Monday, December 31, 2012

Better Late Than Never...



SMART GOALS – TEMPLATE

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SMART goals help improve achievement and success.  A SMART goal clarifies exactly what is expected and the measures used to determine if the goal is achieved and successfully completed.



A SMART goal is:



Specific :  Linked to what you want, specifically, in your life.  Answers the question—Who? and What?



Measurable:  The success toward meeting the goal can be measured.  Answers the question—How?



Attainable:  Goals are realistic and can be achieved in a specific amount of time and are reasonable.



Relevant (results oriented):  The goals are aligned with what you want in life; include the expected result.



Time framed:  Goals have a clearly defined time-frame including a target or deadline date.

Examples:



Not a SMART goal:

·        I want to lose some weight.



Does not identify a measurement or time frame, nor identify why the improvement is needed or how it will be used.



SMART goal:

·        I will lose 30 pounds by the 31st of March, wear a size 8 dress/size 32 waist pants, still enjoy the foods I eat in moderation, all while doing the things I need to do each day at work and in my personal life. I will lose the 30 pounds by averaging a weekly weight loss equal to 1 to 2% of my current weight without starving myself or exercising like a maniac.



SMART Goal Planning Form



Specific – WHO? WHAT?














Measurement/Assessment – HOW?








Attainable/Achieve – REASONABLE?








Relevant – EXPECTED RESULT?








By


Timed – WHEN?






Tuesday, December 18, 2012

Holiday Funnies...



As promised, here are a couple more holiday funnies:

Chrismukkah
Continuing the current trend of large-scale mergers and acquisitions, it was announced today at a press conference that Christmas and Hanukkah will merge. An industry source said that the deal had been in the works for about 1300 years.
While details were not available at press time, it is believed that the overhead cost of having twelve days of Christmas and eight days of Hanukkah was becoming prohibitive for both sides. By combining forces, we're told, the world will be able to enjoy consistently high-quality service during the Fifteen Days of Chrismukkah, as the new holiday is being called.
Massive layoffs are expected, with lords a-leaping and maids a-milking being the hardest hit. As part of the conditions of the agreement, the letters on the dreydl, currently in Hebrew, will be replaced by Latin, thus becoming unintelligible to a wider audience.
One of the sticking points holding up the agreement for at least three hundred years was the question of whether Jewish children could leave milk and cookies for Santa even after having eaten meat for dinner. A breakthrough came last year, when Oreos were finally declared to be Kosher. All sides appeared happy about this.
A spokesman for Christmas, Inc., declined to say whether a takeover of Kwanzaa might not be in the works as well. He merely pointed out that, were it not for the independent existence of Kwanzaa, the merger between Christmas and Chanukah might indeed be seen as an unfair cornering of the holiday market. Fortunately for all concerned, he said, Kwanzaa will help to maintain the competitive balance. He then closed the press conference by leading all present in a rousing rendition of "Oy Vey, All Ye Faithful."

What to give an optimist and a pessimist
A family had twin boys whose only resemblance to each other was their looks. If one felt it was too hot, the other thought it was too cold. If one said the TV was too loud, the other claimed the volume needed to be turned up. Opposite in every way, one was an eternal optimist, the other a doom and gloom pessimist.
Just to see what would happen, at Christmas time their father loaded the pessimist's room with every imaginable toy and game. The optimist's room he loaded with horse manure.
That night the father passed by the pessimist's room and found him sitting amid his new gifts crying bitterly.
"Why are you crying?" the father asked.
"Because my friends will be jealous, I'll have to read all these instructions before I can do anything with this stuff, I'll constantly need batteries, and my toys will eventually get broken." answered the pessimist twin.
Passing the optimist twin's room, the father found him dancing for joy in the pile of manure. "What are you so happy about?" he asked.
To which his optimist twin replied, "There's got to be a pony in here somewhere!"

Friday, December 14, 2012

Yes, Homeownership is an Investment!

Some interesting viewpoints on real estate today:" This is a Golden Opportunity" according to Steve Harney Real Estate Expert and blogger for Keeping Current Matters.

He said, "We compared the current housing market to the market for gold about a decade ago. Some commented on the fact that you can’t compare gold to real estate as an investment as gold is a very liquid asset and it would take more time and effort to sell a house. We were not trying to make the case for real estate vs. gold as an investment in our blog. We were just showing that all investments go through cycles and that the best time to buy any investment may be when everyone is saying not to."


