SWEQUITY

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"SWEQUITY" Sweat Equity

Yesterday afternoon, October 25, 2008, I was in serious meeting with a few regular guys discussing the pros & cons of buying foreclosed properties and properties that need upgrades and improvements. After some thoughtful back and forth a profundity was uttered, and a new word, "SWEQUITY" was born. This may not sound like a major achievement, but imagine the savings in syllables over a few millennia. Sweat equity, although a fine series of words, is now unnecessary.

This utterance will go down in history, attributable to EARL BITTINGER, of Swatara Township, Harrisburg, PA. OK, to be perfectly honest we were at a local watering hole, Reliance Hose Company, "THE HOSER", in Rutherford, at 67th & Derry Street. Here and other places like it, a good bit of common sense, Joe6Pack discussions take place on a daily basis. But this was no ordinary day, history was made! This novel and remarkably descriptive word was witnessed by "THE CRABMAN", (CRABBY), RICHARD OYLER, also of Swatara Township, who will, I'm certain be willing to take a lie detector to affirm the authentication as to Earl's remarkable, new term, and myself, SCOTT J. FONNER, Realtor, RE/MAX REALTY ASSOCIATES, INC., Camp Hill, PA. I wonder if those drinks are tax deductable?

Now there may be some who will question the origin of this new word, SWEQUITY, but you can check Wikipedia, the final source of all that is good and right, and there you will find the proof. Sorry too late for you of slothful action. Entered on Sunday, October 26, 2008. Refer to bottom of page.

SWEQUITY

swe - kwity: NOUN (I would have entered the e with line above it, but didn't know how)
•1. exertion of physical power: It will take great deal of SWEQUITY to make the investment worth it.

•2. an earnest or strenuous attempt: A good deal of SWEQUITY will be necessary to keep to the schedule and stay on budget.

•3. something done by exertion or hard work: I thought it would be easy, but it required a lot of SWEQUITY.

•4. the amount of exertion expended for a specified purpose: the SWEQUITY expended on the remodeling of the home to make a profit was overwhelming.

Origin: 2008 (EARL BITTINGER), USA, Pennsylvania, Harrisburg, Swatara Township, Rutherford, Reliance Hose Club, 67th & Derry Street, middle bar stool @ 2:30 PM+/-, Saturday, October 25, 2008. Earl was drinking a Coors Light. Witnessed by SCOTT J. FONNER, Yuengling Lager, author, and RICHARD OYLER, THE CRABMAN, (CRABBY), Coors Light. Author can not verify what EARL & CRABBY were drinking, but believes it to be true, but is certain he was drinking YUENGLING LAGER, America's Finest Beer.

Derivative of Sweat Equity = SWEQUITY

NoShotScott
Scott J. Fonner
http://www.sfonner.com

http://www.valuemypahome.com

sfonner@comcast.net

Scott J. Fonner
RE/MAX Realty Associates, Inc.
717-608-8014Retrieved from

http://en.wikipedia.org/wiki/Swequity

CUMBERLAND COUNTY AND DAUPHIN COUNTY PENNSYLVANIA

Last year, I presented a client (Seller), with a fair offer on their property. Their home was on the market for nearly a month without an offer. The offering price was acceptable, but the Buyer, through his Agent, insisted we respond to each, Reply to Inspection demand (counter), immediately, as opposed to handling all Inspection issues after the entire inspection processes were completed. Pest, Home Inspection, Water, the roof was obviously in need of replacement.

After several terse calls from the Buyers Agent regarding these issues, I went to see the Seller to review and propose an acceptable compromise. The Seller was not opposed to the conditions of my compromise but was not willing to negotiate anything until all the inspections were completed and forwarded at one time. He was very willing to walk away from this Buyer.Now this Seller and his wife, wonderful and honorable people are very contemplative, (thoughtful) folks. I thought, I was doing them a service, preparing a fair compromise to an issue forced upon us.

What I learned through these seasoned folks was that they were not willing to do business with a pushy, thuggish, Buyer, as "he will never be done with his demands if we consider a premature negotiation". The Buyers Agent is an excellent and experienced Agent who was being run by her Buyer. I was being run, at least for a while, by him as well hoping to do the best for my client. In the course of my professional life I have been involved in serious, complex, and very expensive negotiations for many years and thought I had been around long enough to have most of the answers. After that meeting with the Informed Seller s, I thanked them for the "Life Lesson", went home waited for the certain, Buyer insisted call, and suggested to the Buyers Agent we cancel the deal as the Sellers don't wish to play with her Buyer. The Agent did her best to plead the Buyers case but realized our firm position. The Buyer was finally controlled, which was in his best interest. Negotiations went forward, after all the inspections were completed, a fair compromise was worked out and the Buyer didn't give us another problem as he finally understood we were willing to walk away.

What have I learned from this experience? At 49 years of age, I still have a lot to learn from those who have been around longer than I have.

NoShotScott

Scott J. Fonner
717-608-8014
sfonner@comcast.net

http://www.valuemypahome.com

http://sfonner.com

Cumberland County and Dauphin County Pennsylvania

We haven’t been spared in Cumberland County or Dauphin County Pennsylvania in this down market, but there is a bright spot. You may be netting less from your sold home but you will be getting a great deal on the next home purchase, paying far less than you would have a year or two ago with a good interest rate.

