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Feb - 27 | | no comments. | Uncategorized

Macroeconomics sense of balance and Innovative Business economics Macroeconomics Balance and Modern day Economics The macroeconomics theory attempts to web page link job, money supply, govt insurance plan, cash give, and business enterprise periods. These issues appeared following Keynes criticized the whole presumption way of thinking and unveiled innovative macroeconomics. The optimum to delightful the thought of macroeconomics surfaced following good Depression that occurred in 1930s. The objective of macroeconomics could be to location concerns concerning small business periods in increasing economies in addition to wish to cultivate the economies that can be establishing in the opposite direction. This report looks at the position that macroeconomics level has nowadays in this financial state. Macroeconomics study emphasizes on averages and aggregates of the whole entire economy. It takes care of during the economic way of thinking, which is designed to learn an economic situation completely in its totality. In the event of microeconomics, it is meant to learn person instruments of economics, including a agency, a residential, as well as over-all business. Having said that, macroeconomics research studies whole entire business economics methods, together with whole cost savings, nationwide revenue, financial commitment, comprehensive demand from customers, entire a job, comprehensive offer, and also the over-all level of prices. These averages and aggregates associated with the economic system are analyzed fully to aid in figuring out the reason why those to go up and down. The aim of this research will be to accomplish in understanding the good reasons that lead to fluctuations and make certain that top degrees of earnings and recruitment from a land are understood.

Two-Story Farmhouse and much more on 128.8 Acres

A Chore Next Door

Aug - 23 | | no comments. | Newsletter

  While not a common problem, if you’ve got it, it can have a terrible impact on your listing: The Messy Neighbor. If you live next door to a “neglected” property, you might lose up to 20% of your  home’s market value, particularly with buyers looking for any excuse to reduce their offer.

It’s technically not your problem, but ask not for whom the bell tolls. It’s well worth your time and effort to resolve this situation amicably. Always be respectful, and don’t let your emotions get the best of you.

Unless you believe your neighbor is “unhinged,” you should begin with a visit to their home and a positive attitude – no name-calling or finger-pointing. Don’t grab everyone on the lock and gang up on your neighbor – you’ll get better results if you go alone or with one other person.

If you find your messy neighbor is unwilling to take care of their maintenance, it may still be in your best interest to do the work yourself or with the help of other neighbors. No, it’s not fair, but if you want a fair sales price, this may be your only option.

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

Get the Credit You Deserve

Aug - 16 | | no comments. | Newsletter

  Mortgage applications are being reviewed far more thoroughly now than in the past, and your credit score should be 680 or higher to qualify for the best interest rates. So how do you determine your score, and know you’re getting the credit you deserve?

Everyone is allowed one free credit report per year form the three reporting agencies (Experian, Equifax and TransUnion). Review the reports for accuracy and act quickly to correct any errors or omissions.

Approximately 35% of your credit score is based up the timeliness of your payments. Make sure that no late payments older than seven years are still on your report. If you have paid off loans or credit cards, a zero balance should appear on those accounts. Sometimes, agencies don’t properly update those balances after settlement.

Approximately 15% of your credit score is based on the length of your credit history, so make sure that the opening dates of all your accounts are accurate. Also make sure that the limits on your credit cards are correct, and keep the balances under 50% of those limits. Total debt accounts for 30% of your credit score.

Finally, think twice about closing credit card accounts with zero balances, because this negatively reduces our ratio of “available credit” to your debt. First, get the facts. Then, make corrections. Finally, apply for home financing with confidence!

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

 

 

 

 

 

The Strongest Link

Aug - 09 | | no comments. | Newsletter

  The question on everyone’s lips is, “When are things going to return to normal in real estate?” Well, if the “normal” being referred to is the conditions and shady financial dealings that created the artificially inflated markets of five years ago, then we need to be thinking about redefining “normal.”

The bad lending practices of the past are indeed making it more difficult now to secure financing, but try to understand that’s not necessarily a bad thing. Those days of lower standards and easy money led us into this predicament in the first place. It’s good for housing and for the economy when banks become interested in whether loans will be repaid.

In the “new” normal, home prices will stabilize, the number of sales will start gaining, and more people will again realize the benefits that home ownership offers, for both personal and financial security. With historically low interest rates, affordable prices, government incentives, and motivated sellers, the housing market is already experiencing the initial signs of recovery.

All of these factors combine to get first-time buyers excited about a purchase. As these consumers enter the market, they will trigger other purchases, and the chain of transactions grows. Expect your real estate representative to reveal a wide range of affordable choices and guide you toward securing the financing you need to make your dream come true.

