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Lynchburg, VA Real Estate News

By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
What do you think about the changes in MLS listings on Realtor.com? Now that the dust has settled after the National Association of Realtors board of directors approved changes to the operating agreement for its official website, realtor.com, many Realtors worry the changes will lead to a dilution of the Realtor brand and the standards of professionalism, including accuracy, that go along with it. As of Monday morning, an overwhelming 50 of 62 respondents to an informal poll on the “Raise the Bar” Facebook group page said they felt “betrayed by NAR. Like a knife in the back” due to the trade group’s decision to allow realtor.com operator Move Inc. to obtain listings from entities that are not Realtor-owned and controlled, and from brokers who are not Realtors, including rentals and new-...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
This guide to buying commerical real estate in Lynchburg, Virginia is not intended to be a complete list of all things relevant to the purchase of Lynchburg real estate and should not be deemed a substitute for  professional advice from a Lynchburg commercial real estate agent. You should conduct your own due diligence into all aspects of a real estate purchase and depending on your situation, you should get assistance from experts, including a licensed real estate broker, a property inspector, title/escrow company, attorney, and/or financial advisor. Search in Lynchburg MLS real estate for sale   What is Lynchburg Commercial Real Estate? Commercial real estate can be any real estate other than a single-family home. The term generally applies to office buildings, apartment complexes, re...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
7 mistakes to avoid when selling a home in Lynchburg Va MLS 7 mistakes to avoid when selling your home in the MLS in Lynchburg Va. If you can avoid making the following seller mistakes, you should find a qualified buyer without too much trouble.  Tip: Research Lynchurg comparable home sales, percentage of listings with price cuts and how long homes sit on your local market so you’re prepared to find an appropriate price for your home with your agent. Again, if you can avoid making the following seller mistakes, you should find a qualified buyer without too much trouble.  TIPS FOR SELLERS LISTING HOMES FOR SALE ON THE LYNCHBURG MLS Getting Emotional.  Selling your home can be a time-consuming and emotionally challenging experience, especially if you’ve never done it before. To save your ...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Lynchburg School District Ratings and Test Scores, Surprising Results! Lynchburg City Schools district-wide test scores are listted below, compare schools here.  Lynchburg school district offers educational services to more than 8,000 students enrolled in preschool through adult classes in two high schools, three middle schools, and eleven elementary schools. Alternative elementary, middle and high school programs, gifted programs, and programs for the disabled are also available. Our elementary schools provide an optimal academic environment and accelerated learning opportunities. Along with basic learning skills, students are taught basic concepts of character development and citizenship. LCS Mission StatementEvery Child, By Name and By Need, to Graduation. CLICK HERE TO SEE YOUR SCHO...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Lynchburg Virginia Money Magazine "Best Places to Retire" "Best College Town" Best if you're looking for: College town Median home price: $127,000 Top state income tax: 5.75%   Lynchburg Virginia is located in the foothills of the Blue Ridge Mountains, this tidy town has beauty and brains. Lynchburg is home to several higher-learning institutions, including Randolph College, Lynchburg College, and Liberty University (Largest Christian Univesity in the world) which open their doors to non-degree students. Great real estate prices with amazing neighborhoods. Lynchburg retirees don't need to enroll in classes to take advantage of the wide range of lectures and workshops open to the community. Though the area drips with history (the site of General Lee's surrender is just outside town), the...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
The Keller Williams Belief System  At the core of Keller Williams Realty is a conviction that who you are in business with matters. We believe that the company we keep can contribute to our lives in untold ways. To help cement this understanding, we’ve formalized a belief system called the WI4C2TS that guides how we treat each other and how we do business.   Win-Win:  or no deal Integrity:  do the right thing Customers:  always come first Commitment:  in all things Communication:  seek first to understand Creativity:  ideas before results Teamwork:  together everyone achieves more Trust:  starts with honesty Success:  results through people Our Mission To build careers worth having, businesses worth owning, and lives worth living.     Our Vision To be the real estate company of choice. ...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Careers Worth Having, Businesses Worth Owning and Lives Worth Living Created as a grand experiment, based on Gary Keller’s conviction that if the company focused its resources on building its agents, the agents in turn would build the company beyond all expectations, Keller Williams Realty has reshaped the North American real estate industry landscape. Today, Keller Williams Realty stands as the largest real estate franchise company in the United States, with more than 79,000 associates and nearly 700 market centers throughout North America.   Ready To Learn More? Would you like to schedule confidential conversation today about the impact of joining forces with North America’s most agent-centric real estate company?   cshearer@kw.com Careers Worth Having Gary Keller notes on the cover ...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
LOCAL REALTOR® ACCEPTED IN CRB MANAGEMENT CERTIFICATION PROGRAM Lynchburg, 6/10/2013 — Christopher P. Shearer, a Lynchburg member of KW Commercial, has been accepted as a Candidate in the nationally recognized CRB (Certified Real Estate Brokerage Manager) Management Certification Program. The Council of Real Estate Brokerage Managers (CRB), an affiliate of the NATIONAL ASSOCIATION OF REALTORS®, is the professional organization for brokerage management. The Council is dedicated to providing quality professional development programs, products and services that continually enhance the management productivity and profitability of its more than 7,000 members. The CRB Designation is recognized throughout the industry as the highest level of professional achievement -- a symbol of excellence i...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Have a great day!   Blessed is the man who walks not in the counsel of the wicked, nor stands in the way of sinners, nor sits in the seat of scoffers; but his delight is in the law of the Lord, and on his law he meditates day and night. He is like a tree planted by streams of water that yields its fruit in its season, and its leaf does not wither. In all that he does, he prospers. Psalm 1
