Peggy Smith

On Saturday, July 12, I will be walking 20k in the 27th Annual Prouty Bike Ride & Challenge Walk to raise money for cancer research at Dartmouth’s Norris Cotton Cancer Center. Unfortunately, we all know someone - a family member, friend, colleague, parent, child - who has been affected by this disease. Truly, cancer does not discriminate.

To participate in The Prouty, I’ve committed to raising $2500 towards cancer research. It is my personal goal to raise even more and I hope you can help! You can sponsor me right now by clicking on the website listed below. All donations are tax deductible and should be turned in by July 9.

Money raised by The Prouty stays locally to support cancer research and patient services at Norris Cotton Cancer Center. It’s one of the best cancer facilities in the country and has been named one of only 41 Comprehensive Cancer Centers by the National Cancer Institute. Research conducted here helps cancer patients all over the world. If you’d like more information on the research done here, go to www.cancer.dartmouth.edu.

If you prefer to send a check, you can make it payable to Friends of Norris Cotton Cancer Center and mail it to Friends of NCCC, One Medical Center Drive, Lebanon, NH 03756. Make sure that you indicate that it’s for my walk by placing my name in the memo area of the check.

Thank you in advance for joining the fight!

Together, I know we can make a difference in the fight against cancer. Thank you for your support!

Follow This Link to visit my personal web page and help me in my efforts to support Friends of Norris Cotton Cancer Center

Peggy Smith

With the real estate market seeing a down turn across the country, more and more seller’s are receiving “low-ball” offers. I was reading the NY Times and found an article including a sample response letter for seller’s. See the letter below and a link to the full article… happy selling!

Dear Bidder:

Thanks so much for your note. I’m truly glad that you like our home as much as we do. You’re right that my family and I have many great memories of this place, and we hope someday you will, too.
And I just want you to know that I’m not insulted in any way by your offer. The fact is, none of us are very good at buying and selling homes. We don’t do it often, and as much as we know we’re not supposed to let emotions get in the way, it’s hard not to. After all, few people buy or sell anything else as expensive as a home in their lifetimes.

That said, your offer disappointed me. You seem to believe that I’m not aware of how bad things are out there or that I’m in denial. But I do read the headlines, and I priced the house accordingly. I knew I might have to wait awhile to sell it.

I should point out that your data draws on what has already happened in the housing market. Instead, I’d ask you to consider what’s about to happen.

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I thought you might like to read this article and the comments. Although I am happy that Obama got the nomination, I think this is a very telling article as to where women really are today. It is appalling to me that the news media treated Hilary Clinton as they did. It is also disappointing that so many men and women still have the attitude they do toward women and their place in society. Other nation, including the Arab world, has more respect for women as leaders than the United States.

Please click here to read the article “Woman in Charge, Women Who Charge” by Judith Warner.

I just happened upon this information and thought how perfect wine tasting and chocolate sampling on the same day! Not a drinker myself, I’ll be heading straight for the chocolate.

If you are looking for something to brighten this gloomy Vermont day, right here in Stowe, check out these two events today, June 6th:

Wine Tasting in the Trapp Family Lodge Wine Cellar, 4-6PM
Indulge in a selection of wines from Washington State’s Columbia Valley. A sign up sheet is available at the front desk, call 253-5742 or 800-826-7000 to sign up! There is a $15/person fee for this event.

Laughing Moon Chocolates Benefit Chocolate Tasting, 3-7PM
This event benefits the African Food Aid and Water treatment programs in Somalia, Ethiopia and Kenya. A $5 donation is requested, in exchange you will be treated to make your own chocolates, plenty of samples, give aways and dipping demos! Enjoy.

After drinking all that wine and eating all that chocolate you may want to walk or run it off… what better way to do that then to join the NCAL MUTT STRUTT on Saturday June 7th. It is too late to register online, so head over to the event at 8AM tomorrow to pledge or donate. Now you are supporting 2 great cause in 1 weekend. Check out my daughter’s NCAL Mutt, Gizmo, below!

Yesterday I attended a memorial service for my friend that died from ALS. I have never known anyone with this disease. My friend was also my lawyer and we saw each other everyday for 20 years as we worked in the same building. He was diagnosed with this disease back in November. It was hard for me not to want to say, “oh I am sure there will be some drug that they can give you to make you better.” I think he kept hoping for the miracle, but none came. Over a five month period I watched as he lost a little bit of himself each week until he could not eat, speak or move a finger. It was more than I could bare to see my friend trapped in his body, still with eyes that recognized you but no ability to tell you.