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

 

 

 

 

 

When Push Comes to Shove

Aug - 01 | | no comments. | Newsletter

Number crunching time!

If you’re under pressure to sell your home quickly in a challenging market, you may have to swallow a large dose of reality and take some radical steps to increase your home’s visibility. While making concessions can seem difficult, please consider the following proven suggestions to produce a quick sale.

Remember that there are myriad possibilities for exposure in today’s internet-driven society. In addition to your agent’s traditional print and online marketing tools, use social networking sites like Facebook and Twitter to promote your listing to younger first-time buyers.

When setting your price, place it ten to fifteen percent below your competition. All other things equal, your home will readily appear as the best value.

Also consider the price “range” your home will fall into, and make sure you’re on the lower end of that range. For example, a $199,000 home falls into the upper end of the $150,000 to $200,00 range, but that same home priced at $201,000 is the lower end of the $200,000 to $250,000 range. Buyers tend to look in ranges of prices, so again, make yours look like the best value.

Finally, talk with your agent about incentives you can offer, like paying buyer closing costs or a decorating allowance. If you have a strong need to sell quickly, any or all of these suggestions should product results.

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

 

 

 

 

 

Open House at 398 Belshazzer Road, Brookville, PA

Aug - 01 | | no comments. | Open Houses

 

 

 

 

 

 

Date: August 4, 2012

Time: 1:00-3:00 pm

Host: Ken Fisher

See all the listing details here.

3-Bedroom Cape Cod on large lot

Seller assist available

398 Belshazzer Road, Brookville, PA

(just outside of Coolspring)

A First Time for Everything

Jul - 26 | | no comments. | Newsletter

  An article appeared recently in the New York Times that beautifully illustrates the opportunities today’s real estate market offers. A mother working two jobs saved up for a down payment and managed to buy a large home with a pool for $187,000. Three years ago, that same house had sold for $370,000!

While sellers are still feeling pressure, buyers with stable incomes and good credit histories are beginning to spread a “feel good” vibe throughout the industry. Conditions have literally never been better for first-time buyers. Affordability has seldom been higher and interest rates have hardly been lower. Selection of inventory is vast, and sellers are highly motivated.

As more buyers enter the marketplace, the ripple effect will be felt far and wide. When they purchase a highly affordable foreclosure or “short sale,” they have removed a distressed property from the listings, improving values for other homes in the area.  When they buy a “traditional” listing, that in turn sets off a chain reaction whereby sellers in turn will purchase another home, from sellers who will in turn buy another home, and so on and so on.

