Tempe Real Estate – Dean Ouellette Short Sale Agent
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When you are watching the news and see those nightly national real estate stats, remember they are not relevant to you and your real estate market at all. When you hear only 31% of homes sold last month were distressed short sale or foreclosures, that doesn’t mean anything to you in Tempe and the East Valley where that number is closer to 62%.
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In this week’s episode of Phoenix Real Estate FAQ Short Sales FAQ" href="http://deansellsaz.com/short-sale-faq/">Dean Ouellette and Kristin LaVanway answer the following questions:
* 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 doing her part and keeping us on track and keeping us laughing.
Send us your questions…we’d love to hear from you…
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February already? are you 1/12th of where you wanted to be this year?
1) Showing Homes to a Buyer: What They Want to See. – I feel like I could have written this post. I have said most of these words myself at one time or another. Another thing I would add is when showing them a home, show them what they want to see, not something that is priced 20% higher so maybe they will like it and spend more. That is one of the reasons I got into the business.
2) A Housing Fix or a Jobs Fix? Chicken or Egg? – I think we need to fix the housing market to fix the job market. We need to make it easier for people to be mobile again, to make it so they can pick up and travel to the new job if they need to. Now it is difficult because we do not have a mobile workforce who can quickly sell their home and just up and leave for a new job.
3) The Appraisal System Blows. Especially Non-Local Appraisers. – Oh the joys of HVCC and appraisers. I have been ranting about this since last June.
4) What will the FHA 90-Day Flip Rule Suspension Mean? – (and a related one FHA 90-Day Flip Rule Suspended: Lenders Hesitant To Change) – This is interesting to hear, I talked with the two lenders I most often use after reading this and they both said they are now doing loans on homes they did not do so before because of the 90-day rule.
5) It’s not what you say, it is how you say it – Wondering how to best help your client? Ask questions and listen, really listen.
6) How Can We Increase Our Closings From Our Sites? – If I were a betting man (oh wait I am) I would bet the answer for most people is in the 5th answer here.
7) Why You Shouldn’t Be Afraid of Sellers – If you are an investor there is not reason to be scared of sellers… well of course that assumes you are doing nothing illegal or unethical.
8) On the ethics of “strategic default”… – I understand where Scott is coming from, but I wonder if he lived in Arizona where is $600k house was now literally worth $350,000 if he would feel the same. And it is easy to say yes, until you are actually looking at the hard math. If you did a strategic default and sold it could literally save you more than $500k over the next 30 years. That is a lot of college education. I am not saying to stop paying your mortgage, I am just saying it took me a while, but now I understand.
9) How Long Do Short-Sales Take? – This is a great piece to show your buyers if they are looking for a short sale. It is one thing for you to tell them it is going to take months, it is another when they can read it themselves.
10) Effect of foreclosures on Arizona home prices – This is not a top 10 post because of how amazing the information is, this is a top 10 because of what he did with the information. Click the graph, watch the video. Well done John Wake.
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1) Cloud CMA and the downfall of crappy real estate software – I have been excited to try this since I first heard the early rave reviews. Problem… if you are not in California you are out of luck.
2) Video: Price Differences Between Foreclosures and Non-Foreclosures – According to this Zillow video it appears even thought foreclosures control the market in many areas there is still a discount for them.
3) Obama’s State of the Union – Housing Gets Three Lines in 70 Minutes – This struck me too. The housing market is not going to recover until it is easy for someone to become more mobile and easily change jobs across the country. With three lines I wonder if either A) they do not understand the problem is as large as it is or B) They really drink their own juice and believe what they are doing is helping. Either way someone needs to talk to his teleprompter and get them it in line.
4) 10 Commercial Real Estate Blogs to Watch in 2010 – I get emails every now and then asking for more commercial real estate news. Here are some sites that could bring more content.
5) Tough Time For Listing Agents – Good subject, what are the duties of a listing agent, to market your house to other agents and people searching or to actually bring bodies through the door.
6) Marketing for Leads on a $100 Monthly Budget – A few inexpensive ways to get more buyers and sellers calling you.
7) What Is A Strategic Default – There has been a lot of talk recently about strategic defaults, here is a good post that explains them a little more.
8) Why Realtors are Like Rocket Scientists – Did you know we are like rocket scientists? I think you can compare real estate to many jobs because I often tell my friends that it is a lot like my former career of political consulting and running campaigns.
9) Loan Modifications Are They Worth It – An Overview In Simple English – Here is a long post that can be summed up with “depends.” But if you are considering a loan mod it is worth a read.
10) What Exactly Is A Short Sale? – We should all know by now, but if you are wondering what exactly a short sale is, here is a good explanation.
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