March 2011

Volume 4 Issue 3

Pam Wilhelm, Realtor;

Short Sale Specialist
New Home Specialist
Transinternational Referral Certification

Tampa Bay International Council

(727)237-4288
Email: pamspremierproperties@gmail.com
Why 2011 May Be End of Housing Crash
Web: http://www.pwilhelm.prudentialtropical.com
Wall Street Journal-Simon the economic signs a bot- .Investors Are Stepping Up
Constable_ There might finaly tom is close.
Here’s another sign the market is
be some good news this year Houses Are A Good Deal nearing a bottom: Investors have
Inside this about the nation’s dismal
issue: Housing is the most afford- started to buy up houses and
housing market. Or , at least, condos, in some instances paying
Why 2011 May be end 1 able it has been in decades,
the bad news could stop. entirely in cash. That’s a far cry
Nationally, the cost of a
Either way, it will be welcome from the heady bubble days,
house is the equivalent of
Buyers Get Picky 1 relief for current homeowners
about 19 months total pay
as well as for potential real-
for an average family, the
Longtime Listings Try 2 estate investors. For sure, last
lowest level in 35 years.
Again week we learned the widely
Prices usually average close
watched
Housing Starts Climb 3 to 2 years pay.
S&P home-price index fell 1%
Pricing is down so much in
Wealthy Buyers Re-emerge in December, its fifth straight
3 some markets that when you
decline. The index tracks 20
analyze renting versus own-
major markets. But that figure
Just for Laughs 2 ing, it makes much more when borrowed money seemed
belies real reasons to be opti-
sense to own. the key to riches. Investors are
mistic. If they are right, it
Property of the Month 4 might make sense to jump into Mr. Simon says prices may buying at current prices looking
real estate. The trick is avoid- dip another 5%. Still that’s for deals, or so-called bottom
ing getting burned again, and it small compared that in some fishing. They typically like to pay
doesn’t necessarily mean own- markets, home prices have entirely in cash ( or a relatively
ing a home . First let’s recap fallen by half or more since small loan) to speed up the trans-
actions. .

Buyers Get Picky When Home Shopping

Daily Real Estate
News/January 2011 / Buyers
want “perfection and com-
fort”, says John B. Badala-
menti, an associate broker at
Prudential Fox & Roach Real-
tors in Wayne, PA
“As a result of the staging
craze, buyers have become a
bit spoiled..” Badalamenti told
the Philidelphia Inquirer.
“Homes are almost being put
on the market as museum
pieces. You can bounce a dime
off the bed.” Sellers who have
put off essential home mainte-
nance, may want to think twice
about listing these days. Things
like nail pops and settlement
cracks, while often easily re-
paired, are not being tolerated.
Buyers often are eyeing home
inspections carefully too. Buy-
ers seem most concerned
about water leaks from plumb-
ing and roof repairs.
Page 2 Volume 4 Issue 3

Longtime Listings Try Again in Spring

By Dan Sewell
Spring can be an exciting time
for homeowners ready to sell.
But not so much when your
home has lingered on the mar-
ket through multiple spring
selling seasons.
Years of listings, open houses
and showings without offers
are weighing on many home-
owners this year as the nations
housing market continues to
struggle from the Great Reces-
sion’s prolonged housing
slump, credit crunch, and high
unemployment.
“I would like to move on,” said
Jim Oliver, who’s been trying
to since 2007. “It’s frustrat-
ing.”
With new foreclosures and
mortgage short-sales still
streaming into the market,
buyers have a lot of bargin
listings to shop through. So
that can mean some tough
conversations between agents
and homeowners about how
much they can get for their
home.– and if it’s not attracting
much interest after months or
years, they need to slash their
asking price.
“You have to be where the
market is , not where it was,”
Phipps said.
“You need to be very realistic
about what is keeping your
home from selling.” Phipps
said. “Ultimately there is a
price at which all things will
sell.”

Just for Laughs

Amish Elevator
A fifteen year old Amish boy and his father were at the mall. They were amazed by almost eve-
rything they saw, but especially by two shiny, silver walls that could move apart and then slide
back together again.
The boy asked, “What is it father?”
The father (never having seen an elevator) responded, “Son, I have never seen anything like this
in my life, I don’t know what it is.”
While the boy and his father were watching with amazement, a fat old lady in a wheel chair
moved up to the moving walls and pressed a button. The walls opened, and the lady rolled be-
House too small? Now is tween them into a small room. The walls closed, and the boy and his father watched the small
the time to Move Up... numbers about the walls light up sequentially. They continued to watch until it reached the last
Call Pam today to set up number, and then the numbers began to light in the reverse order. Finally the walls opened up
an appointment again and a gorgeous 24-year-old stepped out.

