent them in a real estate transaction.

SANTA CLAUS HAS THIS HOME ON YOUR SHOPPING LIST FOR CHRISTMAS

Don't miss the best buy in Penns Valley and it may be the best buy in all of Centre County real estate. The home features 3 br 2.5 baths located in a picturesque valley with views of the adjacent Amish organic dairy farm. There are 2.3 acres to call your own. Enjoy Spring and Summer on the sprawling decks that offer more than 1,000 sq. ft. of outdoor relaxation. A finsished basement offers additional opportunities and if you are a sportsman, there is a self-contained luxury gun safe that will house your collection of firearms or other collectibles in a fireproof room. There is a brand new septic system, a Koi pond, and for those looking for additional space don't miss the detached garage with office and workshop.

Santa's elves told me you could wrap this home up and put under the tree for Christmas for $229,000. Yes, that is not a mistake. $229,000 if you get to it before the Grinch does.

As the saying goes, "Call me now."

Here is the headline in today's Centre Daily Times, "Rules may raise housing prices." The subheading state's, "County looks at easing ordinances to create more affordable dwellings."

I have blogged on at the mouth about my perspective relating to Affordable Housing in the Centre Region. The speech police want us to call it "work force housing" and I will bring that to the attention of Anne Danahy before the rath of the work force housing god's descend upon her and threaten to move her into a palatial Centre region abode.

The government wants to come up with a game plan to adjust, tweak, reduce or eliminate any number of encumberances on affordable housing. What are the reigns holding back Affordable Housing (Work Force housing) in the Centre region? According to the experts they may include regulations such as zoning, land development, park land and street standards. Maybe we should mandate a wind farm in each AH development to help reduce electric bills (oops, I forgot, we all love that stuff just not in the Centre Region or in our backyard--I'm sure we can arrange some carbon offsets to make us all feel better). I didn't notice they were mandating a Starbucks in every new affordable housing development but what is a worker to do without one down the street from his/her house? The answer in some people's eyes is to ship off taxpayer dollars ($35,000 of them to be exact) to their friends that live somewhere else, maybe even in another state, to study the dilemma for twenty-four months.

Again, I know I am a simple minded country boy that resides in the hillbilly country of Penns Valley, but allow me to offer a better solution for the $35,000. Let's create a vehicle whereby those in need can meet with and discuss their options with those of us that actual place people in affordable housing every day as a vocation. We are Realtors in the local community and some of us don't limit our practice to those professionals with a minimum income of $200,000 per year. I know of a Realtor in our town that won't even talk to a buyer unless they are willing to spend a minimum of $200,000 on a home.

I have placed buyers in homes as low as $14,500 and currently I have three properties that can be purchased for under $130,000. If we use the USDA rural housing guide that tells us that low income (they didn't get the memo from the speech police either because that is what they call the loans) mortgages can be used on a property priced at $179,900 or less, there are currently as of December 5, 2007, 121 homes that meet this guideline. That represents 26% of all the homes currently for sale in the State College, Penns valley, Bald Eagle, and Bellefonte school districts meet the low income (there it is again) guidelines as set forth by USDA. Not all of the homes will qualify because they won't make loans in several of the elite neighborhoods of the Centre Region, however, almost one in four houses currently for sale would work for those considered Work Force (I'm getting it) housing.

Now the dirty little secret. Not all of the homes are across the street from University Park. You can't walk to the mall or Wegmans from most of the houses. And this is where the esteemed leadership comes in. Another simple minded idea from that hick Realtor in Penns Valley. Let's ask our government to provide for mass transportation to some of the areas where the housing is available but the commute is a burden. Maybe they could work on infrastructure improvements in some of those areas so the $10,000 septic tanks and the soon to be imposed septic tank taxes and inspection wouldn't burden the homeowners. More public water would help alleviate the $4,000 water well costs associated with building homes in those areas. Just a couple ideas. I have many more but we will save them for another day.

One final comment before we revisit the CDT headline. One of those organizations mentioned in a recent CDT article that is so interested in assisting people with "work force housing" has enacted some of the most ridiculous regulations on those same people when they want to take advantage of the grant money. They actual increase the costs to the buyer for using the money but I don't want to point fingers at anyone in particular. I've had two clients use this money this year and those stories will be re-capped in another post.