You probably get the picture now. As we approach some stability in real estate, all indications are that prices will begin rising again. As the market approaches recovery, don’t miss your opportunity for the buy of a lifetime.

~~~~~~~

Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

Harder Than It Looks

Jul - 19 | | no comments. | Newsletter

  With markets so rapidly changing, it’s easy to imagine how property appraisers might sit in a darkened room, waving their hands over a crystal ball, and producing the mysterious and all-powerful document of a home’s value. Let’s dispel the notion of magical figures and look more carefully at the process.

When comparing against similar properties, it’s not just the final price that counts. Appraisers also factor in any “incentives” offered, such as sellers who pay closing costs or remodeling allowances.

Perhaps the most important factor that lenders review in an appraisal is the closing dates or the “comparable” (other homes by which yours is measured). Unfortunately, with today’s stricter lending requirements, most “comps” must have sold within the last 60 or even 45 days to carry weight. Markets change so quickly that any sale price over two month’s old may be completely irrelevant.

Now a few words about how foreclosures in a neighborhood affect determination of value. Technically, appraisers shouldn’t consider them, because they don’t fit the Appraisal Institute’s definition of “a property reasonably exposed in a competitive market.” However, if several area homes have been abandoned, we know the negative effect that can have on a home’s “perceived” value.

If you’re planning to sell, express your concerns about the appraisal process to your representative, who will offer explanations and suggestions for improving your report’s results.

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

Dollars VS. Days

Jul - 13 | | no comments. | Newsletter

  After you’ve taken step one to decide to sell your home, step two is usually setting your asking price, striving for a balance between generating offers and receiving top dollar.

Your chosen representative will perform a Competitive Market Analysis (CMA) to produce an estimate of your home’s “fair market value,” or that price that educated buyers will pay based on listings and sales of homes similar to yours. The agent will not establish the price, but only provide the information you need to make that decision yourself.

In a hot market, you have the advantage, but would still want to avoid overpricing, which is always unproductive. However, in a neutral or buyer’s market, you’ll have to be particularly cautious in your approach to setting a price.

In soft markets, price reductions become more common, as well as fewer offers and loner listing periods. You have to first establish your priority: is it more important for you to sell quickly or to get the most money possible? Like it or not, one option simply must be more critical than the other.

Have a third party, like your agent, help you see your home as a commodity, with positive and negative selling points. Price your home objectively and competitively, be prepared to negotiate to reach an agreement with buyers, and exercise patience as you prepare your move.

 

 

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

Protect Your Home and Your Wallet

Jul - 05 | | no comments. | Newsletter

  If you own or plan to purchase a home, then you know that insurance is not just a luxury, it’s a requirement. While you should not skimp on certain coverage items, there are some steps you can take to reduce your overall premium.

If you have a security system installed (and operating!), you might lower your premium by 5% or more. You’ll just need to provide your insurer with a copy of your contract or latest statement. Also, while newer homes have smoke alarms already installed, hooking them up in an older home might also reduce your premium by as much as 10%.

Just like health or auto insurance, if you increase your deductible on homeowners insurance, you’ll reduce your premium. Just be sure you’re prepared to pocket smaller repairs like broken windows or damages from leaks.

If your policy is held by a company that also offers auto or health insurance, look into discounts for multiple policies. You could save a percentage on both your homeowners and auto policies, for example.

Another money (and time and stress) saver is to document everything in your home with a photographic inventory. Store photos, CDs or videos in a fireproof box or, preferably, a safe deposit box. This will reduce the time and effort required to complete a claim, and guarantee an accurate replacement payment.

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

Myth Busting

Jun - 28 | | no comments. | Newsletter

  When a homeowner faces default on their mortgage, there may be two options: foreclosure or short sale. Foreclosure can be devastating, both emotionally and financially. A short sale, or one in which the lender accepts a selling price less than the amount owed, is a better option for both the lender and the homeowner.

Regrettably, nearly seven out of ten homeowners proceed through foreclosure without ever listing their home for sale. This is due largely to perceived myths about the process, and we need to put a few of these misconceptions to rest.

First, homeowners assume the bank would rather foreclose than accept a short sale. Not true  – foreclosure is often more costly for the lender, and short sales often sell for more than foreclosed listings.  The banks are trying anything possible, within reason, to avoid the foreclosure process.

Next, homeowners  believe there is a stigma attached to short sale listings, and that buyers have no interest in such properties.  Not true  – onthe contrary, many smart buyers are specifically seeking out such offerings for the value they present compared to traditional listings.

Finally, homeowners often assume that there’s not enough time to close a short sale before foreclosure is final.  Not true – foreclosure is a lengthy process and there is time to negotiate a better result, but you need to start today.

 

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

Little Steps Up to the Leap

Jun - 20 | | no comments. | Newsletter

