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Blog by Doug Ingersoll

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Home Sales Need Jobs

September 30th, 2010
Please join me next Wednesday, October 6th for the Aviano monthly real estate discussion. 6:30 PM at the Aviano community center. Free, casual, really comfortable chairs and solid discussion about this wacky thing we call real estate. See you there.

I had the opportunity to call a bunch of my peers yesterday and got very similar voicemail headers from a couple. "I'm not able to answer the ph ...
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Lease Listing in Aviano

September 29th, 2010
Floorplan
Map
The bank owned San Benito model at 3997 East Robin Lane just closed for $396K or $130 for each of the 3053 sq ft. As the homes get smaller in sq ft the sold price per sq ft creeps up. This is a standard San Benito that has been empty for a long time. It is on a cul de sac and backs to a cul de sac but does side to 40th St. Sold by Toll on 4.27.06 for $506K. 3 bedrooms, 2.5 baths ...
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Sales in Aviano

September 28th, 2010
Floorplan
Map
A new lease listing in the Villages at Aviano. One of the 4 most desirable floorplans in the Villages, a Lucca model in building 14 is available for $1775 a month. 1795 sq ft, 2 bedrooms, 2 baths and faces north - away from the afternoon sun. Easy access to 40th St. A great floorplan simply because all living area is on one floor. Laundry as well. Master bedroom has a separate d ...
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Aviano Referrals

September 27th, 2010
Please join me for the Aviano monthly real estate meeting. Free ranging discussion will comprise most of the get together. Promise my insurance agent that I would not spend too much time on negative market news and all sharp edges and objects would be removed from the room. Free and informative. 6:30 PM on October 6th at the community center.
If you need something done around the house pleas ...
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American Manifest Destiny / A Venado goes Pending

September 26th, 2010
A neighbor sent me this great article on short sales from the Washington Post. One paragraph has a great nugget which impacts many in Aviano:
"In some areas of the country, including the Washington region, lenders can later pursue borrowers for the difference between the proceeds collected from the short sale and the amount owed on the mortgage, also called a deficiency. But lenders say they ...
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Aviano and Villages Closings

September 25th, 2010
The Terraza at 3740 East Maffeo Road was sold to a 3rd party at the trustee sale on 9.23.10 for $520,001. This home was under contract around three days after going on the market as a short sale not very long ago. Who knows what happened but it is now back on the market for $595K as a normal sale. Lets hope they get every penny of asking price. Lot location is great in relation to the communi ...
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Loan Modifications

September 24th, 2010
I was watching a YouTube video by a mortgage lender by the name of Kevin Hardin yesterday. He was on a rant about how loan modifications are a scam. 4 million distressed homes currently and 200K loan mods have been done under under "HAMP". You will have to Google that to get the full name as I quit paying attention to the acronyms the government spits out as all of them do the opposite of wha ...
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Shadow Inventory

September 22nd, 2010
I am sure you have heard the term "shadow inventory" recently. I have seen articles similar to this but none as good at defining the terms and quantifying the end result as this one sent to me by a friend. Read it here. In terms of Aviano the demand is strong enough to prevent a significant exposure to another 10-15 value reduction; but, there will be hardly any price appreciation for a long ...
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Leased, Closed and New Listings in Aviano

September 21st, 2010
Proper pricing sells homes. There is no secret marketing or way to expose the listing to a wider audience than MLS. There are, however, segments of our society that are drawn into claims of secret marketing strategies. Don't be that segment.

A good friend sent this article talking about resale fees that new home developers are putting onto their homes. Catherine Reagor had ana article recent ...
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Aviano Villages Amici Model Closes

September 18th, 2010
Floorplan
Map
The short sale Amici model in the Villages, unit 1036 just closed for $212K or $153 a sq ft. Amici models are the only one of the nine models that is all on one floor. No steps. There are 3 units of this kind in each building and they have 2 bedrooms, 2 baths and a 2 car tandem garage. Great location by the kids play area, right across Rough Rider from the community center and i ...
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