(727) 237-4288 The father, not taking his eyes off the young women, said quietly to his son,
“Go get your mother.”

Thought for the Day

Always tell the truth, then you don’t have to
remember anything -Mark Twain
 Volume 4 Issue 3
Wealthy Buyers Re-emerge in Real Estate
Daily Real Estate News/
March 2011/ . The rich have
returned to the real estate mar-
ket and are taking advantage of
big bargins in luxury homes.
Sales of million-dollar homes
and condos increased last year
in all 20 major metro areas–
with some cities seeing an 18.6
percent increase in high-end
home sales, according to Data-
Quick Information Systems.
The increase follows four con-
secutive years in declines in
million-dollar homes.
4 Model Home Tricks to Use On Your Home
Daily Real Estate News/March
2011/Model homes are de-
signed to give buyers the allu-
sion of perfection. Mary Cook,
an interior designer with Mary
Cook & Associates, has built
her business around
“merchandising” model homes
for builders nationwide.
Here are a few tips she shared:
1. First impressions
Prudential to Kick Off Red Tag Sale
March 19– 27 , 2011 Prudential
Tropical Realty is having their
annual Red Tag Sale. This is in
addition of the FAR statewide
open house March 26-27th.
We are targeting our advertis-
ing efforts to enhance public
awareness of this buying op-
portunity. Sellers interested in
The market that fared the best
in high-dollar real estate: San
Jose, Calif., which boasted a
27.4 percent increase in sales
last year in million dollar
homes. Honolulu also saw a
big spike in million-dollar sales
– a 26 percent increase– as well
as New York, where million-
dollar home sales rose nearly
25 percent.
In Washington, D.C. million-
dollar home sales grew by 20
percent as government workers
count.Put every effort into
what they see when they come
through the door.
2.Make sure scale and pro-
portion fit. “If you have a
whole bunch of little things,
putting them in a group to-
gether on the wall; will haves-
same effect as a large paint-
ing.3. Use color to enhance.
Staying safely in the neutral
participating, will agree to
lower the price of their home
by a dollar amount or a per-
centage. During the Red Tag
sale, buyers can take advantage
of the reduced price of your
home.
In additon , all local real estate
companies will be notified of
Page 3
continued to help the high-end
real estate market there. Other
cities with big gains in million-
dollar sales include San Diego
(14 percent) and Nashville(13
percent)
“It hasn’t been a good six
months for all people, but it
was a good six months for rich
people”, Glenn Kelman, CEO
of Seattle-based real estate
brokerage Redfin, told CNN
Money, “When Wall Street
goes up, rich people buy
homes.”
zone, but being careful not to
use colors that will effect buy-
ers,
4. Stand out. Presume that the
buyer has three houses lined
up, you have to identify all the
reasons why somebody would
chose your house, This can be
Need to Move Up? Now is the
done with a brochure of res-
time to buy! Call today for list
taurant menus, fitness center
of available homes (727)237-
brochures, hospital info, etc
4288
the availability of reduced price
listings so that they can contact
their buyers , too.
If you choose to participate, a
red tag will be attached to the
Prudential Tropical Realty sign
in your yard for the event. “Prudential’s Gulfview
This is an opportunity to create Mall Kiosk”
new interest in your home!
 Are you tired of waiting for your house to sell?
Pam Wilhelm
Are you tired of agents not keeping their promises?
What if I could tell you that “
I can sell your house for more money
And in less time
9108 US Hwy 19 With no hassles
Port Richey, FL 34667
Cell: (727) 237-4288
Fax: (727) 378-5244 Call today for your personal
E-mail: pamspremierproperties@yahoo.com home evaluation. Let me
show you how we can get the
most for your biggest investment.
Check out :
www.pwilhelm.prudentialtropical.com Call Pam today at (727) 237-4288

Delivering A World Class Experience

….One Client At A Time

Reduced ! $58,500
Great investment opportu-
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block home in Port Richey
close to everything, Fenced
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furnished? Yes Furnished!
Newer Roof and A/C .
Don’t wait too long! Living Room Dining room
7411 Johnson Rd

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(727)237-4288 kitchen Bathroom
Master Bedroom