Real Estate Information Archive


Displaying blog entries 1-10 of 12

Capturing some of Homearama 2008 sites.....

by Mike Parker
Submitted by Peter Zimmer:
Team Agent
Here are some pictures of my recent visit to Homearama 2008 in Mason, OH. If you're unfamiliar, it's a showcase of 10 pretty spectacular homes. I believe the average price is about $2 million. Sorry there aren't more pictures, but my camera's battery died!
How's this for a Man Cave! Yes, that is a walk-in humidor off to the right.
How's this for a Man Cave! Yes, that is a walk-in humidor off to the right.
Very detailed craftsmanship in this office. 5" hardwood planks with ceramic tile inlays!
Double tray ceiling with a chandelier. this was above an entryway.
Master bathroom fit for royalty!

6 Things You Need to Know About Foreclosures

by Mike Parker

This was originally posted by Ralph Roberts but we thought it was such great information, we just had to share it. 

If you or someone you know is currently facing foreclosure, you have options, including:

1.    You are not alone. Foreclosure knows no geographic, racial, ethnic, or socio-economic boundaries. We have seen real estate agents, attorneys, and others face foreclosure. Michael Jackson recently filed for bankruptcy. Foreclosure is much more prevalent than you think.

2.    Most people facing foreclosure have at least a dozen options. (Many people falsely believe that they have only two options – pay up or move out.) You can reinstate the loan, refinance (consolidate debt), list the home for sale with an agent, sell to an investor (if you have insufficient time to list the property), offer a deed in lieu of foreclosure, declare bankruptcy, negotiate forbearance or a mortgage modification, to name several of the most common options.

3.    Banks and other lending institutions do not want to foreclose. They make more money if you can make your payments. When they foreclose, they not only lose your monthly payments, but they also have the expense of foreclosing, rehabbing the home, and then selling it. In today’s market, there’s a good chance they’ll have to sell the home at a loss. This is all good news for you – it means the bank is highly motivated to make a deal with you.

4.    Given the current mortgage crisis and resulting foreclosure epidemic, the federal government, your state government, and consumer protection advocacy groups have put more pressure on mortgage lenders and provided them with additional resources to help homeowners in distress. In a way, people facing foreclosure now may be in a much better position to avoid it than they would have been, say five years ago.

5.    If you own the home with your spouse or life partner, tell them immediately. Far too many people try to keep their partner in the dark. Eventually, the person will find out. It’s always better if they find out from you earlier rather than from someone else when they have little or no time to do anything about it. Couples that work as a team almost always see much better results.

6.    Call your lender – the sooner, the better. As soon as you stop making payments, the foreclosure clock starts ticking. The earlier you know your options, the more time you have to pursue those options.

An Advertorial Presented by Frost Brown Todd LLC

Written by: Kyle R Grubbs

I'm interested in purchasing a parcel of Real Estate, but the property owner just filed for bankruptcy?  Can I still purchase the property?  Is there anything special I need to do?

Yes and Yes.  The Bankruptcy Code permits a debtor-in-possession to sell its real estate and other assets based on its reasonable business judgment.  As with other purchases of real estate, as a potential purchaser, you should conduct standard due diligence including title, survey, environmental, zoning, and building inspections prior to purchasing the property.  In fact, since there will be virtually no representations or warranties made by the seller, the purchaser's due diligence is even more important in the bankruptcy context.  In addition, because the property owner is in bankruptcy, additional precautions are warranted.

First, the sale of the real estate must be authorized by the bankruptcy court if the sale of the real estate is outside of the debtor's ordinary course of business.  In almost all cases, sales of real state will be outside of a debtor's ordinary course of business.  To ensure the debtor obtains prompt bankruptcy court approval of the sale, the purchase contract should require the debtor to immediately file a motion seeking the bankruptcy court's approval of the sale.

Second, the sale of the real estate should be free and clear of any interest or lien of the debtor's creditors.  Because the seller of the real estate is in bankruptcy, the property is likely encumbered by mortgages, mechanic's liens, judgment liens, and other encumbrances.  Unlike a typical real estate transaction, liens and other monetary encumbrances are not necessarily paid at closing.  To ensure your purchase is free from the claims of the debtor's creditors, the order authorizing the sale of real estate should provide, among other things, that the (a) sale is free and clear of all liens, claims, encumbrances, and interests and that any liens will attach to the sale proceeds only; (b) purchaser is a "good faith purchaser" under the Bankruptcy Code so that the validity of the sale is not affected by an appeal of the sale order; and (c) ten-day stay set forth in the Bankruptcy Code is waived and the sale order is effective immediately to avoid any post-closing challenges to the sale.  You should work closely with your title company to ensure that the sale order is sufficient in all respects for the title company to issue you a clean title policy at closing.

Google Search Using Your Cell Phone & Text Messaging!!!

by Mike Parker

This article was written by Sam Miller, Agent in Mt. Vernon, OH and one of Mike's friends.....try this is WAY COOL!!!!!

Have you ever needed a quick phone number and didn't want to take the time to boot up your computer and search Google and you wanted to avoid the high charge for directory assistance or 411 connect?   Have you ever wanted the phone numbers for the local movie theatres or pizza places near you and you don't have anything to write the numbers down on?  There is a quick and easy way to get the information you want within 60 seconds and most of you can get the information quick and cheap with your cell phone and your text message feature. 

Send a text message to this number:  466453 (I know this is a partial number but trust me it will work).  Now type in what you are searching for and for your example use the following as a test:  Plumber 43050 (of you can type in Plumber XXXX (enter your zip code where my x's are)  Now simply press send and sit tight and within 60 seconds you will get a text message with the information.  This works for client names, addresses and phone numbers and it works for just about anything you are searching.  If you want another good test why not search your name or your spouses name and your zip code?  If you have a spare moment send a text to 466453 and enter Realtor, Florence, Kentucky 41042 and see what comes up.

There are so many potential uses for this service and once you play with it a bit you will quickly see the many possibilities.  Your family will love it, your past clients will love it, your team will love it, I have a feeling that pretty much anyone with a cell phone will find a use for it at some point.  The key to remember is that if you do not have a text messaging account you will get charged a non contract text message rate.  For those of us with text messages contracts and especially those of us who have unlimited text messaging this is a feature that we will be using on a very regular basis.  Google has done it again and the speed of this service is amazing

Why is NOW a GREAT TIME to buy a home????

by Mike Parker

  With the Rates just dropping, NOW is a GREAT time to buy a home!!!  One of our friends, Sam Miller, up in Ohio, posted this YouTube video and it explains why...  Check it out!!!

<object width="425" height="355"><param name="movie" value=""></param><param name="wmode" value="transparent"></param><embed src="" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>


Fed Cuts Rates AGAIN!!!

by Mike Parker

This blog was posted by some friends of ours, The Jones Team, realtors out of Tennessee....we thought we had to share because it is so good!!! 

In a suprise move, the Federal Reserve announced this morning that it has cut the Federal Funds Rate three-quarters of a point, moving the key rate from 4.25 to 3.75 percent.

While it was no suprise that the Fed would slash rates, the shocker is that the US central bank would not only make the move before its scheduled meeting next week, but also implement the biggest federal funds rate cut on record going back to 1990.

In addition to dropping the funds rate, which governs overnight lending between banks, the Fed also slashed the discount rate it charges on direct loans to banks by three-quarters of a point to 4 percent.  Many economists believe rates could be cut again at the Federal Reserve’s scheduled meeting on January 29-30.

Check out the full story here.

Submitted by Jill Kuchle:

Check out the following link  It's sponsored by Q102 and Cincinnati Bell.  You can sign up and have your school closing texted to your cell phone so when that snow storm blows, you can stay cozy in bed and you won't have to get up and stare at the TV til your schools scrolls across the bottom of the screen!!!  TOO COOL!!!!

Mike Parker swaping strategies.....

by Mike Parker

This blog was posted by Ralph Roberts.  Mike Parker was part of this team of  top real estate agents in the business......

Swaping Strategy with the Superstars of Real Estate

I am in Las Vegas today meeting with 51 of the top Real Estate agent team leaders from across the country. Bill Barrett, a former Certified Residential Specialist (CRS) instructor and a top national speaker, is hosting this annual retreat to promote the sharing of ideas among Real Estate industry leaders.

From 8:00 in the morning until 5:00 in the afternoon, we are engaged in a high-energy strategy swap meet designed to raise everyone’s game to a new level. Barrett requested that every attendee bring 51 copies of either a three-ring binder or CDs or DVDs of everything they have done this year to list and sell over 100 homes. These materials include prospecting strategies, listing presentations, sales scripts, marketing materials, customer service techniques, follow-up strategies, new technologies, time-management tips, and anything else that has been used to boost sales and productivity.

This is such a great opportunity be each attendee exchanges their materials and then commences in a back-and-forth discussion that provides all of us with the opportunity to present our best system. Barrett has let everyone know that this is not a time to plug vendors, and he has discouraged us from bringing any brochures from any of the vendors we use. He stressed that the retreat is an opportunity to share and gather ideas, systems, tips, and techniques that can boost sales and revenue over the coming years.

The list of participants reads like the Who’s Who of the Real Estate Industry:

  • Greg Anderson
  • Bill Barrett
  • Alexis Bolin
  • Martin Bouma
  • Barbara J. Brady
  • Joseph Brazen
  • Duncan Brown
  • Ron Cadieux
  • Ron Campbell
  • Stephen Christie
  • David Crockett
  • Melinda Estridge
  • Michelle Genovesi
  • Galand Haas
  • Mary Harker
  • Phil Herman
  • Pei Lin Huang
  • Ken J. Jansen
  • Jim Johnston
  • Anna King
  • Brad Korb
  • Brad Korn
  • Sheryl Knowles
  • Colleen Lawler
  • Rob Levy
  • Sid Lezamiz
  • Nate Martinez
  • Leslie McDonnell
  • Janice Miller
  • Sam Miller
  • Stanley Mills
  • Chip Neumann
  • Jim Nussbaum
  • Mike Parker
  • Janet Parsons
  • Zac Pasmanick
  • Carol Pease
  • John Pinto
  • Brenda Rawls
  • John Riggins
  • (yours truly) Ralph R. Roberts
  • Cathy Russell
  • Marsha Sell
  • Alan Shafran
  • Eleanor Sheets
  • Jean Shine
  • Orly Steinberg
  • Fraida Varah
  • Pat Wattam
  • Phyllis Wolborsky


Kentucky Association of Realtors Meeting Information....

by Mike Parker
Interested in what was discussed at  the Kentucky Assocaition of Realtors meeting?  Check out our podcast.....visit

The Northern Kentucky Real Estate Market..What Can I Expect??

by Mike Parker
Fall is here and that should be good for the real estate market for a couple of reasons.  First, July and August are always slower than most of the year.  I call it a roller-coaster season.  You have people trying to get vacation in before school starts and then when school starts, the market (in a normal market) does not pick back up until usually 7 - 10 days AFTER Labor Day.  The second reason is the media has slowed down on chewing on the mortgage business all over the front pages of our newspapers and the TV.  This tends to scare a lot of people off.  I guess one of the advantages of bing in the real estate business for over 20 years is that you know when the market goes up and down.
The past 18 months have not been anything like a normal market.  I do not see our market for the next 9 months, improving.  I actually see it still staying like ti is now, maybe sliding even a little back-wards.  Look for prices to pretty much stay where they are.  I do not see any appreciation in the next 9 months.
The rate change has been good but it is going to take more than that to get the buyers out.  Our inventory is about 10% to 15% higher than normal, but we have 40% to 50% less buyers in the market.  That is why you are seeing longer days on the market.  Look for it to continue.
Here is pretty good advice.  If you are going to sell your home, price it right for the get go - AT MARKET VALUE!!  Don't give yourself room for negotiating - there is no room for that in this current market.
There are five things that sell real estate:
1.  Price
2.  Location
3.  Condition
4.  Terms
5.  Agent you select
Price and condition are HUGE in a market like this.  You have to be priced at fair market value or below, and your condition must be in TOP NOTCH- your home has to shine!!!  The front door area and walking up to the home as to be in TOP FORM!  The home has to be exceptionally clean and roomy, not too much furniture and not a bunch or toys or things laying out across the room!  Price and Condition are EVERYTHING in this market!!
Look for our market to stay soft, the underwriters for the mortgage companies have tightened the loop buyers have to jump through and have made it a lot tougher to get a loan.  We will see 20% to 30 % more rejections from the mortgage companies.  You will see less people applying for loans because they are scared of the process.  You can still get a 100% loan, but the cost of that loan is high and you have to have a 700 plus credit score to get it.  A lot of people just don't have that good enough of a credit score.
Our traffic will remain lighter than normal, it will be better than it was in July and August but lighter than the last 3 or 4 years.  If you have your home for sale or are thinking about putting your home up for sale, work on the condition and work on the price. 
Here is the BRIGHT side of our market.  There has NEVER been a better time to buy a home than now!!  You might be getting less for your home today, but you are saving more money buying your next home because that seller is in the same boat you are.  Builders are giving HUGE incentives to build so you can get great buys there too!! 
The market is what the market is.  The Northern Kentucky real estate market has run strong for the last ten years.  We did not see the appreciation that the rest of the country saw, but we did well.  Look for the next two to three years to be steady at best.
For any comments or questions feel free to contact at

Displaying blog entries 1-10 of 12




Share This Page

Contact Information

Photo of Mike Parker - CRS Real Estate
Mike Parker - CRS
HUFF Realty
60 Cavalier Blvd.
Florence KY 41042