Recipe of the Month: January 2012

I just made this delicious and easy crockpot chicken tortilla soup today! It was very easy and had the perfect amount of spice.

Slow-Cooker Chicken Tortilla Soup

Ingredients

• 1 pound shredded, cooked chicken
• 1 (15 ounce) can whole peeled tomatoes, mashed
• 1 (10 ounce) can enchilada sauce
• 1 medium onion, chopped
• 1 (4 ounce) can chopped green chile peppers
• 2 cloves garlic, minced
• 2 cups water
• 1 (14.5 ounce) can chicken broth
• 1 teaspoon cumin
• 1 teaspoon chili powder
• 1 teaspoon salt
• 1/4 teaspoon black pepper
• 1 bay leaf
• 1 (10 ounce) package frozen corn
• 1 tablespoon chopped cilantro
• 7 corn tortillas
• vegetable oil

Directions

1. Place chicken, tomatoes, enchilada sauce, onion, green chiles, and garlic into a slow cooker. Pour in water and chicken broth, and season with cumin, chili powder, salt, pepper, and bay leaf. Stir in corn and cilantro. Cover, and cook on Low setting for 6 to 8 hours or on High setting for 3 to 4 hours.
2. Preheat oven to 400 degrees F (200 degrees C).
3. Lightly brush both sides of tortillas with oil. Cut tortillas into strips, then spread on a baking sheet.
4. Bake in preheated oven until crisp, about 10 to 15 minutes. To serve, sprinkle tortilla strips over soup.

I did make some changes to mine. Here's what I did differently:

• I did not cook the chicken first. I read in some of the reviews that people just put the chicken in uncooked and shredded it later. I cooked my soup on high for 3 hours and then shredded the chicken. Then I cooked it on low for another 2 hours.
• I used the hot red enchilada sauce. Since the recipe did not specify green or red, I used the spiciest and it was not too spicy at all.
• I did not cook tortilla shells. Instead, I made a side of homemade guacamole with whole grain tortilla chips and topped my soup with some raw chopped sweet onion for a little crunch.

Here is the link to the recipe on allrecipes.com website: http://allrecipes.com/recipe/slow-cooker-chicken-tortilla-soup/detail.aspx

I'm glad to start the New Year off with some spice! I hope you try this recipe and it comes out as delicious for you as it did for me!

- Ashley

Top reasons to sell home in winter

Top reasons to sell home in winter

Aside from less competition, low borrowing costs give buyers incentive

By Dian Hymer
Inman News™
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We're getting close to the end of the year, which begs the question of whether it's worthwhile trying to sell your home now. Is it a waste of time? Will it sit on the market and become shopworn? Should I take my house off the market for the holidays? Will the home-sale market be better for sellers in 2012?

The first question you need to ask yourself is: Are you emotionally prepared to sell? Selling is a challenge for most sellers, although some markets are better than others. Unless you bought more than eight to 10 years ago and preserved your equity, you may not be able to sell for enough to pay off the mortgages secured against the property and the other costs of selling.

For sellers who have no additional assets, a short sale or foreclosure may be the only option. If so, first look into government programs that might help you out financially. Also, talk to your attorney and tax adviser.

Sellers who have the resources to make up the difference between the sale price and the amount they owe need to ask themselves if they are willing to pay the additional cash in order to sell and move on.

There are two reasons why you might prefer bringing cash to closing. One is that your credit will not be negatively impacted, as would be the case with a short sale or foreclosure. The second is that many buyers shy away from short sales because of the lengthy and uncertain process involved.

The next thing to consider is the condition of your home. Is it ready for the market? The most salable homes are those that are in move-in condition.

Before racing to the hardware store, ask your REALTOR® about how much competition there would be for your home if you put it on the market before the holidays. Some areas are shy on inventory of good homes on the market. If so, now could be a good time to sell.

HOUSE HUNTING TIP: The supply/demand ratio plays a significant role in the health of a local real estate market. No matter what is said about the housing market nationally, it's the local picture that tells the tale in terms of the possibility of selling your home at any given time.

Most sellers don't put their homes on the market during the last or first couple of months of the year. The inventory of homes for sale tends to dwindle during the winter months. Interest rates are low. So, if there are buyers in your local market, you may be at an advantage selling when most sellers are waiting.

Some sellers feel that if they've waited this long to sell, they should put the process on hold until spring and get the house ready in the meantime. Certainly, it's not a good idea to put your house on the market until it looks great. But if you and your house are ready to sell, move ahead.

The market in general tends to slow down over the holidays. But rather than pull your house off the market and miss a likely prospect, change the showing procedure to require advance notice. And enjoy your holidays. A sale before year end could be a great holiday gift.

There is a lot of pent-up demand, on both the buyer and seller sides. Sellers have been waiting for a better time to sell. Buyers have been waiting for more quality inventory and a sense that prices have bottomed or are close to it.

