Hey Listing Agents…Help Us Help You!

Have your people call my people Distressed property sales are a real pain in the backside. We all know the challenges associated with short sales, but REO property sales are often just as frustrating. Those of us out here in the trenches are constantly lamenting about the less than stellar services provided by REO listing agents. Some teams do an excellent job of liquidating REO properties. They provide fair consideration of our offers and consistent communication when servicing their listings. But other listers are not returning calls and emails, ignoring offers and raising some eyebrows in the management of their listings. The nature of … [Read more...]

Loan Modifications: Is It Time for Another Shot at One?

With the changing climate of short sales, are banks more open to loan modifications? Perhaps...here are some tips if you are out of options and are thinking about taking another shot at a loan modification. Here's a great online tool to help you decide:  http://www.counselordirect.com It should go without saying that you should NEVER pay for a loan modification! If you are working with an attorney, sure, you will pay for that legal advice, but do not be a victim of a loan modification scam.  They are still out there... … [Read more...]

Phoenix Real Estate FAQs – 04-02-2010

This week, Kristin LaVanway and Dean Ouellette tackle the questions: * Can I keep my antique stove when I sell my house? * What is the final walkthrough? * Why didn't I get the mortgage rate advertised online? * Can the bank foreclose if I am negotiating a short sale? Thanks as always to @SashaLopez even though she never watches our videos... … [Read more...]

Success Measured By The Frets of a Guitar

Success can be a hard thing to measure in times like these unless you can look beyond the bean counter definition and look at metrics of success that really mean something. Here is what I learned about success from my brother... (sorry about the wind!) P.S. have you checked your blood pressure lately? … [Read more...]

Termites! A Horror Story…

Still wondering if you should spring for that home inspection? If this story doesn't convince you, nothing will...although termites are generally a very treatable problem here in Arizona, in this case, there was a perfect storm of conditions to create a huge termite problem.  It was a beautiful home and we never imagined it had such extensive problems. Since bank-owned listings come with no disclosures, it's up to the buyer to uncover problems with the condition of the home. … [Read more...]

Thinking About Skipping the Home Inspection? Think Again…

I know, home inspections cost a lot of money, especially when you saving up the pennies for the many trips to Home Depot that await when you close on your new home. Here are two examples, of how home inspections, or the lack thereof, affected two homebuyers...it might make you rethink your home inspection strategy. … [Read more...]

How’s the Market – a Microscopic Perspective

How's the real estate market here in Phoenix? I get asked all the time...here's an answer that looks past the massive stats and global economic predictions and focuses on my little pile of work. I think the collection of deals I am working on now captures the essence of the challenges we face in this promising but frustrating market. … [Read more...]

Phoenix Real Estate FAQs – 3-26-2010

In this episode of Phoenix Real Estate FAQ's Dean Ouellette and I ponder the answer these questions: * What's a better value...resale or new build? * When do I get the keys to my new house? * How many houses should I look at before I put in an offer? * Who should be present at a home inspection? Thanks to Sasha Lopez for keeping us on track! … [Read more...]

Phoenix RE Bar Camp – What is it??

Have you heard about RE Bar Camp? The Phoenix edition of this awesome information exchange is coming up on April 9, 2010 at the Scottsdale Stadium. This day-long event is one of the best ways to share information, learn about tech tools that can help your business grow and network with like-minded professionals. Best of all...it's absolutely FREE! Check out this video to learn what this event offers to its attendees, then visit the Phoenix RE Bar Camp website to register and learn more. … [Read more...]

HOAs: Are Weeds Really the Biggest Challenge in America?

As part of my Top Ramen Chronicle series exploring the journey of scores of American families who are losing their homes, I had to address the growing disaster facing HOA's across America...out of control weeds. Seriously. Knowing how the process works as homes go into short sale or foreclosure, I am really sickened to think that HOAs are trying to rack up fines as a means of income generation. Are they hoping for a big jackpot when the payouts are handed around? Is that the best way to build a community? I really don't think so...and what American families need now more than ever are true communities that watch out for your back rather … [Read more...]