However, since the subject of comparing real estate to other investments has come up, let’s take a closer look. There are two major advantages to investing in a home of your own rather than another option:

You Can’t Live in Your IRA

When you buy your own home you are not taking available dollars away from another investment. You are replacing one housing expense (rent) which has no potential for a return on investment with another (mortgage payment) that does give you an opportunity for a return. We realize that there has been research showing that over the last 30 years renting has been less expensive than owning. That research also says that if you invested the entire difference between the rent payment and mortgage payment you may have done better financially. There are two challenges with this conclusion:

1. Today, in the vast majority of the country, renting is actually more expensive than owning a home.

2. History has proven that tenants DO NOT invest the difference in their rent and mortgage payments.

Today,studies show that owning a home is no more expensive than renting a home. However, even if this wasn’t the case, history shows that owning a home creates greater wealth.

Paying a mortgage creates what financial experts call ‘forced savings’. The Joint Center for Housing Studies at Harvard University released a study last year titled America’s Rental Housing: Meeting Challenges, Building on Opportunities. In the study, they actually quantified the difference in family wealth between renters and homeowners:

“[R]enters have only a fraction of the net wealth of owners. Near the peak of the housing bubble in 2007, the median net wealth of homeowners was $234,600—about 46 times the $5,100 median for renters. Even if homeowner wealth fell back to 1995 levels, it would still be 27.5 times the median for renters.”

There Are Tremendous Tax Advantages to Investing in a Home

There is no doubt that selling an investment such as gold is easier than selling your home. However, this liquidity comes at a price. The price is called capital gains. That is the tax you pay on any financial gain you receive from the investment. This tax doesn’t apply the same way when you sell your primary residence:

Theresa Palagonia, a CPA and the Accounting Manager for the firm G.S. Garritano & Associates, was good enough to explain the Home Sale Exclusion Rules:

“You may qualify to exclude from your income all or part of any gain from the sale of your main home.

Maximum Exclusion

You can exclude up to $250,000 of the gain on the sale of your main home if all of the following are true:

 You meet the ownership test.

 You meet the use test.

 During the 2 year period ending on the date of the sale, you did not exclude gain from the sale of another home.

If you and another person owned the home jointly but file separate returns, each of you can exclude up to $250,000 of gain from the sale of your interest in the home if each of you meets the three conditions listed above.

You may be able to exclude up to $500,000 of the gain on the sale of your main home if you are married and file a joint return and meet the requirements. (Special rules apply for joint returns.)

Ownership and Use Tests

During the 5 year period ending on the date of the sale, you must have:

 Owned the home for at least 2 years, and

 Lived in the home as your main home for at least 2 years

Certain exceptions exist in which you may qualify for the exclusion without satisfying the tests listed.”

Bottom Line

Every investment has pros and cons. That is why there is such an assortment of great opportunities. Real Estate has been, is and always will be one of those opportunities.

If you need to know how your home in Oklahoma City, Edmond, Deer Creek, Piedmont, Yukon, Mustang, Moore, Norman and Midwest City compare these days check this up-to-date market information Oklahoma City Metro Real Estate Center.

Monday, December 10, 2012

In Case You're Running Out Of Time...

With the holiday season in full swing, there always seems to be more to do and less time in which to get it done. One of those things that we all want to do, but dread doing because it's a huge time vampire is sending out holiday cards.


Wouldn't it be nice to find a place where you could create, customize and print your Christmas cards in the comfort of your own home and have them done "lickety split"; in no time at all?

Well, the good news is that there is such a place - make that many places - online to help you get that job done fast and cheap, while still producing a great card.


And, to help you get a head start on using these services, we've provided a link to a whole bushel full of templates, e-cards, video cards and other holiday greetings that could turn your holiday card pain into some serious fun.


We hope you have some fun getting your cards out this year.


Here’s a link to a whole page of holiday greeting opportunities from HP, Hallmark, JibJab, Microsoft and a bunch of other companies. Plus, there’s a list of helpful tips for you there, too.


Enjoy: http://www.squidoo.com/free-christmas-card-templates

Tuesday, December 4, 2012

Remembering Pearl Harbor and Uncle Jack

Most of us alive today either were not around to remember Pearl Harbor or have a faint memory of the impact it had on the United States that dreadful day in 1941 – 71 years ago this week.

