Phoenix Real Estate FAQs – 3-12-2010

Dean Ouellette, the Tempe Short Sale Guy , joins me as we ponder the answers to: * Is it a good time to buy a house? * Do I need a home inspection if I am buying As-Is? * Can my Realtor give me the lockbox codes so I can check out a house? * Why do short sales take so long? Thanks, Sasha (Speilberg) Lopez for keeping us on track! Send us your questions...we'd love to hear from you... … [Read more...]

Cash Flow for a Turn-key Rental – Real Estate Investing By the Book

Analyzing cash flow is one of the most basic steps in evaluating a possible investment property. Today’s lesson is from Gary Keller’s book “Millionaire Real Estate Investor”. It shows how to determine the cash flow for a turn key condo property to see if it’s a positive (makes money!) or negative (costs money) opportunity. Real Estate By the Book - looking at real life examples of basic real estate investment skills & strategies according to some of the top real estate investment authors. … [Read more...]

REDC Auction: Scam or the Real Deal?

REDC is a real estate auction marketing firm that markets real estate holdings in the US and beyond through public auction. I have been curious about these auctions for quite a while, but honestly had a skeptical attitude after ready so many bad reviews.    I had to opportunity to check out the REDC auction today with one of my clients and decide for myself if they are a scam or the read deal. So what did I find out at the auction? Did my client win the bid? Check out the video to find out... Be sure to check out the REDC website for yourself for more details or contact me... … [Read more...]

Phoenix Real Estate FAQs- March 5, 2010

Dean Ouellette joins me as we answer your real estate questions straight from the trenches of the Phoenix real estate market....in only 30 seconds. Today we answer: Should you require a deposit on a short sale? Can the bank dictate terms in a short sale contract? Should agents rebate commission? Can I sell my house for a higher price if it is not a bank owned or short sale? Great job behind the camera, Sasha Lopez! We need your questions! Send us an email or leave a comment and look for your answer in upcoming videos... … [Read more...]

Trustee Sale: How You Find Out Your House is on the Block

In the course of my business as a Realtor, I meet many distressed property owners who are losing their homes either through a short sale or a Trustee Sale.  This year, my family will become yet another statistic as we will be losing our home as well. I have come a long way over the last year and a half as I tried unsuccessfully to save my family home.  Although the battle was hard fought - perhaps too hard fought - in the end, the best decision has evolved to my current situation - giving up my house and moving forward.  What I have found very interesting is how I have evolved myself . Like many of life's events that require great fortitude, … [Read more...]

Phoenix Real Estate FAQs

Dean Ouellette joins me as we answer your real estate questions straight from the trenches of the Phoenix real estate market....in only 30 seconds. Today we answer: Can an agent charge extra fees to list a house for sale? Are Open Houses a thing of the past? How can I get more pictures of a listing? What if the Seller won't turn on the utilities for the inspection? Thanks to Sasha Lopez for manning the time clock!  We promise we won't replace you! We need your questions! Send us an email or leave a comment and look for your answer in upcoming videos... … [Read more...]

Wondering Why Real Estate Agents Don’t Call You Back?

I had phone duty today at Thompson's Realty and received a call from a frustrated gal who couldn't get anybody else to call her back about renting a property. It's a more common complaint than it should be. There is no good excuse for not returning calls, but if you are frustrated too, check out this video for some thoughts on the topic... … [Read more...]

What? You Aren’t Using the AZ Buyer’s Advisory??

Two of my clients recently discovered that a really good deal can sometimes be a really bad deal. How did they do it? By using the Arizona Buyer's Advisory to research the properties they were interested in purchasing. By using the resources summarized in this document, they discovered deal breakers that made them decide to choose a different property. … [Read more...]

Phoenix Real Estate FAQ’s – REO’s

Dean Ouellette joins me to as we answer your real estate questions straight from the trenches of the Phoenix real estate market....in only 30 seconds.  Here we are answering some frequently asked questions about purchasing bank-owned properties...namely: Where can you find REO listings? Can I offer below the asking price on a bank-owned property? The bank accepted my offer, but wants me to be sign a 10-page addendum...what do I do? What's a "best and final" offer and how do they work? Thanks to Sasha Lopez for manning the time clock! Don't miss our "blooper reel" at the end! … [Read more...]

The Inside Scoop on Qualifying for a Mortgage Loan

Time and time again, I have had clients who where told they were "pre-qualified" but then were denied the loan. Why does this happen? Here is a look at what happens behind the scenes to qualify you for a mortgage loan, and some tips on how the right loan officer can better your odds for qualification. … [Read more...]