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Do Quotient by Terry Adams

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Do Quotient by Terry Adams

Terry Adams

Do Quotient by Terry Adams

The Housing Hour is honored to have Terry Adams and Phillis Burnett of  Adams Law Firm and Admiral Title as our show  sponsor but we are extremely  proud to announce Terry’s recent article in Cityview Magazine and soon to be new book: Do Quotient.

“Today is a big day for us. After more than 7 years of research we have officially announced the Do Quotient to the world in this months Cityview magazine. There will be much more to come, including a book this year of the same title. We believe that this added value approach to counseling clients is the future of practicing law & will provide a framework for success in business & life.”  Terry Adams

Listen to our interview with Terry as he talks about his career, interests and Do Quotient!

Solar Power had record year!

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aries

Over 3.3 gigawatts of solar power were installed last year!

Check our interview with ARiES Energy’s  Harvey Abouelata President/CEO:

Solar Power had record year with over 3.3 gigawatts of solar power  installed last year, according to a report Thursday from the Solar Energy Industries Association, a trade group. That’s enough to power about 500,000 homes, and it was a 76% increase from 2011.

The industry credited the jump to the declining price of solar panels, stable tax incentives and better financing options.

“We’ve brought more new solar online in 2012 than in the three prior years combined,” SEIA head Rhone Resch said in a statement. “And every one of these panels was bolted down by a member of the U.S. workforce.”

The industry estimates it now employs 119,000 people in the United States — a 13% jump over last year. It’s expecting another record year for solar installations in 2013.

Related: SolarCity CEO talks the future of solar power

The price of solar panels has declined 60% since the beginning of 2011, according to SEIA. Lower prices for silicon — a main ingredient in the panels — and massive investments in manufacturing capacity, especially by the Chinese, have helped push down prices.

These price declines have squeezed profit margins for solar panel makers. Several have filed for bankruptcy over the past couple of years, including Solyndra, Abound, Evergreen and Q-Cells.

Analysts expect more bankruptcies in the years ahead, as prices continue to fall and smaller, less efficient companies get pushed out. The situation is sometimes compared to the dawn of the auto age, when there used to be dozens of carmakers before consolidation led to just the Big Three.

But falling prices are clearly a boon for consumers and companies that specialize in the sales and instillation of solar panels, such as Solar City (SCTY), Sunrun and a host of others.

While solar power still represents a small fraction of the nation’s overall electricity generation — under 1% in 2012, according to the engineering and consulting firm Black & Veatch, it’s expected to grow substantially over the next couple of decades.

The cost of solar power is competitive with other energy sources in some U.S. markets, such as California and New Jersey, where subsidies are generous and the price of electricity is high. But if you exclude the big subsides and mandates the industry enjoys, the U.S. Energy Information Administration says the cost for new solar electricity nationwide is still more than twice that of the nation’s cheapest power source — CNN

Home Staging: Things You need to know!

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Home Staging: Top Ten Reasons NOT To Stage Your Home

(Tongue in cheek version )
By Bonnie Allen
Click to Email
865-591-3001

Home StagingHome Staging
By Bonnie Allen

Here’s a List You Haven’t Seen Before

There are lots of “Top Ten” lists out there but this one for home staging you haven’t seen before.   We’ve seen them for best jobs, movies, songs, books, schools, cities for singles, cities for families, cities to retire in, but here’s one I bet you haven’t seen.

It’s the “Top Ten reasons NOT to Stage Your Home”.

What’s that you say….ten reasons not to stage your home?

Well, read on, if you have ever sold a home, I’ll bet you have said or at least thought of at least one of these reasons.  However, once you have seen the benefit and results of a professionally staged property, you will do as I did and get a chuckle out of this list.

For those who have never seen the difference between a staged home vs. a non staged home, some of these reasons may even seem to make sense…but don’t be fooled, today’s buyers are informed and have high expectations of what they demand in a home and if your home doesn’t meet those expectations, those buyers have no problem moving on to the next listing!

So read on and enjoy and be sure that you are not using any of these reasons in your during your selling process!

Top Ten Reasons NOT To Stage Your Home

1. We want to test the market for 90 days.And on the 91st day?  Price reduction–and 90 days worth of potential buyers who have already eliminated your property.

2. It costs too much money. I have never seen a home where the staging costs would have exceeded the first price reduction.  And that doesn’t even factor in the monthly carrying cost of the home.

