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Nancy Jenkins, CRB, CRS

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We LOVE testimonials!

by Nancy Jenkins, CRB, CRS

Dear Jenkins Team – Nancy, Bryan, Carol, Ruth, 

I should have written to you well before I received the attached prompt. The service and support that I received from your team, from minute 1 through the closing, was amazing!

When Nancy left my house after our initial meeting she gave me her cell phone number and said that I should feel free to call her at any time and she would respond in a timely manner. I remember thinking, right, someone on her team, maybe but not her personally, how could that be possible? Well, she lived up to that guarantee, as well as every other that she laid out that first evening at my dining room table.

I quickly learned that I could rely upon and trust Nancy and her team to represent me and my best interests at all times. I commented several times during our time together that the Jenkins Team was a well oiled machine, a very friendly, highly competent, extremely hard working, efficient and dedicated tea. Individually and a as a team you worked together to make the process of selling my home a positive memory, rather than some sort of nightmare.

Thank you again for everything. The next time I need a realtor you are certainly going to be “my people”. 

                          Judi Maynard - November 23, 2009

The Nancy Jenkins Team is Now On Twitter!

by Nancy Jenkins, CRB, CRS

twitter-logo

The Nancy Jenkins Team is now on Twitter, are you? If so click to become a follower and be the first to hear about new and exciting updates in Vermont Real Estate news.

http://twitter.com/nancyjenkinsvt

Real Estate Market Leaders Reunite Behind Industry’s Leading Educational Provider

by Nancy Jenkins, CRB, CRS

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Under new management, and with the support of the top-producing agents in North America, StarPower continues its 20-year tradition of elevating the standard of care in the real estate industry.

 

South Burlington, VT – StarPower, the number-one brand in real estate education, announced a transition of leadership to Alex Charfen, a leading trainer, author, coach, speaker and StarPower Star. The announcement was made at Star Advance, the organization’s annual leadership meeting at The Ritz-Carlton, Lake Las Vegas in Henderson, Nevada.

 

“StarPower will remain the most relevant, recognized leader in real estate education,” Charfen said. “With the dedicated involvement of our StarPower Stars, the contributions to the advancement of the real estate industry and our success as an organization are assured.”

 

Founded by industry icon Howard Brinton, StarPower is an organization focused on elevating the standard of care in the real estate industry. Each month a new StarPower Star is selected based upon achievements in sales, leadership, business acumen and a willingness to share the lessons of their success with others. This has helped StarPower Stars typically average more than $35 million in annual sales volume and more than 200 transactions per year. Less than 300 real estate agents have achieved the distinction of StarPower Star, making it the most exclusive designation in the industry.

 

After news of the transition was presented at Star Advance, StarPower Stars Nancy Jenkins and Bryan Jackson of Nancy Jenkins Team at Prudential Realty Mart announced support of the new management and strategic direction of the StarPower brand.

 

“We couldn’t be more excited to be a part of the future of StarPower, and to increase our positive impact upon the real estate community,” Jenkins said.

 

“In the current economic climate, we have the opportunity to make a real difference in the personal and professional lives of countless real estate professionals,” Jenkins added. “As a StarPower Star and leader in my market, there is a responsibility to share the lessons of my success with others. In this way, StarPower Stars are actively improving the industry we have chosen to be a part of.”

 

On a monthly basis, StarPower Club members receive the strategies, tools, insights and perspectives that have helped StarPower Stars realize success. The StarPower Annual Conference, one of the best-attended conferences in the industry each year, will continue its presence on the real estate calendar. Details on the conference will be announced in the near future, Charfen said.

 

For more information, contact:

 

Nancy Jenkins

Nancy Jenkins Team

Prudential Realty Mart

802-846-4888

info@nancyjenkins.com

www.nancyjenkins.com

WSJ.com; Report: Some Home Prices to Bottom Out in 2009

by Nancy Jenkins, CRB, CRS

Report: Some Home Prices to Bottom Out in 2009
By JAMES R. HAGERTY

This article was published Feb. 6, 2009. Because of republication issues, it may be improperly showing up as a new article in some news feeds.

House prices in much of the U.S. will bottom out in this year's fourth quarter, Moody's Economy.com says in a new report.

In some of the hardest hit markets, however, prices won't reach a bottom until 2010 or 2011, the research firm says in a report written by its chief economist, Mark Zandi.

"Despite the darkening national economic outlook and the weak conditions in the housing market, some positive signs give hope that a bottom in the housing market is coming into view," the report says.

