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January 2011

December 2010

How to Discover and Celebrate Your Success, Your Wins for the Past Year...Then Set Outcomes not Resolutions

FEATURED POST:  I updated this post on Celebrating your Success, originally posted 12-30-08, and wanted to re-publish it as we wind down on another year.  I am in the middle of fine-tuning my business plan and writing my goals for next year.  This exercise on acknowledging "what went well, your victories, your joys, your celebrations" is a powerful way to get you in the right mindset to finish your real estate business plan - including written goals and outcomes.  I encourage you to read the post, download the form and just do the exercise.  Celebrate Your Success!

Successwords

As the year comes to a close, I want to pass on one of the most impactful exercises my former business coach had me do several years ago.  The purpose of the exercise was to conduct a review of the previous year by writing down every success, win, and positive thing that I experienced - both big and small.  So, I challenge all readers to Celebrate Your Successes

In my experience as a coach and manager, I have observed that most driven and success-minded individuals have a tendency to focus on what they haven't achieved yet.  They are always moving on to the next goal or challenge without stopping, however briefly, to acknowledge the victory or success of the moment. 

So, as you fine tune your goals and business plan for a successful next year, take some time to look back on the current/previous year with a focus on the positives.  Grab your journal or some paper or...

Use this Celebrate Your Successes PDF: Download CelebrateYourSuccesses

Just write it all down - stream of consciousness - no matter how seemingly insignificant.  Just write it down.  Once you start writing, you'll be surprised at how much you really have to celebrate!

  • List all your accomplishments, wins, victories, successes in the past year.
  • List all moment of joy and gratitude.
  • What did you do last year that you were really proud of?
  • What do other people in your life have to say about what you did, accomplished, contributed?
  • What did you do last year that moved you toward your goals?
  • What lessons did you gain from any setbacks, challenges or obstacles?
  • How are your going to integrate any learnings in to your future goals and the coming year?

Now Set GOALS or OUTCOMES not Resolutions!

I am not a fan of New Year's Resolutions.  Statistics show that most people never keep the resolutions they set for the new year.  The main reasons why they fail?  Lack of Commitment and Clarity.

For some thoughts on Clarity see this post:  Clarity of Purpose - Do You Have It?

Numerous surveys and research show the following as the Top 10 New Year's Resolutions:

  1. Lose weight/Get in shape
  2. Stick to a budget
  3. Reduce Debt/Get out of debt
  4. Enjoy more quality time with friends and family
  5. Find my soul mate
  6. Quit smoking
  7. Find a better job/Make more money
  8. Learn something new
  9. Volunteer & help others
  10. Get organized

You may, like me, look at this list and think "I want to accomplish several of these things this year!"  So instead of saying My New Year's Resolution is "x" - back it up with total commitment and clarity to ensure success this year. 

The critical steps to achieving your goals:

  1. Identify clear, concise, SMART goals and know your WHY for each of them.
  2. Write them down for all areas of your life (Personal, Financial, Business/Career, Relationships/Family, Spiritual)
  3. Create Action Plans - break the goal down into steps and next actions.  Take action every day!
  4. Measure and track your progress - you can't improve what you don't measure.
  5. Celebrate your successes along the way - make any necessary course corrections.

Related posts on Goal Setting:

Join the Wanderers Club for $67/mth membership fee to access all of the member benefits including monthly training webinars, group coaching sessions, online training courses, private Facebook and LinkedIn Groups.

FREE Basic membership is free and includes:

WBNL Coaching Real Estate Business Plan Online Course and Downloads


Energy Consumption Evaluation - New Nevada Law Effective January 1, 2011

Attention Nevada Realtors!  In case you missed it...  Here is the information from GLVAR:

Beginning January 1, 2011, the seller of residential property must provide the purchaser with an evaluation of the energy consumption of the home on a form provided by the Nevada Energy Commissioner. The form must be provided prior to closing the sale, and certain exemptions apply.

 
SELLER'S ENERGY CONSUMPTION EVALUATION FORM
Download
Nevada Revised Statutes ("NRS") 701.250
Download
How To Complete The Seller's Energy Consumption Evaluation Form
Download

 

The new requirements are found in NRS 113.115, which was passed by the Nevada Legislature in 2007 and amended in 2009. The Nevada Energy Commissioner recently adopted regulations that provide a framework for the evaluation form. For a copy of the regulations, click here.

Note: All residential transactions that close on or after January 1, 2011 must comply with the new law. Either the evaluation form must be completed and provided to the buyer or the parties may waive the requirement by using the waiver form on the bottom of page 4 of the form.

Who should complete the form?

Like the Seller's Real Property Disclosure form, the energy evaluation should be completed and signed by the seller, not the real estate licensee. Alternatively, if the seller chooses to have an energy evaluation performed by a certified inspector, the inspector will complete and sign the form.

When must the form be provided?

NRS 113.115(2) states that the seller must provide the evaluation form "before closing a transaction for the conveyance of residential property." The law does not specify a date or a number of days prior to closing.

