Privacy Policy

Privacy Policy for www.http://real-estate-lakone.blogspot.com

If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at pemuja.tuhan@gmail.com.

At www.http://real-estate-lakone.blogspot.com, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by www.http://real-estate-lakone.blogspot.com and how it is used.

Log Files
Like many other Web sites, www.http://real-estate-lakone.blogspot.com makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.

Cookies and Web Beacons
www.http://real-estate-lakone.blogspot.com does use cookies to store information about visitors preferences, record user-specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser.

DoubleClick DART Cookie
.:: Google, as a third party vendor, uses cookies to serve ads on www.http://real-estate-lakone.blogspot.com.
.:: Google's use of the DART cookie enables it to serve ads to users based on their visit to www.http://real-estate-lakone.blogspot.com and other sites on the Internet.
.:: Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html

Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include ....
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These third-party ad servers or ad networks use technology to the advertisements and links that appear on www.http://real-estate-lakone.blogspot.com send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see.

www.http://real-estate-lakone.blogspot.com has no access to or control over these cookies that are used by third-party advertisers.

You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. www.http://real-estate-lakone.blogspot.com's privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites.

Become a Professional Home Builder

I know a lot of builders who do a great job building a home and after the buyer moves in, fall on their face by not following up. I've been guilty of the same thing. They have a home that is 90% perfect and all the buyer can think of is that a door that does not shut properly, and the builder never came back to fix it. They forget that 90% of their home is perfect.

It's very important that you follow up on the punch list and you finish all those items, within reason, that the owner says are problems.

The best way I found to handle this is to have a thorough walk through before the buyer moves in. Repair all those items and when the individual moves in, tell him to live in the home for at least a period of 30 days without calling you or your office. Have the customer write down those items he's not happy with during that 30-day period. Verbal communication is not good enough. He has to put all his little complaints in writing.

Any major item, like their air conditioner not working is an emergency item that you'll handle immediately. Normally, for those items, you've supplied the customer with direct phone numbers to the subcontractor that did the work with the understanding that he will call the subcontractor directly.

It's going to take living in the home just to see what items need repairing or replacing. At the end of this 30-day period, the builder or someone representing the builder needs to sit down with the owner and go over this written punch list. This could take a good amount of time, so you need to allocate enough time to do this.

As you go over the punch list it's very important that you describe to the owner how you're going to fix a problem. For example, if you've got a nail popping out of the drywall you can say, "Well we will hammer the nail back in place. We'll repair the drywall and then we'll repaint that area. And if it doesn't blend properly we'll repaint the entire wall." Look at the owner and ask, "Is that satisfactory?" Because the way you plan to fix a problem and the way he thinks it should be fixed, may not agree. If you don't agree on a solution, talk about it until you do. So, you need to tell them how you're going to fix each and every problem.

After you've gone through the entire list, stipulate in writing that you'll have 60 days to complete the punch list. I want to forewarn you. You can't repair those items fast enough. Don't wait until the tail end of the 60-day period before anybody shows up. Jump on it immediately! Once everything is completed on that punch list, it is understood that any other needed repairs will fall under the homeowner's warranty, which we will discuss a little later. One note, wood molding in a home will do a lot of expanding and /or contracting during the first year. If this molding is painted, it will definitely need re-caulking after the first year. I know a builder that has a sterling reputation because he tells the customer that after a year, he'll bring his painters back into the home to re-caulk these joints. They love him and can't say enough good things about him.

Some people are a little too picky. If the customer is nitpicking you to death, you've got to call his hand. If he has just a few picky items, go ahead and appease him and fix them to the best of your ability. This is great PR. You want satisfied customers. You don't want them telling other people anything negative about you or your company.

There's a major builder in the Atlanta area who has a reputation of returning years later and repairing items. Because of this, you'll see resale homes in their ads highlighting the fact that this particular builder built this home. This builder also commands a higher price for his homes and he gets it.

Article Source: http://EzineArticles.com/?expert=Thomas_R._Harrison

Sunk Costs and Mortgage Default

A paper with Eric Rosenblatt and Vincent Yao. The abstract:

In this paper, we estimate default hazard functions that include standard variables along with borrowers sunk cost: i.e., down payment at loan origination. After testing large numbers of specifications, we find that after controlling for mark-to-market loan-to-value, initial combined loan to value remains an important predictor of default. We also find, contrary to Guiso, Sapienza and Zingales, that there is not a specific point at which one observes a discontinuous default probability, but that it is rather that default is smooth in mark-to-market LTV.

Paul Goldberger on Dubai

The architecture critic writes:

The Burj Khalifa, like most super-tall skyscrapers, looks best from afar, and, certainly, it can’t do much to mitigate the real horror of Dubai, which isn’t the fact that most of the towers look gaudy on the sky line but that they are wretched at street level. This is a city that has grown with utter hostility to the idea of the street. The main commercial thoroughfare, Sheikh Zayed Road, lined with skyscrapers, is a twelve-lane highway. It’s impossible to get anywhere here without a car, and there is no place to walk except inside a mall. The city is completing a transit system, and there are some strikingly handsome, glass-enclosed elevated stations, but it is an idealized version of a Western-style metro, dropped onto an urban plan designed solely for the automobile; it’s hard to believe that it will make much difference. The biggest group of pedestrians I saw in five days was on the promenade outside the Dubai Mall, where people gather to look across an artificial lagoon at the Burj Khalifa while watching fountains dance to Middle Eastern music. To them, the Burj is a backdrop for a show.

I couldn't say it better myself.