Peoria Arizona Real Estate Agent at Work

Wednesday, September 23rd, 2009 | Investment, Money, Real Estate, The Economy | No Comments

Peoria Arizona Real Estate Agent at Work

As a Peoria Arizona real estate agent many people think I take people to see houses, write up some forms and collect an enormous check. Here are some recent activities that I feel helps my clients. The is why I love doing this kind of work. I love to help people. I hear two main reasons why people don’t buy a home. Since the average net worth of a renter was $1,500 verses $175,000 for a home owner, the economic and social improvement makes a very significant improvement to the whole family. Home owners change jobs less frequently. Their children are more likely to graduate from high school. There daughters are less likely to have children out of marriage. The benefits of home ownership goes on and on and on. This information comes from several studies. One main study was conducted by the National Association of Realtors Now getting back to the issue of as a Peoria Arizona real estate agent the reason I hear why people don’t buy a home is:

1. “My credit score is too low.”
2. “I just can’t afford to buy a house!”

So I as a Peoria Arizona real estate agent went and got training to coach my clients not only improve their score and how they can afford a home, but how to make their paycheck go farther than they ever thought possible. I am a Peoria Arizona Real Estate Agent not a credit repair person. The improvement in credit score is only a side benefit of the strong cash flow techniques that I as a Peoria Arizona Real Estate Agent share with my clients.

Here is an introduction to a series of videos I am creating to provide important information that many people do not know and probably don’t even know that they don’t knock.

I as a Peoria Arizona Real estate agent see my clients better able not only qualify for a better home mortgage, but since credit scores have so much to do with pricing like car insurance, health insurance, home insurance and many other monthly expenses, they save thousands every year. Here is just one part of the cash flow enhancement program.

There about 25 different ways for people to stretch their cash, get out of debt and pay off a mortgage in a small fraction of the 30 years that most people choose as a mortgage period. All these improvements can come usually with the same income and with very little cutting back on life-style spending.Here is one example of how to help improve a client’s lifestyle as a Peoria Arizona Real estate agent. I had a couple, Mr. and Mrs. Client, who were close friends in Sun City West. They were in a beautiful duplex. Mrs. Client, the wife, had impeccable taste and the property was absolutely the best home for showing in the neighborhood. They had family issues with grandchildren that made staying in Sun City West very difficult. They made up their minds to list after the majority of the valley’s retirement communities were getting ready to leave for their summer residences in cooler climates. That meant that most of the potential buyers were thinking more about going back home than purchasing a new residence in Sun City West. I as a Peoria Arizona Real estate agent created a killer visual tour.

I as a Peoria Arizona Real estate agent held open houses at various times of the day several days of the week. When I as a Peoria Arizona Real estate agent first started in March I would get about 2-3 showings. In less than 30 days almost no one would come to the door. It looked like they had missed the market and would have to take their home off the market until September when the “Snow Birds” returned. Then one couple who already owned a property in Sun City West came to view the home. They put in a very attractive offer. One of the very nice terms of the offer was that since the buyers were going back to their summer home, my clients could stay and rent their property until they were able to purchase their new home.

While all this was taking place, the Phoenix real estate market changed very rapidly. The market went from a buyer’s market to a seller’s market overnight. THey found a few properties and there offers were started on the investments they wanted were usually 10% under list price.  10% up till that time was considered a good offer. Now the tables were changed. I would take them to a property. We would put in an offer and lose it to another buyer. The sad part was that they were not so exacting to demand the absolute perfect home. They were willing to do some repairs. I as a Peoria Arizona Real estate agent would take them out to see homes three to four times a week. They started with a rather small area in Northwest Phoenix. They looked mostly in Peoria or Phoenix. All they really wanted was a home with 4 bedrooms, open floor design, an RV gate and three car garage. They also thought it would be nice if there either was a pool or a place. I as a Peoria Arizona Real estate agent had given them access to the MLS through a service called Home Scouting Report. This is one of the very few systems where the home shopper can create their own searches, save them in a password protected area, and they automatically get updates on the properties in their notebook and the MLS searches for the homes in the area.  They would look every day and I as a Peoria Arizona Real estate agent would take them out to see properties. I soon found that properties were listed as active but already had contracts signed by the sellers. Many times either a bank was involved or the bank doesn’t make decision quickly. A home can only be sold once, so mostly the Mr.  and Mrs. Client were wasting their time.

