Financial

Selling Or Buying A Home? You’ll Know What Comps Are Soon.

It’s all about Location, Location, Location they say in real estate, but to a buyer or a seller it may be Price, Price, Price.  You may be buying your first starter home or selling the family home to move into retirement in Florida either way you’ll need to know “How much is it actually worth?”  In real estate lingo “Comps” is a second word that comes with little ambiguity, but to the laymen that same word could leave you wondering.  Comparables are reports on similar houses in the area and how much they went for when they were recently sold.  These reports give insight into the value of the home you wish to sell or buy and allow you to determine if it is really a dream home or it is actually a home you can afford.

Sites like Zillow.com attempt to determine a comparable price for a home through open records and information about a home provided over the years in these open records. Ask any realtor and they’ll tell you they hate Zillow.  Not because it takes their clients, the site doesn’t facilitate home sales but due to the inaccuracies made when determining a home’s value without firsthand knowledge of the area or the home.

Real estate agents usually determine these with local knowledge and understanding of the area.  These are performed though after a home buyer or seller has contacted a real estate agent.  Sometimes you’d just like to know without beginning a search with someone who’s commission based.  The perceived pressure that comes with a real estate agent may make Zillow more attractive than an accurate price or at least get you by until you absolutely have to contact an agent.

Other sites are now offering a blended opportunity that borrows the best of both previous options and provide accurate real estate comps but free of the pressure of working with an agent.  RealEstateCompsToday.com is one of these services that offers national coverage but contracts with local agents to provide investors, sellers and buyers with the best possible comparable home price reports.

Too often in life we see black and white or right and wrong and forget that life choices don’t have to be bilateral.  More often a third method is available that includes the best of both original options and today it seems there is a third option in real estate comps.  Consider this next time you search for comps in my area.

Europe’s sprawling new financial law enters into force

A disaster-free launch of MiFID 2 is not the end of the worries

AFTER years of rule-drafting, industry lobbying and plenty of last-minute wrangling, Europe’s massive new financial regulation, MiFID 2, was rolled out on January 3rd. Firms had spent months dreading (in some cases) or eagerly awaiting (in others) the “day of the MiFID” when the law’s new reporting requirements would enter into force. One electronic-trading platform, Tradeweb, even gave its clients a “MiFID clock” to count down to it.

Apprehension was understandable. The new EU law, the second iteration of the Markets in Financial Instruments Directive (its full, unwieldy name), affects markets in everything from shares to bonds to derivatives. It seeks to open up opaque markets by forcing brokers and trading venues to report prices publicly, in close to real time for those assets deemed liquid. It also requires them to report to regulators up to 65 separate data points on every trade, with the aim of avoiding market abuse.

Title: Europe’s sprawling new financial law enters into force
Publication: The Economist
Publisher: The Economist Group Limited
Date: Dec 31, 1969
© The Economist Group Limited, London 1969

Pearl Harbor Fees and Reservations

Admission to the USS Arizona Memorial is free. There is no entrance or activity fee, nor is there a fee for the visitor’s center or the museum. Complimentary tickets for the timed programs to the memorial are given on a first-come, first-served basis at the front desk of the visitor center. These tickets are non-reservable, so visitors are advised to try for tickets early in the day. Queues are often fully formed by 8 am, and during the busy summer months, tickets oftentimes run out by noon.  Visit a tour operator such as Pearl Harbor Tours to arrange reserved tickets through them for the memorial.

Once visitors receive their tickets, they will be assigned a program time. The Navy shuttle boat that take visitors out to the Arizona Memorial accommodate around 100 people, so guests should expect some delays.

In addition to the free tickets for the USS Arizona Memorial, visitors may also wish to purchase passes to visit the America-the-Beautiful–National Parks and Recreational Lands. These passes are available at the Honolulu Regional Office, as well as at most National Park sites and allow visitors access to all federal land management areas. For more information on the land passes, visitors can visit:  http://www.nps.gov/fees_passes.htm

Financial Channel Created

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