What transactions are exempt?

NRS 113.115(3) provides four exemptions:

1. By foreclosure pursuant to chapter 107 of NRS. (Note: This means the Trustee's sale; it does not mean an REO. REO transactions are not exempt under this provision.)
2. Between any co-owners of the property, spouses or persons related within the third degree of consanguinity.
3. By a person who takes temporary possession or control of or title to the property solely to facilitate the sale of the property on behalf of a person who relocates to another county, state or country before title to the property is transferred to a purchaser.
4. If the seller and purchaser agree to waive the requirements of subsection 1 [of NRS 113.115].

Additionally, per NRS 113.115(4), if the seller completed an evaluation within the previous 5 years before signing the purchase agreement with the buyer, the seller may provide that evaluation to satisfy the requirements of NRS 113.115(1).

May the buyer and seller waive the evaluation form?

Yes. When the buyer and seller mutually agree to waive the requirements of NRS 113.115(1), the evaluation is not required. The waiver is found at the bottom of page 4 of the form.

Does this new law apply to transactions already in escrow as of January 1, 2011?

Yes. The seller in any residential transaction that closes on or after January 1, 2011 must comply with the new evaluation form. If the parties choose to waive the requirement, use the waiver at the bottom of page 4 of the form.

If the seller provides the evaluation form, does the buyer have the right to cancel based on what's disclosed?

There is no independent statutory right of cancellation provided in NRS 113.115 or NRS 701.250. Thus, for a buyer to cancel based on what's disclosed on the evaluation form, it would have to arise from a contractual right such as the due diligence period.

Does the buyer have to sign the form?

Yes. The buyer signs on page 4 that he/she has received the evaluation form. From a risk management standpoint, a fully executed copy of the form should be kept in both the listing and buyer agents' files.

 

Jan O’Brien is an expert with the Las Vegas short sale process.   She is the co-author of the Certified Foreclosure Alternatives Consultant designation course.   Call Jan direct at 702-858-9191 to schedule a Foreclosure Alternatives Consultation today.

Considering a Las Vegas Home purchase?  Search all Las Vegas Homes for Sale using our free, interactive map-based search.

Search all Las Vegas Foreclosures, including Henderson, Green Valley and North Las Vegas bank-owned homes.

 

Join the Wanderers Club for $67/mth membership fee to access all of the member benefits including monthly training webinars, group coaching sessions, online training courses, private Facebook and LinkedIn Groups.

FREE Basic membership is free and includes:

WBNL Coaching Real Estate Business Plan Online Course and Downloads


Next CFAC Designation Course is January 26th - Las Vegas Short Sale Training

Certified Foreclosure Alternatives Consultant 

Trainers:  Steven Kitnick, Jan O'Brien, Robert Noggle

Date:  Wednesday, January 26, 2011 | 9:00 am to 4:00 pm

Location:  iMortgage              

9139 W. Russell Rd., Suite 100, Las Vegas, NV 89148

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.

Cost: $109 (Save $120) 

Space is Limited  - Reserve your seat - Register ONLINE Now!

CFACLive

 

 

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

A CFAC℠ genuinely cares about their clients, always places the clients’ interest above their own, and never ventures outside of the scope of their expertise.

A CFAC℠ encourages clients to partner up with other trusted advisors such as attorneys, CPA’s, and financial consultants.

A CFAC℠ educates the client so they can make an informed decision as to   what’s in their “best interests.”  If the client determines that the short sale is their best option, no one is better trained to successfully process a short sale transaction than a CFAC℠.

Is a short sale the answer to your client’s situation?

  • What liability will you incur if you recommend a short sale without exploring alternatives?
  • What are the alternatives to foreclosure?
  • Why should you partner with attorneys, CPA’s and other trusted advisors?
  • How do you reduce the potential risk and legal liability when processing and negotiating a short sale?
  • What are the options for negotiating a short sale?  Who can legally do it?

Course content includes:

  • Using the Educational / Consultative Approach
  • Advanced Communication & Negotiation Techniques
  • Current Market Trends
  • HARP, HAMP, HAFA
  • Options for Remaining in the Home
  • Options to Sell or Give Up the Property
  • A Complete Short Sale Listing System
  • Effectively Working With Short Sale Buyers
  • Loss Mitigation and Servicer Processing Tips
  • How to Reduce Your Risk & Liability in Today’s Market
  • Legal & Tax Ramifications for the Short Sale Seller
  • Implementing the CFAC Business Model for Your Continued Success

If you are a Las Vegas homeowner who would like to know more about Alternatives to Foreclosure, contact us to schedule a Foreclosure Alternatives Consultation.

Jan O’Brien is an expert with the Las Vegas short sale process.   She is the co-author of the Certified Foreclosure Alternatives Consultant designation course.   Call Jan direct at 702-858-9191 to schedule a Foreclosure Alternatives Consultation today.