So, back to the headline. The county wants to ease ordinances to create more affordable housing. Haven't the cumulative effect of a hundred years worth of ordinances helped to get us into this situation? I want to attend the meeting when the elected officials explain to their campaign contributors exactly why the ordinances won't apply to them. Now that will be a fun blog post to write about.

DAY SPA FOR SALE

CENTRAL PENNSYLVANIA

Successful day spa operation with eleven year history of growth and profitability. An entrepreneurial individual will find a thriving business with an opportunity to grow sales and profits.

You are buying the business, contents and supplies, and the existing client base numbering more than 300. The existing lease can be continued with a new owner.

Call me for an exclusive showing on this business.

Thought for the week!

As a student of history, I always admired and respected Winston Churchill. He said,

"Success is not final, failure is not fatal: it is the courage to continue that counts."

If we only had the courage to believe that when faced with life's difficulties.

FOR SALE

Mifflin County

Liquor License

$35,000

Don't miss this opportunity to buy a Mifflin County liquor license to start or add to your business. Call me at 814-280-0054.

I certainly have much to be grateful for in this season of Thanksgiving. A healthy and happy family including all three children. A new business venture that is growing daily. A great group of clients to work with this year and in the coming years. The many new friends that I have met through the real estate business.

God has blessed us and I am very grateful for all of his blessings.

DNM Contracting, KSM Log Homes & Tim Rogers of Keller Williams...

will feature a joint marketing and sales event at the auction of recreational properties in Clearfield County on Saturday, October 13, 2007 starting at 8:00 a.m. There will be 40 tracts of recreational use property to be sold and the event is the perfect opportunity to review and discuss your potential log home that you have always dreamed about building.

Call me for directions at 814-280-0054.

CHECK OUT MY NEWEST WEB SITE!

http://www.statecollege-pa-realestate.com/

Searching for a new home? Need comparable sales for your home or neighborhood? Just curious about the sales price of your neighbors home?

It's all there so use it as a tool to increase your local real estate knowledge.

http://www.statecollege-pa-realestate.com/

August Surprise Impacts September Mortgage Rates!

Just when mortgage rates had ticked down a bit and it appeared they would remain in the low 6% range the Labor Department played a trick on the mortgage market. Last week the Labor Department released the September jobs report showing an increase of about 110,000 jobs for the month. No surprise there. The surprise came in the next paragraph when the LD announced a revision of the August jobless numbers. A huge revision.

In August the LD reported a loss of about 4,000 jobs (the first negative trending in years) and a trend that caught the attention of the mortgage market and led to lowering of 15 and 30 years mortgage rates. The revised August numbers reflected a 93,000 job swing since the real number was 89,000 new jobs created in August. This large number took the financial markets by surprise and immediately long term interest rates jumped.

30 year fixed rate mortgages rose to a national average of 6.5% versus 6.2% four weeks ago. National averages for this week's rates are as follows:

30-year fixed - 6.5%

15-year fixed - 6.18%

5 year ARM - 6.37%

If you need information about current rates in the local market feel free to give me a call.

New Construction Log Cabin

30 Minutes to Penn State

New construction log cabin on 20 acres in Northern Centre County and close to Penn State University. Adjacent to Sproul State Forest and surrounded by woodland with several acres of open fields offering beautiful views of the surrounding valley, the new log cabin is the perfect spot for a weekend getaway.

Wildlife abound and the location is known for excellent hunting. There are snowmobile trails and miles of ATV trails right out the front door.

The log cabin features one bedroom on the first floor and an open loft on the second floor. There is a fireplace and a beautiful front porch built for relaxation. This is a turnkey build and includes gas refrigerator and range, Bosch endless hot water, gas heat and electric generators. There is a new well and new septic system.

Just bring the kids and the toys and enjoy the best in outdoor recreation. Visit http://www.campsnowshoe.com/.

TOP RETIREMENT PLACES TO LIVE

STATE COLLEGE, RANKED #5

According to a just published report on top retirement towns to live in, State College, PA was ranked the 5th best place for retiree's. Following is a preview of the article or go here http://money.aol.com/usnews/general/great-retirement-spots for the complete story.