The base in Pearl Harbor, Hawaii, was attacked by the Imperial Japanese Navy during surprise military strike. 353 Japanese fighters, bombers and torpedo planes damaged or destroyed eight U.S. Navy battleships, three cruisers, three destroyers, an anti-aircraft training ship and one mine layer. In addition to that, 188 U.S. aircraft were demolished and 2,042 Americans lost their lives.


This attack resulted in the most U.S. deaths on American Soil after The Civil War, The Revolutionary War and the Mexican American war. Franklin D. Roosevelt declared that December 7, 1941 would be a “date which will live in infamy.”


If you know someone who is still alive that served in World War II, be sure to thank them for fighting and not letting the deaths of those who perished at Pearl Harbor happen in vain. If you don’t, go to a local VFW location and say hello to some of the men and women who fought and/or participated in the War.


Here are 5 Facts about Pearl Harbor and the USS Arizona complements of the History Channel:

At 7:55 a.m. Hawaii time (12:55 p.m. EST) on December 7, 1941, Japanese fighter planes attacked the U.S. base at Pearl Harbor, Hawaii, launching one of the deadliest attacks in American history. The assault, which lasted less than two hours, claimed the lives of more than 2,500 people, wounded 1,000 more and damaged or destroyed 18 American ships and nearly 300 airplanes. Almost half of the casualties at Pearl Harbor occurred on the naval battleship USS Arizona, which was hit four times by Japanese bombers. As we commemorate the 70th anniversary of this “date which will live in infamy,” as President Franklin D. Roosevelt described it on December 8, 1941, explore five little-known facts about the USS Arizona and the attack that plunged America into war.


1. Twenty-three sets of brothers died aboard the USS Arizona.
There were 37 confirmed pairs or trios of brothers assigned to the USS Arizona on December 7, 1941. Of these 77 men, 62 were killed, and 23 sets of brothers died. Only one full set of brothers, Kenneth and Russell Warriner, survived the attack; Kenneth was away at flight school in San Diego on that day and Russell was badly wounded but recovered. Both members of the ship’s only father-and-son pair, Thomas Augusta Free and his son William Thomas Free, were killed in action.

Though family members often served on the same ship before World War II, U.S. officials attempted to discourage the practice after Pearl Harbor. However, no official regulations were established, and by the end of the war hundreds of brothers had fought—and died¬—together. The five Sullivan brothers of Waterloo, Iowa, for instance, jointly enlisted after learning that a friend, Bill Ball, had died aboard the USS Arizona; their only condition upon enlistment was that they be assigned to the same ship. In November 1942, all five siblings were killed in action when their light cruiser, the USS Juneau, was sunk during the Battle of Guadalcanal in the Solomon Islands.


2. The USS Arizona’s entire band was lost in the attack.
Almost half of the casualties at Pearl Harbor occurred on the naval battleship USS Arizona, which was hit four times by Japanese bombers and eventually sank. Among the 1,177 crewmen killed were all 21 members of the Arizona’s band, known as U.S. Navy Band Unit (NBU) 22. Most of its members were up on deck preparing to play music for the daily flag raising ceremony when the attack began. They instantly moved to man their battle positions beneath the ship’s gun turret. At no other time in American history has an entire military band died in action.

The night before the attack, NBU 22 had attended the latest round of the annual “Battle of Music” competition between military bands from U.S. ships based at Pearl Harbor. Contrary to some reports, NBU 22 did not perform, having already qualified for the finals set to be held on December 20, 1941. Following the assault, the unit was unanimously declared the winner of that year’s contest, and the award was permanently renamed the USS Arizona Band Trophy.


3. Fuel continues to leak from the USS Arizona’s wreckage.
On December 6, 1941, the USS Arizona took on a full load of fuel—nearly 1.5 million gallons—in preparation for its scheduled trip to the mainland later that month. The next day, much of it fed the explosion and subsequent fires that destroyed the ship following its attack by Japanese bombers. However, despite the raging fire and ravages of time, some 500,000 gallons are still slowly seeping out of the ship’s submerged wreckage: Nearly 70 years after its demise, the USS Arizona continues to spill up to 9 quarts of oil into the harbor each day. In the mid-1990s, environmental concerns led the National Park Service to commission a series of site studies to determine the long-term effects of the oil leakage.


Some scientists have warned of a possible “catastrophic” eruption of oil from the wreckage, which they believe would cause extensive damage to the Hawaiian shoreline and disrupt U.S. naval functions in the area. The NPS and other governmental agencies continue to monitor the deterioration of the wreck site but are reluctant to perform extensive repairs or modifications due to the Arizona’s role as a “war grave.” In fact, the oil that often coats the surface of the water surrounding the ship has added an emotional gravity for many who visit the memorial and is sometimes referred to as the “tears of the Arizona,” or “black tears.”


4. Some former crewmembers have chosen the USS Arizona as their final resting place.
The bonds between the crewmembers of the USS Arizona have lasted far beyond the ship’s loss on December 7, 1941. Since 1982, the U.S. Navy has allowed survivors of the USS Arizona to be interred in the ship’s wreckage upon their deaths. Following a full military funeral at the Arizona memorial, the cremated remains are placed in an urn and then deposited by divers beneath one of the Arizona’s gun turrets. To date, more than 30 Arizona crewmen who survived Pearl Harbor have chosen the ship as their final resting place. Crewmembers who served on the ship prior to the attack may have their ashes scattered above the wreck site, and those who served on other vessels stationed at Pearl Harbor on December 7, 1941, may have their ashes scattered above their former ships. As of November 2011, only 18 of the 355 crewmen who survived the bombing of the USS Arizona are known to be alive.


5. A memorial was built at the USS Arizona site, thanks in part to Elvis Presley.
After the USS Arizona sank, its superstructure and main armament were salvaged and reused to support the war effort, leaving its hull, two gun turrets and the remains of more than 1,000 crewmen submerged in less than 40 feet of water. In 1949 the Pacific War Memorial Commission was established to create a permanent tribute to those who had lost their lives in the attack on Pearl Harbor, but it wasn’t until 1958 that President Dwight D. Eisenhower signed legislation to create a national memorial. The funds to build it came from both the public sector and private donors, including one unlikely source. In March 1961, entertainer Elvis Presley, who had recently finished a two-year stint in the U.S. Army, performed a benefit concert at Pearl Harbor’s Block Arena that raised over $50,000—more than 10 percent of the USS Arizona Memorial’s final cost. The monument was officially dedicated on May 30, 1962, and attracts more than 1 million visitors each year.

Monday, November 26, 2012

What is "Shadow Inventory" Doing to Real Estate Market?


This is just in from Keeping Current Matters by Steve Harney:


The Mortgage Bankers Association (MBA) released their 3rd Quarter Delinquency Survey last week. The report revealed that both the delinquency and shadow inventory numbers are improving. DSNews, reporting on the survey, explained:
“The Mortgage Bankers Association noted in a Thursday report that a four-year low in serious mortgage delinquencies and a drop in the percentage of loans in foreclosure for the third quarter suggest fewer homes are part of the shadow inventory that’s always threatening prices and creating market uncertainty.”
This is great news. However, we must realize two things:
§ The inventory level is still four-times the normal average
§ Foreclosure backlogs still exist in certain judicial foreclosure states
Back in September, KCM explained that the foreclosure challenge in most parts of the country is diminishing with the major exception being the Northeast. A new report confirms that states in the Northeast are now leading the nation in percentage increase in foreclosure activity. In RealtyTrac’s latest Foreclosure Market Report, it was revealed that:

“The three states with the biggest annual increases in foreclosure activity in October were New Jersey (140 percent), New York (123 percent) and Connecticut (41 percent).”
These same states were rocked by super storm Sandy which will result in a continued delay in these properties coming to market. RealtyTrac’s vice president Daren Blomquist explains:

“We continued to see vastly different foreclosure trends across the country in October, depending primarily on how each state’s foreclosing infrastructure was able to handle the high volume of delinquent loans during the worst of the foreclosure crisis in 2010. Unfortunately the three states dealing with the biggest rebound in deferred foreclosure activity— New Jersey, New York and Connecticut — also had to deal with the devastation to homes inflicted by super storm Sandy. The foreclosure moratoriums being put into effect as a result of the storm will likely extend the already-lengthy time to foreclose in these states, further prolonging a fundamentally sound housing recovery.”

Things are looking better in the vast majority of communities across the country. However, the Northeast should still be looking for prices to soften as Mark Zandi of Moody’s Ecnomy explained in a recent Wall Street Journal article:“Some markets are still going to suffer more price declines.” 

For how all this concerns our local real estate market . . . call Gary Atchley Group, 405-216-9600!