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Corp HQ Sales MeetingCorp HQ Sales Meeting

September 17th, 2009September 17th, 2009

Fed survey shows US recession may be over

Federal Reserve survey shows worst recession since World War II may be over

WASHINGTON (AP) -- Economic activity is stabilizing or improving in the vast majority of the country, according to a

government survey released Wednesday. The findings indicate that the worst recession since the 1930s may be

over.

The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most

other analysts that the economy has started to grow once again in the current quarter.

51.3%51.3%Increase in SalesIncrease in Sales$300,000 & Under$300,000 & Under

Recovery Has BegunRecovery Has Begun

July YTD reported internal revenue units

Sales by Price RangeSales by Price Range

Morris County Closed Units As of 7/31/2009

Source: GSMLS via R.E. Stats Inc.

(1/1/09 - 6/30/09)

Essex County Closed UnitsAs of 7/31/2009

Source: GSMLS via R.E. Stats Inc.

(1/1/09 - 6/30/09)

Sussex County Closed UnitsAs of 7/31/2009

Source: GSMLS via R.E. Stats Inc.

(1/1/09 - 6/30/09)

Warren County Closed UnitsAs of 7/31/2009

Source: GSMLS via R.E. Stats Inc.

(1/1/09 - 6/30/09)

Join Us For This Week’s Training Workshop

Weichert Realtors Internet Strategy

Day: Thursday September 17th 2009

Time: 2:00– 3:00

Location: Here

Market Confidence Meter

• U.S. mortgage applications rose 17 percent for the week ended Sept. 4. Applications to buy a home, a tentative early indicator of sales, hit its highest level since early January.

Real Estate Market Seminar

• State of the Local Real Estate Market

• The State of the Mortgage Market

• How to determine Value

• How to prepare a home for sale

• The Home inspection Process

• What does your attorney do for you

We will have a total of 5 speakers

Leverage your time

Invite your buyers and sellers to our next seminar

Saturday Septemebr 26th 2009

Open House Report

• 66 Asscoiates Worked an Open House

• 300 guests visited

Product Update

Tick Tock

.

Mortgage Application Deadline – 10/15/2009That’s less than 45 days away!

To meet the tax credit closing deadline of

11/30/2009, our customers will need to be

under contract to purchase soon

What is the FHA?

• The Federal Housing Administration (FHA) is a United States government agency created as part of the National Housing Act of 1934.

• The goals of the organization are: to improve housing standards and conditions; to provide an adequate home financing system through insurance of mortgage loans; and to stabilize the mortgage market.

SOURCE: Wikipedia

FHA Leading the Way

• FHA has regained favor, following the disappearance of subprime financing products.

• Flexible underwriting standards geared to a wider spectrum of buyers helped FHA mortgages grow from 2 percent market share in 2006 to over one-third of mortgages in the country in 2008.*

*Forbes.com, “Lending over Backward,” 8/28/2008

FHA continues to be a great choice for customers who have minimal

cash resources and less-than-perfect credit.

FHA Product Highlights

• FICO scores as low as 620 acceptable. More relaxed than conventional financing options.

• Debt-to-Income ratios up to 43%.

• Loan-to-Value ratios up to 96.5%.

• Downpayment and closing costs can be a gift or a loan from a family member.

• Seller contributions up to 6% regardless of loan-to-value.

Subject to qualified buyers. Certain restrictions may apply.

• Increased loan limits up to $729,750 in certain areas.

• Eligible property types include one- to four-family residential, condominiums and Planned Unit Developments.

• Appraisal standards have been relaxed by HUD, and are now comparable to conventional loan product appraisals.

• Amendatory clause gives the buyer the right to void the contract if the home under-appraises. Must be signed at the same time the contract is signed.

Subject to qualified buyers. Certain restrictions may apply.

FHA Product Highlights

Benefits to You

• Expand your pool of potential buyers.

• On-the-spot pre-approvals in the convenience of our office.

• Referrals from satisfied buyers, who will readily share their good experience and tell their friends, neighbors and co-workers that Weichert can get the job done.

• You are partnered with an experienced and highly qualified FHA lender.

Together We AREMaking the Market!

As your partner in success andtrusted advisor, I can provide your

customers with safe, stable andreliable mortgage solutions so

you can be successful in fulfillingtheir dream of homeownership.

Marketing and Creative Services

Update

OctoberSuggested Monthly iMail Cards

• October Suggested iMail Cards– These are the recommended iMail cards

to choose for the month of October.– See your PMC or visit weichertimail.com

for more options.

Put Weichert iMail to work for you!

OctoberSuggested Monthly iMail Cards

Announce your new listing and let potential buyers know that an Open House will be held in the near future.

NEW CARD! Just Listed and Inviting You In

• New 8.5 x 11” fold-over format has room to highlight neighborhood activity and a featured listing.

• Pricing starts at $.61 per card.

OctoberSuggested Monthly iMail Cards

NEW! Neighborhood Update Mailed Flyer

OctoberSuggested Monthly iMail Cards

Custom Message W19:

A nice new house would be quite a treat.

All you have to do is ask, so give me a call. I can walk you through every step necessary to help you open the door to the home of your dreams. WRSEA219

Seasonal Card

Just Listed and Just Sold cards are also a great choice for farming. Show them you

get results!

*Note: Information for the postcard provided by the sales associate from the local MLS.Only Weichert listings can be used on Just Listed cards.

OctoberSuggested Monthly iMail Cards

Office Events

• Happy Hour this Thursday 4:00 to 6:00

Office Events

• The Feast Of Santo Porfido