Just the facts..

Not politics, just the facts.

Well by now, everyone has figured out that the “Tax Deal” cut by both parties in Washington DC, hurt the middle class worst of all. You see, by eliminating the PMI deduction on an individual’s taxes it only affected the middle and lower income segment of the population.  Then we added one basis point to the loans, equaling about seventeen dollars a month on the average mortgage. Keep in mind PMI only comes into play on homes under the FHA guidelines in most cases, making it a tax on the one’s that can least afford it.

The deal was struck to extend a pay roll tax cut till February 2012, that’s right February 2012! Meaning the tax cut will eventually go away, but the “DEAL” never will. The deduction and the increase in fees are here to stay in perpetuity.  Both parties needed a way to get into the homeowners pocket and hiding it in a payroll deal seemed like a winner.  

The homeowner is under assault by banks and politicians alike, make no mistake they view the homeowner as their next source of revenue.

We have already had to fight to keep home purchases tax free and every year local taxing authorities seek to overvalue more and more properties in order to move agendas forward.

Bank of America has ceased refinancing  their own mortgages. One of the main reasons is the government won’t insure a refi now, so they don’t want to touch the best loans they have in their portfolio, who are current and on time. They were made whole by billions in Tax payer dollars and yet refuse to lend money to the best credit risk clients they have. Whatever happened to good ole banking?

Some of the larger banks have established their own “appraisal pools” under the new lending guidelines and consistently under value appraisals by having “extreme” appraisal guidelines in place to place a value on the property. In effect, stealing from the home owner.

How do you fight back?

*Well for starters, remember your real estate agent is on your side and wants to preserve your home ownerships rights and privileges.

*Independent lenders are also on your side as well as most insurance agents.

*Also, this may surprise you, but appraisers are on your side. That’s right the independent appraiser is on your side. They don’t like requirements placed by the big lenders being inserted into the guidelines, they are professionals and, most know how to do their jobs.

Notice who is not on this list? That’s right, politicians or large bailed out banks! While some, like            Citi Bank are getting out and doing a great job of adapting, most are no longer a viable option when it comes to lending. Banking is taking a step back in time, to a time when you know your banker and he knows you and I think it’s a great thing. As far as politicians, well that’s your choice, but I want one who protects my largest investment, not one that taxes it. But, you make that call, after all it’s your home

Do you work for yourself or not?

Everyone thinks they have a business of their own when they go into real estate. However very few actually do and they become comfortable in employee type relationships that hold them back and impede their growth both personally and professionally.  In most cases they have one, or most of the following going against their growth.

·         Competing broker that has the ability to control the leads or calls that come into the office.

·         No training to develop their own leads or business.

·         No freedom to adjust commission to accommodate the “deal.”

·         A resistant attitude towards new thinking.

·         A franchise that has lost ground in the market for years.

·         A franchise that is billions in debt.

·         Not being able to brand yourself. Everything revolves around the franchise name and not yours.

·         High office fees.

·         High office splits.

·         No 100% commission no matter how much you produce.

·         No cap on royalty.

·         No website just for you.

·         No profit share or open books.

·         Watch your broker and his family grows their business while yours shrinks.

·         Pay transaction fees and cancellation fees.

·         Have no voice in how the office is run.

I wonder everyday why any agent would settle for any of the above when they have an option.

Do you want to make more money?

Do you want an office and franchise that is growing?

Do you want training?

Do you want to have more freedom?

Then Give us a call!

First show was a hit......

The first radio show aired today and the public loved it. People commenting on just how spot on we were when talking about the need for great real estate service. Had a couple of negatives from agents at one office and that is to be expected. Anytime you call for customers to receive the best possible service, someone is bound to feel guilty or defensive. In my experience the one who complains usually is the most guilty and in need of training. The firm was never mentioned and they sell in an area with at least 9 other firms and yet they get defensive. “I REST MY CASE!” Keller Williams in Tyler is bringing a new grade of great service to east Texas because the great people of east Texas deserve it.

There is a train coming and it doesn’t matter if you’re on the train or on the tracks, it’s still coming and the train is called KELLER WILLIAMS!

Let’s talk real estate will always be about customer service and doing better, so thanks to all that listened and tune in every Saturday from 9:30 till 10:30 am on 99.3 Talk FM for more of great real estate advice and help.

http://www.realestatewithterry.com/

Lets talk Real Estate

About Terry Miller

Having spent 25 years building successful businesses from Texas to Indiana, Terry Miller turned his attention to the Real Estate business toward the end of 2005. Having been a top performer in other business ventures throughout his life, he began to apply principles of customer service and business learned from real life experience. In 2006, Terry was named Keller Williams Rookie of the Year for the South Texas region and was named the # 2 listing team that same year. The following 2 years Terry and his team ascended to the #1 position in the region and enjoyed unprecedented growth. During this time Terry developed a real passion for training and coaching new real estate agents that demonstrated a talent for the business. After building a management team that covered every aspect of the real estate business in today’s rapidly shifting market, Terry founded a company dedicated to the development of this new and much needed talent called “Now What!”

Realizing that training and education was more important than ever in the increasingly changing world of real estate and with the encouragement from both his wife and Mark Willis, the CEO of Keller Williams international, Terry began to launch what has proved to be a rewarding future in the leadership ranks of Keller Williams. After being offered several positions around the country, he and his wife Denise agreed that the Tyler Texas area would be a great fit for their family’s future.

Upon arriving in Tyler, Terry and Denise were overwhelmed by the acceptance and warmth they received from the agents in the office as well as the entire East Texas community.

Bringing enthusiasm and training to Tyler area agents would be the beginning of many great relationships! Since 2009 KW Tyler has grown almost 100% and now captures close to 40% of the area’s market share with over 100 agents and counting. It is by far the largest office between Dallas and Atlanta off I-20.

The agents with Keller Williams Tyler believe in providing the best possible experience to the selling and buying public in all of East Texas. We look forward to meeting you and adding another valued member to the Keller Williams family!