THE CLOSING: Recent projections call for another five or so years of bouncing along close to the bottom of this market cycle. Many experts believe that the big price declines are behind us.

Dian Hymer, a real estate broker with more than 30 years' experience, is a nationally syndicated real estate columnist and author of "House Hunting: The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide."

Recipe of the Month: October 2011

Pumpkin Bread

Cook Time: 1 hour

Total Time: 1 hour

Ingredients:

• 3 1/2 cups all-purpose flour
• 2 1/2 cups sugar
• 1 1/2 teaspoons salt
• 2 teaspoons baking soda
• 1 1/2 teaspoons ground cinnamon
• 1 teaspoon ground nutmeg
• 1 can (16 ounces) pumpkin purée
• 1 cup vegetable oil
• 4 eggs

Preparation:

Grease and flour two 9x5x3-inch loaf pans. In a large mixing bowl, combine flour, sugar, salt, baking soda, cinnamon, and nutmeg. In a separate bowl, stir together the pumpkin and oil.

Beat in eggs, one at a time, beating well after each addition.

Make a well in the center of the flour mixture; add pumpkin mixture. Stir just until dry ingredients are moistened. Pour batter into prepared pans. Bake at 350° for 1 hour, or until a wooden pick or cake tester inserted in center comes out clean.

Makes 2 loaves of pumpkin bread.

Source: http://southernfood.about.com/od/pumpkinbreadrecipes/r/bl40328i.htm

Agents Urged to Review Safety After Shooting

Daily Real Estate News | April 13, 2011

Agents Urged to Review Safety After Shooting 

Following the death of a 27-year-old real estate agent in Iowa last Friday, real estate professionals in the state and elsewhere are being urged to review safety procedures to learn how they can better protect themselves while on the job.

Ashley Okland, an Iowa Realty agent, was fatally wounded in West Des Moines while holding an open house at a model townhome on Friday. Police have yet to identify a suspect and have released few leads.

"It's unfortunate that it takes such a horrible tragedy to increase awareness," says Kurt Schade, president of the Iowa Association of REALTORS®.

According to a 2010 U.S. Department of Labor report, 71 industry-related "real estate and rental and leasing" deaths occurred in 2009--30 of which were homicides.

Tracey Hawkins, a former real estate professional who owns Safety and Security Source, says that agents are often at risk since they’re meeting with strangers at empty homes, holding open houses, and agents are often perceived as wealthy and have photos with their listings that could attract potential criminals.

Hawkins told the Des Moines Register that with a sluggish housing market, she has noticed an increase in safety threats posed to agents. She says real estate professionals are being exposed to new dangers, such as encountering squatters or finding drug labs in foreclosed homes.

Iowa Agents Shaken

Shortly after news broke of the shooting of Okland on Friday, most real estate agencies in West Des Moines canceled their weekend open houses due to safety concerns with a shooter still at large.

Earlier this year, another Iowa real estate professional had been attacked during a showing by two men and was held at knife point, tied up, and robbed. She was able to escape, and the two men were later arrested and charged.

But the two safety incidents so close together has many real estate professionals in the state on edge.

"One thing we've learned is that no one is immune,” says Les Sulgrove, president of the Des Moines Area Association of REALTORS®. “We're all exposed. You can't say it won't happen to me."

Source: “Realtors Group Pushing Safety,” Des Moines Register (April 12, 2011) and “Real Estate Job Carries Risks, Experts Say After Agent Killed in West Des Moines,” Des Moines Register (April 11, 2011)

NAR Applauds Short Sales Bill

Daily Real Estate News | April 13, 2011

NAR Applauds Short Sales Bill 

A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the NATIONAL ASSOCIATION OF REALTORS®, would impose a deadline of 45 days on lenders to respond to short sale requests.

The legislation, the “Prompt Decision for Qualification for Short Sale Act of 2011,” was offered in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.). “The current short sale process can be time-consuming and inefficient, and many would-be buyers end up walking away from a sale that could have saved a home owner from foreclosure,” said NAR President Ron Phipps.

“REALTORS® and consumers continue to raise issues about delays in the short sale process, because lenders are unable to decide whether to approve a short sale. After many months of delays, and with no response from lenders, potential buyers are losing patience and cancelling their contracts, often resulting in the property entering foreclosure. A short sale minimizes the negative impact on sellers and generally costs the lender less than a foreclosure,” said Phipps.

NAR has been actively pushing the lending industry to improve the process for approving short sales, which represent about 13 percent of recent home sales according to NAR data. Phipps praised Reps. Rooney and Andrews for their efforts on the bill and urged Congress to pass the bill quickly.

