Short Sale Buyers – Special Forces

Buying a short sale is not for namby pambies The East Valley Team is taking a stand. When a buyer submits an offer on a short sale - it is hazardous to everyone's health (financially speaking) if they do not intent to execute that contract fully. Gone are the days of putting lots of short sale offers in to see what sticks, Banks are digging and making the process much harder so the message from the East Valley Team is this: You better be serious if you put an offer in on one of our short sale listings. … [Read more...]

Real Estate Negotiation 101

Negotiating real estate deals just ain't the same anymore Is it just me? It just doesn't seem like it's much fun any more to negotiate a real estate transaction. Short sales, REO's and homeowners who have have watched all the equity drain from the homes have taken all the pleasure out of the process. Remember the good old days, sitting around a table, playfully bantering counter offers around until everyone was happy? What do we have now?? Waiting months and months for that 50-50 chance that the short sale will be approved...working with the overworked REO lister, if you are lucky or the REO robot if you are not...or maybe it's an equity … [Read more...]

Short Sales, Fiduciary Duty & Tea Parties

Why Honesty is the Best Policy, Even When the Truth Hurts Dean's latest rant about honesty by buyer's agents when it comes to earnest money deposits on short sales got me thinking...what is our fiduciary duty to short sale buyers? Is to be weaselly and help them cheat the system or is to be brutally honest about whether a short sale is really the right transaction for them? The truth is, short sales with their long lead time and unknown outcome, are just not right for some buyers. And the only way they will know that is if their agent is honest with them about the expectations. Cheerio! … [Read more...]

My Top Videos of 2010 – The Year in Review

Yeah, I know...it looks a lot like I took the last two weeks of the year off from social media-izing...no blog posts, no videos. The truth is, I needed to step back for a bit and regroup. This is the first full year that I have been posting videos and I have learned quite a bit. Mostly that I love to make videos!!! I have been working on some new ideas, learning Final Cut Pro - a more advanced editing software package - and setting some goals for next year. So, never fear (or run for your life, depending on your persepctive), I will be posting a lot more videos in the 2011. But for now, its reflection time - what worked and what I … [Read more...]

A Very Different Kind of Home Tour – With Clone!

I had some unusual assistance for this tour...from my new clone! A very different kind of home tour...trying some new camera techniques...thought it would be a fun way to showcase a great South Gilbert /North Queen Creek home. This 4 bedroom home in Cortina features granite counters, an open floorplan, great entertaining space...all highlighted by my clone. BTW, the master actually has a separate tub and shower!!! You can't believe everything you hear from a clone... … [Read more...]

Loan Mod Scams from the Grave!!

Unbelievable how far these loan mod scammers will go!! Watch out for GINO! Oh yes, lucky me, I got a call from my lender, CitiMortgage, extending an offer to modify my loan. Only problem there is that my house was foreclosed on 6 MONTHS AGO! I had to check this out...turns out it wasn't exactly CitiMortgage., but Gino from the United Mediation Group in California. What followed was a classic scam pitch which, if I bit would end up costing me thousands and put me a worse financial situation with my lender (well, former lender). The pitch contained many red flags that hinted that Gino and his buddies were not exactly straight shooters. Yes, … [Read more...]

Can the Bank REALLY Lock Me Out?

The Answer May Surprise You...OK, Not Really... Before her house was foreclosed on, a friend of mine discovered that she had been locked out by the lender...can they do this? You bet they can! There is plenty of language in most deeds of trust to allow banks to take measures to "protect" the property that is securing the note, including entering the property without your permission and changing the locks. Seriously... … [Read more...]

Making Those Short Sale Calls

Just another sign that short sales are not for the faint of heart... Negotiating a short sale means lots of calls to the lenders to negotiate the terms of the sale. But those calls can sure be frustrating! Sometimes they can't find you file, sometimes, they won't provide the written agreement letter without a fight, sometimes the BPO is out of this world and sometimes, well....sometimes, it feels like they are holding the short sale for ransom. … [Read more...]

What I’ve Learned About Video Blogging

Do YOU Have What it Takes to Make it as a Real Estate Vlogger? I have been vlogging about real estate for well over a year and I have learned a thing or two.  Those social media gurus will have you believe that by purchasing the right camera, editing software, lights and mic, you will have your phone ringing off the hook. The reality is those things don't matter unless you are posting good, engaging content on a consistent basis. And even if you are getting the hits, social media is never enough - you also need good business practices, awesome follow-up and face-to-face relationships if you want to keep food on the table. Do you need to do … [Read more...]

Short Sale Buyers…What are your odds that deal will close?

Thinking about buying a short sale? You might be surprised at the chances of you actually moving in... Short sales make up at least one-third of the inventory here in Phoenix, but what are the odds that you can get one of those deals to close? Not great...but here are some tips to help improve your odds of actually making a short sale work for you. For more about short sales, visit my website at http://www.EastValleyTeam.com ****NOTE: My most humble apologies...it is time for a new camera...will make due with webcam until I have a new cam in hand...no more Godzilla-effect movies!***** Statistics courtesy of … [Read more...]