Coldwell Banker Country Estates

A deed is the document that transfers ownership of real estate in wyoming. It contains the names of the old (Grantor) and new (Grantee) owners along with a precise and accurate legal description of the properties and a description of the ownership rights which are being transferred.  The deed is signed by the person (s) transferring the property (Grantor). You can’t transfer real estate without having something in writing, which is almost always a deed.  It is essential that all information on a deed be 100% accurate.  A deed must be notarized.

Once a deed is recorded with the county clerk, you have given the world notice that you own the property and the original document is no longer needed to prove ownership.

The most common types of deeds are:

A quitclaim deed transfers whatever ownership interest a person has in a property. It makes no guarantees about the extent of the person’s interest. Quitclaim deeds are commonly used by divorcing couples; one spouse signs all his or her rights in the couple’s real estate in Wyoming over to the other. This can be especially useful if it isn’t clear how much of an interest, if any, one spouse has in property that’s held in the other’s name. (However, a quitclaim deed doesn’t relieve the individual transferring ownership from the mortgage, if there is one.)

Quitclaim deeds are also frequently used when there is a “cloud” on title — that is, when a search reveals that a previous owner or some other individual, like the heir of a previous owner, may have some claim to the property. The individual can sign a quitclaim deed to transfer any remaining interest.

A grant deed transfers ownership and implies certain promises — that the title hasn’t already been transferred to someone else or been encumbered, except as set out in the deed.

A warranty deed transfers ownership and explicitly promises the buyer that the transferor (Grantor) has good title to the property and that it is free of undisclosed liens or claims of ownership. The transferor guarantees that he or she will compensate the buyer if that turns out to be wrong. The warranty deed may make other promises as well, to address particular problems with the transaction.  This is the type of deed that most purchasers should want to receive. This deed can be ask for when purchasing real estate in Wyoming.

A special warranty deed is not nearly as protective of the buyer as is the general warranty deed. The grantor of a special warranty deed warrants that they have received title. And, the grantor warrants, unless noted specifically in the deed, that the property was not additionally encumbered during their period of ownership beyond what has been disclosed.  The grantor of the special warranty deed, in effect, only warrants the title against their own actions or omissions. They warrant nothing prior to their taking title. If specifically stated in the deed, other warranties can be conveyed. Special warranty deeds are frequently used by executors and trustees.

You should obtain legal counsel if you aren’t sure which type of deed is best for your situation.

“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.com for a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

To Arrange an Interview with Consumer Spokesperson Diann Patton and Get Tips for Couples in the Home Buying Process in Star Valley Wyoming, Please Contact:

Val D. Pendleton

Coldwell Banker Country Estates

307-880-7000

val@cbcountry.com

COLDWELL BANKER REAL ESTATE SURVEYS 1,000 MEN AND WOMEN TO DISCOVER GENDER DIFFERENCES IN THE HOME-BUYING PROCESS

Survey Finds that While Couples Make Real Estate Buying Decisions Together, Women Make Up Their Minds Significantly Faster than Men.

We, at Coldwell Banker Country Estates found this information very interesting and hope that if you are considering real estate in star valley, Thayne, Bedford, Alpine, Afton, or Star Valley Ranch, you will give us the chance to assist you with your star valley real estate needs.

PARSIPPANY, N.J. (August 17, 2009) –   It often seems as though men and women are from different planets, but every day millions of couples navigate through day-to-day and even life-altering decisions. Because buying a home is the biggest purchase most people will make in their lifetime, Coldwell Banker Real Estate LLC surveyed 1,000 individuals to discover how much men and women differ in the home-buying process.

The real estate company engaged a third-party research firm, International Communications Research (ICR), to delve into the innerpsyche of men and women, asking questions such as “How long did it take for you to know that the last home you purchased was right for you?” and “If you found the home of your dreams but had concerns about its security, would you still be interested?” Coldwell Banker Real Estate also surveyed couples on additional topics, such as “Who wears the pants in the relationship?” when it comes to making major financial decisions.

“The results were surprising,” said Diann Patton, the Coldwell Banker consumer real estate expert. “Not only did we uncover some of the inherent differences between men and women, but we also pinpointed a number of ways that the two genders are actually the same. For example, both men and women are increasingly concerned with having a space to work in their homes – something we would not have seen 40 years ago.” She continued, “We also found that feeling insecure about a home’s safety is a deal-breaker for most people, regardless of gender.”

Patton noted this topic is particularly timely given that many first-time homebuyers are hoping to take advantage of the $8,000 tax credit before it expires on December 1, 2009.

