Real Lesson To all our Fellow Realtors! True Referral or not!!

Real Lesson to all our fellow Realtors!! True Referral or not....!!!
I want to share with my fellow Realtors a true story that happened to me. I had a realtor called me and said he can refer someone to me. He asked me for referral fee and I said that's fine with me.
I made a BIG mistake. I signed the referral agreement without asking him the name of the prospect. (He said it was urgent and I just flew back from Hong Kong after 2 weeks of vacation and still had my jet lag.) He said he will fill in the name of prospect for me and sign it and then return the completed from back to me. This Realtor did not call me or email me back anything. He went silent. I kept waiting for his reply. (Actually, at that time, the referral agreement was not valid since he never sent me back a signed copy with his signature and the name of the prospect.)
Two weeks later, he called me and said, "Did my customer call you?" I said, " You never told me the name of the prospect." Then, he mentioned my friend's name and I was like what??? You are going to refer me my friend that I have been working with for the last 6 months??? This was not the end of the story...
I asked my BIC and he told me first the referral agreement without the prospect's name is invalid. I found out later that this realtor had also referred another realtor to my friend. So, I was wondering how a realtor can refer the same prospect 2 or 3.....times?? (I guess he knew the referral agreement was invalid and went ahead to refer another realtor to my friend. I just don't know his circumstances.)
Here is what I learned. Please be beware that when other realtors that you don't know call you and tell you that they can refer clients to you. The first thing you need to ask them is what the name of the referred customer is! If they are hesitant to share that with you or refuse to put the name of prospect in the referral agreement, be on alert.
When I refer my friend to other realtors in other states, I personally interview them and talk to them first. At least I am convinced that the realtors are suitable for my friends and can do a good job for them. I would definitely share the prospect's name with the relators.
Next time, if you picke up a phone call when a realtor said they can refer you a customer, please remeber to ask "What is the name ??" and don't sign a referral agreement without a name on it!!
I learn this lesson a big time and I hope you will not make the same mistakes I made!!

Liberty Station---Prime Apex Retail For Lease!! $1650/1080st

--Liberty Station in Apex!!
--Prime Apex Location!!
--Huge Parking Lot!!
--Like New Retail/Office Space for Rent!!
--Can be your Shop, Accounting, Law, Therapy, Architect, Graphic design company, Coffee shop, Bike shop, Art studio...e.t.c.
--Close to Apex downtown, restaurants, highways..e.t.c
--The lease is a modified gross lease which includes CAM, water, garbage, grounds maintainance, property taxes.
--The tenant is responsible for electric, phone, gas. Email for photos and layout.
--You don't want to miss this one and please call me for more information!
Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)

$369900--Georgeous Home in Addison Park For Sale

500 Leacroft Way, Morrisville, NC 27560

4 Bedrooms Plus Huge Bonus, 2.5 bath

Formal Living and Dining Room, Open Kitchen with Breakfast! Laundry room 1st floor.

Master Bedroom with dual vanity!

Tile Front porch, Hardwood all through 1st floor,

Cul-De-Sac Lot, Like New Condition!!

Please call or email me for more information!!

Hannah Chan

CHK REALTY

919-426-1854

919-468-1570(Fax)

Georgeous Home in Addison Park For Sale!! $369900 2933 sqft


500 Leacroft Way, Morrisville, NC 27560
--Stunning 2 story, 4 bedrooms 2.5 bath house built in 2006.
--Cul-de-sac lot in one of most desirable Morrisville neighborhoods.
--Nice Open Floorplan with hardwood floors in foyer,dinning, kitchen and living room.
--Excellent School and minutes to RTP, airport, Highway and Shopping Centers.

--Rare Opportunity in ADDISON PARK!!
--You don't want to miss this house and own this Better than New home.
--Lots of Upgrades!! Must See!! Please email me or call me for scheduled a showing!!

Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)
My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog:http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan

Chinese Doctors, Dentist and Acupuncturist in Raleigh, Cary, Apex, Morrisville, Durham, Chapel Hill, Holly Springs, Fuquay Varina, Garner..e.t.c

Chinese Doctors, Dentist and Acupuncturist in Raleigh, Cary, Apex, Morrisville, Durham, Chapel Hill and surrounding areas in Triangle

I have so many people email me to ask about the contacts of local Chinese doctors, dentists and acupuncturist.

