As an individual agent, my personal business does not provide enough statistical data to draw relevant market conclusions. For valid market data I rely upon the Multiple Listing Service. But what experiences I do have, becomes anecdotal evidence. I can then follow up on these anecdotal stories to see if my personal observations are market […]
Neighborhood Garage Sale Dates – 2012
May 4, 2012 By
Garage Sale 2012 Dates: La Marina – June 23rd Printable Registration Form El Dorado Park South – July 14th Printable Registration Form College Park Estates – July 21st Printable Registration Form
What are the Secrets to getting YOUR offer accepted?
April 25, 2012 By
You just saw a home. Your excited about the future. You can picture yourself coming home from work to your new home, working in the yard, or in the garage, or preparing dinner for the family. This new home is everything you could want. There is only one problem. Many other buyers feel the same […]
Barron’s Says Housing Market “Ready to Rebound”
April 4, 2012 By
I just re-read Barron’s cover story from story from two weekends ago. Barron’s is the only paid subscription newspaper I get, in addition they tend to be conservative or on the bearish side of the coin. While I thought the article was quite lacking in substance, their timing I believe is of value. So here […]
Investors With Cash, the Federal Reserve & the Misallocation of Capital
March 13, 2012 By
What do these items have in common? Well, a lot. I recently met with a general parter of a prospective Real Estate syndication. This general partner said he has investors willing to throw money at him, but having integrity, he didn’t want to accept the money because he wasn’t sure if he could obtain the […]
Banks are Idiots – Wells Fargo Prefers You Screw Them, Than Be Paid Back.
March 5, 2012 By
Today I got to speak with Larry and Sean at Wells Fargo. This was my second day of three way calls with my client on the line, trying to get somewhere in an attempt to “Do the right thing” and save Wells Fargo $20,000, or more. Jenny & Jim bought their home about 10 years […]
The Importance of an “Accurate” List Price
February 26, 2012 By
The list price you choose serves two purposes: One – Get people in the door & Two – Be high enough to not compromise your best possible outcome. Sellers often think the best way to choose a list price is determine the true value of a home, and then add some or a lot of negotiating room, but […]
How to Evaluate a Rental Property Quickly (Video)
February 21, 2012 By
When scanning new listings I use quick rules of thumb. This enables me to know within 20 seconds or less whether a property has the potential to break even, or have a positive cash flow. Is the monthly rent around 75% of the Price (divided by 100)? If this is the case, or close to […]
Fix Up is More Critical when Location is Less than Ideal.
February 1, 2012 By
Odds makers understand statistics. Specifically they understand the likelihood of two events happening. As an example, if you drive down the street, what would be the likelihood of seeing an older Volkswagen beetle? If you are in Southern California, this would be pretty likely, it might only be 15 minutes before you saw one. Then what […]
The 80/20 Rule Applies with Home Preparation
January 30, 2012 By
I just got off the phone with past clients that are in the process of getting their Dad’s home ready for sale. The home is a stunning Craftsman home in a prime historical district. The home has character and presence, the only problem is Dad let maintenance go for the last several decades. We talked […]