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John
Bratmon
President/Broker
Towne
Financial Corp.
7975
Leary Way
Redmond,
WA 98052
425.885.1430
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To
contact me, to assist you with your mortgage needs, Click
Here
To
find out what your real property may be worth in the current market, Click
Here
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| U.S.
Treasury Bonds |
| Maturity |
Yield |
Last
Week |
Last
Month |
| 5
Year |
4.36 |
4.43 |
4.54 |
| 10
Year |
4.45 |
4.51 |
4.60 |
| 30
Year |
4.65 |
4.71 |
4.79 |
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Treasury
Market Summary:
The Fed voted
unanimously to raise the federal funds policy rate for
a 13th consecutive FOMC meeting Tuesday. The
'measured' pace of 25 bp leaves a 4.25% overnight
federal funds rate target and a 5.25% discount rate.
The market was watching for changes in the policy
statement and that's what it got but without much
clarity on the extent of the tightening ahead.
The change in the
policy wording was the removal of the phrasing that
policy was 'accommodative'. The 4.25% policy
rate demanded the change as it has at least entered
the range of policy rate 'neutrality' (or at least as
we define it below). The statement retained the
signal for future tightening by noting that 'some
further measured policy firming is likely to be needed'
in order to keep economic and inflation risks roughly
in balance. |
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Economic
Indicators for this week that could impact the
mortgage or real estate markets include...
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Number
One Selling Tip - The Multiple Listing Service
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You
are not hiring a Realtor to put a sign on the
lawn, an ad in the paper, and hold an open
house. You can do this yourself. You are
hiring a Realtor to provide you with maximum
exposure to the greatest number of qualified
buyers for your home.
Supply and Demand
You've heard of supply and demand? The
more potential buyers at your supply, the
higher a price you can demand.
The absolute number one tip I can give you to
help you get the most money possible for your
home is this: make sure you get full Multiple
Listing Service (MLS) coverage.
Don't look at any offers until you are sure
your home is on the MLS computer.
Don't look at any offers until you are sure
your home is on the MLS computer. An army of
Realtors at your disposal can't be beat.
Dump any Realtor that tries to tell you to put
your house on exclusive (only his/her company)
or wants you to negotiate offers before it
gets on MLS.
Dump any Realtor that wants to list your house
on a Friday and have a public open house the
following Sunday. There is not enough time to
get your home on the system.
I do not care how good a Realtor’s marketing
plan is, it is worthless compared to the value
of having your home on the MLS system. Think
of it this way. Realtor = home on MLS = most
Realtors = most buyers = most money.
Is the first offer the best offer?
There is a saying in real estate. The first
offer is usually the best one. This is only
true, if everyone knows it's for sale.
Real estate surveys in my area showed the
owner lost an average of $2000 when their
house was sold by the same office or Realtor
who listed their home. The reason...the offer
was written before any one else knew it was
for sale.
MLS Comes First
Ask any realtor you are contemplating dealing
with, what the order of their marketing plan
is. If submitting to the Multiple Listing
Service is not the first thing they are going
to do, look for another realtor.
If you took away every selling tool, but one,
choose the MLS service. This is not a
commercial for MLS. It is just the best weapon
Realtors and the public have for getting
maximum exposure on property.
MLS is a strong selling tool,...use it... It
will make a difference on your bottom line.
The purpose of
this newsletter is to stimulate thought for my
clients and those professionals with whom I
network. If you are a real estate,
estate planning, taxation, financial planning
or insurance professional receiving this
newsletter, please call my office and
introduce yourself to me. I'm always
seeking to grow my referral network, and to
expose more service professionals to my client
base. I specialize in helping those
individuals looking to buy, sell or refinance
real property in the Pacific Northwest Area. |
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| By The Way:
Most Lenders spend the majority of their time
prospecting for new clients (through ads, cold calling, flyers, etc.).
That's not they way I do things. My business is based almost
exclusively by referrals from my Preferred Partners (Real Estate and
Professional Consultants), and my current & past clients. Because of
this, I devote the majority of my time to serving the needs of my clients
before, during and after their transaction. As long as they keep
referring their friends, neighbors, family members & clients to me, I
don't have to spend my time prospecting for clients, which means I can
spend my time doing an even better job for them. If you know someone who'd appreciate the services I provide, please
call me with their name & phone number, and I'll be happy to follow up
with them.
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