3. We can’t stage the house, we’re living in it. One common misconception is that staging is only for vacant homes.  Every home/condo can be staged, and you can actually live in it after staging.

4. We didn’t have to stage any of the other properties we sold over the years. Yes, once upon a time you could generate three offers by 5 p.m. on the same day your Realtor put the For Sale sign in your yard.  Not now.  Buyers are picky and they have a lot of homes to choose from.

5. Everyone loves our house so buyers will love it, too. What you, your friends and relatives love about your house may not be what today’s buyer wants.  Sellers are often baffled by the feedback they get after showings–amazed that buyers have found things they don’t like about the property.

6. We can clean the carpets and declutter without someone telling us how. Yes, you can (and should) do this, but it is a tiny piece of staging.  Do you know what separates  “clutter” from “asset”?  And what about all the other things that staging encompasses, like traffic flows, highlighting architectural features, updating, and appealing to your target market?

7. We have no desire to remove/change our _______________ (wallpaper/mirrored tile/gold faucets/paneling/dated light fixtures . . .). And neither do buyers.  Better to keep your home or be ready to sell at a deep discount.

8. The view alone will sell this place. Then why many months later are these great view homes/condos still on the market?  Could it be that buyers want something to go with the view–like a comfortable, move-in ready home?

9. We would rather let the buyers makes their own paint/flooring choices. And that equals a price reduction.  If buyers do make an offer on your home they will double or triple the cost of these items and reflect that in their discounted offer price–which includes a deduction for the inconvenience.

10. Our home is professionally decorated. A professionally decorated home is tailored to the owner’s particular needs.  Does it work for the new buyer’s needs?  You could see #1 above . . . .

These are all great reasons–

  • for price reductions
  • for extended time on the market
  • for buyers not coming to look at your home
  • for buyers not coming back for a second look

There are dozens of reasons not to stage, but only one good reason to stage–getting your home sold faster for the highest possible price.  Staging is preparing your home for sale and creating a home that buyers want to buy.  If you want to be in the best competitive position in this market today, consult with Classic Designs Home Staging before listing your property for sale.

As a special offer for the listeners of The Housing Hour with Kevin Rhea and Mark Griffith, any client who mentions the show will be eligible for a $50 discount off  the price of a home staging consultation.

Call today for more information and to book your appointment.

Bonnie Allen
Classic Designs Home Staging
865.591.3001
Classicdesigns1@gmail.com
Classicdesignstaging.com

Boomerang Buyers….eh, what?

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Boomerang The housing bust of 2007 has caused one big mess in our country but during this crisis, maybe as a way to help  understand or explain it, media outlets and others have created  new terms to describe market conditions.  Terms like, Zombie foreclosures, Zombie subdivisions, robo-signers, and now the Wall Street Journal has started a new category: Boomerang Buyers.

Boomerang Buyers are former home owners who lost their home during the housing crisis but now are possibly eligible to re-enter the home buying market. Estimates range around 800,000 buyers are now eligible for FHA financing. This number is up from approximately 285,000 in 2011 and is estimated to raise to 1.5 million in 2014.

So exactly what is required of the Boomerang buyer  to be eligible for mortgage financing after a foreclosure?

The answer depends on the type of mortgage you’re applying for along with many other important factors(like credit and credit scores to name only two) but one of the 1st requirements are time frames. Conforming loan requirements like FNMA/FreddieMac require a combination of a certain number of years and specific percentage down payment. Government loans vary too, VA minimum requirement is 2 years while FHA is 3 years. But time frames and down payment requirements are only the start. There are many other factors that must be considered and its important to note there are always exceptions to these rules.

Here’s the bottom line, if you were financially effected during the housing crisis, you still may be eligible for home financing. The best way to find out is to contact one of our MIG Loan officers and start the discussion and the qualification process.

Who knows, you may be a potential boomerang buyer and didn’t even know it!

Air Date 3-9-13: Home Ownership Matters: The Why!

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We Continue with our Home Ownership Matters Series!

 Dr. Kim Manturuk is the Senior Research Associate in Financial Services at the Center for Community Capital, a research institute at the University of North Carolina at Chapel Hill.

Home ownership matters and Dr. Manturuk research focuses on  the social and financial impacts of home-ownership in urban neighborhoods.  Her recent research has appeared in Socio-Economics, Social Service Review, Social Science Research, and the Journal of Urban Affairs.  She received her PhD in sociology from the University of North Carolina in Chapel Hill.