The following recap is taken from the article and are not my words.

State College, Pa.

The flagship campus of Pennsylvania State University dominates this central Pennsylvania city. Retirees can enroll in Penn State classes free of charge without worrying about exams or grades.

Total Pop. 38,720

Med. Home Price $195,000

Med. Income $38,799 Avg.

Jan./Jul. Temp 25.4° / 71.2°

Climate
State College has a humid continental climate, with four distinct seasons and rapidly changing weather.

Cultural Attractions
Retirees can enroll in university classes free of charge, and the Penn State Center for the Performing Arts presents music, dance, and theater.

Economy
The university has helped make the town an attractive place for families and retirees.

Geography
The town is located in the Nittany Valley.

Recreation
The town’s recreation is centered on Penn State's sports teams.

Of course those of us living here already know what a great town this is. Don't wait. Move to State College, PA. and give me a call to assist in the relocation.

BELLEFONTE COUNTRY LIVING AND MINUTES TO EVERYTHING!

Garbrick Rd. Features

* 4 BR 2 Bath
* LARGE COUNTRY KITCHEN
* HARDWOOD AND PINE FLOORS THROUGHTOUT
*GORGEOUS WRAP AROUND DECKS FOR OUTDOOR LIVING
* GAS FIREPLACE
* PARTIALLY FINISHED BASEMENT

VISIT http://www.buybellefonte.com/ for all the details and photo's. This is a completly updated home in a great location adjacent to the Payne Soccer Fields and minutes to Bellefonte schools, Nittany Mall, and Penn State University. Perfect setting for entertaining with the large wrap around decks and lush landscaping. Large country kitchen with warm oak cabinets.

Take the chill off crisp Fall evenings with the gas fireplace surrounded by custom built-in Oak mantle and cabinets.

RAVING FANS REDUX

One more satisfied client and another RAVING FAN. I try to live my life in real estate as reflected in the famous quote by Vince Lombardi:

"The quality of a person's life is in direct proportion to their commitment to excellence, regardless of their chosen profession"

-Vince Lombardi

Dear Tim,

We can't begin to express our gratitude for all of your help during what can only be described as a difficult transaction. We firmly believe that your unending patience, negotiating expertise, communication skills, and professionalism were often the only things holding this contract together. You never pressured us at any juncture, and you were always willing to intelligently discuss issues with us instead of telling us exactly what we wanted to hear. Both of those qualities are difficult to find in a buyers agent, and they distinguish you as an honest and outstanding Realtor. We won't hesitate to recommend both you and Keller Williams to everyone within earshot.

After all, we love telling the story how you turned a potentially nightmarish transaction into a successful home purchase!

To thank you , we were going to include.....with this card.

Enjoy and Thank You,

Sara & Jasun

I edited the information that describes the gift the buyers wanted to bestow upon me. Certainly an unnecessary action on their behalf. I must say that you were probably the most educated buyers I have ever worked with and Sara knows more about real estate than most agents in this town.

I do look forward to working with all of your friends in the coming years and I will be honored to receive any referrals from you.

THE INCREDIBLE TRIPLE CLOSING HIGH WIRE ACT or,

(In the words of Dierks Bently) WHAT WAS I THINKIN'?

So there we are squirming at the closing table at 10:45 a.m. on a Friday morning. The sellers are anxious because they must step into their U-Haul and drive three hours to a walk-through and the closing of the new house they are purchasing. The closing company told us we could pop in at 10:00 a.m. and sign the HUD-1, drop off the deed, collect the proceeds from the sale of the clients existing home, and have them off in time for them to attend the closing of their new home hours away.

A funny thing happened on the way to the triple closing. No, that is not a new sport in the upcoming Olympics. It is a daring high wire act performed by Realtors, attorneys, and closing agents when there are three contingency contracts in play and all scheduled to close on the same day.

The single overriding important factor in maintaining your balance on the high wire and not tumbling to earth in agony in this situation is HONESTY. A secondary factor in this performance is for the type A personalities to take a chill pill and allow the professionals do their jobs. Unfortunately in the real estate business, the population of successful pros seem to be littered with overbearing type A's. I'm not sure the cause but that will be a post for another day.

