Saturday, November 21, 2009

Qoute of the day

"You are a wise soul who unlocks the mysteries of life by beginning with the self."

Needless to say, I have a headache after a run in with significant other of a client. As with all careers and experiences you learn that losing your temper is never a good thing. However, standing up for what you believe in and your character can always be a sensitive area. I find it quite difficult to maintain composure when my integrity is being questioned. Everyone has different motives for their need to intimidate and bully, but the older I get, the wiser I get, the less tolerant I am of disrespectful behaviour. So although there are many mysteries of life for me to figure out including those within, I can only be me now and respond accordingly. Peace.

Friday, November 20, 2009

It's Not What Happens, But How You React That Counts

This morning I received a not so nice email from a company I do business with in regards to a question I had about their service. Their response was totally not what I was expecting. Be warned sending emails in the early morning before people have had their coffee and medication can be dangerous. My lesson learned today. This article showed up in my email shortly thereafter. Is someone trying to tell me something?

http://realtytimes.com/rtpages/20091120_react.htm

Nicoderm Advert Crazy Flight Attendant

http://www.youtube.com/watch?v=ev1ecd02Fd4

Thursday, November 19, 2009

Agents Have No Duty to Submit Short Sale Offers - Surprised?

Love this article. I think most agents are doing this already but a few are submitting all because the lender is requesting they do so. It is not up to the lender, it is still up to the "Owner" to pick the best offer. I will only submit one offer at time and make the listing AWC as soon as both buyer and seller sign off.

http://www.brokeragentsocial.com/article/564/agents-have-no-duty-to-submit-short-sale-offers-surprised

Goodyear at 63: From small town to city of 61,000

Goodyear at 63: From small town to city of 61,000

ATM - According to MOM - Too funny to keep to myself

With all the acronyms flying around out there, I would like to add one. ATM, According To Mom. This could be really funny if you think about it because I am sure everyone has a story that their mother has told them numerous times.

Here goes mine from my meeting with my mother today:

ATM, for you single ladies, a good man is someone who can lift heavy things, do the landscaping, and has good teeth. For you married ladies, think twice before sending your man to the dog house if he can do these two things, apparently, he's a keeper.

Ok, one more, if your children sneeze it is either because they have a wet diaper or have to pee. (seriously?!?!?)

Overcoming 5 Common Investing Mistakes Made by Property Owners & Managers

http://realtytimes.com/rtpages/20091119_mistakes.htm

Great article for those looking to invest in the Great Phoenix real estate market. What many out of state investors do not realize is that the individual cities all charge rental sales tax. This must be calculated into the rent or on top of the rent to the potential tenant. Some cities are more diligent than others about collecting this sales tax. I can talk from experience that the City of Buckeye is on their game. You must have a business license to have even one home as a rental property. When the tenants turn on the utilities in their name a red flag is sent to the city auditing department and "Voila", you suddenly receive a nice little rental tax bill in the mail :)

Finding a Realtor who specializes in the area you are looking to invest in is very important.

They only thing I disagreed with in this article was the suggestion that "certain" areas are trouble. I have many clients who invest in what might be considered a "certain" area and they are finding great success especially with section 8 paying 1.5x times the normal rent guaranteed every month. The people qualifying for section 8, in my experience, have maintained the homes and left the homes in acceptable condition. If they do not, they might lose the benefit if a complaint is filed. Now this type of investment is not for everyone granted, but I do not think it should be ruled out completely as this article has done.

Tuesday, November 17, 2009

Monday, November 16, 2009

Dream Home With A Past - Drug Lab

Must See Video for Realtors or anyone looking to purchase a home. Not all drug labs are reported. http://bit.ly/4jhk5P

Thursday, November 12, 2009

Realtor Sued over Misrepresentation of Tax Records

Realtor Sued For Misrepresentation When Assessor's Record are IncorrectThere's really nothing for real estate agents and brokers to like about a recent case brought to our attention by the legal department of the National Association of Realtors® (NAR). Bowman v. Presley arose out of a 2005 transaction that took place in the state of Oklahoma. The ruling came down from the Oklahoma Supreme Court.Full Story: http://realtytimes.com/rtpages/20091103_realtorsued.htm

Difference Between a Judicial and Non Judicial Foreclosure

Non-Judicial States Let Mortgage Lenders Off The HookThere is a lot of talk about foreclosures in the news today. One aspect of foreclosures that has received little attention is difference between a judicial state and a non-judicial state. A judicial state requires that a lender file a foreclosure action in the court system and get an order from a judge before the property goes to a foreclosure sale. This provides the opportunity for the homeowner to assert any claims against the lender he or she may have and allow a judge to make a determination before the homeowner loses the home.Full Story: http://realtytimes.com/rtpages/20091104_nonjudicial.htm

Mold Lawsuit

Court Rejects Expert Mold TestimonyMore often than is widely acknowledged, courts come up with good and sensible rulings. When that happens, we do well to acknowledge them. In the case of Dee v. PCS Property Management, California's Second Appellate District Court of Appeal affirmed the good ruling of a trial judge. Inasmuch as the case had to do with claims regarding mold, it is of more than a little interest to a variety of parties involved with real estate.Full Story: http://realtytimes.com/rtpages/20091110_mold.htm

FREE Admission to Disneyland/Disney World

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