As you’ve already been here, conditions are ripe to become a homeowner, and it’s time to determine if you’re ready to make the leap. While the price of the home is the largest factor, don’t forget about loan fees and closing costs, which add to your total financed amount.

Since banks are stricter in their lending, Step One is to polish up your credit report. A higher score gives you more power when it comes to negotiating terms and interest rates.

Similarly, a larger down payment will positively affect your mortgage terms and reduce the amount you have to finance. If you can’t manage 20% down, you will likely have to pay a monthly mortgage insurance premium.

Upon preapproval from a lender, you’ll know how much loan you qualify for, and how much is required for the down payment. It’s best to secure preapproval before you begin looking for homes, especially since sellers will see your offer as a solid one worthy of consideration.

In addition to newer fees being assessed on loans to less than stellar applicants, there are standard closing costs associated with the purchase, including appraisals, legal fees, credit reports and more. All are included up front on your settlement statement and some may be negotiable. Contact an agent today to get the ball rolling and find out how much home you can afford.

 

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

 

 

 

 

Open House at 207 Maryland Avenue, Punxsutawney, PA

Jun - 12 | | no comments. | Open Houses

Date: June 16, 2012

Time: 1:00-3:00 pm

Host: Edy Doverspike

See all the listing details here.

Custom built 6 bedroom ranch home with 3 car attached garage on a 100′ x 150′ lot.

A MUST SEE PROPERTY!

Investment Training Camp

Jun - 11 | | no comments. | Newsletter

Investment Training Camp

If you hear the whispers below the din of panic, you know that the recent financial and housing collapses have actually created some amazing opportunities for smart investors. Low interest rates and depressed property values have combined in an environment favorable for long-term gains.

It may not be for everyone, but if you’re in the right financial position, you have plenty of options. However, there is a right way and a wrong way to invest, and it’s the wrong way that led so many to suffer in the recent housing crisis.

Don’t think about investing in real estate until you’ve saved up for your next egg and have held or reduces your expenses to keep it growing.Your money doesn’t work for you unless it’s your  money.

Similarly, don’t begin your investment adventure until you’ve polished up your credit score. The best opportunities  go to those with upfront cash and excellent credit. Maximize your borrowed capital by making sure you get the lowest interest rates and best terms.

It then follows that you should not over-borrow. Real estate markets are continually cycling up and down. Learn the lessons of the recent debacle, and don’t over-leverage yourself to the point you can’t survive a down period in the cycle. If you’re smart about it, you won’t get rich quick, but you will get rich right!

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Don Powell
Owner/Broker
Powell & Associates Real Estate, LLC
(814) 938-3031

Do you have questions about anything related to real estate? We’d love to help you. Please don’t hesitate to contact us by any of the following:

Powell & Associates Real Estate, LLC
200 East Mahoning Street
Punxsutawney, PA 15767
phone: (814) 938-3031
email: info@powellrealestateonline.com
web: www.powellrealestateonline.com

 

 

 

 

Open House at 221 Elk Street, Punxsutawney, PA

May - 24 | | no comments. | Open Houses, Uncategorized

221 Elk Street, Punxsutawney, PA

Date: June 3, 2012

Time: 2:00 pm -4:00 pm

Host: Charlie Rumpf

See the full details of this property listing here.

Open House at 189 Franklin Avenue, Brookville, PA

Mar - 26 | | no comments. | Open Houses

Street View

Mike and Jolynn Cook invite you to tour their home.

Dates: Saturday, March 31, 2012, and Sunday April 1, 2012

Times: 2:00 pm – 4:00 pm on both days

Hosts:  Jolynn Cook on Saturday, and Don Powell on Sunday

See the full details of this property listing here.

Open House for 19693 Route 119 Hwy N, Punxsutawney, PA

Mar - 02 | | no comments. | Open Houses

Date:  Thursday, March 8, 2012

Time:  12:00 Noon – 1:00 PM

Host:  Don Powell

View the details for this listing here.

Open House for King Road, Mayport, PA

Mar - 02 | | no comments. | Open Houses

Date:  Saunday, March 4, 2012

Time:  2:00PM – 4:00 PM

Host:  Don Powell

View the details for this listing here.

Open House for 504 Myrtle Avenue, Punxsutawney, PA

Mar - 02 | | no comments. | Open Houses

Date:  Saturday, March 3, 2012

Time:  3:00PM – 4:00 PM

Host:  Ken Fisher

View the details for this listing here.

Open House for 97 Owens Road, Punxsutawney, PA

Mar - 02 | | no comments. | Open Houses

Date:  Saturday, March 3, 2012

Time:  1:00PM – 2:00 PM

Host:  Ken Fisher

View the details for this listing here.

Open House for 405 Greenwood Avenue, Punxsutawney, PA

Mar - 02 | | no comments. | Open Houses

405 Greenwood Avenue, Punxsutawney, PA

Date:  Saturday, March 3, 2012

Time:  11:00AM – 12:00 Noon

Host:  Ken Fisher

View the details for this listing here.

Powell Wants To Help You Sell Your Home

Sep - 25 | | no comments. | Uncategorized

We’re selling houses!

Working with your needs, the professionals at Powell and Associates will take everything step by step to ensure the outcome fits your specific needs. We will show you what it takes to get your house sold and closed successfully.

Giving you the security of knowledge…

Powell and Associates can help determine the best asking price, based on a market study, pricing grid, and competitive market analysis. These are all tools that will help you make a knowledgeable decision. We have the ability to attract local and out-of-town buyers. We can even expose your property nationally. Powell and Associates is an independent member of the National Association of Realtors. As an independent agency we can get referrals from all of the major franchises as well as each independent agency.

We provide comfort of protection…

We can make your home more attractive to potential buyers by protecting it with a warranty. You know the working components are in good condition, but the AON Buyers Protection Plan also lets the buyer know. When you agree to provide this coverage, we can also provide you with similar coverage, for up to 6 months while you are selling your home.