Cheyenne Wyoming Real Estate Blog

We can understand your frustration!  You thought your property would sell in just a matter of weeks and, instead, you’re still vacuuming twice a day and leaving voice mail messages for your real estate agent.  Don’t be discouraged.  The reason your real estate isn’t selling may have nothing to do with your property itself.  In reality, it may be one of the more desirable homes on the market.  There are all sorts of factors that go into the timely selling of real estate.  When you’re educated on all those factors and you completely understand what’s going on around you, it’s much less stressful.

 We are full-time, professional real estate agents who specializes in providing innovative service to sell your home faster and for more money than other homes on the market.  In fact, even though it is still a slow market, we have sold more than 110 homes in Cheyenne between 2009 and this year alone. 

Together, we may be able to identify the reason why your real estate hasn’t sold and we can discuss what we’re going to do about it.  We will design a customized and innovative marketing program for you, just as we have done for every one of our clients. We give maximum exposure advertising, an honest market analysis, and many specialized programs including our risk free guarantee and “Buyer Assistance Program,” which bring pre-qualified buyers immediately to your door.

Your property deserves a second chance!  Pick up the phone and call us today to discuss our plan on how we can sell your home…and start packing!

 Sincerely,

  RSVP Team

P.S.   We’ve sold real estate here for a combined  thirty years and have worked with more than 10,000 happy clients who will attest to our multitude of innovative, workable solutions that sold their property fast and for top dollar.

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It is amazing how the housing market in Cheyenne has surpassed our expectations.  We continue to sell homes, have an increase in new starts, and provide choices to our buyers. 

The statistics for January are a bit misleading as it does not reflect a true 12-month running comparison.  Please contact rob@CheyennePropertyForSale.com for further explanation.,

Until next month,

Vicki Graham, CRS
Broker Associate
The Property Exchange
Vicki@CheyennePropertyForSale.com

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The Wyoming Wildlife Federation has been established since 1937.  The Wyoming Wildlife Federation is Wyoming’s oldest and largest sportsmen and conservation organization. 

The 2010 Annual Banquet is the largest fundraising event of the year.  The money raised helps fund their operating expenses and enables the Federation to work to safeguard Wyoming’s beauty, wildlife and pristine wild lands.  The banquet is being held at the Holiday Inn in Cheyennem WY on March 20, 2010.  Tickets cost $40.00 which include dinner, live and silent auctions, raffles and presentation of awards.  Please call 307-637-5433 to make your reservations today.

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1. They have the key — you need it to get into the home!
2. They will show you the best ways to finance your purchase of this home.
3. They know all the listing and sales information in the area, and they will provide it to you.  A knowledgeable buyer is better prepared to negotiate and purchase this home.  Have the same facts an appraiser does!
4. They are community experts, and they will provide any community information that you need, including school information.  You will not have to guess and hope that the information you have is correct.
5. They have a “two- hour call back” guarantee during business hours.  You will not have to wonder if the RSVP Team is going to call you back.
6. They have a team of professionals to look after your needs.  From the first time you call through the entire buying process, the best experts will be on your team to make sure your purchase goes smoothly from start to finish.  The Team’s experts want their business, and they will take care of their business.
7. They have a full-time agent team to make sure that your purchase runs as fluently as possible.  The agent team is dedicated to making your home buying experience a positive one. 
8. They have a unique insight into the specific needs of this seller.
9. They are nice people.  You will enjoy working with them and their entire team of professionals.
10. They have a list of satisfied clients that you are free to call.
11. If you have a home to sell, no one gets more buyers through its doors.  If you have other problems that are challenges for others, don’t worry – the RSVP Team has seen it before.
12. Ever wonder if you are seeing every home that is possible for your budget?  The RSVP Team will ensure you know of all homes that fit your criteria and needs.

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If we have done a good job for you, we hope you will refer us to your family, friends, co-workers and business aquaintances.  There are all sorts of reasons why people end up buying or selling and we would like to make you aware of those:

Marriage, Divorce, Having a new baby, Kids moving out, Promotion at work, Relocating, Losing a job, Downsizing, Upsizing, Taking advantage of the tax credits, Becoming liquid, Maybe “it’s just time”.

If you would like to refer someone to us, by all means give out our names and phone numbers.  In addition, ask the person if we could give them a call and contact us with their information.  We offer referral gifts (i.e., movie passes, lunch gift card, etc.) when we initially receive the contact, but we can’t do this if we don’t know about it. 

Then, when that person closes on a new home or investment, we’ll send you a thank you gift (perhaps a gift certificate to a store or restaurant).  This way, you will know how much your referrals mean to us.  We will do our very best to assist those you have referred to us.

We do the majority of our business by referral, so we would like to include all of our clients in this special program.  Now that you are aware of it, we look forward to hearing from you!

Shari Webb

(307) 286-0470

The R.S.V.P. Team

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Vicki Graham, CRS
The Property Exchange
(307) 631-6884
Vicki@GrahamHouse.com

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1.  Planning is important.  Planning and anticipating speed bumps is essential to your success in keeping to your plan.  For example; jogging every morning at 6 a.m.  You wake up, get dressed and it’s raining outside.  Instead of bailing and going back to bed, make your plan using “if-then” statements.  “If the weather is bad when I plan to jog, then I will go to the gym and use the treadmill instead.”