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Leasing activity may be experiencing a renaissance if retail landlords are to be believed, but it’s still taking a while for property fundamentals to return to historically healthy levels. One only has to look at retail REITs’ recent performance to see that the market has taken a turn for the better. For instance, mall operator Simon Property Group reported a 110 basis point increase in portfolio occupancy from the first quarter of 2012 to the first quarter of 2013, to 94.7 percent. Base minimum rent per sq. ft. went up 3 percent, to $41.05. Shopping center operator Kimco Realty Corp. reported that pro-rate occupancy within its portfolio rose 70 basis points during the same period, to 93.6 percent. During the first quarter of 2013, the average vacancy rate at all neighborhood and commun...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Winning is not a sometime thing; it's an all the time thing. You don't win once in a while; you don't do things right once in a while; you do them right all the time. Winning is a habit. Unfortunately, so is losing.   There is no room for second place. There is only one place in my game, and that's first place. I have finished second twice in my time at Green Bay, and I don't ever want to finish second again. There is a second place bowl game, but it is a game for losers played by losers. It is and always has been an American zeal to be first in anything we do, and to win, and to win, and to win.   Every time a football player goes to play his trade he's got to play from the ground up-from the soles of his feet right up to his head. Every inch of him has to play. Some guys play with the...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
"I have told you these things, so that in me you may have peace. In this world you will have trouble. But take heart! I have overcome the world." John 16:22
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
The United States commercial real estate market is finally enjoying a revival. Compared to six months ago, expectations for the market are up. The Urban Land Institute conducted a survey that estimated real estate transaction volume for the year would top $310 billion. In 2012, the transaction volume was at $290 billion. The change between the two years represents a seven percent increase. In 2014, the number is forecasted to advance to $340 billion. By 2015, it is predicted to jump to $360 billion. Survey results All of this data was completed at the ULI/E&Y Real Estate Consensus forecast. This survey occurs twice a year. It represents the third survey in a row where this kind of data was collected. In it, 38 of the nation’s top economists and analysts voiced their predictions for the ...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Since the capital markets froze in 2008, commercial real estate (CRE) lending has experienced significant constraints that continue to persist.  Amidst reports suggesting that CRE lending has begun to return, it’s important to realize that any market loosening is far from universal. So far, debt providers have focused on core cities and select asset types during this prolonged recovery.  Since small and midsize businesses have generally relied on commercial banks for their lending needs – commercial banks comprise nearly 50 percent of the commercial real estate lending in the U.S. – the lasting impact of the severe recession is proving quite substantial. For many, the limited access to traditional real estate financing has created newfound interest in asset-based loans (ABLs). Historica...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
KeyBank Real Estate Capital entered into an agreement with Bank of America N.A. to purchase certain commercial mortgage servicing rights that will substantially increase its commercial mortgage servicing business. KeyBank will purchase substantially all of the third party CMBS and special servicing rights from Bank of America’s global mortgages and securitized products business. Simultaneously, KeyBank entered into a long-term sub-servicing agreement with Berkadia Commercial Mortgage LLC that will make Berkadia a sub-servicer for all primary CMBS servicing acquired from Bank of America. KeyBank has also agreed to acquire Berkadia’s CMBS special servicing business. As of March 31, Bank of America had a total commercial mortgage servicing portfolio of approximately $110.5 billion and a CB...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
What makes an apartment market a “top” market? Is it single-digit vacancy rates and double-digit rental rate growth? Can investors simply look at the most recent data from industry researcher Axiometrics Inc. and make their decisions based on numbers alone? If they do, they might end up investing in markets that are performing well today but lack any future growth prospects. Or should investors take their cue from Wall Street and stick to the coastal markets—the so-called Sexy Six that regularly attract institutional investors? In doing so, investors might end up competing with every other investor and paying cap rates below 4 percent for assets that have little or no upside. “You don’t want to confuse rent growth, occupancy or architectural attractiveness with the top markets for inve...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Joshua 1:8-9 "This Book of the Law shall not depart from your mouth, but you shall meditate on it day and night, so that you may be careful to do according to all that is written in it. For then you will make your way prosperous, and then you will have good success. Have I not commanded you? Be strong and courageous. Do not be frightened, and do not be dismayed, for the Lord your God is with you wherever you go.”
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
LEADERSHIP EXISTS TO CREATE A CHANGE IN REALITY   Without leaders, things drift along. They go where they want to go, following the path of least resistance. However, when this is not desirable—or acceptable—you hire, elect, appoint or become a leader. The leader’s job is to overcome resistance and make things flow in a different direction. His or her job is to create a different reality.   So how do you create a shift in the status quo?   Identify what needs to change. This is commonly called the situation analysis. What is unacceptable about your current environment? What frustrates you? What disappoints you? What needs to change?   Determine the outcome you are after. This is what is commonly called vision. Getting clear on the what is more important than understanding how you are go...
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