It cites signs that home sales are stabilizing as people snap up bargains on foreclosures, a decline in the supply of unsold homes in many areas and expectations of moves by the Obama administration "that will help place a floor under the housing downturn." Those measures could include lowering mortgage rates further, preventing more foreclosures and generating jobs through higher federal spending.

On average, house prices nationwide will hit bottom in this year's fourth quarter at a level 36% below the peak reached in the first quarter of 2006, the report says. The price measure is based on the Fiserv Case-Shiller index.

But some areas will be hit much harder. For instance, the Naples-Marco Island, Fla., area is expected to bottom out in the fourth quarter of 2010 with prices 70% below the peak. The report projects that peak-to-trough declines for metro areas will be 66% in Miami, Fla., 63% in Riverside-San Bernardino, Calif., 58% in Phoenix, 56% in Las Vegas, 53% in Los Angeles, 38% in Washington and 33% in New York. Within those metro areas, different neighborhoods are likely to show very divergent performances; the most desirable areas near good schools and jobs are faring much better than other places.

The peak-to-trough decline will exceed 10% in nearly 62% of the nation's 381 metro areas, the report says, and the drop will be above 20% in about 100 metro areas.

The report is based on a forecast that the recession will end late this year, followed by a "lackluster" recovery. "A number of uncertainties in both the housing and economic outlooks remain, and the risks tilt to the downside," Mr. Zandi says.

(Full Article)

Investor & Buyer Seminar Monday March 9th!

by Nancy Jenkins, CRB, CRS

$8000 Tax Credit for Vermont Homebuyers

by Nancy Jenkins, CRB, CRS

Yesterday President Obama signed into law the Stimulus Package which gives buyers who have not owned a home in three years an $8000 tax credit for homes closed before December 1, 2009. There are income limits for both single and dual income buyers, read the article below. Now is a great time to buy a home with interest rates near all time lows. 

-Nancy Jenkins

Stimulus Plan First-Time Homebuyer Tax Credit

The Stimulus Plan was signed into law by President Obama today. It contains a new tax credit for first-time homebuyers. Essentially, first-time homebuyers within certain income limits who purchase a home in 2009 before December 1, 2009 will receive a tax credit of up to $8,000. The program is similar to the $7,500 tax credit which applied to home purchases made in 2008 after April 9. A comparison of the two credit programs is outlined below.

While the Stimulus Plan was still being debated, the Senate version originally included a $15,000 tax credit for all homebuyers. To lower the cost of the Stimulus Plan, the final version of the Plan contained this smaller tax credit, and this tax credit is applicable only to first-time homebuyers.

To qualify as a first-time home buyer as defined in the programs, the purchaser (and the purchaser's spouse) may not have owned a home in the three years prior to the purchase date of the home. Single family homes qualify for the program. The home must be the primary residence.

Both tax credits are subject to the same adjusted gross income limitations (full credit for AGI less than $75,000 single/$150,000 joint, phased out for AGI up to $95,000 single/ $170,000 joint).

The amount for either credit is the lesser of 10% of the home purchase price or $7,500 or $8,000, as applicable.

While a purchaser still owns the home, the $7,500 credit must be repaid in equal payments over a period of 15 years, starting with the 2010 tax filing. The $8,000 credit will not need to be repaid. Again, the $7,500 credit needs to be repaid, while the $8,000 credit does not!

Upon sale of the home, any portion of the $7,500 credit not yet repaid is due in full. A portion of the $8,000 credit is due upon sale of the home, if the home is owned for more than three years. If the home is sold within the first three years, the full amount of the credit is due upon sale.

The $7,500 credit was not available to any purchaser utilizing state/local revenue bond money to help finance the home purchase. There is no such restriction on the $8,000 credit.

Under both the $7,500 and the $8,000 programs, the credit will be claimed on the purchaser's income taxes. Any amount in excess of taxes owed will be refunded to the purchaser.

Additional information about the tax credit can be found on the websites of the National Association of Realtors (

 

www.realtor.org) and the National Association of Home Builders (www.nahb.org).

Home Buyer Seminar Tonight!

by Nancy Jenkins, CRB, CRS

2009 Homeowner Seminars

StarTribune.com: Staying Safe On the Ice - Ice Thickness Chart

by Nancy Jenkins, CRB, CRS

Our friends at the Larson Team in Minnesota shared this ice thickness chart with us. It's a good gauge for staying safe on Lake Champlain or any ice covered surface here in Vermont. For other helpful tips and information, visit the full article here.

-Nancy

Ice Thickness Chart



27 August 2008
Prudential Real Estate Ranked Highest for Seller Satisfaction in J.D. Power and Associates' 2008 Home Buyer/Seller Study

IRVINE, Calif., August 27, 2008 - Prudential Real Estate Affiliates, Inc., a Prudential Financial, Inc. (NYSE: PRU) company, today announced that Prudential Real Estate ranks Highest Satisfaction for Home Sellers Among National Full Service Real Estate Firms in J.D. Power and Associates 2008 Home Buyer/Seller StudySM.

The inaugural study measures customer satisfaction of home sellers and buyers with major national real estate companies. Overall satisfaction is determined by examining four factors for the home-selling experience: agent (43%); marketing (38%); office (12%); and services (7%).

Among home sellers, Prudential Real Estate achieved a score of 793 on a 1,000-point scale and Prudential Real Estate received particularly high ratings from customers in the marketing and office factors.

We are very proud of this distinction, as it underscores the quality of our affiliates and their hard-working sales professionals, said Laurie Keenan, president of Prudential Real Estate Affiliates. Our sales professionals are local experts, and sellers appreciate their ability to market and price homes right along with providing exceptional, attentive service.

The study finds that despite the popularity of home selling and buying resources on the Internet, the real estate sales professional remains key to customer satisfaction with real estate companies. A large proportion of both home sellers and buyers rely on the Internet to facilitate the real estate process, with 61 percent of sellers saying that they used Internet tools to help them in the purchase process, and 68 percent of buyers reporting that they used a website listing to market their home. In addition, among home sellers, online methods are the most important aspect of marketing.

However, the sales professional carries the greatest importance among the factors that comprise overall satisfaction among both home sellers and buyers.

According to J.D. Power and Associates, although the Internet provides real estate consumers with the ability to perform some essential tasks such as listing a home for sale or researching a neighborhood in which to purchase a home it still does not replace the importance of a good sales professional. The knowledge and expertise provided by experienced sales professionals are important benefits of using a full-service real estate company.

The study also finds that the average time a respondents home remained on the market was slightly more than six months; although home sellers represented by the top-ranking real estate companies report that their homes were on the market for slightly less time approximately five and a half months, on average.

Satisfaction averages 794 among those customers whose homes sold within five months or less, but declines considerably to an average of 730 among customers whose homes took seven months or longer to sell, the study showed. A real estate company that provides sales professionals who are skilled at determining the appropriate market value and listing price for homes, and who can effectively market properties, can help minimize the time that clients homes remain on the market which can save the seller money, inconvenience and anxiety.

Nearly one-half of respondents in the study (46%) reported using recommendations from family or friends to find their real estate sales professional. Approximately 28 percent used the Internet, 23 percent used a sales professional they had used previously and 11 percent used a printed real estate guide.

The study reports that home buyers were shown an average of 13 homes before they made a purchase. Home sellers reported that, on average, their home was shown 11 times, and about five open houses were conducted before a sale occurred.

The 2008 Home Buyer/Seller Study includes 3,670 evaluations from 3,205 respondents who bought or sold a home between April 2007 and June 2008.

Based in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The companys quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on cell phone ratings, car reviews and ratings, car insurance, health insurance and more, visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

Prudential Real Estate and Relocation Services, Inc. is Prudentials integrated real estate brokerage franchise and relocation services business. Prudential Real Estate franchises are independently owned and operated. Companies are selected based upon outstanding performance records, high levels of customer service and shared business values with those of Prudential. Prudential Real Estate provides franchises with business strategies using Operation Reviews as well as numerous benefits, including access to Prudential Real Estates Online Seller AdvantageSM program designed to provide real-time information to sellers with the touch of a keystroke. Prudential Real Estate is one of the largest real estate brokerage franchise networks in North America, with nearly 2,100 franchise offices and approximately 64,000 sales professionals in the franchise Network as of June 30, 2008.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $638 billion of assets under management as of June 30, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The companys well-known Rock® symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.

Vermont DPS Updates Smoke Detector Laws January 1, 2009

by Nancy Jenkins, CRB, CRS

As of January 1, 2009 Vermont’s smoke detector laws have changed. All homes sold after January 1st are required to have Photoelectric Alarms. The State of Vermont Division of Public Safely has put together this handy fact sheet outlining the new requirements. For additional information, visit their website, here.

 

-Nancy

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Nancy Jenkins
Nancy Jenkins Real Estate
140 Kennedy Drive, Suite 102
South Burlington VT 05403
802-846-4888
Fax: 802-846-4899