2.  The Little Engine That Could…Self-efficacy (belief that you can accomplish what you set out to do).  Those that perceive self-efficacy perform better than those that do not.  A little saying for your self is “I cannot fail!”  Even without experience, you cannot fail.  If you believe, you will succeed.

3.  Keep your goals achievable.  If you set your sights too high, they can backfire, you will burn out and become demotivated.  Set your goals that are a stretch, but not overreachable.  Small steps (a great book to read on this theory is One Small Step Can Change Your Life: The Kaizen Way, by Robert Maurer) will ensure that you move slowly and hold your interest while you’re trying to achieve.

4.  Announcement…Make your goals known to many.  Not only will you be held accountable by others, they can help reinforce your behavior.

5.  Lean On Me…Think of authentic people who are truly interested in your success.  Enlist those with whom you have relationships that when your motivation begins to wane, they can help get you back on track.

6.  Your are No.1!  Keep your needs first even though you may feel you’re being selfish.  Your progress could be inhibited if you sacrifice yourself for “that piece of cake a coworker baked for the office” even though you are on a diet.

7.  Challenge and Change.  Challenge yourself, but again, don’t make it overreachable.  Add a new exercise or change your route on your daily walk to allow yourself to recharge.

8.  Learn, Learn, Learn.  Attend workshops, listen to webinars, read on whatever subject your are focusing on to enhance or perfect your skills in that area.

9.  The Deeper Meaning.  If your goal has a true personal significance to you, you are more likely to succeed at it.  For example, learn to speak a different language to better be able to communicate, rather than learning it to be a more cultured person.

Setting your new goals and reaching them is an awesome New Year’s resolution.  Use the strategies listed above to stay motivated and move forward to your success in 2010!

Shari Webb

(307) 286-0470

R.S.V.P. Team

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By Tami Luhby, senior writerJanuary 19, 2010: 11:47 PM ET

NEW YORK (CNNMoney.com) — It’s going to be harder to get a government-backed mortgage from now on.

Looking to shore up its weakening finances, the Federal Housing Administration is set to announce stricter standards on Wednesday.

The agency, which insured nearly a third of new mortgages in 2009, will increase the premium it charges for its mortgage insurance and require those with weaker credit scores to come up with larger down payments.

The FHA will also reduce the amount of money a seller can provide a homebuyer for closing costs, as well as tighten its enforcement of lenders.

“Striking the right balance between managing the FHA’s risk, continuing to provide access to underserved communities, and supporting the nation’s economic recovery is critically important,” FHA Commissioner David Stevens said in a statement. “Importantly, FHA will remain the largest source of home purchase financing for underserved communities.”

FHA loans have skyrocketed in popularity during the mortgage crisis since the agency backstops banks if borrowers stop paying. But housing experts are growing increasingly concerned about the agency’s ability to handle rising numbers of defaults. (Cash cushion shrivels for FHA.)

In November, the agency reported that its reserve fund has dropped to .53% of its insurance guarantees, well below the 2% ratio mandated by Congress and the 3% ratio it had last fall. The fund covers losses on the mortgages the agency insures.

Federal housing officials, who took several steps to shore up the agency’s finances last year, promised to do more. The new announcement is the latest set of changes to FHA policies.

What the new rules mean

The agency will increase its up-front mortgage insurance premium to 2.25%, from 1.75%. It will also ask Congress for the right to hike its ongoing premium, currently between .5% and .55% monthly.

The FHA will also require borrowers to have at least a credit score of 580 to qualify for the agency’s 3.5% down payment program. Those with lower scores will have to pay at least 10%. However, this rule may have little practical effect since Stevens recently said the average borrower score is 693.

The new policy also will reduce the amount of money sellers can provide to homebuyers at closing to 3%, down from 6%, of the home’s price. That change will bring the agency in line with industry standards and remove the incentive to inflate appraisals.

Finally, officials plan to clamp down on lenders offering FHA mortgages. It will more closely monitor their performance and compliance with agency rules, as well as seek legislative authority to require mortgage firms to assume liability for all loans they originate and underwrite.

One thing the agency did not do is to broadly increase the down payment requirement. Many industry observers said such a step is necessary to reduce the risk the FHA faces.

Agency plays crucial role

As banks have clamped down on mortgage lending, the FHA program has emerged as one of the few ways people can buy a home.

Banks are more willing to make FHA loans because they come with a federal guarantee to cover losses if the borrower defaults. And borrowers can more easily qualify for FHA loans because they only need 3.5% down and can have lower credit scores.

As a result, demand for FHA loans has exploded. The agency guaranteed more than $360 billion in single-family mortgages in fiscal 2009, which ended Sept. 30, more than four times the volume in 2007.

The agency insured about 30% of home purchases and 20% of refinanced mortgages in 2009. Nearly 50% of first-time homebuyers go through the agency.

The agency, however, has also seen a spike in delinquencies amid the mortgage meltdown. Some 14.36% of FHA loans were past due in the third quarter, according to the Mortgage Bankers Association. This compares to 9.64% of all loans. 

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