Pediatric--MD Irene Chao (Cantonese, Mandarin and English)
101 SW Cary Pkwy Ste 270Cary, NC 27511-5562
919-467-5543

Family Doctor --Dr Jean Zhang Jing (Mandarin and English)
Location: 600 New Waverly Pl, Ste 203,Cary, NC 27518
919859-5650

Dentists --Dr. Tina Shih (Mandarin and English)
2081 Shepherd's Vineyard Dr, Apex, NC 27502
919-362-9216

Kitt Creek Family Dentistry -- Dr. Sun (Mandarin and English)
Phone: 919-237-2155
Fax: 919-237-2352

Acupuncture and Herbal Medicine --Yijin Qiu, L.Ac. DTCM (Mandarin and English)
6608-104 Six Forks Road, Raleigh, NC 27615
919-649-4976

Let me know if you need other local Chinese contacts and I will continue update the list.
Thanks
Hannah Chan

CHK REALTY
919-426-1854
919-468-1570(Fax)
My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog:http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan

Chinese After school/Track out program, Chinese Art Class, Chinese Private Tutor in Raleigh, Cary, Apex, Morrisville, Durham, Chapel Hill and more

Chinese After school program, Chinese Art Class, Chinese Translator and Tutor in Cary, Raleigh, Apex, Morrisville, Chapel Hill, Durham and the surrounding area in Triangle

Chinese After School Program in Raleigh, Cary, Apex, Morrisville

http://www.championla.com/
Location: 106 Pheasant Wood Ct. Morrisville, NC. 27560
Phone: 919-388-1739/919-943-2905

Chinese Art Teacher in Raleigh, Cary, Apex, Morrisville

http://www.sunshinegallery.zoomshare.com/
Guobin Sun212 Cedarpost Dr.Cary, NC 27513461-9845

Chinese Language Tutor /Class in Raleigh, Cary, Apex, Morrisville, Durham and Chapel Hill

http://www.funeducational.net/
Shijun 919-918-7838 (Chapel Hill)


Cynthia Qiu 919-602-9909 (Raleigh, Cary, Apex and Morrisville)
chinesemeetup.wikidot.com

Network with people you can trust!http://www.funmandarin.net

FunMandarin Google Group:http://groups.google.com/group/funmandarin

Also, there is a Meet up group for Chinese Language which they offered Free Class for the beginners who interested to learn Chinese.

http://www.meetup.com/TriangleChinese/

Magnet School Program in Raleigh, Cary, Apex, Morrisville, Durham, Chapel Hill and the surrounding areas in the Triangle

Information Sessions on the Wake County Magnet School Program

Organized By: CAFA Education Committee
Cary Chinese School
Raleigh Academy of Chinese Language
Please see the seminar flyer for more information.
Session I - Raleigh Academy of Chinese Language

When: 9:30AM-10:30AM, Saturday, January 17, 2009
Where: Room E300, Forest Hill Baptist Church, 201 Dixie Trail, Raleigh, NC 27607
Speaker: Tamani Anderson Powell, Director, Wake County Magnet Resource Center

Session I I - Cary Chinese Schol

When: 11:00AM-12:00PM, Saturday, January 17, 2009
Where: School Cafeteria, 200 E. Johnson Street, Cary, NC 27513
Speaker: Tamani Anderson Powell, Director, Wake County Magnet Resource Center

Any families who have a rising kindergartener or teen entering middle or high school in Wake County will benefit from the information session and learn about their choices of the public schools.

The sessions will include the following topics,
Introduction to the different magnet schools
How to apply to magnet schools (elementary, middle & high schools)
How to transfer into a magnet school
Questions and answers
·
About the Magnet School Program:
The Wake County Magnet Program is part of the Wake County public school system. It offers families choices to their base schools. Each magnet school offers a unique theme, such as year-round, gifted and talented, Gifted & Talented AG Basics, Montessori, creative arts and science, leadership, and technology. All WCPSS families may apply to attend the magnet schools for their areas. Applications are selected through a random computerized process using different criteria.
Application period for year 2009 is between 2/9 and 2/28, and magnet applications will only be accepted online.

Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)

My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog:http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan

Congratrulation to NCSU!! Named Top 10 "Best Value" by Princeton Review

According to Triangle Bussiness Journal, North Carolina State University is the sixth best value among public colleges and universities, according to The Princeton Review's annual "Best Value" list.

North Carolina have Davidson College, Duke University, Elon University, the University of North Carolina at Asheville, the University of North Carolina at Greensboro and the University of North Carolina at Wilmington made the list of 100.

The Princeton Review ranked totalled 650 public and private universities based on surveys of administrators and students regarding more than 30 areas, including class sizes, professors accessibility, tuition, room and board and required fees. Then, ranked the top 100 best values among them.

Education is so important to our kids' future and we have so many choices in North Carolina which gave parents and their kids so many options to choose from. More importantly, we have plenty opportunities for the college graudates to stay here for jobs or even further studies. That's exactly why so many families continuously moved to North Carolina for themselves and better future for their kids!

Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)
My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog:http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan

$1650/1080ft2 - Prime Apex Retail/Office Space for Rent

Prime Apex Location!!


All Brick, Like New Retail/Office Space for Rent!!
Former cleaner can be your Shop, Accounting, Law, Therapy, Architect, Graphic design company, Coffee shop, Bike shop, Art studio...e.t.c.


It is located on 501 N Salem Street (Liberty Station). With lots of parking and close to Apex downtown, restaurants, highways..e.t.c

The lease is a modified gross lease which includes CAM, water, garbage, grounds maintainance, property taxes. The tenant is responsible for electric, phone, gas.

Email for photos and layout. You don't want to miss this one and please call me for more information

Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)


My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog:http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan

Chinese New Year Celebrations in Cary, Raleigh, Apex, Morrisville, Durham and Chapel Hill and the surrounding areas in the Triangle!

If you want to know any Chinese New Year Celebrations/ Gala/ Festival in Raleigh, Cary, Apex, Morrisville, Holly Springs, Durham, Chapel Hill..e.t.c You defintely don't want to miss the following two events for celebrating Chinese New Year sponsored by CAFA and TACAS.

1)Chinese New Year Celebration in State Fairground Jan 24th ,2009
1025 Blue Ridge RdRaleigh, NC 27607Info: (919) 821-7400

(TACAS)The Triangle Area's largest Chinese New Year Festival will take place on January 24, 2009 in the Exposition Center at the NC State Fairgrounds. The festival will include an Art and Essay contest during the weeks leading up to the Chinese New Year.

You will find interesting facts and legends related to new year ceremonies and practices, the zodiac of animal signs, lucky Chinese foods, and a few words to say in Mandarin.

You can purchase ticket at Grand Asia Supermarket and A & C Supermarket or buy it online. http://www.etix.com/ticket/servlet/onlineSale?action=selectPerformance&cobrand=nctacas&performance_id=885268


2)2009 Chinese New Year Gala will be held at Memorial Hall, UNC Chapel Hill on Sunday February 8, 2009 from 3:00pm-6:00pm.
Tickets will be sold on January 10 at three local Chinese schools and on-line.

2009 Chinese New Year Gala Organizer: Chinese-American Friendship Association (CAFA)
Co-organizers: Confucius Institute at NCSU, FACSS at UNC Chapel HillCAFA, Confucius Institute at NCSU and FACSS at UNC Chapel Hill have prepared for 2009 Chinese New Year Gala a diversified and exceptional performance.

It will be the biggest event for Chinese community in the triangle area. Over 20 local Chinese groups will bring you singing and dancing, folk instruments, comic skits, fashion show and entertainment for kids.

Every member of your family will find it enjoyable.The performance will be held at Memorial Hall at UNC Chapel Hill on February 8, when it also happens to be the Lantern Festival of Chinese New Year. Chinese community in the triangle area will take this great opportunity to reunion and celebrate.

During the event, CAFA will also provide visa and passport services to CAFA members and students at UNC Memorial Hall.
Time: Sunday February 8, 2009, 3:00pm-6:00pm
Location: UNC Memorial Hall
Tickets Available at: • Online: http://www.cafanc.org/tickets/
UNC Memorial Hall Box Office: 843-3333•
CAFA phone order (Michelle Gao 522-9073)•
ChinaStar (Cathy 741-6103, Ellen Hang 491-7732)•
Raleigh Academy of Chinese Language (Ding Yan 363-4566)•
Cary Chinese School (Ben Qu 889-2998, Ligong Zhang 465-2239)•
Chinese School at Chapel Hill (Weihua Xie 401-9139) •
FACSS at UNC (Wei Luo 259-9619)•
DCSSA at Duke (Weina Wang 218-9814)•
CSSFA at NCSU (Rui Zhou 802-2510)•
Confucius Institute at NCSU (513-2924)•
Lenovo (Catherine 260-2399)•
Sunny Dance Art Group (Hong Shi 481-0864)•
New Moon Fashion Club (Wei Xie 949-6974)

Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)

My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog:http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan

Centex Big Promotion from Jan 9th to19th

Centex Big Promotion "Special Centextravaganza Event"From January 9th - 19th

Showcase Homes
Own a home for 3.5% interest (4.968% APR) when you contract by 1/15/2009!
The low est rate Centex has EVER OFFERED!

+OR

Put 3.5% down, up to $10,000, and we will match it.* You can use the matching amount for closing cost assistance, a price reduction or to take advantage of our great low rates! See a sales consultant for details.

