TOP STORY: Mo Anderson is a Hall of Famer!

Keller Williams Realty's vice chairman, Mo Anderson has been selected by the Council of Real Estate Brokerage Managers (CRB) as 2008's inductee into their Hall of Leaders.

The Hall of Leaders recognizes brokerage professionals who significantly shape and influence both the local and the national real estate market.

“Mo’s success is not by accident or luck. Passion, leadership and innovative vision are just a few of many characteristics that make her a respected industry leader. Her generosity of time and talent have enhanced the profession and her community. We are so pleased to honor her with this prestigious award,” says Ginny Shipe, CAE, chief executive officer of the Council of Real Estate Brokerage Managers. “Mo has absolutely demonstrated that leadership is about action not position.”

Congratulations Mo Anderson, you are a continued inspiration

to your entire Keller Williams Family!


SHIFT has begun

SHIFT: How Top Real Estate Agents Tackle Tough Times pre-sales are going strong

SHIFT: How Top Real Estate Agents Tackle Tough Times is now available exclusively to Keller Williams associates. The latest book by the best-selling team of The Millionaire Real Estate Agent, Gary Keller, Dave Jenks and Jay Papasan, SHIFT is a tactical guide for achieving success in any real estate market. The book outlines 12 tactics to ensure you, your market center and Keller Williams Realty continue to grow and gain precious market share.

"After reading this book, we realized that we have been through five shifts in our market over 21 years of selling. We survived, we thrived and we became better because of the experience. Shifts are a little like child birth: you don't want to remember going through the pain, but you sure love the gift that comes from it."

- Darla and Kurt Buehler, Dallas, Texas

Click here or visit www.millionairesystems.com/shift

to pre-order your copy for only $12 and SAVE 45 percent on the cover price!

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Book your Mega Camp hotel room today

Before they sell out!

The time to book your room for Mega Camp is now! The Keller Williams hotel block is quickly filling up. The Hilton Downtown has already sold out and the Residence Inn by Marriott is close to capacity!

Click here for information on the discounted Keller Williams hotel blocks at various hotels around Austin.

If you haven't already, be sure to save your seat at Mega Camp, August 25-27, and Masterminds, August 26-28. Save up to $500 when you register for both events.

Click here to take advantage of this great pricing — only available through Aug. 4!

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A message from Mo

Dear Family,

Do you CARE to join the party?

Operation Heart to Heart 2 is kicking off Mega Camp 2008 on Sunday, August 24, with a celebration featuring the band AMERICA!

This summer’s concert is priced at cost thanks to Operation Heart to Heart 2!  Unlike previous years, we are leaving the amount of your donation up to you and hope you will look into your hearts to support these two wonderful charities who ‘make magic’ for so many deserving people.

Please make a contribution to benefit KW Cares and One World when you purchase your concert tickets. These donations are important and we truly appreciate your help!

Click here to purchase tickets or make a donation.

Ticket Prices:
General Admission - $100
  Dinner Ticket - $35

I can’t wait to share this special time with you! Thank you from the bottom of my heart!

Love,

 

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Financing Solutions with David Reed

Is owner financing for you?

Visit Reed's Website

Owner financing has been a popular practice in previous real estate downturns. Current market conditions and upheavals in the mortgage industry have given rise to a new-found interest in this idea. If you own your property outright, have a need to sell in a soft market and are interested in converting your sold home into an investment that yields returns, owner financing may be a option worth exploring.

Successful owner financing means that you, the owner of the property, get to widen the potential pool of home buyers by offering to finance the transaction. And since private lending, where you act as the mortgage lender, tends to offer higher than standard interest rates to offset risks, you can also enjoy a nice return on the home loan.

Due diligence is the key to successful owner financing. This is not intended as a means to provide financing for those who have damaged credit, little or no income or some other “loan of last resort” characteristic.  So who is this ideal candidate and how do you, the owner, evaluate such a proposition?

Your ideal candidate is someone who has excellent credit but for some reason, lenders aren’t using all or part of the buyer’s income.  For instance, someone that has been an attorney for a legal firm for several years and just last year started their own practice or an experienced mechanic who ventures out on his own to open up his own shop. Lenders like to see two years’ worth of self employment when evaluating a loan application. 

Author of:
An Agent's Guide to Financing Solutions
Mortgages 101
Mortgage Confidential

You’ll need to check the buyer’s credit and you can do so by getting written permission to pull a credit report.  Or, you can log on together to www.annualcreditreport.com and print off a current report at no charge.  Have the prospect provide you with three months most recent bank statements, personal and business, to show cash flow. To verify employment, dial “411” and ask for the phone number for that person’s business and call the office. 

You can only hold a note on a property that is free and clear.  Any transaction where title changes hands will trigger the “due on sale” clause inserted in mortgage loans.

Finally, and most importantly, get a substantial down payment.  Anything that is 20 percent down indicates that the buyer is serious. Most owner financing arrangements are done on two to three year balloon notes. The idea is that your non-qualifying buyer will have time to establish a track record with their earnings and refinance with a traditional lender.

If the market is slowing down the sale of your home, discuss the possibility of adding owner financing to your listing with your agent.

 

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Certified ProManage Instructor Training registration is open

Every market center needs an "in-house" expert on ProManage/Top Producer 8i. Now whether you are an agent, market center trainer, team leader or tech coordinator you could become a Certified ProManage Instructor.

In this three-day workshop you will gain the knowledge and resources necessary to teach Your Business Is Your Database and hands-on computing workshops to your peers. You will also learn solid skills for building your business in today's market, using habits from The Millionaire Real Estate Agent and the Keller Williams Version of Top Producer 8i.

Become an expert. Click here to register!

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Better business through Fast Track Blog Coaching

More and more real estate agents are moving online, are you?

Establishing a strong Web presence isn't as complicated as it sounds. MAPS coaching provides you with the tools and knowledge necessary to ensure that you gain your virtual market share.

Mariana Wagner, MAPS coach and Keller Williams agent, says, "We have seen awesome results in the search engines for these blogs in under a month in some cases! For example, I set up my Stetson Hills Real Estate Blog through my eAgentC Website and the Website started ranking #1 #2 and #3 for “Stetson Hills Real Estate” on Google™ in just three weeks!

 

Click here to sign up for the Fast Track Block Coaching program.

Still not sure? Register for the free Blogging Webinar listed

below and find out just how easily you can make the

market-changing jump to the Web.

Blogging Webinar

Mon., July 7

11 a.m.- 12 p.m. CST

Mariana Wagner Register Now!

Click here to see a full schedule of free coaching calls offered by MAPS.

Each of these sessions is a $49 value, but MAPS is offering

them to you for free!

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Market Center Leadership Corner

Mega Leadership, Mega speaker!

John Maxwell to speak at Mega Leadership Camp

As an author, John Maxwell has sold over 13 million books and as a speaker, Maxwell has inspired thousands to success. Maxwell is a best-selling author who has been named to Amazon's Hall of Fame and holds the top rank on 2007 International Gurus Survey.

Join him at this year's Mega Leadership Camp and ensure that you are endowed with the knowledge and inspiration needed to move your business from surviving to thriving.

Register for Mega Camp now!

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Contact us at marketing@kw.com.