A quick description of the choreography involved in our high wire act is as follows. Client A is relocating 3 hours away and agrees to a contingency purchase offer from client B. Client B must sell their existing home prior to purchasing client A's home. The contingency is removed in a week and client A places a contingency offer on a property hours away owned by client C. Of course the flaw in the performance exists because all three homes must close on the same day. Another problem arises with the Client C property 3 hours away. Since the Realtor representing client C does not know any of the actors in the first two transactions, and because she is an overbearing type A personality that treats other Realtors she doesn't know as school children, she constantly harasses and complains to the parties involved in the first two transactions.

For all of you type A Realtors out there I offer the following. Just because they do "IT" a certain way in your market, and just because certain lenders, attorneys, Realtors, and mortgage brokers are oily in your market, does not make it "SO" in my market. So, in an effort to improve our professional image I suggest that you take a chill pill and allow the pros to do their jobs. Enough of the editorial and back to the main feature: the high wire triple closing on a single day.

After awaiting the HUD-1 that turned out to be 45 minutes late, the broker walks in with the correct documentation and a big fat check for my sellers. They happily jump into an overstuffed U-Haul truck and head down the highway to the final closing of the day.

A successful triple closing pulled off by a group of professionals in State College, PA. with a bit of static coming three hours away. It is incredible to think how real estate transactions are so connected and what a web they weave.

The pros pulled off a triple contingency closing on a single day without any difficulty and at a total value of more than $700,000. Of course some of us never doubted the outcome.

INTERNET AD SPENDING SET TO OVERTAKE ALL OTHER MEDIA

That is not a headline I created but it dovetails with my last post relating to the source of buyers in a real estate transaction. A recent article (http://publications.mediapost.com/index.cfm?fuseaction=Articles.san&s=65282&Nid=33013&p=204904 ) detailed the emerging trend in advertising. The headline was in the industry periodical, ONLINE MEDIA DAILY, and the article describes the trend of advertising dollars flowing away from printed media and traditional television and into the new media relating to the internet.

The most important point to remember for sellers of real estate is quite simple. By 2011, spending of advertising dollars will reach $61.98 billion dollars and overtake newspapers as the number one medium for advertising dollars.

Sellers, please remember this point. If you want to reach buyers for your homes you will continue to reach them via the internet rather than in the printed media. Find a Realtor that has the best internet strategy and have them detail the strategy to you. If they tell you their internet strategy is a listing on Realtor.com run quickly away.

Of course you can find an internet savvy Realtor by calling Tim Rogers at Keller Williams Realty in State College, PA.

ATTENTION HOMESELLERS!

WHERE DO BUYERS COME FROM?

OR

WHY DO REALTORS SPEND HUGE DOLLARS IN THE NEWSPAPER?

A recent AP story (http://www.msnbc.msn.com/id/20025015/) highlights the trend of real estate advertising away from print and classified advertising in newspapers. This comes as no suprise to those of us at Keller Williams but I know it may be a shocker to sellers in the local market.

Full page real estate print ad's in the Sunday paper sure look nice and provide sellers with an insurance policy, but the truth is the printed "BLING" does little to actual sell houses. In fact it is little more than comfort food for sellers. They open the paper and feel comforted to know that their Realtor is doing everything they can to sell their home.

The truth is sellers need to start ordering their comfort food from a different menu and the menu is the internet. Statistics show that more than 80% of buyers begin and continue their home search online. Yes, that's 80%. Sellers, the big question you need to ask your Realtor is, "What is your internet strategy and how will the internet sell my house?"

For those sellers that take comfort in opening the Sunday paper to see a photo of your residence, I would hope that photo doesn't lead to a nasty case of indigestion and an unsold home.

Of course, cutting edge Realtors interested in selling homes quickly will be spending advertising dollars in places where the buyers will be spending their time; online. So, don't be too concerned when you open the Sunday CDT and you don't see a full page ad sponsored by Tim Rogers or Keller Williams. Rest assured that we are ahead of the trend and we are selling houses on the internet.

We will leave the printed indigestion to the competition.