Our topics include :

  • Social Benefits Home Ownership vs Renting
  • Civil Engagement because of Home Ownership
  • Mental Health Benefit of Home Ownership!

Dr. Manturuk’s research and testimony  has been called in front of the House of Representatives as a source for future policy making for our nations housing crisis. Also, most national housing agency, like Fannie Mae/Freddie Mac use her research to help craft agency goals. The National Realtor Association use her research as well!

Everyone quotes her….The Housing Hour has her…this Saturday!

Plus her research can also be found in the latest book click on photo to order yours today!

Kim photo

home ownership matters

Will You Be My Valentine? Weird and Wacky Mating Rituals of Household Bugs

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Click for our multi-part:  Home Insect Series!

Will You Be My Valentine? Weird and Wacky Mating Rituals of Bugs


 February 14, 2013

The Housing Hour takes a look at odd insect mating habits

Forget flowers and chocolates this Valentine’s Day. When it comes to wooing a mate many insect species have their own, unique ways of attracting the opposite sex. In honor of Valentine’s Day, the National Pest Management Association (NPMA) explores some of these strange mating habits.

Bed bugs

If you’ve ever had a bed bug infestation, you know how quickly a few bugs can turn into hundreds, but what you may not know is justhowall those bed bugs come to be. Bed bugs practice a mating behavior known as “traumatic insemination” where the male pierces the abdomen of the female.

Kissing bugs

The name “kissing bug” might lead you to believe we’re talking about a disease you can pick up from smooching your Valentine, but kissing bugs are actual insects. Named for their tendency to bite the faces and lips of humans while they sleep, kissing bugs can cause welts and allergic reactions. This blood meal is necessary for male kissing bugs to mate and for the female kissing bug to lay eggs.

Termites

Female termites release ‘mating pheromones,’ much like perfume, to entice male termites. Once males locates the alluring females, they break off their wings, symbolizing they are a couple.

Fire ants

In fire ant colonies, the queen ant is in charge of egg laying, and can even control how many male and female eggs she lays. Her goal is to produce another queen, which needs males to mate and produce a colony. Worker ants, however, have no use for males, which die after mating. When the queen needs males, she can overwhelm the colony with male eggs. The female workers kill many of the males, but they can’t kill them all.

Roaches

American cockroaches engage in courtship rituals before mating. Females begin courtship by raising their wings, exposing their integral membranes  and releasing a pheromone that attracts males. This stance is referred to as the calling position.

Attracted males approach females and flap their wings to denote interest.

After fertilization, a female American cockroach produces an egg case known as an ootheca. The female carries the ootheca on her abdomen for a short time, usually a day or two. After that, she deposits it in a warm humid location.

Nymphs emerge within 38 days and complete their development within six to 12 months. The life span of the American cockroach ranges from one to 1.5 years.

Black Widows

Black widow mating occurs in springtime. In rare cases, black widow females consume males after mating, feeding on them as sources of nutrients needed for egg fertilization. Female black widow spiders can produce several egg sacs in summer months. These sacs are tightly woven, silken cups and are protected fiercely by the female until they hatch.

Egg sacs are white, tan or gray in color and have a paper-like texture. They may be pear-shaped or globular. Each egg sac contains hundreds of eggs, from which hundreds of spiderlings emerge. However, only a handful of these young survive, as black widows are cannibalistic during the early stages of their lives.

Surviving spiderlings undergo molting stages known as instars. Compared to females, males generally require fewer molts to reach maturity. Many spiderlings overwinter as immatures, and then they mature fully the following spring. Although the expected lifespan of black widow spiders is one year, some specimens have been known to live up three years.

If you suspect a pest infestation in your home, contact a pest professional to cut the courtship short. To learn more about pests, their mating habits and pest-proofing your home, visit PestWorld.org.

Check out our Love Bug Series!

Housing to Drive Economic Growth (Finally!)

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Economists expect the housing market to be the primary driver of growth this year.

The bursting of the housing bubble plunged the economy into a recession from which it has yet to fully recover. But economists say this could finally be the year that housing lifts us out of the doldrums.

Just over half of economists surveyed by CNNMoney identified a housing recovery as the primary driver of economic growth this year. The rest were split fairly evenly between consumer spending, increased domestic energy production and stimulus from the Federal Reserve as major growth drivers.

