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COMPILE YOUR OWN STATISTICS |
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Statistics made easy in MLXchange
Do you know that you can
run statistics on any search you execute within MLXchange?
This can be useful if you would like to research specific
areas or submarkets in your area. Here is an example
of how to compile those statistics.
Click on the "Search"
tab within MLXchange. Enter the following search criteria:
(Status: Sold)
(Sold Date: 01/01/2006
and 12/31/2006)
Click on "Search Map"
at the top of the screen and select the area on the map you
would like to pull statistics. Execute the search by
clicking the "Results" button. On the results page, click on the
button at the bottom of the screen that says "Statistics.
This will provide the 2006 sold statistics for the area you
specified on the map.
Once you print the
2006 statistics, close the statistics window. Now
click on the "Criteria" button at the bottom of the screen.
Change the following criteria:
(Sold Date: 01/01/2006
and 12/31/2006) to (Sold Date: 01/01/2007 and 12/31/2007)
Execute the search
again by clicking the "Results" button. On the results page,
click on the button at the bottom of the screen that says
"Statistics. This will provide the 2007 sold statistics
for the area you specified on the map. Now, print the 2007
statistics. You now have 2006 and 2007 home sold
statistics for the map area selected. |
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MAY EDUCATION |
JUNE EDUCATION |
WINDOWS VISTA TOOLS |
05/05/2008.
Tools to Assist Buyers and
Sellers
2:00 PM
05/06/2008.
Admin Training Class (No C/E)
10:00 AM
05/06/2008.
MLXchange CMA
2:00 PM
05/07/2008.
MLXchange Basic
10:00 AM
05/07/2008.
MLXchange Advanced
2:00 PM
CLICK HERE TO SIGN-UP! |
06/02/2008.
MLXchange Basic
2:00 PM
06/03/2008.
MLS Passport
10:00 AM
06/03/2008.
MLXchange Advanced
2:00 PM
06/04/2008.
Tools to Assist Buyers and
Sellers
10:00 AM
06/04/2008.
MLXchange Web Design
2:00 PM
CLICK HERE TO SIGN-UP!
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Speech Recognition Windows Speech
Recognition in Windows Vista empowers users to interact with
their computers by voice. It was designed for people who want to
significantly limit their use of the mouse and keyboard while
maintaining or increasing their overall productivity. You can
dictate documents and emails in mainstream applications, use
voice commands to start and switch between applications, control
the operating system, and even fill out forms on the Web.
To access Windows Speech Recognition in Vista, go to "Start"
-> "All Programs" -> "Accessories" -> "Ease of Access" ->
"Windows Speech Recognition." |
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UPDATING YOUR OFFICE ROSTER |
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The WRIST Rules and Regulations state that you must give 30 days
notice to cancel an agent membership, such as sending their
license back to the state. WRIST has worked hard to shed
unnecessary cost. If you can notify WRIST in writing by the last
business day of the month that you’re sending a license back, we
will waive the 30 day notice rule, and you will not be invoiced
for the next month. Please note that since we turn in our
membership numbers in advance to our MLXchange vendor, we will
be unable to credit your account if we receive a cancellation
past the last business day of the month. |
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In today’s world where available
credit is at a premium, it is certainly in everyone’s interest
to expedite the lending process for buyers. Pricing can be
maddening when one has to not only forecast buyer’s expectations
and meet seller’s needs but also when one has to predict
valuation acceptability to the lenders as well. Information
coming from all sides indicates that the property is located in
a “declining” market, but your instincts suspect not. What to
do? The answer is that you
may be right – the property may be located within a submarket
which has remained stable and never declined or has/is becoming
stable.
Submarkets are
defined as 1) a specific neighborhood within a defined area,
2) a price range within a defined area, or 3) a specific style
and/or age within a defined area. Sometimes it is a combination
of two of the above. An example might be family homes
(split-levels in a desirable school district) which have
maintained a constant SP/LP ratio over the past year in spite of
declining prices and increased days on market everywhere else.
Another example might be homes priced just above conventional
lending limits (jumbo loans) where funding is limited along with
buyers who qualify for the restrictively lowered LTVs. Once
funding is more readily available, price rebounds quickly. How
do you determine this; especially if your property’s contract
price is not the median/average and has to be supported by an
appraisal?
Submarkets
(segmentation of market statistics along with a trending
analysis of the other segments) may be your best ally in support
of your agreed contract price. Segmentation should follow along
the above referenced three definitions in order to obtain
sufficient data for trending analysis. Too carefully defined
submarket (finished basements) will not produce valid data
points and a cogent argument, but rather will only become an
adjustment of a feature or amenity. Trending can be quarter-vs-quarter
or can be from year upon year timelines.
Whatever you
suspect might be trending in your market, statistics will need
to be verified by trend analysis. Contact your local appraiser
for for information.
Submitted by:
Sue Knopp |