Below are some key highlights from the Coldwell Banker Real Estate study:

Women may be inclined to make up their mind more quickly than men …

When asked how long it took before they knew their home was “right” for them, almost 70 percent of women had made up their mind the day they walked into the house, vs. 62 percent of men. Conversely, significantly more men needed two or more visits: (32 percent of men vs. 23 percent of women).

Women would rather live closer to their extended family than to their job …

55 percent of women find it more important to be closer to their extended family (those that do not live in their household) than to their job, compared to only 37 percent of men.

A home’s security is a deal-breaker for both men and women …

64 percent of women said that if they found the home of their dreams but had concerns about its security, they would no longer be interested. More than half of men agreed (51 percent).

Couples say that no one “wears the pants in the relationship” in terms of major financial decisions …

When asked who wears the pants in the relationship (when it comes to major financial decisions, such as purchasing a home), almost 70 percent of respondents living with their significant other said it’s actually mutual.

However, 23 percent think that they, themselves, wear the pants in the relationship, not their partner. More men than women said this (26 percent vs. 20 percent, respectively).

Men and women agree on how they would use a spare room, for the most part …

When the respondents were asked how they would use an extra 12 x 12 room if it could be anything they wanted, men and women agreed on the top three most popular, and very practical, responses:

Bedroom: 25 percent

Office/Study: 15 percent

Family Room / Den: 11 percent

However, men really do want a “Man Cave”…

Interestingly, out of the 8 percent who indicated they would turn that spare room into an entertainment center, it was a preponderance of men leading the charge.  In fact, four times as many men as women said they would use the extra space for recreation / entertainment.

In addition to providing background on the survey results, Patton is able to offer tips for couples who are currently going through the process of buying a home.  “These results further validate how critical it is for couples to recognize each other’s differences and work together, from deciding a neighborhood to how to use a spare room,” she said. “Online tools and the expertise of a real estate professional can be particularly helpful for couples, especially if they work together step-by-step along the way.”

Methodology: Coldwell Banker Real Estate engaged ICR to conduct an omnibus survey via telephone in May 2009, among more than 1,000 respondents.

About Coldwell Banker Real Estate LLC

Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2008, Franchise Times magazine’s prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,200 residential real estate offices and approximately 100,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new homes and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.com for a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

WE’RE HAVING A SALE, AND IT’S ALMOST OVER!
I think that we are rapidly approaching the bottom of the real estate recession, if we’re not already there. There are still a lot of foreclosures to come but the overall market seems to be turning around. Sales are increasing and the inventory is slowly declining. Most of the new homes inventory have been sold and this will help the re-sale market since home buyers will no longer have the option to buy new homes. If new home builders are slow to get back into production we could actually see a shortage of homes for sale. The number of newly built single-family homes on the market declined in April to their lowest level since May 2001. For real estate for sale in Wyoming, we are seeing a better year so far than we had anticipated. Real estate in Star Valley is alive a strong.
 
 
THE GOOD NEWS, AND IT’S ALL GOOD
Most of what we hear and read from the press is made to sell their products and keep them in business. What we don’t hear most of the time is the other half, the good news. So, I thought I would give you some of the good stuff.  I recently heard a speech that warms the heart about our economy and our state of the Union. What was said was that 93.8% of all homes that have a loan on them are current on their payments. Star Valley real estate has been sticking fairly close to these statistics.

Here are some really good statistics (approximate):
1)      There are approximately 76 million homes in the United States
2)      52 million of these have a loan on them
3)      11 of the 52 million with loans are under water (more is owed on the properties than their value). However, of the 6.2% of the 11 million that are in foreclosure 40% of these are rentals, vacation homes and second homes and not the owner’s primary residence.
4)      24 million homes have no loan on them. That’s one-third of all of the homes in the U.S. that are free and clear.
 
Also, interesting and positive is that there is approximately 11.7 Trillion cash held by us in savings, CDs, Money Market Accounts and Treasury Bills in the United States. And, this amount is greater than or equal to the total amount of our homeowner’s total debt. So, over all, we have as much or more cash as we do debt. That’s a very nice position to be in.
 
FIRST-TIME HOME BUYER TAX CREDIT IS AVAILABLE
The Federal Housing Administration (FHA) will now allow home buyers to apply the administration’s new $8,000 first-time home buyer tax credit toward the purchase costs of a FHA-insured home. The American Recovery and Reinvestment Act of 2009 offers home buyers a tax credit of up to $8,000 for purchasing their first home.
Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.” We have had several buyers use this on real estate for sale in Wyoming. It sure has helped our first timers in buying a home.
 