“Homebuilding activity will likely remain the strongest growing component of the economy in 2013,” said Keith Hembre, chief economist of Nuveen Asset Management. “After several years of excess supply, demand and supply conditions are now in much better balance.”

Home sales rebounded to the strongest level in five years in 2012, as home building bounced back to levels not seen since early in the recession. Near record low mortgage rates, rising home prices and a drop in foreclosures have combined to bring buyers back to the market.

The economists surveyed also forecast that there will be just under 1 million housing starts this year — roughly matching the 28% rise in home building in 2012. Moody’s Analytics is forecasting much stronger growth — a 50% rise both this year and next year, which it estimates will create more than 1 million new jobs.

“There’s a lot of pent-up demand for housing, and very little supply,” said Celia Chen, housing economist for Moody’s Analytics. “As demand continues to improve, home builders have nothing to sell. They’ll have to build.” She said that growth in building will mean adding not just construction jobs, but also manufacturing jobs building the appliances and furniture needed in the new homes, which in turn drives overall consumption higher.

And economists say the tight supply and renewed demand for housing should lead to higher home values — about a 3.7% increase according to the survey.

“One of the most significant indirect effects from the housing recovery is the ‘wealth effect’ on consumers due to the recovery in home prices,” said Joseph LaVorgna, chief U.S. economist of Deutsche Bank, who said better home values can affect both consumer psychology on spending as well as their actual finances.

“Even small moves in home prices can have large effects on consumption, because housing comprises such a significant share of household assets,” he said.

cnn

Air Date 12/8/12 : Protecting Your Identity!

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Presented by:

Mortgage Investors Group

Check Robert’s FB

Robert Talks with Dr. Drew about his experience after he crossed the finish line;

Our Guest: ROBERT SICILIANO, CEO of IDTheftSecurity.com

Author and  McAfee Identity Theft Expert

Robert Siciliano is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His “tell it like it is” style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment’s notice on breaking news.

Joins us for an intense hour of, ‘… things you wish you knew before your identity was stolen!’

Plus: Order your copy of Robert’s top selling book:

Order your copy today!
Robert has national media credentials including hard hitting and provocative contributions to The Today Show, CBS Early Show, CNN, MSNBC, CNBC, Fox News, Inside Edition, EXTRA, Tyra Banks, Sally Jessie, Montel, Maury, Howard Stern, The Wall Street Journal, USA Today, Forbes, BusinessWeek, Cosmopolitan, Good Housekeeping, Reader’s Digest, Consumer Digest, Smart Money, the New York Times, the Washington Post, and many more.

In addition to his role as a frequently quoted television news correspondent, Robert is also the author of “The Safety Minute:” Living on High Alert – How to Take Control of Your Personal Security and Prevent Fraud.”

Check out this short video:

Air Date 12/01/12 – Energy Efficiency Part 6: The Energy Audit!

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Scott Higgins of Prudent Energy Systems is special guest:

Today our Energy Efficiency series focuses on a complete energy audit of your home. Prudent Energy systems is a full service home performance building company serving the Knoxville area.  Their services include:

They work to maximize your home’s energy efficiency, eradicate any indoor air quality and other safety problems at the source, and optimize building durability and integrity.  Capable of working as a 3rd party verifier or as a turnkey performance contractor, we will work to ensure your goals are achieved. We’re certified, verified, and have over 20 years of experience under our tool belt.

Home Energy Evaluations: Great Information for Existing Homes

Chances are, you’re spending much more on utility bills than you need to be.  A home energy audit gives you the opportunity to fix that.  Using the latest technology, including a blower door to assess air leakage, a duct blaster to assess duct leakage and infrared thermography, a comprehensive home energy audit will point out leaks in your home’s thermal envelope, deficiencies in insulation, and other opportunities to stop heat loss and reduce energy consumption, while improving the comfort and safety of your home. In addition to recommending fixes to reduce energy, we’ll also evaluate carbon monoxide safety, mold and other air quality issues and improvements to temperature and lighting comfort. Our comprehensive audit report will include a prioritized list of potential improvements, and an estimate of the savings our recommended work will likely lead to.

Video of the Home audit:

The Housing Hour 6.30.12 — MIG HEROES

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The Housing Hour 6.30.12 Special MIG HEROES by The Housing Hour