I thought during these moments when I would visit him, there was not much I could say to him to comfort him. Even reporting the news, or talking about some real estate problem seemed ridiculous when I am sure these worldly problems seemed trivial to him. But what I mostly thought about was Vermont’s struggle to bring about the ” Death with Dignity Law.” If ever there was a time where this law would have been a blessing for my friend, this was it.

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I have had several phone calls in the last couple of months from potential customers and past clients that have asked me about building. My standard answer has been, if you can find a home you like, it is better to buy than to build. But lately I have been rethinking this.

In the latest issue of Money Magazine (April 2008) there is an article (Dream It, Build It) about building your dream home. The article makes an argument stating that” now “might be an excellent time to build that home. It says that “behind the dark clouds hanging over the houseing market is a very compelling silver lining. The cost of building your dream house is coming down.”

Why would this be? Well, there are many factors, but the main one is; the cost of raw materials has dropped and contractors are not as busy as they once were. In interviewing some modular home companies I have found that the demand for modular homes is so far down that some companies are running on a skelton crew. What this means to you the consumer is; dollars are not coming out of your pocket. Money Magazine states that framing lumber is 18% cheaper thtn 18 months ago and that drywall is selling for 40% less.

Not only are prices dropping in the construction area ,but also land prices have dropped in Vermont; in some cases 48% of the asking price from 2006. This is not as true in resort areas such as Stowe. The list price of land might not have dropped, but the actual sale of land has done so. We have seen the listing price of large lots over 25 acres being dropped while the smaller lots prices have stayed the same. Overall, large or small lots have not seen a record number of sales, and this has lead to lower sales prices.

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Check out the newest book from Amazon: The Kindle.

If you don’t have one of these you are missing the best thing ever. This was the only thing I had on my Christmas list and they are so in demand that I did not get it until the middle of February. I am an avid reader and when I go on vacation my suitcase is heavy because I take so many books. I never have enough books and many times I am in countries where it is difficult to get English books;when you do find them, they are what I call “airplane novels.”

When I clicked on Amazon.com to order books for Christmas presents last December ,the above ad was on the home page. Shortly after that, I read a review of the Kindle by someone that bought one. It compared it to the Sony E book and the Kindle came out top over all E books.

Here are a few features that I find amazing:

1. You have a large selection of font sizes for every ones preference.

2.The books are sent to you over a cell line, not an internet line. This has advantages and disadvantages. As long as you are within cell service you can receive books, newspapers and magazines. However, the cell service that Amazon uses does not work at my house, even if my cellphone does. It does work in the village of Stowe so all I need to do is drive downtown, turn on my Kindle and whatever I ordered is there.

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I have to say it has been awhile since I have written in my blog. The Fall flew by and real estate in Stowe continued to sell which shows that Vermont is somewhat insulated from the rest of the country. I thought you might find this article interesting. It gives a great perspective. I hope ou all have a wonderful holiday and the best news of all is that THERE IS SNOW IN STOWE!

I recently came across this article by Bernice Ross, it gives an outlook on Real Estate in 2008. I thought I would share it with you. Please read on…

Outlook for Real Estate in 2008 

In all the years I’ve been writing this column, I have never received such an outpouring of response as I did from the two November articles on how media coverage of negative housing news is hurting our industry.

In spite of gloom and doom of recent news reports on the state of the nation’s housing, there is plenty of good news, the most recent of which comes from the National Association of Realtors.

Laurence Yun, the chief economist for NAR, had plenty of positive news for Realtors at last month’s conference. Yun attributed much of today’s subprime mortgage problem to greed. Wall Street wanted the 10-12 percent return that subprime mortgages yielded as opposed to the smaller returns from more traditional mortgage products. His take on the Wall Street types: “They gambled. They lost.”

Yun’s outlook for 2008 sees a shift from greedy speculators to serious homeowners. 2008 will be a year of opportunity where there will be serious, healthy business. Furthermore, Yun predicted that the market returns to normal by 2009. (more…)

As a REALTOR in Vermont, I hear more and more about Green building. I recently came across an article on RISMedia addressing the issue: “Real Estate Industry Leaders, USGBC Discuss Next-Generation ‘Green Buildings’”

The sum up the issue well in this statement: “Green building has moved from a frill, to a necessity,…”

Interested in reading more? Click here to read the full article.

If you are interested in learning some of helpful points to your sell your house, I recommend you watch this video:“How to Sell Your House (in a crappy market)!“.

Sometimes it is better to listen to what experts outside of Vermont have to say. It is a quick and easy video to watch, just four minutes long. It offers good advise on selling your home in the current market. Go to How to Sell Your House and see what the experts have to say.

Also I am offering a FREE book on “Who’s the Best Person to Sell My House?”. Just make a comment on my blog and I will be happy to send you a copy

To Search the MLS check out my website: Peggysmithvt.com

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