PENDING HOME SALES INCREASE NATIONALLY FOR 3rd CONSECUTIVE MONTH
Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to a recent report from National Association of Realtors.

We believe that real estate for sale in Wyoming is a wonderful investment in our future. There are great interest rates, wonderful inventory of properties, and motivated sellers, what a great time to invest in the future!

“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.comfor a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

June 13, 2009-According to the National Association of Realtors, between 40% and 45% of homes sold in the month of February were distressed properties-foreclosures, short sales and bank-owned properties (otherwise known as REOs). Luckily Wyoming real estate doesn’t compare to these statistics. In some of the areas hardest hit by the foreclosure tsunami, the percentages are much higher. Agents in the central valley of California report that the overwhelming majority of sales-in some cases, as much as 80%-are distressed properties, and mostly REOs. So if you’re not working with distressed properties, you’re going to be at a tremendous competitive disadvantage.

And more REOs are coming to market. The first quarter of 2009 set a new record for foreclosure activity, with over 803,000 U.S. households receiving a foreclosure notice. Current estimates call for over 3.1 million households in some stage of foreclosure this year, with up to half of these ultimately going back to the banks. Wyoming real estate is still holding strong. If considering purchasing a REO consult a realtor for proper steps.

Not surprisingly, there’s a growing interest in securing REO listings from the lenders and loan servicers among brokers, Realtors and agents. The recent REOMAC conference in Palm Desert, California, drew over 3,800 attendees, mostly agents looking for an entree into the REO business. But before you throw your hat in the ring, there are a few things you should consider about what it takes to be a successful REO agent.

Star Valley real estate is still very strong, our sellers are motivated and our inventory is large, Star Valley is a real estate pool of every type of real estate you could be looking for.

 ”Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.comfor a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

http://rismedia.com/2009-06-13/so-you-want-to-be-an-reo-agent/#ixzz0IVap6GEO&D

If you are thinking of buying a home, this may be your first step. As professionals in real estate in wyoming, we stongly suggest taking a look at your credit before you begin your search for real estate in wyoming.

Over 70% of consumers identify errors on their credit report. Twenty-five percent of those are serious enough to deny consumers and business owners access to credit, preferred interest rates or even a job. With over 54 billion credit updates occurring each year, it’s very likely you-or your clients-may have errors that are negatively impacting the ability to get credit and/or causing you to pay unnecessary interest expenses. As your realtor we advise knowing your report inside and out.

Identifying a credit report error is only the first step. Most consumers don’t know they have an error on their report because they rarely, if ever, review it until they need to get a loan. By the time this occurs, a consumer typically has less than 45 days before they need their loan funded, and their ability to get a single, valid error corrected within this timeframe is marginal at best. This is why if you are looking for real estate in wyoming you will be on the fast track if you have already taken care of errors on your report.

The need to proactively understand, evaluate and optimize your credit profile has never been greater. So what should a consumer do? Become educated and informed about how credit works. Our clients should continually review and evaluate their credit profile. When a questionable activity is identified, he/she should make sure they understand it and correct any valid errors. In most cases, consumers begin by filing a dispute with the applicable credit agency who is reporting the information.

Taking these measures will allow us a your realtor to make the transition from shopper to owner of real estate in Star Valley as smooth and painless as possible.

“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.comfor a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

A little over 20 years ago, box office star Harrison Ford decided to leave L.A. for an 800-acre ranch in Jackson Hole, Wyoming, about 50 miles from Star Valley Wyoming.  On-screen, Ford has saved the galaxy as Hans Solo and gone on action-filled treasure hunts as Indiana Jones, but his life on his Wyoming real estate is more subdued.

An article on LandReport.com talks about Ford’s farm chores on his Wyoming real estate.  “I need to be in a situation where my every whim is not attended to, where I have to fetch my own nails, do my own shopping, and wash my own dishes. “Being normal is a kind of victory,” Ford said.  “I’ll fix a fence, repair a piece of equipment, or plough the driveway if there’s snow. There’s always plenty of work to do.” Ford was active in planning his Wyoming ranch real estate from the beginning. While on set in France he faxed back drawings of what he wanted his house to look like.  Shortly after buying the Wyoming real estate, Ford also started granting conservation easements along his property. In case things get too slow for Ford on theWyoming ranch, he has also worked as a Teton County sheriff’s deputy and has used his planes and helicopters to help in mountain rescue missions, according to LandReport.com.

Real Estate in Star Valley is very desierable for outdoor enthusiasts, as well as people wanting to just get away to their own piece of heaven in Wyoming real estate.

 ”Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.comfor a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

Check on the recording of lien and mortgage releases if you are thinking about selling your real estate in wyoming.
 