Day after day, I as a Peoria Arizona Real estate agent would show homes, they would put in a contract and no results. Finally, I started prescreening the listings. I wouldn’t take them to a property unless the listing agent returned a call and verified that the listing really was still available. Then came the fateful day! I wasn’t able to contact the agent for this one listing. As soon as they walked in, they were ready to put in an offer. This home had everything on the list but the RV gate! When I as a Peoria Arizona Real estate agent called the agent, he said he already had 13 offers. I asked him if my buyers could still put in an offer. He said that he would wait until I as a Peoria Arizona Real estate agent could send in an offer. I asked Mr. and Mrs. Client how high they could go and still sleep at night. In went the offer and they got it. Yea!!!!!

Now comes the part where I really do my job. Most people don’t know that a real estate transaction takes about 45 people of different occupations to get the transfer of a property done correctly. One thing I hesitate in doing is recommending other professionals. This time I recommended two service providers. The home inspector and the pool cleaner. The home inspector did a great job! I as a Peoria Arizona Real estate agent have been recommending him because he carries the equipment to find problems that other inspectors can’t find. For example, he was inspecting a home where I was the buyer agent when he found a water leak IN THE WALL. I was happy when he climbed into the attic and found missing struts. Apparently, when the air conditioning company installed the systems when the home was built nine years before this inspection, they removed some of the roof structure and didn’t replace it when they were finished.

This was a good reason to get back to the negotiating table with the bank that was selling this foreclosure. The appraisal was below our offered price and we have a structural problem. Normally, an agent would be very disappointed thinking that commissions were going to be missed because this deal could fall though. I as a Peoria Arizona Real estate agent on the other hand had already discussed with Mr. and Mrs. Client that I hoped we could find a reason to go back to the negotiation table. Since I am a Certified Negotiation Expert and had a good working relationship with an excellent listing agent, my clients not only saw the price of their new home lowered by $15,000, the bank also repaired the roof. All Mr. and Mrs. Client had to do was to clean the carpets, put in granite counter tops and paint the interior of their new home. Even though this process took several months, their new home was beautiful and they were very happy. I was very satisfied that I as a Peoria Arizona Real estate agent had helped them along the way.

Mr. and Mrs. Client had also just taken a real hit in their stock portfolio and were looking to a way to generate passive monthly income. After many conversations and soul searching they decided that I should help them find rental properties. Now I had the job of not only finding them the home of their dreams, I was to help them replace their lost monthly income. As a Peoria Arizona real estate am not qualified to implement retirement entities, so I introduced them to associates who helped them convert their IRAs and Roth IRAs to self directed so they could buy properties on their own. So while Mr. and Mrs. Client and I were looking for their new home they were also looking at investment properties. I have some experience with investment properties as well as a strong background in business. I have owned as many as three businesses in two different states simultaneously. And I also spent nine years consulting with small business. I knew how to put together a business plan. The Clients really couldn’t make up their minds if they were looking for single or multi-family units. They had decided on real estate as investment because the market had dropped so far that great deals were available and positive cash flow was attainable. The Clients already have another rental property and knew many of the challenges with rental properties. When the finally moved into their new home, they were ready for a rest they have a duplex ready to renovate and a short sale offer on a nice townhouse.

Keeping up with the numbers is critical, especially in a volatile market like we are seeing today. As Peoria Arizona real estate agent, I have found “The Cromford Report” to be a great tool. Here is a short city comparison for Septemver 22, 2009

Price per Sq. Ft.  Peoria, AZ  $87.24  Glendale, AZ $70.89    Avondale, AZ    $57.64

Annual Appreciation Peoria, AZ -20.4 Glendale, AZ   -26.6       Avondale, AZ    -31.5

Days on Market Peoria, AZ    111     Glendale, AZ    80          Avondale, AZ    67

Average Sq Ft. Peoria, AZ   2106   Glendale, AZ    1829

Avondale, AZ    1954

As you can see, a real estate agent does more than show homes and do paperwork.

Secret Tools to Stretch Your Paycheck Part 1

Tuesday, September 8th, 2009 | Investment, Money, Safety, The Economy | 4 Comments

Here is a quick and easy secret tool to stretch your paycheck. Many people are finding that they can’t seem to save any money or lower their debt. Foreclosures and bankruptcies are at record highs. Unemployment looks like it is going to get worse before it gets better.

There are several tools that you can use to take control of the cash you have coming into the household. When I began showing my clients some the these tools they are amazed that they didn’t know that they didn’t know. They all believed that they were doing all they could do with the money they made.  They are always surprised to see just how much more they could do with just one or two secret tools and how far it stretched their paycheck.

One well hidden secret is YOUR CHECKING ACCOUNT IS NOT A GOOD TOOL!  A personal line of credit PLOC or LOC is a tool that can give considerable flexibility in stretching the paycheck to those wage earners with a good payment history.  The easiest LOC  to get is usually with the same bank as your checking account. An example of how to use this tool is shown on the video; If you can’t get a line of credit we will be showing alternatives that will give your the ability to stretch your paycheck too.