Here’s a blast from the past…
When I went to Cal Poly in the late 70’s – early 80’s, I worked at the campus radio station (KCPR) from 79-81. I was a DJ and also on the Executive Staff. One of the old DJs is putting a website together with things from the past (http://www.kcpralumni.org/).
Here’s a couple links to some photos. You should recognize Weird Al in one set. If you watch Bay Area TV news, you should also recognize Brian Hackney.
Color Printer Tracking
A bit off topic but I thought this was interesting. It appears that when you print something on a color printer, it also prints an identification code which when deciphered is your printers serial number and date printed. It’s in yellow and you supposedly need blue light and a magnify glass to see it. It’s reportedly done so authorities can trace counterfeit money.
Fresh Choice closes in SLO
One of the last salad bar restaurants in the county closed last Sunday. Fresh Choice has been closing Southern California restaurants to focus on the Bay Area market as part of their Chapter 11 restructuring. This leaves Sizzler in AG as one of the remaining salad bars that offers more than what you find at a Round Table. I hope that a good replacement goes in its’ place.
On a side note…a Chili’s restaurant may be coming to Arroyo Grande! My wife and I love Chili’s!!!!!! If you’re reading this from out of the area you may think “big deal” but we’re in an area where a Panda Express opens up, and the line is out the door for 3 straight months.
Don’t use old real estate contract forms!
I’m amazed to see the old California Association of Realtor (CAR) forms still being used. These are the ones where you hand write all the information and hope you can still read what was written on the 2nd and 3rd copies. CAR discontinued providing these forms years ago and went to an electronic forms service called Winforms. Now when CAR makes any changes to a form or adds a new form, Realtors have immediate access to the new form. There are CAR lawyers that constantly review these forms to help keep buyers and sellers out of court.
I’m not sure why the old forms are still being used. The only two reasons I can think of are:
1) the agent doesn’t want to have to go back to their computer to fill out a form and then get the client to sign it, so they just use the ones they can write everything in on, or
2) the broker has a supply of the old forms they already paid for so they don’t want to throw them away.
When you are in a transcation, INSIST on using the most updated forms! It may keep you out of court or arbitration.
The 69-unit housing project for Cal Poly faculty and staff is on schedule
These are the homes being built near the corner of Highland Dr. and Santa Rosa St. They expect occupancy in 2007 and the home prices starting in the $300K range.
Fixed mortgage rate chart since 1971
6 reasons your home isn’t selling
Here’s a link to an article on MSN describing possibilities why your home isn’t selling.
Summary of reasons:
1. Home is overpriced
2. Home doesn’t show well
3. You’re in a bad location
4. You have a lousy listing agent
5. You’re battling competition or market conditions
6. You have ineffective marketing
The latest issue of People magazine has an article about mortgage fraud that’s happening in some areas. The way it works is that someone comes in and buys a piece of property and then immediately (sometimes in the same day) will relist it and sell it to an accomplice for WAY more than it’s worth. They pay off an appraiser to justify the high price, get the loan, split the money, and bug out. The problem (apart from the mortgage company having a piece of property worth a fraction of what they loaned on it) is that the property taxes go up for the neighbors.
One way to avoid this is to check what sales have gone on around a home you plan to purchase. Use my home sold lookup report (available here) which will show all properties recorded at the County. If a real estate agent provides you a sold report, they will probably only give you ones that were reported to the MLS. These don’t include For Sale By Owners, Private Sales, Foreclosures, etc. If you see an excessive amount of sales that should raise a red flag and prompt you to ask some questions.
Do Listing Agents find Buyers or do other Realtors bring the Buyers??
A local Realtor (by mistake I believe) attached their marketing “plan of action” to an mass email sent to other agents. What was interesting that the plan weighed heavily on efforts to find the Buyer themselves (using their huge database of Buyers) and little to how they advertised the home other than putting up a yard sign and putting the home on the MLS.
I decided to do some reports to see how many homes were sold by the Listing Agent in 2005 to-date. Some homes are “exclusive listings” which means they don’t offer the home on the MLS for other agents to sell. I didn’t go through the reports to subtract the exclusive listings so the percentages below are probably much lower.
Homes sold in 2005 over $700K:
Pismo Beach- 18 of 77 homes sold by Listing Agent (23%)
Arroyo Grande – 15 of 124 homes (12%)
Nipomo – 10 of 58 homes (17%)
San Luis Obispo – 26 of 135 homes (19%)
Morro Bay – 8 of 44 homes (18%)
Paso Robles – 4 of 31 homes (13%)