You purchase a home and live in it for years.  Now, you’re ready to sell star valley real estate and you are told that the mortgage held by the previous owners was never released.  What do you do?
 
First, it’s very important to always confirm that releases for liens and mortgages are recorded promptly following your closing.  In star valley Wyoming lenders are required to record a release within 30 days of the loan payoff or face some pretty stiff penalties.   For your own piece of mind, you can check the county clerk’s web site to confirm that releases have been processed in a timely fashion.  Remember, you will probably not be able to sell or refinance a property if you have outstanding liens.
 
With all the recent mergers and closures of banks and lenders, resolving an unreleased lien can be both time consuming and frustrating.  This is something that your title company can help you with. Star valley Title and Escrow people know the lingo and the players.  They can often find just the right button to push to get the problem resolved.

This information should help with real estate in wyoming for transactions to go smoothly and timely.

“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.com for a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

Here in Star Valley Wyoming we get comments periodically about green housing, so when we came across this information we thought it might interest the greenies of Star Valley Wyoming.

Did you know? According to several studies including the U.S. Department of Energy, homes and buildings account for 40-50 percent of total U.S. energy consumption and at least 20-40 percent of greenhouse gas emissions and pollution.

In addition, construction of homes and other buildings use more than 30 percent of all raw materials and produce at least 30 percent of waste generation in the U.S. each year. Wow!

Committed followers of green subscribe to sustainable growth principles which reject “false choices” of economic growth versus environmental stewardship and social responsibility. Proponents believe these goals can and should occur simultaneously, an item important to those involved in Star Valley Real Estate.

The study and goal of sustainable growth is a topic which I encourage you to research. As it pertains to green homes and development, sustainability focuses on the concept of “smart” growth — growth without compromising the well being of future generations and their ability to satisfy their needs and desire for happiness.

All stakeholders—such as planners, developers, builders and owners—must consider the “triple bottom line” of prosperity (profit), people (community) and their planet (environment). We all share one big home after all—our planet Earth.  And so it should be with homes for sale in Star Valley Wyoming.

“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.comfor a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

Pending home sales rose a seasonally adjusted 2.1% in February to a reading of 82.1 from 80.4 in January, the National Association of Realtors reported today. Economists had expected pending sales to remain unchanged, so hopefully this helps us out in Wyoming real estate too.”Pending-home sales have a way to go for there to be a meaningful increase, but recent increases in shopping activity, which we are seeing in Wyoming real estate too, are hopeful indicators that we’ll see additional sales gains,” said Lawrence Yun, NAR’s chief economist, in a statement.

With this optomistic news given to us from National Association Of Realtors, It helps us in Wyoming real estate to guage our selling season based not only on what we notice in Star Valley wyoming, but realty in the rest of the united states.

“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.com for a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″

As we get information through the real estate in Wyoming sources, we would like to pass it on to our clients and customers in Wyoming Real Estate, as to give them them tools to plan and prepare for the future of investing in land or homes in Star Valley. 

President Barack Obama rolled out a bold $75 billion, three-part plan to halt the soaring rate of mortgage foreclosures nationwide, one that seeks to encourage refinancing of homes now worth less than their mortgages and provides incentives for lenders to lower the debt load on struggling homeowners. This should help real estate in wyoming, right?

President Barack Obama’s new effort to use Wall Street rescue money to halt the soaring rate of mortgage foreclosures nationwide encourages refinancing of homes that are now worth less than their mortgages and provides incentives for lenders to lower the debt load on struggling homeowners.Some things seem so obvious that simple folks like me have started to question our own common sense. Like the idea that the best way to help the average American, who has lost 40% of the value of his retirement nest-egg and half the equity in his real estate, is to GIVE billions of our dollars to the people who caused this fleecing of America. Huh?

By last report, none of the money had made its way to where it is needed and where it was supposed to be headed. Banks gobbled up the money and refuse to disclose what they did with it; but, they, apparently, haven’t been lending it. They won’t say where it went and tell us they don’t have to. They concluded with the statement that they really couldn’t track it anyway because all revenue goes together and its source is unaccounted for.

Again, huh? If I got even just a single billion from somewhere, I’m sure the IRS would make me account for its source. But, a statement like that raises the even larger question-do these people know even the basics of business? You track where your money comes from so that you can do more of what is profitable and less of what is not. No wonder some are already coming back for more. And, one exec at Bank of America, John Thain, spent $1.2 million on drapes for his office. Drapes! Why aren’t we marching in the streets? Luckily real estate in Wyoiming and our agents are well accounted for!

“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at  http://www.cbcountry.comfor a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″