What is essential in this slow market, for a home to sell, is to have the highest exposure possible. Choose an agent who pays the additional money to have your home showcased on Realtor.com, Trulia.com, Google.com, MSN.com, and all the sites that buyer’s go to when looking for homes for sale. Of course plenty of quality photos, the visual tours, good descriptions, accurate directions, utility cost, and floor plans add to the desireability of homes for sale and will make a significant impact on the number of view your home will receive resulting in a more certain sale of your home.

Feel free to contact me at 717-608-8014 for a confidential meeting to discuss how my marketing plan will benefit your family.

NoShotScott

Scott J. Fonner
717-608-8014
sfonner@comcast.net

http://www.valuemypahome.com/

http://www.sfonner.com/

REALTOR TECHNOLOGY

SELL MY HOME

I have marketed myself as a LISTING AGENT in CUMBERLAND COUNTY and DAUPHIN COUNTY PENNSYLVANIA. HOME SELLER s are looking for the most internet savvy REAL ESTATE AGENT when they are considering BUYING A HOME, or SELLING A HOME. Many HOME SELLER s are much more advanced and educated on the technology available today than AGENTS IN MY AREA. In today’s market we better be doing all that is necessary to efficiently and QUICKLY SELL A HOME or FIND A HOME such as using all the tools available to us.

My BLOG s posted on ACTIVE RAIN, BLOGGER.COM, and other sources, hopefully will be an asset for HOME OWNER s CONSIDERING BUYING A HOME or SELLING A HOME. My blog has featured stories on why FLOOR PLANS, VIRTUAL TOURS, VISUAL TOURS, VIDEO TOURS, well worded descriptions’ & quality photos are other important ingredients in the marketing of a PROPERTY FOR SALE, as well as documenting events that have occurred and what I have taken from the experience. This is just the beginning of what is necessary in today’s market. We must have a significant presence on all the HOMES FOR SALE and HOUSE VALUES search sites.

To my fellow REALTOR s, this is also a test on utilizing meta tags and highlighting key words in an effort to increase my internet presence.

NoShotScott

SCOTT J. FONNER

http://www.valuemypahome.com

http://www.sfonner.com

FLOOR PLANS, VALUE ADDED

About 2 years ago I was looking for something to set me apart from other listing agents. One new service I offered was to do floor plans for all listings above $120,000 =/-. I don’t think I have a set rule for this, yet. When I’m in a listing meeting going over what I offer, the seller’s see the value. When showing my listings, I always ask what their impression is of the floor plans and it has consistently been something the buyer considered of value. I haven’t been able to tie a sale directly to the floor plans but have been told by the buyer, more than once at settlement, that they’re appreciative; to able to refer back to them when considering which home they would ultimately choose.
When a property has a large lot it is useful to define the boundaries’ and where the buildings are positioned. The average time to prepare a final plan is an hour or two depending upon the size of the home and it takes me 2 visits to get it right. I find this therapeutic.
I am a creature of habit and use Corel Draw, although there are many good CAD programs out there for a very reasonable price. I have one but prefer the old way.
I also prepare a binder which is positioned on the kitchen counter or someplace where it won’t be overlooked. I ordered RE/MAX silver embossed, leather binders from a supplier which includes the listing sheet, disclosures, monthly utility costs, floor plans, plot plans, regional RE/MAX sales comparisons, personal information, and more depending upon the need.
When a seller is considering a service in a listing presentation the level of professionalism may make a difference.
NoShotScott
Scott J. Fonner
http://www.sfonner.com/
http://www.valuemypahome.com/

Stop and smell the roses!

As the big “50” approaches it became time to take stock, again. Now I have been blessed my entire life to have a wonderful family, great friends, good health, and a fantastic attitude. But I needed to treat myself. Hey, if I don’t who will? And this is my point.
As many in this great country do, I put in some serious hours. No complaints here I didn’t enjoy it I wouldn’t do it. Earlier this year, April, I found what I have dreamed about for 20+ years. That’s right boys, a chopper. How do you justify it? Get a few deals a year; that will more than pay for it and expand your circle of influence. Easy! See put your mind to it and you can justify some serious treats. The reality is that I did sell a home as a direct result of meeting a fellow bike owner which easily will cover a year’s payment. I wonder if I can write this baby off.
So take a moment smell the roses, put some wind in your face.
Scott J. Fonner
NoShotScott
http://www.sfonner.com/
http://www.valuemypahome.com/

Smart Phone Technology

On Tuesday and Wednesday, October 7 & 8, I attended a 14 hour continuing education class led by Dick Betts, www.dickbetts.com if you have the opportunity to go..........do so.
The first half day was mainly about internet presence including Blogging. As you may have noticed, I have been negligent for quite some time. A common problem for many of us with good intentions.
The other classes dealt with using the internet and Smart phones. I was a bit of the "butt of the joke" as I just bought an I phone. Note to all, don't buy an I phone or Blackberry for Real Estate. The Palm was universally acknowledged as the industry choice winner. Lesson learned. What Dick taught was not only interesting but it's applications I have begun using and hope to make it my regular way of doing business. Dick was enthusiastic and knowledgeable and I promise you won't be disappointed.
The technology is here today, and I for one will not fight the change.
By the way, the class in PA is accredited and goes toward your continuing Ed mandates.
NoShotScott
www.sfonner.com
www.valuemypahome.com