“As the leading advocate for home ownership and housing issues,
REALTORS® want to help more home owners avoid foreclosure by facilitating a short sale when a family is absolutely unable to keep their home; however, that can only happen if lenders and servicers approve short sale offers in a reasonable amount of time,” said Phipps. “Streamlining short sales transactions will reduce the amount of time it takes to sell the property, improve the likelihood that the transaction will close and reduce the overall number of foreclosures. This benefits sellers, lenders, buyers, and the entire community.”

— NAR

Fannie Offers Closing Cost Help for REOs

Daily Real Estate News | April 13, 2011

Fannie Offers Closing Cost Help for REOs 

Fannie Mae is trying to lure more buyers to its foreclosure properties by offering to cover 3.5 percent in closing costs for home owners who close by June 30 on its HomePath properties.

Fannie’s HomePath program provides low down payment financing on REO property sales and has no requirements for mortgage insurance or appraisals.

During the fourth quarter of last year, Fannie offered closing cost assistance and was able to recoup 55 percent of unpaid principal balance on defaulted mortgages through the sales.

Source: “To Move REO, Fannie Offers Deals to Consumers,” National Mortgage News (April 12, 2011)

FSBOs Vanish, Sellers Turn to Real Estate Pros

Daily Real Estate News | February 15, 2011

FSBOs Vanish, Sellers Turn to Real Estate Pros 

For-sale-by-owners are rare nowadays. In fact, the number of FSBOs dropped to record lows over the past year.

Unrepresented sellers make up just 11 percent of the market, down from 13 percent in 2009, according to the 2010 National Association of REALTORS® Profile of Home Buyers and Sellers.

With today’s more complex transactions--such as with short sales and foreclosures and frequent changes in mortgage lending--more sellers are finding comfort in the help of real estate professionals to guide them through the process.

FSBOs once were lured to try to sell themselves because they thought they could save on commission fees, but now sellers are realizing that if they don’t use an agent, it’ll likely cost them more in the long run, experts say.

"Selling by owner does not guarantee the seller will put 5 [percent] to 6 percent more in his or her pocket in trade for doing all the work and taking on potentially costly liabilities,” Margaret Woda, associate broker with Long & Foster in Crofton, Md., told The Washington Times. “On the contrary, prospective FSBO buyers have their eyes on that 5 percent to 6 percent as well. It's more likely the buyer will win this negotiation in a buyer's market with a huge price reduction--probably even larger than the saved commission."

Some FSBO sellers also often make the mistake of listing their home at a higher price than the market warrants. But even if they do find a buyer for that price, unless it’s a cash purchase, the home has to be appraised and many deals can then fall apart.

Source: “Fewer Sellers Going Do-it-Yourself Route,” The Washington Times (Feb. 11, 2011)

I really see this a lot in my market. For-Sale-By-Owner houses are pretty much nonexistent. It's true that there are a lot of factors going into deals nowadays and there are plenty of ways things can go wrong. As an agent, I deal with these factors on a daily basis, so I can easily deal with things and diffuse certain situations. Know someone looking to sell their home? Now is an ideal time to get it on the market to beat the spring rush. Have them contact me today at 708-307-9616 or sales@ashleywydra.com. 

Ashley

Landing Mortgage More Stressful Than Finding a Job?

Daily Real Estate News | February 9, 2011

Landing Mortgage More Stressful Than Finding a Job? 

Getting a mortgage in today’s lending market isn’t easy and can be a complicated, stressful process for borrowers, according to findings from a national survey by MortgageMatch.com of 1,000 adults.

About 70 percent of Americans say access to affordable mortgages is a serious problem, and that understanding the mortgage process and lenders’ requirements is even more difficult and stressful than getting the mortgage itself or even negotiating the sale price on the home.

Nearly 80 percent of recent home buyers, particularly those earning $50,000 a year or more, say getting a mortgage was much more difficult than they had expected. And nearly a quarter of home buyers said waiting to hear if they were approved for a mortgage was even more stressful than waiting to hear if they landed a job.

Among the survey’s other findings:

• 10.8 percent report their lender gave them a higher interest rate than what they were originally quoted.
• 22.9 percent said applying for a mortgage was challenging because documentation requirements from their lender kept changing.
• 21.6 percent of borrowers said their lender used too much technical jargon.

"Over the past few years, a lot of buyers have had a hard time not only getting a loan but getting through the process," says Sue Stewart, senior vice president at Move Inc., which is the operator of MortgageMatch.com. "This survey is a wake-up call and clearly points to the fact that borrowers want a process that's easy to understand and follow. They don't want surprises and they want to be able to depend on their mortgage lender. For most people, the home buying process isn't about the mortgage -- it's about getting a home."

Source: “Survey Shows Access to Mortgages Seen as a Serious National Problem,” PRNewswire (Feb. 8, 2011)

It's super important that you work with a lender that you can trust and who takes the time to help you understand the process. Email me or call me and I would be happy to give you the contact info for my mortgage professional whom I work with all the time! sales@ashleywydra.com 708-307-9616

- Ashley