To-Be-Builts
Half OFF All Designer Options $10,000 - $50,000!*The offers vary by neighborhood. See a sales consultant for details.

OR

Put 3.5% down, up to $10,000* and we will match it.* You can use the matching amount for closing cost assistance, a price reduction or to take advantage of our great low rates! In addition, we are running a ½ off options special in certain neighborhoods. The offers vary by neighborhood. See a sales consultant for details.

Centex is offering special pricing and incentives from Jan 9 to 19th, if you are interested to know more about the Centex Special Centextravaganza Event, please feel free to call me or email me for any question.

Hannah

Great home close to NCSU, Wake Tech and Farmers Market $950/3 bedrooms 2 baths

-Wheeler Park Subdivision

-Great home located at Wheeler Park, just under 1500 sf, 3 BR/2.5 BA in a quiet cul-de-sac.

-Brand New carpet in LR and DR, Brand new vinyl floor in kitchen and bathrooms.

-Professional faux painting, french doors to two side patios, beautiful gazebo and nice wooded yard, quiet neighborhood.

-10 mins from NCSU, 1 block from all bus lines (including Wolfline), Minuets to Downtown

-Raleigh, Cary, NCSU and Wake tech and walk to the nearby park.

-Safe and quiet neighborhood. References required. Pics available on request. Pets OK

-The property located at Rabbit Run Road, Raleigh, NC 27603.

-Please email me or call me for more information.

Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)

My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog: http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan

Raleigh, Cary, Apex, Morrisville Housing Market Update January 2009

Happy New Year to You All!!

Hope you all had a wonderful time with your families and friends over the holidays. The year of 2009 (Year of the Bull) will present plenty of opportunities and challenges for the home sellers, buyers and investors.

An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves. ~Bill Vaughan

As we approach 2009, there are a lot of uncertainties and fear in the market. I think of the old quote: "Nobody knows Nothing" . In the end, it is not how the market behaves but it is how you behave.

Investment Opportunities in 2009

For those who are planning to participate in the Triangle real estate market in 2009, you need to have a planned and researched action steps to a better 2009? Here a few modest tips to become more effective within this type of market:

1)Be prepared to aggressively seize opportunity. In this market, positive opportunities are far out numbered by the negative opportunities. Try not to let the positive opportunities pass you by.
2)When you plan your detailed action steps, include both positive contingencies and negative contingencies for yourself and/or business models.
3)Understand the latest market conditions before acting, and be reminded that you need to be paitent if you are the sellers and need to be agile if you are the buyers or investors.
4)In any case, make sure you have the right strategies in place before any of your actions. Consult a real estate professional as part of your planning and preparation.

Challenges and Opportunities with Foreclosure Properties and Listings

In the last several months, I had lots of my home buyers and investors who were interested in buying bank owned and foreclosure properties. Honestly, some properties in that segment of the market were good buys and the house conditions were good. The banks or mortgage companies priced them to sell. For those properties, they are typically sold within 1 month or as soon as they are listed as there are many other investors on the look-out for the deals.

On the other hand, there were some foreclosure properties which we may surprise by their conditions and there were quite a few eye opening experiences for my buyers!! There was one house which is only 3 years old but we had to fled within 5 minutes. Because once we opened the door, we not only saw lots of trashes but also found at least hundreds of cockroaches inside the house and some of them are still moving around.

Another bank owed property which all the carpets, vinyl floors and sheetrock were removed (because of the mold and water damages). No one could imagine such conditions of both houses from the outside. But most foreclosure listings only shown the exterior pictures and sold AS IS.

I normally recommend to my buyers who are interested in buying those bank owned and foreclosure properties that they only buy those in fairly good conditions and are priced competitively. Also, hire a home inspector to inspect the property as well as a general contractor for estimating the cost of repair.

Aside from these opportunities, for those who have higher risks tolerance level and have experiences in home remodeling and reparing, buying a property from auction might be another viable opiton for a deal. Of course, higher potential financial rewards comes with potential risks and headaches from buying a property in an auction. Feel free to contact me if you are interested in this.

What to Expect if You Are Planning to Sell in 2009?

With the rise of bank owned and foreclosure properties in the local Triangle market, it will continue to put pressure on the traditional resales segment. The uncertainty of the national economy and job security will continue to be a drag for those who would trade up from their starter homes. In general, the local Triangle market is expected to remain the buyers market in 2009 especially in the first half of 2009.

If you are planning to sell your house in 2009, consult with a real estate professional to get a CMA (Comparative Market Analysis) for your neighborhood and get the latest statistics in buying/selling trends so you can set the right pricing strategy and maketing plan to reach out the propsective buyers and investors and sell your property.


Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)
My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog: http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan